Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders
Authority Property Management
JULY 26, 2024
Officially known as the Justice for Renters Act, this proposition aims to expand rent control statewide, giving cities and counties the power to regulate rents more extensively. This can result in a decrease in available rental units, as property owners may convert rental properties to other uses or sell them off.
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