> 3. You are asking the owner of the house to subsidize your rent. Doesn't seem fair. Maybe her costs have also increased. Painters, plumbers, insurance, taxes, etc all increase over time.
Oh my no. Not in San Francisco or the SFBA.
God no.
Five years ago, the place I'm living in rented for ~$1,500/month. Now? It's north of $3,000. Now, either materials costs and wages have notDOUBLED over the last five years, or I am in ABSOLUTELY the wrong line of work, and need to get me a piece of that delicious building-maintenance-and-management pie before it runs out!
Additionally: In California, Prop 13 caps property tax increases to a maximum of ~2% per year. Coincidentally, the San Francisco Rent Stabilization rent increase cap works out to be ~2% per year. SF also lets a landlord pass through all sorts of expenses and rate increases directly to their tenants.
Moreover: The landlord knew the score when they became a landlord. In SF, Rent Stabilization was enacted around late 1970. It only applies to buildings built before late 1970. So, if you decide to rent a building, you ALREADY know whether or not you'll be subject to Rent Stabilization, or if you'll be able to rent at "market rate". It's not like this shit is a surprise in most districts! :)
Oh my no. Not in San Francisco or the SFBA.
God no.
Five years ago, the place I'm living in rented for ~$1,500/month. Now? It's north of $3,000. Now, either materials costs and wages have not DOUBLED over the last five years, or I am in ABSOLUTELY the wrong line of work, and need to get me a piece of that delicious building-maintenance-and-management pie before it runs out!
Additionally: In California, Prop 13 caps property tax increases to a maximum of ~2% per year. Coincidentally, the San Francisco Rent Stabilization rent increase cap works out to be ~2% per year. SF also lets a landlord pass through all sorts of expenses and rate increases directly to their tenants.
Moreover: The landlord knew the score when they became a landlord. In SF, Rent Stabilization was enacted around late 1970. It only applies to buildings built before late 1970. So, if you decide to rent a building, you ALREADY know whether or not you'll be subject to Rent Stabilization, or if you'll be able to rent at "market rate". It's not like this shit is a surprise in most districts! :)