East Bay Rental Management, Inc.

Real Estate Investment & Management Services

Gone Fishing!

Due to the continual expansion of state regulations, the constant threat of draconian fines and the transfer of ownership rights to tenants, the ownership and management of residential real estate in California has become a liability that is hard to justify.  In fact, I can’t.  Therefore, in the sweet-sung words of Louis Armstrong and Bing Crosby; Gone Fishin’

 

* In 2018 a California legislator proposed a  bill in California that would make it illegal for restaurant servers to give guests plastic straws unless requested — with the threat of a $1,000 fine or jail time attached.
/https://www.usatoday.com/story/money/nation-now/2018/01/29/plastic-straws-illegal-unless-requested-under-california-bill/1074610001/

 

A law threatening to fine or jail a waiter for giving a plastic straw was quite literally my last straw (the writing has been on the wall for a number of years.) When I was a boy restaurants had wax coated paper straws – no plastic at all. Couldn’t our dear legislator think broadly enough to consider mandating eco-friendly straws instead of threatening someone? It’s even worse than governor Brown signing a bill mandating the monitoring (and ultimately control no doubt) of cow farts. It’s amazing how people working in public service, with great job security, pensions and benefits seem to have no problem threatening other people.

It would be very easy to go on and on in detail about specific regulations destroying rental housing. The example of a law threatening to fine or imprison waiters for straws is simple enough to convey the extreme challenge confronting every business operating in the once great state of California. The residential rental industry is confronted with burdensome regulation and draconian fines that destroy any incentive to provide services or pay taxes to state and local governments for the privilege of doing business here.