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re: On Feb 13th Santa Monica is voting on a proposal that could change housing in CA forever
Posted on 2/12/24 at 9:26 am to stout
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.
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