Dear Starchild and Everyone Else;
The story below is about Mark Leno's Assembly bill to add restrictions to the Ellis Act specifically for SRO's ( single room only ) in San Francisco, Los Angeles and San Diego. Where any landlord with SRO's would have to get local approval before they could completely take the building off the market. It is awaiting the Governor's signature.
What Leno doesn't say is how the climate for building new housing let affordable housing is so restrictive in SF with its rent control. No one wants to build any new SRO's or new apartments in the quantity needed to meet the demand. This is what the real problem is and it is another example of the taking of property by the State for what the State dictates for a problem the State created.
http://www.sfexaminer.com/templates/story.cfm?displaystory=1&storyname=082503n_leno
Remember the following two sentences when anyone talks about price gouging.
Prices rise when the demand exceeds the supply at the offering price.
Prices fall when the supply exceeds the demand at the offering price.
Build more units the prices will fall and housing becomes more affordable.
Ron Getty
Starchild <sfdreamer@...> wrote:
Michael,
I'd be interested in hearing you elaborate on how the incentives of
the marketplace would make injustice bad for business. Also, while an
inability to effectively guarantee due process to clients might be bad
business for the insurance companies, wouldn't it be good business for
the assassination companies?
Yours in liberty,
<<< Starchild >>>