Guess what guys? Another year of my lease is up in April, and my rent's new year increase is twice as big as last year's increase. You got that right...starting April, I will officially be a PL stuck paying over $900 for a one-bedroom suburban apartment in a reasonably affordable area(hey, it's not exactly Center City Philly or anything overly posh where I live!).Now can anyone see why I'm so eager to get a small house sometime soon??
I can easily afford the extra rent hike, but the real issue is, do I want to pay that much money for such a small place that I'll never even own?...no. It's the principle of it. Ugh. Just had to vent and see if anyone else can relate.
In your opinion, do you think the landlords increased the rent more this year because of the supply & demand of renting, spurred on by the recent mortgage industry subprime collapse? I'm thinking the collapsed mortgage industry has encouraged more people to postpone buying, therefore the landlords know they can get away with raising the rent more. I don't think it's just my landlord doing this, but most of them. If anything, my landlords are very down-to-earth, nice people. I know they're in it to make money, but I don't think they're trying to "scam" us either. But I still don't like paying so much money for a place I'll never own!
I love my apartment and where I live, but I really can't wait until I get my own little house!


Now can anyone see why I'm so eager to get a small house sometime soon??
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I'm sorry you went through that. You should definitely complain to the landlords and pull the Trump Card(i.e., threaten to move to a more affordable apartment). What they're doing is not fair at all! I've pulled the Trump Card many many times with credit card companies in a successful attempt to get them to lower my interest rate or raise my credit limit(not that I NEED these things, it's just good to know that I have clout with the credit card company, and to feel rewarded for being an ontime-paying customer).

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