Imagine if you will: The Big One hits and most of the city is demolished — including the entire stock of rent-control units. The tragedy. The horror. The opportunity. Under current law, there's nothing saying that these rent-control units must be replenished. Developers and property owners will be free to cash in and finally make San Francisco a proper Xanadu for the the upper crust. Still, here's a little good news for renters and a positive side to the inevitable earthquake that will eventually wipe out this fair city: if a proposed bill is passed, the government will have the power to order property owners to replace each and every demolished rent-control unit with an equivalent unit somewhere else in The City. Albeit, yeah, probably not in any neighborhood anyone would really want to live in.
· Bill aims to maintain rent-controlled units [Examiner]
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