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Should We Have a Constitutional Right to “Housing”?

Should We Have a Constitutional Right to “Housing”?

FromReal Estate News: Real Estate Investing Podcast


Should We Have a Constitutional Right to “Housing”?

FromReal Estate News: Real Estate Investing Podcast

ratings:
Length:
6 minutes
Released:
Jun 20, 2023
Format:
Podcast episode

Description

California is hoping to solve a massive homeless problem with a change in the state constitution. One lawmaker is proposing an amendment that proclaims “adequate housing” as a fundamental right. It’s not clear what “adequate housing” would mean, but if it gets on the ballot, and it’s passed by voters, it would be the first such constitutional amendment in the nation.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Please remember to subscribe to this podcast and leave us a review.   Assembly Constitutional Amendment 10   Assemblyman Matt Haney of San Francisco proposed the amendment which is currently working its way through the state legislature. The measure, called Assembly Constitutional Amendment 10, would make state and local governments responsible for upholding this mandate.   There would have to be some guidelines as to what’s “adequate.” As reported by the Orange County Register, it could include the creation of more housing, better tenant protections, the repurposing of under-utilized or vacant properties, as well as housing subsidies. (1)   What is “Adequate Housing”?   Lobbyist Chris Micheli told the Register: “Some people might view ‘adequate’ as merely having a roof over your head. It could also mean shelter inside a gymnasium or a large building of some sort, almost like when we have emergencies.” Or would it mean that everyone is entitled to a standalone single-family home or an apartment?   Assemblymember Haney told the Orange County Register that: “California has been at the epicenter of the housing crisis” with 30% of the nation’s homeless living in California. Haney says: "We have more Californians living on the street than anywhere else in the nation.”   Basic Human Needs: Housing, Food, Water   Assemblymember Sharon Quirk-Silva, who supports the proposal, says the goal is to consider housing as a basic human need. She says: “There (are) really only three basic needs… and that is housing, food and water… And I think many of us grew up taking that for granted, but what we’ve seen over the last decade in California has not only been a housing crisis but, of course, a homeless crisis. And that’s what propels me to support this.” (2)   She says the big challenge is the housing shortage. There are just not enough beds for all the people who need them. She says: “We just have not kept pace with housing production in California…” That’s resulted in high rents, and as as rents move higher, more people end up on the street, or they move out of state. But she says: “Many individuals are just one rent payment away from being homeless.”   To get on the ballot, the proposal would need approval by a two-thirds majority in both the State Assembly and Senate by June of 2024. It received a 6 to 2 approval in the Assembly Committee on Housing and Community Development. That pushed it on to a Senate committee. (3)   Concern About the Courts Setting the Standard   Some of the lawmakers expressed concern about who would be responsible for setting the “adequate housing” standard. “Assemblyman Joe Patterson of Rocklin, who voted against the proposal, said: “I think the state and local governments haven’t done a good job on housing which I think has contributed to homelessness, but I’m concerned about the hundreds of judges we have in California having different ideas about what this means.”   Cal Matters reports that more than a hundred groups and organizations that advocate for renters and affordable housing are showing support for the proposal, while none are publicly opposing it. But, it did say that the League of California Cities has “expressed reservations.” (4)   Price Tag?   As for the cost of the bill, Cal Matters cited a study done in 2022 by the Corporation for Supportive Housing and the California Housing Partnership. That analysis determined that to house all the homeless people living in California, it would cost $8.1 billion a year for the next 12 years.    Before that, in 2020, Governor Gavin N
Released:
Jun 20, 2023
Format:
Podcast episode

Titles in the series (100)

Don’t get caught off guard by market crashes that can take all your money down with them. And don’t miss out on markets where you can build wealth practically overnight. Real Estate News for Investors with Kathy Fettke is the premiere source for savvy real estate investors who want the edge. Stay up-to-date on new laws, regulations, and economic events that affect real estate. Topics include: market trends, economic analysis that affects housing prices, updates on the best rental markets for investing in single-family rentals or multi-unit rentals, turn-key housing standards, the fate of the highly revered 1031 exchange and other tax law affecting investors, self-directed IRA investing and 401k changes, where rents and property values are rising or falling, flipping risks, new Dodd-Frank rules regarding private lending and financing standards, areas with job losses vs job growth, areas that are overbuilt or over-supplied versus areas with low supply and high demand, and how to avoid real estate scams. We'll bring you the latest reports from organizations like the National Association of Realtors, Realty Trac, Fannie Mae, Freddie Mac, Zillow, Trulia, Redfin, Rent Range, Property Radar, the Norris Group, Peter Schiff, Robert Kiyosaki’s Rich Dad, Suse Orman, Bigger Pockets, Dave Ramsey and more. And we'll help you interpret the data in terms that make sense for your real estate goals, and portfolio. Grow and protect your wealth by staying on the forefront of economic data analysis, expert opinions, innovative investing strategies and profitable investment opportunities. We'll share all the top real estate news stories and the best trade secrets investors should know, so you can stay ahead of the curve and make fully informed real estate decisions. Host Kathy Fettke is Co-CEO of the Real Wealth Network, author of Retire Rich with Rentals and host of the Real Wealth Show on iTunes. She brings decades of media and real estate investing experience, offers her own viewpoints on particular topics, and taps into her network of real estate experts for real world news updates created just for investors like you. Get the real news on real estate on The Real Estate News For Investors Show!