Real Estate Economic Outlook By Cliff Hockley of SVN/Bluestone

The below information was obtained from SVN’s Economic Outlook dated April 28, 2023.   NMHC Quarterly Survey of Apartment Conditions As of the NMHC’s April 2023 survey, apartment investors across the US continue to report a challenging financing environment, with the availability of both debt and equity continuing to shrink. A majority (51%) of apartment…

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What You Need to Know About the Fair Employment and Housing Act from the State of California

Below are some frequently asked questions about source of income and the Section 8 housing program.   Q:  What is the new law regarding source of income protections? A: California has a law called the Fair Employment and Housing Act (FEHA) that protects people from housing discrimination based on categories including race, color, national origin,…

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Legal Q & A -Dennis Block

Below are questions asked by rental property owners regarding California and Orange County rent control laws, followed by answers provided by eviction attorney Dennis Block.   Question One: My property is in Tustin, California. Do rent increases which exceed 10% require a 90-Day Notice? I served my tenant a 60-Day Notice to increase the rent,…

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“Justice for Renters Act” – Injustice for All!

Here they go again.  There are organizers out there collecting signatures for a California initiative that calls for even stricter residential rent control laws.  This initiative is called the “Justice for Renters Act” and 546,651 signatures must be gathered in six months and then verified to go to the statewide ballot in 2024. According to…

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How Would Vacancy Control Work in the Real World? By Gideon Kramer, SPOSFI News Editor

In 1980, the city of Berkeley passed a comprehensive strict rent control ordinance, “strict” because it included vacancy control. Under vacancy control, city-mandated price controls continue to apply even after a voluntary vacancy occurs. This all changed in 1995 when the Costa-Hawkins Rental Housing Act (AB 1164) became state law, mandating that no local rent control…

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