This is the kind of thing that drive me nuts about the Newsom administration.
A few days ago, SF Appeal ran an item on a speech Newsom gave about condo conversions. The mayor wants to let more people turn rental units and tenancy-in-common units into condominiums; that, Newsom argues, will bring more revenue into the city treasury (those conversion permits are expensive).
But there’s a reason why the city limits to 200 the number of units that can be converted in any one year. Turning a rental unit into a condo reduces the number of rentals available, and turning a rent-controlled unit into a condo (or into a TIC and then a condo) cuts into the affordable housing stock.
And a majority of the supervisors, who recognize the impact the mayor’s plan would have on tenants (by making it easier to take rental units off the market), are dubious.
Okay, that’s a difference of opinion. You don’t have to make it personal. And yet, at his press conference, the mayor insisted that
“Half of the members of the board have been beneficiaries of condo conversions, and yet they deny it to other people."
As the Appeal pointed out, that’s simply untrue.
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