Blogging Bayport Alameda

May 3, 2019

Cumulative cloud

Filed under: Alameda — Lauren Do @ 6:03 am

I started the slow process of creating a spreadsheet to track the available information regarding past rent increases.  Of course this data is only as valid as the individuals or the operations being asked to share the data with the RRAC.   The exercise was rather disheartening after seeing the number of annual rent increases so I haven’t added all of 2019’s information quite yet.

These are all cases scheduled to come before the RRAC but  may or may not have been adjudicated by the RRAC.

Even if these were nominal rent increases, I don’t know how anyone is able to afford an annual rent increase.

Here’s a snap shot of just the cases that were to come before the RRAC in January and February of 2018:

Screen Shot 2019-05-02 at 4.30.24 PM

The majority of these folks had rent increases for three out of the four previous years and for some, it’s not clear if the landlord was expected to list more than three rent increases on their paperwork.

Again, hopefully our City Council will start examining multi-year rent increases.  That would make a lot more sense than people who claim success because a snapshot in time shows that most rent increases are staying around the 5% mark without any context as to what happened to those same tenants the year before or the year before that.

6 Comments »

  1. Thank you for compiling the rent price information for multiple years. Absolutely required to discuss whether or not the RRAC has been helpful in stabilizing our community when housing is tight and getting tighter for lower income individuals and families.

    Comment by William Smith — May 3, 2019 @ 10:37 am

  2. We’ll has it or has it not?

    Comment by Jack — May 3, 2019 @ 5:40 pm

  3. The city council has got to put a moratorium on rent increases. Like multi-year moratorium. This might be the only thing to stop the bleeding. It will be interesting to see the full data set, although a set of data from non-racc tenants is just as important to have because alot of tenants are getting 4.9% increases.

    Comment by michonnekatana — May 4, 2019 @ 1:03 am

  4. The near ubiquity of 5% increases is a solid indication that demand is sufficiently strong that free market rents would be increasing even faster. The law is living up to its (misguided) intended purpose

    Comment by dave — May 4, 2019 @ 9:38 am

    • It is noteworthy that there were no increases in 2014. You are watching in real time how rent control raises rent. It is basically government orchestrated price fixing. With everyone else taking a 5% increase a property owner does not fear losing tenants if he increase his rents. Furthermore if he does not increase his rents they become frozen at a low level. Most property managers are in a fiduciary position, either managing for clients, family members, or maintains value for the mortgage holder. If he lets the rents get behind then he is in breach of fiduciary duty.

      Comment by Ed Hirshberg — May 4, 2019 @ 5:52 pm

      • 6 of the 15 tenants listed moved into their apartments in 2014 or after so maybe not so noteworthy that thete weren’t rent increases in 2014.

        Comment by michonnekatana — May 6, 2019 @ 10:38 pm


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