As partners and members of BizFed ~~ We need YOUR input today!!
Our annual LA County member business poll is LIVE in the field – and we need YOU to take it now, forward this link to 10 of your colleagues, and distribute to your membership.
CLICK HERE to take the survey now
IT’S QUICK: It takes approximately 8 minutes – a small amount of time for BIG value.
ATTENTION TO BUSINESS: This survey measures the critical issues to our ongoing operations and growth of companies, small and large. Let’s discover what is REALLY most important to you and your business, and thousands like you across LA County?
WHY IT MATTERS: Our lawmakers, policy makers, media and others PAY ATTENTION TO OUR INSIGHTS.
WHAT businesses are saying so far (responses since Monday- which is a BIG CHANGE from the last survey. Will it hold up?)
Business Outlook
50% Slightly better than 2011
38% Flat/No change from 2011
8% Significantly better than 2011
5% Lower than 2011
Thursday, February 2, 2012
Effort to impose statewide rent control fails in the California Senate
SB 184 (Leno), a bill to impose rent control on new construction of rental housing, died on the Senate floor yesterday. SB 184 was opposed by the California Association of REALTORS® because it would have weakened key provisions of the Costa Hawkins Act, which C.A.R. sponsored in 1995 to help encourage the development of new rental housing in our State.
Enactment of SB 184 would have made it a virtual certainty that local agencies would impose residential rent control on new construction, discouraging the development of such housing at a time when it is most needed. The Legislature agreed with our opinion of SB 184 and it died on the Senate Floor on January 31, the last day for bills to get out of their house of origin if they are to continue on through the legislative process this year.
The REALTOR® profession for years has opposed rent control on grounnds that it impacts private property rights and reduces the ability of owners to make improvements to their properties. However, rent control creates major setbacks for tenants as well, in part because it may reduce - not increase - the number of units acually available to rent on the market. Don't miss Thomas Sowell's excellent analysis of rent control in his book Basic Economics, required reading for anyone in real estate, policy or economics, regardless of your political stripes.
Enactment of SB 184 would have made it a virtual certainty that local agencies would impose residential rent control on new construction, discouraging the development of such housing at a time when it is most needed. The Legislature agreed with our opinion of SB 184 and it died on the Senate Floor on January 31, the last day for bills to get out of their house of origin if they are to continue on through the legislative process this year.
The REALTOR® profession for years has opposed rent control on grounnds that it impacts private property rights and reduces the ability of owners to make improvements to their properties. However, rent control creates major setbacks for tenants as well, in part because it may reduce - not increase - the number of units acually available to rent on the market. Don't miss Thomas Sowell's excellent analysis of rent control in his book Basic Economics, required reading for anyone in real estate, policy or economics, regardless of your political stripes.
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