Everyone on the city council either owns their own homes. Or are protected by rent control. Or are so rich they don’t care.
Historically the council has done everything they can to stop you owning your own home. (TORCA allowed it for a short while, but the council fought it, and then killed it off as soon as they could.)
Read More: https://smmirror.com/2022/11/sma-r-t-column-renting-and-owning-the-santa-monica-long-view/