Seems like an expensive place to live, for what you get:
Posts Tagged ‘lease’
Irish Flags Fail to Drum Up Interest in the Twitterloin’s Hibernia Bank: “Entire Building For Lease, Entire Building For Lease”Thursday, April 28th, 2016
But at least this building isn’t falling apart on the sidewalk anymore. Leave us travel all the way back to aught-nine:
See where some bricks used to be, way up high?
Here’s where some of them landed on the sidewalk of the west side of Jones Street:
Do you ever want worried-looking police captains and firefighting battalion chiefs hanging out in front of your building in front of yellow tape? No, you do not:
It was bird poo what hurt drainage what then caused damage to the building causing pieces to fall – that was the “pigeon theory” back in 2009.
“…Hibernia Bank at 1 Jones Street, completed in 1892, was exceptionally advanced, not only for San Francisco but for the country at large. It appeared a year before the Chicago Columbian Exposition swept the nation with renewed appreciation for classical grandeur and order. With its crisp and dignified detailing, its scholarly composition and white Sierra granite walls, capped with a then-gilded dome, the bank appeared like a manifesto near the incoherent City Hall and the adjacent jumble of brick and wood commercial structures. Architect and Engineer reflected in 1909 that “the (Hibernia Bank) became famous at once and marked an epoch in San Francisco architecture and placed its designer in the forefront of his profession, where he has remained ever since. The building from the first to last shows no sign whatever of immaturity.”
Twitterloin Update: How Do I “Live NeMa?” – I’m Glad You Asked, New Market Building! – SF’s City Part of TownMonday, October 5th, 2015
Here’s the question, from the new NEw MArket Building on Market in our Twitterloin / Mid-Market /South of Market / Tenderloin Adjacent area, you know, The City Part of Town:
And here’s the answer – like this, via The Lofts at SoDoSoPa:
And here’s your catchphrase:
NeMa: 24 months old and still no rent control.**
* NEW YORK TIMES: The prospective changes to the Tenderloin — a noirish haunt of Dashiell Hammett’s Sam Spade and arguably the central city’s last working-class neighborhood — have given rise to a new nickname: the Twitterloin.
* FORTUNE: Welcome to the Twitterloin, where tech-savvy cool meets gritty hood
**After 10 months of living in the NeMa, you just might ask yourself why you’re getting hit with a rent increase what’s 25 times more than most of your coworkers are facing, just saying…
But What’s The Rent? – A 65 Square-Foot Studio Trailer Gets Parked on Market, to “Activate” the “Street Scene”Friday, July 10th, 2015
Sam Whiting explains here in the San Francisco Chronicle:
Mmmm, no comments? Perhaps this attempt at a paywall is working too well.
But all right, here’s the SFGate version – surely the rabble will chirp up with comments like, “Well, what’s the rent?” Or maybe, “Smallest Studio in the Twitterloin, 0 bdrms, o bths, reclaimed wood?”
Nope. Just one comment. This is the least amount of NEMA-mocking I’ve ever seen, when the topic of the NEMA is raised:
“So, if Studio One were to break down, would it be NEMA-towed?”
Get it? Nematode – cause like “worms,” right? (Oh, I don’t get it, oh well.)
Hey, speaking of NeMA, there’s still no rent control there, so giant rent hikes are coming your way. It will happen like this:
“We looked at what we’re charging for new rents and what the rent trends are in the market. We came up with the following renewal offer by lease terms…”
And then BAM! You get hit with a 24% (or whatever) rent increase (on top of an already high rent) after just one year. Speaking of which, here’s what one Yelper recently had to say about the NEMA. So many details!
I’ll tell you, lots of SF newcomers move into buildings without knowing that rent control won’t apply to them. And they don’t know the first thing about rental deposit refunds until they hit for charges that they don’t have to pay and that they shouldn’t pay. IMO.
And I’ll tell you, I don’t work for SFGov, so it’s not my job to “activate” the “New Market” “Streetscape” with umpty-up art displays. IMO. SFGov should focus on the basics.
IDK, if the NoPA part of the Western Addition is so hot hot hot lately, you’d think that this space at 803 Divisadero near Fulton would have gotten a lease deal going by now.
The sign what’s still in the window:
Before, it was Film Yard Video (parting shot: “NETFLIX IS EVIL!”), then it was a illegal condo/supposed tarot reading place (you know, yet another one of those joints), and now it’s a black hole sucking energy from the “DivCo” “Streetscape” just south of North of NoPA.
(Oh what’s that, you’re not interested ‘cuz you want to run a full-on restaurant? Well, 1751 Fulton is just around the corner (sort of ) and it’s still available after years and years of slumber. But instead of $6k per month, it would run you $18k…)
Advice for San Francisco Newcomers: What’s “Rent Control?” It’s Something You Might Want – Not Now, But Next YearFriday, January 2nd, 2015
Or not. It’s hard to say how much rent control would benefit you next year once your lease is up.
But these days, there’s a ton of SF newcomers who are just figuring out the big benefit of RC.
“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.
Of course, it always pays to check.
Here’s a test – can you tell which places are rent controlled?
You see, it’s hard.
ATTENTION RESIDENTS OF THE NEW “NEMA” BUILDING: A Massive Rent Increase is Coming Your Way – ‘Cause No Rent ControlTuesday, November 4th, 2014
But don’t take my word for it, listen to one of your neighbors at 8 Tenth Street, 94103, via the Yelp:
“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.
OTOH, if you moved into the NeMA at $1950 per month last year (as some did, 2nd or 3rd floor, lousy view* – Unit 324, for example**) and your lease is coming up, consider that there are no units available now for less than $2800 (I’m srsly – some studios go for $4000+)
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.
Find me a recent photo what shows five or more tower cranes in Frisco – I challenge you.
Click to expand
INTRODUCTORY NOTES: “I’d like to open my remarks with a humorous anecdote. The official bird of San Francisco isn’t the California Quail! It’s actually the crane. [Pause for gasps and puzzled looks.] The _construction_ crane! “[ Pause to wait for the applause to die down, to enjoy the smiles of onlooking Walter Wong and Rose Pak, to bask in glory of being appointed by that guy who got appointed by that guy who got appointed by Willie Brown, to exult in being an obedient figurehead girl who does exactly what Downtown tells her to do.
Presenting “adverCar” – A Way to Make $100 a Month with Your Ride – Plus,Leasing an Electric Car for $139/MoWednesday, January 1st, 2014
First up is adverCar – all the stickers north of the bumpers earn the owner of the Smart Car $100 a month or so.
Do I object to the sticker covering part of the back window?
Yes. Yes I do.Moving on…
Click to expand
Second up is the chance to pay $2000 to get started on a lease for an electric Smart Car, sort of. You pay $80 a month to lease the battery and also $59 to lease everything else – the car itself without the battery. Why do they do it this way? IDK.
Anyway, all this is news to me…