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Posted on January 18 at 12:52 p.m.
My apologies to DrDan. I referenced the wrong letter writer. My response was for Lucas.
On Not the Only One
Posted on January 18 at 12:49 p.m.
DrDan states that "Tenants do not possess full knowledge and are under compulsion. They need to put a roof over their heads." So what? There is no right to live in Santa Barbara. If someone can't afford it here then they should reevaluate their lifestyle choices and look for less expensive digs. Wow, I'll bet the geniuses at HUD calculate the "fair market value" of a one bedroom apartment in NYC as $1,500 per month. That is absurd and has no relation to economic reality. Just because a government agency suggests something that doesn't mean it is true or real.
You state that "In a normal town, proper competition keeps landlords honest. There are so few rentals in Santa Barbara that nothing can make a landlord charge fair rents and properly fulfill their responsibility". News flash: Santa Barbara is not a "normal" town. It is a wealthy, exclusive enclave and that is why certain people choose to live and vacation here. If you want a "normal" town then I have two words for you - hello Cleveland.
Please go take economics 101. That "there are so few rentals in Santa Barbara" is the reason why landlords can charge more for less. Supply and demand. I am sure you would love to use the force of government to "compel" owners to charge "fair market value" according to a formula that you devise. I'll pass.
Posted on January 14 at 6:01 a.m.
... "HUD has determined that the 2012 fair market rent for a 2/1 apartment in the 93101 zip code to be $1310/month. Yet some landlords want that for their crummy studios." ...
I'm sorry. HUD des not "determine" rental rates in Santa Barbara or anywhere else. That is done by something called the free market. Landlords charge what they can get. Wouldn't you do the same thing with your used car or old computer? Or should a government agency also "determine" those prices as well?