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Late San Francisco mayor Ed Lee called the shortage a "housing crisis", [34] and news reports stated that addressing the shortage was the mayor's "top priority". [35] Mayor Ed Lee responded to the shortage by calling for the construction of 30,000 new housing units by 2020, and proposing a $310 million city bond to fund below-market-rate ...
Alex Sinclair owns the Willow on the Green, a British fine foods and cheese store located in San Francisco’s Inner Sunset district. He told ABC7 that his landlord hasn’t increased the rent ...
San Francisco has among the strongest tenant protections in the country, which encourages tenants to hang on to apartments as market prices go up. San Francisco tenants get 6-figure buyout to ...
Rent control laws define which rental units are affected, and may only cover larger complexes, or units older than a certain date. To attempt to not disincentivise investment in new housing stock, rent control laws often exempt new construction. For example, San Francisco's Rent Stabilization Ordinance exempts all units built after 1979. [63]
Tenant groups in San Francisco and Los Angeles claim that California landlords commonly misuse the Ellis Act "to bypass rent control" [23] [24] and to cash in during peak housing market periods [25] by managing rent-stabilized properties to vacancy, when they might demolish buildings to build pricey condominiums, retenant newly-vacated units at ...
San Diego had the third most expensive rental market in June, with an average monthly price of $3,175, exceeding San Francisco's rent at $3,168.
In 1994, San Francisco voters passed a ballot initiative which expanded the city's existing rent control laws to include small multi-unit apartments with four or less units, built prior to 1980. (about 30% of the city's rental housing stock at the time).
Rent prices in top cities are down “substantially” compared to last year — especially in San Francisco, according to Realtor.com.
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