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HappyArtichoke7729 t1_j9uigjh wrote

Reply to comment by Nuplex in How are rents going up 10% again? by russokumo

This is not true. Landlords are going to charge the most they can, regardless of their own costs. Raising their costs isn't necessarily raising the rent. Not building more housing because of NIMBYism is what raises the rents -- also in the whole metro area, not just in JC alone.

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Nuplex t1_j9uw6qd wrote

I don't disagree with you on the build more housing or that landlords increase as much as they want.

However landlords do increase rent if their costs go up too. It's not mutually exclusive. They have a floor and ceiling. The ceiling is what you're talking about, they can and often will charge whatever the market will pay for. The floor is what they need to charge to break even. An increase in property tax and inflation raises this floor. So my og statement was basically that the floor increased around 7%, and the landlord increasing the ceiling side by 3% on top of that makes a 10% increase. It is a big increase but it is explainable with more than only "landlord bad". However an increase of say >10% is much more explainable by landlord greed than anything.

Also in case it sounds like it I do not support landlords in any way. But we should discuss things with nuance when it exists.

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