when all those STEM Tech layoffs are happening, who else left has money to do that? Landlords need to get ran out the paint and go broke, or get mauled over by the populace on some French Revolution shyt.
Lanlords are not the problem.
Have your landlord increase rent by $400, brehs
- Thread starter benjamin
- Start date
Lanlords are not the problem.
I'm sure the person who left wasn't going to allow another person to have an apt under his name and social. He knows the dude that's there still couldn't afford to live on his own already.
Here's the thing, they already showed the graphic that the average rent for her place would be $1,400 up from $1,300 the previous year, up from almost 1200 the year before. It's been going up about $100 a year recently. She said she's been there for 10yrs and paying $800. So for 10yrs she hasn't had a rent increase and even within the last 3 years where rent has increased substantially across the board, her rent was not increased and was now $600 below the avg price for the unit. They even offered her to pay 2020 rates of $1150 instead of the $1400 avg. That's a $250 increase over 10yrs. That's not unreasonable at all. She even said that even with the increase, it's cheaper than all the other places by a couple hundred dollars. Im sure it was an unpleasant discovery to see the notice but you been there 10yrs paying the same rent. Not even having regular cost of living increase during that time let alone market rate increases. Every year I would consider myself lucky to NOT have my rent increase at all, especially if it's 10yrs. I would've been preparing myself EVERY year to adjust to an increase and think I'm fortunate to not HAVE to when I renew. Again, unsettling I'm sure but not unreasonable.
What IS unreasonable is the issues with the apt she mentioned. Regardless of how under market a unit is, you're still obligated to make repairs if the apt is leased and under contract. As long as the issues aren't caused by the tenant being nasty as fukk or improper use, take care of the unit. She has mice in the apt which initially makes me hold the owner/manager responsible as long as I see the tenant has kept the place clean otherwise. Inspect for holes and gaps and if it's clear it wasn't caused by the tenant, that's on the owner to seal and exterminate. I've seen home where the tenant is a nasty piece of shyt and 100% the cause of mice. She mentioned the toilet flooding and getting on the carpet. Owner should replace that carpet and look into the plumbing. If it's flooding because the tenant is flushing wet wipes down the toilet which every plumber tells people NOT TO DO because WILL cause clogs, then that's not on the owner, it's on the tenant for improper use. After the first time you absorb the cost, replace the carpet by the bathroom and amend the lease to reflect that if there are improper use expenses, the tenant will be billed to their rent the following month but the repairs will be made. (can't just not do it, the damage will be worse at the end and you open yourself to litigation).
There are plenty of situations where landlords take advantage of tenants by raising the rent ridiculous amounts in ridiculously short periods of time and that is predatory. But I'm not seeing this situation like that currently. She has had no rent increase in 10 years and within the last 3 years where rent has gone up $600 during that time she still didn't have her rent raised and when she did have it raised it essentially only raised $250 (below pre COVID rates) ...in a 10yr span. That's not predatory. It's just inconvenient.
What IS unreasonable is the issues with the apt she mentioned. Regardless of how under market a unit is, you're still obligated to make repairs if the apt is leased and under contract. As long as the issues aren't caused by the tenant being nasty as fukk or improper use, take care of the unit. She has mice in the apt which initially makes me hold the owner/manager responsible as long as I see the tenant has kept the place clean otherwise. Inspect for holes and gaps and if it's clear it wasn't caused by the tenant, that's on the owner to seal and exterminate. I've seen home where the tenant is a nasty piece of shyt and 100% the cause of mice. She mentioned the toilet flooding and getting on the carpet. Owner should replace that carpet and look into the plumbing. If it's flooding because the tenant is flushing wet wipes down the toilet which every plumber tells people NOT TO DO because WILL cause clogs, then that's not on the owner, it's on the tenant for improper use. After the first time you absorb the cost, replace the carpet by the bathroom and amend the lease to reflect that if there are improper use expenses, the tenant will be billed to their rent the following month but the repairs will be made. (can't just not do it, the damage will be worse at the end and you open yourself to litigation).
There are plenty of situations where landlords take advantage of tenants by raising the rent ridiculous amounts in ridiculously short periods of time and that is predatory. But I'm not seeing this situation like that currently. She has had no rent increase in 10 years and within the last 3 years where rent has gone up $600 during that time she still didn't have her rent raised and when she did have it raised it essentially only raised $250 (below pre COVID rates) ...in a 10yr span. That's not predatory. It's just inconvenient.
Inflation, with actual wages and price caps. Charge no more than 15% of a person's monthly income on rent.
King
The black man is always targeted.
Rents shouldn’t exist at all. Especially for people who were enslaved 400+ years and actively shut out of owning property on every level.
I own a rental but I’ve only increased the rent $50 over the last couple years due to a hike in escrow, due to inflation.
I have no interest in bleeding my tenants dry. Plus I’m also a tenant my self so I empathize with the rent increases.
I have no interest in bleeding my tenants dry. Plus I’m also a tenant my self so I empathize with the rent increases.
CashmereThoughts
Veteran
thats never going to happen on a national scale but if the government cared they would build decent affordable housing on a mass scale that way people don't have to spend 60 percent of their net income on rent
You're a good man. Coming from me, it says a lot.
Inflation. Landlords cover maintenance, security, pest control, utilities for common areas, etc. and the cost changes every year.
Rent should be chained to CPI. Same with minimum wage.
The Devil's Advocate
Call me Dad
The market will always adjust. They NEED tenants.. So while they can price out a few, there isn't enough money being made to price out EVERYONE. So they'll have to come down to meet demand.I'm wondering how this shyt is going to end.
The problem is, they are basically redistricting right now. They want the cities back. And since nobody can live in the city anymore, they move to the burbs, and now the burbs is like "well shyt we like money too"
It'll all eventually resettle into middle class moving into the farmlands and boonies and out of reach spots like the poor do now. That's where it'll end. Middle class being priced out of the cities and burbs and into rural america
skyrunner1
Superstar
How about if/when taxes and insurance jump? People getting SMASHED by both..