5 ms·
> Landlords can already raise prices whenever they want Not sure how to interpret this response. I said "due to rent control rules". So this applies when rent
by jjav 2y ago
> Landlords can already raise prices whenever they want
Not sure how to interpret this response. I said "due to rent control rules". So this applies when rent control rules are in place and landlords cannot raise rents more than rent control allows. If you are in a place that doesn't have rent control, well then it doesn't apply.
> most choose to put in 10% to 40% increase, every single year
I suggest you do the math on this one to see if it possible.
Let's take the middle of your range, 25%. If a landlord raised rents 25% "every single year", a $2K rent would be $15k in just ten years. So, no, no landlord is doing that.
> Federal Government prevents landlords from accessing credit to wait out that downturn
Tell me more about this program where the government gives landlords credit to wait out the downturn? Not familiar with it.