[mhays]

People seem to be expecting a flood of new units in existing neighborhoods. That seems farfetched.

Much of the new housing should be denser new developements. That'll be easy and very profitable for most who bought land under the old rules.

I agree that existing HOAs typically won't allow densification.

For the rest, let's hypothetically imagine 1,000,000 new units on existing house lots over 10-15 years. Total wild guess.

Many will be apartments, typically in transit-served areas (one hopes). Let's say 500,000.

Then let's say another 500,000 true accessory or side units in existing SFR areas. If the non-HOA denominator is 5,000,000 houses in the state (wild guess), that's a 10% increase. And it's over many years, following building codes. Maybe some areas don't get many and others see a 20% increase. Even 20% is just not that many when phased in over time.

Yet even that moderate amount can reset price norms because the market will be based on much cheaper land values per unit.

Traffic keeps coming up. I suspect a large percentage of construction will be CLOSER to jobs. The measures won't cut traffic, but they'll make a lot of long commutes shorter ones. And they'll put more people into transit and walking range.