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As a not small anecdote, I live in a new building in Mountain View -- about 300 units. When I moved in last Summer, there were only 4 units available. It's curr
by onlyrealcuzzo 6y ago
As a not small anecdote, I live in a new building in Mountain View -- about 300 units. When I moved in last Summer, there were only 4 units available. It's currently over 50% vacant.
My rent was $4300. They're currently renting the same unit on a higher floor for $3500.
- jedberg 6y ago> My rent was $4300. They're currently renting the same unit on a higher floor for $3500. You should ask them to lower your rent to $3500. Then ask if you can move in upstairs.
- reaperducer 6y agoHe probably can at the end of the lease, but usually not in the middle. I've done it, but it seems to take an open-minded management company. It also depends on things such as how much money/time/effort the landlord want to put into "turning" an apartment, the number of corporate long-term rentals a complex has, what the landlord thinks is going to happen in the near future, and even what property management software the apartment complex runs.
- jedberg 6y agoHe said he moved in last summer, so I assume he's near the end of his lease.
- onlyrealcuzzo 6y agoRight, I asked. And they literally laughed at me, which is what I expected.
- ivalm 6y agoThen move elsewhere nearby and lock in a rent controlled lower value.
- reaperducer 6y agoThen move elsewhere nearby and lock in a rent controlled lower value. Even if you move nearby, moving isn't free in either time or money.
- aeyes 6y agoI'd follow up with the letter that you are moving out immediately. Let's see who'll be laughing last.
- onlyrealcuzzo 6y agoWell, I can't just break my lease. I am moving out at the end of my lease.
- reaperducer 6y agoI'd follow up with the letter that you are moving out immediately. Let's see who'll be laughing last. And they'd follow up with a multi-thousand dollar bill for the remainder of your lease, plus fees, that is legally enforceable, and due immediately. A lease is a contract. You don't get to just walk away.
- dehrmann 6y agoI think my last long-term least set the penalty at one or two months' rent, but your results may vary. In California, if they can find someone else to rent the unit, you're only on the hook for the time the unit was vacant.
- deleted 6y ago[deleted]
- raincom 6y agoMany REITs have scooped all large apartment complexes in the bay area. So, they have been jacking up rents ad infinitum. Now these REITs got their comeuppance. One on Villa St is owned by Avalon Bay $AVB
- jurassic 6y agoThe mega-REITS who bought all the affordable apartments in the bay area deserve what is coming to them. I rented a slummy 500 sq ft apartment (literal roaches in the kitchen) in Mountain View for $2000/month back in 2015 and just last fall, fully 3 years after moving out, I got a shakedown letter from them demanding I pay up some $300 "overdue balance" or else they fuck up my credit score. This is the first I ever heard of it. Of course I paid because my credit is worth a lot more to me than $300, but I was just thinking about how somebody in a less privileged position would feel getting a notice like that.
- jedberg 6y agoIf you've got the time you should file a small claims against them for the $300. They'll most likely cave and just give you the $300 back (minus the court costs of $30).