Despite protests and opposition from real estate and housing professionals all over the county, the Los Angeles County Board of Supervisors in late 2018 adopted a temporary rent stabilization (read: “rent control”) ordinance. This temporary ordinance will expire at the beginning of summer 2019 and may be extended until the end of 2019. While SBAOR […]
Continue readingMore TagSouth Bay News Briefs
Quick headlines and brief stories on what you need to know in real estate as it impacts the South Bay, California, and the whole U.S.
SBAOR joins calls for Los Angeles County to approve new housing in Tejon Ranch
SBAOR joined LA BizFed and other business organizations to express support for Centennial at Tejon Ranch, a proposed mixed-use development project in the northern portion of Los Angeles County. This planned community is scheduled for a vote before the Los Angeles County Board of Supervisors on December 11, 2018. Centennial proposes to create 19,333 new […]
Continue readingMore TagVoters in unincorporated County of LA also rejected Prop 10 and Rent Control
Despite Los Angeles County voter’s rejection of Proposition 10 and rent control, the LA County Board of Supervisors approved a moratorium on rent increases for the unincorporated areas of Los Angeles County. On Tuesday, November 13, the Los Angeles County Board of Supervisors, lead by Chairwoman Supervisor Sheila Kuehl, heard a measure intended to retroactively […]
Continue readingMore TagCounty Supes muscle out interim rent control while ignoring public input
The Los Angeles County Board of Supervisors passed an interim ordinance on November 13 to temporarily cap rent increases at 3% annually for eligible properties in unincorporated Los Angeles County. At the end of 120 days, the Supervisors may choose to extend this ordinance, repeal it, or replace it with something permanent. The interim rent […]
Continue readingMore TagSouth Bay REALTORS® cheer defeat of ballot measure that would have hurt housing
California voters on November 6 delivered a resounding rebuke to the notion of rent control when they turned down Proposition 10, a measure that would have allowed for stricter rent control laws. Proposition 10 would repeal the Costa-Hawkins Act, a state law that among other things prohibits rent control on single family homes and on […]
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