The stakes have never been higher for REALTORS® and before you know it, the Nov. 6 election will be here. On the ballot, we will be faced with an initiative that could dramatically improve housing opportunities for millions of Californians (Prop 5) and another that could destroy housing affordability (Prop 10).
Your participation in efforts to PASS Prop 5 and DEFEAT Prop 10 is VITAL. We simply cannot win on these critical ballot measures without the help of REALTORS®. C.A.R. Past President Kevin Brown recently wrote an op-ed about rent control and Costa Hawkins. In the op-ed, Brown writes:
“Over the past 10 years it has been projected that we should have built 180,000 units per year to keep pace with population growth, when in reality we’ve only built an average of 75,000 units per year. To counter these deficiencies, the lack of local government planning and soaring housing costs, a growing number of cities throughout California have adopted measures to control the rent a landlord can charge a tenant and prevent property owners from taking possession of their property unless they pay considerable compensation to tenants. These policies have stigmatized apartments and single-family dwellings.
Enter the combustible world of rent control and real property rights, where the lines between ownership and tenant’s rights have been blurred to such an extent that, in many California cities, the differences are indistinguishable. What started as a local grassroots undertaking to control rents in a few cities over four decades ago has evolved into a movement that now threatens real property rights on a multi-state level.”
You are on the front lines of spreading awareness on both initiatives. Stay informed and bookmark C.A.R.’s landing page for information about Prop 5/ Prop 10. Read up on the initiatives’ Key Facts.
In the coming weeks, we will continue to provide additional tools and resources to share with others.
And, most importantly, VOTE in the Nov. 6, 2018 election!