Housing providers and tenants opposed to California State Assembly Bill
828: an unfair and unconstitutional bill that, during the COVID-19
pandemic, reduces California rents by 25%, which housing providers are
required to pay for out of pocket. Everyone can agree that those who
have been laid off, furloughed and/or seen their income reduced due to
COVID-19 should have the option of temporary rent reductions, but let
our politicians know that the State of California should be bearing the
financial burden of this and and not "mom and pop" small property
owners, many of whom are middle class and scraping by to pay their
mortgage, property taxes, insurance and other maintenance costs in one
of the most expensive states in the country. This pandemic has caused
financial distress for everyone, not just tenants. If housing providers
are unable to make payments due to this mandatory rent reduction,
foreclosures in the state will skyrocket and cause additional housing
distress in an already volatile housing market. |