If you own rental property in California, or just want to renovate your own home before moving back in, you may be out of luck. A new bill introduced in the state government would allow the confiscation of your property after just 90 days standing empty.
The issue of homelessness in California is a problem in need of addressing and worthy of creating ideal solutions to remedy. But should that solution to homelessness be resolved by what some might consider to be legislated theft?
Because the recently introduced Senate Bill 1079, if enacted, could force an entity to sell their home to the city or state – at a price essentially determined by the city or state.
. . .
When digging into the bill, it essentially spells out that once a property has been vacant for 90 days, the state can enact what’s known as eminent domain.
What that means is that, regardless of the intentions the company had in mind for the property down the line, after 90 days of it being empty – a city or county can force you to sell them the house.
Democratic State Senator Nancy Skinner introduced this bill in order to combat the homelessness crisis within the state. Senator Skinner said of the bill:
“My bill is designed to give local governments more tools to incentivize those corporations to actually put people in these homes and if they don’t, to enable local governments, nonprofits, affordable housing developers to buy them.”
. . .
What SB1079 has craftily slipped into the bill that the eminent domain that the city of county enacts can force the company to sell the property at a price owner’s may not like … nowhere in the bill does it say that the company having their hand forced chooses who will assess the price of their own property. I wonder if the body that would assess the property value would also be employed by the city or county?
There’s more at the link.
Let’s say I decide to renovate my home. I move my family to alternate lodgings, and put most of our belongings into storage, then turn the contractors loose on our house. According to this bill, even if the renovations are ongoing and I plan to move back to the home once they’re completed, if they take more than 90 days, California can seize my home without so much as a “by your leave”. What’s more, the state can set the price for it – even if their price is hundreds of thousands of dollars less than what the market says my property is worth.
Tell me again why anyone would want to live in a state where the politicians are this crazy – and this greedy?