Thursday, October 23, 2008

Rent Rant

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?"

1 comment:

Margie in Oakland said...

What?!!!!! That is outrageous. Do you think the landlord is worried about his mortgage and taking it out on all of you?

That is truly disgusting.