Richard Karzen

There is a split-roll initiative headed for the ballot in 2020. Attorney General Xavier Becerra's office issued a title and summary on Oct. 17 issued a biased summary that emphasizes questionable benefits that might be popular with voters. What got left out? Clarity that the initiaitve would increase taxes on commerical property. A change that could make California a more expensive place to live as property owners pass cost on to tenants and customers. ... "n a letter to the Democratic attorney general, a lawyer representing the group Californians to Stop Higher Property Taxes which is backed by real estate and business groups warns that the ballot language is false, in large part because of its assumptions about revenue, and amounts to an opinion intended to sway voters." If Becerra’s office doesn’t issue an amended title and summary, the letter concludes, opponents will be compelled to seek relief from the Courts. You can read it for yourself here: https://subscriber.politicopro.com//split-roll-opponents-t

What will the future hold for California property owners? The 2020 ballot could bring ... * Further rent control regulations, plus vacancy control * Elimination of #Prop13 protections for commercial property... To discuss how these changes may impact you, call me at (818) 424-1031

Contemplating selling? The time might be NOW before others decide to liquidate, while interest rates are low and demand is still high. Call me at (818) 424-1031 to explore the possibilities.

Sadly the attack on property owners continues. California just passed AB 1482, a rent control law that will take effect January 1. If you would like to discuss how this new law might affect your real estate investments, send me a message or call (818) 424-1031.

What NOT to do ... #CRE #property #owners #realestate #advice #tips

Developers are already gearing up for the next #CRE expansionary cycle. http://ow.ly/q0zh50voDNG via Allen Matkins UCLA Anderson School of Management #California #realestate #outlook

If it ain't broke, don't fix it. http://ow.ly/2Mbo50voCRz h/t California Taxpayers Association #Prop13 #California #realestate

Join the fight to #stoprentcontrol. https://www.stoprentcontrol.net h/t California Rental Association

No! http://ow.ly/pQ8k50voCmW #rentcontrol #housing

Thank you, Howard Jarvis Taxpayers Association, for fighting to protect California taxpayers! http://ow.ly/JT5250voC0j

Foolish legislation like #AB1482 (which now includes #AB1481's "just cause" provisions) will only make #California's housing crisis worse. We must #stoprentcontrol & work on real solutions that increase housing supply. https://la.curbed.com//assembly-bill-1482-rent-control-los #caleg #housing #rentcontrol

Selling a commercial property requires expert knowledge and someone who will work tirelessly on your behalf. Thinking about a possible sale? Let's talk today! http://ow.ly/8zMG50vkcma #realestate #SoCal #LosAngeles #LA #SantaBarbara #Ventura

The "split roll" tax will be on the 2020 ballot. This promises to be a knock-down-drag-out fight. We must fight to protect #Prop13 and private property ownership in #California! http://ow.ly/t7Tt50viZDm #NAIOP #capolitics #propertytax #realestate