Hacker News new | ask | show | jobs
by ynot269 2927 days ago
Coming from someone not in the bay area the most expensive place I've ever lived was outside of Boston (Waltham) and even then it was a summer sublet. Why is housing so expensive, more importantly why are landlords allowed to adjust their prices so aggressively and based on some anecdotal evidence seen in this thread, randomly? I'm currently locked into a lease and I'm 95% sure the price is pay is what im locked into for a full year, but are landlords really raising prices monthly?

edit: words
2 comments
pound 2927 days ago
It's not some landlords who randomly drive prices up, they just respond to increases in property value.
link
Reedx 2927 days ago
Not really, it's mostly once/yr (leases do lock the price). But they can be very aggressive increases (e.g., +$500/mo).

There are some areas/buildings that are rent controlled though, then the increase is very small once/yr. But in those cases new leases make up the difference. I had a rent controlled one bedroom apt in SF for $2k/mo, when I left it was then priced at $3k/mo.

link