3 ms·
San Francisco has insane rent control. He's probably paying something like $300/mo if he's been there for decades.
by seattle_spring 9y ago
San Francisco has insane rent control. He's probably paying something like $300/mo if he's been there for decades.
- s0rce 9y agoCalifornia has insane property tax control, if he bought decades ago he'd be sitting on millions in property value and pay nearly nothing in taxes. Works both ways if you get lucky.
- 794CD01 9y agoSan Francisco has insane loopholes for rent control too. If he were really paying 300/mo he'd have been kicked out for an OMI 10 years ago.
- jdavis703 9y agoThey also have insane tax control. If you've been in your house for decades you pay a far lower tax rate than your neighbors. There are too many people without skin in the housing market game, we should get rid of both Proposition 13 and rent control and let everyone feel the pain of what happens when you don't build enough houses.