The 11-newspaper Southern California Newspaper Group today urged readers to vote no on Proposition 21.
In an editorial headlined “Proposition 21 will make the housing crisis worse. Vote No,” the newspapers noted that the measure will hurt affordable housing construction, reduce property values, and will result in fewer rental properties available.
Prop. 21 “distorts, and damages, the housing market and nearly everyone in it. It doesn’t spur homebuilding. It does lower land values. It forces properties off the rental market. And above all, it doesn’t help people at the low end of the economic scale…” says the editorial.
Read the full editorial here: https://www.ocregister.com/2020/08/06/proposition-21-will-make-the-housing-crisis-worse-vote-no/.
The editorial appears in the Orange County Register, Los Angeles Daily News, Riverside Press Enterprise, The Long Beach Press Telegram, The San Bernardino Sun, The Redlands Daily Facts, Whittier Daily News, The Daily Breeze, Inland Valley Daily Bulletin, Long Beach Press Telegram, Pasadena Star-News, and the San Gabriel Valley Tribune.
SACRAMENTO, Calif.–Proposition 21, the November ballot measure financed by Michael Weinstein and the AIDS Healthcare Foundation that would undermine the strongest statewide rent control and renter protections in the nation, could result in “a potential reduction in state and local revenues in the high tens of millions of dollars per year over time,”according to the state’s highly-respected, non-partisan Legislative Analyst’s Office (LAO).
In addition, the LAO also concludes that “some landlords would sell their rental housing to new owners who would live there,” which results in less affordable housing available to the state’s renters.
The LAO also notes “the value of rental housing would decline because potential landlords would not want to pay as much for these properties” if Proposition 21 became law.
“Californians can’t afford Proposition 21. Just like the version of this ballot measure California voters rejected less than two years ago, Proposition 21 would be a disaster for our schools and our communities,” said Steven Maviglio, spokesperson for Californians for Responsible Housing, the campaign opposing the initiative. “Passage would likely mean our cities, already struggling because of COVID-19, would be forced to make even greater cuts in services and/or raise taxes. Meanwhile, homeowners would see the value of their properties drop and renters would have fewer housing options. We are in the greatest recession since the Depression; it is clear that voters will reject a ballot measure like this that will mean increase costs to their families, cuts to the government services they rely on, and make California’s affordable housing crisis even worse.”
Read the LAO analysis of Proposition 21 here.
Read the new ballot label for Proposition 21 here.