Opinion: Proposition 33 Is Bad News for Homeowners and Renters ...Middle East

San Diego apartments. Photo by Chris Stone Meet Maria, an elderly woman who owns a small condo. She rents it out to a disabled tenant and keeps the rent low for several years. While the rent helps cover her mortgage and maintenance costs, it’s also her safety net — money she depends on to make ends meet in retirement. When her tenant decides to move out, Maria adjusts the rent to reflect the rising costs of upkeep and property taxes. But what if the government told Maria that she had to keep the rent the same as what the previous tenant paid? And what if she had to charge the same low rent, even to a tenant with a good job and a high income? That’s what could happen if an ext

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Last updated : 03 October 2024 clock 10:37 PM

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Opinion: Proposition 33 Is Bad News for Homeowners and Renters ...Middle East

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