May 28, 2008

Rent Control Under Attack in San Francisco

We have two propositions coming up for vote

Prop 98: This proposition under the guise of eminent domain issues would actually do away with rent control completely. All rent controlled apartments would be allowed to remain under rent control until they became vacant...then they would go to market rate and never again be placed under rent control. In time, the city would look more like a suburb than the kind of diversity that always makes a great city.
The regulatory takings provision in Proposition 98 would grant property owners the right to sue to invalidate or receive compensation for government regulations that impose a cost to the owner. This could interfere with the ability of state and local government to pass and enforce environmental and climate regulations.

Prop 99: This proposition does not deal with rent control or limit environmental controls issue. It merely deals with eminent domain. 99 would achieve important eminent domain protections without threatening California’s environmental and health initiatives.
A broad coalition - Governor Arnold Schwarzenegger, Former Governor Pete Wilson, AARP, League of Women Voters of California, California Professional Firefighters, California Teachers Association, National Wildlife Federation, and hundreds of other organizations that don’t normally agree on the issues - all oppose Proposition 98.
Thanks for Reading
Howard Bell
A web site of over 450 articles related to real estate focused primarily on property management.

Your Property Path
A web site with over 450 articles focused primarily on property management

You can add this page to your favorite Social Bookmark site:

No comments: