Re:Remote work is reshaping San Francisco, as tech workers f...
by pjlegato on Sunday August 16, 2020 @05:56PM
(#24181709)
Almost all apartments in SF are rent controlled. The landlord can only raise the rent by some tiny nominal percentage mandated by the rent board every year.
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Re:Remote work is reshaping San Francisco, as tech workers f...
by darkwizard42 on Sunday August 16, 2020 @06:09PM
(#24181787)
This isn't really true... it only applies to units that were built before a certain year (1979). If you are in any kind of modern unit / luxury unit as noted by GP, then this won't hold.
However, most landlords in non-managed buildings are fairly reasonable about only raising rent 2-5% a year. Your mileage may vary.
Re:Remote work is reshaping San Francisco, as tech workers f...
by bezmenov on Sunday August 16, 2020 @06:25PM
(#24181894)
That still applies to ~170k rental units, which constitute ~70% of the entire SF rental market.
https://www.spur.org/sites/default/files/publications_pdfs/S...
Re:Remote work is reshaping San Francisco, as tech workers f...
by osdiab on Sunday August 16, 2020 @07:58PM
(#24182447)
Then great news, SF has built almost nothing since 1979, so you’re more likely than not to be covered!
Maybe I was being a cheapskate for keeping my rent under $2k per month when I lived there, but I never lived in an apartment that wasn’t rent controlled.
Re:Remote work is reshaping San Francisco, as tech workers f...
by refurb on Sunday August 16, 2020 @10:21PM
(#24183259)
Last stat is read is 30% of units in SF aren’t under rent control. Don’t forget that condos (single unit) aren’t rent controlled even if older than 1979.
Re:Remote work is reshaping San Francisco, as tech workers f...
by fragmede on Monday August 17, 2020 @11:33AM
(#24188211)
For better or worse, landlords have figured out they can renovate the unit (at considerable expense) in order to need get a new certificate of occupancy, which has the upside of considering it to be a 'new' unit for rent-control reasons.
Re:Remote work is reshaping San Francisco, as tech workers f...
by hadlock on Sunday August 16, 2020 @07:27PM
(#24182287)
I think rent control laws recently changed, in the last two years; in SF units older than 2005 now fall under standard rent control rules of ~2% per year or CPI increase, whichever is less. Values of properties built in 2005 recently dropped as a result. A couple years ago, rent controlled units were much older.
Re:Remote work is reshaping San Francisco, as tech workers f...
by kaaie on Sunday August 16, 2020 @07:51PM
(#24182409)
Source? Is it not 5%+CPI or 10% whichever is lower [0]?
[0] https://sfrb.org/article/summary-ab-1482-california-tenant-p...