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California Takes a New Look at Rent Control


In just a week, California voters will vote on a ballot initiative that could expand rent control to single-family homes.

Proposition 10, a pro-tenant action, would repeal a state law called the Costa-Hawkins Act. If passed, it would enable cities to once again implement rent control policies restricting landlords’ ability to raise rents; something California cities haven’t been able to do since the act was passed in 1995.

The stakes are high and the ballot battle is intense. Landlords and the rental housing industry see it as a threat. Tenants see it as a blessing given the high cost of single-family rentals in cities such as Los Angeles, Sacramento and San Francisco.

The rental industry argues that passage of the proposition could prevent developers from building more SFR homes, thus making California’s housing crisis even worse.

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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