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■ Cities such as Dallas, Houston or Phoenix, where development is welcome, have often had <br />vacancy rates above 8%. In these areas, there is a surplus of housing as opposed to a shortage. <br />Landlords commonly advertise move -in specials, incentives and promotions with reduced rental <br />rates. In markets such as New York, Oakland, San Francisco or Santa Monica, the vacancy rate is <br />less than 3% and these specials or incentives are non-existent. <br />■ Providing housing is perceived by some as an illegitimate enterprise. Landlords are painted as <br />"greedy" enemies of the public in rent -controlled jurisdictions. <br />Rent Control Issues and Impacts —June 1994; School of Business Administration, California State <br />University Sacramento <br />Both Berkeley and Santa Monica lost rental housing units while their reference counties added <br />housing stock, both single-family and multi -family structures of five or more units. <br />• Both Berkeley and Santa Monica showed declines in renter -occupied rooms where as their <br />reference counties saw an increase in renter -occupied rooms. <br />• Rent ordinances may cause a blas against certain age groups as the data indicates family <br />composition may be affected as the number of persons in their early child-bearing years is <br />declining in both cities. The same can be said for the elderly population that is barely increasing <br />In both of these cities and rapidly increasing in their reference counties. <br />■ The comparisons indicate that rent control ordinances offer a benefit to some renters, but it is <br />not clear to whom they are intended. <br />• Gentrification is the opposite of what the Berkeley and Santa Monica ordinances sought to <br />achieve, but it is rapidly occurring in both cities. The data shows that the rent control <br />ordinances do not meet their stated goals. <br />The Apartment Association of Orange County welcomes the opportunity to participate in a thoughtful <br />discussion and to help create and adopt policies that will lead to solutions. We thank you for your <br />consideration and trust that your leadership will help Santa Ana continue on a path of progress and <br />prosperity that always carries with it the fine culture and history that make the city special and unique. <br />ncerely, <br />1 <br />colas A. D n p Lou Penrose <br />Vice President, Legislative Co mittee Executive Director <br />Immediate Past President <br />Page 4 of 4 <br />