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Started By
Message
On Feb 13th Santa Monica is voting on a proposal that could change housing in CA forever
Posted on 2/12/24 at 8:51 am
Posted on 2/12/24 at 8:51 am
quote:
Here are the highlights:
- This covers all housing. Including non-RC buildings.
- If an owner increases rent by CPI +5% or 10%, the owner must pay a relocation fee if the renter chooses to move
- If a renter vacates and claims it was due to harassment, illegal lockouts, uninhabitable conditions, or other constructive situations, an owner may pay a permanent relocation fee
- Owners are required to offer buyout agreements no less than city defined fee.
- If you try to buy a tenant out twice within 6 months, they can sue you.
- $20,000 per violation fee
- Landlords may no longer refuse to accept housing vouchers from renters
- Also being drafted is the inability of a landlord to evict a tenant for unpermitted work on a unit.
For reference, the current relocation fees are:
Single: $18,250
One Bed: $25,150
Two +: $34,950
If you want to move into your own unit, yep, still paying the fees.
LINK
The bill
39
Posted on 2/12/24 at 8:53 am to stout
How is one municipality going to change a whole state?
Posted on 2/12/24 at 8:53 am to stout
When there is nothing to rent..... you will know why.....
Posted on 2/12/24 at 8:53 am to stout
That place is so fricked up.
Posted on 2/12/24 at 8:54 am to stout
Housing deserts incoming...
Posted on 2/12/24 at 8:56 am to stout
quote:
If an owner increases rent by CPI +5% or 10%, the owner must pay a relocation fee if the renter chooses to mov
So the property tax assessor is going to follow this same rule, right? RIGHT!?
Posted on 2/12/24 at 8:58 am to stout
They vote democrat. Democrat is exactly what they got.
Posted on 2/12/24 at 9:06 am to stout
So the city has perpetrated bad housing policy for years to get to a position where there's no affordable housing and rather than fix the mess they've created just want to kick the can to landlords.
Got it.
Got it.
Posted on 2/12/24 at 9:13 am to stout
I wish CA would just cease to exist.
Posted on 2/12/24 at 9:26 am to stout
This is going to kill the rental market there, but perhaps that's by design. Santa Monica is a desirable area so laws like these will end up making properties more valuable as rentals go up for sale and apartments are transitioned to condos.
Their renter population will likely get pushed out to neighboring suburbs.
All of this is going to drive up real estate even more, at least until more people join the flood already leaving California.
Their renter population will likely get pushed out to neighboring suburbs.
All of this is going to drive up real estate even more, at least until more people join the flood already leaving California.
Posted on 2/12/24 at 9:27 am to stout
quote:That cap probably isn’t enough to offset increases on property tax and/or insurance some years.
If an owner increases rent by CPI +5% or 10%, the owner must pay a relocation fee if the renter chooses to move
Seems like bullshite as long as the landlord isn’t trying to change the rent in the middle of a lease. But no penalties to the tenant who violates the lease terms or tries to end the lease early
Posted on 2/12/24 at 9:30 am to stout
That would force me to sell all of my holdings, or just board them all up and wait for the inevitable homeless to move in, then I could burn them down for insurance money.
Posted on 2/12/24 at 9:31 am to stout
I would leave California with a quickness and sell any and all assets there.
Posted on 2/12/24 at 9:31 am to stout
Well I guess that's one way to get rid of rentals in your town.
Posted on 2/12/24 at 9:34 am to stout
Seems like an excellent plan!
If you are trying to wreck your community.
If you are trying to wreck your community.
Posted on 2/12/24 at 9:36 am to stout
It's like they want to create a housing crisis 
Posted on 2/12/24 at 9:36 am to stout
Wow, parts of Europe are like this. If you can get a lease on a rental - basically the landlord cannot kick you out for anything
Posted on 2/12/24 at 9:39 am to stout
There will be much profit from this. And there will be a (D) after their names.
Posted on 2/12/24 at 9:44 am to stout
quote:
- Landlords may no longer refuse to accept housing vouchers from renters
This alone would be enough to make me stop renting property. Even if I was willing to accept vouchers, I wouldn't want to be forced to have to accept them.
quote:
- If a renter vacates and claims it was due to harassment, illegal lockouts, uninhabitable conditions, or other constructive situations, an owner may pay a permanent relocation fee
Attorney's will have fun with this one. I had to leave because the landlord was harassing me. How was he harassing you? He kept calling and asking for the rent check.
Posted on 2/12/24 at 9:48 am to stout
California
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