New California Housing Tax Punishes Landlords for San Francisco Homeless Problem | Ask James Wise 55
Channel: HoltonWiseTV
Date: 2022-02-11

Leaving California continues to be a trending topic among California home owners who are sick and tired of the endless socialist housing policies of the far left politicians who hold power over the largest real estate market in America. If the recent LA County eviction moratorium extension that makes evicting tenants for non payment of rent illegal in parts of California until 2023 wasn't enough to push the California exodus forward, this new far left housing tax aimed at San Francisco's landlords will likely do the trick. San Francisco housing supervisor Dean Preston recently announced a new housing tax aimed at California's landlords who feel like they have no other choice but to leave their rental properties vacant due to the radical landlord tenant laws and housing policies in California. This includes the LA County law that had made evictions illegal in parts of California for the last two years and will continue to do so in that part of California until 2023. In the 55th episode of The Ask James Wise Show James Wise explains why he believes that the far left landlord tenant laws and radical housing policies of California are why there is an estimated 40,000 vacant rental units in San Francisco. He believes that these San Francisco house and apartments have been voluntarily left vacant by San Francisco landlords to combat the government created housing crisis that they are dealing with. James Wise believes these Californians have been stripped of their property rights and they have no other choice but to deal with the fact that putting tenants who can't be evicted in these vacant rental houses would be more trouble than it's worth. Will California continuing to create new predatory taxes that vilify landlords fix San Francisco's homeless problem? Will the continued vilification of landlords fix California's housing crisis? Will the California economy be able to prosper if California property owners continue to leave the largest economy in America in droves looking for more reasonable policies and housing prices? Is more taxation the solution to the California homeless problem? How high can California taxes go before the California housing bubble bursts? Tune in to HoltonWiseTV for insight on these California housing issues and much more. HoltonWiseTV is California real estate investing made easy.


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📺 MENTIONED ON THE SHOW
Evictions are Now Illegal in California! Los Angeles Landlords are Outraged | Ask James Wise 54
https://youtu.be/OURN6GzhfeI

California Taxes DOUBLING! What's a BIG TAX HIKE Mean for the CA Housing Market? | Ask James Wise 52
https://youtu.be/eLc5Ahcgzac

SF supervisor seeks ballot initiative to tax property owners who leave housing units vacant
https://abc7news.com/sf-vacancy-tax-san-francisco-vacant-homes-taxes-housing-crisis-apartment-vacancies/11546569/

S.F. has 40,000 empty homes. Would taxing them help solve the city’s housing crisis?
https://www.sfchronicle.com/sf/article/S-F-has-40-000-empty-homes-Would-taxing-them-16819901.php

SF considers taxing vacant apartments to help with housing crisis; new report shows 40K empty units. For decades, the City of San Francisco has suffered from one of the worst housing crises in the country.
https://abc7news.com/san-francisco-vacancy-tax-apartment-vacancies-sf-housing-crisis/11536909/

LA County extends eviction protections due to COVID pandemic
https://spectrumnews1.com/ca/la-west/housing/2022/01/26/la-county-extends-eviction-protections-due-to-covid-pandemic#:~:text=LOS%20ANGELES%20(CNS)%20%E2%80%94%20Despite,the%20end%20of%20the%20year.

LA County Extends Eviction Protections. Here’s What It Means For Local Renters
https://laist.com/news/housing-homelessness/los-angeles-la-county-eviction-protections-what-it-means-local-renters-rent-freeze

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