S.F. landlords charged with tenant terror

This couple deserves whatever comes down on them, they were stupid and arrogant enough to violate the rights of their tenants and think they could get away with it.
I don't care how you feel about rent control, if you buy a property that is rent controlled you need to follow the law, and these people should have known better, at least the wife should have, she's a real estate broker.

__________________
“The thought of his being president sends a cold chill down my spine.”

Senator Thad Cochran, Mississippi (R)
on McCain

“I decided I didn’t want this guy anywhere near a trigger.”
Senator Pete Domenici, New Mexico (R)
on McCain

“My anger did not help my campaign ... People don’t like angry candidates very much.”

McCain on McCain

hey they had a mortgage to make...and they were getting hosed on their ARM....

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We few, we happy few, we band of brothers;
For he to-day that sheds his blood with me
Shall be my brother; be he ne'er so vile....

Geez! That truly is a bizarre case!!!! The Macy's are freaking NUTS!

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"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chardonnay in one hand, chocolate in the other, body
thoroughly used up, totally worn out, and screaming 'WOO HOO, what a ride!'"

Cutting the joints in hopes of having the floors above collapse?

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Is our children learning? -George W. Bush

"I think—tide turning—see, as I remember—I was raised in the desert, but tides kind of—it's easy to see a tide turn—did I say those words?"—Washington, D.C., June 14, 2006

"[T]he illiteracy level of our children are appalling."—Washington, D.C., Jan. 23, 2004

wasn't this a shitty movie with melanie griffin or something?

__________________
We few, we happy few, we band of brothers;
For he to-day that sheds his blood with me
Shall be my brother; be he ne'er so vile....

Pacific Heights? maybe

I used to live in the PRC, the Peoples Republic of Cambridge, in a rent controlled building, and it was sweet.
But there was always some idiot who would buy a building, knowing full well in advance what the rents were, and thinking it would be OK for him to charge more, because, you know, he needed the money, and they'd go crazy when they couldn't raise the rents.
In Boston, they went to vacancy decontrol, existing tenants stayed under rent control, but when they moved out the unit went to market rates, one guy murdered his tenants, yeah, that'll show 'em...........

__________________
“The thought of his being president sends a cold chill down my spine.”

Senator Thad Cochran, Mississippi (R)
on McCain

“I decided I didn’t want this guy anywhere near a trigger.”
Senator Pete Domenici, New Mexico (R)
on McCain

“My anger did not help my campaign ... People don’t like angry candidates very much.”

McCain on McCain

yea that was it, with Modine I think, thx....anyway, I think that you can buy these properties and IF you invest a certain amount of money, like 30% of the appraised value, as in improvements etc. you can raise the rent.
My jury is still out on the rent control thing......

__________________
We few, we happy few, we band of brothers;
For he to-day that sheds his blood with me
Shall be my brother; be he ne'er so vile....

Rent control stabilizes neighborhoods, everyone stays, you get to know the people around you, there is a real sense of community that is simply not present in market rate situations.
The way it worked, was every unit had a base rent, the city approved an increase every year that could be added to the base rent, and capital improvements could be added to the base rent for a 5 year payback.
It was a sweet deal, and I never felt bad for my landlord, Harvard University.

But the landlords put an initiative petition on a statewide ballot and got it outlawed in Massachusetts. Which blew up the neighborhood, as rents quadrupled and it was cheaper to buy a house in an upscale town than rent an apartment in Harvard Square.

__________________
“The thought of his being president sends a cold chill down my spine.”

Senator Thad Cochran, Mississippi (R)
on McCain

“I decided I didn’t want this guy anywhere near a trigger.”
Senator Pete Domenici, New Mexico (R)
on McCain

“My anger did not help my campaign ... People don’t like angry candidates very much.”

McCain on McCain

Well I can only speak for my area here now, rentals in appt. complexes are limited to 8% raises a year. BUT if the property is sold, the new owner can add as much as the market will bearIF they invest that certain % I alluded too.

Now as far as my older experiences in NYC, the community you mention is, well, a fleeting advantage, people living in these apts, don’t mix like they live in small town America, many, don't know their neighbors beyond nods in the hallway etc, there is HUGE amount of graft, and system abuse, people who are near the end, sick, or moving, in a rent controlled apt.s usually take a boarder in, the understanding being that they will take over the apt. lease, of course payment under the table is par for the course, the landlord is the party bearing the burden of disproving any claims as to the new tenets viability, based upon family relationship or service provided like a live in care taker (which is a popular dodge), with the previous boarder etc...the whole system is abused.

__________________
We few, we happy few, we band of brothers;
For he to-day that sheds his blood with me
Shall be my brother; be he ne'er so vile....

Rent control also causes shortages in available property. It is no different than government saying "Henceforth, a gallon of milk will cost $0.50". Its theft - plain and simple.

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In case you were wondering, yes, there really ARE more idiots these days....technology has made natural selection obsolete.

I don't really know all the particulars of the case but, at least at first glance, these landlords seem to have been complete jerks.

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Serious Quotes:


Funny But True Quotes
Those who argue for complete secularism are funny. They see what government does and then argue that we don't need it to start with prayer.

"Rent control" just seems like social engineering to me. Of course, this in no way excuses the behavior of the land lords in my mind, especially considering they knew the score when they opted to buy.

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"Government big enough to supply everything you need is big enough to take everything you have... The course of history shows that as a government grows, liberty decreases."

-Thomas Jefferson

Quite possibly at a fire sale price, with plans to do exactly what they did.

It depends, supply and demand should keep prices down but Zoning and space says you can't just build new units as you wish. Landlords shouldn't be able to throw long term tenants into the street because they've helped to make the neighborhood better, but city planners need to realize that too much building restriction will put a burden on landlords and tenants alike.