The Scoop: California Proposition 15
  • August 31, 2020

  Since 1978, residential, commercial, and industrial property tax has been based on their purchase price. The tax is limited to 1% of the purchase price and adjusts annually at a rate of 2% or inflation whichever is lower. When proposition 13 was first introduced property classes were paying their fair share. Over time residential […]

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Pressure to Vamp Up California Tenant Protection Amidst Eviction Concerns
  • August 15, 2020

As of January 1st, 2020, the law, known as assembly bill 1482 or the “Tenant Protection Act of 2019” went into effect limiting annual rent increases for residential landlords. The law made it illegal to increase rent by more than 5%, plus the local rate of inflation.  For example, if you are renting in Studio […]

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One if by Land Two if by Sea! The Evictions are Coming?
  • August 7, 2020

Since April, the Judicial Council of California issued an order halting all eviction proceedings in the pandemic. The statewide order could end as soon as Aug. 14. as a result of a lawsuit filed on behalf of two landlords who say the basis of the order violated the Constitution by supplanting the power of the […]

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Q2 Los Angeles County Multi-Family Update 
  • August 3, 2020

In Q2 economic activity declined with the closing of non essential businesses and stay-at-home orders. By most indicators the Muti-family market had one of its worse performances in the last 10 years. Vacancy rates spiked across the board particularly in submarkets with a large amount of recent development or development in the pipeline. Apartment demand […]

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Over 4 Million Mortgages are in Forbearance in the United States
  • July 20, 2020

During the Coronavirus, a vast number of Americans are struggling to keep up with their mortgage payments. As of July 5th, 8% or 4.1 Million mortgages are in forbearance. Meanwhile, half of American households have lost a portion of their income due to COVID. Lenders have been exploring ways to suspend or reduce mortgage payments […]

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