February 15, 2025

Los Angeles to END Property Rights?

As of now retired California real estate broker I have to agree with what John says in this video.

Actually with the Covid eviction moratoriums, rent controls and state supported tenants rights advocacy, you have to be crazy to rent property in LA or the entire State of California for that matter.

Los Angeles to END Property Rights?

Los Angeles to END Property Rights? - California Wildfire Law
California Wildfire

I said during the Covid eviction moratoriums, if California wanted to help renters they should have provided them with a voucher that would have had to be repaid to the State instead of telling landlords that you can’t evict tenants for non-payment because of Covid. But California didn’t do that and instead put the burden on California landlords.

There is no doubt whatsoever, that because of the total government mismanagement that resulted in unbelievable devastation to the city of Los Angeles, insurance cost s are going to be going through the roof!

Well, let’s say your insurance cost more than doubles, but yet, the latest California laws restrict the amount that you can rent your property for, there is no doubt that many landlords may be in a negative cash flow situation by this time next year.

Again, like I said years ago with the eviction moratoriums California put in place, if the State really wants to help out these fire victims they could easily put in place a  a temporary suspension of property tax, or a substantial reduction of property tax in Los Angeles County. An action like this would reduce the cost of home ownership and thereby reduce the amount of rent required to maintain the property.

Unfortunately, I guess this is too much common sense, and why should California do this when they can burden the ‘evil’ landlords in the State by imposition of their socialistic policies.

Los Angeles to END Property Rights?

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