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Golden handcuffs: When cheap San Francisco rent is a blessing and a curse

By Patrick following x   2018 May 5, 2:49pm 330 views   1 comments   watch   sfw   quote     share    


Aimee Server doesn't want to stay in San Francisco, but she can't leave.

"If I move out of this place, I probably won't be able to come back to the city. I won't be able to afford it," Server said. The 42-year-old has lived in a two-bedroom, rent-controlled apartment for three years.

She'd like to escape the city for a spell, to travel and teach English in a foreign country.

"If I returned [to San Francisco], I could get my job back," she said. But a below market-rate apartment in the heart of the city? "I don't think so."

In an expensive place like San Francisco, affordable monthly rent – by most residents' standards, "affordable" means below $1,500 – can feel like "golden handcuffs."

The reporter, Michelle Robertson, is a bit corrupt in that the article is also thinly disguised advertising for realtors, but it's a fun piece anyway.
1   TrumpingTits   ignore (0)   2018 May 5, 2:54pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Price controls is what the Soviets had to use to control their economy too...and it blew up in their faces as well.

Happy 200th Birthday of Karl Marx, everyone!

The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
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