Can a non-primary residence be rent controlled?
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Yes if it’s built before 1979
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Is there an easy way of telling what's rent-controlled vs not?
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Built before 1979.
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Point taken, but that still isn't affordable!
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It’s a median. I’ve seen warehouses at $1K a room, which is basically the price from the last recession.
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This. The “cities are emptying” narrative folks haven’t talked to the kids. The whole point of a new market price equilibrium in economics is that it fills at that lower price. This will happen
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mostly just SF IIUC, and mostly on the “margin”. SF is a transient city where family formation almost always entails leaving SF proper. More dogs than babies. COVID pulled forward 2-5 years of transient exits of mid30s. Ie all *my* friends are leaving.
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If getting a rent controlled apartment in SF is anything like NYC, and I imagine it's harder, you're talking about a lottery system with thousands, if not tens of thousands, of applicants per unit. Any long term life in Bay/SF means levering up 5-6:1 on a very high income.
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It's much easier. Essentially anything built before 1979 is rent-controlled.
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