Quote:
Originally Posted by Nehkara
A temporary rent control should have been put in place to stop people being driven out of a city that is already desperately in need of people... and most of the people we seem to need are the people who won't be making tons of money.
Rents doubling overnight is ridiculous. I am not saying Landlords shouldn't be able to capitlize on their investment but gouging should not be allowed.
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Many landlords lost money for years because the soft rental market didn't allow them to raise rents to match inflation. When this happened I'm certain renters weren't knocking on their doors to offer more rent to cover these costs.
For many landlords this market is an opportunity to recover some money from previous soft markets. I don't see it as gouging but rather just good business.