Here are some of the latest real estate and local news headlines: Taxes and other major bills are to be considered in 2018. A landlord loses a lawsuit trying to crack down on tenants using Airbnb to make some extra cash without their landlord’s permission. A proposed $3 toll hike moves closer to a June ballot. Finally, though they aren’t here yet, BART will replace its train cars with newer, more efficient one’s which will increase capacity.
SACRAMENTO — The state’s housing crisis is back on the agenda as California lawmakers return to work after a months-long recess.
Proposals floated on the first week of the year would bring major changes to laws governing property taxes, rent control, and local zoning rules. Senate Democrats are also proposing a work-around for the recent GOP tax overhaul, which set a $10,000 cap on state and local tax deductions… This year’s debates come as the crushing cost of housing makes living in California ever less affordable. Read More…
Proposed $3 toll hike moves closer to June ballot
SAN FRANCISCO — Transportation officials are expected to vote next week to place a proposed $3 toll hike on the June ballot in all nine Bay Area counties.
If approved by voters, the tolls would go up on all Bay Area bridges, with the exception of the Golden Gate, beginning on Jan. 1, 2019 with a $1 increase. That would be followed by subsequent $1 increases in 2022 and 2025, when the tolls would reach $8 on all bridges except the Bay Bridge, where it would increase to $9 during peak commute times. Read More…
Airbnb wins: Court tosses lawsuit brought by major landlord
In a win for some renters who rely on Airbnb to make extra cash, a federal judge has tossed a lawsuit that sought to crack down on hosts using the short-term rental site without their landlords’ permission. Read More…
No new BART cars before the New Year, but agency says ‘soon’
HAYWARD — BART riders hoping for relief from trains packed beyond capacity will have to wait until after the New Year, officials said Thursday.
The agency is in the process of replacing its 669 train cars with 775 new ones, a $2.6 billion effort to upgrade an aging fleet, add capacity throughout the system and improve passengers’ experience with quieter, more reliable cars. Read More…
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To reach Peter Maclennan please call 925.385.8798 or email us at peter@maclennaninvestments.com.
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Peter is a real estate broker serving Central Contra Costa County. He and his family live in the Dana Estates Neighborhood.
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