In any city where the majority of people are renters, the projected rise of a 5% increase in rent is anything but good news.

Renters inhabit over 61% of households in California; one of the highest rates in the country. Under the city’s Rent Stabilization Ordinance tenants have some protection. However, this law only applies to housing built prior to 1979 (when the Ordinance came into effect); an ever-shrinking housing stock in this city.

As the increase in rent skyrockets, Landlords are motivated to get rid of longtime tenants paying below-market rent. Landlords cite they have been hit with significant increases in real estate taxes, and rising fuel costs, and deserve compensation.

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