San Francisco Housing and the Technology Industry

Celt Z

Celt Z

stienman said:
Does the apartment owner owe them well-below-market housing? Until they die? What if that never happens, they marry someone younger, and die, and that person marries someone younger, then dies, keeping the same lease active for decades?
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I don't know what the rules are in SF, but in NY, you are only allowed to hand a rent-controlled apartment down once. After that, the apartment can be raised to market value, or evicted (something like that). I don't know a ton about the NY rent laws, but we ran into a problem like this when were living in Queens. The guy who bought our building tried some very illegal tactics to scare people (including us) out of our apartments. That's a risk you have to take as a property buyer; you can't just buy a lived-in space and be allowed to kick people out who lawfully have a lease. You either have to wait them out, hope they leave on their own, or be really sneaky and try to catch someone who isn't following the regulations of their lease.
 
PatrThom

PatrThom

GasBandit said:
It's not a quote, I just used the quotation marks to clearly denote what isn't my thinking.
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Personally, I believe that all wealth derives from the lesser, but I would not classify it as "stolen." Nor would I say that the poor are intrinsically harmed by the wealthy (by virtue of either simply existing).

A better term for what is going on in SF is that those who cannot afford the new housing rates are being "choked" out of the market.

--Patrick
 
PatrThom

PatrThom

Found this link today, felt it relevant.

One-bedroom housing wages, by county
Here's a quote from the source article:
Mapped in finer detail than by state, several geographic patterns are clearer. No single county in America has a one-bedroom housing wage below the federal minimum wage of $7.25 (several counties in Arkansas come in at $7.98).
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I'd love to see this with an overlay that shows how many people per square mile live in each county.

--Patrick
 
GasBandit

GasBandit

Staff member
I can tell you that map does not jibe with my personal experience in certain counties in Texas and Colorado. I was paying $725/mo for a tiny one bedroom in El Paso county, CO, 16 years ago. I doubt prices have gone down since. And yet it's listed a lighter purple than areas of Texas where I know for a fact you can get a two bedroom of equal "niceness" for less than $700/mo.
 
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