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russokumo t1_j9jk8mb wrote

Reply to comment by the_running_stache 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

Reason is moving costs. They know moving costs money, so if they are able to raise rent just enough to be competitive with moving costs, most people will stay put. Also yieldstar software is definitely leading to collusion in jersey city + Hoboken in particular.

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