Speaker 1: In California's upcoming twenty twenty six midterm election, voters are
Speaker 1: going to be asked to vote on three ballot propositions.
Speaker 1: Prop one, Prop thirty seven, and Prop forty five. All
Speaker 1: relate to making housing more affordable, but two of them
Speaker 1: actually waste your tax dollars while making housing more expensive.
Speaker 1: Only one of them deserves a yes vote. Coming up,
Speaker 1: we will address in simple terms Prop one, Prop thirty seven,
Speaker 1: Prop forty five, the housing measures on the twenty twenty
Speaker 1: six ballot. I'm Carl Demio, chairman who Perform California and
Speaker 1: a California state representative, and in this episode, we're going
Speaker 1: to cover Proposition one, thirty seven and forty five relating
Speaker 1: to what the politicians say measures that will make housing
Speaker 1: more affordable. Two of them actually will make it more
Speaker 1: expensive and waste your money. Only one of them actually
Speaker 1: is common sense affordability. Before I get onto these three propositions,
Speaker 1: I want to urge you to check out the Plain
Speaker 1: English voter guide from Reform California that covers not only
Speaker 1: these propositions, but all statewide ballot propositions and the local
Speaker 1: ballot propositions on your ballot. Go to election guide California
Speaker 1: dot org. Election Guide California dot org and type in
Speaker 1: your county. There you'll find a very customized, specific voter
Speaker 1: guide in plain English terms that covers every single measure
Speaker 1: on your ballot, including the local measures. There are a
Speaker 1: number of tax hikes that the politicians have hidden on
Speaker 1: the ballot, and of course all these measures have very
Speaker 1: confusing and false ballot titles. You're trying to manipulate how
Speaker 1: you vote. We give you the plain English description on
Speaker 1: all measures on your ballot. Also, that voter guide covers
Speaker 1: all the candidate races on your ballot. We evaluate every
Speaker 1: candidate running for office on ballot and we only make
Speaker 1: endorsements for reform minded, common sense, tax fighting candidates, even
Speaker 1: in the judge races and school board races. So check
Speaker 1: that out at election guide California dot org. Let's talk
Speaker 1: about Proposition one, thirty seven, and forty five. These three
Speaker 1: ballot propositions relate to housing costs. The first two are
Speaker 1: recommended no votes No on Prop one and no on
Speaker 1: Prop thirty seven. Both of these initiatives are bonds, so
Speaker 1: Prop one borrows eleven point two five billion dollars and
Speaker 1: Proposition thirty seven borrows twenty five billion dollars. So that's
Speaker 1: thirty six point twenty five billion dollars of debt that
Speaker 1: max is out the taxpayer's credit card. So already this
Speaker 1: is pretty alarming. Now they say that they're going to
Speaker 1: use money for Prop one bonds to basically give grants
Speaker 1: and some cities to developers so that they can retrofit
Speaker 1: old buildings, renovate them, build new housing maybe and provide
Speaker 1: a little bit of loan money to veterans. They're using
Speaker 1: veterans for Proposition one as window dressings, so would be careful.
Speaker 1: The veterans are getting only a small fraction of the funds,
Speaker 1: So all this borrowing. Under Proposition one, the eleven point
Speaker 1: two to five billion dollars would go to developers in
Speaker 1: large part. Under Proposition thirty seven, it's twenty five billion dollars,
Speaker 1: and that would basically be used to create a California
Speaker 1: state government mortgage lending program. Basically, the California state government
Speaker 1: would become one of the largest mortgage brokers in the
Speaker 1: entire state. I don't want government being more involved in
Speaker 1: what should be a private sector transaction. Government has already
Speaker 1: screwed things up royally giving them another mission to screw
Speaker 1: up is not a good idea. But twenty five billion
Speaker 1: dollars show that the government can give out loans, not
Speaker 1: just individuals, but the real people they want to give
Speaker 1: them money to, are you guessed it, developers, so that
Speaker 1: developers can then go out and build. So let's take
Speaker 1: a look at why these two measures are bad, and
Speaker 1: that I'm urging a no vote, and we'll get to
Speaker 1: the good one in just a minute. Prop forty five. First,
Speaker 1: it's the borrowing thirty seven or thirty six point twenty
Speaker 1: five billion dollars maxes out our credit card. Second of all,
Speaker 1: nothing in Prop one or Prop thirty seven lowers the
Speaker 1: cost of building housing, and that's our real problem. The
Speaker 1: cost of building anything in California is exponentially higher. We've
Speaker 1: heard horror stories about affordable housing projects that these rich
Speaker 1: developers build with these government grants that cost a million
Speaker 1: dollars per unit. So if you want affordable housing, if
Speaker 1: you want to be able to reduce housing costs, you
Speaker 1: have to bend the cost curve by slashing red tape
Speaker 1: and regulations. Nothing in Prop one, nothing in Prop thirty
Speaker 1: seven slashes regulations or red tape. In fact, it applies
Speaker 1: even more red tape and regulations in the form of mandates.
Speaker 1: Prop thirty seven in particular, requires that if a developer
Speaker 1: gets money from Prop thirty seven, they have to hire
Speaker 1: union only construction workers. So this is a gift to
Speaker 1: the government unions, the organized building unions who give big
Speaker 1: campaign contributions to politicians. Here is the legislative analysts, fiscal
Speaker 1: assessment and implementation assessment. Developers that choose the qualified builder
Speaker 1: option under those bonds would be required to meet higher
Speaker 1: labor standards, which basically means you have to sign a
Speaker 1: union only contract. Eighty five percent of construction companies are
Speaker 1: non union, they would be basically cut out from doing
Speaker 1: any construction on housing projects under this program. That's discriminatory.
Speaker 1: So this bond program basically becomes a subsidy for rich
Speaker 1: developers who give campaign contributions back to politicians. It becomes
Speaker 1: a subsidy for no bid contracts for labor unions. That
Speaker 1: makes it higher cost for the construction projects and really
Speaker 1: only helps a few people when it comes to housing,
Speaker 1: the lucky few that might win the lottery. This is
Speaker 1: not the approach for affordable housing. Let's not borrow before
Speaker 1: we reform so vote no on one and thirty seven.
Speaker 1: Prop forty five is a good initiative. It actually does
Speaker 1: the reform part I just referenced. Prop forty five says
Speaker 1: that when projects are proposed, we should cut the red
Speaker 1: tape on environmental reviews, and the environmental reviews will still
Speaker 1: have to be done, but there will be an absolute
Speaker 1: strict timeline for them to get the environmental reviews done
Speaker 1: on these projects. Quicker. Prop forty five common sense red
Speaker 1: tape regulatory reduction on housing projects that will make housing
Speaker 1: projects more affordable. So those are the ballot propositions. If
Speaker 1: you have any other questions on those measures, certainly contact
Speaker 1: us at Reform California dot org. But please like this video,
Speaker 1: share it so more people know about Props one, thirty
Speaker 1: seven and forty five, and share the plain English voter
Speaker 1: guide with as many people as you know at Election
Speaker 1: Guide California dot org. Until next time, I'm Carl Demio,
Speaker 1: Chairman of Reform California and at California State Representative. Thanks
Speaker 1: for watching and I hope you enjoyed this episode. But
Speaker 1: before you click away, please subscribe to this channel and
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Speaker 1: with your friends so that we can help spread our
Speaker 1: message across the state. Hez