Quote:
Originally Posted by H2O
I'm sure nobody really WANTS to live there, but we are in a housing crisis and people will lease what is available to them at a certain price point and location. There is probably fairly high turnover as people find other options as their leases come up.
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100%. And I feel like "luxury" description gets applied to just about every apartment building that gets built in the central core of the city, so I sure there are plenty of people there who would rather not pay for a "luxury" apartment but that is all that is available.
On a side note about the state of renting... I just heard a story of someone living in an apartment building downtown, and the owners started doing extremely disruptive work on the inside of the apartment with almost no notice. They came home one day and they were there doing work and all their stuff was shoved into a corner. When they complained, the complex made the "offer" of waiving the early contract termination fee. Which they took, but that just meant the complex could rent the apt out for 300 a month more sooner. It can feel so helpless being at the mercy of corporate landlords. But what a great time for those landlords to make record profits!
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