4 ms·
> If a 4x increase in rent is bearable by the market then it's not a sign of landlord greed, it's a sign of a broken system. It's not bearable by the market.
by pimlottc 12y ago
> If a 4x increase in rent is bearable by the market then it's not a sign of landlord greed, it's a sign of a broken system.
It's not bearable by the market. $2145 is low but market rate is nowhere near $8900 for a place like this; not even half that. This is clearly an attempt to force the tenant out with an inflated rate.
I'm not going to comment on either sides rights here but this rate is not simply "what the market will bear".
- remarkEon 12y agoCan we really even say what "market rate" is anymore?
- pimlottc 12y agoGood question, but the maps and figures released by the rental companies usually put it in the $3000-some range, plus or minus depending on area.
- gfodor 12y agoFair point, I was under the assumption this was similar to situation in some parts of NYC where rent control results in huge gap between market and tenant rate.