blog
Out of context: Reply #65349
- Started
- Last post
- 76,746 Responses
- fruitsalad1
Over the past 5 years the 1 Bed apartment I rent has gone up massively in value if the price rises of nearby apartments is anything to go by.
40%+
So why is my rent going up? The owner, a large property investment company, are sitting on a huge profit if they do wish to sell up and kick me out. They're raking in profits from my rent... all the while, the actual quality of the apartment - general wear and tear, fixtures and fittings, kitchen white goods etc, have gone down in quality. The actual quality of the apartment doesn't reflect the rent value, or warrant the rise in value of the property. It's just over subscribed market demand pushing up the price, and greed of the property owner pushing up the rent.
Still it's cheaper rent than if I move fresh into a nearby place.
So, I am stuck. Great...
The rich get richer, the poor get poorer.- the last 5 years in my city the rents doubled, and airbnb plays a major role in this********
- I've been in NYC 9 years almost. Rent is the same as it was on the first day, believe it or not.monospaced
- The Trump Way®utopian
- the last 5 years in my city the rents doubled, and airbnb plays a major role in this