61–70 of 185 posts
There is a interesting anti-correlation between this and Prop G. Prop G will be a retroactive tax applied to anyone who bought a multi unit building in SF in the last few years who would sell it the next few years. Tenants have no problem pushing this bill stating that buying a building does not entitle you to a lifelong contract and that 'things can change' which will negatively effect you. So even though you bought…
Earlier quoted context omitted.
Because people believe that once they've lived somewhere long enough, they have a right to live there forever. There are a lot of issues with this article. It talks about the Ellis act as if it isn't standard in every other part of the country. (in fact, the only thing non-standard is the state of the world pre-ellis act, where landlords in california could never evict people and decide to stop being landlords )
The Ellis Act is kind of fucked up, dude. It's _not_ standard in every other part of the country. It pegs the buyout price of a unit by law, and hasn't been increased in quite a while. Compare to how it works in Brooklyn: If your landlord wants to evict you without cause, they must purchase your lease from you at a price which you can negotiate. It's much more difficult (and can be costlier) to evict you _for_ cause…
If the company goes bankrupt then the building is probably put up for sale, and could get sold to a developer rather than another landlord right?
Seems like a fairly straightforward end-run around the law. You go bankrupt in your building and I'll buy it at auction for some price, and the reverse.
Unintended consequences are everywhere as a result of laws like this.
Earlier quoted context omitted.
These people still remember when you could graduate high school, go to work for GM for a few decades, and have the company pension to depend on in retirement. A suburban house with a white picket fence is somewhere in there too. Nowadays we're much more used to the at-will relationship. The employment only lasts until either the employee or the employer decides that things would be better off if the relationship ende…
What am I supposed to do, live in fear every day of my life that my job might disappear tomorrow?
Loading extremely slowly for me. Google cache: https://webcache.googleusercontent.com/search?q=cache:6m1opf... After reading the article, this quote really jumped out at me: "I was going along, being a good citizen," Todd, now 52 years old, says. "I was a volunteer firefighter, I coached football and baseball, I was saving my money, doing everything you're supposed to do, being a single father, raising my daughter by…
"I don't think you would ever hear those words coming from a millennial." Probably because Millennials grew up knowing there were wolves just outside the gates, and that your employer might throw you to them at any time. We're the first generation of Americans, in quite some time, to have experienced one significant crash or stagnation after the next. There is no "normal" in the job market, the stock market, the hous…
There is a interesting anti-correlation between this and Prop G. Prop G will be a retroactive tax applied to anyone who bought a multi unit building in SF in the last few years who would sell it the next few years. Tenants have no problem pushing this bill stating that buying a building does not entitle you to a lifelong contract and that 'things can change' which will negatively effect you. So even though you bought…
As a non american looking at this from the outside this whole rental/tenant control looks like legislated communism.
Also, note that "Prop G" is more or less the opposite of legislative, it's a ballot initiative, direct democracy.
Why don't these people just move to more affordable places?
How does a homeless person afford the travel to a "more affordable" place? (What does more affordable mean when they have no money?) Where do the nurses, teachers, security guards, waiters, shop assistants etc etc live?
Loading extremely slowly for me. Google cache: https://webcache.googleusercontent.com/search?q=cache:6m1opf... After reading the article, this quote really jumped out at me: "I was going along, being a good citizen," Todd, now 52 years old, says. "I was a volunteer firefighter, I coached football and baseball, I was saving my money, doing everything you're supposed to do, being a single father, raising my daughter by…
Loading extremely slowly for me. Google cache: https://webcache.googleusercontent.com/search?q=cache:6m1opf... After reading the article, this quote really jumped out at me: "I was going along, being a good citizen," Todd, now 52 years old, says. "I was a volunteer firefighter, I coached football and baseball, I was saving my money, doing everything you're supposed to do, being a single father, raising my daughter by…
Earlier quoted context omitted.
As a non american looking at this from the outside this whole rental/tenant control looks like legislated communism.
As opposed to what other sort of communism? Also, note that "Prop G" is more or less the opposite of legislative, it's a ballot initiative, direct democracy.
Legislative = law making. Prop G is more or less exactly legislative.
> it's a ballot initiative, direct democracy.
Yes, its a ballot initiative, which is a direct form of citizen exercise of legislative power (expressly, along with the power of referendum, reserved by the people in the otherwise-general assignment of legislative power to the State Legislature in Art. 4, Sec. 1 of the California State Constitution.)
This seems to be the root of the problem. So much of the blame gets put on tech companies or the rich getting richer, but no one blames the elected officials for not doing the right thing and allowing new housing to be built.