They were also gonna go up in the wake of no fires.
As a landlord (with only one house) I do not understand why a landlord would raise the rent unless they need to. Think of it this way. If I charge $675 a month and the competition jumps their price to $1,000 a month, who is everyone going to come to?
I get the pick of the best tenants. Why would I raise the rent? Should note I live where I do not have to rent to the first person that shows up.
If the competition suddenly goes to $3,000 a month and I stay at $675, and I maintain my place so it isn’t a shit hole, I’ll have lines around that block of people wanting to rent. Why would I raise my rent unless I have to?
Have to raise the rent is defined as: my costs increase, so then I raise the rent the same amount.
How are you a landlord if you only own one house? Surely you mean two houses. Unless you rent.
Sorry should have clarified that, I have one house that I rent out. I own a different home that I live in. When I said one home, I meant I have one home for renting.
Ah, thanks for clarifying. I think most of us would see that as having two homes, one of which you rent out.
Could own a two-family home. It’s super common in my area for there to be one apartment downstairs and one upstairs.
Oh, thanks for sharing. That’s extremely rare in my experience. I only ever experienced it when I lived in Japan, in fact. Never have encountered that as a thing in the US, though I’m sure it happens here and there.
American landlords tend to live in their own single family house.
Already happening. This was posted to c/latestagecapitalism
I thought this might be BS because it is definitely formatted to cause outrage. But there is currently a listing on Estately updated yesterday for the higher price but older references to it shows the lower price. It looks like they pulled all the ads they could though.
Three bedrooms. So even 3 couples splitting the rent 6 ways it’s $2,499.17 per person per month.
By point of comparison, my mortgage on a 3 bedroom house in Portland is $2,059.59.
