RSO


Landlords Are Terrified Democrats Could Take Control Over New York

"Victories by the progressive left in last week’s Democratic Party primaries have left the real estate industry reeling, with fears that landlords and developers could lose out if Democrats take complete control of the state government in November. Republicans, who now maintain a narrow majority in the Senate — and until recently with support from a rogue [...]

2018-09-17T15:26:40+00:00September 17th, 2018|Advocacy, Local Updates, National Updates|

Apartment Association Files Lawsuit Against Beverly Hills Over RSO

"Rent stabilization in Beverly Hills, which has led to a contentious debate between landlords and tenants, now faces a legal challenge from a local apartment owner advocacy group. The Apartment Association of Greater Los Angeles filed a lawsuit in U.S. District Court last week arguing that the city’s rental registry, in which landlords have to [...]

2018-09-13T10:28:09+00:00September 13th, 2018|Advocacy, Local Updates, National Updates|

LA County’s Top 5 Multifamily Investment Sales of August

August was a slow month for multifamily sales, at least on the top end of completed sales. The five largest multifamily sales of the month totaled $81.3 million, less than a third of the $297 million in July and less than the $118 million total in June. None of the top sales in August registered above $30 million. [...]

2018-09-11T09:52:46+00:00September 11th, 2018|Advocacy, Local Updates|

AHF’S Weinstein Attempts Another Power Grab

"Not content to simply divert precious health care dollars to fight land use battles, Michael Weinstein, president of the AIDS Healthcare Foundation, has drafted his pet project, Prop. 10, to grant himself autocratic and extraordinary legal powers. Prop. 10, sponsored by AHF, includes a provision that allows cities to impose rent control policies. In [...]

2018-08-30T11:39:23+00:00August 30th, 2018|Advocacy, Local Updates, National Updates|

Prop. 10: Rent Control

"Sponsored by Sheppard Mullin, a full service, global law firm with 750 attorneys. The firm handles corporate and technology matters, high stakes litigation and complex financial transactions. Visit https://www.sheppardmullin.com/. Additional sponsorship by The Stringer Foundation. Vote yes or no on allowing local governments to adopt rent control. This initiative would repeat the Costa-Hawkins Rental Housing Act, the [...]

2018-08-28T15:24:05+00:00August 28th, 2018|Advocacy, Local Updates|

Government’s Review of Residential Tenancy Act Shortsighted

"The public is being asked for feedback on a set of potential amendments to the Residential Tenancy Act, which the Government claims will make life better for renters. The discussion document fails to consider the biggest driver of the country’s renting crisis, which are rampant rent prices. While Auckland Action Against Poverty welcomes the Government's [...]

2018-08-27T15:41:30+00:00August 27th, 2018|Local Updates, National Updates|

Prop. 10 Would Exacerbate California’s Housing Crisis

"Rents in California, especially the Bay Area, are soaring. Decent housing is unaffordable for far too many. But the solution is to build more housing, not restrict rents. That’s why voters should reject Proposition 10 on the Nov. 6 ballot. The initiative would lift state limitations on local rent control laws, allowing cities to impose [...]

2018-08-27T08:33:03+00:00August 27th, 2018|Local Updates, National Updates|

Costa-Hawkins Repeal’s Impact Muted for Mountain View

"Rent control, a political tempest familiar to Mountain View, is set to be a major statewide issue in this November's election. Proposition 10, a ballot initiative that would end the state's restraints on local rent control policies, has thrust the controversial issue back into the spotlight. Specifically, Proposition 10 would repeal the Costa-Hawkins Rental Housing [...]

2018-08-24T09:21:07+00:00August 24th, 2018|Advocacy, Local Updates, National Updates|

Rent Control Harms the People It’s Intended to Help

"If voters across California pass Proposition 10 in November, every homeowner in San Diego with a single-family home, condo or townhouse would be open to local rent control policies. Housing groups are championing the ballot measure, but by repealing the Costa-Hawkins Rental Housing Act, a 1995 state law that limits municipalities’ control over rents, Prop. 10 is poised [...]

2018-08-22T09:13:34+00:00August 22nd, 2018|Advocacy, Local Updates, National Updates|

Huge Risk to Mom and Pop Landlord in California

“We are high school teachers and will retire next year. Our accountant warned, “As California’s pension obligations are badly underfunded, consider an additional revenue source, such as becoming landlords and buying a small, single family home.’ “But friends warned us about owners trying to evict deadbeat tenants who hire law firms which sue the landlord. [...]

2018-08-20T09:05:00+00:00August 20th, 2018|Advocacy, Local Updates, National Updates|