> Rent control ordinance from 1979 has meant that market rate units cost 3x what rent controlled units cost. Point of order: Without those rent control ordinan

> Rent control ordinance from 1979 has meant that market rate units cost 3x what rent controlled units cost. Point of order: Without those rent control ordinances, all units would cost right around the current market rate. The thing driving costs is failure to build to meet demand. > Tenants in Cali and SF have very strong rights compared to landlords, so people aren’t rushing to invest in SF rental properties. Another point of order: The NIMBYs are the primary reason people aren't rushing to develop residential rental buildings in SF. Or, if you were referring to the fact that oh so many rentals are massively overdue for essential repairs, then that's a combination of * Because your renter is almost certainly already renting the best place they can afford, and because it's almost certain that nothing cheaper will appear on the market, you -as a landlord- have no incentive to do more than the legal minimum. * Because Prop 13 fixes your property value reassessment at something tiny (like 2% per year) until your property changes hands, and because any major improvements to that property are assessed at their current market rate, and then added in to your tax assessment, you -as a landlord- are __seriously__ disincentivized to improve your property.