Proposed Alameda rent law has many onerous loopholes

A letter to the editor regarding Alameda's proposed rent laws - Written by Harold Mackenzie, EBRHA Member - Posted Jul 29, 2016

A recent letter describing a landlords’ loophole in the Alameda Rent Control Ordinance is somewhat misleading. The letter writer complains about a fixed-term lease being a loophole allowing a landlord to evict a tenant at the end of the lease without having to pay relocation fees. I do believe a lease is a contract and as such generally has many components but contains start and end dates. When you rent a vacation home, there are start and end dates. When you rent an apartment to someone, you are not applying for adoption, which is what...

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SF Markets Stabilizing as Demand is Down and Supply is Up

San Francisco is expected to add about 5,100 new units for rent in 2016, the most in 26 years - Written by Bloomberg News - Posted Jul 29, 2016

The apartment market in New York and San Francisco is slowing down, with Equity Residential, the largest publicly traded U.S. multifamily owner, cutting its revenue forecast for the third time this year. Equity Residential expects revenue growth from properties open at least a year to be 3.5% to 4% in 2016, according to the company’s second-quarter earnings statement Tuesday. The Chicago-based real estate investment trust in late April lowered the upper limit to 5%, then reduced it again in June to 4.5%. “After five consecutive...

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Commentary: Oakland landlords not villains in housing crisis

An op-ed in the East Bay Times by EBRHA's Executive Director - Written by Jill Broadhurst - Posted Jul 20, 2016

Oakland City Council and Mayor Libby Schaaf insist they’re listening to all sides in the current debate over the city’s housing shortage. But that’s not true. They may be hearing multiple opinions, but they’re only listening to one: the tenant activists, who blame all housing issues on greedy, uncaring rental property owners. The loudest tenant-rights activists paint rental property owners with a single brush — rich white men in corporate offices raking in millions off the backs of renters. And the only options...

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