As if that hypothetical person ever had a chance post 2008.
I have to raise rent on the single mother of 2 again…
Inflation hits us all honey.Do you have to? or are you driving a fancy car, taking vacations, buying name brand clothing, spending money on over priced drinks… i don’t think you have to, i think you care about spending money on something that doesn’t matter more than that mother and her children.
Yes i have to. Every unit has to be a net positive to itself or at least stay a small net negative so other units can catch a non-scheduled repair. I’m pretty sure the tenant wouldn’t be happy to have to look for a new place just because a pipe broke.
Yes, i drive a Taycan and my wife has an ID.5.
Yes, i sit in my garden and enjoy whatever the weather allows me to.
Yes, i exclusively buy clothes made from good quality natural materials. A sweater of the brand of clothes i buy costs about 160€ and lasts about 8 Years. I have not had to replace one yet and i own about 40 pieces of clothing in total. Not counting suits.
What is an overpriced drink? I drink filtered tapwater, sometimes carbonated and at the rare occasion that i eat in a more fancier setting i drink Sprite.
Inflation is fake.
You can dream bobby, but your dreams are not reality.
It must be weird to know that just dropping dead would actually make the world a tiny bit better than not. I wonder if that’s how an intestinal parasite feels?
I think it would make the day of my employees harder for a few months.
I think it would make the rest of all of my wifes days really really bad.
I think the only people who would be happy that i just died would be people on the internet with superiority complexes.You should buy a better life insurance policy. What kind of person doesn’t plan for the possibility of their spouse needing to be on their own?
Wait, we already know EXACTLY that kind of person, don’t we?
I have one. I didn’t even mention anything financial. Funny that this is all you guys think about.
You ever had a loved one die? Seems like you don’t know how horrible that is.
Case closed.
Are you raising it proportionally to the costs you’d expect to see the next year for that unit and factoring in any expected equity were you to sell? I’m always curious how these rent hikes are calculated. Have you ever reduced rent?
I cannot tell you how conglomerates do it, but i can speak for myself.
I own 10 Units that i rent out. I raise rent depending on what i think next year is gonna happen. But i also have 2 companies that generate income that i take into account a tiny bit.
It’s been fucky since the Corona™️ though so i kept raises to the same level they were in 2019. About 4% a year.
I raise my rent to market value whenever i have a change in tenant.
I have never reduced rent. My costs have never gone down. If anything i didnt raise rent one year.
I cannot keep rent the same forever because inflation and other cost increases would just eat at the foundation and if something breaks i will have to just sell the entire unit.When last did any of your tenants have a 4% annual income increase?
Don’t know. Don’t care. I raise wages to a percent above inflation. Not my problem other employers don’t.
Of course, it would be terrible if you could no longer afford the lifestyle you are accustomed by profiting off of others labor
Exactly.
sees downvotes and replies
Satire is apparently dead
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I am. Satire is still dead.
Seeing everyone taking the bait in the replies is hilarious
Seems like they’re all new to the Internet…
Maybe you could fall in an open grave and just never come back out? What if you did that instead?
You really wanna know how little will change? Or was that just flamebait
