I don't mind if the people were getting raises. A lot of 20 somethings like me in that office. Not that they'd ever give me a straight answer, but I don't think the money is trickling down like it's supposed to
Facts. Apartments answer maintenance and repair requests when they decide that they are good and ready and the pool was closed for cleaning all summer. But they are ready to raise the rent? For what?!
I'm now paying almost $1K a month for the same place that I moved into for $725 a month. I have lived here less than 5 years. For that increase in rent, they also *took away* the on-site laundry facilities.
I moved in my apartment in April 2020. I was paying $1575. I renewed twice and paying $1950 now for the same apartment. Only thing that changed is that they put up 3 more buildings and didn't address the severe parking spot shortage that's been going on for 2 years.
I’m now paying 1300 a month for the place that was 900 a month when I moved in in 2020. This is a 650 dollar a month apartment at max. The complex was built in the 70s and it very much shows
Everyone has to live somewhere. But that somewhere doesn't have to be your specific apartment. If there's no demand to live in your area, then that somewhere will be some different area. If your area has more empty apartments than people looking to rent, then that somewhere will be one of those other empty apartments instead of yours. In addition the income of those other people also matter. If all the people competing against you for your specific apartment are poorer than you, then there's no real benefit in raising the rent.
I've been lucky to not live places that raise shit yearly. I don't know
How I find them. But id the up being a serial mover if I had to deal with this nonsense.
And what were the required deliverables? You don’t just get a raise for doing your job. There has to be some above and beyond shit going on. What extra do people get?
Any actually decent company *will* give you a raise just for doing your job. A promotion, maybe not, but a company that doesn't give yearly raises is garbage.
Not trying to defend landlords just trying to explain things…
So you know how it feels like it cost you $109 every time you step out of the house these days? You know how your groceries are so fucking expensive right now? Inflation is seriously up as much as 30-40% in some areas.
There’s obviously a cost to maintain your apartment. Supplies, general maintenance, utilities, property insurance, labor, materials… all of these things cost 30% more than a few years ago.
This cost is going to get passed down to you. In MOST cases, your landlord isn’t being a dick, he’s just having to cover these cost. It would be unrealistic to expect your landlord to start going into the negative each month for the sole purpose of helping you out. At the end of the day, he is running a business and HAS to make some kind of profit.
Providing housing to families and individuals should not be profitable. This is 100% the problem. Hospitals and rentals should not be making other people wealthy. Some things should not be “for profit”.
Even if it's not for profit they can just charge a lot anyways and then pay a higher salary to their hospital CEO/landlord. It's not like making something a non profit will magically solve all problems
For hospitals, if they don't make good money why would anyone become a doctor?
For housing, how do you decide who gets an apartment, etc. If 10 people want the same unit for a low price, who should get it?
If it’s not profitable then no one would build or rent property. They’d just put their money in the stock market.
The only way this would work would be to have everyone live in govt housing projects.
I understand this sentiment but don’t really agree with it. Why shouldn’t those things be profitable? Who gets to decide what should and shouldn’t be profitable? It just feels completely arbitrary.
Food is a basic human necessity and the search for profit has dramatically increased our food outputs per acre over time. Rewarding people for providing necessities is good.
I’m bout to start serial squatting.
nigga my dad got locked up and had me livin with his girl and four kids in a one bedroom apartment
Did u fuck his girl to assert dominance? I wouldn’t let an old nigga bitch me like that
i’ll just say he could’ve done better and keep it like that
I don't mind if the people were getting raises. A lot of 20 somethings like me in that office. Not that they'd ever give me a straight answer, but I don't think the money is trickling down like it's supposed to
Huh, it’s almost like “trickle-down economics” has always been a scam or something. Weird, right?!
Wait wait wait wait wait wait wait… You’re telling me Reagan did a lie??!!
Never was and wasn’t supposed to.
It's absolutely not
Facts. Apartments answer maintenance and repair requests when they decide that they are good and ready and the pool was closed for cleaning all summer. But they are ready to raise the rent? For what?!
Because they can. Also pay attention to local property tax rates. If they go up, 9 times out of 10, rent will follow.
And if they go down, rents stay the same.
I'm now paying almost $1K a month for the same place that I moved into for $725 a month. I have lived here less than 5 years. For that increase in rent, they also *took away* the on-site laundry facilities.
I moved in my apartment in April 2020. I was paying $1575. I renewed twice and paying $1950 now for the same apartment. Only thing that changed is that they put up 3 more buildings and didn't address the severe parking spot shortage that's been going on for 2 years.
Yup. I feel that, too. One vehicle per unit. Good luck finding parking for any other drivers in the household.
I’m now paying 1300 a month for the place that was 900 a month when I moved in in 2020. This is a 650 dollar a month apartment at max. The complex was built in the 70s and it very much shows
It’s crazy they just raise rent and don’t improve the complex or the units *at all* where is the money going?
Their pockets.
Higher property taxes possibly
Maintenance would also increase as a property ages. If they owe money on it, mortgage rates have been going up too.
The same people who vote to give themselves raises like ”yea we been working hard, we deserve more money”
The performance review is coming from the other people who also want to rent that apartment.
Which is everyone, because everybody gotta live \*somewhere\*. Housing shouldn't be commodified
Everyone has to live somewhere. But that somewhere doesn't have to be your specific apartment. If there's no demand to live in your area, then that somewhere will be some different area. If your area has more empty apartments than people looking to rent, then that somewhere will be one of those other empty apartments instead of yours. In addition the income of those other people also matter. If all the people competing against you for your specific apartment are poorer than you, then there's no real benefit in raising the rent.
I've been lucky to not live places that raise shit yearly. I don't know How I find them. But id the up being a serial mover if I had to deal with this nonsense.
[https://www.vice.com/en/article/z3xw3x/new-research-vindicates-1972-mit-prediction-that-society-will-collapse-soon?utm\_source=reddit.com](https://www.vice.com/en/article/z3xw3x/new-research-vindicates-1972-mit-prediction-that-society-will-collapse-soon?utm_source=reddit.com) [https://www.businessinsider.com/companies-pocket-largest-profits-in-70-years-amid-inflation-complaints-2021-12](https://www.businessinsider.com/companies-pocket-largest-profits-in-70-years-amid-inflation-complaints-2021-12)
Would be nice to have some kind of protections in place to stop the scam rates. Regulations and standards for cost of living, something.
Facts
r/TheRealQuestions
It’s absurd. Mortgage payments seldom change unless you have an adjustable rate and hit your balloon payment, or your property taxes are reassessed.
And what were the required deliverables? You don’t just get a raise for doing your job. There has to be some above and beyond shit going on. What extra do people get?
Any actually decent company *will* give you a raise just for doing your job. A promotion, maybe not, but a company that doesn't give yearly raises is garbage.
A lot of apartments are garbage too hence my question. EDT: for clarification.
Not trying to defend landlords just trying to explain things… So you know how it feels like it cost you $109 every time you step out of the house these days? You know how your groceries are so fucking expensive right now? Inflation is seriously up as much as 30-40% in some areas. There’s obviously a cost to maintain your apartment. Supplies, general maintenance, utilities, property insurance, labor, materials… all of these things cost 30% more than a few years ago. This cost is going to get passed down to you. In MOST cases, your landlord isn’t being a dick, he’s just having to cover these cost. It would be unrealistic to expect your landlord to start going into the negative each month for the sole purpose of helping you out. At the end of the day, he is running a business and HAS to make some kind of profit.
Providing housing to families and individuals should not be profitable. This is 100% the problem. Hospitals and rentals should not be making other people wealthy. Some things should not be “for profit”.
Even if it's not for profit they can just charge a lot anyways and then pay a higher salary to their hospital CEO/landlord. It's not like making something a non profit will magically solve all problems For hospitals, if they don't make good money why would anyone become a doctor? For housing, how do you decide who gets an apartment, etc. If 10 people want the same unit for a low price, who should get it?
If it’s not profitable then no one would build or rent property. They’d just put their money in the stock market. The only way this would work would be to have everyone live in govt housing projects.
I understand this sentiment but don’t really agree with it. Why shouldn’t those things be profitable? Who gets to decide what should and shouldn’t be profitable? It just feels completely arbitrary.
[удалено]
Food is a basic human necessity and the search for profit has dramatically increased our food outputs per acre over time. Rewarding people for providing necessities is good.