The city of Alameda strengthens rent control restrictions by limiting the AGA to 70% of the CPI. This is the second substantial change to the ordinance in the past three months. It is possible that this will hinder investment opportunities in the metro. For more information, check out this article by Steve Tavares of the East Bay Citizen. A preview,

“Alameda renters scored a major legislative victory late Tuesday night when the Alameda City Council approved an ordinance that places a cap on annual rent increase. The change amounts to a reduction in annual increases from up to five percent under a previous ordinance to 2.8 percent for many Alameda renters, starting on Sept. 1. The council’s decision ties…”