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Orozco, Norma <br />From: Opittek <eopittek@cox.net> <br />Sent: Tuesday, October 12, 2021 5:24 PM <br />To: eComment <br />Subject: Re: SA Rent Control <br />Categories: Correspondence <br />I hope you have taken this into consideration <br />On Oct 1, 2021, at 1:28 PM, Opittek <eopittekkcox.net> wrote: <br />My opinion for consideration. Our family has owned a small apartment building in Santa Ana <br />for over 70 years, kept our rents low and have had no evictions to my knowledge. We worked <br />with one tenant and received some Covid rent relief funds. We are totally against rent control <br />since it has been shown in studies to result in property degradation, slums and stops future <br />development investment. And this at a time when there is a housing shortage in CA. If you are <br />hell bent on passing this, consider a 1-2 year sunset and collect data such as # units , bldg. age, <br />rents, sales, values, code violations, building permits, etc., then reconsider at the end of that <br />period. Also your rent increase cap is too low, consider CPI or 3% whichever is greater. I have <br />read that 70% of residential bldgs are over 50 yrs old (probably older in SA) and you know all <br />costs, but especially maintenance costs, have significantly increased. <br />Also it is noteworthy that besides the ever encroaching government cancer on our property rights, Mother <br />Nature is taking her toll on our buildings. Years ago I read that over 70% of OC residential buildings are over <br />50 yrs old requiring ever increasing maintenance and repairs expense; new roofs, repipe, rewire etc. I even had <br />to repair a sinking settling slab. These are 10's of thousands of dollars in expense. And you all think it is <br />reasonable to disinsentivize new building investment with this crazy move. The State rent control is bad <br />enough but it seems more targeted at owners that really over charge. I don't think we have ever increased our <br />rents over 8%. We try to get closer to market <br />at turnover. Maybe that's how to avoid evictions. Consider these thoughts and the sunset and data collection <br />ideas. <br />