4 ms·

if they only increased it twice, then that's not due to rent control, which allowed for 8% each year (recently changed to 5%)

• spike021 9y ago
  No. You misunderstand what I said. My unit is rent-controlled. However, the owner of the building has only increased rent twice, both being the max they could under the rent control limit. They just haven't continually increased it on an annual basis because apparently they haven't needed to.
  • muzz 9y ago
    so you're saying they "banked" the increase still, an annualized 8% is quite a bit (over 5 years it would be 46%)
    • spike021 9y ago
      Yeah. I'm honestly very fortunate in my situation. Many low income families pay more and don't necessarily have rent control like I do.