Residents of one of the city’s most exclusive neighborhoods got a surprise taste of its infamous housing woes after their private road was sold at auction

For most San Franciscans accustomed to being at the whims of speculators in a soaring real estate market, the arrival of a new landlord is a near-certain harbinger of bad news.

But the residents of Presidio Terrace are not most San Franciscans, and it’s highly unlikely that they’ll be crafting desperate Facebook messages seeking an affordable room to rent in Oakland (dog friendly pleeeeease), making plans to move to Los Angeles or living in a box.

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