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To: Santa Ana Council Members, Re: Rent Control Results <br />The unintended results of rent control have resulted in negative <br />impacts on the cities using it: <br />1. Rental property owners cannot afford to maintain the units so <br />rental property will become run-down. Over time the city will also <br />become a run-down city. <br />2. Owners will change the rental property to condominiums or to <br />commercial property eliminating the rental units. <br />3. Number of available rental units will decrease in the city. <br />4. Homelessness numbers in the city will increase. <br />5. Persons taking rent control properties will increasingly be high <br />income persons not low-income families. <br />6. Great differences between rent control and non -rent control <br />properties will develop. Non -rent control units will be much <br />higher in price than would be found in a normal rental market. <br />Numerous studies by universities and economic experts have verified <br />the above results. In many economics books, rent control is given as the <br />prime example of unintended consequences of a law. <br />The cure for increasing rents is the building of numbers of new homes <br />and rental units. Rental unit owners will tell you that there were <br />several recent years where rents could not be raised as there were <br />too many vacant rental units. <br />