Highest and Best | Price Gouging, Rent Relief Act and Zillow

Ideally, renters should not have to pay more than 30 percent of their annual income on rent. Unfortunately, that idea is not always a reality. To combat that, California Senator Kamala Harris is proposing the Rent Relief Act, which would provide low income families that are paying more than 30 percent of their income to rent a tax credit to offset those payments. Today on Highest and Best we welcome back Eric Meyers of WestPro Realty. We get his thoughts on how the Rent Relief Act might impact the Bay Area housing market and how it might fit in with the upcoming Costa- Hawkins vote this November. Phone: 510-233-5000 (call or text) [email protected] Website: http://www.westprorealty.com/0/Home 2:40 Rent Relief Act NIMBYs 13:05 Costa Hawkins Repeal 17:24 State of emergency price gouging 26:35 Zillow and the rental market 35:46 California Association of Realtors Tax Probability Initiative 43:08 Wrap up/ Contact info