Families are stuck in shelters or sleeping in their cars while a flawed state selection process and meager funding for renovations leave apartments empty for years.
  • surewhynotlem@lemmy.world
    21·
    10 months ago

    Landlords won’t increase rent just because their costs go up. If they could increase rent now, they absolutely would. It has nothing to do with costs.

    If they could increase rent now, but aren’t, they’re shit at their job.

    • trailing9@lemmy.ml
      1·
      10 months ago

      Landlords can increase as long as renters are able to pay more. If you remove the broker fees then there is room for higher rents.

      • surewhynotlem@lemmy.world
        1·
        10 months ago

        As long as renters ‘are willing’ to pay more. It will take time for the market to adjust. While that happens people win out.

        • trailing9@lemmy.ml
          1·
          10 months ago

          If you rent for 20 month, and pay one month as fee, you save 5%.

          How much over construction costs do landlords rent out their property?

          If rent can go down much more than 5% I wouldn’t focus energy on it but on other means to reduce rent.