4 ms·
One out of eight money units sounds pretty reasonable. I think I capture more than that from the college students who rent with me. But actually property develo
by timwaagh 7y ago
One out of eight money units sounds pretty reasonable. I think I capture more than that from the college students who rent with me. But actually property developers do have the option to go outside the law, just like uber. Or maybe not them, but people do anyways. The only way to force political action is actually by ignoring the rules. Building dwellings where they should not exist, using non residential space inappropriately, etc. Build your own slum. People will become homeless if government evacuates them and finding these is hard. so government doesn't like to and cannot do very much.
- Decade 7y agoPeople tried. The regulators catch up and fine away all the profits and force the owner to revert the property back to what the law allows. https://www.sfgate.com/bayarea/article/SF-sues-landlord-over-state-of-housing-for-9196374.php https://www.sfgate.com/bayarea/article/SF-sues-landlord-over... https://www.sfexaminer.com/news/planning-commission-supervisors-condemn-landlord-for-unpermitted-student-housing/ https://www.sfexaminer.com/news/planning-commission-supervis... I get the impression that a lot of the innovation that tech companies have been able to create were because the regulators didn’t know what they were doing. No such luck in real estate.