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Tenant relocation assistance

From: domainremoved <Karen>
Date: Wed, 26 Sep 2018 10:01:27 -0700

Hello. Just read about the above proposal in the “Post.” This proposal sounds like an excellent idea from what I learned from the short article. I believe Menlo Park must take steps to ameliorate the housing situation, and this one seems a very reasonable one.

I don’t see why any landlord would need to raise rents more than 9.3%, except to chase the market or finance an overleveraged, speculative position. Landlords are investors, often speculators and corporations, and they need to be prepared for an occasional loss just like others of us who invest our money in other ways.

As for the letters opposing the proposal, I found some of the comments rediculous, even laughable, such as “ will discriminate against new tenants,” “will drive out landlord/investors . . .with already very poor yields on existing properties.” Discriminate against tenants because they don’t get to pay higher rent? Sounds okay to me.

Karen Berman
150 Alma Street #201
Menlo Park 94025

Sent from my iPhone
Received on Wed Sep 26 2018 - 10:00:08 PDT

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