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Tuesday, March 25, 2008

Prop 98 Funded Mostly By Landlords

Posted By on Tue, Mar 25, 2008 at 9:11 AM

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Both BeyondChron and Calitics have a breakdown of the campaign reports filed yesterday for Prop 98 and, not surprisingly, it looks like landlords dug deep down in their pockets to support the proposition that will abolish rent control if passed. Choice numbers:
Of the $2.7 million raised by Yes on 98 through March 21, $2.17 million comes from apartment and mobile home park owners and the associations that represent them.

$1,009,918 from apartment owner interests

$1,252,852 from mobile home park owner interests

Proponents would have you believe that Prop 98 is all about protecting farmers and such from eminent domain laws. If there is one thing that landlords are known for, it's throwing money selflessly at causes that help protect renters' rights. Read the full report here. -Andy Wright

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Andy Wright

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