I'm really sick of this notion that rent control is targeted at the poor in SF. It's not. It's targeted at whoever got there earlier.
If you are or have ever been in the market for room shares in SF, you'll know there are TONS of professional workers making a decent wage coasting on rent controlled leases that have somehow been passed along for years paying way less than they should be.
I also know tons of professionals making 6 figures+ paying way below market. NOT exactly poor people.
How do you think it is for the young kid hired in to work somewhere that has to look for a place in SF while his boss's boss who probably makes 10s of thousands more pays $1300 a month?
But wait, that never happens...rent control is for poor people. Yeah right.
If you are or have ever been in the market for room shares in SF, you'll know there are TONS of professional workers making a decent wage coasting on rent controlled leases that have somehow been passed along for years paying way less than they should be.
I also know tons of professionals making 6 figures+ paying way below market. NOT exactly poor people.
How do you think it is for the young kid hired in to work somewhere that has to look for a place in SF while his boss's boss who probably makes 10s of thousands more pays $1300 a month?
But wait, that never happens...rent control is for poor people. Yeah right.