San Francisco tenants get $475,000 buyout to leave luxury unit

San Francisco tenants get $475,000 buyout to leave luxury unit

2 years ago
Anonymous $drS9DEX_Sj

https://www.siliconvalley.com/2021/08/01/san-francisco-tenants-get-6-figure-buyout-to-leave-luxe-unit/

By JANIE HAR | The Associated Press

SAN FRANCISCO — A wealthy San Francisco couple notched a record nearly half-million-dollar buyout to vacate their luxury apartment of three decades, an indication of what some landlords are willing to pay for tenants to give up their longtime home in a city with strict rent control and soaring market rents.