Asked that question for my own benefit i shift my attention from other people and my desire for them to change their behavior where i wield no power, to recognizing how i have contributed to the situation and how i might change my behavior to affect a change and influence others to do likewise. A question which i have not heard being asked in this hearing or in any other situation is why are an estimated 70,000 rental units being withheld from the market . Nobodys been surveyed, i havent been asked, i have been withholding two or three rental units at a time. I deem it important to investigate and determine seemingly to me rental Property Owners at a time when market values are high are withholding rental units from the market for a particular reason or reasons which its appropriate be determined in your continuing investigation. I thank you. Thank you, sir. Next speaker. Hello, my name is sarah brant, i want to thank you supervisors for holding this and fighting for our citys soul or
Loan has been transferred and sold more than once since then for a profit. To this point i didnt know the real loan owner. Thank you, maam, if you can close and finalize your thoughts. I am just saying that housing speculators who buy these houses for cash and driving the Common People out for cash money should be charged more, foreclothesing houses and selling these houses more expensive. Thank you very much. Thank you very much. Next speaker. Good afternoon, supervisors, my name is julian lagos, i am with the coalition state park merced. There are evictions going on on the east side as many of you know. We have been fighting development in park merced since 2005 and we will continue to fight it. I just want to let you know we had over 200 section 8 evictions last year that your analyst didnt cover. 200 section 8 evictions. The Development Agreement that the City Attorney hammered out with our land lord will call for 1500 evictions in the next few years. We believe its a piece of pape
Its important to understand it wasnt super clear to me, however, the factor includes a reduction from the current represent down to what is considered the initial rent based on the allowable increases and from that the factor includes the market rate increases from the pointed up to the present. So it assumes that the allowable rent increases have been taken by the landlord if i interrupt thats not what i right hand lane mr. Egon. Right but i asked him and he confirmed it. Well get clarity. That makes it, you know, a complete picture of what happens with the market and also i think landlord do impose especially the speculators increase the ellis act on a 50 day notice if more than 10 percent. I think the and i think the owners will determine based on their calculations as to what makes the minimum payment and whether they impose the increases or not will be what the maximum or minimal is under the ellis act as amended thank you very much thank you. Is there any additional Public Commen
The testimonies here but at the same time its like feeling the strength of these people and also want to ask you for more support and also thank you for your support and that no giving up on us in the city. One thing is clear for us in our building, we dont want money, we dont want compensation, we want our homes. No money can buy, my childrens were born in the house and weve been living and investing in our buildings and we dont want to leave. I am one of the persons who spoke said what are we going to do with our children. We also teachers, what are we going to do without teachers who can afford here to live . Who can live without all the people who work with the youth in Different Levels . So i want to put this thought in your minds and be thankful for this hearing and just keep helping us. We are not giving up. Thank you. Thank you, sir. Next speaker. Hello, my name is jennifer jamesison, i am a Third Generation San Franciscoan, i run a dog rescue and i am on commissioner on the we
Mic please, thank you very much. I am mary lou sampson, fighting for my home against foreclosure. They gave me an undisclosed adjustable mortgage, the payment and rate went up so much at the same time, our speculator bought my home who is evicting me when i could not afford the payment when it went up from 1,854 to 3,394. I kept being denied my loan notification which made me feel hopeless. I made 20 percent on a 700,000 house. Being evicted by these real estate investors, speculators, the richer get richer and the poor gets poorer and people should be protected from being displaced in San Francisco. Okay, due to unexpected expensive repair costs and legal costs i am now forced to live in an unfinished house. I was given the impression i would be living in a fixed loan of 1,654 through the life of the loan but later found the loan would be increasing until it came up to 3,954. I paid the 3,954 but i cannot keep paying it. In august 2010 they sent two guys in my house to destroy or chan