Dave
Lv 5
Dave preguntado en Business & FinanceRenting & Real Estate · hace 1 mes

Why don't San Francisco landlords lower the rent to $750.00 per month, so Working Class people can afford to live there?

26 respuestas

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  • hace 4 semanas

    dave because the propertys they buy cost LOTS of money and probably have mortgages on them and property taxes to pay and many other costs.

  • Anónimo
    hace 1 mes

    Landlords have expenses too.

  • F
    Lv 6
    hace 1 mes

    I know it’s disgusting. You would think a charity like the SF Landlords would let you live there rent free!

  • hace 1 mes

    They don't care who lives there. Rent is set at what the market will bear. If half the people moved out of Kalifornia, demand would drop, home values would drop, and rent would drop. When demand is high, costs are high to buy a building. I would venture to guess an apartment building is in the 10's of millions.

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  • hace 1 mes

    If the can't seem to rent what they are trying to rent and they have a mortgage to pay, then they likely would lower the rent, in order to rent the place.

  • ron h
    Lv 7
    hace 1 mes

    If a house costs $500,000 to buy the payment on the loan is about $4000 per month.  4000>750

  • hace 1 mes

    Because the mortgage and other costs and $2000 per month and if they did that they'd go bankrupt - duh.

  • Anónimo
    hace 1 mes

    I guess that you don't know how property taxes work.

  • Anónimo
    hace 1 mes

    Not the landlords fault the cost of living in CA is so high. Blame the ******* politicians...

  • hace 1 mes

    Supply and demand.

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