Say No to AB 1506 because it will DEVASTATE HOUSING in California!
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AB1506 is a mistake !!!
I oppose AB 1506 because it will DEVASTATE HOUSING in California!
AB1506 will make us the real estate industry in California back 20 years ago, the situation when the law is a city of rent management, regardless of the new, condo, SFR independent housing, building, Parker, regardless of the guest moved out of the move, can not add rent. Few people invest in industry. At the end. Less cover new park or cross the building.
Later, in 1995, the California Costa-Hawkins Act, the new houses, condo, SFR detached houses and residents rent control voluntarily removed, the owners can decide the rent and City began to fight the phenomenon of robbery.
Costa- Hawkins provides essential protection to independent rental owners and ensures fairness.
Costa-Hawkins has helped ensure Mom and Pop landlords can continue to operate housing!
AB 1506 will deter Investment in rental housing at exactly the wrong time. It will lower investment in housing and will place tens of thousands of future construction jobs in jeopardy. Workers in the housing industry to have JOBS to help SUPPORT many families.
It will lead to even LESS SUPPLY of housing!
Owners who plan to collaborate with new initiatives for supportive housing will lose their fervor in helping to solve homeless issues and will become less likely to participate in local government initiatives.
This will destroy retirees sole source of income!
We need to encourage private rental housing!
When the property taxes & license fees of rental properties keep going up, AB 1506 will put small property owners OUT of Business.
When a tenant voluntarily moves out, Owners should be allowed to adjust to market rent after years of subsidizing tenants.
We need MORE housing. AB1506 will put developers out of business!
Please say NO to AB1506 !!!
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