PROP. 33 IS A DEEPLY FLAWED SCHEME THAT WILL INCREASE HOUSING COSTS AND BLOCK AFFORDABLE HOUSING!

Here’s why you should vote NO on Prop. 33:

1. NOT WHAT IT SEEMS:  PROP. 33 IS A TROJAN HORSE THAT OVERTURNS STATE AFFORDABLE HOUSING LAWS

Prop. 33 is misleading.  The measure would effectively overturn more than 100 state housing laws, including laws making it easier to build affordable housing, as well as housing and tenant eviction protections.  It would also strip the Attorney General of the ability to enforce housing laws. It’s why one of the state’s most notorious corporate “slumlords” is bankrolling Prop. 33.

2. FUNDED BY A NOTORIOUS SLUMLORD

Prop. 33 was written and bankrolled by Corporate CEO Michael Weinstein of AIDS Healthcare Foundation.  The Los Angeles Times describes Weinstein as a “slumlord” with a long record of health and safety violations and unfair evictions. State housing regulators cited his residents living in “squalid conditions, exposed to roach and bed bug infestations.”

3. WORSENS HOUSING CRISIS

Economists and housing experts at Stanford and UC Berkeley say Prop. 33 will make California’s housing crisis significantly worse by reducing the construction of new affordable housing. Prop. 33 would make it harder to become a homeowner or find a place to rent, driving up costs for renters and home buyers.

4. ELIMINATES HOMEOWNER PROTECTIONS

Prop. 33 takes away basic protections for homeowners and allows bureaucrats, politicians, and regulators to tell single-family homeowners how much they can charge to rent out a single room.  Millions of homeowners will be treated just like corporate landlords and subject to regulations and price controls enacted by unelected boards.

5. REPEALS RENTER PROTECTIONS

Prop. 33 eliminates the strongest statewide rent control law in the nation signed by Governor Newsom and has no protections for renters.

6. REDUCES HOME VALUES UP TO 25%

Non-partisan researchers at MIT estimate extreme rent control measures like this result in an average reduction in home values up to 25%.  Californians can’t afford to take another hit with the economic collapse threatening their home values and life savings.

7.  OFFERS NO PROTECTIONS FOR SENIORS, VETERANS OR THE DISABLED

Prop. 33 has no protections for seniors, veterans or the disabled. Veterans, seniors, and social justice organizations agree it’s the last thing we need right now.

 8. OPPOSED BY A BROAD BIPARTISAN COALITION

Democrats and Republicans agree Prop. 33 will make the housing crisis worse. Opponents include: California Small Business Association * California Senior Alliance * California Council of Carpenters * California YIMBY * California Chamber of Commerce * Senate President Pro Tem Emeritus Toni Atkins * Democratic Assemblymember Buffy Wicks * Marine Corp Veterans Association

DEMAND REAL HOUSING SOLUTIONS:  We should Vote “NO” on Prop. 33 and demand real solutions.

(The above was submitted by:  Ken Rosen, Economics Professor Emeritus, UC Berkeley, Jenna Abbott, Executive Director, California Council for Affordable Housing, and Kendra Moss, Advisory Member, Women Veterans Alliance)

In Addition, if Passed, Prop. 33 Could Put a Hole in Your Net Worth!

• You could lose the right to set rents on vacant units!  Cities and counties could pass vacancy controls which would prevent you from adjusting rents to a fair market price after a tenant moves out.  Your property values would decline!
• Rent control (tenant welfare) could be required for properties currently exempt, including single-family homes and ADUs.

THE REAL QUESTION IS – WHAT ARE YOU DOING TO HELP STOP THE DESTRUCTION  OF YOUR PROPERTY?

How You Can Stop This “Highway Robbery”

Well, none of us want to lose our freedom, property rights, and our income. So … the only way we can once again beat this anti-Costa-Hawkins bill is to do what successful politicians do to get elected: they spend millions of dollars on advertising. And AOA, in addition to many other organizations, is once again advertising.  Last time our industry defeated these guys, it took over 80 million dollars, in addition to a lot of hard work!

In order to stop this nonsense that they are trying to pass AND save your property rights, we must all join together, step up, and do our part!

Folks, we’re relying on you to join together NOW.

Please Dig Deep Now!

Winning this political battle is so important to you and your financial well-being that we are asking you to make a non-tax deductible donation of at least $1,000 or $100 for every unit you own if you own more than ten (10) units.  Idea: If you run a property management company, you could ask each one of your clients to make a donation and you could cut checks from their accounts. This could really be a big help to protect the values of your and their properties!

Additional Work Needed

We have more great opportunities with advertising promotions that are needed to win and will cost us more than we currently have in the bank.  So…we also need your additional financial support.  Please use the information at the end of this email and donate as much as possible for more and different promotions.

“SPECIAL NOTICE”

You may be one of the many owners who could and should be investing much more in this campaign to protect our free enterprise system and your millions of dollars in property values. A $10,000 to $100,000 donation will go a long way to win this battle and could be one of your best investments of 2024!  Feel free to call me, Jeff Faller, President of AOA, at (213) 872-3848 to discuss what we are doing to win. This goes for all owners who donate any amount. Call me today! (You may even want to sponsor a billboard sign or two that cost approximately 

$8,000 to $20,000 for a one-month period depending on location)

PLEASE DONATE ALL YOU CAN NOW! Come on!  Join together with other housing providers NOW and the more you give, the more likely you will keep your apartments profitable. Please go to www.AOAUSA.COM/PAC to donate online and/or fill out the form below to send your check to AOA PAC, 6445 Sepulveda Blvd, Suite 300, Van Nuys, CA  91411.  AOA thanks you for all you do; your spouse and kids will really thank you!

Dedicated to your prosperity, Jeff.