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by zeroed 3489 days ago
They are manipulating markets.

Apartment communities (I first saw this in Bay area) are doing whatever they can to make sure you end up in a particular month of a year. This is summer, at least now.

Most of them are doing this. Some use lower prices for 6-7-14 months (the number depends on what month right now). I personally signed up for 14 months without realizing what would happen to me. Some try to just cheat. One of apartment communities sent me a contract for 13 months without mentioning a word. Fortunately I knew about this scam at that time and didn't sign it.

So as long as many people need to renew their contracts at the same time - boom! Artificially heated market.

I hate them so much for doing it.

I wish more people were aware of it.

1 comments

What if it's a more benign reason, like they just want to prevent leases from ending in fall or winter when the demand is lower ?