By Steve Rose
Re “Mayor Is Scorched for His Anti-Rent Control Views”
As I read the misinformation campaign this morning that 50 percent of Culver City are renters, I wondered where this misinformation came from? It is not reading to the bottom of the page.
Culver City has about 10,500 single-family homes and about 7,500 multi-family households.
Now let’s read to the rest of the facts. During the 1980s, there was a large move to convert apartments to condominiums and townhouses. The entire Raintree, Tara Hill and Lakeside developments on the old MGM Lot 3 were converted from about half apartments to all condominiums.
The Fox Hills area – built mostly as apartments in the ‘60s and ‘70s – was converted to mostly condominiums at the same time as Raintree.
My count shows that there are only three apartment buildings left in the Fox Hills area. Another example of multi-family housing is the Beverlywood Townhouse, which is mostly owner-occupied and not rentals, further lowering letter-writer Shireen Daytona’s inflated projections.
The vast majority of multi-family apartments in Culver City are duplexes, triplexes and four-unit, family-owned investment properties.
Many condos are being rented out by families and the elderly to supplement their retirements as an investment in Culver City’s future.
If the city were to decide to negatively impact Culver City seniors and their families, it would begin a decade-long financial crippling of our residential community.
My main purpose in writing is to get the facts correct and not to allow misinformation to stand as fact.
I’m Steven Rose, 66-year resident, current President of the Culver City Chamber Commerce.
I am writing as a voter and former mayor/City Councilmember. I do own commercial property, and I do not own any residential rental property.
This is my own view and does not represent any opinion of my employer.
Mr. Rose may be contacted at ssssteve@culvercitychamber.com
