According to the article, "When the Ellis Act was winding through the state legislature in the late 1980s, no one except the most seasoned tenant activists saw the danger....And while property owners may claim that the act simply allows them to get out of the landlord business, one thing's for sure: the more money they can make, the more owners take advantage of it. Between 1988 and 1995, San Francisco landlords used the law to take 25 buildings off the rental market. Between 1996 and 1999, as property values rose, they emptied 305 buildings -- evicting tenants from more than a thousand units."
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