Correspondence - #33 - Laserfiche WebLink

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Orozco, Norma From: Aaron Peluso <cchcorp@gmail.com> Sent: Monday, September 20, 2021 2:48 PM To: eComment Subject: Oppose Item 33 - Rent Control and Just Cause Ordinances Dear City Clerk Gomez, As a city taxpayer and housing provider, I strongly oppose the rent control and just cause ordinances. I am extremely disappointed by the lack of community and stakeholder outreach. Especially since rent control has historically lacked community interest and voter support. The residents of Santa Ana have rejected rent control four times. Further, city council has been provided mis-information regarding our property by advocates of this proposal. Further there is nearly a unanimous consensus among economists that rent control is bad policy. https://www.forbes.com/sites/ada mm i I isa p/2019/O9/04/more-rent-control-i n-ca I iforn is-wi I I -ma ke-housi ng-problem- worse/?sh=699flf661955 https://www.wash i ngton post.com/opi n ions/2019/06/l5/comeback-rent-control-just-time-make-housi ng-shortages- worse/ https://fee.org/articles/how-we-know-ca I iforn ia-new-rent-control-law-wi I I -ma ke-its-housi ng-shortage-worse/ https://freakonomics.com/podcast/rent-control/ Additionally, this rent control proposal is the worst I have ever seen. It is guaranteed to result in dramatic housing market dysfunction for decades to come if it is adopted, as developers of rental housing avoid your city at all costs, forever. (or until repealed) The price controls are excessive. They will not allow housing providers to generate enough income to keep up with the cost of inflation or our actual expenses of operating rental housing. Current state law at least provides a balance by allowing for a fair and reasonable rate of return and a cap against excessive rent increases. In addition, the City of Santa Ana has $35 million to help renters who are in need. The just cause ordinance creates too many loopholes for bad actors to vandalize our properties and endanger other renters without consequence. The just cause ordinance makes it nearly impossible to remove dangerous elements from the community without a bureaucratic and lengthy legal process. It is also unclear what the cost is to manage this bureaucracy. The few cities in California that have adopted rent control spend millions of dollars per year on regulatory enforcement. This money could be better used to improve parks, libraries, and public safety. Please vote NO on the rent control and just cause ordinances. Sincerely, Aaron Peluso 432 S Harbor Blvd Santa Ana, CA 92704 cchcorp@gmail.com