This is another example of the business community deciding to “compromise” with a totalitarian State. The California Business roundtable formed by the California Chamber of Commerce has AGREED to the first step of government take over of housing. In AB 1482 it allows the State to set the rules and caps on rent increases. While this bill sets the limit at 7% a year, nothing stops government from making it 2% next year. It is the slippery slope to the State OWNERSHIP of housing—and those who claim to love freedom have given up the fight.
“The California Business Roundtable, an association of California’s large employers, including some of the largest multifamily and single-family rental companies in the state, today announced it has moved in support of AB 1482, as amended on September 5.
“With amendments that exempt most single-family homes and extend the exemption on new construction, AB 1482 now strikes the right balance between providing better protections and certainty for renters while ensuring investment in new multifamily and single-family housing development,” said Rob Lapsley, president of the California Business Roundtable.
Exemptions today, can be ended tomorrow—by legislation or an activist court—and these folks claiming to represent capitalism have instead supported socialism. Of course, most of the Chamber folks donated to the Democrats.
There is an old saying that fits this situation: “An appeaser is someone that feeds his friends to the alligators, hoping they eat him last.” The alligators just killed off the Roundtable—the Chamber is next.
| California Business Roundtable Moves In Support of AB 1482 (Chiu) |
| Brooke Armour, California Business Roundtable, 9/5/19 SACRAMENTO—The California Business Roundtable, an association of California’s large employers, including some of the largest multifamily and single-family rental companies in the state, today announced it has moved in support of AB 1482, as amended on September 5. “With amendments that exempt most single-family homes and extend the exemption on new construction, AB 1482 now strikes the right balance between providing better protections and certainty for renters while ensuring investment in new multifamily and single-family housing development,” said Rob Lapsley, president of the California Business Roundtable. Under the recently amended bill, annual rental increases would be capped at regional CPI + 5 percent. In addition, the bill contains complementary just-cause provisions for lawful tenants after 12 months of residency. In addition to the individual single-family home exemption, AB 1482 contains a rolling 15-year new construction exemption and will sunset in 10 years. “We are committed to seeing AB 1482 fully implemented and will work to defeat any flawed ballot measures or legislation that will weaken or undo the certainty and protections provided in this bill,” Lapsley continued. “It is important to note that this is just a first step to more comprehensive housing solutions. The barriers that led to this crisis—development impact fees, lack of CEQA reforms and a growing list of expensive regulatory mandates, to name a few—are still preventing the new supply we so desperately need. We are ready to work with the Legislature on these priority issues in order to meet the governor’s ambitious housing goals. “We strongly urge members of the Legislature to support this bill as a critical first step that will pave the way for further action on long-term housing solutions.” AB 1482 was amended on September 5 and can be taken up for a vote in the Senate on Monday, September 9. It then will go to the Assembly for concurrence on Senate amendments before September 13, 2019. |
About Stephen Frank
The Rental Property Association of Santa Barbara spent a year negotiating with Socialist Rent Control types of the City of Santa Barbara. After a year and a number of issues agreed to by the Association that rubbed more then a few members the wrong way the city brought the item to Council for ratification. The Council then wiped out the entire process, put in place the foundation for rent control and Laughed at the property owners.
So what do you suppose the super majority of Sacramento Democrats will do? There you go…still stupid voting for Democrats?
Once again the government is making things worse. Many landlords did not raise rents yearly but with rent control most raise it automatically as a precaution against new regulations that are costly. Welcome to another government created fiasco.