Quote:
Originally Posted by Spoofy
Lowering rents is the last thing these companies want to do because then, when they do their 2.5% increases each year, they are starting from a lower point, and as such, each increase is smaller than it would otherwise be.
|
Ya true, I get it
...But the rent is just too dam high. Vacancy could be 50% and you'd still have a ton of people not being able to afford it if they don't put the prices down. You'd still have a lot of homeless and people crammed into small, old, run down places as that's the only option they can qualify for / afford.
And the rent price itself is just one number. There is so much else that you need to pay for in most units- parking, heat, hydro, water, internet, tenant insurance, security, building/condo fees (should really be part of the rent) and so on... Not to mention that most landlords require a hard credit check that many in today's broke society won't pass, among other personal information/income requirements.
Say what you want about people like Dave Ramsey- but I recall a story he had one time that he couldn't qualify to rent an apartment, yet he had enough money to buy the entire apartment complex. That's wak
When everything's luxury apartments, do they assume everyone makes everyone makes luxury salaries?
Prev
Linear Mode
