Steven Greenhut: San Francisco ‘Values’ Pricing Poor Out of the City

With the area economy
rebounding, San Francisco is in the midst of a housing crisis as
many residents are evicted from their apartments. With rents
strictly regulated, an increasing number of San Francisco owners
are getting out of the rental business and cashing out their
properties to turn them into co-ops. Steven Greenhut argues that
rent control actually forces prices upward, especially over the
long term, by diminishing the supply of available rental
housing.

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