How Abundance Won in California

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The California housing crisis is a disaster and an emergency. Housing construction per capita has steadily fallen in the last few decades, while home prices, rent, and homeless rates have all soared. By some estimates, the state is three million units short of housing demand—the equivalent of seven San Franciscos. One of the major barriers to building more housing has for decades been provisions in the California Environmental Quality Act. Signed by Gov. Ronald Reagan in the 1970s, the CEQA has been called "the law that ate California." It essentially allows anybody with a lawyer to stop any project they don’t like, for any reason. But this week, Gov. Gavin Newsom signed two bills to defang…