Jackie Safier, the multi-millionaire CEO of Prometheus Real Estate Group, has one thing in mind: to make more millions no matter the consequences. Charging top-dollar rents, Safier is contributing to California’s housing-affordability crisis — not fixing it. Like other corporate landlords, she puts profits over people.
Prometheus is the largest private owner of apartments in the Bay Area. In addition to apartment buildings in the Pacific Northwest, the company’s holdings include 55 properties and 13,000 residential units. Prometheus’ studios and one-bedroom apartments range from a whopping $2,000 to $3,700 per month. One tenant described Safier and her company as “a bunch of inconsiderate, money hungry people.”
How has Safier spent her millions by rent-gouging?
While California faces a severe housing-affordability crisis, Prometheus has contributed $2,185,0500* to oppose Proposition 10. The ballot measure allows communities to check greedy landlords and limit excessive rents. But Safier wants to maintain the status quo: seniors sleeping in their cars, teachers unable to afford housing in the communities that they serve, families facing homelessness.
Unsurprisingly, Prometheus shelled out major campaign cash to stop a 2016 rent control measure in Mountain View, California, where rents were skyrocketing and landlords were grabbing for even bigger profits.
“Hard working families are losing their homes,” pro-rent control supporters stated. “Valued teachers, nurses, and tech employees are leaving Mountain View as rents become unaffordable.”
Safier didn’t care about any of that.
During the 2016 presidential election, the multi-millionaire contributed $233,800 to the Republican National Committee and $100,000 to Republican committees in key battleground states. Safier’s riches helped Donald Trump win the White House.
Safier and other corporate landlords will do anything to make more money, disregarding the hard-working people that they hurt. Corporate greed, in fact, has helped cause California’s housing-affordability and homeless crises — the worst in the nation.
But we have a solution: Proposition 10.
Prop 10 is supported by trusted organizations, labor unions, and social justice organizations such as the League of Women Voters, the California Teachers Association, the California Democratic Party, the ACLU, the Southern Christian Leadership Conference of Southern California, and many others. They are not standing with corporate landlords like Safier.
Prop 10 allows communities to put reasonable limits on excessive rents — and to check corporate landlord greed. It returns power to us, and guarantees that landlords will make a fair rate of return. Vote Yes on 10.
(*Prometheus has contributed additional monies to oppose Prop 10 since this article and video were first published.)