objectimpermanence t1_j9hqxid wrote
Reply to comment by scubastefon in Just got our lease renewal numbers. For a 12 month lease renewal, our rent will increase over 10%. I don't see how this is sustainable long term. by chazthetic
This just highlights the fact that landlords will generally seek to charge the maximum amount they can get in a particular market.
It doesn’t matter what happens with their property tax bill. They will seek the maximum rent possible given prevailing market forces.
If a similar tax increase happened in a market like Detroit, many landlords there would not be able to recoup the cost simply because their housing market is the opposite of ours in terms of supply/demand factors.
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