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BUSINESS
October 29, 1991 | DANIEL ASKT
It's strange behavior for a fat cat. Five mornings a week, Jim Smith rises at midnight to work the graveyard shift as a mail handler. When he gets off at 9:30 a.m., he begins his building maintenance chores. Smith had hoped to quit the Postal Service long ago, but he made one big mistake. He plowed his hard-earned money into rental housing in Berkeley, where he and many other working-class landlords were stuck with 1970s rents and no way to recoup investments in their own property.
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NEWS
September 7, 1999 | VERONIQUE de TURENNE, SPECIAL TO THE TIMES
A day in this city's unkind rental market can make winning the lottery look like a sure thing. Dozens of prospective tenants vie for each opening. The vacancy rate hovers at 1%. A two-bedroom apartment in a desirable neighborhood typically rents for more than $2,000 a month--and stays on the market for less than a day. Small wonder then that the latest wrinkle in rent control in San Francisco addresses the seemingly simple matter of renters bringing in roommates to replace those who moved out.
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NEWS
September 7, 1999 | VERONIQUE de TURENNE, SPECIAL TO THE TIMES
A day in this city's unkind rental market can make winning the lottery look like a sure thing. Dozens of prospective tenants vie for each opening. The vacancy rate hovers at 1%. A two-bedroom apartment in a desirable neighborhood typically rents for more than $2,000 a month--and stays on the market for less than a day. Small wonder then that the latest wrinkle in rent control in San Francisco addresses the seemingly simple matter of renters bringing in roommates to replace those who moved out.
NEWS
May 27, 1996 | MARY CURTIUS, TIMES STAFF WRITER
When Leeanne Kallstrom moved back to San Francisco from New York in April, she gave her old landlord a call to see if the studio apartment and garage she had rented in the Marina district in 1992 was available. "It was a charming studio, and I had paid $850 for it back then," said the thirtyish Kallstrom, a saleswoman. "He told me that he was now renting the studio for $1,100, without the garage. I just laughed." Two months of frantic searching later, Kallstrom was no longer laughing.
NEWS
May 27, 1996 | MARY CURTIUS, TIMES STAFF WRITER
When Leeanne Kallstrom moved back to San Francisco from New York in April, she gave her old landlord a call to see if the studio apartment and garage she had rented in the Marina district in 1992 was available. "It was a charming studio, and I had paid $850 for it back then," said the thirtyish Kallstrom, a saleswoman. "He told me that he was now renting the studio for $1,100, without the garage. I just laughed." Two months of frantic searching later, Kallstrom was no longer laughing.
BUSINESS
October 29, 1991 | DANIEL ASKT
It's strange behavior for a fat cat. Five mornings a week, Jim Smith rises at midnight to work the graveyard shift as a mail handler. When he gets off at 9:30 a.m., he begins his building maintenance chores. Smith had hoped to quit the Postal Service long ago, but he made one big mistake. He plowed his hard-earned money into rental housing in Berkeley, where he and many other working-class landlords were stuck with 1970s rents and no way to recoup investments in their own property.
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