Quote:
Originally Posted by Harvey Specter
So to give you guys how fucked the rental market is I just rented one of my YT studio units this past weekend for $1850 without parking. Not only that but I showed the place to about 10 people who all wanted it but half were couples who told me they can't find anything to rent so they're willing to live in a tiny studio.
Just to put things in prospective my 1 bedroom with parking which is in the same building was rented out last Oct for $1875. Once her lease expires the rent will be hovering around $2200. The increase in the rent isn't just a lack of supply but it's also linked to Airbnb which is raising rental rates at a pretty alarming rate.
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I though there some policy/law in place to limit how much you can increase the rent. Also you can't say kick the person you renting out and then increase rent...... I think is 3% max each year?