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San Francisco has a unique problem. Even though most people are renters, they still oppose policies that would lead to price decreases. That is why I support YI
by Decade 10y ago
San Francisco has a unique problem. Even though most people are renters, they still oppose policies that would lead to price decreases. That is why I support YIMBY Action and not the old Tenants Union.
https://yimbyaction.org/about/ https://yimbyaction.org/about/
What happened is that the revolutionary anti-capitalists of the 1960s and 1970s passed into law such a thicket of tenant protections, that being a tenant gives you most of the benefits of ownership. If the building was built before 1979, the tenant even gets rent control, that prevents their rent from rising with the cost of maintenance. This is regardless of the tenant’s ability to pay increased rent.
The way the law was written, new construction is exempt from rent control. The old tenants union therefore opposes all new construction, especially new construction that destroys rent-controlled units. No new construction, in the presence of increased demand, raises prices.