Opponents of the anti-speculator tax that will appear on the November ballot blasted the proposal in a City Hall hearing yesterday [Thu/10] — pledging to defeat the measure in court even if voters approve it — but they were overwhelmed by a strong turnout from supporters who said real estate speculation drives up the cost of housing without adding any value.Read more »
Plans to ease San Francisco’s often overlooked home foreclosure crisis will have to wait a bit longer. The San Francisco Board of Supervisors this week delayed a resolution that would show the city’s “intent” to save underwater mortgages in favor of a resolution that might actually have begin to intervene in underwater mortgages.Read more »
More information has been coming out about how Airbnb is used to convert San Francisco apartments into tourist rentals — including an interesting study reported by the San Francisco Chronicle last weekend — in advance of next month’s hearings on legislation to legalize and regulate short-term rentals.
But questions remain about why the city agencies in charge of regulating such “tourist conversions,” which have long been illegal under city law, have done so little to crack down on the growing practice. For more than two years, we at the Guardian have been publicly highlighting such violations, which have finally caught fire with the public in the last six months. Read more »
While the Board of Supervisors today considers placing a measure on the fall ballot that would slow market rate housing projects when affordable housing development drops below 30 percent of total production, it is also slated to quietly approve another item showing San Franciscans actually need more than double that amount of housing.Read more »
I’m always wary of the BeyondChron stories by Tenderloin power broker Randy Shaw, who uses the website as a propaganda tool for his interests and those of the politicians who he helped get into office, including Mayor Ed Lee and Sup. Jane Kim, as I wrote in last week’s paper.Read more »
It's often rumored that housing conditions in certain single-room occupancy hotels, or SROs, throughout San Francisco are atrocious. And when it comes to SROs under ownership of one family in particular, a lawsuit filed today by City Attorney Dennis Herrera now alleges not only that conditions are unhealthy and inhospitable – they’re also illegal.Read more »