rent keeps going up and up

[davelj]

Yeah, but, from the other side of the equation, the landlord knows that even the cheapest move is going to cost you $100-$200 bucks (and likely much more if you have any “stuff” at all – plus a lost weekend) even if you find another place to live that costs the same as the one you’re in. So, it’s a matter of who’s going to budge first – you know the landlord doesn’t want a vacancy and the landlord knows you don’t want to pay for moving. My previous experience renting was the landlords knew how much they wanted to raise the rent and if I wasn’t willing to pay it, so be it – I ended up moving.

[davelj]

Yeah, but, from the other side of the equation, the landlord knows that even the cheapest move is going to cost you $100-$200 bucks (and likely much more if you have any “stuff” at all – plus a lost weekend) even if you find another place to live that costs the same as the one you’re in. So, it’s a matter of who’s going to budge first – you know the landlord doesn’t want a vacancy and the landlord knows you don’t want to pay for moving. My previous experience renting was the landlords knew how much they wanted to raise the rent and if I wasn’t willing to pay it, so be it – I ended up moving.

[Raybyrnes]

sdrealtor

I am not in property management so you might be right that it is easier to rent a 2 bedroom than a 1 bedoom but that has not been the case im my complex. The 2 bedrooms ended up being vacant for 3 months whereas the 1 bedroooms that became vacant rented in a month. I czn recognise that there is a certain amount of seasonality here by the beach.

But the real question I am assking is why doesn’t pricing adjust to great tennants vs marginal tennants? They have credit scoring systems for pricing debt, why wouldn’t someone create a rental index to better price rents. I feel I am subsidizing the deadbeats by paying higher rent than I would normally have to pay. I will make a bet taht rents are hundred billions in rent payments flowign through our ecomonic system.

[Raybyrnes]

sdrealtor

I am not in property management so you might be right that it is easier to rent a 2 bedroom than a 1 bedoom but that has not been the case im my complex. The 2 bedrooms ended up being vacant for 3 months whereas the 1 bedroooms that became vacant rented in a month. I czn recognise that there is a certain amount of seasonality here by the beach.

But the real question I am assking is why doesn’t pricing adjust to great tennants vs marginal tennants? They have credit scoring systems for pricing debt, why wouldn’t someone create a rental index to better price rents. I feel I am subsidizing the deadbeats by paying higher rent than I would normally have to pay. I will make a bet taht rents are hundred billions in rent payments flowign through our ecomonic system.

[Author]

Posts