A lot of people that are not fans of any sort of rent stabilization will point to the first dot com crash and say “hey rents fell during that time, we’re just making up for the times when we had to reduce or keep our rents flat.”
But of course Alameda hasn’t tracked any data on historic rents so it’s all sort of anecdotal based on home sale prices etc. So I did a quick Google search to see if I could uncover any sites that tracked rental housing prices over the years and lucky me I found this one: Vital Signs.
And it gave me more than I could hope for in the form of nifty graphs and data:
It’s better to go to the website to look at it so you can zoom in on the data points. Apparently during the time when there should be been a dip because of the dot com bust there was no data collected for Alameda, however if you use Alameda County as a guide you can see that while there were small dips there was not a huge fall in rental housing rates.