Well, not really.  But a state measure is on the ballot that would end rent control as we know it in cities like Berkeley, Oakland and San Francisco.  The measure has renters groups crying foul even though the passing of the measure would not affect current leases.  Renters argue that a lack of rent control would lead to thousands of evictions in the city.

Proponents of the measure say rent control subsidizes units, not people, in that rich tenants get the same benefits as poor tenants.  I for one know a managing director at a large firm that makes about $400k and lives in a rent controlled 4bd/3ba flat in Pacific Heights that says he has no incentive to ever buy a place in the city.  His rent is $2,000 per month, while the market rate is about $8,000 per month.  Keep in mind that this guy could easily afford the higher price without hardship.  That’s just nuts to me.

Read the entire Chronicle article to get deeper perspectives on both sides of this issue.  It is a fascinating read that I think fairly represents the differing views.

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

If you Connect with Facebook your email address will not be published.

Enter the anti-spam code displayed above (required)