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Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders

Authority Property Management

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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Inglewood Enacts an Emergency Rent Control Measure

Real Property Management California Coast

In the wake of fires that devastated California in 2018, many newly homeless residents have been forced to seek immediate housing and are hard-pressed to find affordable rates. The initial report from LA Curbed finds that “fewer than 35 percent of homes are owner-occupied” in Inglewood, so the need for sensible rental pricing is dire.

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