Rent Shocks Recharge Push for New Tenant Rights in a Changing Albany (Inwood: middle-class, transplants)
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Yes, but the hike from 2600 to 3800 is straightpipe gouge-o-rama. The new landlords buy a building at a premium, or not, and jack the rents to greedy new heights. Bravo. Winners and losers aren’t enough, it’s got to be big winners and big losers.
I remember a time when a landlord would give you a 3-year lease and would only go up a couple of dollars on renewals because they valued a long-term tenant over a short-term profit. The greed has completely taken over all sensibilities when it comes to renting out property. It makes no sense to me that every year or two, people and families have to move b/c the rent increases far exceeds their wage growth. The Good Cause Eviction bill is a band-aid that doesn't cure the problem. If Albany (and Washington DC) doesn't get a handle on this, homelessness will continue to spin out of control along with the crime and filth that follows poverty.
Expecting someone to rent their property for less than they can get for someone else is greedy
Some landlords still value someone they know is quiet reliable and won't destroy their property so they're willing to take less in rent up to a point
That's a simple business decision and nothing more
They aren't doing that to be nice either
Foresight is completely lacking in young people today.
But at 30 she should be old enough to know better. I've only ever applied for and lived in rent stabilized apartments. We don't come from Bookah money over here
Expecting someone to rent their property for less than they can get for someone else is greedy
Some landlords still value someone they know is quiet reliable and won't destroy their property so they're willing to take less in rent up to a point
That's a simple business decision and nothing more
They aren't doing that to be nice either
The problem is BlackRock doesn't care about QOL or the community. You are just a social security number to them.
Yes, but the hike from 2600 to 3800 is straightpipe gouge-o-rama. The new landlords buy a building at a premium, or not, and jack the rents to greedy new heights. Bravo. Winners and losers aren’t enough, it’s got to be big winners and big losers.
if there's enough demand of people who are willing to pay 3800, then its not price gouging
if there's enough demand of people who are willing to pay 3800, then its not price gouging
That is patently false. It is neither normal or reasonable for someone's rent to jump that high in one year. The demand is there b/c there's not enough housing. And if you're taking advantage of a supply shortage to hike up prices, it's called price gouging. That's why there's such a thing called cartels - as in oil cartels, hotel cartels, etc.
That is patently false. It is neither normal or reasonable for someone's rent to jump that high in one year. The demand is there b/c there's not enough housing. And if you're taking advantage of a supply shortage to hike up prices, it's called price gouging. That's why there's such a thing called cartels - as in oil cartels, hotel cartels, etc.
The rent didn't jump that high. It was slumped due to COVID before, so now it is back to the normal pre-COVID price.
The tenant used the COVID pandemic to rent at vastly discounted rate before.
The rent didn't jump that high. It was slumped due to COVID before, so now it is back to the normal pre-COVID price.
The tenant used the COVID pandemic to rent at vastly discounted rate before.
I thought the rent before covid was $2,800? Then to go from that to $3,800 is price gouging to me, but it's just an opinion.
It is because the reason it was that low was because of a special situation.
You could say that the renters who rented at low rates during the height of the pandemic were gouging the landlords
Quote:
Originally Posted by Brownpine
That is patently false. It is neither normal or reasonable for someone's rent to jump that high in one year. The demand is there b/c there's not enough housing. And if you're taking advantage of a supply shortage to hike up prices, it's called price gouging. That's why there's such a thing called cartels - as in oil cartels, hotel cartels, etc.
I remember a time when a landlord would give you a 3-year lease and would only go up a couple of dollars on renewals because they valued a long-term tenant over a short-term profit. The greed has completely taken over all sensibilities when it comes to renting out property. It makes no sense to me that every year or two, people and families have to move b/c the rent increases far exceeds their wage growth. The Good Cause Eviction bill is a band-aid that doesn't cure the problem. If Albany (and Washington DC) doesn't get a handle on this, homelessness will continue to spin out of control along with the crime and filth that follows poverty.
This! And how people on this forum obsess over crime, they shouldn't want to see an increase in poverty.
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