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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]
An example of such city intent is San Francisco's Residential Rent Stabilization and Arbitration Ordinance (SFRO), enacted in 1979 as an emergency ordinance amending the San Francisco Administrative Code. It found that, in the face of tight markets and significant rental increases prior to rent control, "some tenants attempt to pay requested ...
A landmark 2019 study on rent control in San Francisco found that the city's rent stabilization ordinance encouraged landlords to convert rental units into owner-occupied condominiums (which could ...
According to research conducted by the National Multifamily Housing Council (NMHC), many major cities across the United States do have rent control laws -- even if these laws aren't fully ...
[39]: 7 [40]: 1 [41]: 1 A 2019 study found that San Francisco's rent control laws reduced tenant displacement from rent controlled units in the short-term, but resulted in landlords removing 30% of the rent controlled units from the rental market (by conversion to condos or TICs) which led to a 15% citywide decrease in total rental units, and a ...
Dudum told ABC7 he’s been a landlord in San Francisco for a long time, which means his tax base is low. That allows him the flexibility to negotiate rates with his tenants and keep their rents down.
The San Francisco Rent Ordinance imposed rent control and eviction protection on residential units built before June 13, 1979. [27] A 2019 study has estimated that rent control has "reduced the supply of available rental housing by 15 percent" which "increased rents in the long run." [28]
An Orange County circuit judge erred in allowing voters to weigh in on a proposed rent control ordinance, an appeal court has ruled, siding with realtors and landlords over renter advocacy groups ...