On Tuesday, the Berkeley City Council directed city staff to draft an ordinance authorizing ADU condo sales, in line with Assembly Bill 1033, a law that took effect at the beginning of this year. The move aims to make homeownership more accessible in one of the Bay Area's most expensive markets, where the typical home is valued at nearly $1.5 million.
So, instead of finding ways to reduce ridiculously inflated home prices from price gouging boomers, you just sell shoeboxes to poor people for a more distributed kind of “poor people” homes. It’s like spreading an unattractive refugee camp out amongst a larger space so the rich folk don’t have to look at it all in one place. Great work.
Increase housing supply of anysort suppresses rent growth
These are to sell, not rent. Extra rental properties suppresses rent inflation.