Current Events > why do landlords raise rent?

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TeaMilk 01/05/22 4:12:50 PM #1:	Maybe stupid question, but whats the justification for it? As a homeowner, my mortgage is exactly the same each month. I guess property taxes can increase, but its not usually by much (I think there's a 3% cap) The landlord of my bfs mom keeps hiking up the rent a ton every year and it's stupid. Is it purely out of greed or is there actually a reason they'd have to cover more expenses as time goes on? --- (they/them) \| http://large.horse/ Show Icons on posts: https://openuserjs.org/scripts/melon/GameFAQs_Show_Icon <cite>TeaMilk posted [p:961498465] in why do lan... [t:79841025]...</cite> <quote>Maybe stupid question, but whats the justification for it? As a homeowner, my mortgage is exactly the same each month. I guess property taxes can increase, but its not usually by much (I think there's a 3% cap) The landlord of my bfs mom keeps hiking up the rent a ton every year and it's stupid. Is it purely out of greed or is there actually a reason they'd have to cover more expenses as time goes on? </quote> ... Copied to Clipboard!
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theAteam 01/05/22 4:14:26 PM #3:	Because they can --- Buffalo Bills Season Prediction: 13-4 Season: 10-6 Week 18: vs NYJ <cite>theAteam posted [p:961498518] in why do lan... [t:79841025]...</cite> <quote>Because they can </quote> ... Copied to Clipboard!
Russia 01/05/22 4:14:49 PM #4:	Their house their rule. <cite>Russia posted [p:961498532] in why do lan... [t:79841025]...</cite> <quote>Their house their rule. </quote> ... Copied to Clipboard!
PatrickMahomes 01/05/22 4:15:23 PM #5:	[LFAQs-redacted-quote] --- https://i.imgur.com/cEQy3f4.png / https://i.imgur.com/gWKaLHC.png https://i.imgur.com/u6JR7qX.jpeg <cite>PatrickMahomes posted [p:961498547] in why do lan... [t:79841025]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> </quote> ... Copied to Clipboard!
TeaMilk 01/05/22 4:15:28 PM #6:	theAteam posted... Because they can Damn how do they live with themselves --- (they/them) \| http://large.horse/ Show Icons on posts: https://openuserjs.org/scripts/melon/GameFAQs_Show_Icon <cite>TeaMilk posted [p:961498553] in why do lan... [t:79841025]...</cite> <quote>theAteam posted... </cite> <quote>Because they can</quote>Damn how do they live with themselves </quote> ... Copied to Clipboard!
David1988 01/05/22 4:15:42 PM #7:	Inflation --- "Let's be honest...I'm everybody's type. I just gotta highlight the parts that appeal to her the most" - No_U_L7 <cite>David1988 posted [p:961498561] in why do lan... [t:79841025]...</cite> <quote>Inflation </quote> ... Copied to Clipboard!
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AngelicRadiance 01/05/22 4:16:53 PM #9:	TeaMilk posted... Is it purely out of greed Yes --- http://large.horse <cite>AngelicRadiance posted [p:961498600] in why do lan... [t:79841025]...</cite> <quote>TeaMilk posted... </cite> <quote>Is it purely out of greed</quote>Yes </quote> ... Copied to Clipboard!
TeaMilk 01/05/22 4:17:02 PM #10:	David1988 posted... Inflation Wages and welfare payments sure ain't inflating --- (they/them) \| http://large.horse/ Show Icons on posts: https://openuserjs.org/scripts/melon/GameFAQs_Show_Icon <cite>TeaMilk posted [p:961498607] in why do lan... [t:79841025]...</cite> <quote>David1988 posted... </cite> <quote>Inflation</quote>Wages and welfare payments sure ain't inflating </quote> ... Copied to Clipboard!
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theAteam 01/05/22 4:18:07 PM #12:	TeaMilk posted... Damn how do they live with themselves Takes a certain type of person to be a landlord. My fianc's parents used to own a bunch of houses that they rented out. Her mom said she felt disgusted with it like she was some kind of slumlord. Her dad had literally no problem with any of it. He recently bought a few more. He sleeps just fine at night. --- Buffalo Bills Season Prediction: 13-4 Season: 10-6 Week 18: vs NYJ <cite>theAteam posted [p:961498645] in why do lan... [t:79841025]...</cite> <quote>TeaMilk posted... </cite> <quote>Damn how do they live with themselves</quote> Takes a certain type of person to be a landlord. My fianc's parents used to own a bunch of houses that they rented out. Her mom said she felt disgusted with it like she was some kind of slumlord. Her dad had literally no problem with any of it. He recently bought a few more. He sleeps just fine at night. </quote> ... Copied to Clipboard!
TeaMilk 01/05/22 4:18:55 PM #13:	AngelicRadiance posted... Yes Can u change your sig to http://large.horse ? It should work then, im unable to setup HTTPS certificates for the domain --- (they/them) \| http://large.horse/ Show Icons on posts: https://openuserjs.org/scripts/melon/GameFAQs_Show_Icon <cite>TeaMilk posted [p:961498671] in why do lan... [t:79841025]...</cite> <quote>AngelicRadiance posted... </cite> <quote>Yes</quote>Can u change your sig to http://large.horse ? It should work then, im unable to setup HTTPS certificates for the domain </quote> ... Copied to Clipboard!
AngelsNAirwav3s 01/05/22 4:19:40 PM #14:	Maintenance and materials costs are going up. Property taxes going up. --- Hello world! <cite>AngelsNAirwav3s posted [p:961498693] in why do lan... [t:79841025]...</cite> <quote>Maintenance and materials costs are going up. Property taxes going up. </quote> ... Copied to Clipboard!
Makeveli_lives 01/05/22 4:20:35 PM #15:	[LFAQs-redacted-quote] They want their cut is all it is really. AngelsNAirwav3s posted... Maintenance and materials costs are going up. Property taxes going up. But when they go down the rent dont go down with it. --- Switch FC: SW-3917-4425-6106 PSN: PiKappaPhi769 <cite>Makeveli_lives posted [p:961498729] in why do lan... [t:79841025]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> They want their cut is all it is really. AngelsNAirwav3s posted... </cite> <quote>Maintenance and materials costs are going up. Property taxes going up.</quote>But when they go down the rent dont go down with it. </quote> ... Copied to Clipboard!
AngelicRadiance 01/05/22 4:21:09 PM #16:	TeaMilk posted... Can u change your sig to http://large.horse ? It should work then, im unable to setup HTTPS certificates for the domain I'll do it since you asked so nicely --- http://large.horse <cite>AngelicRadiance posted [p:961498746] in why do lan... [t:79841025]...</cite> <quote>TeaMilk posted... </cite> <quote>Can u change your sig to http://large.horse ? It should work then, im unable to setup HTTPS certificates for the domain</quote>I'll do it since you asked so nicely </quote> ... Copied to Clipboard!
AngelsNAirwav3s 01/05/22 4:21:38 PM #17:	Makeveli_lives posted... But when they go down the rent dont go down with it. When have they ever gone down? --- Hello world! <cite>AngelsNAirwav3s posted [p:961498755] in why do lan... [t:79841025]...</cite> <quote>Makeveli_lives posted... </cite> <quote>But when they go down the rent dont go down with it.</quote> When have they ever gone down? </quote> ... Copied to Clipboard!
TeaMilk 01/05/22 4:24:08 PM #18:	AngelsNAirwav3s posted... Maintenance and materials costs are going up. Property taxes going up. What materials? The house is already built lol. All im saying is as a homeowner i don't really notice any increased expenses over time. Certainly not enough to warrant $100+/mo increases every year theAteam posted... Takes a certain type of person to be a landlord. My fianc's parents used to own a bunch of houses that they rented out. Her mom said she felt disgusted with it like she was some kind of slumlord. Her dad had literally no problem with any of it. He recently bought a few more. He sleeps just fine at night. Yeah fuck I couldn't do it. The idea of making someone homeless because you're not making enough profit just sounds so evil --- (they/them) \| http://large.horse/ Show Icons on posts: https://openuserjs.org/scripts/melon/GameFAQs_Show_Icon <cite>TeaMilk posted [p:961498813] in why do lan... [t:79841025]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>Maintenance and materials costs are going up. Property taxes going up.</quote>What materials? The house is already built lol. All im saying is as a homeowner i don't really notice any increased expenses over time. Certainly not enough to warrant $100+/mo increases every year theAteam posted... </cite> <quote>Takes a certain type of person to be a landlord. My fianc's parents used to own a bunch of houses that they rented out. Her mom said she felt disgusted with it like she was some kind of slumlord. Her dad had literally no problem with any of it. He recently bought a few more. He sleeps just fine at night.</quote>Yeah fuck I couldn't do it. The idea of making someone homeless because you're not making enough profit just sounds so evil </quote> ... Copied to Clipboard!
Health 01/05/22 4:25:56 PM #19:	TeaMilk posted... my mortgage is exactly the same each month. When a lender works out mortgage repayments they take into account the expected interest rates, decrease in value of money, taxes, costs etc over the lifetime of the mortgage and divide it by the total number of months the mortgage is for. Many mortgages can be for 20+ years. When a landlord works out rent they usually do so for the coming year. Then next year they need to do it again. <cite>Health posted [p:961498864] in why do lan... [t:79841025]...</cite> <quote>TeaMilk posted... </cite> <quote>my mortgage is exactly the same each month.</quote> When a lender works out mortgage repayments they take into account the expected interest rates, decrease in value of money, taxes, costs etc over the lifetime of the mortgage and divide it by the total number of months the mortgage is for. Many mortgages can be for 20+ years. When a landlord works out rent they usually do so for the coming year. Then next year they need to do it again. </quote> ... Copied to Clipboard!
AngelsNAirwav3s 01/05/22 4:26:54 PM #20:	TeaMilk posted... What materials? The house is already built lol. All im saying is as a homeowner i don't really notice any increased expenses over time. Certainly not enough to warrant $100+/mo increases every year Something like a replacement Washer/Dryer, dish washer, toilet, etc. If you don't like the rent increase, then go find some place cheaper. I'm sure another renter will come in ASAP and sign a lease at that price. --- Hello world! <cite>AngelsNAirwav3s posted [p:961498894] in why do lan... [t:79841025]...</cite> <quote>TeaMilk posted... </cite> <quote>What materials? The house is already built lol. All im saying is as a homeowner i don't really notice any increased expenses over time. Certainly not enough to warrant $100+/mo increases every year</quote> Something like a replacement Washer/Dryer, dish washer, toilet, etc. If you don't like the rent increase, then go find some place cheaper. I'm sure another renter will come in ASAP and sign a lease at that price. </quote> ... Copied to Clipboard!
Giant_Aspirin 01/05/22 4:26:56 PM #21:	TeaMilk posted... All im saying is as a homeowner i don't really notice any increased expenses over time. Certainly not enough to warrant $100+/mo increases every year the cost of everything increases over time. materials and labor for repairs go up, slowly but steadily. and as you said, property taxes increase. where i live this happens every 7 years. the last time it happened to my house, my taxes went from like $4500 -> $5500 / year, which is a lot more than 3%. but yeah, $100/month increase is being done to increase profits, not to cover increased expenses. --- Playing: Psychonauts 2; Dead Cells I hope something good happens to you today <cite>Giant_Aspirin posted [p:961498899] in why do lan... [t:79841025]...</cite> <quote>TeaMilk posted... </cite> <quote>All im saying is as a homeowner i don't really notice any increased expenses over time. Certainly not enough to warrant $100+/mo increases every year</quote> the cost of everything increases over time. materials and labor for repairs go up, slowly but steadily. and as you said, property taxes increase. where i live this happens every 7 years. the last time it happened to my house, my taxes went from like $4500 -> $5500 / year, which is a lot more than 3%. but yeah, $100/month increase is being done to increase profits, not to cover increased expenses. </quote> ... Copied to Clipboard!
TeaMilk 01/05/22 4:27:19 PM #22:	AngelicRadiance posted... I'll do it since you asked so nicely Thank you <3 I appreciate it --- (they/them) \| http://large.horse/ Show Icons on posts: https://openuserjs.org/scripts/melon/GameFAQs_Show_Icon <cite>TeaMilk posted [p:961498910] in why do lan... [t:79841025]...</cite> <quote>AngelicRadiance posted... </cite> <quote>I'll do it since you asked so nicely</quote>Thank you <3 I appreciate it </quote> ... Copied to Clipboard!
shiby with it 01/05/22 4:29:25 PM #23:	Maintenance costs increase as inflation increases. --- ...I knew this 45 year old guy, goes by the name of Uncle Slappy, used to hang out on the corner of 56th and Rucker... -SArmstr0ng <cite>shiby with it posted [p:961498964] in why do lan... [t:79841025]...</cite> <quote>Maintenance costs increase as inflation increases. </quote> ... Copied to Clipboard!
AablMind 01/05/22 4:30:28 PM #24:	AngelsNAirwav3s posted... then go find some place cheaper hahaha hehehe hohoho funny one --- What ever happened to Mad Stalker? <cite>AablMind posted [p:961498996] in why do lan... [t:79841025]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>then go find some place cheaper</quote>hahaha hehehe hohoho funny one </quote> ... Copied to Clipboard!
eston 01/05/22 4:31:29 PM #25:	It also has to do with the rental market in your area, they'll charge as much as people are willing to pay even if the landlords expenses do not go up at all --- http://i73.photobucket.com/albums/i215/estonc/grizzly_bear_chairs_2.jpg http://i.imgur.com/8kjZU.jpg <cite>eston posted [p:961499025] in why do lan... [t:79841025]...</cite> <quote>It also has to do with the rental market in your area, they'll charge as much as people are willing to pay even if the landlords expenses do not go up at all </quote> ... Copied to Clipboard!
TeaMilk 01/05/22 4:39:50 PM #26:	AngelsNAirwav3s posted... Something like a replacement Washer/Dryer, dish washer, toilet, etc. If you don't like the rent increase, then go find some place cheaper. I'm sure another renter will come in ASAP and sign a lease at that price. Shes never had to replace an appliance or anything She is in one of the cheapest places in the area lol. Options are extremely limited because it has to be section 8 housing. It fucking sucks and the floors are made of plywood and it has horrible insulation and it costs 1.5x my mortgage still Giant_Aspirin posted... the cost of everything increases over time. materials and labor for repairs go up, slowly but steadily. and as you said, property taxes increase. where i live this happens every 7 years. the last time it happened to my house, my taxes went from like $4500 -> $5500 / year, which is a lot more than 3%. but yeah, $100/month increase is being done to increase profits, not to cover increased expenses. Yeah I suppose that makes sense. But definitely the rent increases on this level are just unreasonable and greedy eston posted... It also has to do with the rental market in your area, they'll charge as much as people are willing to pay even if the landlords expenses do not go up at all I love capitalism!! --- (they/them) \| http://large.horse/ Show Icons on posts: https://openuserjs.org/scripts/melon/GameFAQs_Show_Icon <cite>TeaMilk posted [p:961499288] in why do lan... [t:79841025]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>Something like a replacement Washer/Dryer, dish washer, toilet, etc. If you don't like the rent increase, then go find some place cheaper. I'm sure another renter will come in ASAP and sign a lease at that price.</quote>Shes never had to replace an appliance or anything She is in one of the cheapest places in the area lol. Options are extremely limited because it has to be section 8 housing. It fucking sucks and the floors are made of plywood and it has horrible insulation and it costs 1.5x my mortgage still Giant_Aspirin posted... </cite> <quote>the cost of everything increases over time. materials and labor for repairs go up, slowly but steadily. and as you said, property taxes increase. where i live this happens every 7 years. the last time it happened to my house, my taxes went from like $4500 -> $5500 / year, which is a lot more than 3%. but yeah, $100/month increase is being done to increase profits, not to cover increased expenses.</quote>Yeah I suppose that makes sense. But definitely the rent increases on this level are just unreasonable and greedy eston posted... </cite> <quote>It also has to do with the rental market in your area, they'll charge as much as people are willing to pay even if the landlords expenses do not go up at all</quote>I love capitalism!! </quote> ... Copied to Clipboard!
asdf8562 01/05/22 4:42:53 PM #27:	TeaMilk posted... What materials? The house is already built lol. All im saying is as a homeowner i don't really notice any increased expenses over time. Certainly not enough to warrant $100+/mo increases every year Is this a serious question? When a home needs repairs, materials, the cost to get it there and the labor to repair it doesn't pop up from the aether. <cite>asdf8562 posted [p:961499394] in why do lan... [t:79841025]...</cite> <quote>TeaMilk posted... </cite> <quote>What materials? The house is already built lol. All im saying is as a homeowner i don't really notice any increased expenses over time. Certainly not enough to warrant $100+/mo increases every year</quote>Is this a serious question? When a home needs repairs, materials, the cost to get it there and the labor to repair it doesn't pop up from the aether. </quote> ... Copied to Clipboard!
divot1338 01/05/22 4:53:40 PM #28:	[LFAQs-redacted-quote] Man born without neck demands to be paid, now! --- Moustache twirling villian https://i.imgur.com/U3lt3H4.jpg- Kerbey <cite>divot1338 posted [p:961499712] in why do lan... [t:79841025]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> Man born without neck demands to be paid, now! </quote> ... Copied to Clipboard!
Daffadilio 01/05/22 4:59:14 PM #29:	It may be too late now, but rent hikes are often negotiable. It seems that in most situations, a landlords would prefer to keep a steady, rent paying tenant in even if it means less of an increase, than spend time potentially not having a tenant/ needing to repair and repaint every year, etc. when renting I was often able to get a $100 or so monthly increase down to $20-30, still an increase but it makes a big difference --- You remind me of the times when I knew who I was... <cite>Daffadilio posted [p:961499884] in why do lan... [t:79841025]...</cite> <quote>It may be too late now, but rent hikes are often negotiable. It seems that in most situations, a landlords would prefer to keep a steady, rent paying tenant in even if it means less of an increase, than spend time potentially not having a tenant/ needing to repair and repaint every year, etc. when renting I was often able to get a $100 or so monthly increase down to $20-30, still an increase but it makes a big difference </quote> ... Copied to Clipboard!
sLaCkEr408___RJ 01/05/22 5:04:08 PM #30:	Capitalism <cite>sLaCkEr408___RJ posted [p:961499999] in why do lan... [t:79841025]...</cite> <quote>Capitalism </quote> ... Copied to Clipboard!
Daffadilio 01/05/22 5:08:41 PM #31:	I also agree the the price hikes are mostly pure greed. Insurance and maybe property taxes can go up, but repairs and shit should happen infrequently and be saved for out of the typical monthly rent, unless the landlord is renting out a shitty place or doesnt understand their responsibility. I bought my house recently and have roommates that effectively cover my mortgage at this time. I do not earn a profit, but do not have to pay anything towards the house besides improvements/repairs. We have not been here a full year and Ive put in more than a full year of mortgage on those things already. Thats part of owning the house and Im grateful Ive had this opportunity to be able to make improvements constantly and often so the house can be in better shape for longer. --- You remind me of the times when I knew who I was... <cite>Daffadilio posted [p:961500124] in why do lan... [t:79841025]...</cite> <quote>I also agree the the price hikes are mostly pure greed. Insurance and maybe property taxes can go up, but repairs and shit should happen infrequently and be saved for out of the typical monthly rent, unless the landlord is renting out a shitty place or doesnt understand their responsibility. I bought my house recently and have roommates that effectively cover my mortgage at this time. I do not earn a profit, but do not have to pay anything towards the house besides improvements/repairs. We have not been here a full year and Ive put in more than a full year of mortgage on those things already. Thats part of owning the house and Im grateful Ive had this opportunity to be able to make improvements constantly and often so the house can be in better shape for longer. </quote> ... Copied to Clipboard!
Nemu 01/05/22 5:18:05 PM #32:	It's a necessary function of providing a service. That some scumbags take advantage of that necessity to gouge tenants is a separate issue. <cite>Nemu posted [p:961500365] in why do lan... [t:79841025]...</cite> <quote>It's a necessary function of providing a service. That some scumbags take advantage of that necessity to gouge tenants is a separate issue. </quote> ... Copied to Clipboard!
Zano 01/05/22 5:19:15 PM #33:	Maintenance, insurance and taxes go up every single year --- http://i.imgur.com/MDQBi2C.jpg <cite>Zano posted [p:961500404] in why do lan... [t:79841025]...</cite> <quote>Maintenance, insurance and taxes go up every single year </quote> ... Copied to Clipboard!
IShall_Run_Amok 01/05/22 5:19:43 PM #34:	To get to the other side. --- Everything you love was always woke, and its less woke than it used to be, and that's why its not as good anymore, because its less woke. <cite>IShall_Run_Amok posted [p:961500421] in why do lan... [t:79841025]...</cite> <quote>To get to the other side. </quote> ... Copied to Clipboard!
420TwiZtiD420 01/05/22 5:21:16 PM #35:	Makeveli_lives posted... They want their cut is all it is really. But when they go down the rent dont go down with it. When did materials and maintenance costs get lower? If anything they steadily increase year over year. --- fay ce que vouldras <cite>420TwiZtiD420 posted [p:961500464] in why do lan... [t:79841025]...</cite> <quote>Makeveli_lives posted... </cite> <quote>They want their cut is all it is really. But when they go down the rent dont go down with it.</quote>When did materials and maintenance costs get lower? If anything they steadily increase year over year. </quote> ... Copied to Clipboard!
Axiom 01/05/22 5:26:17 PM #36:	TeaMilk posted... purely out of greed <cite>Axiom posted [p:961500602] in why do lan... [t:79841025]...</cite> <quote>TeaMilk posted... </cite> <quote>purely out of greed</quote> </quote> ... Copied to Clipboard!
averagejoel 01/05/22 5:29:15 PM #37:	Nemu posted... It's a necessary function of providing a service. That some scumbags take advantage of that necessity to gouge tenants is a separate issue. landlords do not provide a service --- peanut butter and dick <cite>averagejoel posted [p:961500696] in why do lan... [t:79841025]...</cite> <quote>Nemu posted... </cite> <quote>It's a necessary function of providing a service. That some scumbags take advantage of that necessity to gouge tenants is a separate issue.</quote>landlords do not provide a service </quote> ... Copied to Clipboard!
rexcrk 01/05/22 5:32:00 PM #38:	Do you really not know that the answer is money or are you just pretending like you dont know so that you can make a cOnTrOvErSiAl topic? --- Tell my tale to those who ask. Tell it truly, the ill deeds, along with the good, and let me be judged accordingly. The rest... is silence. <cite>rexcrk posted [p:961500786] in why do lan... [t:79841025]...</cite> <quote>Do you really not know that the answer is money or are you just pretending like you dont know so that you can make a cOnTrOvErSiAl topic? </quote> ... Copied to Clipboard!
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Current Events > why do landlords raise rent? (+) Yeah! (+)

Current Events > why do landlords raise rent?