The real gerontocracy are the neighborhoods who calcify their cities by restricting what can be built.
Give it time, there's a lot of long-term damage to the housing market and this is just a baby step in the right direction.
> What is the net impact on quality of life?
Well hopefully when this thing really gets rolling, quality of life might improve for the 25% of renters in the state who are paying over 50% of their income in rent and utilities.
Not yet. The first wave of developments is now in the pipeline, not yet built.
But maybe because I never lived on the west coast? Is zoning restriction a poorly use tool there?