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The problem as per the article is that the early renters are cornering a significant fraction of the increased SF real estate profits. It is implied that justic
by random314 4y ago
The problem as per the article is that the early renters are cornering a significant fraction of the increased SF real estate profits. It is implied that justice would demand that all the profits be allocated to the owner, not the renter even if he has been renting for 45 years.
It is a well established principle of capitalism that owners are entitled to all of the profits from the real estate equity, even if the owners did not contribute to the silicon valley boom over the past 40 years, which was primarily boosted by the renters/engineers who moved into the city.
The injustice here is that the old time renters are partaking in the profits which they are not entitled to.