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<v Speaker 1>In California's upcoming twenty twenty six midterm election, voters are

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<v Speaker 1>going to be asked to vote on three ballot propositions.

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<v Speaker 1>Prop one, Prop thirty seven, and Prop forty five. All

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<v Speaker 1>relate to making housing more affordable, but two of them

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<v Speaker 1>actually waste your tax dollars while making housing more expensive.

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<v Speaker 1>Only one of them deserves a yes vote. Coming up,

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<v Speaker 1>we will address in simple terms Prop one, Prop thirty seven,

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<v Speaker 1>Prop forty five, the housing measures on the twenty twenty

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<v Speaker 1>six ballot. I'm Carl Demio, chairman who Perform California and

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<v Speaker 1>a California state representative, and in this episode, we're going

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<v Speaker 1>to cover Proposition one, thirty seven and forty five relating

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<v Speaker 1>to what the politicians say measures that will make housing

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<v Speaker 1>more affordable. Two of them actually will make it more

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<v Speaker 1>expensive and waste your money. Only one of them actually

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<v Speaker 1>is common sense affordability. Before I get onto these three propositions,

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<v Speaker 1>I want to urge you to check out the Plain

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<v Speaker 1>English voter guide from Reform California that covers not only

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<v Speaker 1>these propositions, but all statewide ballot propositions and the local

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<v Speaker 1>ballot propositions on your ballot. Go to election guide California

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<v Speaker 1>dot org. Election Guide California dot org and type in

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<v Speaker 1>your county. There you'll find a very customized, specific voter

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<v Speaker 1>guide in plain English terms that covers every single measure

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<v Speaker 1>on your ballot, including the local measures. There are a

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<v Speaker 1>number of tax hikes that the politicians have hidden on

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<v Speaker 1>the ballot, and of course all these measures have very

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<v Speaker 1>confusing and false ballot titles. You're trying to manipulate how

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<v Speaker 1>you vote. We give you the plain English description on

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<v Speaker 1>all measures on your ballot. Also, that voter guide covers

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<v Speaker 1>all the candidate races on your ballot. We evaluate every

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<v Speaker 1>candidate running for office on ballot and we only make

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<v Speaker 1>endorsements for reform minded, common sense, tax fighting candidates, even

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<v Speaker 1>in the judge races and school board races. So check

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<v Speaker 1>that out at election guide California dot org. Let's talk

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<v Speaker 1>about Proposition one, thirty seven, and forty five. These three

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<v Speaker 1>ballot propositions relate to housing costs. The first two are

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<v Speaker 1>recommended no votes No on Prop one and no on

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<v Speaker 1>Prop thirty seven. Both of these initiatives are bonds, so

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<v Speaker 1>Prop one borrows eleven point two five billion dollars and

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<v Speaker 1>Proposition thirty seven borrows twenty five billion dollars. So that's

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<v Speaker 1>thirty six point twenty five billion dollars of debt that

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<v Speaker 1>max is out the taxpayer's credit card. So already this

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<v Speaker 1>is pretty alarming. Now they say that they're going to

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<v Speaker 1>use money for Prop one bonds to basically give grants

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<v Speaker 1>and some cities to developers so that they can retrofit

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<v Speaker 1>old buildings, renovate them, build new housing maybe and provide

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<v Speaker 1>a little bit of loan money to veterans. They're using

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<v Speaker 1>veterans for Proposition one as window dressings, so would be careful.

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<v Speaker 1>The veterans are getting only a small fraction of the funds,

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<v Speaker 1>So all this borrowing. Under Proposition one, the eleven point

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<v Speaker 1>two to five billion dollars would go to developers in

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<v Speaker 1>large part. Under Proposition thirty seven, it's twenty five billion dollars,

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<v Speaker 1>and that would basically be used to create a California

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<v Speaker 1>state government mortgage lending program. Basically, the California state government

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<v Speaker 1>would become one of the largest mortgage brokers in the

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<v Speaker 1>entire state. I don't want government being more involved in

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<v Speaker 1>what should be a private sector transaction. Government has already

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<v Speaker 1>screwed things up royally giving them another mission to screw

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<v Speaker 1>up is not a good idea. But twenty five billion

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<v Speaker 1>dollars show that the government can give out loans, not

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<v Speaker 1>just individuals, but the real people they want to give

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<v Speaker 1>them money to, are you guessed it, developers, so that

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<v Speaker 1>developers can then go out and build. So let's take

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<v Speaker 1>a look at why these two measures are bad, and

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<v Speaker 1>that I'm urging a no vote, and we'll get to

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<v Speaker 1>the good one in just a minute. Prop forty five. First,

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<v Speaker 1>it's the borrowing thirty seven or thirty six point twenty

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<v Speaker 1>five billion dollars maxes out our credit card. Second of all,

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<v Speaker 1>nothing in Prop one or Prop thirty seven lowers the

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<v Speaker 1>cost of building housing, and that's our real problem. The

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<v Speaker 1>cost of building anything in California is exponentially higher. We've

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<v Speaker 1>heard horror stories about affordable housing projects that these rich

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<v Speaker 1>developers build with these government grants that cost a million

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<v Speaker 1>dollars per unit. So if you want affordable housing, if

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<v Speaker 1>you want to be able to reduce housing costs, you

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<v Speaker 1>have to bend the cost curve by slashing red tape

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<v Speaker 1>and regulations. Nothing in Prop one, nothing in Prop thirty

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<v Speaker 1>seven slashes regulations or red tape. In fact, it applies

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<v Speaker 1>even more red tape and regulations in the form of mandates.

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<v Speaker 1>Prop thirty seven in particular, requires that if a developer

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<v Speaker 1>gets money from Prop thirty seven, they have to hire

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<v Speaker 1>union only construction workers. So this is a gift to

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<v Speaker 1>the government unions, the organized building unions who give big

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<v Speaker 1>campaign contributions to politicians. Here is the legislative analysts, fiscal

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<v Speaker 1>assessment and implementation assessment. Developers that choose the qualified builder

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<v Speaker 1>option under those bonds would be required to meet higher

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<v Speaker 1>labor standards, which basically means you have to sign a

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<v Speaker 1>union only contract. Eighty five percent of construction companies are

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<v Speaker 1>non union, they would be basically cut out from doing

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<v Speaker 1>any construction on housing projects under this program. That's discriminatory.

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<v Speaker 1>So this bond program basically becomes a subsidy for rich

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<v Speaker 1>developers who give campaign contributions back to politicians. It becomes

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<v Speaker 1>a subsidy for no bid contracts for labor unions. That

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<v Speaker 1>makes it higher cost for the construction projects and really

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<v Speaker 1>only helps a few people when it comes to housing,

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<v Speaker 1>the lucky few that might win the lottery. This is

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<v Speaker 1>not the approach for affordable housing. Let's not borrow before

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<v Speaker 1>we reform so vote no on one and thirty seven.

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<v Speaker 1>Prop forty five is a good initiative. It actually does

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<v Speaker 1>the reform part I just referenced. Prop forty five says

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<v Speaker 1>that when projects are proposed, we should cut the red

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<v Speaker 1>tape on environmental reviews, and the environmental reviews will still

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<v Speaker 1>have to be done, but there will be an absolute

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<v Speaker 1>strict timeline for them to get the environmental reviews done

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<v Speaker 1>on these projects. Quicker. Prop forty five common sense red

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<v Speaker 1>tape regulatory reduction on housing projects that will make housing

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<v Speaker 1>projects more affordable. So those are the ballot propositions. If

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<v Speaker 1>you have any other questions on those measures, certainly contact

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<v Speaker 1>us at Reform California dot org. But please like this video,

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<v Speaker 1>share it so more people know about Props one, thirty

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<v Speaker 1>seven and forty five, and share the plain English voter

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<v Speaker 1>guide with as many people as you know at Election

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<v Speaker 1>Guide California dot org. Until next time, I'm Carl Demio,

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<v Speaker 1>Chairman of Reform California and at California State Representative. Thanks

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<v Speaker 1>for watching and I hope you enjoyed this episode. But

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<v Speaker 1>before you click away, please subscribe to this channel and

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<v Speaker 1>click that notification button so you get updated when we

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<v Speaker 1>post new episodes. Plus, like this video and share it

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<v Speaker 1>with your friends so that we can help spread our

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<v Speaker 1>message across the state. Hez