Proposition 10: A Threat to All Property Owners and Investors
On November 6, California residents will vote on Proposition 10. It allows cities to impose a wide range of rent-control policies on both multifamily and single-family homes. Experts say that Proposition 10, which repeals the 1995 Costa-Hawkins Act, will negatively affect property values, dramatically reduce new construction and force owners to defer maintenance and capital improvements. How will it affect your investments?
As the leader in multifamily investment sales, Marcus & Millichap has a keen interest in raising awareness of the potential impact of Proposition 10 on our clients and our industry. In response, we will be holding a webinar on September 6, providing in-depth discussion of Proposition 10 with industry insiders and giving guidance about how you can get involved and be prepared to safeguard your investments.