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It's also things like Invitation Homes. They buy hundreds of thousands of houses and charge really high rents (even in areas where it makes you scratch your hea
by libraryatnight 7y ago
It's also things like Invitation Homes. They buy hundreds of thousands of houses and charge really high rents (even in areas where it makes you scratch your head how they can charge that much), they also have a guaranteed 5-6% rent increase each year you stay. So renting from them is never a long term possibility, you will always eventually hit a point where the rents just too high and will be forced to move.
- fjsolwmv 7y agoIt is more likely that IH knows the rental market price and you don't. 5% growth per year is totally normal in desirable areas . It's lower than real estate appreciation.
- libraryatnight 7y agoI don't think so? First, if that were true they wouldn't be significantly higher than other houses in the neighborhood if that were true. Also, In 15 years of renting I've never had a guaranteed rent raise - ever. Rent only rose when the market made a raise make sense. Guaranteed regardless of the market is not normal in residential renting in my area.