Why don't San Francisco landlords lower the rent to $750.00 per month, so Working Class people can afford to live there?

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  • 1 month ago

    dave because the propertys they buy cost LOTS of money and probably have mortgages on them and property taxes to pay and many other costs.

  • Anonymous
    1 month ago

    Landlords have expenses too.

  • F
    Lv 6
    1 month ago

    I know it’s disgusting. You would think a charity like the SF Landlords would let you live there rent free!

  • 1 month ago

    They don't care who lives there. Rent is set at what the market will bear. If half the people moved out of Kalifornia, demand would drop, home values would drop, and rent would drop. When demand is high, costs are high to buy a building. I would venture to guess an apartment building is in the 10's of millions.

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  • 1 month ago

    If the can't seem to rent what they are trying to rent and they have a mortgage to pay, then they likely would lower the rent, in order to rent the place.

  • ron h
    Lv 7
    1 month ago

    If a house costs $500,000 to buy the payment on the loan is about $4000 per month.  4000>750

  • 1 month ago

    Because the mortgage and other costs and $2000 per month and if they did that they'd go bankrupt - duh.

  • Anonymous
    1 month ago

    I guess that you don't know how property taxes work.

  • Anonymous
    1 month ago

    Not the landlords fault the cost of living in CA is so high. Blame the ******* politicians...

  • 1 month ago

    Supply and demand.

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