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iwearlederhosen t1_jdjw72n wrote

Reply to comment by MaryDellamorte in How much is your rent going up? by archetype1

Considering my homeowners insurance went up $500 from $900 to $1400 plus another $600 in property taxes, I'd say they are being reasonable. This isn't even taking into consideration labor and material increases for maintenance

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augie_wartooth t1_jdm3zch wrote

Yeah, comparing a payment increase on something YOU OWN because it appreciated in value to someone’s rent going up is pretty tone deaf.

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iwearlederhosen t1_jdm5r9t wrote

See my comment below. It's not all about appreciation in value but the cost of maintaining the property. A $100ish increase a month is netting a landlord no income increase. Would you expect they just eat that as a loss? If I owned properties and had a good tenant I'd do the same thing. Explain the cost going up, even lay out exactly the increases and say I'd like you to stay but this is what it costs this year more now.

If you don't like it I guess you could go live in a tent and pay nothing, I don't know what your ideal solution is here

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augie_wartooth t1_jdmjw3q wrote

Where did I say rent should never go up? I don’t buy for one second that some of the rent increases people are talking about here cover what you’re talking about in a way that’s not straight up exploitative.

“If you don’t like it, too bad, shut up” is basically what you’re saying here. I own, so this doesn’t actually affect me, but excuse me for having the temerity to care about other people I guess.

ETA My ideal solution is “don’t exploit people.”

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iwearlederhosen t1_jdmljm7 wrote

I take it you still didn't read the other comment I posted below.

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augie_wartooth t1_jdmmya6 wrote

Yeah, i saw it, and it doesn’t really address what I’m talking about.

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iwearlederhosen t1_jdmnxfs wrote

Put the comments together then I don't understand. I agree there are predators. My only point for an increase is based on cost increase not greed. OPs rate going up 6-10% is on par with actual cost increases. There's nothing to do about that. 40% move until there's some form of enforceable rent control

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Djlewzer t1_jdn4bg4 wrote

I think you’re comment speaks to the same thing everyone is pointing out: Housing costs shouldn’t fluctuate so rapidly for anyone. It is simply a bad thing for society.

Also if you can’t recognize the advantage of owing vs. renting and concede the point that renters are taken advantage of in ways owners aren’t, I don’t know what to say.

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Utretch t1_jdk034r wrote

Landlords are parasites on society shut up.

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iwearlederhosen t1_jdk0y20 wrote

I agree there are too many slumlords and abusers of the system but It's not always in someone's interest to buy.

I would never move to a new city and buy without living there for a year and assessing the areas. College students aren't going to buy a house to go to school for a few years. People who have catastrophic damages at their homes need to rent somewhere while repairs happen (insurance pays for the rental). Safety concerns with a spouse or live in partner creating the need to move out and rent.

Your blanket statement is asinine.

Obligatory, not a landlord

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