Over the last four years, rents have skyrocketed by an average of over 30% nationwide and are a major factor in the overall inflation rate. There are a variety of factors behind the increases, including an overall housing shortage. But the Department of Justice is investigating another potential cause: a massive criminal conspiracy among large landlords.
The overall number of people experiencing homelessness in San Francisco increased 7% to more than 8,300 people since the last count in 2022, according to data released Thursday. (Probably a huge undercount.)
An estimated 40,458 homes and condos are sitting vacant in San Francisco, and that number could potentially go down if the city were to introduce a vacancy tax that would fine homeowners who leave their properties empty, a new report released Monday by the city’s budget and legislative analyst said.
Happy to be proven wrong on this lol.