Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders
Authority Property Management
JULY 26, 2024
This can result in a decrease in available rental units, as property owners may convert rental properties to other uses or sell them off. Similar propositions were defeated in 2018 and 2020. Market Distortions Rent control often leads to market distortions, creating a disparity between controlled rents and market rates.
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