The Troubles and Politics of the Rich

Aug 8, 2017

Some rich residents in an exclusive San Francisco neighborhood lost their private street and sidewalks that they had owned since 1905. The City of San Francisco had sent a $14 tax bill for three decades to the wrong address. The city’s bill was never paid. Finally the city auctioned the property to recover the $994 in unpaid taxes, penalties, and interest. The property sold at auction for $90,000. The new owners are now looking to cash in. There are 120 parking spaces on the street that could be rented out. The residents have asked the Board of Supervisors to rescind the sale. This will be explored at a meeting in October. In addition to suing the city, the homeowners association is seeking an injunction against the couple who bought the street to prevent them from selling to anyone.
http://www.sfchronicle.com/bayarea/matier-ross/art...