13 ms·
> It was also sub rosa and illegal like most truly affordable housing in San Francisco > There would be no drama with rent controlled tenants > The landlord d
by tomohawk 5y ago
> It was also sub rosa and illegal like most truly affordable housing in San Francisco
> There would be no drama with rent controlled tenants
> The landlord did the math and agreed to sell to us at below the full market value. He would be saving so much money by avoiding the associated legal challenges from disgruntled tenants that he would net the same profit even at a slightly lower price.
It's clear from these statements that the good intentions of the politicos in SF are artificially inflating the cost of housing. The only way forward for this person was to work around those issues.
Yes, it was lucky that all of those tenants were going to move out at the same time the landlord was thinking of selling, but this person was ready to take advantage of the opportunity when it presented itself. Taking advantage meant a lot of work and coordination.
This pattern repeats with buying in Sonoma. They had prepared themselves to be ready for an opportunity, and when the opportunity arose, they could take advantage.