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@njudah @sanae

Say I'm a commercial landlord and I own a 10 unit building in SF. Each unit rents for $10K a month. Each unit is occupied. I make $100K a month.

SF has a Gross Rent Multiplier of ~14. So my building is worth: ($100K * 12 months * 14). $16.8 million.

I raise rent on all tenants to $15K. Everyone pays the new rent, except for one beloved neighbourhood restaurant, that moves to a new location. That unit is now empty. I now make $135K a month. Building value is now $22.7 million.🤡