Rent control headed for the California ballot, again
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Published 2023-07-28
Supporters of a statewide rent control measure have gathered enough signatures -- more than 600,000 -- to put the issue on the 2024 ballot, California’s Secretary of State announced this week. Voters overwhelmingly rejected similar measures in 2018 and 2020.
The initiative seeks to repeal a nearly three-decades-old state law, the Costa-Hawkins Rental Housing Act, which prohibits cities from placing rent control limits on certain types of residences, namely single-family homes and apartments built after 1995.
Details: ktla.com/news/california/rent-control-headed-for-t…
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All Comments (21)
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We need property tax control.
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They raise the rent every year, one bed apartment 1600 in woodland two more years i won't be able to afford it so i'll yes, my income is not going up
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Stop raising property taxes!!!! Insurance!!!! And other that goes to keep the property!!! Then rent control make sense!!!
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What about property tax increases and water bills of property owners? Not all are wealthy
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My wife just got a new apartment in Monrovia for $1700 a month. That’s still massively expensive IMO but a hell of a good deal considering how nice of a neighborhood Monrovia is.
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At this point, how does it even MATTER?! Unless you're absolutely filthy rich, there just ain't no possible way to "live". Existence is all it is now. And that is NOT enough to make all of this worth it. Why even get up in the morning anymore? SERIOUSLY, WHAT IS THE POINT?!?! Without coin, you ain't sheet.
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More control means less rental availability.
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Rent control is ridiculous it is supply and demand if someone doesn't want to pay rent by your own house don't try to steal someone else's why should someone rent you their house for $500 if someone else is willing to pay $5,000 would you sell your car for 500 if someone's willing to pay $5,000 why do people think they should get their rent for free stop buying your $10 Starbucks learn to manage your budget and get your priorities straight
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With high inflation, maintenance and service cost going through the roof, new parcel taxes, prop 19, rent moratoriums, excessive building fees... it's too risky and not worthwhile to build and be a landlord.
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If they want fewer apartments then rent control is the way to go. If a property owner can't charge what they need to to make an acceptable profit, they'll take the property off the market to live in it themselves, or sell it, or just convert it to a condo, but not take a loss on a rental.
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Boohoo landlords wouldn't be able to charge full market value!
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I wish they’d implement HOA fee control.
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But if fair market value they wont go down on the right, right? There should be some laws and controls
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This will help Blackrock
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Fair market value is $3000 for a house payment right now. That harley seems Fair!! To Be market value!!!! The Rental market is out of control as well.
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How about instead of rent the tenants just pay the mortgage the property taxes the insurance which has gone up 400% in California the last few months due to all the insurance companies leaving the utilities which are about 250 a month the water bill which is about 100 a month how about just pay all that instead and do your own repairs
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Enough with the rich buying all the properties to rent out
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Landlords and NIMBYs are going to throw a tantrum. It's not going to pass.
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greed will always be the downfall of everything
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No. Absolutely no. This is not and has never been a fix to the problem.
