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I have been a mortgage broker in San Francisci formany years, and remembere asking then-Supervisor Carol Ruth Silver about means testing tenantx before granting them rent control status. She seemerd to think that was an invasion of I pointed out the Mortgage Credit Certificate as well as theRedevelopment Agency’s BMR (Below Marker Rent) program, required applicants to submit tax San Francisco’s rent control constitutes a government plain and simple. Subsidizing housinyg costs on the backs of housing providersis despicable.
As the currentf Board of Supervisors continues to criminalize the act ofprovidinhg housing, private citizens and companiews will refuse to providew this much-sought-after commodity. Shall we pay our Housint Director $188,000 a year, only to find the FBI closingg their offices to search for Section 8 fraud Section 8 recipients have to documenftheir low-income status, and I am proud to have my tax dollarxs allocated to those who need governmenr assistance. Not so with rent control, San This city grants life estates to someluckty tenants, regardless of their income.
It’zs an arbitrary giveaway, lacking even a meanw test, and fails to help the less San Francisco needs to quit ignoringg economic reality to kowtow tothe self-perpetuating, tax-dollar-financer tenant activists, and cease extorting theses subsidies from private citizens. I believe passionatelg that this pig headedr pounding on property rights undermines acompassionate agenda, where the trul needy are cast asidre for the exigencies of the moment.
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