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I imagine that cases like this have driven up the rent prices quite a bit. Can you elaborate on why you imagine this?
by dfxm12 3y ago
I imagine that cases like this have driven up the rent prices quite a bit.
Can you elaborate on why you imagine this?
- obmelvin 3y agoI just mean that strict controls over the ability to raise prices & not letting the landlord terminate the lease after a 12-month cycle has ended would likely effect the calculations done by landlords. A landlord may want a high price to 1) bake in future raises, if they can't be done year to year and 2) a filter to only rent to people with high paying jobs in an attempt to avoid situations where someone doesn't leave because they'll never find something as cheap. To be clear, this is my inductive reasoning after asking this friend many questions in disbelief at her situation. I can't say definitively that this is a cause of higher rents. Nor do I mean to imply that there aren't bigger effects.