“Coppa” with two “p’s “ is a delicious dried pork salume of Italy and Corsica. “COPA” is a new SF law that requires owners of buildings with three or more residential units to give a right of first offer and a right of first refusal to a designated set of non-profits before they can sell their building to a third party. If a seller fails to comply with the statutory requirements, they may well feel that they’ve been through the COPA meat-grinder. Penalties can include disgorgement of profits and a fine equal to 10% of the sale price they received. ...
For starters, the most recent US Census Bureau estimate (2014) concludes that about 57% of San Francisco’s population are renters. That’s reason enough, especially when housing affordability is perhaps the major social and economic challenge that San Francisco faces over the long-term.
Rent and Condo Conversion Control. With strength in numbers comes political power: San Francisco’s Rent Control ordinance applies to the vast majority of San Francisco’s housing stock, regulating everything from the rental increases that landlord’s can charge to existing tenants to how much interest owners have to pay renters on their security deposits. Other ordinances have severely restricted the ability of owners to “remove” units from the rental market by converting them to condominiums. Regardless of whether you think these controls are a good or bad idea, they have created an incredibly complicated legal landscape. Whether you’re a tenant or an aspiring landlord, it pays to know your rights. Here’s my favorite cheat sheet, courtesy of the Law Firm of Bornstein & Bornstein. ...
Heat Map of San Francisco Median Home Price Changes Percentage Changes since 2006-2008 Peak of Market Range from 25% Below to 25% Above Previous Peak Values August 2013 Market Report This heat map compares 2013 2nd quarter or 1st half … Continue reading →
The San Francisco Bay Area Apartment Building Market The Paragon Commercial Brokerage – Reis Reports 2nd Quarter 2013 Market Update “Welcome to what is arguably one of the worst cities in America to be a renter, but among the best … Continue reading →
July 2013 San Francisco Market Report If you prefer, you can skip the following analysis to go straight to the charts and maps following. Many adjectives are used to describe San Francisco, but normal isn’t a common one – and … Continue reading →
The Economist has a good article (about the US real estate market not being in a bubble) and created a terrific interactive graph that allows you, by metro area (you have to click on San Francisco to add it to … Continue reading →
Over the last 13 months, for a variety of compelling economic reasons, home-buyer demand in San Francisco has continued to grow ever stronger, while the inventory of homes available to purchase has only become tighter. This is the classic supply … Continue reading →