pages: CityCouncil/2014-07-15.pdf, 24
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CityCouncil | 2014-07-15 | 24 | When the building was sold and the rents were raised to ""market value" those two units were raised to $1600 while the other two units, one of them mine, were only raised to $1400. This seemed unfair to me, we all had the same rental descriptions when we moved in. My unit went up $350 theirs went up $475 One other (a studio) had to vacate due to pending construction. I cannot find anywhere else to live and will have to stay during a foundation replacement and feel it may be unsafe, but what are you going to do? This island is railroading existing tenants out with huge rent increases and pulling in the highest bidders. The two tenants who just left chose to leave the state and I am considering the same option. In the last 90 days I've only seen two decent units at the $1200 price point, I and many others applied, there just aren't any vacancies at a reasonable price. Who can afford a 30 to 60 percent housing price hike on short notice? Gotta love gentrification, I thought you should have a record of this situation here as part of your case file. Although my rent is reasonable, they are now renting these units for nearly $1,700-1,800. I cannot afford my place (barely), but I cannot move because I will lose this rate. Investigating nearby options, the price appears to have SKYROCKETED. I have a decent deal since I am sort of a "On site manager" but there's no way I could stay in the bay area if I lost this place. That said I still think I pay way too much given the blue collar job situation these days. It's an unfortunate fact that the housing market is predicated on the idea that "The dumbest tool with more money than they can handle responsibly wins.". In a nutshell this means that whenever someone buys a home it's because they out bid a whole lot of much smarter people just because they could get more financing. That's bullshit and it creates homelessness meaning better people than them are living on the street. I think we need to lose the idea that property values and housing prices are one and the same. They aren't. The "real" in "real estate" means that property values remain stable over time. The Native Americans didn't believe in property ownership, therefore real estate was worth $0 to them. There's your "property value" right there. It's long overdue for housing prices to get back to reality. Overpaid yuppies are the problem and I don't allow them in my economy. We saw a 6 percent increase with no improvements to our unit just after the first year. We spent much of the year arguing to repair items that we noted were in need within our move in checklist, and the response that we received was largely that the property owner did not want to invest in the repairs, and that the unit was in high demand and we could leave if we wanted. We don't feel like valued renters, "repairs" are done in a patchwork manner if at all, and yet even still we have to watch as the rent continues to increase. We're worried about future planning as there are no standards, for all we know it could continue to increase by 6% annually, thus pricing us out of Alameda (where we own a small business and is important to us to stay). I think it's an outrageous increase. I have no storage, I pay all the utilities, I have no parking. The landlords do no gardening. It's all about money with no care for the people who actually live there. I've live in Alameda all my life, I'm 42, why should I move because money hungry slum lords think they need more money for a run-down piece of property? I have been living in my apartment for over 28 years. In January, the property was sold and I received a $350.00 rent increase. The new landlord will not repaint, fix or do anything to my apartment. My Rent Survey for City of Alameda - Summary of Survey Results as of July, 15, 2015 6 www.RenewedHopeHousing.or RenewedHopeHousing@gmail.com I Laura Thomas (510)522-8901 | CityCouncil/2014-07-15.pdf |