State of the Market Los Angeles OCTOBER 2021

The state of California and governor Gavin Newsom signed into law SB8 and SB9 which will attempt to eliminate single family zoning in residential neighborhoods to increase density during a housing shortage crisis. The laws state that an owner can build up to 4 units on a Single family lot. Does this mean they can build 4 units in Beverly Hills and Brentwood park? It's not clear and convoluted at best as local zoning rules will come into play in each community and you can expect significant legal conflicts to jam up the court system as developers, residents, activists and politicians will battle it out in the months and years to come to establish legal precedents in different communities and which will clearly create mass confusion and more obstacles and loop holes to contend with.

https://www.gov.ca.gov/2021/09/16/gov...

FOLLOW

Danny Brown
http://dannybrownla.com
http://instagram.com/dannybrownla

#dealpod #compassrealty #housing