It’s really hard for me to wrap my mind around what this means.
I just can’t imagine that a developer is going to be able to go into, say, Atherton, California, buy a 1 acre lot that was previously zoned single-family and build 25 condominiums on the site. The uber-rich people in the neighborhood would somehow stop it. They drown the project with litigation, they’d pay off the appropriate politicians or bureaucrats to stymie it, whatever. One way or another, they’d kill it.
As in most things, I tend to suspect those most impacted in the real world will be the lower-middle to middle class neighborhoods where a Section 8 four-plex might replace a large single family home.
They must put them in venues like Atherton, California. This will give them a great opportunity to show the world how much they care! Maybe bring in a few thousand Afghani’s and their extended families like they do in other venues.
DO NOT forget the Calif restrictions on Natural Gas...
AND WATER restrictions are starting, also.