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San Francisco's residential property market has hit troubled waters as a major investor landlord announced the sell-off of a large section of its rental empire this week.
By ANDREW KHOURI LOS ANGELES >> Last year, amid a drum-tight rental market, Sydney Wright pondered leaving California. With her $72,000 salary, the 30-something from La Crescenta said the only one-bedroom apartments she could find were either too pricey, too run-down or in neighborhoods she felt were unsafe. Then Wright had a change of fortune. […]
LOS ANGELES — Last year, amid a drum-tight rental market, Sydney Wright pondered leaving California. With her $72,000 salary, the 30-something from La Crescenta said the only one-bedroom apartments she
Under the arcane tax rule of possessory interest, thousands of California tenants in subsidized housing could face individual tax bills upwards of $1,000 a year.
Under the arcane tax rule of possessory interest, thousands of California tenants in subsidized housing could face individual tax bills upwards of $1,000 a year.