> Rent control: A random windfall for whatever tenant snags these coveted apartments when someone dies in a 3 bedroom apartment they haven't needed in 30 years but "can't afford" to downsize from since they have been paying $650 since 1989. Also the illegal subletters who are numerous and shameless, from personal experience.
This is a misrepresentation of SF rent control. Rent increases for pre-1979 apartments are only capped if the same tenant lives there continuously -- when the apartment lease turns over, the rent can be raised to market rates.
That being said, there are some people that abuse the system by keeping a lease for a place they haven't lived in for 20 years and subletting it, sometimes for a profit, but there aren't apartments where the rent is permanently capped at 80s levels like you're suggesting.
This is a misrepresentation of SF rent control. Rent increases for pre-1979 apartments are only capped if the same tenant lives there continuously -- when the apartment lease turns over, the rent can be raised to market rates.
That being said, there are some people that abuse the system by keeping a lease for a place they haven't lived in for 20 years and subletting it, sometimes for a profit, but there aren't apartments where the rent is permanently capped at 80s levels like you're suggesting.