Tuesday, March 3, 2020

Giving Credit, Where Credit is Due - More on the CPI

Having recently attended a presentation to landlords and tenants at the Richmond Rent Board on AB 1482, the new state "anti-gouging" law, there was some discussion about the allowable rent increase under Richmond Rent Control and under AB 1482. One of the presenters said, "Richmond uses the full CPI" which got me thinking that there should be a table of all municipal areas and the relevant CPI calculation in the Bay Area.

But, someone preceded me with this idea, a landlord attorney named Daniel Bornstein. See link to his summary of Bay Area rent control.

The CPI calculation in Oakland is a little more complex than "Regional CPI" but I get it. However, this begs the question why Oakland and Richmond's CPI percentage is less forgiving than San Francisco or Berkeley when Oakland and Richmond are more economically depressed than their sister cities. . .


P.S. I received a private comment that the summary referred to above excludes the City of Alameda and Union City.

No comments:

Post a Comment