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. Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. Similar propositions were defeated in 2018 and 2020.
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