NO on 33 California real estate investors, take note! Proposition 33 is on the upcoming ballot and could significantly affect your investments. This measure aims to repeal the Costa-Hawkins Rental Housing Act, which would allow cities to expand rent control to all types of housing, including single-family homes and new construction. If passed, Prop 33 could lead to decreased property values and reduced rental income for investors. Some experts warn that it might discourage new housing development, potentially worsening California’s existing housing crisis. It’s worth noting that similar measures were rejected by voters in both 2018 and 2020. Interestingly, many housing advocates and lawmakers, including some Democrats, oppose Proposition 33. As a real estate investor, it’s crucial to stay informed about this measure and understand its potential implications for your investments. Make sure to educate yourself on the details of Prop 33 and consider how it might affect your property ...