Image
Tod Spieker, President of Spieker Companies, Inc. and multi-millionaire landlord

Richard “Tod” Spieker was an All-America swimmer at UCLA, but today, he’s swimming in money he acquired through rent gouging tenants as a corporate landlord in Palo Alto. Spieker has leveraged the wealth against Prop 21, a ballot measure to keep families in their homes and is one of the leading donors in Big Real Estate’s multi-million-dollar campaign to kill Proposition 21.

Tod Spieker owns and operates 2,900 multifamily units, mostly throughout the Santa Clara and San Mateo counties (Silicon Valley). As a multi-millionaire corporate landlord, his response to the state’s ongoing housing affordability and homelessness crises, which have worsened due to the financial devastation caused by the COVID-19 pandemic, is to fight all efforts to get rent control passed.

Tod’s history of fighting efforts to extend tenant protections and stifle rent control goes back years. Here are just a few:

Judging from his track record, Tod Spieker doesn’t care about seniors on fixed incomes and working-class families struggling to make ends meet because of astronomical rents. He just wants to keep making millions — no matter who gets hurt.

PAID FOR BY HOMEOWNERS AND TENANTS UNITED, SPONSORED BY AIDS HEALTHCARE FOUNDATION. COMMITTEE MAJOR FUNDING BY AIDS HEALTHCARE FOUNDATION.