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This sucks for all parties involved. For the tenant, it's impossible to find decent, affordable housing in the Bay. It would also suck to have to live in a place with a TRUMP sign stuck to it (yes, even Trump Tower).
While this new landlord sounds like a royal a$$, we have to remember a couple of things:
1. He does own the property
2. There is no right to affordable housing
3. When it's convenient for an entity (public or private), the entity will shut down an "illegal" or non-registered unit
4. Rent control is fantastic in theory, but it really does distort the market in a coveted location city
5. The current housing frenzy is part of a larger cycle that cannot be changed by one or two good-meaning rules
6. We all pay for rent control, and we, as a society, have to decide how and how much we are willing to pay
7. Real estate companies are like any other company - they're there to make money
8. The new arrivals to Oakland have generally been making it a much nicer, safer and more livable city (despite higher housing costs). I've only been here for 10 years and have seen enormous positive changes. We still have a long way to go, though.
Finally, I personally hate hearing statements about how, "I should be able to live here because I grew up here" or other arguments in that vein. Nobody has a right to live in any particular city nor should anyone be excluded from a particular city because of some accident of birth.
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