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Saadiqfhs t1_j9owwuk wrote

Reply to comment by Ok-Lavishness-349 in /r/philosophy Open Discussion Thread | February 20, 2023 by BernardJOrtcutt

It is but I think the agency of the landlords can still be at play; they do not have to price out their tenants, but because a fatter cow has hit the market they cooked Besty. Back to my original thought: is it the common man’s fault for not having the money, or the fact a class can just change the rules in a year and basically banish them from their homes.

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Ok-Lavishness-349 t1_j9ozxs5 wrote

Yes, you are right. I own several rental houses myself (not in New Jersey). Rents are increasing in my area too. If I have a good renter, I try not to increase his/her rent or, if I do, I only do so gradually, even if this means getting below-market rates. But, when someone moves out, I charge market rates to the next renter. This makes sense ethically (I don't want to price anyone out of his/her house if I can avoid it) and business-wise (a below-market renter who pays his/her rent every month is better than taking a risk on a new renter that might not be a reliable payer). The problem is, many rental properties are owned by large corporations (hedge funds, etc.), that prioritize ROI over all else.

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Saadiqfhs t1_j9p0iig wrote

Oh everything is a chain now, when I was 21 I talked to a realtor and landlord, now I talk to a sells person at a front desk

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