From:
Subject: rent stabilization
Date: Saturday, September 02, 2023 10:48:06 AM
Dear City Council Members,
I am a senior on a fixed income who's lived in Fircrest Senior Mobile Home Park for 10 years.
My base rent when I moved in 10 years ago was $665.60. Even with rent stabilization my current base rent is $911.52. We've been fortunate that the annual CPI has stayed relatively low - I think my highest yearly increase was 3% - until this year's increase of 6%. My Social Security cost of living increases are definitely not keeping up with my rent increases.
I would like to add my voice in urging you to amend the current Rent Stabilization Ordinance to limit annual rent increases to no more than 70% of the CPI with a 4% cap.
Thank you,
S. Lyn Jones