San Francisco Tenants Being Paid to Leave Apartment Expose Problems with California's Rent Control Policies

San Francisco Tenants Being Paid to Leave Apartment Expose Problems with California's Rent Control Policies
"A wealthy San Francisco couple notched a record nearly half-million-dollar buyout to vacate their luxury apartment of three decades, underscoring the lengths some landlords will go to to get rid of long-term tenants in a city with strict rent control and soaring market rents.
The $475,000 voluntary buyout is considered to be the largest in city history and reflects the high value of the apartment.
...That means landlords can only raise rent on some properties a certain amount each year, with the current increase pegged at under 1 percent...Read all.