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Residential and commercial are completely different problems. If that restaurant tried to move locations, they'd experience the same problem as a new one openin

Residential and commercial are completely different problems. If that restaurant tried to move locations, they'd experience the same problem as a new one opening: you start paying rent immediately and wait years for city permits and approvals before opening. When tenants can't leave, landlords can charge whatever they want. https://www.sfchronicle.com/bayarea/heatherknight/article/Bid-to-open-S-F-ice-cream-shop-turns-into-a-15614815.php https://www.sfchronicle.com/bayarea/heatherknight/article/Bi... Also, ya know, covid shut downs.

gkop 6y ago
Residential and commercial are closely linked within a geography. Eg, workers need somewhere to live. Eg, prop 13 applies to both residential and commercial property.
- cheriot 6y ago
  Linked, but very different regulatory regimes. Specifically, the things discussed in the article don't apply to commercial space and have minimal bearing on restaurant rents that I was responding to.
  - gkop 6y ago
    Thanks for clarifying. May I ask, where do you stand on prop 13?
    - cheriot 6y ago
      It’s horrible, but there’s also many other things to fix
- kelnos 6y ago
  Unfortunately many (most?) service workers have already been priced out of SF and commute from elsewhere to work, so that link isn't quite as strong.