The Salinas rental market is facing an alarming reality—investment dollars are drying up. Over the past several months, the message from investors, developers, and property owners has been loud and clear: Salinas’ extreme rent control policies are driving investment away. When pitching apartment deals in Salinas, the response has been resounding: “Why would we invest in […]
Category Archives: AB 36
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Mar
Mar
Proposition 10 was defeated in the November 2018 election and although the bill was defeated, lawmakers promised a renewed effort at enacting rent control in California especially with the election of Governor Newsom who promised to sign rent control legislation once it reaches his desk. AB 36 Seeks To “Stabilize” Rents in California While Increasing […]