- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: San Francisco is officially the most expensive rental market in the country
Posted on 3/5/15 at 6:28 pm to HailHailtoMichigan!
Posted on 3/5/15 at 6:28 pm to HailHailtoMichigan!
quote:
Doesn't SF have rent control? How are prices ballooning upward if there was a cap on pricing?
What they have is artificial scarcity of affordable housing due to restrictive NIMBY type of zoning regs.
Posted on 3/5/15 at 6:40 pm to Big Scrub TX
I believe rent control applies only to multi-unit buildings of 4 or more units built before 1979.
Single family homes excluded.
And if you want to turn your apartment rental building into a condo, you have to go through an Ellis Act eviction. It will cost you upwards of tens of thousands PER TENANT to evict.
I have friends that have lived in buildings that tried to convert. They were offered upwards of $50,000 to move out. Some just simply state, "nope." And if tenants are over 65, you cannot evict them. At all.
No thank you to being a landlord in SF.
Single family homes excluded.
And if you want to turn your apartment rental building into a condo, you have to go through an Ellis Act eviction. It will cost you upwards of tens of thousands PER TENANT to evict.
I have friends that have lived in buildings that tried to convert. They were offered upwards of $50,000 to move out. Some just simply state, "nope." And if tenants are over 65, you cannot evict them. At all.
No thank you to being a landlord in SF.
Back to top
Follow TigerDroppings for LSU Football News