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To: CJ Wolf
So this guy is making bank on idiots.

Yes, certainly so. Every generation has it's percentage of idiots. This new younger generation has more than previous generations.

SF is expensive, but illegal aliens somehow manage to get housing without doing this pod-share crap. My oldest daughter with her husband and my granddaughter were living in a nice apartment across from GG Park in an upscale area of SF, for $1600 a month, included a garage space. One block from trendy restaurants and stores, bus stops, and perks across the street in GG Park including museums and band events. They moved about 5 years ago with the arrival of a 2nd child to a larger apartment down the peninsula, and the landlord instantly doubled the rent to $3200 for the next tenant. Yikes! Things got expensive quickly for tenants in SF, blame that on rent controls. When you can't raise rents much on existing tenants, you hike it extremely high on a new incoming tenant. But there is still available housing if one is willing to go further out of the city into the suburbs and either drive or take public transportation. Liberal democrat policies that hurt landlords is taking rental units off the market in SF, or hiking rents on incoming tenants.

My neighbor's brother can't get rid of a tenant that has been paying low rent for many years, in order to refurbish the house of two flats for his own family's use. The law won't allow him to evict the tenant. The tenant has even rejected offers of cash to move out (offered $40,000). Under SF rent laws, senior tenants have the right to live there until they die without fear of eviction. This is why landlords are taking rental units off the market, when they can legally do so. Had that happen to friends that owned rental property in SF, they sold it off as soon as they could. Stupid laws that discriminate against landlords.

47 posted on 07/11/2019 4:26:38 PM PDT by roadcat
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To: roadcat

Those stupid laws designed to protect tenants really disincentivize operating rental properties - which in turn raises rents even higher.


50 posted on 07/11/2019 6:46:41 PM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
[ Post Reply | Private Reply | To 47 | View Replies ]

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