henry_sqared

henry_sqared t1_je31p56 wrote

I agree with other comments about government involvement in expanding supply as a holistic long-term solution.
In the short-term, it's a big city. Greenville, the Heights, Lafayette, Bayview--there are still affordable places to be had. They won't have all the amenities that DT has right now, but still safe neighborhoods with their own character and charm.

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henry_sqared t1_iuq0c4h wrote

Q4 alone is twice what it was last year. That's about $1k to $2k increase for an average home/condo in JC. This is after an increase of almost $1k in Q3. So if your rent is $2k a month, and you landlord needs make up the current gap, then 10% is the min increase. However, there is nothing to suggest that there won't be continued increases in the year ahead, so there's an argument for raising rents over 10%. Still, 20% seems like a bigger jump than is likely warranted.

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