4 ms·
> Is there any single entity that owns even as much as 1% of all the housing in the city? Yes. 12 big landlords own a majority of SF bay area property.[1] The
by Animats 11mo ago
> Is there any single entity that owns even as much as 1% of all the housing in the city?
Yes. 12 big landlords own a majority of SF bay area property.[1] The San Francisco Chronicle has an online map, but it's behind their paywall.
[1] https://www.fastcompany.com/90792419/12-mega-landlords-own-majority-of-the-san-francisco-bay-area https://www.fastcompany.com/90792419/12-mega-landlords-own-m...
- barry-cotter 11mo agoThat is not by any reasonable definition a monopoly. 12 landowners owning more than 50% of the property isn’t even an oligopoly.
- AnthonyMouse 11mo agoThe title of the link indeed says "the majority of the San Francisco Bay Area" but it also says that the largest of them owns 293 buildings, so for twelve times that to be a majority there would have to be no more than about five thousand total properties in the San Francisco Bay Area. Meanwhile the Chronicle says there are about 2.3 million total properties, I couldn't find them repeating the claim that those 12 landlords represent a majority but they did say that "this list of 12 includes some of the region’s major power players in residential real estate, housing tens of thousands of families". Which I wouldn't expect to be a majority of the >7 million people who live there.