Housing Outlook for the Rest of 2020The average home price in Los Angeles County for the first 5 months in 2020 was $472,565 which is an increase of 13.5% percent compared to the average home
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Help Pass Prop 5 and Defeat Prop 10
The stakes have never been higher for Home Owners and before you know it the Nov. 6 election will be here. On the ballot, we will be faced with an initiative that could dramatically improve housing opportunities for millions of Californians (Prop 5) and another that could destroy housing affordability (Prop 10).
Your participation in efforts to PASS Prop 5 and DEFEAT Prop 10 is VITAL. We simply cannot win on these critical ballot measures without the help of Realtors and the general public. C.A.R. Past President Kevin Brown recently wrote an op-ed about rent control and Costa Hawkins. In the op-ed, Brown writes:
“Over the past 10 years it has been projected that we should have built 180,000 units per year to keep pace with population growth, when in reality we’ve only built an average of 75,000 units per year. To counter these deficiencies, the lack of local government planning and soaring housing costs, a growing number of cities throughout California have adopted measures to control the rent a landlord can charge a tenant and prevent property owners from taking possession of their property unless they pay considerable compensation to tenants. These policies have stigmatized apartments and single-family dwellings.
Enter the combustible world of rent control and real property rights, where the lines between ownership and tenant’s rights have been blurred to such an extent that, in many California cities, the differences are indistinguishable. What started as a local grassroots undertaking to control rents in a few cities over four decades ago has evolved into a movement that now threatens real property rights on a multi-state level.”