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That's never stopped people in NYC. Not sure about SF, but I imagine it is similar. The profit motive is too huge.
by TuringNYC 10y ago
That's never stopped people in NYC. Not sure about SF, but I imagine it is similar. The profit motive is too huge.
- rhizome 10y agoIn SF you essentially lose your lease instantly if caught, so the profit motive is not a sure bet. Couple that with the requirement since 1998 that subletters be informed what the actual rent is and the ability for the subletter to report the sublessor, and it's almost a sure loser.
- TuringNYC 10y agoThat's a good point. I have not heard about that in NYC. To note a tangential topic of dead-weight loss...I know one person in Manhattan using their studio apartment as storage. Yes, because the cost of their rent controlled apartment is less than purchasing a storage unit.
- refurb 10y agoIt's never stopped people in SF. I know a couple people renting extra rooms and making a profit off of it. That is, their rent is zero and they actually pocket money each month.
- sroussey 10y agoSo do I. Also in NYC, West Hollywood, and Santa Monica. And the subletter is also getting a deal, so they stay quiet.
- refurb 10y agoExactly, the rent control can keep rents so low, that the subletter gets a great deal even though their rent for one room pays for the whole house. Why would they bring it up with the tenant board?