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Well, unless you're renting the home and your landlord evicts you to make room for a condo building. This would be an uncommon situation, but evicting low-incom
by pcwalton 9y ago
Well, unless you're renting the home and your landlord evicts you to make room for a condo building. This would be an uncommon situation, but evicting low-income tenants of low-density apartments to make room for higher-end high-density condos is a related, and legitimate, concern. The bill should probably continue to be amended to make sure this doesn't happen.
Note that this concern is basically irrelevant to all the Bay Area suburbs like Palo Alto that have virtually no low-income tenants to begin with, as well as San Francisco, which is essentially completely gentrified at this point.
- kspaans 9y agoOr if your land gets up-zoned and suddenly is worth 3x as much, and your property taxes go up accordingly (if you don't live in CA at least).