September 24, 2024
Are you a landlord? Is it possible you may rent out your home in the future? If so, Prop 33 is a critical vote this November! If Prop 33 passes, it will allow local governments to expand rent control. San Francisco, Oakland and Berkeley already have some of the strictest rent control laws in the country, offering tenants protections from eviction and rent control increases. If Prop 33 passes, those cities and others would likely pass additional, even more tenant-favorable, rent control laws. The proposition would repeal Costa-Hawkins, making it possible for rent control to be expanded to apply to single-family homes and properties built after 1995. It would also make it possible to restrict rental rates even after a tenant vacates a property.
We meet with homeowners all the time that are shocked to learn of the restrictions they would be operating under, should they choose to turn their current home into a rental. These conversations often result in property owners being too nervous to become Bay Area landlords. This means that their homes never become part of the rental housing stock, and that our clients feel they have more limited options for how to use the property they own in these cities.
Additional rent control laws would further restrict owners' rights and would affect the value and desirability of rental properties. If you are a property owner (especially if you already own rental property, or own a single family home or any property built after 1995), this is an important proposition to pay attention to on the November ballot.
Stay up to date on the latest real estate trends.
October 8, 2024
In the last two weeks, there have been 15 home sales in the Sunset District. Closed listings range in price from $213,389 to $1,925,000. The closed listings had a medi… Read more
October 8, 2024
In the last two weeks, 7 homes sold in San Francisco's Noe Valley neighborhood. The closed listings range in price from $460,000 to $4,800,000. The listings have a med… Read more
October 8, 2024
In the last two weeks, there have been 4 home sales in San Francisco's Bernal Heights neighborhood. Closed listings range in price from $1,458,000 to $1,900,000. The c… Read more
October 4, 2024
September 25, 2024
In the last two weeks, there have been 3 home sales in San Francisco's Bernal Heights neighborhood. Closed listings range in price from $1,580,000 to $1,725,000. The c… Read more
September 25, 2024
In the last two weeks, 6 homes sold in San Francisco's Noe Valley neighborhood. The closed listings range in price from $1,750,000 to $6,800,000. The listings have a m… Read more
September 25, 2024
In the last two weeks, there have been 11 home sales in the Sunset District. Closed listings range in price from $989,000 to $1,815,000. The closed listings had a medi… Read more
September 24, 2024
After almost a decade (these things never move quickly!), the Downtown Oakland Specific Plan (“DOSP”) was adopted by the Oakland City Counsel in July. This plan is a r… Read more
September 24, 2024
What sets one loft apart from another? In this case, it was community. We decided to showcase a new loft condo listing with a creative twist: a weeknight wine and chee… Read more
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