Landlord finds loophole to end rent control on a unit. Shocker. To those who say it's unfair to the landlord to force rent control on them I say two things: 1

Landlord finds loophole to end rent control on a unit. Shocker. To those who say it's unfair to the landlord to force rent control on them I say two things: 1. Yes it is. There are cases when legally allowed rents are below the taxes the landlord needs to pay. If the government really thinks affordable housing is a public good, let the government build or buy apartment buildings and offer it rather than having forced income distribution essentially; and 2. To the landlords: it's not so funny when the shoe's on the other foot is it? I'm talking of course about Prop 13. This allows long term owners to pay basically nothing in property taxes with those taxes only resetting when the property is sold. So the state of California screwed up in creating rent control and Prop 13. Great. Repeal them both. The problem with massive rent control is it creates a dysfunctional market and a huge disincentive to rent out or build new housing supply [1]. New York City ended issuing new rent control leases in 1973. There are very few left. NYC has a functional housing market (in comparison). There are affordable places to live 30 minutes from Manhattan thanks to pretty good infrastructure. SF specifically and South Bay in general are basically an object lesson in NIMBYism gone insane. Honestly, the sooner the startup figures out that the only thing the Valley has got going for it is the weather because everything else sucks, the better. [1]: http://www.sfgate.com/opinion/openforum/article/San-Francisco-rent-control-contributes-to-housing-6010287.php http://www.sfgate.com/opinion/openforum/article/San-Francisc...