Some people don’t get the importance of dogs. We all know that there are more dogs in San Francisco than children under 18 years old, right? The only restriction on the number of kids you can have in a condominium is your ability to pay the tab. Not so for dogs.
The Old Versus the New
Recently, I had a client who was very interested in a Pacific Heights condominium. The building was 1925 vintage, and the CC&Rs were archaic, to say the least. The Seller wanted to sell and the Buyer wanted to buy: price was not the issue.
The number of dogs was. From the CC&Rs – “unreasonable quantities shall be deemed to limit the total number of all cats and birds to two (2) per Condominium, and all dogs to one (1), unless exceptions are made by the Association.” So the Association allows a pit bull, a Doberman, a Rottweiler or other “fighting breeds,” but not two (2) dogs whose combined weight is less than 15 pounds (pictured above). The Board refused to make an exception, so the Buyers walked.
More recently constructed buildings allow two (2) pets, including dogs. The CC&Rs generally restrict fighting breeds, snakes, alligators, etc.
Several years ago, I had a listing at 666 Post, a cooperative building that had a NO pet policy; certainly no dogs. I remember potential buyers doing an about face at the threshold when they were told no dogs.
Dogs are like kids to many families, and by having a policy of no dogs or not allowing two small dogs only reduces the property value of all the units in the building. No dogs lessen the potential buyer pool. Fewer buyers means less demand. I learned this in Economics 101. Some folks didn’t take that course.
The Pulse of the Market book (edited Pulses from 2005 to 2015) is available in paperback and Kindle at Amazon.com. It offers insights and perspectives on what has made San Francisco residential real estate tick in the past 10 years. Let me know if you would like a personal autograph