General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsS.F. landlords offer tenants tempting offers to move out
There's $50,000 on the table if the Reyes family is willing to leave the Mission District apartment that has been home for 24 years.
"It seems like a lot of money, it does, but when you think about it, when you think about your future, it doesn't go as far as you think it does," said Jacqueline Reyes, 19, who has lived in the studio with her parents all of her life.
The rent-controlled space costs the family $549 a month - a nearly impossible price to match in today's scorching real estate market.
As an influx of wealth reshapes the city, housing advocates allege that the main way for landlords to replace longtime tenants with those willing to pay more has become rather simple: offer a pile of cash.
Read More: http://www.sfgate.com/politics/joegarofoli/article/S-F-landlords-offer-tenants-tempting-offers-to-5398027.php
Warren DeMontague
(80,708 posts)starroute
(12,977 posts)"It was a happy time," Shashou, 77, recalled on a recent Sunday afternoon. "I was hoping to die here."
That was before Shashou received an eviction notice in March. Shashou's $825-a-month rent-controlled apartment, and 17 other units, will be demolished to make way for a pricey new apartment complex.
Such evictions have surged in Los Angeles as property owners cash in on the recovery. Rent-controlled units are being converted or simply flattened. In their place, developers are putting up new condominium or apartment buildings, modern mansions or clusters of compact, single-family homes.
The evictions allowed by the state's Ellis Act have exploded in San Francisco as well, accelerating a backlash against the city's tech-driven gentrification. Two legislators there have moved to limit the practice; under current law, property owners are allowed to evict if they get out of the rental business or demolish their buildings.
longship
(40,416 posts)And then I would never, ever move out of the apartment. Nor would my kids. Nor would their kids. Nor would their kids. Etc.
jberryhill
(62,444 posts)Do you reproduce by cloning, or are there mortal consequences among your descendants for defying your eternal transgenerational will?
ChisolmTrailDem
(9,463 posts)jberryhill
(62,444 posts)I have a problem with parents who believe their children are extensions of their own personality, instead of individuals with their own identities and minds.
yawnmaster
(2,812 posts)I think there might be some code violation.
WillyT
(72,631 posts)ForgoTheConsequence
(4,869 posts)Neighborhoods and communities decades in the making sold off to the highest bidders.
Jake Stern
(3,145 posts)area spanning generations BUT it's also transformed crime and drug infested areas into safe places to work, visit and live.
hadrons
(4,170 posts)our one-bedroom rent-controlled apt. in Upper Manhattan in NYC a few years ago. We weren't the only ones ... that same year a neighbor ended taking $41,000 to leave his two-bedroom, but he was leaving anyway, so it was free money. My neighbor has a three-bedroom and he was offered $50,000.
That year, a one-room condo was on the market for over $350,000 ... and it went quickly. Someone printed out the listing and hung it on the front door to the building; I guess someone wasn't too pleased with the low-ball offer.
We didn't take the offer (neither did my neighbor) and someone this year was offered $50,000 to leave their rent-controlled three-room ... No adjustment for inflation ... such a cheap landlord, I don't get it because he can flip it fast for big bucks.