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A young family inSan Francisco‘s Richmond District is facing heartbreak and potential displacement after receiving a shocking notice of a nearly 90% rent increase.
Thisastronomical rent bumpmeans their monthly payment will go from $3,695 to a whopping $7,000 starting in September 2026.
“I could cry right now. I’ve been doing a lot of crying,” Ashley Waldman toldNBC Bay Areaof the rent increase. “This is our home, so it’s been really difficult.”
Ashley Waldman and her husband Zachary, both aged in their early 30s, moved into their two-bedroom, two-bath, top-floor condo in 2021during the COVID-19 pandemicand started a family there. Their 19-month-old son Henry has grown up in that condo and attends nearby subsidized daycare.
The family described the home as a safe, comfortable place they hoped to stay in long-term.
When they first moved in, the original rent on the home was $3,500, where it stayed until 2025 before being bumped up to a still-digestible monthly amount.
Last Friday, the tenants found a notice taped to their door informing them of the massive increase following the building’s recent change in ownership at the end of May. The new owners claim the single-family property is exempt from certain San Francisco and state tenant protections, allowing for the steep hike.
“They’re kicking us out,” Zach Waldman toldthe San Francisco Standard. “Paying this is not an option. We can’t afford that. Not even close.”
The Waldmans’ situation is emblematic of the brutal economic reality many San Francisco renters face in a city with chronic housing shortages and sky-high market rents.
Source: California Post – Breaking California News, Photos & Videos
