Monthly Archives: February 2012

A California Court of Appeals decided last week that an owner could put a timer on a hut tub and reduce sauna hours without being forced to reduce controlled rents. In Santa Monica Properties v. Santa Monica Rent Control Board … Continue reading →

The City quietly released the 2011 Housing Vacancy Report last week, finding that there was a 3.12 percent housing vacancy rate (about par for a recession), that the housing stock was up to a record 3.35 million units, and that … Continue reading →

Greg Carlson, David Buchwalter and I ventured to Orlando last week for a RAM (Registered in Apartment Managers) Board of Governors meeting and a tour of the International Builders Show, sponsored by NAHB. I was impressed by the smallest and … Continue reading →

Mayor Bloomberg’s 2013 budget proposal issued yesterday holds the line on tax rate increases, but anticipates 3.3 percent growth in property taxes from assessment increases. There are also a bunch of fine and fee increases, including: More than $8 million … Continue reading →