Council changes wording on vacancy de...

Council changes wording on vacancy decontrol ballot item

There are 1 comment on the The Coast News story from Feb 29, 2012, titled Council changes wording on vacancy decontrol ballot item. In it, The Coast News reports that:

To avoid a possible citizen lawsuit City Council revised ballot wording on the vacancy decontrol ordinance at a special meeting Feb.

Join the discussion below, or Read more at The Coast News.

Jerry Lenhard

Escondido, CA

#1 Mar 2, 2012
There's no such thing as "Market Rent" in mobilehome parks. "Market Rent" was a phrase invented by parkowner attorneys several yrs ago, for
use at rent hearings. One need only tour Escondido to find out how Vacancy DE-CONTROL has destroyed the value of mobilehomes. When rents are raised 30-50 percent, the value of the home DECREASES by an equal
amount. Therefore, the parkowner is stealing the equity of the homeowner. I can DOCUMENT the HOA fees in a resident-owned park is under $150 per mo. This fee (rent) pays 100 % of the park upkeep & INCLUDES
Reserve Funds, which NO RENTAL PARK even has, to my knowledge. Escondido & residents have sued 7 parkowners, winning all suits. We've proven it's NOT unusual for a parkowner to make OVER 50-70%
"Profit on investment". VACANCY DE-CONTROL IS A
PROVEN that RESIDENTS have $3 invested in any mobilehome park to the parkowners $1.

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