Page Mill Properties has recently sent a 30 day notice increasing rent to approximately 1400 apartment units in East Palo Alto to drive them out.
These people are mostly poorer families, that live 3-6 people to a one bedroom apartment. Many are single parents, have more than one job, and can barely afford to get by as it is. Rents were raised by 9-49%.
The city's rent control laws state that rent may only be raised 3.2% per year. Although the city does issue maximum rent certificates which shows the maximum rent for each unit, Page Mill Properties has ignored that and based off the maximum increas level. And then threatened to sue the city if they were to interfere with their plan.
This isn't just 1400 units, it's about 4500+ PEOPLE.
CEO David Taran spoke at city council meeting attemping miserably to show all the good that his company has done. In an already over priced Bay Area, East Palo Alto is one of the last low cost places to live.
David Taran and his team of stuffy lawyers explaining all the good and justification that they were doing.
Hiring security, to protect their investments.
Installing energy saving appliances, so that the landlord could have a slightly lower utility bill.
Improving aesthetics to increase investor confidence.
Then in the meeting, he further insulted our intelligence by insulting the crime rate and that he's trying to help. People don't want crime, but they put up with it for low cost housing.
Page Mill Properties thinks it's OK to send out these rent increases at christmas. It costs nearly 3 months worth of rent to move to a new location, and these people don't have that kind of money.
When you think it's ok to make thousands of people miserable who don't have money so that you can make millions on top of whatever you already have, you are a supreme waste of a human being.
When you work extremely hard, sometimes 2 jobs, and it's still not enough to get by to support yourself or your family, the last thing you need is this guy justifying himself.
Merry Christmas Page Mill Properties!
E Palo Alto, California