Reply to Do you know people who have money but aren't buying a home?

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[quote=Anonymous][quote=Anonymous]NP here.  I am pretty sure the landlord who posted earlier was raising the rent $100 a month, so, $1200 a year.  That is more than many people make in raises around here -- unless two IT professionals live there. And, that is a lot if the amenities aren't improving.

My landlord won't install or even let me install light fixtures in the BR closets of our supposedly luxury condo and it is so petty.  I am a great tenant -- plus, he had to evict the last one due to drug use and behavioral issues that disturbed the whole building.  His cost to evict, plus the lost rent during the turnover to a new renter had to cost close to $10k, and yet he could not even be bothered to repaint before we moved in.

Growing up, my family did a lot for our landlord in terms of home maintenance, and in return he almost never raised the rent, which saved us from financial hardship.  I doubt he will ever know how much we appreciated that.

I have owned three homes as an adult and despite the dark closets, I am happy to rent again.  When life changes hit you, it is nice to have the flexibility to move.

As more housing stock, especially apartments and condos, are built in the DMV, landlords may find they have to hang on to their good tenants to avoid the lost rent from empty units.  Think twice about your rent hikes, please.

[/quote]

$100 month increase on $2K/month rent isn't much either.  That's 5% increase, which is barely above inflation.[/quote]

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