4 ms·
If I were a Google multi-millionaire living in San Francisco, here’s what I’d do
- lnanek2 12y agoWouldn't this be illegal? He wants to buy apartment buildings, rent below cost, and refuse to rent to people with tech jobs. The government is allowed to do this sort of thing as long as they use income and not job type to determine it, but I think if private citizens did it then it would be considered discrimination and there are a lot of laws against that in the housing market.
- coke12 12y agoIncome discrimination isn't included in fair housing laws. Neither is bad credit, bad tenancy history or felony convictions. Discrimination based on source of income (e.g. Social Security, veteran's benefits) is illegal, however.
- nwah1987 12y agoYou need to learn the Law of Rent in order to truly solve the problem. https://www.youtube.com/watch?v=7HZANYxnkWk https://www.youtube.com/watch?v=7HZANYxnkWk
- johnm111888 12y agoum you would probably need 10s of millions to do this. If you had 10s of millions you probably don't enter money-losing ventures on purpose
- _linden_ 12y agoWhy this convoluted scheme instead of the obvious thing staring all of us in the face: build more housing!!! Huge swaths of the CITY are lots with single family homes and even the prime water-front real estate sits as empty warehouses and parking lots. There's a lot we can do to make the city affordable just by giving people more housing. Housing prices go up when more people want to live there than there are houses. Why are we all overlooking this extremely basic fact??
- varelse 12y agoSeems like she's providing another example of the easiest way to make $1M in the real estate market: start with $10M...