Hamilton Zanze Real Estate Investments’ Post

No on Prop 33: It Exacerbates the Housing Crisis As we continue to face a severe housing shortage, Prop 33 threatens to make the situation exponentially worse. We need policies that expand access to housing, not further limit it. Vote NO on Prop 33 to help protect the future of housing affordability.

California voters have rejected Proposition 33! This was so important because we have such an extreme supply/demand imbalance here. There already is a law (The Costa Hawkins Act) that allows municipalities to enact rent controls. However, it involves common sense limits so that development is still incentivized. Proposition 33 would have allowed local jurisdictions to enact unreasonable rent control and reduce the supply of housing. Fortunately, California voters realized this and rejected a bad proposition. The simple answer to the housing crisis is to build more housing, and that is exactly what we are going to do. John Laine Michael P. Voulgarakis Brock VandenBerg

MUST READ: https://lnkd.in/giWuKCmv This excellent opinion piece by Lawrence McQuillan is SUPER important to read and understand. We need to push back against the nonsensical legislative proposals in California that will further restrict the supply of single family housing and end up simply pushing prices higher and higher. Some legislators do not understand supply and demand economics -- cut supply, while maintaining demand, and prices go up. Yet restricting investment from Private Equity firms and Hedge Funds wins at the ballot box. It's shameful politics. Private equity firms happen to make CalSTRS and CalPERS lots of money for teachers and cops in the Golden State, but let's not focus on the duplicity of that. PE firms have become important investors in the single family housing industry. Their capital is long-term in nature, and they are willing to take risks that individuals may not be willing to. At the end of the day, the ONLY way to get housing costs down is to increase investment and supply, not restrict either. #Housing #Finance #Investment

Institutional owners own 2% of California's single-family housing stock...yet they are vilified as being the reason housing is so unaffordable there. Increased investment increases the quality of existing supply as well as creates new supply, which ultimately helps pricing stabilize. In a world filled with sound bites and clickbait, policymakers need to surround themselves with deep thinkers and true strategists. Solving the housing crisis will take creativity and openmindedness.

50+ bills that touch on housing policy/development/funding are under consideration in the California legislature this year. The good news...that's a lot...the more-complicated news...that's A LOT. Sign up to join Rafa Sonnenfeld and me next week as we break down the top 10 bills that YIMBY Action is supporting which will: 🔻 Reduce the upfront $$ burden on developers (let’s reign in those fees!)  🏘 Make condo projects feasible once again 🌊 Ease the entitlements process for building on the coast  🏢 Clear a ministerial pathway for office-to-housing conversions Here's the link to sign up! https://lnkd.in/eGw7aQAq

The 2025 Legislative Session will tackle critical housing issues like supply, affordability, and proposed rent control legislation. Stay informed about what’s at stake and learn how Washington REALTORS® is shaping policies to protect your business and clients in this recent article written by WR Director of Public Policy, Bill Clarke: https://bit.ly/3VPh6n2 #StayInformed #WashingtonLegislature #LegislativeSession #REMagazineArticle

The Wall Street Journal gets it right in an Op-Ed published this week. With housing supply and affordability at historically-challenging levels policymakers should be encouraging and incentivizing new housing development and investment, not creating barriers that restrict the building of new homes and flow of needed capital. “Against the backdrop of a national shortage of affordable housing, due in large part to government policies, California lawmakers want to restrict corporate investment in single-family rental properties. This would make the Golden State’s housing affordability crisis worse….[these] proposals would force financial capital out, reduce the future stock of rental housing and increase rental prices.” #NRHC #SFR #BTR #Housing #Affordability

Before you log off for MDW be sure to read Meaghan Miles' update below to get smart on new legislation impacting land use and zoning. #Housing #Landuse #planning #zoning #planningandzoning #Connecticut #Development

At the risk of reporting, this is a necessary webinar for lenders, owners and developers of NYC properties. You won't want to miss Brett Gottlieb's analysis. #MustSeeTV #HerrickDoesThat This one-hour webinar will discuss: - Tax incentives changes (421-a, 485-x and 467-m) - Zoning initiatives - Removal of the 12 FAR Cap for Residential Uses - Lender considerations and due diligence

This Webinar is a must watch for all NYC real estate owners, developers, managers, investors, lenders and brokers and everyone else involved in the NYC real estate industry.