California: Part IV

I just got done posting on some crazy talk coming out of California.  Not 10 lines down the page and I saw this gem:

Tenant advocates got a win at the San Francisco Board of Supervisors Tuesday with initial approval of a plan to extend eviction protections to rental housing built within the past 30 years…

Supervisor John Avalos, chief sponsor of the legislation, said the change is needed “to assure equal protections for tenants in all rental units, in San Francisco. This legislation’s really about fairness.”

Avalos – responding to concerns raised by tenant advocacy groups – said he drafted the legislation after seeing the growing number of evictions of tenants living in properties foreclosed on by banks. Foreclosure is not considered a just cause for eviction.

Look, whenEVER a politician says anything related to “This legislation’s really about fairness” run.  Run far far away.

But there is hope; albeit ‘prolly pretty small:

Colin Gallagher, who owns a condo with his husband in the city’s South of Market, said they would not have purchased their home had they known the rules would be changed after the fact. Their plan is to rent out their condo some day and they don’t want to be restricted with eviction controls. “We certainly feel this would negatively impact our investment,” said Gallagher.

Strange that, huh?  Rules implemented that affect the ability to realize return on investment might reduce said investments?

But hey, don’t let economics get in the way:

Proponents’ message: “In a city with 60 percent renters, a severe housing shortage and an economic crisis, this fix in the law should be a no-brainer,” said Sara Shortt, executive director of the Housing Rights Committee of San Francisco.

Gentle Miss Sara.  “No brainer”  You have NO idea.

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