4 ms·
In my handful of years in the bay area I've seen rent controlled 4 bedroom apartments pass through chains of friends (usually alumni of the same university) sev
by sbilstein 8y ago
In my handful of years in the bay area I've seen rent controlled 4 bedroom apartments pass through chains of friends (usually alumni of the same university) several years in a row. Most of these tenants have been well compensated tech workers. I think price control without regulating who can access lower controls can increase inequality. Something I have observed anecdotally to work is fixing a percentage of units to be reserved for low income people. It's a nice way to let us tech workers subsidize the less fortunate and still allow landlords to make money.