News, Policies, & Trends Opinion

Should Landowners Pay For Homeless Housing?

By | Aug 16, 2016

vermontsmallThe odds of making money by owning real estate is much better than playing the lottery. Just ask any lucky homeowner on the Westside of Los Angeles, or anywhere within San Francisco’s city limits.

Sure, the real estate bubble popped during the Great Recession, but anyone who continued to hold their property saw their equities climb back up. And in many parts of California, equity has increased tremendously.

If you bought a median priced Southern California home seven years ago, you would have paid $247,000. This year, it is worth $430,000. You just earned $183,000. Lucky you.

If you are a renter, however, you are feeling the effects of increased property value since rental rates increase at a similar pace. Rent prices in California continue to grow higher than the national average. A typical one bedroom California apartment rents for $1,750 per month.

No wonder why more and more people are unable to afford even a studio apartment. No wonder why more and more people are ending up on our streets.

Cities throughout California are seeing more tents on the sidewalk, sleeping bags in their parks, and bodies of sleeping people sprawled inside of business vestibules. They are clear signs that visible homelessness is increasing at an alarming rate.

Under pressure from constituents who are frustrated with a perceived plight of their neighborhood quality of life, local and state elected officials have tried to convince California Governor Brown to declare a state of emergency on homelessness.

But with no success. Such a declaration could cost the state millions of dollars. The memory of a nearly bankrupt state continues to haunt the Governor.

So local officials are turning to other means of gathering revenue to fund housing for people who are homeless.

In Los Angeles County, elected leaders have considered, unsuccessfully to date, to tax millionaires, a county-wide sales tax, and even a special tax on marijuana sales as revenue sources.

In Santa Clara County, home to Silicon Valley, County officials will place on their November ballet a tax on property owners in order to fund a $950 million housing bond.

The City of Los Angeles has a similar housing bond proposal that would raise $1.2 billion for housing.

Asking landowners to help pay for housing for the poorest of our poor just makes sense. For those of us lucky enough to afford to own a home, we should be willing to support housing for the low-income and homeless who certainly have no way of even paying for the average rent of a one-bedroom apartment.

In Santa Clara’s housing bond proposal, a tax on landowners would be $12.66 per year for $100,000 of assessed value. So, for a home valued at $500,000 a property owner would pay $63.30 per year.

Most people who own property should be willing to pay less than $100 per year to house thousands of people who are homeless in their communities.

I would be.

32 Comments

  1. Be the one
    Posted Sep 17, 2016 at 11:58 am | Permalink

    he odds of making money by owning real estate is much better than playing the lottery. Just ask any lucky homeowner on the Westside of Los Angeles, or anywhere within San Francisco’s city limits.Sure, the real estate bubble popped during the Great Recession, but anyone who continued to hold their property saw their equities climb back up. And in many parts of California, equity has increased tremendously.
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  2. Maria
    Posted Oct 17, 2016 at 2:37 pm | Permalink

    why not? that's how we will over come on problems like poverty and homeless people. Landlords have large amount of income and it should be used for people.
    Thanks
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  3. Posted Oct 17, 2016 at 2:49 pm | Permalink

    he chances of profiting by owning land is greatly improved than playing the lottery. Simply ask any fortunate mortgage holder on the Westside of Los Angeles, or anyplace inside San Francisco's city limits.Sure, the land bubble popped amid the Great Recession, however any individual who kept on holding their property saw their values move go down. Also, in numerous parts of California, value has expanded colossally.

  4. Posted Oct 17, 2016 at 3:00 pm | Permalink

    he chances of profiting by owning land is vastly improved than playing the lottery. Simply ask any fortunate mortgage holder on the Westside of Los Angeles, or anyplace inside San Francisco's city limits.Sure, the land bubble popped amid the Great Recession, however any individual who kept on holding their property saw their values move go down. Furthermore, in numerous parts of California, value has expanded massively.

  5. Kavinmiller63
    Posted Oct 27, 2016 at 12:01 pm | Permalink

    Definitely totally agree with you, even you can see thousands of furnished apartments listed in Corporate Housing By Owner website.

  6. Posted Nov 10, 2016 at 3:45 pm | Permalink

    he odds of making money by owning real estate is much better than playing the lottery…

  7. BeSmart
    Posted Nov 22, 2016 at 6:38 am | Permalink

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  10. Posted Feb 20, 2017 at 5:37 am | Permalink

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  11. Posted Mar 7, 2017 at 2:44 pm | Permalink

    Well appreciated posting,

  12. Posted Mar 29, 2017 at 9:34 am | Permalink

    business category does not matter, the matter is how we can do it and how we treat our market and customers. first of all we must take care about all these things and working on the market by following our own strategy.

  13. Posted Mar 29, 2017 at 9:38 am | Permalink

    landowners does not pay for the homeless cause this is not actually the homeowners responsibility. Homeless people are getting help from different source and authority. government has extra ordinary services for them. homeowners are just take care about their home and follow the right procedure to sell their property.

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  17. Posted Apr 7, 2017 at 5:29 am | Permalink

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  18. Posted Apr 18, 2017 at 5:27 am | Permalink

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  19. Posted Apr 18, 2017 at 1:00 pm | Permalink

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  20. Posted Apr 19, 2017 at 8:08 am | Permalink

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  21. sussanbetcher
    Posted Apr 19, 2017 at 11:49 am | Permalink

    I think it is not a compulsory one but seems to be a good suggestion to help the homeless people. If you are ready to pay a small portion of your income, then it will help the homeless people to achieve anything in their life. Keep thinking better and do good to others!!!

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  22. Posted May 1, 2017 at 10:25 am | Permalink

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  27. Posted Jun 14, 2017 at 6:16 am | Permalink

    This is also one of the causes of high inflation rate happening not just in America but all over the world. Rentals and house and lot prices in the Philippines are also getting higher each year.

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