Doug Sovern’s KCBS Cover Story Series: Through the Roof airs on KCBS 740AM/106.9FM through Friday at 6:30am, 8:30am, 12:30pm and 4:30pm.
SAN FRANCISCO (KCBS) – What used to be low-cost rental properties in gritty parts of San Francisco are being converted into high-end office space and luxury apartments, to cash in on the influx of technology companies and their well-paid workers.
That is pushing many low-income renters to the fringes of San Francisco and beyond, and transforming traditionally working class neighborhoods.
San Francisco has the highest median rent in the nation and the lowest rental vacancy rates, now below 3 percent. So when Norman Zelaya and his family were forced to move by a fire, their rent doubled, and he had no choice but to take a second job.
Zelaya was determined to remain in the Mission District, where he’s spent his entire life.
“I don’t think it’s unreasonable to think that I can grow up and live in the city where I was born and raised,” he said.Comments