Protesters alarmed at the impact of tech workers moving into San Francisco on home prices and rents blocked shuttle buses taking workers to Google and Facebook and stopped at the San Francisco Association of Realtors’ headquarters on their way to a rally at City Hall, with one woman shouting, “This is ground zero for the battle of renters in San Francisco,” through a bullhorn.

A press release issued by organizers alleged that:

“(R)eal estate speculators and investors are capitalizing on the tech class that big tech corporations are inputting into the city. The city gives the tech industry major incentives to move in, be they tax breaks or practically free use of public bus stops and other infrastructure. Real estate speculators take advantage of this, abusing state laws such as the Ellis Act to displace longtime residents, disproportionately those who are elderly, disabled, and/or in other ways marginalized. This industry too has long had its hands in the pockets of politicians. The collusion between tech, real estate, and city/state politics is responsible for the unprecedented levels of displacement.”

The Ellis Act gives landlords who want to convert rental units into condos or redevelop them for other uses the right to evict tenants. San Francisco requires that tenants who are displaced be compensated.

Protest organizers said Ellis Act evictions are up 170 percent over the last 12 months, “no-fault” evictions are up 83 percent over the last three years, and rents are up 20 percent along tech bus routes. Evictions have “skyrocketed” in the South of Market (SOMA) neighborhood since Twitter established its headquarters there, protestors said. Source:

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription