Prop 10 has too many flaws and will make the housing crisis worse.
Allows Regulation of Single Family Homes
Allows government to dictate pricing for privately owned single-family homes, controlling how much homeowners can charge to rent out their home – or even just a room. It may even lead to bureaucrats charging homeowners a fee for taking their home off the rental market.
Places Bureaucrats in Charge of Housing with the Power to Add Additional Fees
Puts as many as 539 rental boards in charge of housing and gives government agencies unlimited power to add fees on housing that will be passed on to tenants in the form of higher rents – making homes and apartments even more expensive.
Puts Taxpayers at Risk for Millions in Legal Costs
Requires California taxpayers to pay the proponents of the initiative’s legal bills if homeowners, tenants or voters challenge the law in court. Even if the proponents lose in court, taxpayers will still be on the hook to pay their legal bills.
Adds Tens of Millions in New Costs to Local Governments
The state’s non-partisan legislative analyst says the measure could increase costs for local governments by tens of millions of dollars per year and cost the state millions more in lost revenue, which could mean diverting funds from other vital state services.
Drives Up the Cost of Existing Housing
New government fees and regulations will give homeowners a huge financial incentive to convert rental properties into more profitable uses like short-term vacation rentals – increasing the cost of existing housing and making it even harder for renters to find an affordable place to live.
BOTTOM LINE: Prop 10 has too many flaws and will make the housing crisis worse. Vote NO on November 6th!