How Much You Could Lose: Vote No on Prop 33

February 6, 2024

in Advocate, Legislate,

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Under Attack...Again

To help stop the so-called "Justice for Renters" initiative, which was just assigned the name Proposition 33 on the ballot in 2024, the East Bay Rental Housing Association is asking for your support. We need to fight this third attempt to repeal Costa-Hawkins, led by the same anti-housing activists who failed twice with Propositions 10 and 21 in 2018 and 2020. We are helping our state affiliate, CalRHA, raise $5 million towards this campaign, so we are all in this together.

Protect Vacancy Decontrol
Protect New Construction, Single-Family Homes, and Condos from Rent Control

WHAT IS COSTA-HAWKINS?

The Costa-Hawkins Rental Housing Act is a California state law that It also protects VACANCY DECONTROL - a policy that allows rental housing providers to reset the rental rate on any rent-controlled apartment after a renter moves out. Costa-Hawkins is extremely important because it exempts single-family homes, condominiums, and new construction built after 1995 from RENT CONTROL.

CALCULATE HOW MUCH YOU COULD LOSE ON YOUR RENTAL PROPERTY

In which of the following California markets do you own or manage rental housing?

Please select the markets where you own or manage rental housing from the drop-down menus below and the enter number of units in each market.

Select Your Markets *

# Units Own/Manage *

What is the average rent you are currently collecting on your rental housing units?

Average Current Rent *

(must be greater than $750)

How much could you lose in property value?

The loss of Costa Hawkins and vacancy decontrol due to the passage of 2024's Rent Control Ballot Iniative, the "Justice for Renters Act," will most certainly REDUCE the value of your income property investments. According to Wall Street Journal reports, New York's new rent control law has resulted in a 20% to 45% DECREASE in rental property values.

Your Market(s)	# of Units You Own or Manage	30% Estimated Loss in Value of EACH Unit of YOUR Investment*	Total Estimated Loss on YOUR Investment

How much will you lose in rent?

Case Study: Vacancy Decontrol vs. Vacancy Control - You Lose the Right to Raise Rent to Market After Vacancy

Tenant 'A' vacates your apartment, in a rent controlled jurisdiction, where she lived for 10 years and last paid $ per month. Assume that the current market rent for the apartment is now approximately $ . You rent the unit to Tenant 'B'. Below are the impacts of 'Vacancy De-Control' versus 'Vacancy Control' on your income for just one unit over a 5-year period.

	Vacancy Decontrol	Vacancy Control	$ Impact
Starting Rent	Owner is allowed set monthly rent at current, fair market of $ .	Owner is prohibited from setting rent to market and is limited to only a 3% increase from prior rent, or to $ upon vacancy.	Difference (Lost Rent)

Give to the EBRHA Issues PAC - Californians for Affordable Housing

Protect your investments before it is too late! Do not let this ballot initiative pass without a fight! You can help us by contributing to our campaign.

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HOW WILL MY CONTRIBUTION HELP?

Advocacy Efforts to Stop the Steal

Rallies
Lobbying
Town Halls
Awareness Campaigns (Digital & Print)
Taskforce & Alliance Support

Support Other Local Legal Battles

Stop TOPA
Rent Control
Pending 2024 Ballot Measures
Research Housing Forward Candidates

HOW WAS MY CONTRIBUTION CALCULATED?

Through careful membership assessment, EBRHA has recommended an amount based on each membership type to help us reach our contribution goals for 2024.
We understand the circumstances that our members are facing, and we are grateful for any support you can provide to help us advocate for your best interests.
Please contribute the recommended donation included on your EBRHA invoice. If you have any questions or need assistance, please contact membership services.

DONATE TO THE CAMPAIGN TODAY!

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