Tens of thousands of rentable units in San Francisco are kept empty by owners who won't rent them out because of these rent control and renters rights laws. They don't want the headaches.
@@keirfarnum6811 Trust me i know this firsthand. Would you rent out a place knowing you may never get it back, have to pay relocation costs etc.? Better to use it for storage or a workshop, pool table, anything but rent it out. People don't want to be landlords in SF.
@@keirfarnum6811 Better to lose money then get these lifelong dead beat renters in there. I say dead beat because they pay way under market value and you can never get them out.
Exactly. Say till the end of their contract or a minimum of 6 months, whichever is longer. If they have a contract(usually around a year) then they have to give them 3 months notice before the end of their contract
And "fair" notice would be? How about "fair" notice is the notice stipulated when the rental transaction occurs and the renter VOLUNTARILY AGREES, be it 5 minutes or 5 years.
What should be is a debatable point, but one that seems irrelevant to the specific issue under discussion here. Unless and until the law is changed, it is what it is and it's reasonable to expect people to abide by it.
So builders won't build new homes because owners won't now buy them because owners are prevented from using their own property so there will be FEWER places for tenants to live. Ergo, renter nirvana, according to the people who keep us safe.
Damn. What did we learn? Rent control does not mean you own it nor can you live in it indefinitely. Wise up and pick yourself up from government programs
PoodleDoodle Quilter California is not the only place to live. But why can't a person live in the state that they want to without economic persecution?
jcrowley1985 then don't rent it out and keep it all to yourself. Your tenants are NOT just walking wallets to charge as much as you possibly can, they're PEOPLE with human needs. Noone is claiming the rights to your holy property, just please don't rent out, there are already plenty of sleazy landlords out there
OK, and then hope there's many more people who don't rent their property out too. Driving supply down and prices up. These excessive regulations are scaring away so many potential landlords that the ones left can price gouge due to lack of supply. You tighten regulations more, then even the tough landlords will leave and you can sleep on the street
@@jcrowley1985 that's why there are lots of professionals who know how to treat their tenants because they're doing it as a main income so they're familiar with leasing philosophy and tenant needs. You, on the other hand, sounds someone that is just going to use tenants as a way to pay off your mortgage or as supplemental income. Maybe real estate is not for you, it takes patience because you're dealing with living people with their needs, not just some objects or check-writing entities
This is why SF is so short of rental properties, I am passing my home to my kids or sell them to the tech bros so I don't have to deal with entitled tenants who think they I (instead of the government) is responsible for their well being.
Bad landlords exist, but so do bad tenants. There's are so many big tech companies in San Francisco, that each pay brain surgeon levels of salary, that it makes it much more profitable for landlords to displace older tenants so that they can charge 3x rent for incoming big tech employees, who want to live closer to where they work. This forces people who work in lower tier, but necessary jobs to live further away. At some point expenses get dangerously close to income, and people just leave altogether. Then a chain reaction occurs, where the local economy starts to crumble apart from the bottom up. A widespread lack of goods and services is much worse than exorbant prices, and eventually even big tech employees might just quit and work elsewhere, since it wouldn't be worth living there. Vacancy rates would jump for landlords, who may just cut their losses and sell their assets dirt cheap. Perhaps people would move back in afterward, but it wouldn't be a pretty thing to watch happen. That would basically be one of the worst case scenarios for San Francisco. Btw I find some of the comments for this video to be completely heartless with little to no understanding of the situation. I don't claim to be an expert on everything that's happening there, but I'm not the type of person to stroke my ego and ridicule others less fortunate than myself.
All hypothetical. Show me a real world case of this happening otherwise you're just promoting a false narrative to get people to side w your agenda... Similar to this whole 'illegal immigrants would lead to anarchy 'bs
You should hear what the city of Richmond is trying to do, they are trying to pass an ordinance where if you rent your house, when you want to sell the renter has first right of Refusal. The selling price will be based on an city trained appraiser and if the renters can’t afford it, you will have to lower the price so they can afford it. And better yet, the city of Richmond would have the second right of refusal. In a market were house in Richmond go 100k over asking, it’s not fair for the city to prevent a homeowner from putting their house on the open market and get market price.
We've only built half the number of housing units we need to keep up with demand for decades. When government agencies and nonprofit developers/landlords build new units they cost 4$50,000-$990,000 per unit. Investors relied on the legal framework in place when they invested their resources to make rental housing available. You then change the rules on them in the middle of the game. You've created a rent control system so onerous that they would rather keep the units vacant than rent them. It is like you have a job that doesn't pay you well and you want to quit. They will let you quit but you are prohibited from getting another job. If greedy landlords are the problem, the housing advocate should become nonprofit landlords and drive them out of business with competition.
In all fairness, most jurisdictions that still have rent control have had it for long enough at this point that most landlords should have had full awareness of the situation when they bought into the market. Leaving aside the debate over rent control for a moment, if someone buys a property/unit knowing that it's subject to rent control, I find it hard to have much sympathy when they are expected to honor those terms.
And spread the mental sickness that allowed them to vote for the politicians that did this and spread this nightmare to other states? No thank you. Californians stay put.
All leases/rental agreements should be upheld when a property is transferred. If you're buying a property you should also expect to honor the current contracts. Beyond that, let the free market do its thing.
I hate it when landlords hike the rent to some unreasonable rate and dump poor people out to live in their cars, but if you are living in a home in SF that most people can only dream of and you are paying next to nothing (relatively-for the area) maybe you count your blessings for the dreamy time you did get to stay there. The fair thing in these circumstances to to give them a year or at least 6 months to transition.
Who cares you need to understand that house doesn't belong to you...yes 2 months isn't ok it should be at least 6 months warning but it still belongs to the owner..
it's common sense.. kick em out.. fix the place.. rent it back on market 2500 or more a month for a one bedroom.. where the tech jobs are it's where the $$$ will be.. everyone wants in it
AND what about the Land Lords, small business people trying to make a living. with hundreds of thousands invested and many long hours running it are now told BY government how to run those business. Go ahead tell corporations how to run their business yea that'll work. If GM could triple the cost of their cars, you think they wouldn't?
Perhaps you don't understand they are easily making a living now they just want to kick out tenants so they can jack up prices even when property taxes haven't risen
@@teebone2157 Tax's may have not gone up, but Insurance, & utilities have and what about the past 10 years when they couldn't raise rents, just time to catch up. I'm lucky, the is NO rent control here, and things here have been steady for a long time So it's easy for me AND my tenants,. "Easily" making a living, run the numbers and you will find out, they ain't doing that good. yea they are making money, but if it's, so good, why aren't you doing it.
terry brady yeah, tell me about how your cost of landlord operations is increasing 200% every year (that's how much they jack up the prices on lease renewal)
lol no wonder no one wants to rent in san fran. id rather own a place and keep it empty hold for investment maybe air bnb once in a while or use for friends family staying. these deadbeats are prob playing less per month than it costs to cover the utilities
@@maggiejetson7904 🤦♂️ I’d almost agree to that except that it’s unconstitutional to force people out of a city/state they’ve lived in all or most of their lives so that room can be made for the extreme wealthy that represent less than a percent of the US population. Don’t you think? Just to give you context, I lived in San Francisco for many years. I was a teacher in town. At the height of the dot com boom in 2000/1, my rent jumped drastically without warning. I got priced out. Then I had to move out of the city and live 45 miles away in the east bay suburbs, but I also had to leave there too as well as my job. The money I was saving in rent, I was losing because I had to buy a car, gas prices went up, bridge tolls went up, and my commute on some days was 2.5 hours long. I now live comfortably in LA and have a new teaching job, but SF is my true home and it’s where my family and friends are. I don’t feel I should have been priced out like that, especially as one of the city’s educators, so I can identify with people (especially essential workers for the city like police, firefighters, and many others who don’t make huge salaries) who are distraught over this. It’s not as easy as moving to Mississippi.
Renters who are not renters have no rights to tell Owners anything about their properties. First the American people were told they were squatters..Now they are renters. Tenants do not get to tell Owners anything. Get your own home and you do not have to worry about all that. Get a contract or agreement that states that the Owner will not do anything instead of going back and forth over and over and over again about the same problems..If you see a reoccurring issue..Start asking for a lease or agreement to protect that reoccurring issue from happening...This is past ridiculous and annoying to keep talking about Owners...They are OWNERS...That means they do what they want with their property. Unless of course, they commit perjury, fraud, and Obstruction Of Justice with ORDERS and are no longer the Owner, but has told the Public that they are the Owner...Sometimes Owners have to adjust to the high taxes and bills like everyone else..Instead of hating on the OWNERS. Write your Representatives about Laws that affects owners so that they do not have to move in their homes. It is not an Owner's fault when the Representatives for your Cities and States allow apartments to be more than homes. It is not your Owners fault when rent control allow $2,000.00 to $3,000.00 dollars for a box..Stop worrying about Owners and start asking for Laws to help the American Citizens. It sounds very respective and envious to watch every move of the Owner who is adjusting to the high cost of living of the Representatives. Get educated. Know who to blame and stop being illiterate about who is causing the problems... BYE
Tajai Calip you can not evict with out a reason. It is not humane. People are lying to get higher renters in. People sign contracts to live in a place x months. You can not evict before the term causing a family to almost be homeless without reason other than greed
You realize many properties in San Francisco are owned by foreigners that do anything even cause American citizens to be homeless in quest for greed. If you’ve signed a contract, it should be honored unless crimes have been committed.
maybe these deadbeats should have used the last 24 years to save up money to buy their own place instead of wasting their money on weed and scratch tickets
Brendon Bosy how do u know they smoker weed asshole? It’s hard enough with a good job to purchase a home in California when Asians have purchased every fucking thing already
Tens of thousands of rentable units in San Francisco are kept empty by owners who won't rent them out because of these rent control and renters rights laws. They don't want the headaches.
I'd burn my house to the ground myself before I'd let the government tell me how to manage my own property
Millton Freedman
It’s stupid. They would rather lose money which doesn’t make much sense.
@@keirfarnum6811 Trust me i know this firsthand. Would you rent out a place knowing you may never get it back, have to pay relocation costs etc.? Better to use it for storage or a workshop, pool table, anything but rent it out. People don't want to be landlords in SF.
@@keirfarnum6811 Better to lose money then get these lifelong dead beat renters in there. I say dead beat because they pay way under market value and you can never get them out.
Elias Magdaleno how are they deadbeat because they aren’t millionaires? 4K for a 1 bedroom wtf
idk. would suck to be the renter but at the same time, if i own something, i want control over it. evictions should be fine with fair notice,
Exactly. Say till the end of their contract or a minimum of 6 months, whichever is longer. If they have a contract(usually around a year) then they have to give them 3 months notice before the end of their contract
Anna G I agree 60 days is way too soon for an eviction. Rent increase maybe.
And "fair" notice would be? How about "fair" notice is the notice stipulated when the rental transaction occurs and the renter VOLUNTARILY AGREES, be it 5 minutes or 5 years.
"60 days is way too soon"; "minimum of 6 months"
So that's why renters demand a lease requiring, say, 50 years termination notice or they don't rent.
What should be is a debatable point, but one that seems irrelevant to the specific issue under discussion here. Unless and until the law is changed, it is what it is and it's reasonable to expect people to abide by it.
So builders won't build new homes because owners won't now buy them because owners are prevented from using their own property so there will be FEWER places for tenants to live. Ergo, renter nirvana, according to the people who keep us safe.
So, um, huh, not building additional homes is your renter nirvana--more people seeking the same number of homes magically lowers rents?
Damn. What did we learn? Rent control does not mean you own it nor can you live in it indefinitely. Wise up and pick yourself up from government programs
Renter do not own the property. Move out or pay market rent.
People this is a choice California is NOT THE ONLY PLACE TO LIVE
PoodleDoodle Quilter California is not the only place to live. But why can't a person live in the state that they want to without economic persecution?
This is why I'll never let anyone live with me. Entitled renters feel they have more right to your property than you
jcrowley1985 then don't rent it out and keep it all to yourself. Your tenants are NOT just walking wallets to charge as much as you possibly can, they're PEOPLE with human needs. Noone is claiming the rights to your holy property, just please don't rent out, there are already plenty of sleazy landlords out there
OK, and then hope there's many more people who don't rent their property out too. Driving supply down and prices up. These excessive regulations are scaring away so many potential landlords that the ones left can price gouge due to lack of supply. You tighten regulations more, then even the tough landlords will leave and you can sleep on the street
@@jcrowley1985 that's why there are lots of professionals who know how to treat their tenants because they're doing it as a main income so they're familiar with leasing philosophy and tenant needs. You, on the other hand, sounds someone that is just going to use tenants as a way to pay off your mortgage or as supplemental income. Maybe real estate is not for you, it takes patience because you're dealing with living people with their needs, not just some objects or check-writing entities
This is why SF is so short of rental properties, I am passing my home to my kids or sell them to the tech bros so I don't have to deal with entitled tenants who think they I (instead of the government) is responsible for their well being.
Pacific Heights.
Welcome to People’s Republic of SF.
Supply and demand. That area is hot and in the end...its all about greed
Bad landlords exist, but so do bad tenants. There's are so many big tech companies in San Francisco, that each pay brain surgeon levels of salary, that it makes it much more profitable for landlords to displace older tenants so that they can charge 3x rent for incoming big tech employees, who want to live closer to where they work. This forces people who work in lower tier, but necessary jobs to live further away. At some point expenses get dangerously close to income, and people just leave altogether. Then a chain reaction occurs, where the local economy starts to crumble apart from the bottom up. A widespread lack of goods and services is much worse than exorbant prices, and eventually even big tech employees might just quit and work elsewhere, since it wouldn't be worth living there. Vacancy rates would jump for landlords, who may just cut their losses and sell their assets dirt cheap. Perhaps people would move back in afterward, but it wouldn't be a pretty thing to watch happen. That would basically be one of the worst case scenarios for San Francisco.
Btw I find some of the comments for this video to be completely heartless with little to no understanding of the situation. I don't claim to be an expert on everything that's happening there, but I'm not the type of person to stroke my ego and ridicule others less fortunate than myself.
All hypothetical. Show me a real world case of this happening otherwise you're just promoting a false narrative to get people to side w your agenda... Similar to this whole 'illegal immigrants would lead to anarchy 'bs
You should hear what the city of Richmond is trying to do, they are trying to pass an ordinance where if you rent your house, when you want to sell the renter has first right of Refusal. The selling price will be based on an city trained appraiser and if the renters can’t afford it, you will have to lower the price so they can afford it. And better yet, the city of Richmond would have the second right of refusal. In a market were house in Richmond go 100k over asking, it’s not fair for the city to prevent a homeowner from putting their house on the open market and get market price.
So I'm guessing Richmond will have a lot of insurance claims for "electrical fires"
Richmond is the new Oakland, where all the trash people moved to.
Wow
New rules spike the price if the rent !!
Free loaders need to GTFO.
24yrs?! B happy it lasted this long
Why the hell would you be a rental property owner in CA? I have no sympathy for these tenants.
It's not all that extreme in the entire state. SF is just an extreme example.
@@doggydude4123 Fair point. SF is it only little bubble of stupidity!
@Stephen Clark Then move to Texas
That's too much. A person who owns a building should be able to move in it without all that extra nonsense!.
Is it fight for living developments? I am not sure if the landlord made a good offer especially when most people are leaving that state.
I wouldn‘t be surprised if landlords used that excuss to get out of paying them out
People all across the country are paying expensive
rent for the privilege of being in warehouse looking
apartments. Greed is rampant.
Abolish all rent control NOW!
We've only built half the number of housing units we need to keep up with demand for decades. When government agencies and nonprofit developers/landlords build new units they cost 4$50,000-$990,000 per unit. Investors relied on the legal framework in place when they invested their resources to make rental housing available. You then change the rules on them in the middle of the game. You've created a rent control system so onerous that they would rather keep the units vacant than rent them. It is like you have a job that doesn't pay you well and you want to quit. They will let you quit but you are prohibited from getting another job. If greedy landlords are the problem, the housing advocate should become nonprofit landlords and drive them out of business with competition.
The Lord of the Land is not welcome in the tenant’s bedroom. 1-800-STAYOUT
They think they know the “fair amount” to pay! It’s what they’ve always paid!
These renters have been paying cheap rent for all these years. Landlords getting screwed by SF. Non profits get money from the City to sue landlords.
What are you talking about, do your research rent increases in Cali went up %300 with the last 5 years.
@@justshady Doesn't mean the landlords aren't loosing potential money. Less incentive for them to put in work on the property.
In all fairness, most jurisdictions that still have rent control have had it for long enough at this point that most landlords should have had full awareness of the situation when they bought into the market.
Leaving aside the debate over rent control for a moment, if someone buys a property/unit knowing that it's subject to rent control, I find it hard to have much sympathy when they are expected to honor those terms.
@@justshady because home cost increase 2x! many older places are rent controlled and that's why people won't move
I'm glad I don't live in San Fran. way to much trouble and to many stuck up people. but unfortunately the San Fran disease is very contagious.
Glad I escaped from cali in the 90's... Flee while you can!! Empty the state to show them how you feel...
And spread the mental sickness that allowed them to vote for the politicians that did this and spread this nightmare to other states? No thank you. Californians stay put.
Why is the rent so high in a crapapopolis of Buc Nastiness?
Like West Virginia and Alabama are pleasant
All leases/rental agreements should be upheld when a property is transferred. If you're buying a property you should also expect to honor the current contracts. Beyond that, let the free market do its thing.
You can thank rent control for that. This is part of the rent control and without this owner move in clause the original rent control wont pass.
I'd move into my dog's house before I'd rent, be a LL or live in California.
I hate it when landlords hike the rent to some unreasonable rate and dump poor people out to live in their cars, but if you are living in a home in SF that most people can only dream of and you are paying next to nothing (relatively-for the area) maybe you count your blessings for the dreamy time you did get to stay there. The fair thing in these circumstances to to give them a year or at least 6 months to transition.
Property rights????
ANYONE WHO RENTS FOR 24 YEARS...NEEDS THEIR HEAD EXAMINED!!!! THEIR OWN DAMNED FAULT!!!!
Tiger Steele who said they rented for 24 years?
@@4chukwuebuka The story said they rented for 24 years.
@@stephaniemartin-ward4578 how is that possible? Maube they ment they rented out their property
This is awful!!!!!!!!!!!!!!!!
Master & Servant ..modern day slavery, it used to be an individual, now it's a system.
Unconstitutional law
Who cares you need to understand that house doesn't belong to you...yes 2 months isn't ok it should be at least 6 months warning but it still belongs to the owner..
it's common sense.. kick em out.. fix the place.. rent it back on market 2500 or more a month for a one bedroom.. where the tech jobs are it's where the $$$ will be.. everyone wants in it
NANCY PELOSI land of the greedy
Rent control is an utter disaster.
Glad to live in a red state.
AND what about the Land Lords, small business people trying to make a living.
with hundreds of thousands invested and many long hours running it
are now told BY government how to run those business. Go ahead
tell corporations how to run their business yea that'll work. If GM
could triple the cost of their cars, you think they wouldn't?
Perhaps you don't understand they are easily making a living now they just want to kick out tenants so they can jack up prices even when property taxes haven't risen
@@teebone2157 Tax's may have not gone up, but Insurance, & utilities have
and what about the past 10 years when they couldn't raise rents, just time to catch up.
I'm lucky, the is NO rent control here, and things here have been steady for a long time
So it's easy for me AND my tenants,. "Easily" making a living, run the numbers and you will find out, they ain't doing that good. yea they are making money, but if it's, so good,
why aren't you doing it.
@@teebone2157 read below TEEBONE says it quite nicely.
@@teebone2157 whats the point of making an investment if not to profit maximally. its especially unfair with long term investments like real estate.
terry brady yeah, tell me about how your cost of landlord operations is increasing 200% every year (that's how much they jack up the prices on lease renewal)
The Lord of the Land has his eye on your master bedroom
Cool
Am I the only one who ever wondered what news reporters make in these cities?
Frank Somerville of KTVU lives in Oakland hills and drives a Porsche. He’s def making more than 150k. Maybe little over 200k
I stand with owners, Charles Goss we vth u..
lol no wonder no one wants to rent in san fran. id rather own a place and keep it empty hold for investment maybe air bnb once in a while or use for friends family staying. these deadbeats are prob playing less per month than it costs to cover the utilities
Rents should be fair, equitable and affordable for all.
JC6817 And we should all get a pony to ride to work and money should grow on trees!
@@einnAnnie affordable for all? i mean. if i make 50k a year i cant afford to rent a mansion. thats just that.
Would you say the same about the owners property taxes?
Move to Mississippi
@@maggiejetson7904 🤦♂️ I’d almost agree to that except that it’s unconstitutional to force people out of a city/state they’ve lived in all or most of their lives so that room can be made for the extreme wealthy that represent less than a percent of the US population. Don’t you think? Just to give you context, I lived in San Francisco for many years. I was a teacher in town. At the height of the dot com boom in 2000/1, my rent jumped drastically without warning. I got priced out. Then I had to move out of the city and live 45 miles away in the east bay suburbs, but I also had to leave there too as well as my job. The money I was saving in rent, I was losing because I had to buy a car, gas prices went up, bridge tolls went up, and my commute on some days was 2.5 hours long. I now live comfortably in LA and have a new teaching job, but SF is my true home and it’s where my family and friends are. I don’t feel I should have been priced out like that, especially as one of the city’s educators, so I can identify with people (especially essential workers for the city like police, firefighters, and many others who don’t make huge salaries) who are distraught over this. It’s not as easy as moving to Mississippi.
I dont feel sorry for the TENANTS They knew this was coming and property owners have rights to do what they want with their property
Sounds like they need to drag the landlord's out in the street let the homeless rip them apart
It's sad😥, that good tenants who pay on time & maintain it in good condition are treated like dirt bags.
They are dirt bags, they stole from their landlord with the govts help called Rent Control.
Greedy landlords brought this upon themselves.
Donald Kasper I rest my case!!
Fighting to leave a city where people crap on the streets...okay😬
Renters who are not renters have no rights to tell Owners anything about their properties. First the American people were told they were squatters..Now they are renters. Tenants do not get to tell Owners anything. Get your own home and you do not have to worry about all that. Get a contract or agreement that states that the Owner will not do anything instead of going back and forth over and over and over again about the same problems..If you see a reoccurring issue..Start asking for a lease or agreement to protect that reoccurring issue from happening...This is past ridiculous and annoying to keep talking about Owners...They are OWNERS...That means they do what they want with their property. Unless of course, they commit perjury, fraud, and Obstruction Of Justice with ORDERS and are no longer the Owner, but has told the Public that they are the Owner...Sometimes Owners have to adjust to the high taxes and bills like everyone else..Instead of hating on the OWNERS. Write your Representatives about Laws that affects owners so that they do not have to move in their homes. It is not an Owner's fault when the Representatives for your Cities and States allow apartments to be more than homes. It is not your Owners fault when rent control allow $2,000.00 to $3,000.00 dollars for a box..Stop worrying about Owners and start asking for Laws to help the American Citizens. It sounds very respective and envious to watch every move of the Owner who is adjusting to the high cost of living of the Representatives. Get educated. Know who to blame and stop being illiterate about who is causing the problems... BYE
Tajai Calip you can not evict with out a reason. It is not humane. People are lying to get higher renters in. People sign contracts to live in a place x months. You can not evict before the term causing a family to almost be homeless without reason other than greed
You realize many properties in San Francisco are owned by foreigners that do anything even cause American citizens to be homeless in quest for greed. If you’ve signed a contract, it should be honored unless crimes have been committed.
maybe these deadbeats should have used the last 24 years to save up money to buy their own place instead of wasting their money on weed and scratch tickets
Brendon Bosy how do u know they smoker weed asshole? It’s hard enough with a good job to purchase a home in California when
Asians have purchased every fucking thing already