With Prop 33 voters could give counties and cities more power to limit rent increases. Should they?
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- Опубликовано: 30 сен 2024
- California voters will decide in November whether to give cities and counties more power to limit rent increases.
KPBS reporter Katie Hyson looked into the support and opposition to the ballot measure.
Personally, I think the rent control is besides the point
Price fixing is going on - this is happening in AZ but why isn't it being addressed in CA?!?
Look whose funding the campaigns. The one opposing this prob have raised more than 2x the money and is funded by millionaire real estate and property management firms
Property taxes are far worse of an issue. Alot of retirees on fixed social security income get priced out because they can't afford the new reassessed property taxes to market value and market value is VERY high right now due to lack of supply thanks to zoning
Someone has to pay for the migrants
In CA, there is Prop 13. It caps property tax rates at max 2% increase a year.
10% increased a year it’s still
Too much
This is because property taxes, insurance, association fees & maintenance are increasing every year. Landlords don’t have a choice
@@svetlanaklinova4876says the landlord lol
@@nullcat-pub And? What is the problem with being a landlord? Perhaps you forgot, but in this country, almost everyone is an immigrant or a child of immigrants. And everyone has experience living in rented property. The only difference between you and me is that my American dream came true, whereas yours is in progress.
The wealthy gangster landlords hate Proposition 33 because it benefits regular working people and hurts them. Vote yes on Proposition 33!
Rent control does not work.
You should look into what happened in Santa Monica. The landlords gave up on the buildings the they became Section 8 or slums. Eventually the apartments were sold to developers. Now condos and hotels stand in their place.
Im just worried this will backfire.
@@socalrefrigeration548 This sounds like gangster landlord lies to me. That would only happen if the city politicians let the gangsters get away with it by not forcing them to do proper maintenance.
@@dead_panda6864 The corporate gangsters will try and buy off the local politicians to make it fail. It's up to working people to stop that.
10% a year is still way too much!
My husband and I are mom-and-pop landlords of one single condo. We'd never raise the rent on a good tenant unless we need to. I wish there were more landlords like us. We support the proposition, actually. People need to live!
If what you say is true, then you are not the problem. But there is a problem, and it's huge. This won't solve it, but it will help.
Nice landlord
So you like the government telling you what to charge for rent? What if tomorrow you are told to reduce your rent by 50%, would you do it? The government needs to stay out of our business. If people want lower rent, the government needs to stop over regulating and taxing business!
Why should people go in freaking debt just to live... you should only be paying 1/3 of your income for a roof over your head.This is insane.😮
The shelter is free.
Next they will limit what price you can sell your house for.
Regulations to prevent exorbitant price-gouging to levels well beyond fair-market rates exists in multiple industries. We're long overdue in finally applying those kind of regulations towards basic affordable housing. Landlords still generate profit, just not at hyper-inflated rates of return that evict anyone who's not rich yet.
Next they will not allow to sale someone else besides gvnmt considered company that will give the minimum price only. Welcome to su volume 2
@@svetlanaklinova4876 No, buying and selling property between private owners is fundamental to economics in USA. That will always be the case until there's a complely new nation on this land and we're centuries away from that.
@@Red_Black_Key As you know, recently, newsom gifted us with another pile of new laws, so we have to be prepared for any situation, even the nonsense one
The main issue is the permanent vouchers the state gives. The vouchers are driving up rents. They are given for more than the going rent to entice landlords to rent to dependent people!
10.% a year is a lot tbh
Rent control doesn't work. Solution is build more units, LOTS more units.
Yes it does. It works great! Don't buy the propaganda of the rich.
Yes, if rent control worked, NYC, Berkeley, and Santa Monica would be affordable places to live and they aren't. The housing market only decouples from wages and income when the supply is artificially constrained by government policies.
Then who would live in those units if people can barely afford the current rent prices of units.
@@acoco251 They don't, they move out or apply for section 8. The best way to lower housing prices in general is simply to get the fuck rid of zoning regulations and ALLOW more housing development but no, your government doesn't want that. They want more property tax revenue duh
@acoco251 When there is no longer a shortage, the prices stabilize. If there is a surplus some will rent at below marginal cost to recoup some investment.
Why are we discussing rent control and not for the reason the prices are so high?
Rent reflects high inflation, property tax, insurance and labor cost of repair. That's the real culprit.
And the cost added by NIMBYs weaponizing CEQA. Texas doesn't have rent control and their population grew while California's shrunk and their housing remained more affordable because they build twice as many home every year than California despite having 9 million fewer people.
Immigration is the main reason.
How about focusing on building property. Rent control when the supply is already below standards.
Is there something on Fastfood prices?
Risen well over 50% on the past year.
Goodtime to stop eating fast food. Too many chemicals.
Everything in California is expensive, but I wouldn’t live anywhere else. I love this State. 💙
Hate to break it to you but there’s a bigger world out there. California is a shitty state. Yes I live in SF.
So from what i can tell the only ones opposing are Literal landlords, whether Commercial or Private.
Recall Newsom again and vote these democrats out of office.
Wouldn’t less apartment being build if this prop pass?
Yes FK. Landlords
Description: Jealousy not hardworking!
It's mind boggling.
In the richest country, in the richest state, even working people can barely afford to rent a place for normal living. How did this happen?
Immigration. it is the main cause of the wealth divide. Immigration make the rich richer and the poor poorer.
How greedy are the landlords. They prefer to leave units vacant instead of keeping the prices controlled. Landlords shouldn't exist! Get a real job,
Another stupid idea from California
Rent control won’t work. BUT, the latest lawsuit against rent algorithm is very good. Gotta get rid of the price collusion.
F landlords
CA is in crisis, VOTE THEM OUT
No, because it Will effect cost of houses
This can be a good and bad thing
Why would owners take apartments off the market? This makes no sense.
The claim is that landlords will leave the market? So those apartments will be for sale? Great. I'm sure a lot of tenants will buy them. Smaller landlords will
Exactly! It would be great if they opened up apartment housing to people who want to buy.
Abolish property taxes prop 34!!!!
@@willieverusethis Actually, the owners would like to turn them into condos but the activist advocates fight it.
It has been happening in NYC. The rent increases aren't enough to maintain habitability and rehab units between tenants.
No. Big developers will. They will turn that apartment complex into condos or mow the whole thing down and make townhomes.
Vote No
No rent control. Less construction regulations and allow the builders to develop.
You must be a developer.
@@willieverusethis you make that sound like a bad thing. No, im not a developer. It's supply and demand. More apartment units will stabilize prices. The only thing i can build is a tent. And i hope it doesn't come down to that.
WE HAVE A BUNCH OF VACNT HOMES IN CALIFORNIA IN THE U.S FOR THAT MATTER, WE HAVE MORE VACANT HOMES THEN HOMELESS AND THAT A FACT. WHAT WE NEED IS PRIVATE COMPANIES TO STOP BUYING HOMES FOR PROFIT
@h_3_x_ interfering with a free market is part of the problem. Rules, permits, bureaucracy, and restrictions cause a shortage in homes and drive prices up.. Builders can't build enough, and that creates a situation where investors buy up limited supply causing prices to go higher. Take a look at Austin, Tx. Inventory is high, because builders don't have as many regulations, prices are dropping like a rock, and investors are leaving those markets alone.
@@willieverusethis Price controls have been failing for 40 centuries. The housing market only decouples from wages and income when supply is artificially constrained by government policies.
Rent control never works. SF and NY have rent control, and they have the highest rents in the nation, and builders won't build low income housing!
Builders only care about $.
Great idea. More rent control, make the housing situation worse. Go Gavin!!
Abolish property taxes, prop 34!!
President Trump’s 2018 budget could allow the Department of Housing and Urban Development (HUD) to raise rents on up to 4 million low-income households that receive federal rental assistance, with some of the largest increases falling on families and individuals that struggle the most to afford housing. The Administration claims that raising rents on poor families, seniors, and people with disabilities struggling to keep a roof over their heads is necessary to reduce federal costs, even as it proposes very large tax for the rich and big corporations
There's a shut off under the sink, if it was your house you would have turned it off or ran to the street and shut that off. There are clauses for not mitigating damage, that sounds like why your evicted. It costs tens of thousands to fix that damage, now you want rent control.
I will vote no even though I am not a landlord. We need to have a balance of power between landlords (small mom and pop) and tenants. I see more tenants taking advantage of small landlords.
You're either a liar or a bot.
@@jt6231 Oh really, where do you see this?