My friend Emily lives in Mountain View, CA.
In spite of all the stories about high rents and corporate bussing not much has been said about companies such as Prometheus Real Estate Group and its ilk that are responsible for much of the actual destruction of community in the name of progress and greed.
They do it by buying up properties, telling the tenants to move, and then doubling (or more) the rents.
Like other Peninsula landlords, Prometheus sets a baseline criteria for tenants to prove they earn more than three times the monthly rent. With that requirement, a household would have to earn more than $144,000 annually to be eligible to rent a $4,000-per-month unit, Scarboro pointed out.
Emily recently sent a letter to the City Council, which resulted in the story linked to above and a report on NBC Bay Area.
And here’s the letter that started it all (edited for length and clarity).
I have been a resident of Mountain View since 1999. Since I earn fewer than six figures I am a low – middle income professional by this City’s standards (and the word in the street is that the voice of folks like me carries little weight).
I am writing anyway because today I realized that if I am not for myself – who will be for me? Certainly not my current hometown.
I live on a private street with 24 town homes and most of us are low to middle income (by Silicon Valley standards). We are teachers, social workers, healthcare professionals, doctors (residents), beauticians, and more. We have patients, clients, customers and businesses in town. We are in our 30-70’s. Some of us have young children. Some are single Mom’s or just plain single. Several younger residents have disabilities. We are a diverse group by skin color, religion, culture, age and education representing what’s great about this City (or what used to be). Many of us were born here or have lived in Mountain View over 30 years. Some have lived on this street for 12 years or more. Our rents are not cheap. They range from $2500-3500 per month for our 1970’s style 2-3 bedrooms. We all pay our bills. Most of us love coming home and we have become a closely-knit community—which is increasingly rare in this town.
As you must already know, Prometheus Property Management’s latest takeover team has informed the 100+ residents on Forest Glen Street and at “Granada”, a nearby parcel with 14 townhomes (purchased at the same time) that we all need to pack up and “permanently evacuate” due to the new renovations allowing them to collect “considerable rent increases” “Feel free to apply as a new tenant but your rent must be no more than 30 percent of your monthly income or three times the new rental price.”
That’s requires a salary of $12,000 per month or more at their rental prices.
I used to love Mountain View. Not anymore.
What kind of a City sanctions new owners to displace over 100 residents and literally destroy a diverse neighborhood where everyone pulls their weight and contributes to their City in so many ways? You may consider the 3-6 months notice we were given to be a generous offer (they are not starting to renovate until mid summer) but how truly generous is this when it’s a known fact that there is limited decent housing and whatever housing exists has monthly income requirements that non-tech folks cannot meet? (According to the article, even many Googlers don’t earn that. –Miki)
Since the initial shock of forced displacement many of us have spent days looking at comparable sized apartments in Mountain View (and immediate surrounding areas) only to discover that Prometheus is not alone with their outrageous monthly income requirements at 3x the rent. We have found that most property management companies and individual landlords have the same requirements.
Being the great company they are, however, the Prometheus takeover team urged some of us to apply for apartments that are Below Market Rate (BMR). Funny thing is, “there is no BMR housing in Mountain View and the list has been closed since December” according to the office that manages it.
This is the new Mountain View at its best demonstrating how to ineffectively follow its own guidelines. Preserving and enhancing quality of life for Mountain View residents is only for those with very low income or the top 10%.
A BALANCED City would require a new owner to increase rents and renovate for NEW tenants when current tenants move out. People are moving in and out all the time. There is no rent control. No one is going to stick around forever. Some just want their children to finish their HS senior year with the kids they grew up with.
A FAIR City would have policies in place that keep companies like Prometheus from disenfranchising long time residents who at the very least work in this city. Most of us would happily exist with a rent increase even with our old grouty tiles, stained Formica and fake marble counters and sinks just to be able to continue to more easily drive to work, keep our doctors and run our businesses.
Tell me — how can this once great City of Mountain View look the other way and through sanctioning Prometheus’s business practices- force people with disabilities, in their 60’s or with kids in school to abandon their homes and neighborhood suffering, in some cases, irreparable financial loss and emotional distress. This can’t be legal.
[signed] Emily White Mountain View, CA
New York City and surrounding boroughs instituted rent control decades ago and the city is anything but destroyed; municipals governments work closely with housing organizations to make it work.
Of course, in a country where greed is enshrined in our culture, corruption is legalized in the form of lobbyists and the Supreme Court voted to put for sale signs on our elections, Prometheus’ actions are completely legal — and even applauded in certain circles.