SF Real Estate Blog Reader Asks: What’s The Latest on Chris Daly vs. TIC’s?
Occasionally I get a question from a reader of the blog that’s worthy of sharing with the world – I thought this one was worth sharing. Hope you think so too…
Oh – and if you have questions you’d like answered, email me – I know stuff.
A reader recently wrote in to ask:
Q. Hi Luba. I just read your June 18 blog regarding Daly’s proposed ordinance that would place two-unit TICs in the condo lottery and was wondering if you’ve heard any additional news about this. Thank you.
C.M.
A. I’ve heard mixed answers and am not sure about the truth of any of them.
I recently heard that Daly is trying to put this legislation on the November 2008 ballot – but he needs the votes of three other supervisors to succeed.
But I also read a post from “anon8mizer” on The Front Steps Comments (and lots of Zephyr Realtor emails that confirmed the scoop) that the legislation is not moving forward, period. At least not now.
I’d like to believe the latter, but am prepared to deal with the former until I can get my hands on something more official.
Sphere: Related Content
I think the legislation is moving forward. I will know more tomorrow night when I attend the Coalition of San Francisco Neighborhoods Govenrment & Elections committee to discuss the upcoming ballot issue.
While we struggle with creating affordable housing for everyone the discussions will center on development and retention. If we don’t develop higher density in areas that can sustain it, we will be forced to fight over what exists now.
Reality, ABAG, the state, the Urban Land Institiute and my every day dealings with clients tells me that we need to create housing. Across the board we need more. Rental and ownership we need more.
Everyone do what you can to raise your voice for intelligent, neighborhood specific development.
Jed – I’ll be waitiing patiently until I hear from you. Please do keep me upated! I do agree – we need more housing in San Francisco, period – for both owners and renters. Thanks for the info!
Luba – I am closing on a vacated 2 unit TIC building with a friend of mine TOMORROW!! I just found out about this potential legislation yesterday, just read your blog, and am freaked out!!
I am 26 years old and am putting my entire savings up for this duplex and felt comfortable with the thought of being able to convert to condos within just one year. We found the perfect place: 2 unit, vacant, no evictions since 04 and we were planning on living in each unit for well over a year. We read all kinds of articles on conversion bypass to confirm our situation applied before making the decision to move forward… and now this?
Please let me know any news you hear and if there is anything at all we can do to stop this.
[...] I’m not the only one that thinks Daly is the TIC anti-christ. I’ve had lots of readers write in and ask all sorts of questions about Daly’s latest crusade to make 2 unit TIC’s more difficult to convert to [...]