Showing posts with label Rent. Show all posts
Showing posts with label Rent. Show all posts

Wednesday, March 1, 2023

Santa Barbara rents rose 9% in 2022

Rents in Santa Barbara, California increased by 9% in 2022, according to the annual report by Hayes Commercial Group, as apartment vacancies fell to 1.7%. 

Tenant rights activists addressed the Santa Barbara City Council to protest "renovictions," whereby landlords evict tenants to make property improvements. These "mass evictions" frequently occur under the guise of renovations, de-regulate rent and resell, said Stanley Tzankov, co-founder of the Santa Barbara Tenants Union. 

He argued that "renovictions" are the only legal method to evict tenants in large multifamily apartments. Furthermore, apartment sales in the South Coast area are flourishing, with $141m spent in 2022, the largest total since 2015.

New county redistricting map adopted, legal challenges loom

San Luis Obispo County's Board of Supervisors voted 3-2 on Tuesday, along party lines, to adopt Map A for redistricting, with Supervisor...