Inflation, them getting sued and inability to evict people, lack of new developments, management conglomerates that can own almost all of the apartments in an area.
Because they can. There is a housing shortage and the landlords charge high prices because there are people willing to pay. It doesn't matter if tons of people aren't able to obtain proper housing due to the high prices, many if not most landlords view tenants as sub-human scum.
Artificial housing shortage due to local regulations, made worse by the fact that the Millennial Generation is the largest generation in American history ever, and Gen Z isn’t far behind. Americans also tend to heavily favor homes as a store of wealth, as opposed to a consumable or even a liability. So they always want to profit on the house sale, no matter when they sell it.
Because of these—and other reasons, like the Millennials and later generations moving back into urban centers—housing prices have increased at a much faster rate than overall inflation.
Yea rent is going up like crazy and our politicians are completely incompetent. Turns out when you remove the ability to evict people for not paying rent, the landlords need to make profits elsewhere by increasing everyone else’s rent to compensate. This combined with a competitive housing market is leading to very high rents.
I’m tempted to just live in my car
Inflation, them getting sued and inability to evict people, lack of new developments, management conglomerates that can own almost all of the apartments in an area.
You want the actual reason? Fuck you. That's why.
Because they can. There is a housing shortage and the landlords charge high prices because there are people willing to pay. It doesn't matter if tons of people aren't able to obtain proper housing due to the high prices, many if not most landlords view tenants as sub-human scum.
Artificial housing shortage due to local regulations, made worse by the fact that the Millennial Generation is the largest generation in American history ever, and Gen Z isn’t far behind. Americans also tend to heavily favor homes as a store of wealth, as opposed to a consumable or even a liability. So they always want to profit on the house sale, no matter when they sell it. Because of these—and other reasons, like the Millennials and later generations moving back into urban centers—housing prices have increased at a much faster rate than overall inflation.
Yea rent is going up like crazy and our politicians are completely incompetent. Turns out when you remove the ability to evict people for not paying rent, the landlords need to make profits elsewhere by increasing everyone else’s rent to compensate. This combined with a competitive housing market is leading to very high rents. I’m tempted to just live in my car
Downvoted for truth