Why San Francisco’s Rent Control Doesn’t Actually Work

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Many of the residential tenants in San Francisco are covered by rent control, a system that caps rent increases and limits evictions for “just causes.” On the surface, rent control seems like a smart way to ensure that landlords don’t take advantage of tenants. But from an economist’s standpoint, rent control actually puts the very people it’s intended to help at a serious disadvantage. Here’s why San Francisco’s rent control doesn’t actually work. Rent Control 101 Among economists, the ineffectiveness of rent control

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To Buy or to Rent: That is the Question

Unless you are fortunate to live in a rent controlled building, you may have noticed your monthly rent rise dramatically in recent years. Checking in at $3,530 per month, the median rent for a one-bedroom has been the highest in the country for six months following a 13.5% rise last year (and up as much as 29.2% in Noe Valley). For many renters, what they pay out every month could easily be a mortgage payment on a comparable place– the

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Just Passed: Build Rent-Controlled In-Law Units

  The San Francisco Board of Supervisors just unanimously passed legislation allowing for the addition of new in-law units throughout Districts 3 & 8. This affects the following neighborhoods: Chinatown, Nob Hill, Russian Hill, North Beach, Fisherman’s Wharf, Polk Street, the Financial District, Union Square, Castro, Eureka Valley, Upper Market, Noe Valley, Duboce Triangle, Diamond Heights, Glen Park, College Hill, Corona Heights, Buena Vista, Twin Peaks, Mission-Dolores, and parts of the Inner Mission. This comes in the wake of city-wide legislation passed earlier

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To Buy or to Rent: That is the Question

I was recently introduced to an international all-cash home buyer who had come to San Francisco for one week on a mission to find housing for his two young adult children. Initially looking at rentals in the Infinity, Ritz Carlton and AVA Nob Hill in addition to some properties on Nob Hill and Russian Hill, it wasn’t long before I was asked the question: Does it make more sense to buy a place? Unless you are fortunate to live in a

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Daly's Draconian Renters Relief Package Passes – Mayor veto coming

It’s basically on Beven Dufty and Sophie Maxwell who does not have to vote for now…to make sure it does not end up in a veto-proof vote. I have no problem with certain aspects of rent control (although there’s a decent argument that it hurts more than it helps) – but this measure weights all the burden, including the burden of proof on one end of the population so completely I cannot believe it’s even legal. Sane people do not

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