for many different reasons, increases in condos will drive up the rental market. that being said i think that the moratorium is the best compromise that this has come to and i support it as amended right now with no further down the line compromises. i want to talk about the idea of crisis and the home owner's crisis and with respect to the many tic owners who are in foreclosure right now. the fact is that san francisco has been in foreclosure crisis for the last since the economy crash, last year was a bad year which impacted all of our rentals and there has been ways to look at organizing and supporting the community around that and i think that it is hard for me to see this group as being exceptional in wanting protection with all due respect. and i just want to talk on the mission resident and right now, the average price of a 1, bedroom is like 2,000 or something, and somewhere in that ballpark and i looked at craig's list and the rentals have gone up since the last time i have done the shares. if we are going to talk about crisis in san francisco and what af

condos are cheaper.they are saying prices are up 34% in the market, it is comparing the old condo to today's condo. the availability have changed. dagen: katrina, during the downturn, did you see people trying to take advantage of that ? >> you have to include the maintenance fees and the taxes. a lot of people were not paying their mortgages. that is when the assessment comment. we are seeing a lot of condominiums coming into the area. >> first of all, a lot of people had to liquidate everything they had. there is this ambivalence should i go back into a home or should i just start small? they still, there is this anxiety. it is a little easier for them to get into. it is a learning curve. that is a part of this thing that we are seeing. >> the good news, they do not stay there for long. the turnovers are a enormously thick. at least it is over soon. dagen: i will concur with that. >> be nice. connell: it is hard. >> i think the developers are adding a lot of amenities. it is making it easier for people

and gathering today, we are about to vote on rules that will make condo conversion tic to condo practically impossible ex-saser baits a situation. this situation, this city was created in i situation with all of the eviction controls where the land lords of yesteryear have become it of today. please hold up the legislation and open your minds to what you are doing to young families who want to become home owners. it is one of the foundations of our society. home owners make it livable and on improvement communities and have a stake in the neighborhood. i have been to dozens of park and clean up and tree planting since we moved in 1974 and i have never, ever seen a tenant take part in one of these. we need home ownership thank you. >> thank you. >> next speaker >> my name is tony, and i represent seniors and we serve senior and people with disabilities rent control, rent control. i don't know how else to say it. you know, we can't afford to canibalize >> we can't afford to lose further rent control and housing in san francisco. and the stocks have been diminished enough and can't be replaced

let's say someone buys a 7 and a half million dollars condo i assume that owner is responsible. >> it's a fairly board range to structure the deal to retain or pass along liabilities. >> would it be typical for a developer for years to retain the liability if those units were sold off? >> i don't know if it would be typical i'm not a real estate. >> there anyone from the port to help us understand. assume there's an earthquake and all those units are privately owned who get to pass for the 20 million gallons a day >> it's not typical for the developer to retain the liability forever and assuming that, you know, we're looking at how to structure it to provide the maximum protection and in case there's a earthquake it could be contributed to the design or other things and we're still working on that internally. but you're right it's not typical for a developer to retain liability forever >> i appreciate the fact you're familiar with the fact that the california teachers association is the partner in this. >> i've been told that. >> so they've invested $44 million into this and i'm wonderi

i expect we will see another effort to create a condo fee. i can understand in certain conditions, it can be effective, but how can we put that port so that it is affected and rent housing from flipping over into condos? not everyone in an apartment would be able to move into a condo. i thing we need more folks at the table to decide, under what conditions will this be workable? there are a lot of people who would like to convert to condos in the lottery system and have been waiting for years to go through it. i have heard their frustration, but we do not have the formula yet to fix it, but we can get there as a city. we have the right combination of people in the city, relationships with the mayor, board of supervisors, to come up with a solution. we need to build more affordable housing. funding is an issue with our current recession. it is hard to find funding for affordable housing. i have a lot of people in my district who are in desperate need of it. people in my district live in substandard housing, families doubled up. that is the onl

owners. >> i've heard that but i don't know. >> so the individual condo owners might be on the backs of them but there's a huge risk and it falls back on the shoulders of the city we'll have to pay for it. >> i assume that the risk b will fall on the city. >> why don't you continue with your presentation. >> i'll go back. so we have the identification one of the things we're going to do some assessments precondition assessments and be able to use those to compare the pipes and the 10 by 10 sewer during construction and if there's anything we can judge, you know, to be taken place we'll ask the developer to fix those. as i settle in this area you can cause differential settling. we we'll tell you have a remedy in place. as we talked about there will be an emergency repair plan and we talked about this if there's a break in this pipe and there's sewage to causes problems to the public health we have a state agency that oversees our permit or any municipal storm system requirement. and finally the contractor would have to have a work plan to protect that >> so this those are preconstruc

if i was a big corporation, maybe i would want to do a condo instead? >> with the corporations, they generally buying single family homes in the suburbs to rent out. >> all right. >> and are they looking for smaller places? >> there is not much building going on. we're dealing with the exact housing stock we had five or 10 years ago and that is the same proportion. nothing changeed and not like anyone went and bull dozed the monster homes and built the smaller homes. >> okay. >> and wh builders were building, they would that learned but they're still building larger homes where there is more land to do it. >> city or burbs, one word? >> city. >> and old or new construction? i guess it depends on if they're not building, the older construction. >> right. >> okay. we're out of time, carol sayed, thank you for being here. you can read her in "the san francisco chronicle." and in ss gate.com and on twitter at c.sayek. thank you. >>> more ahead. don't go away. ♪ male narrator: there's something positive being generated in california. when ordinary energy is

this leads to evictions followed by tic converted to condos. >> next speaker? >> hi my name is mer vin and i leave in the building in the district eight with my 75-year-old disabled mom. and recently they speculate a call (inaudible) bought my property and (inaudible) they said that i received a letter from the attorney, stating that they intent on converting my building. and (inaudible) issue a notice of violation so far nothing has been fixed. (inaudible) no intentions to fix anything and every intention to put more money into their pockets. when i read the (inaudible) and the lady who leaves just a few blocks from me, (inaudible) and provide public accountability for buildings. and looking to the business practices. (inaudible). >> thank you, next speaker. >> (inaudible) [ speaking in a foreign language ] >> good afternoon i represent the asian association, our members are elderly tenants living in parts of san francisco. we have 30 members present today because this is an important issue for us. we are concerned about this legislation because it could jeopa

i own two condos in the building. and i appreciate your actions here and how you are unemotional about your decisions and make good decisions. i think, you know, looking at this whole situation, the biggest thing here is that we, a residents, want our quality and enjoyment of our condos. and that's what the issue is. we don't oppose an office space down there. in fact, that's kind of nice that it's quiet, although i would prefer to have something that we could use, like the rental of restaurants or dry cleaner or something like that. but i think the time restriction at 10(k) at night is really a good target for us. ~ 10 o'clock at night i was sitting on the porch and that's a single use building. 10 o'clock they came out and said, you have to leave, we have restrictions, 10 o'clock the port chester close. and that was a single use building. ~ i think that we would like to have that same restriction on the space at 725 and 727. this is enterprise rent a car. they close at 6:00. this is a dry cleaners, they close at 7:0

>> we absolutely are seeing the condo market on the rise.y, that is a bigger area of shortage, is our downtown area condos because in the last five years, there have not been any multifamily housing permits pulled for new condominium projects that is definitely where we're seeing a shortage and prices are continuing to go up faster in our condo market. a lot of people that were in those big homes, and were just overwhelmed when the market tanked are now wanting an easier lifestyle. so they like condos because they don't have the big water bills and big electricity bills. tracy: right. >> they're also enjoying a simpler lifestyle. easier to get away. tracy: we talked earlier with the ceo coldwell banker, the luxury buyer is back. the luxury seller back. you have people selling these luxury homes. where are they going? are they leaving the phoenix-scottsdale area? >> not necessarily. they have really been kind of sitting on the sidelines for about five years, paralyzed like everybody else and they were waiting to see whether it was time to sel

and subject to specified requirements adding a new subject to allow for the suspense of the annual condo conversion lottery until 2024 and resume said lottery under specified circumstances tied to permanently affordable rental house production and restricting future condominium lotteris to buildings of no more than four units with occupied units three years prior to the lottery. >> supervisor farrell. >> first of all i want to thank both sides of the table on this debate, both from the tenant advocates, as well as the owners and their advocates. we have been undergoing some pretty intense negotiations over the last few weeks and continued through last week. think we're getting a lot closer and cautiously optimistic that we'll have at least some measure of compromise on a number of issues key to this legislation. unfortunately we didn't have amends ready for today, neither side did and i will just emphasize again we're working truly in good faith together and i appreciate the dialogue going on both inside our negotiating sessions, as well as outside and all should be commended for that. w

need to know what it will emancipation proclamation tail above and below the ground we have luxury condos on the east waterfront in almost 60 years that go up to 1 hundred and 38 floors above the ground. we were talking about the entitlements of the developer that received were typically - this will entail the taking down of the building. and this is requires about 20 thousand 1 thousand dump truck trips over the seven months. now, what do sewer and eight washington have to do with each other. they have in common is the north effort main. the site is proposed to set over the cities largest sewer pipe. this is a pipe that my understanding is the 10 by 10 foot pipe and those pictures you saw earlier colleagues at westportal we're talking about a pipe this big (indicating). and we're talking about a pipe that was 19 inches big now imagine between me and i guess that supervisor is 10 feet away from me imagine that pipe full of human wastes full of you know what. and this is a pipe that serves major parts of our city north beach our hills knob and services chinatown and in the maureen and i wa

. >>> condo owners in danger of losing their utilities. people at the complex say they are living in deplorable conditions. the water has already been turned off. washington gas may turn off service. the companies say utility bills haven't been paid for months. an advocacy group working with residents say condo fees paid to a previous management company were lost. prince george's county says it can't help because the condo is private. >>> right now howard county police are asking for your help to find the men who robbed a gym. three men broke the padlocks on the lockers at the supreme sports club in columbia last week. they stole credit cards and cash. they went on a shopping spree. y >>> a d.c. man could spend 100 years in jail for a brutal beating on capitol hill. tommy branch was convicted. branch is accused of beating maslin to death with a baseball bat. maslin had six surgeries since the attack. he's run of three arrested in the attack. he'll be sentenced july 2nd. >>> 13 before the hour. today we'll find out what the district is doin

thousands of tic owners who were in financial dire straits and needed us to have access to convert to condos so that they can refinance and not at this time when the market is so hot, that we are seeing a rise in evictions and displacement. and people said, well, what are we going to do? these things are mutually exclusive. we heard even a tic owner who is working closely on this legislation saying that there is a lot of skepticism about getting where we could achieve both goals. i will not say that it is magic, because i witnessed the brilliant minds and commitment aamong so many that worked on this, including chiu and yee to craft something that low and behold, allows tic owners to convert, sooner than the current system would allow, and also preserve our stock and also, has an enforcable lifetime lease provision so that the current tenant woulds not be evicted. >> and i am surprised as to why everyone is not jumping on board because it is the great compromise that everybody is looking for. thank you. >> thank you, next speaker. >> good afternoon, ted, san francisco tenant union we have be

people at the condo complex say they are living in deplorable conditions. been turned off. washington gas may turn off service. the company says utility bills haven't been paid for months and advocacy group working with residents says condo fees paid to a previous management company were lost. prince george's county says it can't really help because the condo is private. the county says if the building becomes unsafe it will consider taking action. >>> today we'll find out what the district is doing to make sure its buildings are safe. mayor vincent gray will talk about the city's efforts to make sure buildings are up to code declaring may building safety month and prince george's county will name one of its educators teacher of the year. 39 nominees will be honored for their work at an event tonight. the ceremony kicks off at 6:00 at martin's crosswinds in green belt. the winner will compete for maryland teacher of the year award. >>> this morning montgomery county parents are demanding action after students failed their math finals. of high school student

the median price for a condo, $850,000. and they are getting scooped up within weeks of getting on the market. >> lots of people, especially the tech industry down in the silicon valley wants to come up here to the city. >> homes are getting sold thousands of dollars over asking. >> it can be between 7 and 20% over. >> i heard anywhere up to $200,000 over asking. >> definitely for some properties, absolutely. >> that's not a guarantee you will get it. >> low interest rates are driving the buyers, but there are not enough homes for sale. >> we are competing with buyers who are all cash, sometimes investors, but i still tell my buyers who are getting the normal loan. 20% down, go for it. >> as crazy as it seems, it's not where it was at its peek, back in 2006. that is still good news for the economy. kpix5. ainlnew housing report. the dow shot up by as much as 218 points. gave half that back. still, closed at another record high. >> real trouble in toon town this afternoon. explosion led toe vascularruations to problems. caus

she put money down to buy these condos and would also receive a certain percentage from parties thateeting rooms, but the trump folks are saying there was a condition in a clause in that contract which said they could change that if they wanted to. and that's what they did. and she's saying, no, that's not the case? >> well, the whole thing about this contract clause is the biggest red hair iing in this case. this is a fraud case. there's no contract claim in the case. if you come to me and say i want to buy a red car because red is your favorite color and i say, sure, i'll sell you a red car, but there's a clause saying i can't give you a red car, i have to give you blue. they say look at the contract clause. they normally would win that case. if at the time you sign the contract, they had no red paint and they knew they were never going to give you a red car, that's fraud. >> so you're saying there was no contract clause? there were no conditions at all? >> no, that's not what i'm saying. there was a contract clause, but what i'm saying if you know when you sign the contract, the f

we know that some of those condos at actually collapsed. officials are still looking for the official firefighter and still trying to see whether or not all the residents got out ok. >> here is what you need to know before you go. >> memorial day weekend is almost here. maryland and delaware beaches are getting ready. ocean city's mayor says they expect to see more visitors this year. delaware beach resorts also hope to see more this summer. >> dozens of students from around the country are here in bc to put their geographic knowledge to the test. the national geographic he gets underway today. the final round be wednesday at the national theatre. >> the final four contestants on "the having with the stars" will try to show the wonder they are more worthy for the mirror ball trophy. the winner will be announced tomorrow. >> for more information on any of the stories and a lot more, visit wjla.com. >> cynne simpson is out there in l.a. getting ready for the big finale. >> the express forecast -- what can we expect for the rest of today? clou

this is one of several condo buildings located less than 500 feet from the outdoor stadium where the proposed concerns are to occur and i appreciate this opportunity to address the appeals board because we don't know what to do if you don't undertake this appeal in some way. i'm expressing to you the concern of many of the 600 residents in this closely located neighborhood who believe that it is highly inappropriate to allow outdoor concerts with associated loud noise and traffic congestion to occur so close to a significant residential area. this occurrence degrades our environment. reduces our property values, and is a disservice to law abiding and tax paying citizens of our wonderful city. if the appeals board member is the place to consider this, they would be most unhappy if they lived in our neighborhood. however, if the political pressure is so great that the appeals board cannot act, then they should know that our neighborhood is concerned that the stadium will become a permanent venue for future concerts and events. somehow we ask that this permit, if it is allowed, to make

the median price for a condo, $850,000, and they're getting scooped up within weeks of getting on the market. >> lots of people essentially the tech industry down in silicon valley come up here to the city. >> homes are getting sold thousands of dollars over asking. >> should be anywhere between 7 and 20% over. >> i've heard anywhere up to 100, 200,000 dollars over asking. >> for some properties, abs. >> that's not a guarantee you'll get it. >> not a guarantee. >> improving economy and low interest rates are driving the buyers, but there are not enough homes for sale. >> we're competing with buyers who are all cash, sometimes investors, but i still tell my buyers who are getting the, quote, normal loan, 20% down, go for it. >> and as crazy as the housing market seems, experts say it's not even where it was at its peak back in 2006. that's still good news for the economy. in san francisco, linda yee, kpix 5. >>> here's more proof. the dow was up as much as 218 points today. it gave about half that back but still close at another record high. >>> it was do or die tonight, and we're sorr

i live across the street from the condo that the previous gentleman mentioned. there were no messages, announcements ever made by the homeowners association about a steering committee. the steering committee represents a minority of people and does not represent the full community. and no official announcements have ever come through the homeowners association about the steering committee. s as an affected resident, i would like to commend the police department, commend the mta for their efforts in trying to make a difficult situation palatable to the residents. but the devil is in the details and those details are yet to be worked out. we had a neighborhood meeting just a week ago and peter albert is head of the people's plan still didn't understand the nature of the traffic congestion that occurs at the intersection of lombard and battery in the embarcadaro. to this late date, we have a map that was provided by one of the homeowners and he was explained what the complex traffic situation was. so, the problem is these are all good people that we appreciate thei

. >> i would imagine that many of the homes are condos that are developed there and would be second homes for the people who are leaving abroad. and that is the wrong type of housing as you know. and with the limited opportunities in san francisco it is important that we stop and try to figure out, that we are not building the housing and we just heard from the report that two-thirds of the growth will be seniors and seniors, and it will be in the able to afford these new condos and i think that we need to now look at perhaps, a lower rate, you know, affordable housing where seniors could leave and also, in regards to nursing care that type of thing has to be addressed, hospitals. and our those are things that i know that it is not part of the trend of your committee but as city leaders, you have to have four sight as to what is going to happen in the next 30 years and i think that we have to fix what we have, or fix where we or what is broken now and we know what is broken now, and and to ignore it, i think that it is a major problem. okay? >> is that my time? >> that was your time. >> t

the median price for a condo, $850,000. and they are getting scooped up within weeks of getting on the market. >> lots of people especially the tech industry down in silicon valley want to come up here to the city. >> reporter: homes are getting sold thousands of dollars over asking. >> it could be anywhere between 7 and 20% over. >> reporter: so i have heard somewhere anywhere up to $100,000, $200,000 over asking? >> definitely for some properties absolutely. >> reporter: and that's not a guarantee you'll get it? >> no. >> reporter: an improving economy and low interest rates are driving buyers but there are not enough homes for sale. >> we're competing with buyers who are all cash, sometimes investors but i still tell my buyers who are getting the, quote, normal loan, 20% down, go for it. >> reporter: and as crazy as the housing market seems, experts say it's not even where it was at its peak back in 2006. but that's still good news for the economy. in san francisco, linda yee, kpix 5. >> and here's some more good news. t

and you know, the fact is that whether you own a tic or a condo or a single family home or a tenant we are all san franciscoans and as i said in the past hearings, many of the tic are long term renters who manage to scrape together a down payment to purchase a home. whether that was a wise move or not a wise move, that is what we have. and i appreciate the sentiment to help these tic owners and that is a sentiment that i share. and of course, we have our fundamental problem in san francisco, that we don't have enough housing, for the people who want to live here and it drives up the prices and it has been interesting to hear some of people who are maybe against this legislation, also saying that they don't want to see any housing built unless it is affordable. even though that would be great, that we could spend our good chunk of our budget on building affordable housing. and we would not be building nearly enough. we also you know, see a lot of resistance to any different ways of looking at the kinds of different kinds of housing, in terms of sizes, and we see the resistance to legali

and this involves the water mark which is a condo development directly across the street from the arena which has had a rather checkered history, a lot of bank foreclosures, et cetera. the headline on this is warrior -- warriors fever at the water mark. and it talks about a unit that was marketed on the basis of in front of you. his arena and it sold at a price that's up 25% in the last five years. so, i think the question of destroying property values is probably moot. thank you. >>> good afternoon, my name is pat valentino. i also live in the neighborhood at 229 brannan, about a block and a half property poe proposed site. i'm very much in support of the warriors and the arena coming to our neighborhood. ~ we live in the second most dense city in the united states, and the most dense city west of the hudson river. our neighborhood, the south beach soma rincon area is a mixed use neighborhood. we often hear from some of our fellow neighbors how it's a quiet residential neighborhood. it is not, and i don't think its was ever meant to be. we've got office buildings, residential, retail,