The sharing economy in San Francisco is humming. Companies like Airbnb have figured out how to make a lot of money by using existing housing stock to meet consumer demand, which in Airbnb’s case is coming from tourists. Fast Company magazine declared AirBnB will soon become “the world’s largest hotel chain – without owning a single hotel.”
Rent control has been a way for cities to regulate their housing prices and evictions since World War One, in the wake of a big housing shortage in New York. But that doesn’t mean it’s common. In fact, only a handful of cities in the United States have rent control, like New York City, Los Angeles, a few cities in the Bay Area and San Francisco.
If you are a tenant in a rent-controlled unit in Oakland, city law prohibits your landlord from raising your rent by more than the increase in cost of living each year. But there are loopholes in this law.
“My name is Darren Bridgett, and I live in a TIC with my wife and son in Cole Valley, and we’ve been here for I think five years now. Maybe close to six.
“I’m an actor and in the arts, and my wife is a psychotherapist. She’s co-director of Haight Ashbury Psychological Services. It provides psychological services for essentially like low-fee clients, kind of like the working poor.