Myth of the Poor Landlord
In December, BTU wrote about a suggestion by the Housing Advisory Commission, spearheaded by new Councilperson Lori Droste, to lay the foundation to tax tenants on their rent control (“means testing”). The other City Council folks wisely either voted no or abstained on the item, so it is dead for the moment.
But here we have a study about this very issue by SF’s Anti-Eviction Mapping Project – it is fighting conjecture with fact – and we hope the Council and Housing Commission will review!
If you go to the Source data map, you can see data for Berkeley too!
“There are probably landlords in San Francisco who make less money than their tenants. But they are very much the exception and not the rule. That’s the conclusion of a new study by the Anti-Eviction Mapping Project, which compares the median income of renters and property owners by census tract in San Francisco.
Let’s take a few examples. In Census Tract 176.01, South of Market, people who owned property had a median income of $111,330 in 2013. Renters had a median income of $17,396. Let’s move to the Mission, where there are increasingly wealthy renters. Median income for tenants? About $80,000. For landlords? About $154,000.”
Owner vs. Renter, by Class – Map Includes Berkeley Data