Owners fear city will add red tape to conversions

Well, Chris Daly is at it again, bringing yet another soon-to-be-ruled-ridiculous piece of legislation to the 'Supes.

From today's SF Business Journal, "A proposal expected to go before a San Francisco supervisors committee would require that more apartment buildings get Planning Commission approval before converting to condominiums -- a change opponents say complicates an already difficult process."

"Specifically, Daly's proposal calls for Planning Commission hearings when buildings of two or more units apply for condo conversion. Those hearings are only held for apartment buildings of five or more units now."

So, here we go again... Daly is suggesting this in attempt to almost criminalize the act of homeownership. And what happens when a market with strong demand gets pushed? First they will point out what a jackass Daly is, then they'll find other ways to work around this system (if anyone else is silly enough to see it through to the full Board, or worse, through to completion). As I've mentioned before, you can't stop this process, Chris. Ultimately, throw all you want at it. You can't win, and you won't be in office long enough to make a difference. You have lost all of your clout with the board and all but a few of your consituents. And those that want to be homeowners will be homeowners, whether you like it or not.

This proposal will not stop evictions. This will only serve to piss off two thousand homeowners who already own and live in their units and are just trying to get clear title to their property. Nor will this stop future evictions, as people will just call in a bank with individual TIC financing and they won't even consider the condo process. At that point, there's little reason to consider it.

So what's your point, Chris? Why not put your energy into something productive? Go take that new silver shovel you got on Thursday and help those guys down at Rincon One dig their hole for those beautiful new condo towers. After all, you're so good at digging yourself into holes...