Proposition 10 on November 2018 Ballot

12 Replies | San Diego, California

"Supporters of a state ballot initiative to expand rent control options for cities across California announced Monday they had gathered enough signatures to qualify the measure for the November 2018 ballot.

If passed, the measure would repeal the 1995 Costa Hawkins Rental Housing Act, which sets limits on the kind of rent control policies cities are able to impose. Right now, 15 California cities have rent control policies. In the LA area, that includes the cities of Los Angeles, West Hollywood, and Santa Monica.... " 

https://la.curbed.com/2018/1/12/16883276/rent-cont...  

If passed, do you think this could potentially encourage San Diego authorities to impose rent control regulations?

Does anyone know what's the view of San Diego's current elected officials on rent control regs? 

Originally posted by @Olena M. :

"Supporters of a state ballot initiative to expand rent control options for cities across California announced Monday they had gathered enough signatures to qualify the measure for the November 2018 ballot.

If passed, the measure would repeal the 1995 Costa Hawkins Rental Housing Act, which sets limits on the kind of rent control policies cities are able to impose. Right now, 15 California cities have rent control policies. In the LA area, that includes the cities of Los Angeles, West Hollywood, and Santa Monica.... " 

https://la.curbed.com/2018/1/12/16883276/rent-cont...  

If passed, do you think this could potentially encourage San Diego authorities to impose rent control regulations?

Does anyone know what's the view of San Diego's current elected officials on rent control regs? 

 No.  Here is my thinking.  Contra Hawkins limits properties that can have rent control applied but did not protect all units from rent control.  And yet the only rent control I am aware of in San Diego are in mobile parks that were purchased from municipalities with rent control in the purchase agreement.  In other words, the politicians have not applied rent control where they currently could have.  So why would anyone think that if they could apply it to more units anything would change?

In addition, unlike the STRs, there has been little significant push for rent control.  Maybe our politicians can see the result of rent control.  Regardless there has not been a significant push for the rent control. 

Absolutely Yes on rent control. It is already on the November ballot in National City and is expected to pass due to their 60% renter population. The potential repeal of Costa Hawkins is very bad for our industry. Many experts on this topic do not believe Prop 10 will actually pass this time around but will continue to be brought up in the future. PM me if you have any other questions or want to know ways to donate. 

Proposition 10 will make California’s housing crisis worse.  Here is info from the California Apartment Association that can be found at www.noprop10.org

PROP 10 REPEALS A HOUSING LAW WITH NO SOLUTION.

  • Prop 10 is the wrong approach to our state’s housing crisis. It repeals an important California rental housing law with no replacement and no plan to address affordable and middle-class housing or deal with the problem of increasing homelessness on our streets.

PROP 10 WILL REDUCE AFFORDABLE AND MIDDLE-CLASS HOUSING.

  • Independent academic experts from Stanford, UC Berkeley and the USC all agree these policies will discourage new construction and reduce availability of affordable and middle-class housing – and drive up rents for many Californians.

PROP 10 WILL DRIVE UP RENTAL PRICES.

  • Prop 10 will cause property owners to take rental units off the market in favor of vacation listing services like AirBnB, which means more AirBnBs in our communities and less affordable housing for renters – further driving up housing costs.

PROP 10 WILL ELIMINATE HOMEOWNER PROTECTIONS.

  • Prop 10 eliminates protections for homeowners and allows regulators to tell single-family homeowners how much they can charge to rent out a single room in their homes. Homeowners will be subject to regulations and price controls enacted by unelected boards.

PROP 10 WILL STICK TAXPAYERS WITH LEGAL BILLS.

  • Prop 10 contains a hidden loophole requiring taxpayers to pay the initiative supporters’ legal bills for participating in certain lawsuits, even if they lose and even if their position is frivolous. This blank check benefits lawyers and puts taxpayers on the hook for limitless legal bills.

PROP 10 WILL REDUCE HOME VALUES.

  • The policies authorized by this initiative have been shown to reduce property values by more than 10%, according to MIT researchers, and significantly restricts what single-family homeowners can do with their homes. The average California homeowner could lose $39,000 in the value of his or her home if this initiative passes.

PROP 10 IS OPPOSED BY A BROAD, BIPARTISAN COALITION.

  • Prop 10 is opposed by Veterans of Foreign Wars, Dept. of California, the California Council for Affordable Housing, Leading Age California, California NAACP, both gubernatorial candidates, Democrat Gavin Newsom and Republican John Cox, and dozens of other organizations who agree this initiative will make our housing crisis worse.

a twist were prop 10 to pass is rattling santa monica city council and likely other cities to come

http://smdp.com/council-to-consider-unprecedented-rent-control-initiative-to-avoid-catastrophe/167713

Rent control is probably the only single issue that all economists on both the left and right will agree simply doesn't not work. All you need to do it look at the Bay Area and tell me what exactly has rent control done to help people stay in their homes? Highest rents in the country by far, lack of incentive to build more units, and landlords who refuse to maintain their rent controlled units. Rent control has vast negative effects not only on us as real estate investors but on tenants as well.

Democrats accumulating more and more power in California as the demographics continue to shift wildly in their favor means rent control is absolutely inevitable in coastal areas of Southern California. That's not even a political statement or an attempt to flame anyone on either side of the aisle; it's a simple fact. Dems have made "income inequality" and "the 1%" their bad guys, and rent control is an easy way to pander to their base. 

Rent control IS coming. Period.

Thanks this is a sort of power grab by politicians.  It's not about creating more housing...

https://www.prnewswire.com/news-releases/no-on-10-...

Make sure to VOTE NO as it just creates more beurecracy and red tape and fees for renting and makes doing business almost impossible for landlords and even single family home owners-- 

\NO ON 10

More info on NO ON 10

http://savecostahawkins.org/

We have to do all we can in California to vote no on 10.  www.noprop10.org/‎

https://caanet.org/caa-warns-that-prop-10-would-ca...

California apartment association is fighting it.  No on costa-hawkins repeal

It can affect sinle family home owners prices, negatively impact neighborhoods and communities, rent control on private homes, condos, townhomes, statewide rent control could be in future if we don't fight it.

Originally posted by @Jose Linares :

Proposition 10 will make California’s housing crisis worse.  Here is info from the California Apartment Association that can be found at www.noprop10.org

PROP 10 REPEALS A HOUSING LAW WITH NO SOLUTION.

  • Prop 10 is the wrong approach to our state’s housing crisis. It repeals an important California rental housing law with no replacement and no plan to address affordable and middle-class housing or deal with the problem of increasing homelessness on our streets.

PROP 10 WILL REDUCE AFFORDABLE AND MIDDLE-CLASS HOUSING.

  • Independent academic experts from Stanford, UC Berkeley and the USC all agree these policies will discourage new construction and reduce availability of affordable and middle-class housing – and drive up rents for many Californians.

PROP 10 WILL DRIVE UP RENTAL PRICES.

  • Prop 10 will cause property owners to take rental units off the market in favor of vacation listing services like AirBnB, which means more AirBnBs in our communities and less affordable housing for renters – further driving up housing costs.

PROP 10 WILL ELIMINATE HOMEOWNER PROTECTIONS.

  • Prop 10 eliminates protections for homeowners and allows regulators to tell single-family homeowners how much they can charge to rent out a single room in their homes. Homeowners will be subject to regulations and price controls enacted by unelected boards.

PROP 10 WILL STICK TAXPAYERS WITH LEGAL BILLS.

  • Prop 10 contains a hidden loophole requiring taxpayers to pay the initiative supporters’ legal bills for participating in certain lawsuits, even if they lose and even if their position is frivolous. This blank check benefits lawyers and puts taxpayers on the hook for limitless legal bills.

PROP 10 WILL REDUCE HOME VALUES.

  • The policies authorized by this initiative have been shown to reduce property values by more than 10%, according to MIT researchers, and significantly restricts what single-family homeowners can do with their homes. The average California homeowner could lose $39,000 in the value of his or her home if this initiative passes.

PROP 10 IS OPPOSED BY A BROAD, BIPARTISAN COALITION.

  • Prop 10 is opposed by Veterans of Foreign Wars, Dept. of California, the California Council for Affordable Housing, Leading Age California, California NAACP, both gubernatorial candidates, Democrat Gavin Newsom and Republican John Cox, and dozens of other organizations who agree this initiative will make our housing crisis worse.