On January 11, 2018, the California legislature will be voting to repeal the Costa-Hawkins Rental Housing Act.
If Costa-Hawkins is repealed, all California cities will be authorized to permanently control the rent of your properties.
AB 1506 (Bloom, Santa Monica) repeals Costa-Hawkins. If approved by the Assembly Housing Committee on January 11th, local governments will have the power to control rents at the time of vacancy.
In other words, so-called “vacancy de-control” will be eliminated by AB 1506 leaving owners with no rights to reset rental rates to market when a unit becomes vacant.
Further, if AB 1506 is approved, local governments could impose rent control on new construction, single family homes and condominiums.
ALL Rental property owners must act now.
If you are thinking of getting into the rental game you better call or email now as well.
Raise your voice and speak out against this outrageous and targeted attack against rental housing providers and the right to control your investment.
Please call or email and let your elected officials know how you feel.
I can't post emails or tel #'s, sorry!
Assemblymember Chiu (Chair)
Assemblymember Steinorth (Vice Chair)
Use sample letter below, OK to cut and paste.
VOTE NO on AB 1506
As a property owner and landlord I can see the problems California faces with the housing shortage and high rents.
I can also assure you rent control is not the answer to our housing shortage or high rents.
If the Costa Hawkins Act is repealed it will have a chilling effect on development and new multi-unit construction will come to a screeching halt, thus leaving the state in an even more precarious situation.
The repeal will not create a single new unit and is not an affordable mechanism.
It is not a solution to the problems the State is facing.
There are more people than available units and we need more housing, not less. Price Control policies have been proven failures and will be counter productive to our shared goals.
We need good policy!
Vote no on AB 1506.
Look at this communists propaganda
@Julia Fergo Um...yeah. Pretty lame propaganda.
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