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Araiza, Fatima <br />From: Opittek <eopittek@cox.net> <br />Sent: Friday, October 01, 2021 1:29 PM <br />To: eComment <br />Subject: SA Rent Control <br />My opinion for consideration. Our family has owned a small apartment building in Santa Ana for over 70 years, kept our <br />rents low and have had no evictions to my knowledge. We worked with one tenant and received some Covid rent relief <br />funds. We are totally against rent control since it has been shown in studies to result in property degradation, slums and <br />stops future development investment. And this at a time when there is a housing shortage in CA. If you are hell bent on <br />passing this, consider a 1-2 year sunset and collect data such as # units, bldg. age, rents, sales, values, code violations, <br />building permits, etc., then reconsider at the end of that period. Also your rent increase cap is too low, consider CPI or <br />3% whichever is greater. I have read that 70% of residential bldgs are over 50 yrs old (probably older in SA) and you <br />know all costs, but especially maintenance costs, have significantly increased. <br />10 <br />