Viewing a single comment thread. View all comments

KentuckYSnow t1_j5wwfvr wrote

They aren't getting screwed, you were getting a deal. Get some perspective. Utilities have gone up a huge amount, it's only fair to pay your own.

4

blondiebell OP t1_j5x3dfa wrote

So if utilities went up and now the cost is on the tenants why is the rent also increasing %15?

1

KentuckYSnow t1_j5yixcr wrote

Have you tried to hire someone to fix anything lately? Did you leave the apartment in a condition that required zero upkeep or repair? If you were paying minimal increases for several years it's going to be behind market value. Rents don't and shouldn't stay tethered to what the last person paid

−1

blondiebell OP t1_j5yx6rc wrote

I've discussed this in another post, but my reply boils down to "market price" is BS when it comes to something someone needs for survival. The literal purpose of the annual rent increase for a current tenant is to keep up with expected inflation while maintaining current profits for the company. If the rent jumps 15% and inflation is only up 5% then the company is just price gouging because they can and it is immoral and should be made illegal.

1