SF and Daly City: Rent Control Soon to be Uncontrolled? (://URLFAN)

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SF and Daly City: Rent Control Soon to be Uncontrolled?

Post Date: May 22, 2008 4:35 p.m.
Ranked website: blogfeeds.redfin.com (Not Ranked Yet)

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http://blog.redfin.com/sfbay/2008/05/sf_and_daly_city_rent_control_soo...


I am a renter, and thus depend on rent contol to keep my $1968 per month one bedroom plus office affordable.  Still, I do see the issue from the property owner’s view, especially when a tenant has been sitting on a unit for decades, maybe paying $600 for something that’s now renting at 4 times that elsewhere.  Both sides on the issue have a point: rent contol protects tenants; it also unfairly burdens owners with unprofitable rentals and drives new rental prices up as compensation.                                     Prop 98 then, you’d think, would be getting a lot of political play in this city, since it aims to abolish rent control along with eminent domain.  Curiously, the issue has had very little press.  I’m not alone in noticing this: Socketsite posted a commenter’s blog recently saying very much the same thing: i’m a little mystified that prop 98 is not getting more play in SF. prop 98 is the s...

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