A Big Win for Rental Property Owners

Three Disastrous Bills Defeated, One Amended - Written by EBRHA - Posted Jun 11, 2018

Last week, the most harmful rental housing industry bills EBRHA lobbied against were voted down or substantially amended. This victory came just weeks after EBRHA’s Legislative Day lobbying team and other CalRHA affiliates fought these bills head-on in Sacramento. The defeated or amended bills include: AB 2925 (Bonta) – Defeated: Would have established statewide “just cause” eviction mandates and would have resulted in a surge in court cases as any reason stated in a 30 or 60-day termination notice could have been...

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CalRHA Affiliate Wins Court Battle Regarding Ellis Act Relocation Payments

The lawsuit challenged an ordinance that dramatically increased relocation payments that San Francisco rental owners must give to tenants. - Written by CalRHA - Posted Apr 11, 2017

March 22, 2017 – San Francisco – The Small Property Owners of San Francisco (SPOSFI) and a group of local property owners prevailed in the Court of Appeal against the City and County of San Francisco. The lawsuit challenged a recent ordinance that dramatically increased relocation payments that San Francisco rental property owners must give to tenants whose rental units are withdrawn under the state’s Ellis Act. (The Ellis Act is a California state law that guarantees property owners’ right to “go out of the rental business”.) The Court of...

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East Bay Times editorial: Rent control exacerbates housing shortage

East Bay Times says no on rent control in Richmond and Alameda, no on Oakland Measure JJ. - Written by East Bay Times - Posted Nov 3, 2016

The following is an editorial from the East Bay Times. Rent control has great political appeal. It conjures up notions of reduced housing costs and greater access. But it’s not very effective at protecting poor or vulnerable tenants. And, as most economists agree, it discourages new construction, the very thing we need most to solve our housing crisis and control rents. Moreover, it does not distinguish between tenants who need relief and those who don’t. High-income tenants benefit along with the poor. Consequently, wealthier tenants are...

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Commentary: Rent control no solution for Oakland’s problems

Oakland’s rent control measures on the November ballot will only exacerbate Oakland housing problems. - Written by Nathan Durham-Hammer - Posted Oct 28, 2016

Oakland City Attorney Barbara J. Parker is right about one thing — Oakland’s rent control laws must be changed. (“Rent control laws must be changed to help Oaklanders,” opinion, Oct. 11). Unfortunately for Oakland, her personal opinions and theories about how and why are wrong: Asking rents in vacant or non-rent controlled apartments have been rapidly accelerating, but rents have not accelerated in rent-controlled apartments, which creates socially inequitable discrepancies between residents’ housing costs. The idea that our neighbors and...

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Cities Ignore Data, Economists and Continue to Push for Tighter Rent Controls

Renter Groups Use Misleading Data on “Average” Rents to Push Radical Agenda - Written by EBRHA - Posted Oct 26, 2016

Despite overwhelming evidence from leading economic experts that rent control hurts low-income and minority residents and recent market indications that rents in the region have leveled off and begun to decline, cities across the East Bay are moving forward with even more draconian restrictions targeting small rental property owners. In Alameda, Oakland and Richmond, voters are being asked to impose strict renter-backed limits that threaten the livelihoods of small mom-and-pop property owners. In addition, Oakland City Council has imposed its...

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Oakland Multifamily Market Report

Development Fills; Equity Inflows Enter in Torrents - Written by Marcus & Millichap - Posted Oct 4, 2016

Economy gathers steam, driving occupancy and rents up. The East Bay multifamily market is teeming with renters as the high cost of homeownership and continued economic expansion intensify demand for metro apartments. Corporate relocation as well as organic business growth are creating job opportunities in well-paid employment sectors, drawing highly skilled workers to the metro. Additionally, Oakland offers the most affordable rents in the Bay Area, attracting value-seeking renters. As a result, demographic metrics signal continued success...

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