"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."
  • Potatos_are_not_friends@lemmy.world
    44·
    2 years ago

    2015 - rent was $1200

    2017 - rent was $1600.

    2021 - rent was $2100 average. I was paying $2400.

    2023 - rent was $2500 average. I’m paying nearly $3000.

    These are all two bedroom, two bathroom apartments in the same city.

    I’ve asked college age tenants who lived here how they can do it. They split it with roommates (2bd/2bath - like four ppl living there)

    • nbailey@lemmy.ca
      16·
      2 years ago

      My city has been even more dramatic.

      2016 - $680

      2022 - $2200

      Over 300% increase in six years.

    • SCB@lemmy.world
      11·
      2 years ago

      Your city badly needs zoning reform, not to exacerbate this problem with rent control (further stifling new building)

    • Morcyphr@lemmy.one
      7·
      2 years ago

      That’s crazy. I’m in a decent sized city and the average rent for a 2/2 is ~$1800. Hell my mortgage is less than $3k/month.