Now that the first Tuesday has passed and the polls are closed, let me give a few comments about real estate-related measures and propositions on the ballot yesterday in the Sacramento area.
Measure D: A vote on Arden-Arcade Cityhood
Residents voted very strongly against the Arden-Arcade area of Sacramento becoming a city. Based on conversations with residents and signage over the past two months, it seemed like the “no” vote was strong, but it was actually overwhelmingly strong with 76.05% of the vote against cityhood. The most recent areas in Sacramento County to become cities have been Rancho Cordova, Citrus Heights & Elk Grove, but Arden-Arcade will not join their ranks anytime soon.
A blog post on the “Stay Sacramento” website today says the following:
In a lopsided win, Measure D went down to a sounding defeat with gathering only 23% of the vote to an overwhelming 76% of voters who said no to this risky venture. It was a passionate fight on both sides but the majority vote won out to prevent another layer of government coming to our region. Today it is time to forge forward and work together to make our communities better. We hope those who supported Measure D will join us in our efforts.
Proposition 19: Legalization of Marijuana.
This proposition did not pass, so I suppose I’ll continue to see more tomato and cucumber plants in backyards of properties I inspect instead of cannabis. 58.97% of voters said “no” to the legalization of marijuana. Speaking of pot, I just looked up half-a-dozen local pot house comps for a local Realtor who recently listed a former “growing facility” in a nearby community. Would you purchase a house that was formerly used for marijuana cultivation?
Any thoughts on the propositions above or any others that you feel impact real estate?
