How are you voting on Prop 10 regarding rent control? (Oakland: house, transfer)

[NewbieHere]

Originally Posted by CA4Now

Read the proposition. The Costa-Hawkins Rental Housing Act, enacted in 1995, restricts cities’ ability to enact or expand rent control. State lawmakers make the decision. That's why this proposition is on the ballot: to overturn Costa-Hawkins and give those decisions to the cities.

Nonsense. I own a rental house. I’ve received notice that I have to pay fees from now on for the city to review my rent, if I raise rent more than 5%. It was enacted recently. If that’s not a form of rent control, then what is.

[Ultrarunner]

Originally Posted by CA4Now

Prop 10 will not establish rent controls anywhere.

What a "yes" vote on Prop 10 does is restore local control of key housing decisions. If it passes, it will be up to local voters to decide what kind of regulations of rents they want, if they want any at all. Only then it will be the decision of those voters to adopt rent controls, or not. Period.

There was a time when schools were local control with local tax dollars and the Serrano Decision changed that to the State...

Costa Hawkins is State Wide with some Grandfathered exceptions and now those backing Prop 10 see this as a bad thing?

[jm1982]

Originally Posted by NewbieHere

Nonsense. I own a rental house. I’ve received notice that I have to pay fees from now on for the city to review my rent, if I raise rent more than 5%. It was enacted recently. If that’s not a form of rent control, then what is.

So what happens if your utilities , gardener , maintaince people , etc go up more than 5%?

It’s the reality of things like this that these radicals don’t take into account .

[Ultrarunner]

What if your taxes go up more than 5% which is easy with ballot measures?

What if you need a new roof and the building department says no more shake so you must strip the roof and then put down sheathing etc... a 1700 square foot home with 40 year comp and permits is 28k... or exactly what the house/land cost new...

I still say lots of 1-4 properties are going to go owner occupied... that is my prediction.

[jm1982]

Originally Posted by Ultrarunner

What if your taxes go up more than 5% which is easy with ballot measures?

What if you need a new roof and the building department says no more shake so you must strip the roof and then put down sheathing etc... a 1700 square foot home with 40 year comp and permits is 28k... or exactly what the house/land cost new...

I still say lots of 1-4 properties are going to go owner occupied... that is my prediction.

Yeah there are so many variables and possibly expenses with owning property . Cap ex can really kill cash flow and that is something a lot of people don’t think about .

I could see 1-4 more going owner occupied but wondering how that would work .
Someone owns a 4 plea for example . The landlord is just going to take over the whole space ?
Or do you mean selling the property to say a family that is going to owner occupy it .

I know right now if you buy a 2-4 unit in L.A you can occupy one of the units owner occupied for yourself or I believe a close family member but you do still have to pay a relocation fee to the tenant .

[expatCA]

Originally Posted by jm1982

Yeah there are so many variables and possibly expenses with owning property . Cap ex can really kill cash flow and that is something a lot of people don’t think about .

I could see 1-4 more going owner occupied but wondering how that would work .
Someone owns a 4 plea for example . The landlord is just going to take over the whole space ?
Or do you mean selling the property to say a family that is going to owner occupy it .

I know right now if you buy a 2-4 unit in L.A you can occupy one of the units owner occupied for yourself or I believe a close family member but you do still have to pay a relocation fee to the tenant .

Maybe say it is now a Condo and each unit is for sale?

[Ultrarunner]

Originally Posted by jm1982

Yeah there are so many variables and possibly expenses with owning property . Cap ex can really kill cash flow and that is something a lot of people don’t think about .

I could see 1-4 more going owner occupied but wondering how that would work .
Someone owns a 4 plea for example . The landlord is just going to take over the whole space ?
Or do you mean selling the property to say a family that is going to owner occupy it .

I know right now if you buy a 2-4 unit in L.A you can occupy one of the units owner occupied for yourself or I believe a close family member but you do still have to pay a relocation fee to the tenant .

I know several Asian families in the SF Bay Area that bought plexes and over time... all the units are owner/family occupied...

[TheFlats]

Originally Posted by jm1982

So what happens if your utilities , gardener , maintaince people , etc go up more than 5%?

It’s the reality of things like this that these radicals don’t take into account .

Originally Posted by Ultrarunner

What if your taxes go up more than 5% which is easy with ballot measures?

What if you need a new roof and the building department says no more shake so you must strip the roof and then put down sheathing etc... a 1700 square foot home with 40 year comp and permits is 28k... or exactly what the house/land cost new...

I still say lots of 1-4 properties are going to go owner occupied... that is my prediction.

My rent controlled building in Oakland had the ability to split major repairs like a roof between all tenant's rents, bypassing the usual controls on price increases. Laws can take into account a pretty good amount of nuance if written correctly.


Anyways, I actually did a last minute switcheroo on my Prop 10 vote and decided to go with Yes. I wouldn't necessarily vote for a poorly crafted measure in my local region but I can get behind letting localities decide.

[Electrician4you]

Originally Posted by jm1982

So what happens if your utilities , gardener , maintaince people , etc go up more than 5%?

It’s the reality of things like this that these radicals don’t take into account .

They don’t care about that. As long as the tenant is protected

[CaliforniaGal]

I voted a BIG NO on Prop 10.