“Unfortunately most residents can’t afford to stay longer that 1 year. We’ve been living at Argenta for 10 months and have been very happy with the apartment. But we began to suspect that things weren’t quite right with management shortly after moving in. People we met in the elevator, lobby and our floor were all saying the same thing — rent had been raised to ridiculous heights and they were moving out. Over the last 10 months we have watched many of the tenants on our floor leave because of the rent increase.”
So that’s what you get with your brand-new building – a huge rent increase after your first year.
Generally speaking, older buildings have rent control and newer buildings do not. One exception is federal land, like Treasure Island and The Presidio. In those places, you can live in an older building but still get with huge rent increases.
“Please read this if you are considering any non-rent control building in San Francisco. I wish someone had told me this when I moved to the city and chose Nema. Please consider this advice.
If you have visited Nema, you probably can tell that the management, amenities and staff are outstanding. You may also notice that everyone living in the building has just moved from another city or state. Here’s why:
UNDER NO CIRCUMSTANCES should you rent in a non-rent control building, unless you can sign a multi-year lease. Could you afford a double digit rent increase? 50% rent increase? Is your income doubling next year? It seems far away now, but you will probably want to renew your lease. Now is the time to make a good decision about housing, not next year because you will be paying much more then.”
So basically, buildings built AFTER rent control came to San Francisco in 1979 don’t have no rent control. (The relevant date is printed on your landlord’s Occupancy Permit, but if your crib went up in 1980 or later, don’t even bother checking.)
That means that your friends renting units in older buildings will face a maximum annual rent increase limited to 60% of a certain Cost of Living Index dealing with the Bay Area. That means one-something percent per year.
Are you, the NeMA renter, looking at a 40% rent increase soon?
If not this year, what about the next year too? How long will it take to have a 40% increase for your unit, you know, cumulatively?
Sooner than you think Auslander.
Sooner than you think, Outlander.
Why don’t websites aimed at tourists and newcomers tell you this? Well, because they’re on the take from … The NEMA!
I assign this story to the San Francisco Chronicle – this one writes itself. (This would be a good CW Nevius, I’m seriously.)
*Compared with the rest of the units in the Nema.
**This was not a BMR (Below Market Rate) unit reserved for those people making less than $38,000 per year, no no. Those places went for around $950 per month. I’m talking about market rate units back when market rate was $1950 per month for the least desirable apartments at NeMA – that was all the way back in 2013.
(So, as I said yesterday, get your tickets at SHN now – they’re not getting any cheaper and this musical leaves us on August 26th, 2012.)
Now here’s Emily L’s review from the Orchestra Section’s Row U:
“Extraordinary musical! Les Miz is a beautiful story of a man’s life struggles, portraying bourgeois issues such as poverty, child abuse, prostitution and other political corruption in 1800 France. I was instantly enthralled from the very first scene of the show. This cast is amazing and captivating in every way. The voices went with each characters’ every movement and the visual sets were stunning. The orchestra seating was a special treat as the sound resonated throughout, spot on with the actors. In 2 hours, Les Miz will bring out smiles, pains, laughs, cries, ‘aww’s, and cheers – it’s a roller coaster ride definitely worth riding at least once!”
So there you have it.
Les Miz reminds me of that other famous, long-running show, Phantom of the Opera, in a way. But guess who saysLes Miz is “far superior?” It’s Steven Winn of the San Francisco Chronicle:
“Cameron Mackintosh presents a brand new 25th anniversary production of Boublil & Schönberg’s legendary musical, LES MISÉRABLES, with glorious new staging and dazzlingly reimagined scenery inspired by the paintings of Victor Hugo. This new production has been acclaimed by critics, fans and new audiences and is breaking box office records wherever it goes.
Based on Victor Hugo’s classic novel, LES MISÉRABLES is an epic and uplifting story about the survival of the human spirit. The magnificent score of LES MISÉRABLES includes the classic songs “I Dreamed a Dream,” “On My Own,” “Stars,” “Bring Him Home,” “Do You Hear the People Sing?,” “One Day More,” “Empty Chairs at Empty Tables,” “Master Of The House” and many more.
“SAN JOSE, Calif., Sept. 15, 2011 — NBC Bay Area today announced the launch of a new weekday newscast, “NBC Bay Area News at 11AM,” debuting Monday, September 19. Broadcast veteran Jon Kelley, host of Today in the Bay, will anchor the new newscast with NBC Bay Area’s Marla Tellez. The program will air following NBC’s Today Show.
Jon Kelley has spent more than 15 years in television journalism, covering news, sports and entertainment in a variety of roles. He’s won multiple awards for sports reporting, and played football for the University of Nebraska before beginning his broadcast journalism career.
Marla Tellez is a native San Franciscan who has covered news in Northern California for several years. She graduated Magna Cum Laude from Sonoma State University with a degree in Political Science and a minor in Communications, and has won multiple Emmys for producing and reporting.
“This expansion of NBC Bay Area news allows us to serve our Bay Area viewers with more of the high-quality international, national and local coverage they’ve come to expect from us,” said Jonathan Mitchell, NBC Bay Area’s Vice President of News. “We’re excited that viewers will be able to join Jon and Marla in mid-day for an update on the day’s most important stories.” About NBC Owned Television Stations NBC Owned Television Stations is the division of NBCUniversal that includes 10 local television stations and their digital channels and websites, as well as a group of out-of-home properties and a production company. The 10 stations produce and deliver compelling and unique local news, information and entertainment programming to viewers in the communities they serve, which include New York, Los Angeles, Chicago, Philadelphia, San Francisco Bay Area, Dallas-Fort Worth, Washington, D.C., Miami, San Diego and Connecticut, with a goal of connecting to their audiences anytime and anywhere.”