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by hunterpayne
87 days ago
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"In fact my landlord cited the increased median rent in the neighborhood as a reason to raise my rent." Your landlord lied to you to get you to pay the increase. You had little choice because finding a cheaper apartment probably wasn't possible/desirable and you probably didn't want to argue with him in front of the rent board. Understandable but that doesn't mean your landlord's explanation has any validity. |
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That's possible!
Maybe the rent increase is independent of that single new construction. Or it could be mixed depending on the type of housing. I looked into it a bit more[1] and it seems like lower-quality apartments near a new build go up in price but high-quality ones go down in price.
[1]: https://nlihc.org/resource/new-construction-has-mixed-short-...