SFGate writes about buyouts and the $50,000 offer the Reyes family has to leave their apartment in the Mission District. No one knows how many families are quietly taking buyouts and leaving.
“It seems like a lot of money, it does, but when you think about it, when you think about your future, it doesn’t go as far as you think it does,” said Jacqueline Reyes, 19, who has lived in the studio with her parents all of her life.
The rent-controlled space costs the family $549 a month – a nearly impossible price to match in today’s scorching real estate market. READ MORE.