Santa Monica, 1% vs. Los Angeles, 4%
by Chuy90023

Of course, I’m talking about Santa Monica’s newly adopted rent increase of 1 percent (effective September 2009 through August 2010) for their rent-controlled units, compared to the 4 percent increase the city of Los Angeles will allow in our rent-stabilized units (effective July 2009 through June 2010). Santa Monica’s Rent Control Board approved the relatively small increase last week in consideration of the hard times that currently afflict even the bourgie classes of renters in that city. To say the least, it’s thought-provoking to see the contrast between the two cities’ rent policies… to think that those of us lucky enough to live in rent-stabilized units in LA could see our rents go up 4 percent after July 1—even while housing market rates actually drop in the face of rising unemployment.
How the hell can that be, you ask?
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