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Think hard now. My rent went up $96/mo. In one year that totals $1,152. I could use that money to buy any number of things. A guitar, electric piano, furniture, new TV set, laptop, etc/—-/ That makes no sense.
I deeply sympathize with your dilemma--a people on low fixed incomes are experiencing serious economic pain right now--but price controls are not the answer. Your landlord is beset with the same inflationary pressures we all are, i.e. much MUCH higher costs for labor, utilities, property taxes, maintenance, replacement costs for heaters, air conditioners, etc. etc. mostly courtesy of Biden's insane economic policies.We've been through this topic before. However, that wasn't when I received a $96/month rent increase. For seniors, retired and barely surviving on Social Security and a pension, rent increases like $96/month (I just received one), are devastating & demoralizing.
Here we are looking for ways to increase our income, cut our costs, and along comes the dear landlord with a $96/month takeaway (less than a month advance notice).
This is like going put on the street and being mugged for $96, once a month, every month, ongoing.
People, stop crabbing about gas prices. Stop crabbing about food prices, clothing, cell phones. Those are all trivial compared to your MOST EXPENSIVE, CONSTANTLY ONGOING EXPENSE, which is HOUSING. Gas, food, et al stuff isn't going up $96/month.
You get a letter stuck in your door whining about "operational costs", and just like that, your annual operational budget is $1,152 less. Of course this letter doesn't specify what these so-called "operational costs" are, nor offer any proof that they even exist. For all we know this rent increase might be nothing more than somebody (who we never see, don't know their name) wanting more money to buy something like this >>
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There is only one way to top this madness. Republicans & Democrats need to join together and enact rent control (with roll backs to 2015 levels). Over the last few years, I have seen housing rents skyrocket like nothing before in my lifetime. I moved twice to void massive rent increases, but they keep on coming, with nothing stopping them.
I recommend we call "our" state legislators & governors, and demand rent control laws, with no increases above $50/month allowed. If business owners cannot handle the costs associated with running their business, then stay out of that business. Don't be dumping costs on to the customers, especially for a commodity that people HAVE TO HAVE.
Whether to corporations or individuals, small businesses and renters LOSE $$$$ either way, when rents go up. The more they go up, the more we LO$E.And that completely meaningless if you're OK with corporations owning all the housing.
The more corporate ownership of housing, the higher the rents will be.Whether to corporations or individuals, small businesses and renters LOSE $$$$ either way, when rents go up. The more they go up, the more we LO$E.
Nah! Not with the kind of increases in rent we've seen over the last 3 years. I've been watching rents for 70+ years. There never has been anything like this before.I deeply sympathize with your dilemma--a people on low fixed incomes are experiencing serious economic pain right now--but price controls are not the answer. Your landlord is beset with the same inflationary pressures we all are, i.e. much MUCH higher costs for labor, utilities, property taxes, maintenance, replacement costs for heaters, air conditioners, etc. etc. mostly courtesy of Biden's insane economic policies.
Force your landlord to assess rent below his costs and/or a reasonable profit and he'll go out of business and you may be out of a home entirely.
No matter how much a person dislikes Trump, a vote for ANYBODY else in November is asking for more and more of what Biden has delivered. The ONLY chance we have for relief is to get Trump back into office.
Maybe so, but there is nothing stopping individuals from jacking rents way up too, and they're doing it.The more corporate ownership of housing, the higher the rents will be.
Ewww. Gross. No way!Read my posts, and you'll know.
/——/ We’re only getting half of the story.Think hard now. My rent went up $96/mo. In one year that totals $1,152. I could use that money to buy any number of things. A guitar, electric piano, furniture, new TV set, laptop, etc
But instead of those small businesses getting that money, it will all go to my landlord for increases rent. Got it ?
Now multiply those lost sales by tens of millions$$$$$$$$$ elated to all the rent hikes going on all across the country. This ain't hard.
/—-/ You’re exposing your lack of knowledge about real estate.And that completely meaningless if you're OK with corporations owning all the housing.
That's nice kid./—-/ You’re exposing your lack of knowledge about real estate.
And what happens when the shortage of housing drives people to leave the city, and small business has no customers?If you oppose rent control, you do NOT support small business. 99.999% of small businesses are harmed badly by housing rent increases, soakingup $$$ that could/would/should have gone to SALES for those businesses.
Those businesses LOSE big bucks$$ when rents go up - you don't know ??
Corporations buying housing is a symptom, not the cause.And that completely meaningless if you're OK with corporations owning all the housing.
Trying to ban corporations from buying housing will not reduce rents by a penny, and rents were going up before companies started buying housing. It was specifically because prices were going up, that companies saw housing as a safe investment.The more corporate ownership of housing, the higher the rents will be.
/——/ I’m 72. Compared to you, I am a kid. Landlords form corporations to protect their personal assesses. If you were a landlord you’d do the same.That's nice kid.
Yes, you are lazy. IDGAF how old you are. I, too, am in my 70s, I've been retired for 11 years and I still farm. I am a disabled vet but I don't use it as an excuse as you so easily do. I also pay my bills and that would include rent if I rented my property. I don't begrudge hard working people receiving returns on their investments and I damn sure don't whine or expect others to support me. Now STFU, flake.Idiot, I'm 77 years old. Will be 78 this week. I'm disabled and have been retired from the workforce for 15 years. I was in it for almost 50 years. I just had surgery 2 weeks ago.
I just proved to you by my music and painting, that I am the opposite of lazy. Those paintings and musical instruments represent hard tedious work, which you are too dumb to realize.
And no one should have to go out and get a job to get $$ to make up for dollars RIPPED OFF, by lowlife landlords LIKE YOU.
/—-/ Sir, thank you for your service.Yes, you are lazy. IDGAF how old you are. I, too, am in my 70s, I've been retired for 11 years and I still farm. I am a disabled vet but I don't use it as an excuse as you so easily do. I also pay my bills and that would include rent if I rented my property. I don't begrudge hard working people receiving returns on their investments and I damn sure don't whine or expect others to support me. Now STFU, flake.
What a stupid ass you are.NO, it is NOT "simple". The OP already covered this. Some people have to be told twice.
1. "Of course this letter doesn't specify what these so-called "operational costs" are, nor offer any proof that they even exist. For all we know this rent increase might be nothing more than somebody (who we never see, don't know their name) wanting more money to buy something like this >>
2. If business owners cannot handle the costs associated with running their business, then stay out of that business. Don't be dumping costs on to the customers, especially for a commodity that people HAVE TO HAVE.
3. How do you expect the tenants to "cover" the cost of the increase ?
My increases in Social Security& VA pension for 2024 = $41/mo. The rent increase is $96/mo. That means I'm LOSING ground ($55/mo or $660/yr) LOSS.
Does a pasttime really compare to industry?Fair question. It has to do with not being lazy or laziness, as moron CA suggested, as was already explained in the posts.
No, I'm pretty sure private equity firms buying up real-estate is a major reason why houses are getting so expensive.Corporations buying housing is a symptom, not the cause.
