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trying to rent multiple units. They just want to rent one and that's enough. The entities who do buy or rent more than one unit of housing at any given time are exactly the entities that the two ordinances aim to protect tenants against. "But because of the low profits on rc units, developers will become reluctant to invest in rental buildings choosing instead to build non-rental condos." If a LL has low profit margins on RC units, that's not the responsibility of the local market or the tenants who pay rents. LLs can set market rate rents for new tenants. Current tenants shouldn't have to bear the brunt of LLs making poor business and financial decisions. Developers who are reluctant to invest in rental buildings, once they run their analyses on potential acquisitions, may actually find that RC units are more profitable than they perceive. Until they actually run their analyses, the notion that RC alone is the sole deterrent to investment, is all conjecture. All investments are risky and the notion that somehow real estate is a special class of investment that warrants protection of perpetual profit is absurd to me, but I personally don't believe in relying on the government to bail me out or subsidize my poor financial decisions like Wall Street did in 2008 and currently with the Fed keeping the stock market afloat in 2021. "but there are proven policies that do work for everyone. like rental housing vouchers that support tenants financially, rezoning to increase development of new affordable housing, and a smarter tax system and regulations that do not shift extra costs onto tenants and keep rents affordable for everyone." Again, rent control is not an attempt to fix all the housing affordability issues in any given area. It is an attempt to provide stability for long term residents and protections against bad landlords. Rental housing vouchers wouldn't be necessary if a Landlord didn't keep increasing rents - especially if and when a property no longer has mortgages/liens/financial obligations outside of basic housing expenses. Rezoning is one other tool besides rent control that should absolutely be explored so as to increase the supply, but again, supply is separate from demand which determines prices, not supply alone. A smarter tax system or any regulation may still result in a business passing on costs to consumers, so I question that notion. On Tue, Oct 12, 2021 at 10:31 PM Mendoza, Nelida <nmendoza@santa-ana.org> wrote: Hello Nathaniel: Yes, I have heard you speak elonquently at council meetings. This landlord example is a travesty. You may report this type of abuse through HUD, the Health Department, the Better Business Bureau, and the Consumer Affairs Division. Hud Multifamily Housing Complaint Line call toll-free at (800) 685-8470. I actually agree with you and Tenants United of Santa Ana. We both want the same thing—keep rents affordable, have quality living conditions, be treated with dignity and respect. I really appreciate you reaching out to me to provide information and have a meaningful discussion rather than post negative comments on social media or portray me as a heartless politician. Our city is the laughing stock of our county because of the division reflected at our council meetings. 4