4 ms·
Problem is that their old place will go back to the market on a new lease and, in popular areas, twice the rent. Also, if you've been in your current apartment
by hussong 11y ago
Problem is that their old place will go back to the market on a new lease and, in popular areas, twice the rent.
Also, if you've been in your current apartment for 5+ years, changing apartments effectively means double rent for you. Everybody I know who has an OK apartment in Berlin stays there, because an extra room etc. would mean 500-1000 Euros rent increase.
- Kalium 11y agoIf there is sufficient supply, the old place won't go back on the market for a much higher rent. What you describe is what happens when you build a handful of units in the midst of a major shortage. Have you been following the events surrounding the problems with rising rents in San Francisco? What you're describing is what has already happened here. I cannot overstate the importance of avoiding the mistakes of SF. Refusing to build in a place people want to live in will not lower rents. It only drives gentrification, evictions, and higher rents.