By Geoff McIntosh
It’s Been a Busy Six Months on the Legislative Front
More than 130 housing bills were introduced in the state Legislature during 2017, and C.A.R. is tracking every one of them.
It’s hard to believe that the year is half over. It’s been a busy six months on the legislative front with more than 130 housing bills introduced in the Legislature this year alone, and the California Association of REALTORS® (C.A.R.) is tracking every one of them.
On July 20, the state Legislature adjourned for its summer recess, and two C.A.R.-opposed bills for which we issued Red Alerts remain pending in the Assembly. Thanks to the thousands of REALTORS® who have called, emailed, or met with their legislators, the bills have failed to garner the support necessary to pass; therefore, their authors have not brought either one up for a vote, even though they are eligible.
SB 231 (Hertzberg) allows local governments to circumvent the State Constitution and Proposition 218 and directly tax property owners for costs related to stormwater infrastructure projects without the legally required two-thirds voter approval. C.A.R opposes SB 231 because it uses legal “word games” to allow local governments to impose new taxes without the required voter input.
AB 71 (Chiu) eliminates the mortgage interest deduction for second homes to fund an increase in low-income housing tax credits. While C.A.R. supports increasing the support for aﬀordable housing, the association is opposed to doing so at the expense of the mortgage interest deduction for second homes.
Members of the Legislature reconvene on August 22 and could vote on either bill at any time before they adjourn for the year on September 15. C.A.R. will issue additional Red Alerts as needed.
With the year half over, Expo 2017 will be here before you know it! I hope that you will join me in San Diego October 10–12 as industry professionals convene under one roof for three days of learning and networking.
Many special events will be taking place throughout the conference, including Tech Tuesday with an all-new format. Get hands-on learning in morning breakout sessions and enjoy lunch with keynote speaker Jonathan Perelman, head of digital ventures at ICM Partners and former vice president of BuzzFeed Motion Pictures, as he discusses how to grow your business with shareable content. Spend the afternoon learning from other keynote speakers and top industry professionals with an exclusive networking reception immediately following. The entire day, including lunch and the networking reception, are included in the Tech Tuesday pass!
On Wednesday, Tom Ferry, CEO of Tom Ferry International and a New York Timesbest-selling author, will take the luncheon stage with a custom presentation about how to change your mindset to change your life. C.A.R. Chief Economist Leslie Appleton-Young will close out Thursday’s lunch with her can’t-miss 2018 Housing Market Forecast.
Over the three days, learn how to incorporate new technology, social media and storytelling, digital marketing, lead generation, and more into your business strategy. Hear from top producers, participate in user-generated sessions, and connect with thousands of real estate professionals. Meet with more than two hundred exhibitors with solutions for your business, attend networking events, and have fun exploring sunny San Diego!
For more information and to register, visit expo.car.org/registration.html.
This column is based on and has been excerpted from the Monthly Message by C.A.R. President Geoﬀ McIntosh that was distributed via email on July 21, 2017. It is being reprinted here with permission.