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by asdff
2530 days ago
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I think a lot of landlords are slumlords without even realizing it then. Landlords whine and scream and sound the alarm that shit will hit the fan when cities try to limit rent increases to a generous 5% to keep pace with actual wage growth. Yet to the landlord, did their costs even increase at all the year they jacked the rent? In CA, their taxes remained the same as when they bought the place. Hiring laborers to upkeep the property has always been about hiring from the very bottom of the handiman market, a market that also has not seen wage growth. So if all the landlords costs do not rise all that much, why do they feel justified to raise rents sometimes well over 10% a year? The only reason is to fatten the wallet by milking the tenants, and we've hit a point where in some cases the working class has to commute 4 hours a day in desperate effort to find a job that pays the exorbitant rent. |
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