4 ms·
The rent is frontloaded. It averages out over the long run, but landlords charge more at the beginning of the lease to make up some of the difference caused by
by strken 3y ago
The rent is frontloaded. It averages out over the long run, but landlords charge more at the beginning of the lease to make up some of the difference caused by rent controls by the time the lease ends.
- baby 3y agoTo me it’s more like if you have a non-rent controlled place you have to make it more attractive with lower prices, which is OK as you can just increase like hell after a year.
- killingtime74 3y agoIf you increase it, people can just move
- baby 3y agoImagine: you’re in the middle of crunch time at work, your wife is pregnant, you receive some notice that the rent is going to increase ten folds in two weeks, good luck.
- killingtime74 3y agoImagine: you are a single techie living in SF, you get the notice and move to another apartment :D.
- baby 3y agoWhy would you be single in sf
- gwbas1c 3y agoIt wasn't that way when I shopped for an apartment in SF. (Summer 2008.) The rent controlled landlords struggled, and didn't have much, or any, wiggle room for upkeep. (Just look at the Parkmerced saga. The place was a dump, but politics prevented them from fixing it.) I moved into my rent controlled apartment because it was a good deal; the non-rent-control apartments actually cost more at the time.