The Displacement Bomb Set to Explode San Francisco... and You’ve Never Even Heard of It

[truedelphi]

3. Gosh sometimes there are so many news stories that sound like something

Out of The Onion.

So a place that has virtually no rentals to spare, with rents going through the roof, is going to target 31,000 parcels, raze them all, and bring in "affordable" housing?

And what many people fail to realize is that usually thee affordable housing buildings have owners, who for ten to fifteen years agree to keep the rental prices low, but then the building can be turned back over to the owners to do as they will. All this is a great deal for the "non-profit" owners - they get governmental funding to build the place, an assurance of many renters for x amount of years and then when the properties have even appreciated more, the "non-profit" owners get the buildings back.