3 ms·
> A landlord can apply a maximum of 40% of the index increase in rent-increase So if inflation goes up by 10%, rent can only go up by 4%? Does that mean rent w
by dahfizz 6y ago
> A landlord can apply a maximum of 40% of the index increase in rent-increase
So if inflation goes up by 10%, rent can only go up by 4%? Does that mean rent will be nearly free in 100+ years?
- throwaway2048 6y agoIf inflation is 10% a year for 100+ years you are going to have bigger problems than the rent 130 year old person is paying.
- dahfizz 6y agoI chose that number for easy math. The point is that rent grows less than half as quick as inflation, which is definitely unsustainable.
- dahu2004 6y agoThat is if you don't renovate nor modernise the building at all. It is an incentive for landlords to keep the building up to date. In your corner case scenario, an outdated 100 years old apartment would be pretty lame and worth its fair price of "almost free".
- CaptainZapp 6y agoEssentially yes, that's correct.