San Francisco family incensed after sudden 90% rent hike
New York Post • • business
Key Points:
- A young family in San Francisco’s Richmond District received a notice of a nearly 90% rent increase, raising their monthly rent from $3,695 to $7,000 starting September 2026, threatening their ability to stay in their home.
- The Waldmans, who moved into their two-bedroom condo in 2021 and have a 19-month-old son, describe their home as safe and comfortable, but the new rent is unaffordable for them.
- The rent hike follows a recent change in ownership, with the new landlords claiming the property is exempt from San Francisco and state tenant protections, allowing for the steep increase.
- Advocates highlight this case as an example of loopholes in rent control laws that enable landlords to raise rents dramatically and displace long-term tenants to reset units to market rates.
- The Waldmans now face the difficult choice of leaving the city due to unaffordable housing costs, reflecting the broader housing crisis impacting many San Francisco renters.