May we take a couple of minutes of your time to share about two initiatives on the November ballot?
Prop 5 and Prop 10 could dramatically affect housing opportunities, private property rights and the availability of affordable housing.
First, Prop 5, an initiative that will allow seniors (55 and over), the disabled and victims of natural disasters, to move to a home better suited to their needs without facing drastically higher property taxes.
Seniors often live in homes that no longer meet their needs because they are too big or too far from family. If these seniors want to downsize or move closer to their children, they could face a doubling or tripling of their property taxes, or what’s being called a moving penalty, and making the move unaffordable.
A YES Vote on PROP 5 would provide relief by allowing those seniors to transfer their current property tax base to a new home regardless of the county, the purchase price, or the number of moves.
Second, Prop 10, the so-called “Affordable Housing Act,” that would actually make the housing crisis worse by repealing the long standing Costa-Hawkins Rental Housing Act, eventually allowing local governments to impose harsh and severe rent control measures.
Here’s why we recommend a NO Vote on Prop 10:
Prop 10 will…
1) Reduce availability of affordable and middle-class housing.
2) Drive up rents.
3) Discourage new construction, reducing availability of affordable housing.
4) Increase the cost of existing rental housing.
5) Repeal current protections for homeowners and allow the government to dictate pricing, & control how much owners can ask for renting their home or even a room.
Thank you for your time and the opportunity to be of service to you,