Because the very same Santa Monican NIMBYs that just passed that law have made it impossible to build more housing: http://www.santamonicanext.org/2015/05/santa

Because the very same Santa Monican NIMBYs that just passed that law have made it impossible to build more housing: http://www.santamonicanext.org/2015/05/santa-monica-city-council-says-no-to-5-story-housing-on-boulevards/ http://www.santamonicanext.org/2015/05/santa-monica-city-cou... As an aside, if anyone is looking to locate a startup in Los Angeles, do your future employees a favor and avoid Santa Monica. Downtown LA and Culver City are far more sensible options and allow for a reasonable commute and/or nearby housing at lower prices than Santa Monica.