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Orozco, Norma <br />From: <br />Cameron Irons <cirons@svn.com> <br />Sent: <br />Monday, October 18, 2021 3:14 PM <br />To: <br />eComment <br />Subject: <br />Rent Control <br />Categories: Correspondence <br />I ask you to reconsider the implementation of this draconian ordinance. While many jurisdictions are passing <br />rent control ordinances none has been as severe as the one you are proposing to approve. The amount of <br />increases allowed will not keep up with the rising costs of maintaining properties and will have the effect of a <br />government taking of the properties. <br />If an owner can not raise rents sufficiently to support the building's ongoing expenses they will not be able to <br />refinance the property and likely lose it to the lender or need to sell it at a loss. There will also be incentive to <br />spend less on maintenance causing more blighted properties. <br />If the government wants to make apartments more affordable it should provide rental assistance to the residents <br />who qualify. This blunt instrument keeps rent low on everyone, including those who can afford more. In turn <br />these people will not move, reducing housing stock. <br />Please vote NO on rent control. <br />�ilv,SVN� <br />VANGUARD <br />COMMERCIAL REAL ESTATE ADVISORS <br />SALES i LEASING i MANAGEMENT <br />Cameron Irons I Executive Director <br />Orange County <br />120 W 5th Street # 210 <br />Santa Ana, CA 92701 <br />San Diego <br />4455 Murphy Canyon Road <br />San Diego, CA 92123 <br />License #: 01176224 <br />office: 714.446.0600 <br />desk: 949.558.0301 <br />mobile: 714.404.5256 <br />email. cirons _ svn.com <br />web: www.svnvanquard.com <br />FRAUD DISCLOSURE <br />Communicating through email is not secure or confidential; therefore, SVN will never send instructions to you regarding wire transferring of funds or <br />requests for confidential financial information such as credit card numbers or bank account or routing numbers by email. If you receive an email <br />12 <br />