Greed: Sacramento


 

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If your a renter in Sacramento, you more than a bit worried these days.  The rumors are true.  Rents  are on the rise in a big way.  Not in small increments but several hundred dollars a month.   Gia lived in her Pocket area apartment with her daughter for 15 years, re-signing her lease was a simple formality until last October. Her landlord would only agree to a month to month lease.   Her rent increased $150.00 a month and by December it was raised from $1220 a month to $1445.    She is currently in the process of moving to Woodland, her new landlord agreed to a one year lease.

There are many Gia’s in Sacramento, many are worried.   In many cities, with rent control or rent stabilization, landlords are only permitted to raise the rent significantly if there are major capital improvements, otherwise they are limited to a percentage.

Sacramento, isn’t Santa Monica, San Francisco or New York.  There are no laws preventing rent gouging, allowing landlords to increase rents to the moon and beyond.

Gia isn’t out of her old apartment, 15 years is quite a challenge.   She loved her old apartment, it was a 10 minute drive to her job in Elk Grove.   On this day she is bitter and angry. As she cleared her dining room, her landlord moved in new counter tops, new linoleum and a new dishwasher,something she asked for five years ago, she says its more than a slap in the face .

Its clear, there are people who can afford sixteen hundred dollars for a one bedroom apartment.  New apartments are opening in midtown every month with new tenants paying upward of $2300 a month.  Between 2016 and 2017 Sacramento had the highest year over year rent increases than any city in the nation.

These rent increases have displaced many Sacramentians and is contributing to the cities homeless population.  Throughtout the city, owners are increasing rent by 40% and higher, adding no more than a can of paint. Simply because they can. Welcome to the new gold rush. Greed: Sacramento.

 

CityFella

 

 

 

Published by CityFella

Big city fella, Born and Raised in the San Francisco Bay Area. Lived in New York (a part time New Yorker) for three years . I have lived in the Sacramento area since 1993. When I first moved here, I hated it. Initially found the city too conservative for my tastes. A great place to raise children however too few options for adults . The city has grown up, there is much to do here. The city suffers from low self esteem in my opinion, locals have few positive words to say about their hometown. visitors and transplants are amazed at what they find here. From, the grand old homes in Alkali Flats, and the huge trees in midtown, there are many surprises in Sacramento. Theater is alive is this area . And finally ,there is a nightlife... In.downtown midtown, for the young and not so young. My Criticism is with local government. There is a shortage of visionaries in city hall. Sacramento has long relied on the state, feds and real estate for revenue. Like many cities in America,Downtown Sacramento was the hub of activity in the area. as the population moved to the suburbs and retail followed. The city has spent millions to revive downtown. Today less than ten thousand people live downtown. No one at city hall could connect the dots. Population-Retail. Business says Sacramento is challenging and many corporations have chosen to set up operations outside the cities limits. There is vision in the burbs. Sacramento has bones, there are many good pieces here, leaders seem unable or unwilling to put those pieces together into. Rant aside, I love it here. From the trees to the rivers. But its the people here that move me. Sacramento is one of the most integrated cities in America. I find I'm welcome everywhere. The spices work in this city of nearly 500,000 and for the most part these spices blend well together. From Ukrainians to Hispanics and a sizable gay community, all the spices seem to work well here. I frequently travel and occasionally I will venture into a city with huge racial borders, where its unsafe to visit after certain hours. I haven't found it here. I cant imagine living in a community where there is one hue or one spice. I love the big trees, Temple Coffee House, the Alhambra Safeway, Zelda's Pizza, Bicyclist in Midtown, The Mother Lode Saloon, Crest Theater, and the Rivers. I could go on and I might. Sacramento is home.

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