Real Estate Wars: Inside the class and culture battle that's tearing San Francisco apart
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- čas přidán 19. 06. 2024
- America's biggest cities are experiencing a land rush, with the wealthiest residents buying up property and squeezing out the middle and lower classes.
In San Francisco, the battle has reached crisis levels, in part due to factors unique to the area.
The booming tech industry, with its high-paid workers, casts a singular power over this city. There's the geography: a peninsula of just 46 square miles surrounded by beautiful waterfront. Then there are the city's artistic heritage and progressive values, which affect politics and policies and inform the worldview of nearly every resident.
In this special report, Business Insider's Andrew Stern talks to evictees, homeowners, activists, renters, and policymakers at the center of this fight over the future of this city.
Reported, produced, and edited by Andrew Stern. Cinematography by Sam Rega.
Executive produced by Diane Galligan
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5:19 - NEVER use this audio effect again. omg - almost left the video...
Agreed! I fast forwarded thru all that.
I Thought my speaker was broken
Damn that was annoying
Ikr wow 👀
I thought someone was listening in on the video.
“Why not just buy a different building.” Tf kind of question is that? As if they’re targeting those specific tenants or that there are just other empty buildings laying around?
"It's immoral"....he lives in san francisco and paying 700 a month for 34 years ....that is insane to me
Seems a lot of people think renting is owning.
0% vacancies, 0% unemployment, and $3,200 to rent a one-bedroom. The rent is too high. These are the problems cities WANT to have. All the "artists" have to go.
But they are entitled. It's Cali, wouldn't be surprised if the courts side with renter to be honest.
@@brandenvanmatre3603 : and do what exactly? The renter is the renter. The "court" does not own the building. The landlord does. And the landlord sets the price. If the price is too high because the "market" will not bear it, he lowers the price. And eventually it will rent. And a lease is signed (or they go month to month.) Either way, the Landlord agrees to the price the renter has agreed to pay.
The court has zero authority to "set the rental price" for the renter. So yes, they can go to court and they can sue their landlord. And they will lose. And if they go to court to ask the judge to set a lower rental price that they can afford, the judge can say whatever he wants but he has no "authority" to force the landlord to do business with a private entity at a price that private entity is willing to pay! That is not how Anglo-Saxon law works.
Exactly, It's an apartment that is not YOURS. Artist think they are exempt from reality.
Yeah since we have lawfully stole the land, gave it away to friends. Now forcing everyone to rent, to complete this system of non ownership and pay for everything except air, for now but they are working hard to ruin even that.🦅
80,000 to leave my apartment that I don't own 🤔. Where do I sign 😆. I respect his spirit and diligence but as Kenny Rodgers said " you gotta know when to hold em know when to fold em".
Chilly Willie DFW that's why Joe Rogan, Elon Musk and Ben Shapiro left California. They said that LA has gone to the dogs.
Lmao I wish it was only 80,000
chilly, steve miller! "go on take the money and run"
I kinda felt sorry for the old dude until i really thought about his situation. I pay $800 for a half decent 1 bedroom apartment in a city about 25 minutes outside of Atlanta. This guy is paying less than I am for a 2 bedroom with a basement in one of the most expensive housing markets in America, how long did he honestly think that was going to last?
+Mike B entitled baby boomer
I don't get it. Boo hoo income inequality, evictions, "speculators". Stop complaining. If you are physically healthy, you have every opportunity to earn more in this country. Stop crying, go out and earn $10k a month so you can afford to pay $3500 for rent.
Re3iRtH Ehhh it might be a little bit more reasonable to just move to an area where rent is less than $3500 a month lol. California in general is an expensive place to live but there are still plenty of places where you can get a decent place for much less than $3500 a month.
agree. what does he think that San Francisco should be cheep? come to Detroit we have tons of cheep living I'll get him a whole house for 300$ a month. if you can't afford it move out or commute or change jobs
+Re3iRtH how do you recommend they do that?
If someone buys a house and you were only renting it, it is not your home. It's the home of the person who bought it.
Anthony Mayberry Of course it's your home but not your house. It's more than semantics. A divorce taught me this lesson. BTW, BART makes it fast and easy to commute.
So if that's done to you and your not prepared it's okay!!!
Yes. How is it not? It has happened to me. I was renting an apartment in a nice section outside of Philly and the building went condo. Couldn't afford it moved to an area I could afford.
i know right. that gay artist is a jerk.
Forgive me but how does who he chooses to have sex with have anything to do with this conversation. Did mom and dad forget to change the password you set for them and you were able to get unsupervised computer time?
Amazing that the artist's previous landlord went bankrupt it's almost like he couldn't afford to own a rent controlled home in San Francisco.
M B 👍 rent control + climbing property tax = San Fran, Seattle, NY, Cali. Now who has the most homeless problems? The most property crimes?
Rent control means you're not making enough to pay your property taxes as well as upkeep of the buildings and believe me rent control complainers are worse than your regular renters. And in a lot of areas it's not just the person who was originally in the building but it goes down to their grandchildren and great-grandchildren I mean their whole family can stay in that building as long as yours the same owner if your family keep selling it sometimes you're just basically forced to sell it because you don't want your children to have the headache
2008 crisis. Some people lost everything.
another reason why bay area is bad to live, San francisco is large city that can get income off of sales tax.
Doesnt California cap property tax increase as well?
It’s interesting watching this in late 2019. Nothing has changed.
it got even worse
Hope they enjoy there shit stained, needle laced streets. They certainly deserve it.
I think it's actually gotten worse.
Please don't hate Angry Marine. He's too broke and dumb to live in SF. He has to live in Tracy.
@@thepaperstaggering How could it get worse?
Brenkus finally got evicted around July 5, 2016. He was presented with Ellis act notice in Feb, 2015, he petitioned for disabled status which pushed it to Feb 2016 - finally after more delaying, he was given a Sheriff’s notice where upon he delayed another week to July. None of his ‘contributions’ were considered as he was not a contractor, therefore no renumeration was granted. Lost on all account. Packed up and gone. Should've just taken the 80K and call it a day. Instead that money went to lawyers.
Momo u r an idiot. I hope when u can no longer do for yourself you never get any of the entitlements your idiot self is rallying against‼
Love, what a very loving response
momochasaobao, entitlement is the mindset in the sea of liberals!! You have little chance but to bolt or succumb to the lunacy!
Good for his dumb ass.... wish he gets to sleep w/ the beautiful nature for a while
Lee Remick You mean remuneration.
35yrs paying rent? That's the real tragedy right there.
US is the only industrialized country where ownership is "the norm", for example, in Germany, 70% of people rent
??? ??? bullshit, here in Canada 68 percent of all ppl own
Actually germany is of one of the execptions.
momochasaobao My brother moved out and bought a house in a nearby suburb for $450k in 2000. He has a relatively low monthly mortgage. 17 years later it's value is $900k. I understand the guy in the video was an artist, not financial guru, but he set himself up to fail financially.
but he paints and takes photos and does wood work so his life wasnt wasted...oh and cool glasses to so..#winning
that is the funniest thing I have heard. You formed a relationship with the last owners therefore you have ownership in the property? Well, they bankrupt because the subsidized you.
I would have more sympathy for artists today if there were more michelangelos and less of "this inflated condom filled with cigarette smoke is actually a brilliant piece of art!"...nope
If you are paying only $750/month for a two bed room in San Francisco, your landlord is subsidizing you big time every day. Additionally, if you have been living in San Francisco for 35 years, you should have plenty of opportunity to purchase a place. This is your choice not to do it; don't blame anyone else.
I WISH I could only pay $750 a month for just 2 YEARS I'd be in a position to save up and purchase something!
Agreed! How does this idiot artist think it’s fair that he’s paying $375 a month for rent still.
an artist is making an crazy art which sell into millions so why he had this terrible problem.
Exactly! He is an entitled dolt.
@@julianacruz9024 Most 'artists' are rubbish people. Grew up being told they were special and when nobody buys their scribbles they get mad. 1/100 gets some money
They forget to mention the foreign investors who buy up property with cash and contribute heavily to this problem. Vancouver is dealing with the same problem.
Yeah, it's real bad here. At least our government here is FINALLY beginning to target these people. But a lot of damage has been done.
Amen. This is a huge problem in both LA and the Bay Area, including Silicon Valley. That guy who made 85k might have been dealing with that issue in his bidding wars.
Very true. Some of these so called investors never even see the property.
This is a great point you make, and apparently a huge problem. I think they should restrict or heavily tax foreign (non-US) buyers. The priority is for US citizens to have housing in the US, and clearly there is a shortage as it is. When I say foreign buyers, I mean specifically for the bay area only, and the foreign buyers who flock in to buy 2 million dollar homes they only stay in once a year for a week. I feel like a tax or restriction is the only solution to help the US citizens in that area.
China also is not allowing its citizens to invest abroad anymore, but it hasn't slowed building, its just more fuel for the next recession.
Dude was offered $85k to move out and he decided to fight being evicted. I wish all new building owners were as generous. Absolutely no sympathy for someone living a lifestyle they cannot afford "I will never be able to have a woodworking shop and darkroom in a new place". He strikes me as someone who resembles an artist on the outside but is just an entitled twit.
They aren't being generous, moron. They have to pay him.
Angry liberal detected.
@@Jellyrollrider Who are you talking about??
Clearly you don't know that art is purchased by the rich for investment purposes. So the artist likely makes income. How is he entitled by wanting to have a roof over his head? I don't get your reasoning. SF pays subsidies to certain artists. This is really in truth another horror story caused by globalism. I'm sure private foreign investment drives a lot of this just as it does in NYC.
C Truth SF doesn’t subsidize artists.
The reason why I'm not living back in SF is because I cannot afford it. I don't know why renters think they own the place. I'm getting my college degree and will be moving into a city that I can afford like Philadelphia which is one of the cheapest large cities in America and vastly under-rated. So is Chicago.
Michael McConnell I moved to Philly a few months ago from NYC. Best decision I ever made!
Michael McConnell if you like Cheesesteaks many will say Gino’s I’m telling you go to Jim’s
www.jimssouthstreet.com
This place is also very good for dining out
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Enjoy!!!!
Same here in Houston. Great quality of life and not a too expensive place to live yet, everyone seems to head for the more expensive Austin and Dallas
I moved back to Michigan and live near Detroit. There are PLENTY of affordable places to live and opportunities to work. Anyone who stays in California struggling to pay rent is a fool and should move. There are plenty of places that are affordable...
I own a multi family here. Got it for 165k two years ago. It’s still really affordable and has tons to do.
$700/month in San Francisco for 30 years? He should be grateful for having that rather than protest. On top of that, he was offered $100k to move out? Give me a break. The guy was living the dream life because the government subsidized it for 30 years. He was lucky he even got that opportunity. I wish I could pay below market rent for 30 years.
Having just visited San Francisco for the first time, I found it beautiful and disgusting at the same time. The amount of homelessness was unbelievable to me. A city which lacks a middle class and has only the very wealthy and the very poor is not a healthy community in my opinion. Great video explaining what really is a housing crisis.
The artist tenant turned out a 135 thousands dollars offer to leave peacefully out of someone else's property, it's mind blowing, if the owner wants it back he " owner " has the right to.
The tenant was offered a buy out, like what else does he want? The owners were giving him money for a property that wasn't his, just to be sure he was gonna be fine, but the entitled asshole thinks he deserves it all just because he rented it long enough, like, whattttt?
He knew the real owners. These are prospective new ones.
Nicholas Littlejohn so because he knew the owners that means he has more rights to the property than the actual new owner?
@@NicholasLittlejohn that's not how property rights work.
I agree with you, but to correct one part, his portion of the $135K buyout which he split with his roommate is $80K.
He is crazy for not taking the buyout.
The tenant who refused the buyout failed to learn something decades ago: Buy property. Be your own boss.
facebook.com/marketplace/item/1906115072823559
+Buster Biloxi It's San Francisco. It's impossible to buy property there.
Something as simple as the Full House building is probably in the millions.
@@somedude9528 Then move out of the Bay Area to a city that IS affordable. That's his problem - not the new owner.
@@somedude9528 That house is on the market for $6 million. deadline.com/2019/05/full-house-san-francisco-for-sale-featured-on-tv-1202607191/
@Dio Black _Eminent_ domain.
Take the $85Gs and move to Wyoming pay cash $40g house 4 bedroom
Then be really happy.
Simple. That guys a leftist-socialist nitwit...
jage I’ve been to Wyoming, it’s beautiful 🤓
It’s cheap and an amazing place to live, the nature and views are incredible❤️
The tenant was awfully inflexible. His identity/ego was His apartment. To bad. He really screwed himself.
jage you’re assuming these people have common sense.
You know I moved out of the bay area to Texas I can't decide on which house I want to buy here and I mean real Texas
Not that Austin bullshit. Austin is a wanna be S.F.
So you'd rather be homeless than accept a 100k buyout? Makes perfect sense.
Typical liberal logic
Alex Sauceda because not everything is about money you materialistic superficial conservative fucking idiot! He's been living there for the past 34 years of his life. His art, his memories, all of what he had experienced is attached to that place!
So because he's lived there for 34 years and has memories in the place it gives him the right to squat on the property and vilify the people that bought it and simply want to live there? I'm sorry but if memories dictated when a tenant can and can't be asked to leave a property then the housing and rental market in this country would be in a far worse place. Perhaps one day if you ever own a piece of property that's rented to tenants you will be able to empathize with the couple better.
He has never been late for rent. Fixed the place up. Pays plenty.
And? That gives him the right to squat there as long as he wants? He's a tenant; he's expected to not pay late. That's what the whole idea of paying rent is based off of.. And he fixed the place up on his own volition, he didn't have to do that if he didn't want to. He could've lived there never having made a single upgrade and the landlord couldn't have made him to do so. And "pays plenty" is a very vague and subjective statement. So what is your point? If you ever own a rental property, which I doubt will ever happen, then I can assure you that you're opinions on the matter will change
There's something i'm not getting about the artist who's being evicted with the Ellis act. I've rented for years and I have never viewed my landlord as any kind of a social worker, he's a business man, pure and simple. And on top of that, the family who bought this building are offering him ten's of thousands of dollars simply to move? That's just not even part of the deal when it comes to renting, there's no such thing as equity built up no matter how long you've been there. According to my experience the new owners are being extremely generous, I don't understand his sense of entitlement.
He’s been paying $800 for decades? His landlords weren’t making shit, of course they’re going to sell it! Maybe rent control caused this?
disgusting, I had to turn this video off 10 mins in, batshit insane communists, equity build up in something you've never owned LOL.
It's called white privilege.. They get better & fairer treatment than most other humans on earth, yet they seem, the most aggrieved by it all. It's like dealing with naive children that have to face the fact that Santa isn't real. It's white folks replacing white folks, where's the injustice..? because you have to move.? Welcome to our(regular folks)world.
The previous owner got bankrupt because he/she didn't charge the market rate for the home.
You could have made your point without the silly race-baiting. Entitled people exist all over the color spectrum, and some just love to play the victim no matter how good they have it.
SF...where you can walk out of your multimillion dollar property and step in human feces 🙃
San Fran Sh*thole
New York is becoming the same way. I'd love to move to a more hospitable place without thug landlords and druggies. As far as I'm concerned, the defecating drug addicts and the rich deserve each other. Enjoy.
There's actually manure maps where you can track and locate the druggie hotspots.
MmeDefarge (Expose NYC Meth Labs) why does everyone think all landowners are rich? My family has 4 houses we rent out and everyone in my family not retired works full time. MAYBE PROPERTY TAX IS THE PROBLEM.
Sounds like Paris.
6:14 : he 'had a relationship' with the previous owner, and therefor expected to receive below market rent for life. An I thought millenials were entitled.
Shit I’m a so called “millennial” and I don’t even have that kind of mentality.
Real estate can turn anyone and everyone into an entitled asshole.
no it's called 'rent control'
@anonymous Incredible, isn't it?
He should have taken the $80k buyout. He was renting for 34 years because he was taking advantage for SF rent control law. Should have bought a house 34 years ago. Stupid!
Stupid alright. Must have had a wonderful life spending all his money whilst everyone else saved and planned ahead. What entitlement!
But but I’ve LIVED HERE FOR 35 YEARS 😭. freakin entitles pricks.
you don't "take advantage"of a law. You are lawful.
When you are paying $700 for a two bedroom apartment, you are taking advantage of the law.
@@Josev-TV what law
My landlord threatened to evict me because my bathtub was dirty. It pushed me to finally buy a place. That was just two years ago.
I saw in the paper that someone in my old complex O.D.'d. Guy had a criminal record--but I bet his bathtub was clean!
clean ur bathtub and stop being a pig
Kirk T
wash yo ass and keep yo tubb clean! dirty 'mo
Ok I'm a lazy fuck, but even I wouldn't let a bath tub stay dirty
Over taxed and high rent... c'mon California, a lot of y'all need to wake up and fight the system
California needs to get rid of rent control. Rent controls is reason why rent so high. Investors are needing to charge higher rents to subsidize the lower price rent control units. This case $750 for a two bedroom is absurd.
Exactly...same here ny state or elsewhere
@@Carlos.PerlaRE no need housing control...
@@Carlos.PerlaRE No, rent control has nothing to do with the housing prices. Learn economics.
@@linusmlgtips2123 loool
5:16 WTF I thought another tab with the same video opened in the background
Yeah, their producer must have been on vacation or something. That shit made no sense. Why not use the Darth Vader voice modulator instead?
the old guy should have bought a place 34 years ago when it was cheap.
haha wy, so his place could fall apart and the neighborhood go to shit and then he'd sell and move elsewhere for much more money
Such a naive and uninformed response.
I know right ! Begging of vid I was thinking he owned the spot and I was hating the dude and his wife but then it was learned the artist doesn’t even own the place and is just a renter. Get out you squatter you don’t own the place
@@turtleturbo1025 ignorant. Here's the reality, not everyone can own. Most have to rent. The more that can own means the price goes up and less are able to. Finite supply and high demand makes for ridiculous prices. If all of a sudden the folks who can't own also have no rights as renters where do they go? Not all people can work at high tech firms so the people who pick up your trash, deliver your mail, serve your coffee and meals at you favourite diner can't afford to live in the city. Stop being shirt cited. Get some imagination. It's easy to see where income inequality leads to. You'll sooner or later see the poor fed up and fighting back which will lead to violence. It's happened before and will happen again. It's up to society as a whole to take care of the social fabric. You can't live within a social fabric eith a selfish mindset.
@@elizabethbennet4791 - At least he would have made a huge profit on his equity and could buy a relative mansion in Georgia or Texas.
I don't get the point. Here in Hungary, Budapest I've moved from rent to rent yearly on average as something always happened: the owner decided to sell the house, or have a relative move there instead etc etc. I never thought of complaining as I only rent the place and I have no control over what the OWNER does with their property. Yeah it sucks, I haven't had a stable home lasting more than a year for 10 years. But I understand I'm not an owner, end of story. I can only dream of staying in one place for 35 years and then getting 80k to move? Did I get that right? That's surreal! Take the money and get a home elsewhere that will be yours...
Exactly the same here in durham nc, dallas tx and everywhere I've lived. This guy is crazy to not have owned. If rent control is real, that is why the prises are ao high. You can't artificially control the market and not expect the market to react.
yeah they were very generous to him- the problem is that logically just because you have it sucky doesn't mean that we should't try to better a less sucky situation. that' not an argument.
wtf
@Nob the Knave -The wealthy don't control or create the market. In this case, it's driven by the weather and natural beauty of the Bay Area, and the tech market/tech companies.
Yeah, and it has become very very expensive to either rent or buy a home in Hungary too. Especially in the capital or in the close proximity of hubs. When flats or houses were cheap during the crisis I didnt have the money, now even if I am trying to save money, if it carries on like this, I will never be able to buy a home because prices have spiraled out of control. And banks are not very eager to give you a loan unless yo have a huge amount of downpayment.
WHEN YOU RENT YOU DON'T HAVE A "LIFETIME LEASE " The Fact you have rented and not Invested in a House for
Once a traditionally creative bohemian spot gets bought out, it’s not cool any more anyways. Even if you manage to adapt or keep your home, the scene you want to be around vanishes, and you eventually end up sitting by yourself bored.
Would be interesting if everyone in this situation got organized and moved somewhere else - effectively taking “the heart of the city” with them.
infinitycrops that’s true. Good point.
So true, everyone you know, moves and you're alone.
Doug Hendricks You’re an asshole.
That's insane that he is paying $735/mo for a unit whose market price is probably something like $5,000/mo. If you take units off of the market like this it just exacerbates the affordability crisis because now there are fewer units to go around. He's being offered $85k just to move out of a RENTAL which he doesn't even own. This is making property rights into a farce as the new owners point out.
Will Allen not everything is about material. He's been living there for the past 34 years of his life. His art, his memories, all of what he had experienced is attached to that place! The city's government need to address the issue in a manner that preserves the culture, heritage, and the middle class demography of the city. Stop screwing the middle and working class up!
Hes been living there 34 years! If he bought a house he would have it paid for and not be forced out by his landlord. This was inevitable, his own selfishness of thinking he was entitled to rent the place forever is biting him in the ass. Fuck him for thinking hes some sort of moral compass
If you knew anything about business or real estate you would easily understand the owner has the right to take it off the market and/or evict to move in family members. State laws differ in execution and timelines, but the tenant isn't winning this battle. The tenant is selfish, he is living in a rent capped apartment making "art" while slandering the landlord at her job to keep them from moving their family in.
J Doe I'd love to play poker with you, you place all the wrong bets just like the tenant. Whether the lease expires or the couple goes through with the Ellis Act, this guy only has a few months left in that apartment.
What is the truth ... He didn't want to leave, and tried to make the family look bad. He was offered 100k which is fair I believe. why are you angry dude. The family now occupies the place and he left the bay area ok. Period
Enough about the artists where do elementary school teachers live!!!?
Solano County is still affordable...and there is a teacher shortage at many of the schools. Check out edjoin.
school closets? full disclaimer I live in a closet : D
My Daughter is a Teacher in SF she pays 1500 a month she walks to school rain or shine she had a car but its to hard to park it was broken in to to many times and the cost of insurance she gave it up and after 3 bikes stolen we bought her a moped and its fully insured if stolen .
Charles Darwin in the same neighborhoods since they're usually in the same income bracket as working artists
Did someone seriously suggest SF elementary school teachers should live in Solano county? Would you take a 4+ hr rt commute for $45K? I'm an educator...I would switch careers. SF needs teachers as well.
i met a retired couple who use to live in SF, they bought a condo for 300K a few years back, sold it for 900K. They now live here in GA and bought a 3b2.5b house cash for 250K.
12:22 "there are a lot of great options for creative people"
the kind of sentence that is only said by real estate agents ^^
@Eisen Chao Or they can "learn to code."
I guess "creative people" don't needs stoves to cook. Really, who would pay for that studio?
😂😂😂
For $735 a month split among 2 people in SF, how long did this fellow expect the keep this up without having some sort of contingency plan in place?
The Harshawats have every right to move into their new home without repercussion. Mrs. H has been wrongfully libeled and slandered.
Kevin Lew couldn't agree more.... if it was me I would sue him to his grave.
Kevin Lew The problem will this logic is that it made it seem the rise in rents were inevitable as it is looking back in retrospect. While people knew they would rise, absolutely no one could foresee the huge spike in property values in the Bay Area over the past 5 years, not even 8 years ago right after the housing bubble. When he first got the rent-controlled place back in the early 80's, the crack epidemic was just beginning, creating a lot of hysteria about the deterioration of the inner cities in America, which undoubtedly pushed down home values back then. American cities from the late 50's to the mid-90's were in general quite cheap as the vast majority of the wealthier white middle-class families had moved out to the suburbs.
Mbwunion that sounds like a person problem of his, not the landlord's. You could wright an essay about some crazy crack conspiracy keeping prices down nationwide for 4 decades; but it doesn't change the fact he is simply a tenant and the apartment is no longer up for rent.
If she gets fired, or passed up for a promotion sue the old leeching bitch.
No she really hasn't. She doesn't have to buy the building and evict him either. Just because somebody has more money than another human being doesn't make them more justified. The fact that he's an artist and she's an art curator (who makes money off the backs of artist who likely don't enjoy the money made of their work at the same rate as she does selling it) is just parasitic and morally wrong.
I lived in San Francisco 6 years, 4 for college, 2 actually trying to make it there. I couldn't wait to get out of there after I finished school. The traffic, the crowding/congestion, being harassed by bums, scorned by the uber-elites, the constant smell of piss, stepping in human feces, fighting with my greedy landlord to make my run down apartment somewhat inhabitable. I left there a broken woman, honestly. I spent one day in SF this year. Oh hell no! It's only gotten worse! I was scared for my life downtown. On the way back to my Dad's house in the East Bay, I had the pleasure of sharing the Bart ride with a homeless woman who was asleep with a cast on her leg and was covered from head to toe in her own shit! Liberal paradise? Post-apocalyptic nightmare is more like it! I don't even think it would be nice if I made a bunch of $$$ Seeing the wealth disparity is depressing as hell. Evil backward place, as far as I'm concerned.
Damn.... This is what happens when "liberals" run a city. Make it impossible for the market to build new properties to absorb the influx of new and rich people. This drives up the rent. Then tax the hell out of everyone and give the money to homeless and themselves. They have ruined SF and its only the beginning....
Anecdotal bullshit.
@@busterbiloxi3833 no, lived experience
@@janea3601 If she was so disgusted by that Bart ride why didn't she just move to another car on the line?
@@chipb4617 And all manner of closed door government graft, since no one has any morality or principle in the controlled political leadership. Weird how the people who do this stuff seem to believe themselves, like over at Oberlin College, they still don't get it even after a $44M settlement after they attacked a local business. And they still don't get it.
I live in Northern California and it's like that everywhere, investors are coming in and overbidding everybody and buying up property as well as the Chinese are buying up a lot of the property and paying cash on top of the fact that everybody from Silicon Valley all the tech Geeks have come into San Francisco and can actually afford to live there so unfortunately others get pushed to the side.... if you ever walk in San Francisco you can see the homeless everywhere and sleeping on sidewalks no pillows just a blanket at night ....it's hard to see but even harder to know its a problem not being dealt with.
Wait where you live is it cheap
He should have bought something 34 years ago.
When the Borg finish with assimilating San Francisco, they will converge on neighboring Oakland. They have already started the process of terra-forming
HeavyMental1000 😂🙌
This is even funnier b/c San Francisco is the capital of the Federation.
HeavyMental1000 I remember the Oakland Hills fire.... I was 17 and working at the Hennessey House in Napa & my bosses where worried about there house burning down! The smoke reached Napa.
These buyers did not create this problem, When you rent you are always subject to possibility that you will be required to move.
There was a time in my life, I lived on the upper East side in NYC in a rent control building. Then it was over, I was grateful for the time I had, it was a great deal, I felt privileged to have found it!
The moment they said he declined the buy out all sympathy went out the window. This isn't his home he owns and some corporation wants to build a shopping mall. He never owned the place and so it was never his. Deeds don't care about your emotions dude. Move on
A lot of gay men his age can’t imagine living in any other city as they see San Francisco as such a sanctuary for their community. It’s hard for them to imagine moving to Kansas or Wisconsin and feeling safe. And he would definitely have to pack up and leave the state, because that sounds like a lot of money to you, but in California it couldn’t buy you a house
@@msabigailflurm1163 yes, that money can buy you a good house in California. Just not in LA, San Diego, or San Francisco
Zachary Henderson or anywhere in pretty much the entire state that’s within a 100 mile radius of those places
@@msabigailflurm1163 that's just not true. Besides, the man was also paying $735 a month in rent. He could easily take up $80,000, put it down on a house, and Finance the rest with a monthly payment equivalent to what he was paying in rent.
Zachary Henderson where in California within a 100 mile radius of San Francisco can you buy a house for $80K?????? That’s not even close to true. You have to go close to the border of Nevada or very far inland for that
Rich Liberals vs Entitled poor Liberal “Artist”...... this is GOLD
its sad but thats capitalism. the unfortunate bit about cali is that every single rich person wants to have a condo or mansion in that state. it pushes up home prices and chokes supply.
TheMrgoodmanners I left Venezuela now with six figure incomes, that old man knew he can't do this forever
It's akin to a civil war amongst comrades in arms. Watching them tear apart each other is priceless.
the rich ones definitely aren't liberals
Riff Raff you think there's conservatives in the Bay Area? 😂😂
That artist could have taken that $135,000 and bought a house in Montana and setup his art suite and lived out the rest of his life. Wow, just wow. The new owners didn't even have to give him any money.
Yep, the guy's a dumb-ass
Renting for 34 years! That's Insanity🤔
probably paying $500/month due to rent control, and the market price is $5000. Now they don't want to return the property to the owner because they are having such a good deal on rent.
You never own a house in USA... Try not paying property tax on "your" house.
@anonymous so if you go broke you have to sell your house and become homeless?
@anonymous it is not an issue of laziness. Many old people I see today are lonely. Future is going to be full of lonely people. So, if you get old and get sick or loose all your money in one way or another you have to give up your house too?
@anonymous no
He should've took that 100k and moved somewhere cheaper
yeah and buy mini house + cars like the tv show.
100k is not enough, think about it. He spent 34 years paying rentn try to factor that and inflation. It will reach above 200k for what he have spent his entire tenancy.
javon holmes yes he lived for 34 years but doesn't mean that he 'owned' the place.
He should have bought his own place 30 years ago, why he choose to rent? imagine how much he saved throughout the years. He has no rights in law to seize landlord property. And should evicted without any protest.
r5a1c9google he has every right by law and by contract. They never would have been able to afford to buy the place as they said if these tenants weren't part of the deal. they both have good solid well paying jobs and the whole elis act issue..... I think they fudged it as best they could to get rid of him.
In china, owner will pay him nothing, and will hire some people to drag him out probably in the middle of the night and throw all his belong away.
Having recently moved from the Outer sunset District in San Francisco to San Antonio, Texas for Pharmacy School, I can speak on this situation from experience. It is becoming crazy in SF not only with rent prices but also with trash and drug-related trash in public transit systems. I am a ballet dancer and have been fortunate enough to be able to go to school to become a Pharmacist. So far, my time in Texas has been wonderful and tremendously affordable. I do not know if I will stay in San Antonio forever, but for the time it is lovely. I love California but it truly is disenchanted. Things change, people change, cities change and adapting is the only way to prevail.
Ryan Curiel Well Said. 😉
Good for you. Congratulations and I hope you are doing well. Realism is often in short supply in CA.
Well San Antonio is beautiful but liberal. Try east, North of Houston, Woodlands is nice. Lots of nice people opportunity and money.
I lived in the same place for 35 years, saving, investing, working, passed on a $135 buy out and can't afford housing...
I love how he says the free market will not be able to come up with a solution. When everything San Francisco has done, has been anti free market and look at where they are now. How much more rent control, hurdles to develop do they want?
Rent control is not why the prices of housing is so high. Learn economics.
@@linusmlgtips2123 whyd you have to remind me how cringe libertarian I was a year ago lmao
@@Ljrod95 I was the same way years back, haha.
Anyone else find it ironic that the "open-minded" artists getting forced out of their massively underpriced apartments would never be open to living in one of the many cities in the US with abundant, affordable housing?
so this old guy wasted 40 year renting and not buying or saving.. yet he feels he's owed something that was never his... hmm
“Yet he feels like he’s owed something” this is EVERY democrat and leftist. They all think they are entitled to free school, healthcare, housing and work
@AMERICAN PATRIOT Oh, how commas can make a statement sound oh so different.
I read this as "This is the entitlement of the liberal leftists, idiot." lol my bad.
@@IPGAuto You should be entitled to free school and healthcare just like any other country in the world that cares about its future. Housing should not be an entitlement or work, but the opportunity to obtain work and housing should be available to every citizen of this country.
@@thomasliggins1424 - Entitled? Who am I to be entitled? No one is entitled. Not everyone goes to college. That mentality is beyond idiotic. Tell me, how do things work for those 1,000 students graduating, EVERY YEAR with the same degree? How about the job market? The thinking of the left is so moronic, one just has the hardest time comprehending their stupidity.
They want the benefits now, without a clue about the effects on the future. The day the left/democRATS take office, the US is done for. Either way, the economy is heading into a depression thanks to Obama and the 0% interest, QE, and bailouts. The left are people who kick the can down the road. Look at California, then talk.
hate to say it, but typical liberal in SF
"Let me show you my home"
It's not your home.
there aren't too many blue-collar workers in Beverly Hills and Bel Air, Midtown NYC., either!
735/month ? Rent control? How is that fair for the landlord?
Nob the Knave not everyone wants to be broke. Some of us want to make some money.
Conspire? It’s self regulating. You can’t increase rent if no one is there to pay it, otherwise, you lower it
Plus taxes, insurance, maintenance and miscellaneous expenses eats up a ton.
Feel free to vote in a conservative city counsel that believes in markets and will actually hand out building permits. Face the facts, you voted in these idiots. Its your own fault.@Nob the Knave
Tax control only goes so far though. It definitely does not offset the opportunity cost of half the market rate of the unit, if you add all the cost that implies to be an owner, he is not making much profit, if any at all. That’s why landlords have to charge as much as they do.
These folks are nutz. I live in a 3000 square foot house on an acre of land in Georgia -- paid $165K. All those snobs from San Francisco think we're a bunch of in-bred hicks, but I don't know anyone who would live in a UHaul truck for $750 a month.
But you live in GA. The humidity is nasty.
Exactly what a tech worker did. Live in his van and used the company's shower. People go to the job. Not everyone can live in Georgia.
hey i gotcha, i'm from florida. i'm never leaving. i'm working class but they price me out of my coastal city wonderland i'll just move to the interior. gainesville, tallahassee, or some hick town in central florida. still beautiful, still accessible to the oceans, plenty of water and affordable to live. i don't know why people are putting up with the corporate bilionaires running over them. we're doing this to ourselves because late stage capitalism makes them feel good being elitist i their empty, empty world. they really are silly.
I hope you're not calling all sfers snobs. I would love to live in Atlanta but the pay is poo unless you're in a decent paying career. There are plenty of jobs in SF and the 15 minimum wage helps but not enough. The laws need to balance the rich and poor gap because sf is just an exasperated reflection of the whole country's rich/poor gap that continues to grow every year.
Shannon S
Should have gotten a decent paying career.
My wife and I have rented in the San Francisco Bay area for 35 years. It was always expensive here. We finally decided to buy 1.5 acres in the mountains of a neighboring state. Pine forest, National Forest land in an Elk Migration corridor, 20 miles from a large city. I am now building a Timber Frame lodge/Cabin with my own hands. We bought the land, a new Travel Trailer to live in while I'm building and have been developing it over the past three years....Driveway, septic system and foundation is done. ALL ( that includes cost of the land and the new travel trailer)for less than the the cost of PERMIT FEES in California. I feel really bad for anyone buying a home in the Bay area. You are getting screwed by the Realtors, the Banks AND the Government. Thats three strikes before you even move in. Property taxes on a Million dollar home is over $1000/month. Why would you do that to yourselves? You are making a terrible mistake.
Why does the painter need to live in San Francisco? The Tech family has to live there for work. Can't you paint anywhere?
MB, what about working at home? This is the age of the internet?
@@pennyo6868 Not all employers allow, believe it or not.
WTFd is wrong with you? That's the wrong attitude. Even though most painters can't afford to live there, lol. The owners of corporate painting companies can but not workers. No blue collar people live there anymore! Not for a long time!
I was born there 1961. I know. The poorer people live 100 to a house, that's the only way. Everyone else OUT PRICED.
San Francisco will evolve into whatever the millionaires want it to be, but it's a near certainty that it won't continue to be what it was.
Indeed, all the wealth will make it something better. Can't wait.
@@KevinJohnson-cv2no They won't make it any better.
SF would collapse without the middle class and poor, how do you think SF opperates.
San Francisco will be crashing down when the next earth quake hits, the time is nearing.
@@abelcerrillo2162 cant wait!
My brother was paying 1,100 a month for an efficiency 3 years ago, they just raised his rent to 3,100 a month! FOR AN EFFICIENCY!!!! RENTS GOING UP AND SO IS THE HOMELESS POPULATION!💔
Sergio Aguirre hes buying a home in Austin Texas.
The liberals are moving to Austin. I would say they are going to ruin TX too but I think the cowboys can keep them in check... They are surly ruining Austin@Sergio Aguirre
Jeremy Jackson Chicago, Detroit, Newark.
leah Renee Wyoming is beautiful and cheap
leah Renee GEORGIA everyone come buy a mansion in Georgia
Watching again in fall 2019 and nothing has changed. I recently left the city and now I pay a lot less for more room out in the suburbs of Antioch. Crazy to think a place I paid 1800$ a month for in 2014 is now renting for 5000$ a month! And I honestly thought the 1800$ was way too high at that time
This video reminds me of my extended Native American family and their suffering.
Americans have it so good. How quickly we forget. Visit a few reservations. No running water or electricity. So it is hard to feel bad for a guy who was a renter and rejected money to move.
American pampered ppl
This guy lives in another world. He doesn't own it, they offered him thousands to move lol and he says no lol. Insane.
Leftist mind set idiocy, exactly.
And yet he plays as he's a victim. The real victims here are the new owners that can't live in a house they bought.
the guy making 85k is practically making minimum wage.
Matt Dathew you must be wealthy??
It's poverty in the Bay Area for sure. In NYC under $100k is lower middle class.
Poverty line in Orange County was 80,000 last year.
the minimum in san fransico is $15/hr, makes u wonder how those people survive
I make over 100k, I don't feel like I make that much money here. I have lived month to month since I moved here three years ago. Not sure if I will be able to make much more than I do now and if I do I feel it will somehow still not be enough to live comfortably or ever buy a home here. In order to buy a home, not only do you need to make six figures, but so does your spouse. Without approx 200k a year don't even attempt to look for a home, even in the East Bay the high rent and real estate prices is spreading correcting the rent means correcting the sales prices IMHO. Not sure that is an easy task.
When housing is a home people build and invest in community. As housing becomes just an investment, absentee ownership does not invest in community, you end up with sterile environment.
SF...where your tire is more likely to be puncture by a heroin needle than a nail.
Then stop shooting up.
Sergio Lamar lol ur lame bro a heroin needle can’t puncture a tire. Smh
OpenYourMind maybe you should open your mind...the point isn’t that a heroin needle can puncture a tire but rather after paying top dollar you discover that you are surrounded by junkies and human poop.
My family work hard over the last 15 years to finally save enough to buy our first small home 30 miles from San Francisco. Yes, at least I need to commute back and forth to San Francisco for my work and need to face the horrible commute and traffic. Yes, the monthly payment is putting a big dent on our monthly leftover for food. Yet, we are happy that we finally have our first place and we can call it home. Saving hard has been our plan for the last 15 years. San Francisco is one of the jewels of the Silicon Valley. Many richer people like the place. If we are financially weaker than others, we just have to accept the fact of life and move away from San Francisco. A contingency plan is always necessary, and the will to save is of utmost importance.
The only reason it's like this is because of Prop 13
SF Inst In Silicon Valley.
This has gone to the point where you need to pay tens of thousands of dollars for them to leave your own house.
It happened to my parents we did not raise the rent for 10 years now, 700 dollars a month plus water. We offered 20,000 dollars for someone to leave even though they didn't pay rent for 3 months now, causing damage to the wall, and being disrespectful to us (also a rat infestation which we had to clean up). They refused to leave, and we were in a court battle but the judge ordered them to leave, but they still wanted 40k dollars, even though they bought an house already. Also this happened in San Francisco were a 1 bedroom place cost 2000+ dollars a month.
san francisco should mandate everyone take a microeconomics class so they can pass reasonable urban planning policy
He should have took it and left, they own the home its their's now gtfo
Rent control is the issue. One lone artist living in a 1800sq.ft rent controlled loft means no one can knock down the building and build a bigger one or rent it to a big family that actually needs the place. Here in New York, many rent controlled tenants turn their apartment into a business. They rent our rooms at market rate while only paying the landlord a few hundred a month and pocket 2-3 thousands as middle man.
Total b.s. What you are referring to is called a sublet. Landlords must be informed and agree to a tenant subletting a rent controlled apartment. Additionally, the tenant may not house more people than the apartment was intended to house based on New York fire codes. Who are you really?
@@thnktank1 Why are you assuming they are following the law?
@Nob the Knave Please, it takes years to evict a tenant, acting like the landlord will know or theses laws actually stop people from abusing the system is naive
As a native San Francican I can no longer afford to live in San Francisco and this makes me incredibly sad.
San Francisco, where every street is a designated pooping street
designated
desecrated
The great challenge u been there?
I live between SF and Sacramento. The houses out here are insane. It is not just the tech industry driving up prices. A lot of people are moving here from India, and outbid everyone. Where they are getting the money is beyond me.
One of the least talked about factors that is hurting Bay Area real estate is the power of Chinese cash. Everyone is fixated on tech money affecting the home prices and rent. The real big dog on the yard is Chinese cash. They find what they want and pay whatever it takes to get the seller to sell to them (kind of pathetic if ask me, but it is what it is). Even if the seller doesn't want to sell to them, everyone has a price and at the end of the day MONEY TALKS.
SF isn’t a “jewel”, it’s a cesspool. Every time I need to work in SF I’m reminded of what a shithole it is.
Rediscover Film truth ..
Long time ago it was great place with an awesome climate. But that was then, this is now.Housing has gone up all over the US and Canada. Even in the boondocks.
The priciest shithole in America, locals are forced out to the East Bay where housing are much affordable.
You're confusing San Francisco with CZcams comments.
Guy - don't be naïve.
I've been to this area and often wondered how the gas station attendants and fast food workers could afford to live there. The high prices in San Francisco affect housing 100 miles away.
Me:*suddenly wakes up and can't move*
My sleep paralysis demon: 5:19
9% Market Rate Rents. What did you think would happen?
liberals don't think.
Indians with H1-B visas are taking over your houses soon LOL
Jason Humm i
sean conservatives can care less
A city with dope fiends everywhere with dirty needles & human shit covering the streets San Fran is an absolute shithole
its wrong?
you are a TENANT! you dont own the space, you pay for the use of the space for a fee for a time period. that time period is up. move
Less than $1,000 bucks a month for that nice apartment? Shiiiiiit.
You are an asshole ccpanel
@@janedope2303 Why? He's right. If you rent a car you are purchasing a license to use it for a specific purpose for a specifics period of time at an agreed upon price. When the time is up you turn in the car. Same thing with renting an apartment. The time is up. Time to return it and leave. He'll just have to move - maybe out of the Bay Area
I've lived here for over 20 years. I moved here during the end of the dot.com. 20 years ago it was ALSO insanely expensive. I also have many friends who worked in Silicon Valley during the semiconductor era ( back when we actually made physical electronics ) and according to them... it was expensive back then as well.
Its been overly expensive here for generations. It took me and my wife almost 10 years just to save up for a down payment. Its a hard place to live. But if you can manage to make it, it can be a pleasant place to live.
Great report and great reporter (the bearded guy Andrew). He LISTENS and when needed ask a Candid question with emotional intelligence to respect the person being interviewed. Great job
#Daniel Davis I'm a SF native, I have a degree in design and another web development and I'm being priced out! The issue is that you can cater to executives and the wealthy, that's fine. You can also cater to low income or poor families but, there is obviously a middle class that is being paid middle class wages and realistically, the housing situation is not sustainable. The guy making $85,000 a year is a great example. Maybe in the bay area, in 2016, $85,000 is not a huge salary but, you should be able to live off of income like that. He isn't uneducated or incompetent. @George Hamilton
#piehamcake1 You don't entitle to stay as long as you want as a tenant. This is a market driven economy! @Internet Crusader
Agreed. I place the blame on Apple, Google, HP, Facebook, etc. who for some reason feel the need to have 10-20 THOUSAND workers all on a palatial "campus". What the hell? WHY? It's not like it's an industrial plant where the workers have to be close to the machinery of production and the raw materials, but that SEEMS to be the model they are pursuing. Stupid.
Imagine the property tax bill for 1.1 million home
@97RAVINEAVE Please site your reference. I left california. And it was the High taxes, homeless zombies, and High hiv rates , HIV decriminalization of knowingly infecting someone with hiv that drove me out.
This happens often in Lake Tahoe as well. We thankfully own our home now, but have had to move two other times because of the home selling. Almost all of my renting friends have been quickly displaced too. Constantly happening here.
Ok, so people want to live in premium real estate and pay next to nothing for it because memories. Here's a thought, it's not your space. If you rent, that means it belongs to someone else, called an "owner." Owners of property have every right to ask market prices. And if you dont like it, you have every right to move.
Well said. I don't know why this is so hard to understand.
because you are piece of crap.
J Doe And when that contract is over they can raise the rent.
The guy is obviously an entitled piece of shit. It's amazing so many braindeads in the comment thread sympathize with him! I mean, after the threat of imminent eviction has been hanging over his head for two years, he doesn't know what he'll do when it happens? Jebus, dude obviously doesn't think at all.
This video and Googling the phrase "poop maps San Francisco" answered a lot of questions.
If my landlord offered me money to buy me out, and it was anything more than the amount it would cost me to move, I would do it in a heartbeat!
you can't rent and expect to have the rights of an owner LMAO
Interviewer: Did it ever occur to you that since you rent & don't ownit...this could happen? Perfect question. That's it in a nutshell. There are leases that limit how much they can go up a year, if yours doesn't have that clause, expect your rent to go up as much as the market can absorb. Renting is not a long term financial plan for your life. Had he bought a condo, he'd be fine.Move to another city.
It's the same for house. In America the bank owns your house NOT you. Even if you paid off your house someone can still take it, be it through peaceful or forceful means. Why are you talking about the " market" like it's something that exists?
Regardless of the clause or not the law exists... Rent can't be risen too much that's why people are being evicted. This is not about if you rent you have no rights. Rich people are buying buildings pretending it to be personal under a false clause, later selling it for huge profits not before evicting the tenants over petty things. I'm glad I don't get attached to places.
That guy's make-believe entitlement fantasy is pretty obvious.
This guy has been renting for 35 years ... so he never saved any money with the intent of buying a house of his own? I see one of two possible cases: (1) this guy actually has loads of cash in his bank account and has been taking advantage of his landlord and wants to continue to do so, or (2) he spends his money paycheck to paycheck and thus he's in the situation that he is in. In either case I don't see why anyone would have sympathy for him. Moreover why does he get the privilege to pay $750 for a whole house while others are paying $3000+ for a 1 bedroom apartment? Having lived at the place for 35 years is *not* a justification. Does he get more rights just because he was born earlier and moved in earlier? #*$# this guy.
If most of the homes to rent are going for $3500 and buying a homes are starting in 1million range you do the math. Why are landlords in San Francisco, Bay area, Silicone Valley so greedy??
sammy50001 he’s your typical spoiled, entitled Baby Boomer. What a leech.
@@mdqharry3790 there's something to be said about foreign investments here
Wait ! Is it unmoral to a house owner to live in his own property ? That just twisted the video for me .
I mean, we all know what happens, they, “ move in,” then put it for rent to whatever the market yields. I’m not against it since im in this game too but there’s gotta balance. Not a hand out, a balance.
i saw this apartment investor grant cordone. he say he likes buying aparments in liberal/gay areas, because the democrats always oppose new construction, so his rentals don't get competition
that old artist wants his cake and eat it too.
ryan cliff I think the grief and fight will get the best of him. Life is short. Should take the money and do something good and set himself up for the latter part of this life.
What good is a cake if one can't eat it?
ryan cliff your sad
Thing is, there's nothing in his work that requires him to be in that location. It's not like he HAS to commute to somewhere nearby. Just self-indulgent bullshit and inability to accept a changing circumstance. Well shit, dude, sometimes stuff happens and you gotta deal with it, sometimes by doing something other than whine and protest.
There are other places to live and work. I know this because people like myself live and work in them. When you make the ADULT CHOICE not to own a home and pay someone else's mortgage with your rent, you forfeit considerable freedom. The US is a mobile society. Refusal to adapt usefully to change is naive. You cannot freeze SF in the past. It will change like it or not.
My parents and me((child)) lived in 1 room in someone's house..my parents paid about $900 for that little room plus $50 to use the bathroom..and we had our own little fridge and microwave inside the room because we couldn't use the kitchen ....until one day my father found out that the entire house mortgage payment was $1,000 and my parents were paying for the owner's mortgage the entire time...so we quickly moved out and got our own apartment...we later moved out of California in 2000 to Arizona where my parents bought their new own 3 bedroom 2 bathroom house and the family has been living in it for years now
Move! Good gawd, this has happened all over the US - for decades. Why does this person think hes entitled to live somewhere at a fixed rate, for years?!
Nicely made video; perspectives from multiply sides. I live in the poorer side of the community in SF and I just got better educated about our housing problem. What can San Francisco do to solve this problem?
Jaren Liang Build! It's a supply problem. Stupid zoning, rent control laws, requirements to build low income housing, ridiculous building requirements, giving neighbors veto privileges, crazy taxes, and an anti business mentality discourage builders from adding new housing. Stop electing stupid totalitarian leftists who control everything yet can't run anything .... wait .... this is SF, that's not going to happen .... better move.
Twenty years from now probably you or your children will be unable to afford living there. Look at Manhattan.