4 ms·
Rent control. If you live in a unit constructed before a certain year, you have rent control and the landlord is limited to a small increase in rent each year.
by stephenbez 8y ago
Rent control. If you live in a unit constructed before a certain year, you have rent control and the landlord is limited to a small increase in rent each year.
If you have been living in same place for years it's possible your rent is less than half as much as someone who moved into a similar unit this year.
The other case is that people not in high paying jobs don't live there and instead live far away and have 1 hour plus commutes.