San Francisco man fights eviction after rent increase from $1,800 per month to $8,000

Posted by $ nickursis 7 years, 9 months ago to Economics
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The virtue of a 15.00 an hour minimum wage. Lets see if we raise it approx 50%, the a 400% ncrease seems appropriate. The same people who rammed the minimum wage disaster down everyone's throat, are also too slow to respond to the guys appeal, eviction comes before decision. Who pays 1800.00 a month in rent for a little place? Oh yea..a millennial...
SOURCE URL: http://abc7news.com/realestate/sf-man-fights-eviction-after-400-percent-rent-increase/1400818/


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  • Posted by Lucky 7 years, 9 months ago
    Yes quite shocking- that the tenant did not calculate the percent rent increase correctly.
    There are no other issues apart from maybe the laxity of the Rent Board.
    I have no fundamental objection to these, tho' they nearly always favor tenants over property owners. If they exist they could at least be timely.

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    Increase = New rent - Old rent = 8000 - 1800 = 6200

    Percent increase = 100 x Increase / Old rent
    = 100 x 6200 /1800
    = 344% (rounded)
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    • Posted by $ 7 years, 9 months ago
      I am not defending either party here, although such an increase would seem to border on extortion or something. I was pointing out that SF was one of the enlightened communities that embraced the 15.00 MW as if god was going to start raining money one them to pay for it, and anything else their little socialist hearts desire.The result is, of course, a local form of hyper inflation, which this serves as a good object lesson. Or Venezuela can serve as well...
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      • Posted by Lucky 7 years, 9 months ago
        nickursis, your views on the min wage are legit.
        I suggest the min wage is of little concern to a tenant who was paying $1,800 pm.
        Extortion- but maybe the property is worth $8,000pm on the market. In that case the tenant had applied some threat to get it at $1,800pm. (!?)

        Without knowing more I am not shedding any tears. The situation appears to be a trade as the word is understood on this forum. The only role of the Rent Board should be to ensure compliance with contract terms. Courts often give themselves an added role in housing matters of requiring common decency or such. If so, that means considering the timing for increases and time for eviction notices.
        But there again I am not familiar with SF housing laws (fortunately). I've read about rent control, a measure which reduces the supply of housing, like the min wage reducing available jobs.
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        • Posted by $ 7 years, 9 months ago
          Indeed, it is something that is hard to comprehend, I cannot imagine paying 1800 a month, let alone 8K for anything. I would find another option, if enough people did, rents would go down. Same in NYC, the elites cause this issue, and it just aggravates the socialists to impose more crazy rules. Then all you get are slums. I am not fond of people getting paid huge sums for little work, based on "connections" as that usually rides on the back of real producers, nor am I fond of any government interference. That is why I like the Gault option.
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          • Posted by $ MichaelAarethun 7 years, 9 months ago
            When it comes to the ridiculous one only has to look at 'California. for Part I. Then WDC for Part II. Both wil expect the rest of the nation to bail them out.
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