I'm sure that it isn't all smelling roses and cashing checks, but rental property in San Francisco is literally a license to print money for many landlords. Si

I'm sure that it isn't all smelling roses and cashing checks, but rental property in San Francisco is literally a license to print money for many landlords. Simply by virtue of having owned the property for several decades, you stand to make a significant amount of money from tenants. Consider someone who has owned a property since the 80's. This person might have paid $600,000 for something valued at double that amount today. Their mortgage (if they even still have one) is $2400/mo, property tax works out to $500/mo, and they can charge $4000/mo for rent. Lots of people in lots of places around the world rent their properties out for far lower returns.