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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

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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
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