[lalala12399]

I can't tell you how many people I know making very good money in tech and finance living in rent-controlled units paying ridiculously low rents in SF.

[long]

What's an example ridiculously low rent?

[refurb]

$900 per month for a one bedroom unit, with parking, in the Mission.

[dawhizkid]

1000-1500 in a good area

[mountaineer22]

I appreciate you telling us that you can't tell us (as much as everyone will appreciate this equally insightful comment).

[tymekpavel]

lalala12399 is using an idiom in the American English language.

[tamana]

How? They must be illegal since those aren't longtime residents.

[Decade]

By being in the business before this tech boom. Finance has been a major part of the San Francisco economy since the Gold Rush of 1849 (one of the 4 US Mints is here, one of the 12 Federal Reserve banks is here, and a bunch of other banks have important offices), and techies have been getting rich and moving here since at least when HP was founded, in 1939.

[rconti]

Why, and does it matter? I have no idea how rent control works. Clearly it's a silly, broken idea, because, I, too, know people of people who have moved into rent-controlled units and benefited from it. Whether it's legal or not, well, who cares. It happens, and it points out why rent control is stupid.