Question Details

Lorriehastru…, Home Buyer in San Francisco, CA

What is rent control, and how does it impact the neighborhood?

Asked by Lorriehastruck, San Francisco, CA Thu Feb 23, 2012

Help the community by answering this question:

Answers

1
I advise you to watch Pacific Heights to get a good idea.

Rent control tends to keep socioeconomic diversity in neighborhoods that would otherwise be taken over by only those who could afford to live there, generally a wealthier segment of the population. Unfortunately, too few cities have rent control so as a neighborhood develops those on the lower end will be pushed out.

In Chicago, we don't have it, but rather excessive use of the section 8 voucher program which is highly debatable in it's positive versus negative attributes.

If you get a rent controlled apartment, your rent will remain relatively stable even as property taxes change and market rents go up. Just don't forget to watch Pacific Heights. It's perfect for a Frisco resident.
0 votes Thank Flag Link Thu Feb 23, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer