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well-heeled” tenants in nine other units who have moved out since March, unable to bear the Official Womens Seattle sounders champions 2022 concacaf champions league Shirt but in fact I love this constant noise and dust from ongoing renovations in the Presidio Heights building. Marty Friedman, listed as the company’s authorized agent, did not respond to a phone call requesting comment. THE HAMPTONS IS GETTING TOO EXPENSIVE FOR LOCALS: REPORT But his attorney, David Wasserman, said it was inaccurate to say that his client wanted to drive out the tenants. The building needed upgrades that were planned before the pandemic hit, and the landlord felt they couldn’t put off the work, he said. The tenants in this case offered to move in exchange for money, he said. The real issue in San Francisco and California is the prohibitive cost of building housing, Wasserman said, and “until we address that problem we’re going to have these rental challenges as more and more people become renters.” San Francisco has among the strongest tenant protections in the country, which encourages tenants to hang on to apartments as market prices go up. (AP Photo/Eric Risberg) The Financial Times was first to report the agreement. More than 300 tenant buyouts were filed with the San Francisco Rent Board in 2020. MacDonald said average buyouts are $50,000, and they are growing given the difference between market rent and length of tenant residency. San Francisco rents declined during the pandemic, but they still remain among the highest in the country. The average rent for a one-bedroom unit is $2,750, according to rental platform Zumper. The median sales price for a home is $1.5 million, according to Redfin. Tenants groups say that without rent control, poor and working class residents would be driven out of San Francisco, unable to keep up with market rate rents. GET FOX BUSINESS ON THE GO BY CLICKING HERE Charley Goss, who handles government affairs for the San Francisco Apartment Association, said landlords accept that rent control is a part of doing business in the city. But there are situations where wealthier tenants hang on to a rent-controlled apartment, he said. The association represents about 4,500 landlords. “Paying a half-million dollars to a wealthy person who’s been keeping a rent-controlled apartment in a city with a housing shortage and an affordability crisis kind of speaks to the way in which our local rent control distorts the market,” he said.

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