The immediate result if SB 9 passes as now written will be a BIG jump in the value/price of ALL the single-family home properties where this new development potential might be used. In the high-cost Bay Area, SB 9’s passage will add at least $100,000 to the price of any feasible house/lot. And most such homes in San Francisco could see jumps from $200,000 to $400,000 (view lots, etc.).
There is no way that instant price jump in home prices is a Good Thing. It will put even more housing units financially out of the reach of today’s hopeful home buyers. And it will make those properties even more attractive to “investors” (aka “flippers”) looking to exploit the State’s housing crisis for their own personal profits.
Those are Bad Things (emphasis added).