By Kip Dellinger
The Lookout’s article "Santa Monica’s Newer Renters Pay More than Double What Long-Time Tenants Pay" (April 1, 2019 ) based on the Rent Control Board’s annual report is interesting and informative.
However, the agency's report reads like an apologia for the use of government power to achieve the theft of what amounts to $4 billion a year in property value.
Of course, it is couched in language that implies that post-Costa Hawkins tenants are somehow victims of increased rents they willingly contracted to pay and which are, in fact, ‘controlled’ from that point on.
Read More: http://surfsantamonica.com/ssm_site/the_lookout/letters/Letters-2019/04_08_2019_OPINION_Rents_in_Santa_Monica.html