REAL ESTATE LEGISLATION

ALERT

*** IMPORTANT ISSUE ***

There is Bill before the State Assembly, AB 2678, (Nunez) that would be disastrous for all Californians, upon the sale of any residential home, including rental property, as well as any commercial property sold in the State of California.

The provision of this Bill, AB 2678, would require that any property sold must have an Energy Audit at the cost of $400, this also establish a regulatory committee to monitor the point of sale audits and would also require a mandatory energy efficiency investment be made before escrow can close. 

This will further hurt our already crippled real estate market.  The Audit will cost California property owners $400, plus the cost of mandatory required energy compliance that may run into the thousands of dollars, and eventually get filtered down to the consumer,  which would also add to the price of any property in California.  Renters will feel the added expense in the form of possible rent increases.  Consumer goods and services will also be affected in the form of high prices, adding to inflationary pressure.

I believe in energy conservation, and while the overall intent is good, we do need to get off oil dependency, and OPEC, however, this legislation was not well thought out, and puts a tremendous burden on ALL California property owners and tenants alike. 

What we need is good old fashion common sense thinking, not special interest, self serving sacred cow politicians, that like to spend tax payer dollars to support expensive junkets.  What this legislation really is, is a back door tax revenue raising source.  Call it what it is.

You want more dollars into the state treasury, lower the Capital Gains tax to 5%, see how many people cash in on those rental properties that never get sold because of the Capital Gains Tax is too high to sell.  This also would add tax dollars to the state's fragile economy, as the property tax revenues  would increase on the sale.  The Federal Government could also rake in hundreds of billions of dollars too.  They just don't get it!

What California needs, as well as America, is not an overly regulatory bureaucracy, it needs pure down to earth leadership, for the good of the people, and all of the people, not just special interest.  We've allowed Special    Interest to dictate the lives we lead, such as, career politicians, oil companies, automakers, insurance companies, wall street financial CEO's that gave us the credit crunch, as well as the medical and prescription drug companies. 

If California, and the rest of United States is going to survive this decade, we better start to re think our responsibility to the American public.  Respect the little man who doesn't have a giant bankroll.  I believe      John F. Kennedy said it so eloquently, "Ask not what your Country can do for you, Ask what you can do for your  Country.  ... I believe what this meant was, respect your fellow man, give them a chance to dream, and do good, to build better things for the sake of doing for others, not to line your pockets.  Contact your Ca;lifornia State Assemblyman today to vote against Assembly Bill AB 2678.  Thank you.  " This will be probably my last comment"

Our State Legislators need to be revitalized. 

My name is Carlos Arvizu Sr.

Unemployed Realtor

I'm not running for Office, I can't afford it.