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Monday, November 01, 2021 3:21:32 PM
"And over the last few months, DaCosta, a Pilates instructor, has been seeing the open apartments in her building go for rents just as high, if not higher, than they were priced pre-Covid. By her calculations, her current rent of around $1,900 could easily go up to $2,300 or more. That would force her to move.
“It’s just too much,” she said."
Oh yeah like this is actually going to keep rents low (the politicians are just trading short term gains for long term losses in the rental housing market): "There’s a growing movement across the country to regulate rent increases. In Oregon, for example, most hikes are limited to 7%, plus inflation. Many cities in California have a cap, too.
While many landlords are free to raise your rent at renewal as much as they’d like, some have to provide you with notice. Landlords in Seattle, for example, are required to alert their tenants 180 days prior to any change, and most renters in Washington are guaranteed a 60-day heads-up."
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