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Politics • October 2, 2024

Housing – California 2024 Gubernatorial Race

by Steve Cardinalli

In the 2024 California gubernatorial racegubernatorial race, the candidates have diverse views on housing, reflecting the state’s deep crisis in affordability and homelessness:

  1. Gavin Newsom (current governor) focuses on affordable housing and homelessness reduction. He has signed a range of housing bills aimed at increasing housing production, especially through streamlining construction and reducing regulatory barriers. He has invested over $40 billion to boost housing and tackled homelessness with initiatives like Project Homekey, which converts motels into permanent housing, and more recently launched Homekey+ with Proposition 1 funding for veterans and mental health housing.
  2. Brian Dahle (Republican candidate) criticizes Newsom for not adequately addressing the housing crisis. He emphasizes the need to reduce regulations further, particularly targeting California’s stringent environmental laws (like CEQA), which he believes impede new housing projects. Dahle advocates for private sector-driven housing solutions to increase supply and drive down costs​.

These candidates present distinct approaches to resolving California’s housing shortage, with Newsom emphasizing government-led initiatives and Dahle focusing on deregulation and private sector involvement.

Steve Cardinalli
Real Estate Professional, 01323509
(760) 814-0248
Steve@Cardinalli.com
www.Cardinalli.com
Century 21 Affiliated Fine Homes & Estates
Village Faire in Carlsbad Village
300 Carlsbad Village Dr, 223
Carlsbad, CA 92008

Be the first to know about the market trend in your community at Neighborhood News

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Politics • October 2, 2024

Proposition 33 – Rent Control (California 2024) – Brief Facts

by Steve Cardinalli

Purpose: Repeals the Costa-Hawkins Rental Housing Act of 1995, allowing cities to expand rent control to more types of housing, including buildings built after 1995 and single-family homes.

KEY EFFECTS:

Rent Control Expansion: Local governments would be able to set limits on rent increases and initial rental prices for a broader range of properties.

Housing Market Impact: Expected reduction in property values for rental units and a potential decrease in available rental housing as landlords may sell properties instead of renting them.

Supporters: Tenant rights groups and organizations emphasizing the need for housing affordability and stability for renters​.

Opponents: Landlord associations and developers argue it would worsen the housing shortage and disincentivize new construction​.v

Fiscal Impact: Could lead to a reduction in property tax revenues, affecting local services and schools​.

For more detailed information, see the California Voter Guide.

Steve Cardinalli
Real Estate Professional, 01323509
(760) 814-0248
Steve@Cardinalli.com
www.Cardinalli.com
Century 21 Affiliated Fine Homes & Estates
Village Faire in Carlsbad Village
300 Carlsbad Village Dr, 223
Carlsbad, CA 92008

Be the first to know about the market trend in your community at Neighborhood News

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