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California Apartment Landlords Dump Properties Ahead of Rent Control Vote

By Patrick following x   2018 May 17, 8:24pm 700 views   9 comments   watch   sfw   quote     share    


http://www.cetusnews.com/business/California-Apartment-Landlords-Dump-Properties-Ahead-of-Rent-Control-Vote-.HJN0Y5_RG.html

“These renter groups are starting to speak out and say, ‘These rents are ridiculous.’ They’ve gotten more organized than they ever have been,” he said. “I started getting a little freaked out or a little scared or concerned [that] this could really happen.”

In late April, a coalition of housing advocates said they submitted some 595,000 signatures, more than enough to get a measure on the ballot in November to repeal Costa Hawkins, state legislation that prevents cities and towns from imposing rent control on buildings constructed after 1995 and on single-family rentals.

Both sides are gearing up for a fight and are expected to spend tens of millions of dollars on campaigning.

In Santa Monica, the number of properties on the market is at the highest level in 20 years, according to Tony Solomon, a first vice president at Marcus & Millichap based in southern California. Mr. Solomon said there are 90 properties on the market, about 80% more than normal.
1   APOCALYPSEFUCKisShostikovitch   ignore (34)   2018 May 18, 12:22am   ↑ like (3)   ↓ dislike (0)   quote   flag        

IF they signed something with their own name they can be hunted down and terminated.

FREEDOM! is all you need.
2   monkframe   ignore (0)   2018 May 18, 7:17am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Good deal. There needs to be some limits to the greed that is everywhere.
3   just_dregalicious   ignore (0)   2018 May 18, 8:58am   ↑ like (0)   ↓ dislike (0)   quote   flag        

This means nobody will want to build apartments as well.
4   Strategist   ignore (3)   2018 May 18, 9:43am   ↑ like (3)   ↓ dislike (0)   quote   flag        

monkframe says
Good deal. There needs to be some limits to the greed that is everywhere.

The greed is......I want to live in an area I cannot afford, and I want someone else to pay for it.

just_passing_through says
This means nobody will want to build apartments as well.

Perfect way to create even higher rents in the future. Who cares as long as the votes come in.
5   SunnyvaleCA   ignore (0)   2018 May 18, 10:30am   ↑ like (0)   ↓ dislike (0)   quote   flag        

just_passing_through says
This means nobody will want to build apartments as well.


Not only will this stifle future construction, it will stifle upkeep, maintenance, and improvements to the existing buildings as well. i.e.: no new building and let the existing rental stock decay
6   lostand confused   ignore (0)   2018 May 18, 10:33am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Strategist says
The greed is......I want to live in an area I cannot afford, and I want someone else to pay for it

Yup they can move to Michigan . I moved away from CA-gee I should have organized a petition to make a Malibu beach house mansion to be rented to me for 500 bucks a month.
7   MbS   ignore (3)   2018 May 18, 10:34am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Soo, if apartments being dumped en masse, are the prices plummeting yet?
8   MbS   ignore (3)   2018 May 18, 10:34am   ↑ like (1)   ↓ dislike (0)   quote   flag        

lostand confused says
Strategist says
The greed is......I want to live in an area I cannot afford, and I want someone else to pay for it

Yup they can move to Michigan . I moved away from CA-gee I should have organized a petition to make a Malibu beach house mansion to be rented to me for 500 bucks a month.


Yep, having that beach view from your living room is a FUCKING HUMAN RIGHT!!!!




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