4 ms·
The costs of being a landlord don't change that much from year to year - especially in SF where property taxes are capped by prop 13. New tenants aren't "subsi
by irq11 10y ago
The costs of being a landlord don't change that much from year to year - especially in SF where property taxes are capped by prop 13.
New tenants aren't "subsidizing" anything. Whats happening is that landlords are making a killing on rapidly rising rents, with relatively fixed costs.