California Governor Jerry Brown fully realizes that California real estate is too expensive, but is not certain that much can be done about it. In a recent speech at a Urban Land Institute conference in San Francisco, Brown downplayed the effort at reforming two sets of regulations originally aimed at controlling land use in The Golden State.
- Throwbacks to the 1970s, California Environmental Quality Act (CEQA) and Proposition 13 sought to protect California residents, but have caused side effects that could not have been foreseen 40 years ago.
- Governor Jerry Brown is not supportive of reform efforts to the CEQA or Prop 13.
- The spilt-roll tax proposal does not enjoy wide support.
The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills