Granted my retail leasing experience was in the financial crisis, but I would be ready to have TI money available, as many tenants will not have the financial wherewithal or capital resources to do the buildout themselves, or at minimum will expect a vanilla box (drywall, bathroom, RTU) to step into to do their own finish and signage.

We also have a credit crisis in our nation.Maybe all these people aren’t paying on credit but I’ve a hard time believing they ain’t. 

If passed, it would be a step towards resolving the housing crisis in the state.

But will the affordability crisis I wouldn't be surprised if it happened faster than we think.  

As a result, while the world has experienced a huge real estate boom since the Global Financial Crisis, real estate prices in Italy have been declining over the last 15 years and there's no end to that in sight.

If the Fed cuts rates due to a banking crisis, it would be reasonable to expect the real estate market to remain as it is, rather than to be stimulated.

Much like we saw with dotcom bust and the financial crisis the cities will get less expensive then they will build back up over some time period (SF typically recovers from recessions faster than the national average) because there is already a critical mass of education, business, capital, and people there to go with the social aspects of what a city has to offer.

Thomas:First of all, I would say the 1% rule is a rule-of-thumb from immediately-post the Great Financial Crisis.  

So by allowing us to take one unit out of residential rental inventory, we were able to save housing for 16 households who would otherwise most likely find themselves in a dire situation at this time of rising rents and current housing crisis.

Unfortunately, there will be quite a few people who lost their job during the crisis and the opportunity to move into a place already ready at an affordable rent will be very lucrative for all involved.