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https://www.sfchronicle.com/projects/2022/sf-bay-area-property-map/ https://www.sfchronicle.com/projects/2022/sf-bay-area-proper... Third paragraph. But also,
by grandmczeb 3y ago
https://www.sfchronicle.com/projects/2022/sf-bay-area-property-map/ https://www.sfchronicle.com/projects/2022/sf-bay-area-proper...
Third paragraph. But also, from your link “we’re confident this list of 12 includes some of the region’s major power players in residential real estate, housing tens of thousands of families in nearly 7,000 assessor-defined properties from San Jose to Santa Rosa”.
7k / 2.3M = 0.3%
- rcme 3y agoIf you read their methodology, the 2.3M records includes government owned buildings, commercial, and developer-owned properties. But yes I agree “most” is a stretch in the original article.
- grandmczeb 3y agoMore than a stretch - there’s almost 200k residential properties in SF alone. 7k across the whole Bay Area is tiny no matter how you slice it. Just curious, but does this change your original opinion at all?
- rcme 3y agoNo, because the broader point still stands that many properties are owned by investors. Also, 7k is the number of parcels, which can include apartment buildings containing hundreds of units counted as a single parcel.
- grandmczeb 3y agoYour original comment alleges an “ oligopoly”. How many units would you guess all 12 owners have across the 7k properties?
- rcme 3y agoYes, I admit that "oligopoly" is a mischaracterization (based off of the original article), but over 60% of housing units in SF are not owner-occupied (as of 2021): https://www.census.gov/quickfacts/fact/table/sanfranciscocitycalifornia,US/HSG445221 https://www.census.gov/quickfacts/fact/table/sanfranciscocit...
- grandmczeb 3y agoIf there's no oligopoly, why does it matter that a lot of people rent? What part of your original comment does that support?