In his State of the City address last week, Mayor Ed Lee cheerfully characterized San Francisco as "the new gravitational center of Silicon Valley." He touted tech-sector job creation. "We have truly become the innovation capital of the world," Lee said, "home to 1,800 tech companies with more than 42,000 employees — and growing every day."Read more »
EDITORS NOTES People who rent apartments aren't second-class citizens. In fact, under San Francisco laws, they have (and ought to have) many of the same rights as the landed gentry.
If you rent a place in this city, and you pay the rent on time, and abide by the terms of the lease, you should be able to stay in your home (and yes, it IS your home) as long as you want. The rent can only go up by a modest amount every year.Read more »
You know I love this story. I love it so much I am going to be following it for weeks, and I hope for years. A homeless guy takes over a $2 million mansion in Florida, which was sitting empty while Bank of America dicked around and never sold or rented it, and now the bank is going to have a tough time getting rid of him.
I don't mean that he's part of a political machine, although he is arguably a member of a few nascent operations in town, from the old-school Democratic Party establishment to the morphing amalgam of groups pushing what he calls a "livability" agenda. I mean that Supervisor Wiener, who represents District 8, is a machine — almost robotic in his tireless, 24/7 engagement with all things political.Read more »
Mayor Ed Lee punctuated his State of the City speech with a nice little quip: "Every San Franciscan deserves a clean, safe place to call home." I agree.
So why, in a speech lasting more than an hour, did the mayor not once mention that thousands of San Franciscans are facing the loss of their homes -- and will be forced out of the city -- because of the same policies that he's proudly promoting?Read more »
EDITOR'S NOTES The guy who runs the San Francisco Housing Authority is in pretty serious doo-doo: His agency has just been placed on the federal government's "troubled" list, and he's getting sued by his own lawyer, and he's hiding from the press while tenants complain that they can't get basic repairs.Read more »
Federal regulators cut a deal with 10 major banks to “speed up housing relief,” major news outlets reported earlier this week – but to exactly no one’s surprise, the amount promised to struggling homeowners is a pittance compared with the overwhelming losses sustained during the foreclosure crisis. Read more »