5 ms·
The California bill is hardly a win for renters. How many renters who do not currently have rent control have their rents go up on average of 8% a year? I have
by tempsy 7y ago
The California bill is hardly a win for renters. How many renters who do not currently have rent control have their rents go up on average of 8% a year? I have lived in SF since 2012 in non rent controlled units and have never experienced that.
The only units I’ve seen that have rent increases that are greater than 10% are the new luxury high rises, which will continue to be exempt. The only landlords I really see this impacting are the corporate landlords like Avalon that manage older rentals and squeeze rentals as much as they can.
- pkaye 7y agoI just did the calculation on an apartment I rented back in 2000 in Fremont. It was $1300 back in 2000 and $3200 now. So that is about 4.6% increase per year. And this was a new apartment back then with pool, gym, covered parking, laundry in unit, close to BART. Are people really seeing rates increase more than 8% per year all around the bay area?
- asdff 7y agoMaybe not consistently year over year, but bursts of rent increase can happen to people and blindside them financially. Preventing price gouging is what this law is intended for.
- pkaye 7y agoI have a feeling though that landlords who used to do 5% now think it is acceptable to do 8%. Obviously the market demands will restrict the increases further but the law kind of codifies what is not price gouging. I guess we will see in a few years.
- tempsy 7y agoOnly in luxury high rises
- mattm 7y agoFriends of mine were hit with a 20% increase last year.