Prop 33 threatens homeowners' rights and expands rent control, hurting our communities and giving politicians UNCHECKED POWER. Protect property rights – vote NO on 33 this November!
  • calendar_month October 8, 2024
  • folder Updates

As the November ballot approaches, it's important for California homeowners to understand the implications of Proposition 33, a measure that seeks to repeal the Costa-Hawkins Rental Housing Act. This law currently provides significant protections for property owners by:

  • Shielding single-family homes and condos from rent control.
  • Allowing rents to be adjusted to market value when a tenant vacates.

The Potential Impact of Proposition 33

If Proposition 33 is passed, these protections would be removed, potentially leading to several negative consequences:

  1. Expansion of Rent Control: The proposition allows local governments to impose rent control on single-family homes and condos, which could limit homeowner flexibility in setting rental prices.

  2. Empowerment of Unelected Rent Boards: By giving power to unelected boards to enforce strict rent caps, Proposition 33 could decrease property values and reduce incentives for property maintenance and improvements.

  3. Exacerbation of the Housing Crisis: It could make it more difficult for property owners to cover costs, worsening California's housing shortage and potentially driving up rents.

  4. Reduction in Property Values: Imposing rent control measures can lead to decreased property values, affecting homeowners' equity and overall wealth.

Why Voting NO on Proposition 33 is Important

Voting NO on Proposition 33 protects your property rights and helps ensure a thriving housing market. It encourages investment in rental properties and supports balanced housing solutions in California.

Stay informed about the issues at stake and consider the long-term implications of this proposition. Your vote is crucial in shaping the future of the housing industry in our state.

 

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Joshua Trujillo

Joshua Trujillo

JohnHart Real Estate

DRE - 02190072
Direct - 818.314.2001, Office - 818.246.1099

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