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Orozco, Norma <br />From: <br />John Townswick <jtowns2@att.net> <br />Sent: <br />Tuesday, October 19, 2021 12:03 PM <br />To: <br />eComment <br />Subject: <br />Let us review <br />Our governor signed an ADU bill a year ago and passed legislation to add additional homes on California properties. We <br />are in a real estate home value increase which unfortunately increases rents. The good thing is rents go down when <br />home prices go down. It is called reverting to the mean. Lastly if rents are capped, landlords can sell and new owners <br />become disenchanted with rentals. Money goes where it is treated well. <br />Thanks <br />Sent from my iPhone <br />