Monday, November 5, 2018

As Prop. 10 looms, some landlords raise the rent





The Election Day showdown is still days away, but some rental industry experts say a push to expand rent control already is impacting a handful of Bay Area tenants.


Voters on Nov. 6 will weigh in on Proposition 10, which would repeal Costa Hawkins,  a 1995 state law limiting rent control. If passed, the ballot measure would open the door for cities to expand rent control to previously exempt properties — single-family homes, condos and apartments built after 1995. And cities would be allowed to impose vacancy control, which would prohibit landlords from raising rents to market rate after tenants protected by rent control move out.


Read full article @elizabethGkilgore





#Prop10 #economic #landlords #tenants #SanFrancisco #California #luxuryrealestate #realestate #elizabethGkilgore #compass #egk415

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