OPINION Since the burst of the housing bubble, we've seen a lot of attention paid to the plight of homeowners hit hard by the recession and facing foreclosure. Indeed, President Obama recently enacted a protection for homeowners that requires banks to let unemployed homeowners delay their mortgage payments. But until now there has been little talk and even less action on how we can help tenants who are also in danger of losing their homes.
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OPINION If you think the mortgage foreclosure crisis is big, imagine what would happen to San Francisco if rent control were repealed.
With 180,000 rent-controlled apartments currently housing more than 350,000 San Franciscans, the end of rent control would be disastrous. Literally hundreds of thousands would be forced from their homes and forced to leave the city.
The pain and suffering people would face as they lost their homes would be immense, making the foreclosure problem seem insignificant by comparison. Read more »
OPINION Between 2004 and 2005, Chetcuti and Associates, a Walnut Creek real estate development company, bought eight Mission District apartment buildings. Within the first few weeks of ownership, the company served all the tenants in four buildings with Ellis Act eviction notices. In the next two months, three of the other buildings were Ellised. Read more »
OPINION San Francisco could see an end to rent control — and minimum-wage requirements and a lot of zoning regulation and environmental protection laws and much more — if Proposition 90 passes this November. We could see an end to limits on condo conversions and an end to requirements that developers build affordable housing units and even an end to limits on the height and density of new developments. That's because Prop. 90 is a clever trap that purports to restrict the use of eminent domain but in reality eliminates all government regulation of land use.
Prop. Read more »