Photos by Cece Reinhardt; Airstream photo by Y Studio Photography.
Cece Reinhardt and Brenda Daugherty were living the California dream in a cottage in the Santa Cruz Mountains, with two cars and “all the things that most people get excited about.” But having all of that didn’t really make them happy.
Daugherty was commuting to San Francisco for work every day, and even though both had good jobs, they were unable to save the money they wanted to for retirement or for the travel they wanted to do.
City leaders said Tuesday they could consider imposing rent controls in Alameda after an emotional hearing about rent increases that drove an elderly couple and their disabled daughter from their home of 17 years.
“I’m not advocating for rent control this point – I’ve been on the City Council for two months. But if we keep hearing about cases like this, I’ll certainly consider it,” Vice Mayor Marilyn Ezzy Ashcraft said. Read more >> about Council members: Rising rents could prompt controls
Jose and Aura Lyla Gonzalez lived in a bright, roomy unit at the rear of 1514 Benton Street for 17 years that was surrounded by trees, birds and good neighbors. But a few months ago the couple, who are in their late 70s, received word that the building had been sold to a new owner and then, a letter that their rent was going to increase by $600 a month – a 67 percent jump from the $900 a month they were paying. Read more >> about Rising rents drive elderly couple from home
Foreclosure filings are declining here in Alameda and across California, recent data show, though local real estate professionals said the numbers don't reflect a “shadow inventory” of homes with troubled mortgages and others lenders own but haven't put on the market.
But they said banks are more aggressively pursuing short sales to get some of the properties off their books. And with a dearth of homes on the market, they said the short sales in Alameda are producing market-rate results. Read more >> about Foreclosures drop, short sales on the rise