You run a company. You make your business by evicting low income tenants so that you can sell off the units in the buildings you have purchased for prices between $400,000 and $600,000 each.
What would you call your company?
Well for at least one company that does engage in this practice, they call themselves: SF Affordable Housing LLC.
Not wanting to get the esteemed author angry at me, but does this not count as irony?
What's more disgusting is that one of the members who was interviewed had the audacity to state, "Basically, I cannot afford to keep the tenants who on average paying $300 a month in rent[.]" Let's be clear about something, this individual, and any partners he may have, is not the least bit interested in becoming a landlord. His company, based on the report I have seen, buys properties to sell them as individual units, either condos or TICs.
If you are going to be a bastard and kick people out of their homes, at least be honest about it. You had no interest in being a landlord. You wanted to divide up the property into ever small portions to sell off at inflated prices to line your wallet with more money.
You are, I believe the technical term, a greedy bastard who wants to be liked. If you are going to be a greedy bastard, then be one. Don't try and fool people with statements such as, "If those people need assistance, I’m in a 100 percent agreement that they should be helped, but it shouldn’t be the burden on a landlord." Its insulting because you have no intention of being a landlord.
At least be as honest as the guy who was begging for money down on Kearny and Bush yesterday. He had the decency to hold up a sign saying "Need money for beer."
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