Housing crisis: Berkeley
law would put renters first
Associated Press,
by
Jocelyn Gecker
Original Article
Posted By: NorthernDog,
2/22/2020 10:52:44 AM
SAN FRANCISCO — The mayor of Berkeley, California, proposed a new housing policy Thursday aimed at giving renters first dibs when a property goes up for sale, as the state battles a severe housing shortage and homelessness that Gov. Gavin Newsom has declared his top priority. (Snip) A homeowners group said while the plan is meant to target greedy corporate landlords, it would end up penalizing individual homeowners by placing a variety of constraints on selling property. “What if I want to sell my home to an uncle, cousin or friend, and not my tenant? I should be allowed to
Reply 1 - Posted by:
Californian 2/22/2020 11:16:32 AM (No. 326337)
It's Berkeley. Owners will be forced to sell at a price determined by the city based on the renter's ability to pay.
6 people like this.
Reply 2 - Posted by:
earlybird 2/22/2020 11:54:49 AM (No. 326383)
Renter-friendly”rules” have already played a big part in the reduction in available housing in California. That and what happens to a property when care-less renters reside in it for a period of time. A close family member just found out about that the hard way… it has taken a year to get his home back to good repair and livable condition after renters left it a mess. No, the deposit didn’t begin to cover the damage they did.
7 people like this.
Reply 3 - Posted by:
learner 2/22/2020 12:03:21 PM (No. 326401)
In other words 'You don't own that!'
8 people like this.
Reply 4 - Posted by:
David Key 2/22/2020 12:04:13 PM (No. 326403)
Idiots, there is only one way to increase housing, build more houses, apts, high rises etc... The invested interests have no desire to see the million dollar investments lose value which they would if there were more houses being built and competing. All of the left wing interests would have to take a back seat to enable them to actually address the underlying liberal policies that are destroying the California Dream. As always liberal Utopians will find themselves crashing on the shores of actual human nature and reality.
4 people like this.
Reply 5 - Posted by:
lazlototh 2/22/2020 12:05:21 PM (No. 326405)
Restrictions of this type are typically construed as 5th Amendment takings of public property, so ultimately the government will have to reimburse the property owners for the reduction of value the law causes. Would be nice to see the city bankrupted by this.
0 people like this.
Reply 6 - Posted by:
Ida Lou Pino 2/22/2020 12:09:58 PM (No. 326410)
Yes! Yes! Sensational idea!
Make it illegal to rent out apartments! That'll solve the homeless problem!
Gee - - i wish I were as brilliant as a leftist politician.
2 people like this.
Reply 7 - Posted by:
worried 2/22/2020 12:37:02 PM (No. 326440)
#6, the city of Worcester, Mass, had a high-rise built in the early 60's, which was supposed to be for low-income families. Within a year of getting the first tenants, much of the place was a pig sty inside. Think the tenants cared about keeping the place up? HAH! And that is just one small example of why many stay away from investing in new housing. There are better ways to throw away money. I had a friend who owned a number of rental units. He finally sold them all, as he was tired of ruined apartments and rent jumpers. It just wasn't worth the hassle.
3 people like this.
Reply 8 - Posted by:
MindMadeUp 2/22/2020 12:47:04 PM (No. 326450)
Who decides what "greedy" means, and why is it any business of the government if a land owner is greedy?
5 people like this.
Reply 9 - Posted by:
GoodDeal 2/22/2020 1:01:26 PM (No. 326474)
The CA Real Estate industry will be fighting this all the way. It is discriminatory presents an unfair advantage in the market place and will not stand. "Greed" has nothing to do with it. If these renters are barely able to pay rent on time every month, how would anyone expect them to come up with a viable offer to purchase the property? Qualifying for a mortgage, down payment, escrow closing costs, etc is expensive and I am not seeing it happen.
3 people like this.
Reply 10 - Posted by:
DVC 2/22/2020 1:42:26 PM (No. 326533)
Berkeley is a leftist sewer, has been since at least the 60s, so for 55 years or more.
I have been to several technical seminars at Lawrence Berkeley National Labs, and the visit went well. But I wouldn't live there under any circumstances.
0 people like this.
Reply 11 - Posted by:
Chuzzles 2/22/2020 2:39:20 PM (No. 326615)
So anyone who puts their house up for sale because they want to flee Cali for another more reasonable state are now being targeted? Sounds to me also like the writer and the Mayor have no clue about incorporation and it's protections of assets from greedy parasites like the Mayor. If the Mayor wants to buy the house at full market value, fine. Let them make offers to buy, not regulations to steal.
1 person likes this.
#11 There are classes to help them like credit building, $30k down payment assistance; whatever it takes.
0 people like this.
Below, you will find ...
Most Recent Articles posted by "NorthernDog"
and
Most Active Articles (last 48 hours)
Comments:
I disagree that the law is aimed at corporate landlords. It's the individual business owner whom is the enemy of liberalism.