Connect with us

California

Majority of California renters aren’t backing rent control plan

Published

on

Majority of California renters aren’t backing rent control plan


A majority of Californian renters do not support a proposal to allow local authorities to enforce rent control, according to a new poll.

Ahead of the November election, Californians will have a few propositions on the ballot. One of the proposals, Proposition 33, calls for giving local authorities more power to enact rent control ordinances.

A 3,000-person Berkeley IGS Poll discovered that 37 percent of voters would support the initiative, 36 percent said they were against the proposition, and 27 percent were undecided.

However, there wasn’t necessarily stronger support for the law when it came to renters specifically.

Advertisement

While 48 percent of renters said they would vote for the proposal, 26 percent said they were against the idea, and another 26 percent were undecided.

Alan Chang, a title and escrow expert, said this lack of support could be due to the long-term negative impact of rent control on the renter population.

Chang called Proposition 33 a “short-term effort to appear like they are doing something about housing affordability.”

“Ultimately, rent ends up being high when there is more demand than supply,” Chang told Newsweek. “If you improve the supply of rental housing units, the rent goes down. Adding restrictions to the amount of rent a landlord can charge as well as how much they can raise rents will generally dissuade them to build more as they could not predict the costs down the road.”

Many voters are weary of the promise that rent controls would automatically eliminate concerns over higher living costs, said Alex Beene, a financial literacy instructor for the University of Tennessee at Martin.

Advertisement

“While rental controls in other locations have stabilized the average yearly increases in rent, they’ve had largely negative implications outside of those limits,” Beene told Newsweek.

“Establishing controls not only limits the development of new rental properties because potential landlords now question the economic promise they would normally bring, but they also lead to less mobility, as renters enjoying the controlled pricing are less likely to leave that property and, in the process, open it up to new renters. There’s a lot more to consider here than just saving a few dollars on your rent,” he said.

An apartment for rent sign posted in South Pasadena, California, on October 19, 2022. A new proposal in California would allow local governments to more easily enforce rent control.

FREDERIC J. BROWN/AFP via Getty Images

Some tenants may also be homeowners who rent out a property they can afford while renting a place in a pricier location.

Other renters might generally be against the government intervening in how the market functions, said Kevin Thompson, a finance expert and the founder and CEO of 9i Capital Group.

“I believe many have seen these policies enacted in other states and heard stories of landlords neglecting properties, which can lead to higher crime rates,” Thompson told Newsweek. “The history of rent control is mixed. While it’s helped prevent skyrocketing rents in places like New York, it has also left behind dilapidated buildings.”

Advertisement

The median rent in California is $2,850, according to Zillow, and the state continues to boast some of the most competitive housing markets.



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

California

44% of California renters ‘not satisfied’ with their finances

Published

on

44% of California renters ‘not satisfied’ with their finances


California renters are twice as glum about their monetary picture than Golden State homeowners, a new survey shows.

The Public Policy Institute of California’s statewide polling for September reinforces a key economic divide – renters vs. homeowners. Consider that 44% of renters told pollsters they’re “not satisfied” with their financial situation, compared with only 22% of unsatisfied homeowners.

Or ponder the flip side of the query: Just 8% of California renters toll pollsters that they were “very satisfied” with their finances vs. 26% of homeowners.

It’s zero secret that renters typically earn less money, with the state’s lofty housing costs making those financial headaches even more painful. Despite those admitted challenges, though, renters seem to have a tiny bit more hope for their household budgets.

Advertisement

Looking ahead six months, 26% of California renters expected their monetary position would be stronger vs. 20% of owners. But 24% of tenants foresee weaker finances vs. 22% for owners.

When asked for a bigger picture view, California renters were more downbeat about the statewide economy in the next 12 months.

The poll found 63% of renters saw “bad times” ahead vs. 60% for owners, compared with 36% of tenants eyeing “good times” vs. 38% for owners.

The national outlook was equally glum, as 63% of California renters saw “bad times” coming for the US economy vs. 59% for owners. Contrast that with the 35% of renters eyeing “good times” vs. 37% for owners.

Blue tint

Let’s note that California renters lean bluer in this blue state.

Advertisement

When asked their opinion of political parties, 51% of California renters said “favorable” to the Democrats vs. 48% of owners. Republicans got 22% “favorable” from renters vs. 30% of owners.

Interestingly, when asked about satisfaction with political parties overall, the need for a third party was the top reply from 66% of California renters and 69% of owners.

Bottom line

High-cost California makes for sour outlooks, no matter the economic or political cycle.

This poll found very few happy folks, no matter their housing status. Consider the big-picture “right direction or wrong direction” question that pollsters love to ask.

As for the state vibes, California renters had slightly less negative feelings – 53% said wrong direction vs. 45% for right direction. That’s a smidgen more upbeat than owners, with 56% saying wrong vs. 42% saying right.

Advertisement

There’s an even more uniform sour sentiment about the nation, with 71% of both California renters and homeowners giving a thumbs-down on the US direction. (FYI: 28% of renters said right direction, vs. 26% of owners.)

Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at jlansner@scng.com



Source link

Advertisement
Continue Reading

California

A plane crashes on Catalina Island off Southern California coast

Published

on

A plane crashes on Catalina Island off Southern California coast


LOS ANGELES — A plane crashed Tuesday night on Catalina Island off the Southern California coast near the island’s private airport. It was not immediately known if there were injuries or deaths.

Supervisor Travis White with the Los Angeles County Fire Department said the plane crashed about 8:30 p.m. on the island that is about 25 miles off the shoreline south of Los Angeles. He had no further details, including what kind of aircraft was involved.

Detective Lar Meyers with the Avalon Sheriff’s Station on the island said investigators were still making their way to the scene that was near the island’s airport.

The airport is primarily used for general aviation aircraft, including single-engine airplanes and is known as the Airport in the Sky because of its location at an elevation of 1,602 feet. It has a single, 3,000-foot runway.

Advertisement



Source link

Continue Reading

California

Halloween events in Southern California

Published

on

Halloween events in Southern California


Here’s a list of Halloween events around Southern California. Share your Halloween haunts with #abc7eyewitness!

LOS ANGELES COUNTY

Halloween Horror Nights
September 5 – November 3 on select dates
The amusement park guarantees a living, breathing, three-dimensional world of horror with terrifying experiences from TV and movies.
Universal Studios
100 Universal City Plaza, Universal City
universalstudioshollywood.com

Fright Fest
September 7 – November 3 on select dates
Fright Fest is back at Six Flags Magic Mountain. You can expect haunted mazes, scare zones, and scream-worthy rides.
Six Flags
26101 Magic Mountain Pkwy, Valencia
sixflags.com

Advertisement

Los Angeles Haunted Hayride
September 21 – November 2 on select dates
The 30-acre attraction consists of a nighttime tractor ride where you see tons of scary creatures and characters along the way, a haunted village, scary trick or treating, and a spooky corn maze. But beware! It’s not recommended for children under 12.
Griffith Park Old Zoo
4730 Crystal Springs Avenue, Los Angeles
losangeleshauntedhayride.com

Nights Of The Jack
September 27 – November 2 on select dates
Enjoy the enchanting King Gillette Ranch grounds in this 2/3 mile walking trail. This Halloween wonderland features a live pumpkin carver, gift shop, top LA food trucks, and tons of other “Instagrammable” moments for all to enjoy! Advanced ticket purchase is required.
King Gillette Ranch, Calabasas
nightsofthejack.com

Boo at the Los Angeles Zoo
October 19 – 27 on select dates
October 19, 20, 26, or 27, you’ll find trick-or-treat stations throughout the zoo.
The annual spook spectacular allows ghouls and goblins of all ages to get up close to all sorts of creepy critters…so close, you can touch them.
5333 Zoo Drive, Los Angeles
lazoo.org

Mr. Jack O’ Lanterns Pumpkin Patch
October 4 – 31 on select dates
Enjoy games, activities, bounce houses, pumpkin carving, mazes, and more!
West LA, Torrance, Hollywood
mrjackolanternspumpkins.com

Mr. Bones Pumpkin Patch
October 5 – 31 on select dates
Founded in 1987, Mr. Bones Pumpkin Patch is a family-owned and operated business that focuses on bringing the farm to the city and celebrating the magic of Halloween.
10100 Jefferson Blvd, Culver City
mrbonespumpkinpatch.com

Advertisement

Carved
October 4 – 30 on select dates
For three weeks, Descanso Gardens will be transformed, featuring a mile-long trail lined with thousands of professionally carved jack-o-lanterns made from real pumpkins.
Descanso Gardens
1418 Descanso Drive, La Cañada Flintridge
descansogardens.org

Scream-Tacula Season
October 11 – 31 on select dates
Celebrate the spooky season by watching your favorite Halloween Movie with props.
The El Capitan Theatre
1755 N. Highland Avenue, Hollywood
elcapitantheatre.com

Haunted Little Tokyo
October 26 on select dates
Get ready for a night of DJs, drinks, food, a costume contest, ghost tours, and a spooky scavenger hunt.
Little Tokyo
249 S Los Angeles St, Los Angeles
littletokyola.org

Scarium Family Night
October 18
Aquarium of the Pacific
Dive into fun and spooky Halloween activities for the whole family!
100 Aquarium Way, Long Beach
aquariumofpacific.org

Halloween Carnaval
October 31
Historic Route 66
Celebrate Halloween on Santa Monica Boulevard and at West Hollywood’s One-of-a-Kind Bars, Restaurants, and More.
Santa Monica Boulevard between N. Doheny Drive and N. La Cienega Boulevard
halloweencarnaval.com

Advertisement

ORANGE COUNTY

Halloween Time at the Disneyland Resort
August 23 – October 31 on select dates
You can catch spooktacular thrills at the Haunted Mansion Holiday, Luigi’s Honkin’ Haul-O-Ween, Mater’s Graveyard JamBOOree and Guardians of the Galaxy – Monsters After Dark.
1313 Disneyland Dr, Anaheim
disneyland.com

The 17th Door Haunt Experience
September 27 – November 3 on select dates
The 17th Door converts a Fullerton strip mall into a prison from hell. You’ll get a spook out of this extreme haunted house. The attraction is not suitable for children.
West Fullerton Shopping Center
1851 W Orangethorpe Ave, Fullerton
the17thdoor.com

Tanaka Farms Pumpkin Patch
September 14 – October 31 on select dates
The popular pumpkin patch will be open for the best photo opportunities, best selection of pumpkins in the field, and the “least-crowded patch experience,” according to its website.
5380 University Dr, Irvine
tanakafarms.com

Knott’s Spooky Farm and Knotts Scary Farm
September 19 – November 2 on select dates
Halloween has taken over Knotts Berry Farm! You can catch Knott’s Spooky Farm, a family-friendly Halloween celebration geared for kids ages 3-11, on weekends and October 31. Knott’s Scary Farm is not recommended for kids under 13.
8039 Beach Blvd., Buena Park
knotts.com

Advertisement

Fall-O-Ween
October 11-13 & 18-20
Fall-O-Ween returns for its fourth year, offering a festive, family-friendly Halloween experience with straw mazes, scavenger hunts, and surprises!
Heritage Hill Historical Park
falloween.com

Bats: Heroes of the Night
October 11
This night offers a unique chance to observe bats in flight and listen to their calls – a perfect Halloween adventure!
Limestone Canyon Nature Preserve
batsheroesofthenight.com

Ghosts and Goblins of the Ocean Beach Cleanup
October 13
Join Dana Point Harbor for a spooky Stand Up To Trash beach cleanup and lunch & learn.
Dana Point Harbor
ghostsandgoblinsbeachcleanup.com

Full Moon Hike on Hicks Haul Road
October 16
Enjoy a peaceful autumn evening hike with Irvine Ranch Conservancy through stunning rock formations and learn about native plants as you listen to the sound of nature.
Irvine Open Space Preserve
fullmoonhike.com

BOO at the Oaks
October 18
Boo at the Oaks offers guided night hikes, nature stations, crafts, and a scavenger hunt for prizes.
Santiago Oaks Regional Park
booattheoaks.com

Advertisement

Honey Tasting at Glen Ivy
October 23
Enjoy the sweetness of fall by switching out the candy for locally sourced honey!
Glen Ivy Hot Springs
honeytastingglenivy.com

Halloween Zoo-Tacular
October 26
It is a perfect way for kids to celebrate Halloween while spending time with wildlife where visitors can watch the animals enjoy treat-filled pumpkins.
OC Zoo at Irvine Regional Park
oczootacular.com

BOO at the Bay
October 26
Family and friends are invited to join this free event filled with spooky stories, creepy crafts, science experiments, and fun games!
Upper Newport Bay Nature Reserve
booatthebay.com

Anaheim Fall Festival and Halloween Parade
October 26
Check out the Anaheim Fall Festival in Downtown Anaheim! This month-long festival includes a costume contest, scavenger hunt, parades, and more!
Center Street, Anaheim
anaheimfallfestival.com

Spooky Plants Among Us
October 31
Join Irvine Ranch Conservancy for a spooky hike that will uncover the mysteries of local plants!
Red Rock Wilderness
spookyplantsamongus.com

Advertisement

Little Folk Club
October 31
Little Folk Club returns for a spooktacular Halloween celebration filled with interactive music and festive fun.
Dana Point Harbor
littlefolkclub.com

INLAND EMPIRE

Frosty’s Forest and Pumpkin Patch
October 7, 14, 21st on select dates
You and your family will enjoy the twists and turns of the 4-acre attraction, along with plenty of other daytime activities.
14861 Ramona Ave, Chino
frostysforest.com

Castle Dark
September 20 – October 27 on select dates
Frightful fun is in store with six all-new haunted experiences, including the Cinema of Fear and Night Shift mazes, and more!
Castle Park
3500 Polk Street, Riverside
castlepark.com

Riverside Ghost Walk: CarnEVIL
October 25 & 26
This year’s walk will feature two walking tour options that wrap through Riverside’s oldest park, established in 1883.
White Park
3936 Chestnut Street, Riverside
crballet.net

Advertisement

VENTURA COUNTY

Fall Harvest on the Farm
September 28 – October 31 on select dates
This year’s annual Fall Harvest Festival includes a tractor-drawn wagon ride, corn maze, pig races, a pumpkin house, live music, and a whole lot more. Festival hours are 9 a.m. – 6 p.m.
Underwood Family Farm
3370 Sunset Valley Road, Moorpark
underwoodfamilyfarms.com

Copyright © 2024 KABC Television, LLC. All rights reserved.



Source link

Advertisement
Continue Reading

Trending