Rent Control – Once More With Feeling

Don’t miss the article on rent control in San Francisco, in The Bay Citizen. Scott James, How Rent Control Subsidizes San Francisco’s Super Rich, February 20, 2012. Click here.  The title says it all, and the gist of the story is nicely captured by this quote:

“Voters approved rent control in 1979 to help preserve communities by limiting rent increases, a threat to working class and lower-income tenants. However, a new city analysis shows that for the first time upper-income households (annual incomes over $107,000) outnumber the poor (incomes under $35,000), 29 percent to 27 percent. And rents for vacancies average $2,600 a month, a record high.” Source: The Bay Citizen (

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