There is one statewide proposition on the California November 2024 ballot that I am very concerned about. It is Proposition 33, which enables extremely restrictive rent controls on a state-wide basis. These Proposition 33 proposed rent controls, including homes, condominiums, as well as multifamily complexes, could turn California into a nightmare scenario like NYC after WWII or Santa Monica or West Hollywood for the period of 1978-1995. Proposition 33 would restrict your right to rent your home or condominium, as well as freeze the rents on apartments to the prior level when they vacate.
Read More: https://www.smobserved.com/story/2024/08/19/opinion/heres-why-to-vote-no-on-proposition-33/8413.html