I live in an apartment complex, that recently was bought by a new landlord. That landlord has been increasing expired lease rents by as much as 60%. Imagine that your rent is $600/month and suddenly it's damn near $1,000/month.
Whoa! For low income seniors on Social Security and small pensions, this aint gonna fly. Actually, younger people still in the workforce with higher incomes, aren't taking to well to it either. Practically everybody in this complex is moving out. Some people are moving in and paying the higher rents, but not as many as are moving out. I've never seen so many moving vans in my life.
Next May, I will be moving out too, and still haven't figured out where to move to. I have limitations because of a low credit score and income, but I'll find someplace, even if it's not as good as where I am now.
All this is because Florida has no limit of what landlords can raise rents to. The only thing limiting them is new residents' capability to pay, and what they are able to rent apartments for.
But there is another side to this, This isn't oil or minerals mined from the ground. It's not furniture being made and sold. This is about PEOPLE. And it's about people who have been living in this complex for years, and these apartments are their HOMES. One woman who just moved out, had been living here for 25 years. Longtime neighbor-friendships are being obliterated.
If landlords NEED to raise rents, (say 10% or less) for some reason, that's understandable, but to raise them by HUNDREDS of dollars, just for GREED, is not what we ought to be OK with in this country. When hundreds of people are forced out of their homes, this is unacceptable. As is the case with most conservatives, I also favor deregulation of business, but this is one case that is screaming for MORE regulation, to a reasonable degree.
You are a statist.
Conservatives generally are statist authoritarians, like their leftist counterparts. You propose a government intrusion, but it is okay in your mind because it is only when in certain exceptional situations (i.e. those effect you) and you forget or don't care about what such an intrusion does to landlords.
This is what distinguishes me (a liberal) from conservatives and leftists.
You can throw out all your excuses about this being an issue of people and their homes, but it is all the same and that excuse is nonsense. Who pays for the landlord's home? What do you think the landlord will do with the extra money?
If you were truly principled, you would never suggest such a statist authoritarian overreach--even one that benefits you or "people."
The market dictates price. If the landlords did not have the market support for such a price hike, they would never get away with it. There is high demand for rentals right now because nre home building is not keeping up with demand, making it harder for people to go from renting to buying. Thus, higher demand for rentals.
The good news is that there is always a market solution and/or an excellent opportunity for someone get wealthy solving the lack-of-supply problem. Landlords will likely use the temporary surplus to solve the problem by building more rental properties (increasing supply).
That is all I will say on the matter.
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