4 ms·
I moved into an apartment in Westchester, NY two years ago. My landlord keeps increasing the rent by 20% every year. It is owned / managed by a large company wh
by RealGeek 12y ago
I moved into an apartment in Westchester, NY two years ago. My landlord keeps increasing the rent by 20% every year. It is owned / managed by a large company which owns many apartments in the area; they just keep inflating the rental prices.
I can't deal with this anymore, as a result I have to move out now.
- deepsun 12y agoI see nothing wrong here. It's his apartment, and it's market. Want stability -- buy a house, (PS: I'm myself renting for a cheap price because of rent control, but I admit it's a bad system).
- RealGeek 12y agoIt's his apartment, but such high increase is not in line with the market prices, inflation and wage growth. They are simply banking on the fact that moving for tenants is costly, time consuming and could affect kid's school. Moreover, they only gave me 3 days to decide if I want to renew or move out. They gave the renewal offer 33 days before lease end, and I have to give a notice of 30 days if I want to move out. Last year, I fell into their trap and gave into the substantially increased rent; but now what they are asking is at least 30% higher than market.
- djrogers 12y agoIf your lease is being modified you are likely not bound by the 30 day notice...
- aros 12y agoMove somewhere with a good local job market and affordable housing. After purchasing my house a few years ago, my mortgage payments will remain exactly the same every year for 30 years.