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Words Are Not Enough

October 16 2017
October 16 2017

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October 16

The feelings that have emerged during this past week of devastation is far beyond what I can put into words. We cannot reiterate enough our condolences to everyone who has been affected by these fires. The outpouring of support from the communities has been inspiring and I hope that everyone remains committed to that support, as it will be needed for many months and years to come.

We published a list of resources last week if you’d like to volunteer, donate, or request help.  In addition, CAR and NAR have resources for our REALTOR family and are also taking donations.  Please help in spreading the word that there is assistance for REALTORS who have experienced a loss.  The donations can be made at CAR at www.car.org/difference/realtorscare or through the NAR REALTORS Relief Foundation www.nar.realtor/rrf

It goes without saying that as REALTORS, we are leaders in our communities. Please help by discouraging your friends, colleagues and clients from participating in any predatory tactics.  There have been reports of Craigslist postings of fake rentals, there’s looting, there have been reports of rental price increases well over market value.  When the hurricane hit Texas, there were examples of cases of water being sold for $50 each…. You see where I’m going?  CA actually has an anti-gouging statute which prohibits raising the price of goods and services by more than 10% after an emergency has been declared.  For more on this statute, click https://oag.ca.gov/consumers/pricegougingduringdisasters#1L

Please help our communities by encouraging your friends and clients to offer that housing at market rate or better. We ask that the REALTOR community strongly discourage and report those who participate in price gouging and other measures to capitalize on the needs of people who have lost their homes.

And forgive the long memo, but at the CAR meetings this week in San Diego, the Board of Directors voted on a momentous action item. CAR will be launching an immediate campaign for a ballot initiative that will potentially allow the portability of the property tax basis to any home in CA for people 55 and older with no restrictions on purchasing up or down, and no restriction on the number of times they move.  This campaign is estimated to cost between $30 and 50 million dollars.  If successful, then it goes without saying that the CA Assn of REALTORS has spearheaded this opportunity for thousands of people each year to move. This will free up much needed inventory in their departure County, increase spending and create sales tax revenue in their new County, and allows people the flexibility to move closer to their families or simply downsize without having to pay a huge increase in property taxes. The body also voted on helping fund this measure by raising the CAR Issues blah blah what’s the name of the fund? fund from $10 to $110 in 2018. This increase WILL be reflected in your upcoming dues bill and is mandatory.  Please know that this action came as a result of a year of preparation, public response and discussion and does not come lightly. We will be following up often with updates and talking points and will hope to count on each of you to spread the word about this campaign and the huge benefits for CA residents. It’s going to be a long hard battle but a rather exciting one as well.


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