SF has the most restrictions on type and price of housing in the United States, and also has the most unaffordable housing in the country. It is, by an objective measure, the most hostile city to the poor in the whole country.
I don’t care if you want to tax landlords. But if we are going to tax rents we should be giving that tax money to people who need it, not millionaires.
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I had a friend whose master tenant, a massive beneficiary of rent control, was making a solidly well-off living from the excess rent he illegally collected from his subtenants.
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