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to those who solution is to move, im afraid its not so simple.
Yes, that is the first thought that came to my mind too, but i have a family including a small kid. Winter is almost in really and any change involves some amount of cost, time on your part, and adjusting to new area.
lets look at this in a different light - when we got here for the first time, the rent that was offered was affordable to us - perhaps market was low at the time. so we took it. We assumed that there would naturally be increases in rent but within a reasonable amount (say 5%).
it is unfair to raise rent large amounts and force people to move.
It is unfair for you to force the landlord to accept a rate that is lower than the market rate. If the market is demanding 10% more, then that's what the market is demanding. I don't see the issue. You could have signed a 5 year lease and locked in 3 to 5% increases... but you didn't.
to those who solution is to move, im afraid its not so simple.
Yes, that is the first thought that came to my mind too, but i have a family including a small kid. Winter is almost in really and any change involves some amount of cost, time on your part, and adjusting to new area.
lets look at this in a different light - when we got here for the first time, the rent that was offered was affordable to us - perhaps market was low at the time. so we took it. We assumed that there would naturally be increases in rent but within a reasonable amount (say 5%).
it is unfair to raise rent large amounts and force people to move.
There is no fairness. It's a false concept that is misapplied when it comes to prices. Market rent is inherently fair, landlords are charging what people are willing to pay, and people are willing to pay what landlords are charging. If either side gets out of line, they suffer, and the market adjusts.
You best bet is to seek other housing, it's still 6 or 7 weeks from winter, there's plenty of time. Moving is only as hard as you make it. Treat it like a fun adventure, and that is exactly what it will become. Like so many other things in life. Find a landlord who will give you a 2 or 3 or 5 year lease with modest increases to protect your budget. They are out there and some are willing to give rent security of this type in exchange for the concomitant reduction of long term vacancy rates.
Actually, if the landlord only upped the rent 5%, but the market was willing to pay 20% more, you would actually be ripping off the landlord. But nobody would be Occupying Marin Blvd in that case.
People should lose the concept of "fairness" when it comes to prices, whether it be food, energy, medical expenses, wages, what have you. It is a conceptual error that leads to all kinds of problems. When it comes to pricing, there is no justice or lack of justice, it simply is what it is.
By the way, gasoline prices have fallen quite a bit over the past few months. Who is that unfair to? Nobody apparently. Where are the screams for an investigation? The silence is deafening. Isn't it some kind of conspiracy? Shouldn't there be some kind of march on the headquarters of Mobil Oil to uncover the secret reason for this nefarious reduction? And what about the Bildebergs and the Trilateralists? There has to be some involvement there. Let's occupy something and get this all figured out.
When I spent 6 months in Houston, their rent increases (was a very nice complex in a great part of town) were outrageous, too. I remember thinking how unfair it seemed that people who have lived there 3 years ended up paying so much more than new move-ins...if I lived there full time, I was planning to move back and forth with the complex across the street! I was given a sheet in my packet that told how much the rent would go up each year, so it wasn't a surprise.
This is why I think it's better if possible to find privately owned apartments. My rent has gone up by exactly $87 in 11 years (although I know that's not the norm).
I am not an attorney or expert but here is my limited knowledge about rentals in NJ after talking to one of Hudson county's rental board clerk. I had similar concerns regarding a rent controlled apt. in Hudson county:
*Don't quote me on anything.
-Your unit is under rent control and is subjected to a smallish increase limit set by the town/city, etc..... It is roughly 2%. When a unit is not owner occupied it is under stringent rent control.
-Call Jersey City rental/rent control board and tell them your situation
-You will most likely be able to renew your lease paying maybe 2% more.
-If you go to court with the landlord and the court finds out that your unit is never registered in NJ state as a registered rental unit you will automatically win any case.
That is only for units under rent control which would be a lot of older places. Much or Newport/Pavonia is newer and therefore not subject to any rent control.
Quote:
Originally Posted by vw-nynj
I am not an attorney or expert but here is my limited knowledge about rentals in NJ after talking to one of Hudson county's rental board clerk. I had similar concerns regarding a rent controlled apt. in Hudson county:
*Don't quote me on anything.
-Your unit is under rent control and is subjected to a smallish increase limit set by the town/city, etc..... It is roughly 2%. When a unit is not owner occupied it is under stringent rent control.
-Call Jersey City rental/rent control board and tell them your situation
-You will most likely be able to renew your lease paying maybe 2% more.
-If you go to court with the landlord and the court finds out that your unit is never registered in NJ state as a registered rental unit you will automatically win any case.
Each City/town may be different. I called the Weehawken rent control board and the clerk told me all units/houses in the town, old or new; once they become non-owner occupied and rented out then it becomes rent controlled.
I may not be 100% correct and this may not apply to J.C.. Call JC. rent control board to find out. You can't lose.
Market determines rent? really?
Have you seen the buildings in newport lately? almost eevery floor of every building has a few apartments vacant for long periods of time.
the newport rental agency is creating a false value.
also quite a few of the buildings are over 20years old, so they are not exactly great places to live - just that the location is very good.
any change involves some amount of cost, time on your part, and adjusting to new area.
And? You are a renter. All the above come with being a renter. Somehow you think your right not to be inconvenienced outweighs how much someone should charge for an apartment?
Let me ask a different question:
For normal working people, how much salary increase is there in a year? 1% , 5% , 15% ? - usualy its around 1 - 5%
NOw, if everthing else appreciates by 15% how are you supposed to pay that?
if one side - landlord / tenant has complete control over the situation , with no laws in place to protect other , there is going to be a problem.
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