Real estate money rigging the system against Californians
The California real estate industry’s two premier front groups driving high housing costs, luxury housing development and displacement are the California Association of Realtors (CAR) and the California Apartment Association (CAA). The California Business Roundtable (CBR) also serves as a funneling front for some of the largest California corporations, including massive landowners.
These three organizations with key allies have funneled over $157.3 million dollars through nearly three dozen political action and independent expenditure committees from January 1, 2020 to September 19, 2020 to keep voters from breaking their stranglehold on California politics and politicians.
$157,300,000
#NotForSale In the News
Who’s paying to rig the rules in California?
Year after year, massive corporations and their ultra-rich bosses rake in billions by profiting off of Californians and our homes — and the richest are getting richer in the pandemic. Together, they control our homes, the land our communities are built on, who can live on it and for how much. Through front groups like the California Apartment Association, California Association of Realtors, and California Business Roundtable, they spend millions to keep control over this rigged system and make sure that no one will stop them.
Who’s selling out California?
Californians want stable homes and communities where their families and futures thrive. But many of our politicians, instead, sell our dreams out to maximize corporate profits. When communities fight back at the ballot, corporations, billionaires and their allies shell out millions to protect corporate profits.
Who’s fighting back?
California communities have stood together to stop absentee speculators and billionaire corporations from driving the housing displacement and homeless crisis. We have capped outrageous rent hikes, stopped unjust evictions, won back our homes and passed policies to limit the influence of corporate money on local decisions. We are organizing to make sure billionaires pay their fair share so our schools and communities can thrive and neighbors continue to keep their homes.
