Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

1,040
Posts
729
Votes
Christopher Smith
  • Investor
  • brentwood, CA
729
Votes |
1,040
Posts

California Draconian Rent Control Proposition 21

Christopher Smith
  • Investor
  • brentwood, CA
Posted

California will once again have on the November ballot a massively draconian and destabilizing rent control measure. The current measure PROP 21 is very similar to a previous measure that was soundly defeated in 2018.

However, the current proposal seeks to deftly exploit the ongoing Covid-19 economic crises notwithstanding the numerous financial and operational hardships already being borne by the landlording community.

Therefore it's vitally important that the landlording community (in all states) recognize these harmful initiatives and the nearly universal long-term counterproductive effects that they have had in practice.

Short term ideological satisfactions rarely ever represent sound, sustainable and responsible policy and this initiative is by no means an exception.

California landlords must coordinate their efforts to soundly defeat PROP 21, and all landlords everywhere should recognize how passage of this provision could ultimately be a precursor for similar misguided initiatives in other states.

Vote NO on CA PROP 21.

Most Popular Reply

User Stats

5,116
Posts
5,171
Votes
Kyle J.
  • Rental Property Investor
  • Northern, CA
5,171
Votes |
5,116
Posts
Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

@Christopher Smith Yep, hopefully the voters of the state will wisely reject this proposition as they did with the last similar one back in 2018.

The California Apartment Association helped lobby against the last one, and they’ve already started gearing up to try to get this one defeated. 

A number of newspapers have also come out against this proposition and are urging their readers to vote against it too:

Santa Rosa Press Democrat joins growing number of papers opposed to Prop 21

Even the Legislative Analyst’s Office, which is a nonpartisan government agency, projects this will be bad for the state:

Legislative Analyst’s Office: Prop 21 would cost ‘tens of millions per year’

Hopefully the voters are paying attention.

Here’s a site with more info on what this new proposition would mean for those of us in this state for anyone interested:

Vote NO on Prop 21

Loading replies...