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Updated over 4 years ago on . Most recent reply

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Christopher Smith
  • Investor
  • brentwood, CA
729
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1,040
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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.

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Kyle J.
  • Rental Property Investor
  • Northern, CA
5,172
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5,116
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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

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