CreditLink Corporation’s Post

Rent control can be like a quick fix—a short-term band-aid on the deeper issue of wages and inflation lagging far behind rising costs. While it may offer some immediate relief, it discourages developers, driving them away from California, where they can’t earn a fair return. This reduces housing supply and, in the long run, worsens the housing crisis, trapping many in long-term rentals without a path to ownership. We need sustainable solutions that address the root causes, not just temporary patches like rent control. https://lnkd.in/gKWPtedc

VOTE NO ON PROP 33: Proposition 33 in California proposes to repeal the Costa-Hawkins Rental Housing Act, which would give local governments more freedom to apply rent control on a wider range of properties, including single-family homes, condos, and smaller rental units. If this measure passes, there may be less new rental housing built, worsening the current housing shortage. It would also lock in rental income, meaning that if your rental price is below market when a tenant leaves, you’ll have to keep it at that rate for the next tenant. Additionally, Proposition 33 could reduce property tax revenue, which could impact local budgets for things like schools and public safety. Landlords, developers, and some economists warn that more rent control might discourage property maintenance and upgrades, potentially lowering housing quality over time. #noOn33 #noOnProp33 #protecthomeownership

🏠🚫 Biden’s 5% Rent Cap Proposal: Is It the Right Solution? President Biden’s plan to cap annual rent increases at 5% for major landlords aims to make housing more affordable. However, critics argue that rent control has historically failed, leading to reduced housing quality and supply. Is this policy addressing the root issues, or could it make things worse? Need advice on your lease? Write to us for expert guidance and support. Read the entire blog post👇: https://lnkd.in/eJRaTZqa #RentControl #HousingCrisis #RealEstate #TenantRights #SmithCRE #AffordableHousing #BidenPolicy #LeaseNegotiation

🏡📢 New Rent Control Update! 📢🏡 Attention California renters and landlords! Under the California Protection Act, landlords can not increase rent more the 5% + inflation each year. However, smaller landlords with single-family homes are exempt. This important change must be disclosed verbally and in your lease agreement with new tenants. Stay informed and compliant to ensure a smooth renting experience! 📝🏠 #CaliforniaRentControl #RentersRights #LandlordTips #RealEstateUpdate #SanLuisObispoRealEstate #CaliRenting #TenantRights #SLOCounty #RealEstateNews #RealtorLife #PropertyManagement #HomeSweetHome

Attention Los Angeles County renters and property owners: Stay informed about the new maximum allowable rent increases with SNS Law Group's latest video. Learn about the latest changes and how they may affect you. Watch now for essential updates: https://bit.ly/3z7QHbI #RentControl #LosAngeles #PropertyManagement #SNSLawGroup #LegalUpdates

🏠 Why You Should Vote NO on Proposition 33 🏠 Proposition 33, part of the 2024 California ballot, aims to expand rent control—but at what cost? Rent control can: ⚠️ Discourage new construction   ⚠️ Hurt small landlords   ⚠️ Reduce housing availability for new tenants  If passed, this measure could make the housing crisis worse. Learn more about why voting NO on Prop 33 is the better choice for California and property investors. 📖 Read our full analysis in the blog at www.norcalpm.com #NoOnProp33 #CaliforniaRealEstate #PropertyManagement #HousingCrisis #AffordableHousing #VoteSmart

Rent Control In California: What You Need To Know About Proposition 33 https://trib.al/kKPQnSl

Landlord Friendly States Vs Tenant Friendly States Which do you prefer and why? Landlord Friendly States -Low Property Taxes -No Rent Control -Fast Eviction Process -No Security Deposit Limit - Short Notice Requirements Examples include: Texas, Alabama, Indiana Tenant Friendly States -Slow Eviction Process -Rent Control -Security Deposit Limitations -Tight Maintenance and Repair Regulations Examples include: California, New York, Vermont

In states like Florida, rent control doesn’t exist, and landlords can hike rents as they please. Some renters have faced $500-$700 monthly increases, leading to evictions and empty properties. Watch out as eviction courts are filling up again! Let’s talk about the reality behind rising rent prices. #RentCrisis #NoRentControl #FloridaHousing #syndicationattorneys #syndication

The Nixon Peabody Real Estate team spoke with the Daily Journal yesterday about Biden’s proposed federal rent control: https://lnkd.in/gDQDTDTX Morgan Cahill-Marsland and I shared that this policy is not likely to create more housing, or make housing more affordable, assuming those are the intended goals. We pointed out that California and New York are perfect examples of how restrictive rent control has not changed the cost of housing in those states. Ashley Klein added that federal efforts would be better spent on incentivizing housing production, such as creating ways to make it more efficient and less expensive to build housing. Morgan Cahill-Marsland and I also predicted that this policy would lead to legal challenges, as well as all sorts of issues around asset valuation, financing, and insurance.