It may get old but it can’t be said enough, the tie between Real Estate and politics can’t be denied.
This coming November election is proof positive of that old saying. Though I’ve said it before, this coming election holds many issues that will affect you and your home. And, if you don’t own yet, it will affect you when you’re ready to buy or when the housing provider determines the increase in rent that will be due at the next anniversary of your lease.
I’ve written before about the state legislature’s plan to change the threshold required to pass new taxes and bond measures. Well, there’s a minor change. They found that changing that threshold on taxes didn’t poll well so they’ve removed that part of their bill. Now called Proposition 5, the voter pamphlet will say it “requires a 55%” approval to approve any Bond measures. What it won’t tell you is that is a reduction from its current requirement of 67%.
Another thing they won’t tell you is that, if passed, Proposition 5 would be retroactive to include any Bond measure on this November ballot. There are several Bonds on the next ballot; some statewide, some regional and some local. Bonds, one way or another, raise taxes. Bonds always come with “good” purposes, the results, though, are hard to find. Be aware of what you’re voting for on this coming ballot.
One Bond measure on this November’s ballot is a regional bond, Measure 4, that will affect all the properties in the nine Bay Area counties. If this Bond passes, every property owner will be assessed an additional $19.98 per $10,000 of assessed value which will show up on their property tax bill. This Bond says it’s set up to produce more affordable housing and places the burden on property owners only. While affordable housing is a desirable goal, in my opinion, it’s something we all should contribute to, not simply property owners. (This Bond measure was pulled from the ballot on 14 Aug.)
Another Proposition is Prop. 33. This Proposition is designed to make rental control nearly universal in the State. Currently law prohibits several features of rent control on single family detached homes and individually owned townhouses and condo. This bill is an attack on individual property rights, in my opinion and I’ll be voting no on it.
There are a lot of issues to consider when voting or looking to buy or sell a home. As a believer in the American Dream of home ownership, I make certain all those issues are understood when buying or selling a home.
With over 28 years in the local market, I’ve seen a lot and bring quite a bit of experience to your goal. Let’s talk about your plans in Real Estate and make your dream come true.
Call me at (408) 887-4731 or email to geneshomes@earthlink.net
I Look Forward to Hearing From You
W. Gene Hunt
"There is no one more Dedicated to your Goals" A motto earned not just a jingle made of hope. Angela D. says; "I feel you really got to know me as a person and by doing so you understood my needs and preferences."
Lisa D. had this to say; "I attempted to renegotiate my loan with my bank. Much to my dismay, the bank low-balled the value of my home…even in light of the improvements I’d made. I am glad to report that my experience with you was a much happier experience. I found my business dealings with you to be professional, efficient and courteous."
Linda R. sent this in; "Thank you for the help you provided in refinancing our house. I thought you would like to know that the "cost" of refinancing turned out better than we expected it would."
