California Housing Providers Face Another Cost Squeeze California housing providers are no strangers to rising costs and restrictive regulations. Between tightening rent control laws, escalating insurance premiums, labor shortages, and inflationary pressures, running a rental housing business has become increasingly difficult. Now, a new wave of federal tariffs threatens to make things even worse—driving up…
Rent control in California has been a cornerstone of housing policy, aimed at reducing the impact of rising rents and preventing homelessness in some of the nation’s most expensive cities. However, the policy in practice has caused the exact opposite of its original goals. Rent control’s actual effect is a decrease in housing supply, less…
“When one thinks of America’s greatest strengths, the kind of assets the world looks at with admiration and envy, America’s elite universities would long have been at the top of that list. But the American public has been losing faith in these universities for good reason.” This was the opening to Fareed Zakaria’s CNN show…
A recent study out of Northwestern University found that San Francisco’s rent control policies have managed to release a wave of, yes, more frequent evictions. Progressives are gawking and puzzling through the irony, but Jennifer Liu—Business and Housing Network’s (BAHN) president—isn’t all that shocked. Liu’s Opp Now exclusive (perspective below) on why CA’s restrictive housing…
The below is an email that was sent to the Burbank City Council members by John M. Gerro of Gerro and Gerro, Attorneys at Law in regards to “the direction of Burbank regarding an appropriate stand for property rights and the economic impact of proposed ordinances, statues, rules and other property regulations that may be…
Bomb damage or rent control? That was the caption under this picture in a 1981 book about rent control across the world. Looking at the photo, it’s impossible to tell the difference. Almost 40 years later, the story hasn’t changed: outside of wars and natural disasters, rent control is the single most effective destroyer of property and property…
The City of Santa Ana has adopted a Rent Stabilization Ordinance effective November 19, 2021. The City’s Rent Stabilization Ordinance (RSO) is a local law that limits rent increases to the lower of 3% per year, or 80% of the percent change in the Consumer Price Index over the most recent 12-month period for certain residential…
The California legislature recently: 1) enacted its first ever statewide rent increase cap; and 2) now requires landlords to provide “just cause” for evictions. AB 1482 – The “Tenant Protection Act of 2019” became effective January 1, 2020 and remains in effect until at least January 1, 2030. It impacts at least 8 million renters…
You know how we’re always having to explain San Francisco’s rent control to out-of-state visitors? Well, if New York’s Congressional Representative Alexandria Ocasio-Cortez (“AOC”) has her way, we won’t have to do that anymore, because every state in the nation will have rent control. The Congresswoman’s ambitious, anti-poverty bill, “A Just Society,” aims, in her…
One would think that if it’s the job of an Assemblyman to write a bill that impacts an entire state, then it would be done correctly the first time! Apparently, Mr. Chiu, the author of “Tenant Welfare” 1482, has created a lot of confusion throughout the state by writing one thing into law while meaning another in the case of CPI calculation.