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:
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.
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