Weird incentive in a housing market like the Bay’s: if you own an older property (rent controlled), your ideal tenant doesn’t much like it & will leave as soon as it’s feasible. Upgrading your property such that anyone might *want* to live there will lose you big $$$
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That's the classic argument against rent control: It encourages landlords to keep their properties crappy in order to avoid long-term rentals.
I think most people assume this happens as a process of crappy maintenance to push out tenants after >10 years, but in markets like the Bay you want to know your tenant is planning to move on before the ink on their lease is dry
