Why to Say NO to Prop 10 in November
This November 6th, we must take decisive action to protect homeownership and private property rights in California by voting NO on Prop 10. If you’re not sure what this bill entails, please read on to see how important the impact of your vote will be.
Proposition 10 is a “NO” from us and anyone concerned about making the California’s housing crisis worse.
Tens of thousands of renters, including seniors and others on fixed incomes, could be forced out of their apartments and communities under Prop 10, which allows wealthy corporate landlords to turn apartments into condos and short-term vacation rentals. It will increase the cost of renting and make it even harder to find affordable housing, as there will be no oversight or guidelines in terms of how landlords select tenants. While Prop 10 will set limits on how much a unit can rent for, it will not establish any income guidelines for tenants. So a landlord will be free to rent to whomever can prove they have the most funds. It’s easy to see how this will harm those for whom the proposition was supposedly designed to help.
Prop 10 will control the regulation of single family homes, allowing government to dictate pricing and how much homeowners can charge to rent out their home (or even a room). It could possibly lead to bureaucrats charging homeowners a fee for taking their home off the rental market when they want to sell it.
New government fees and regulations will give homeowners a huge financial incentive to convert rental properties into more profitable uses like short-term vacation rentals, increasing the cost of existing housing and making it even harder for renters to find an affordable place to live.
Steve White, the President of the California Association of Realtors, says:
“Prop 10 could hurt homeowners by authorizing a new government bureaucracy that can tell homeowners what they can and cannot do with their own private residence. It could make homes more expensive for future buyers and hurt families trying to purchase their first home.”
Read more about Prop 10: https://prop10flaws.com/