From the San Francisco Chronicle: S.F. rental market on a tear
…San Francisco rental-home owners and brokers say they are being deluged with applicants for apartments that would have barely gotten a nibble a year or two ago. Some property managers say they are boosting rental prices by 30% to 40% when units turn over…
The really sad thing is, most of these SF apt “owners” are either pre-April ’78 original owners or “inherited” the bldg from a parent. You guessed it, these enterprising LL’s are protected by “Prop 13.”
