California is facing a housing crisis – and it’s getting worse. Inventory is too low and too many potential homeowners and renters are simply priced out of the market. This November, you can take decisive action to protect homeownership and private property rights in California.
There will be two initiatives on the statewide ballot this November that could dramatically affect housing opportunities, private property rights and the availability of affordable housing.
The first is Prop 5, an initiative that will allow seniors, the disabled and victims of natural disasters to move to a home better suited to their needs without facing drastically higher property taxes.
Prop 5, the Property Tax Fairness Initiative, removes the unfair moving penalty for seniors, the severely disabled, and disaster victims across the entire state while still ensuring they pay their fair share of property taxes.
The other measure of concern on the November ballot is Prop 10, the so-called “Affordable Housing Act,” that would actually make the housing crisis worse by repealing the long-standing Costa-Hawkins Rental Housing Act, eventually allowing local governments to impose draconian rent control measures.
Prop 10 will make California’s housing crisis worse. It’s the wrong solution for a state that desperately needs to create more affordable housing for middle class families. Seniors, veterans, both gubernatorial candidates – Democrat Gavin Newsom and Republican John Cox – and affordable housing experts all oppose Prop 10 because it will make housing less available and less affordable.
Join us and the California Association of REALTORS® and vote YES on Prop 5 and NO on Prop 10.