this post was submitted on 06 Sep 2023
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The landlord had told them he wanted to raise the rent to $3,500 and when they complained he decided to raise it to $9,500.

โ€œWe know that our building is not rent controlled and this was something we were always worried about happening and there is no way we can afford $9,500 per month," Yumna Farooq said.

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[โ€“] [email protected] -5 points 1 year ago

I've always thought the hard "full rent control no hikes above inflation" "no rent control do whatever" dichotomy was stupid.

Why not compromise? Like 5% above inflation (or $50, whichever is higher) on all properties, regardless of how old or new they are. Allows a landlord to adapt to a shifting market, and gives a renter plenty of time to adapt and adjust as a landlord is changing rent yearly.

Then get rid of all the silly "year constructed" exceptions.