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chazthetic OP t1_j9gmy2g wrote

Reply to comment by micmaher99 in Just got our lease renewal numbers. For a 12 month lease renewal, our rent will increase over 10%. I don't see how this is sustainable long term. by chazthetic

I did. I saw a few posts, but it's indicative of a much larger problem

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bodhipooh t1_j9gok50 wrote

> but it's indicative of a much larger problem

But... It is not. You simply feel that way because you are struggling to keep up, but that's the way an unregulated market is supposed to work. You may not be able to afford it, but others will. Since we are not building enough units to absorb the population growth, we will continue to see increases in housing costs. Until population growth slows down, or some other shock to the system comes (like with the pandemic) we will continue to see higher rents.

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