- An Irvine-based company is serving the Southern California market.
- Developers are linking Newport Beach, Irvine, and Long Beach in new construction projects, involving Panattoni and Redwood West.
- High income growth in Southern California cities, comparing trends between Central Valley and the Bay Area.
Study finds rent control in Santa Ana associated with faster rent growth
What happened
A study by Beacon Economics, supported by the Pacific West Association of REALTORS®, examined the impact of Santa Ana’s Rent Stabilization Ordinance, which was adopted in 2021. The research compared older, rent-controlled properties in Santa Ana to newer, uncovered units, and also compared Santa Ana to cities including Irvine and Anaheim. The analysis concluded that the rent control policy in Santa Ana was associated with faster rent growth rather than keeping rents down.
From manilatimes.net
Why it matters
The findings challenge the premise that rent control policies reduce housing costs, suggesting that the policy may accelerate rent increases. The study uses Irvine and Anaheim as comparison points to examine rental market trends across Southern California cities.
Southern California cities are experiencing high income growth, prompting comparisons of housing trends between the Central Valley and the Bay Area.
From manilatimes.net
Who's involved
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The entities involved
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Irvine
city in Orange County, California, United States
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Anaheim
most populous city in Orange County, California, United States