Monday, August 01, 2005

TIC protests hit open houses in SF

Ted Gullicksen (of the San Francisco Tenant's Union) helped to organize a protest during yesterday's Sunday open houses, and was focused on properties where tenants had been evicted via the Ellis Act. The online daily news site Beyond Chron has an article this morning about the protests. Apparently they set up protests at 11 properties all across San Francisco.

As my posting from yesterday references, individual TIC loans may only serve to create more evictions as property owners find ways to vacate their buildings and put them on the market. On the other hand, we will have more homeowners, so it becomes a question of where to draw the line...

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