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Why don’t landlords just raise the rent to $10k/mo everywhere then? If everyone just pays it seems like a surefire win.
by kortilla 5y ago
Why don’t landlords just raise the rent to $10k/mo everywhere then? If everyone just pays it seems like a surefire win.
- ttyprintk 5y agoSome municipalities mandate growth rates on residential leases be capped (say, 12%). If as a landlord you took the chance and overpriced your property, it might sit empty, and the kind of tenant who eventually takes it is the kind of tenant who will find a better deal once they have the time to look around. And leases are contracts, so they have lag times before the rules change for any individual renter.