California Senate Bill 9 (SB 9) has the potential to revolutionize the way homeownership and property investment works in California. By allowing homeowners to split their property into two lots or build up to four units on their existing lot, SB 9 provides increased flexibility in property use and lowers the barrier to entry for homeownership. This can be particularly beneficial for first-time home buyers who may struggle to afford a home in California's expensive housing market. Additionally, the potential for multigenerational living and rental income generated from additional units can provide more affordable housing options for families while building wealth through real estate investment. However, it's important to carefully consider the potential benefits and challenges of SB 9 and work with a trusted real estate professional to make informed decisions.
affordable housing
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