Thursday, October 23, 2008
I just learned about an interesting loophole in SF's rent control policy. If a building owner chooses not to raise rents by the minimal annual amount allowed by law, those increases can be "banked" and implemented all at once. As a result, I just received 30 days' notice that my rent is going up by 7 percent or $100 a month!
Doesn't this defeat the purpose of so-called "rent control?"