Landlord Forced To Raise Rent Due To Thinking Of Bigger Number
Landlord Forced To Raise Rent Due To Thinking Of Bigger Number
BOSTON—Apologizing to his tenant for circumstances that were beyond his control, local landlord Eddie Turley was reportedly forced Monday to raise the rent due to thinking of a bigger number. “You can re-sign your lease, but I have to raise it by $250 a month because I realized there was a bigger nu...
There are two kinds of landlords I've encountered over the years.
The first knew my name and would only raise my rent when their insurance and or property tax would increase, and would show me the bills as evidence. There was even a year when my rent got lowered because that year's assessment went down.
The second referred to my living space as a unit and spoke of my rent as below market that needed to catch up.
If you're renting, find the first landlord whenever possible, though it seems to get harder and harder to do so.
Yeah this is the challenge I see on here all the time.
Property costs increase this causes rent to go up to cover costs.
If you don't want to pay increased rent buy a house and pay the increases elsewhere anyway.
I'm sure there a cunt land lords but there are also people who rented who know how it was and they be reasonable.
Making a profit on a rented property comes at massive tax repayments
This is ridiculous that you're getting downvoted for this statement. This all-or-nothing rejection to landlords is unreasonable. I rent a house to my buddy for $300/month. I could be renting it more than that, but I just want to make sure that he and his family are okay. I CAN NOT AFFORD to let him live there for free. The rent I charge is beyond reasonable. The people rejecting the idea that you should be able to at least collect the property taxes for something you own have never lived in the real world.
This literally, down to the amount raised and the reason why, happened to me today.
I suspect that when the government implements things like universal basic income, rents will increase with that amount the next day.
I suspect that if the government were to implement UBI, this would be a concern they thought of and would have things within the same breath as the UBI itself to address it. It only comes up every single time UBI is mentioned.
Some argue of universal basic utility instead.
A huge majority of politicians are landlords. They’re more represented than mining, tech, forestry, oil, agriculture, or any other big industry lobby group.
Rents will rise, but it’s by design.
This doesn't happen where UBI has been put into practice, and only happens in theory if you assume housing demand is perfectly inelastic. That's why it's a common suspicion.
This why we need more supply
The price of everything
At my apartment complex, I made friends with the supervisor. He was asked to recalculate the rent, and because we were buds, was able to not raise rent on me. But he HAD to raise rent for new renters by 25%.
I asked if he gets anything out of it, like a raise... And he said no.
I moved out for other reasons. But it was kinda fucked up.
Shit...my wife just thought of a bigger diamond I could buy her.
Reminder that jobs and houses exist outside of major cities. If you have an immediate set of dependants then well fuck, but if you're early in career I recommend getting the fuck out of your competitive shit hole of a city.
Good luck
Reminder that transportation costs money, most jobs are where the people are, and most jobs aren't wfh.
Also, not everyone can safely live in Redneckistan, what with the rise of fascism in recent years.
Transportation costs are inconsequential when compared to the outrageous rent costs in the inner city. Were talking about a factor of 10+ here for a 30-40min drive/train.
I did that drive for 8 years so I could afford a 4 bed house, it was fine. The same money, a stones throw from work couldn't buy me a cardboard box
If you think your time is worth the extra rent costs then don't complain about the rent costs?
Redneckistan doesn't exist in my country so it's a non factor. I had no idea that concept encapsulated 100% of the area outside cities.
You say this as though the exact same thing doesn't happen outside of major cities. Have you been outside?
I live in a small town and shit's expensive as fuck here too. Maybe you should know what the fuck you're talking about before you talk so judgmentally to people?