4 ms·

This sounds like rent caps.

• ghaff 5y ago
  My initial reaction was that it sounds as if they're not charging nearly enough. You may want to be picky but that's ridiculous. But you may be right.
  • wildmanx 5y ago
    These 1:1200 are exceptional anecdotes that happen if you have some idealistic landlord that doesn't max out the allowed rent but rents it out at some price point that they consider reasonable, which is perhaps the rent from 20 years ago. Of course they get flooded with applications. If they'd max out, they'd still get multiple applications, but maybe 10-30 of those, half of them from people with bad credit rating. Still bad, but not as extreme as it sounds like.
  • aqme28 5y ago
    That’s part of it. The place was far below market.
• TillE 5y ago
  Rents have absolutely skyrocketed over the past 15 years or so (3-4x), despite mild controls, so no not really.