Real Clear Markets: Defeat of Measure S Is Not Enough for California Housing

Last Tuesday, City of Los Angeles voters defeated Measure S – a draconian anti-housing development ballot measure, which would have halted all new high-density development in Los Angeles, exacerbating an already stressed housing market.  As of yesterday, the measure was failing 70% to 30%, a decisive rebut of an initiative lacking any policy rationale.

But YIMBYs, affordable housing advocates, pro-housing environmentalists, and business and civic leaders shouldn’t breathe a shy of relief. Measure S’s defeat is more an anomaly than the standard. Much more action is required and the stakes are only getting higher.