All Forum Posts by: Susan O.

Dear Assemblymember,

AB1506 is a mistake !!!

I oppose AB 1506 because it will DEVASTATE HOUSING in California!

AB1506 will make us the real estate industry in California back 20 years ago, the situation when the law is a city of rent management, regardless of the new, condo, SFR independent housing, building, Parker, regardless of the guest moved out of the move, can not add rent. Few people invest in industry. At the end. Less cover new park or cross the building.

Later, in 1995, the California Costa-Hawkins Act, the new houses, condo, SFR detached houses and residents rent control voluntarily removed, the owners can decide the rent and City began to fight the phenomenon of robbery.

Costa- Hawkins provides essential protection to independent rental owners and ensures fairness.

Costa-Hawkins has helped ensure Mom and Pop landlords can continue to operate housing!

AB 1506 will deter Investment in rental housing at exactly the wrong time. It will lower investment in housing and will place tens of thousands of future construction jobs in jeopardy. Workers in the housing industry to have JOBS to help SUPPORT many families.

It will lead to even LESS SUPPLY of housing!

Owners who plan to collaborate with new initiatives for supportive housing will lose their fervor in helping to solve homeless issues and will become less likely to participate in local government initiatives.

This will destroy retirees sole source of income!

We need to encourage private rental housing!

When the property taxes & license fees of rental properties keep going up, AB 1506 will put small property owners OUT of Business.

When a tenant voluntarily moves out, Owners should be allowed to adjust to market rent after years of subsidizing tenants.

We need MORE housing. AB1506 will put developers out of business!

Please say NO to AB1506 !!!

 Let's fight rent control and other things that will take away home owner and property owner rights. Fight rent control. Fight AB 1506.

https://www.change.org/p/say-no-to-ab-1506-because...

Sign the petition

AB 1506 will deter Investment in rental housing at exactly the wrong time. It will lower investment in housing and will place tens of thousands of future construction jobs in jeopardy. Workers in the housing industry to have JOBS to help SUPPORT many families.

You can make money and improve neighborhoods in rent controlled markets.  It just ads a big issue to 1 having enough for repairs, expenses 2 currently it's difficult to pay off a big bank loan while doing all these expenses

If you factor the cap on rents into your net you should be OK. 

The thing is we need to be active for property and home owner rights.  Join your local apartment association and learn local laws and current changes.  If you're active in local politics it helps a lot too.  Get together with local landlords and investors like meetups etc.

It is definitely hard to operate and keep up with costs as @Thomas S.

Did a little research

Thanks I didn't know the difference before and got them mixed @Kelly O'Quinn

@Kelly O'QuinnBetter Housing For Long Beach is for Tenants, Home owners, Renters, and the community

Housing Long Beach http://www.housinglb.org/resources/ is for tenants lower rent mainly.  That has a strong lobby from out of the city and an agenda to create new beuracracies like they did in the Bay Area.  In the Bay Area it backfired and big developers came in and tore down all the affordable housing because of the rent control.  Now there's 30% less housing after 15 years of rent control. 

There is a couple lobbyists in Long Beach like Josh Butler who has been trying to create a new city hall bureaucracy.  It will cost tax payers more and really lead to blight.  Essentially he wants to create a 6 figure job for himself and his outside allies.  like Tenants Together

http://www.beyondchron.org/lessons-round-one-costa...

@Sara Soleimani Thanks Sara for the original questions.

 I have family that have lived in Long Beach for 50 years and really contributed to building it up.  They were the original homeowners and landlords that cleaned up streets, did beach and park clean ups, and really got Long Beach to where it is today.  I literally have 20 family members in Long Beach. 

A lot of my friends and family own 2-4 apartments and live in them symbiotically with their tenants.  They keep their rents reasonable and their properties in tip top shape.  I own several houses and duplexes there as well.  They're beautiful Spanish 1920s houses that we spent hundreds of thousands on to fix up from when they were vandalized in the late 90s.

So this is from the Long Beach business Journal:

http://www.lbbizjournal.com/single-post/2016/08/01...

These landlord, home owner groups need to band together to allow property rights in California.

We're not asking for much, Califronia is already a very tenant friendly state.  I'd like to keep housing healthy and affordable but not through these pushy organizations who essentially want to take away our property rights.  We pay taxes and want the absolute best for our properties and communities

 Thanks Kelly and for the link.  We need to do whatever we can to fight off.   I know a lot of home owners who have lived in Long Beach for 30 or more years who would hate rent control or REAP. 

Those programs have lead to blight in Los Angeles.  If you drive through downtown Los Angeles and the areas surrounding it especially East LA, South Central you will see the blight it is SCARY.  All the LAHD properties have peeling paint, thugs and boarded up windows where no one wants to go and people working on their cars in garages.

Home owners and landlords in Long Beach are pushing back.  They don't want the community to have the same issues as Los Angeles

http://www.sfgate.com/politics/article/Santa-Rosa-...

In Santa Rosa Home owners, landlords, and the community are beating rent control, forced inspections on tenants and government intrusion

http://www.latimes.com/business/la-fi-rent-control...

Updates

Rent Control Defeated in Santa Rosa!

http://www.sfgate.com/politics/article/Santa-Rosa-...

 Did you ever figure this out as far as rezoning in Los Angeles did you propose it to the building department?

In Santa Rosa the home owners, landlords got together and fought against rent control and won!

I don't want to invest elsewhere I think California is still good in long run as long as us investors can stand up to new laws.