Unwarranted rent rises

Picture this. Landlord owns over 100 units. Has done so for more than 50 years.
Easily bringing in over one million 800 thousand dollars a year.
Over 50 years, how much would have been accumulated?
Notice of rent rise each year. This time $100 a week.
Anyone out there tell me how the constant rent rises can be justified?
Remember, currently bringing in $1.8 million a year.

This page is a permanent link to the reply below and its nested replies. See all post replies »

Magicianzini · M

There is no justification. They just want to squeeze the blood out of us.

Annual rise of rent is ludicrous... but it's all ludicrous. They want to take us back to ancient times when you worked 20 hours a day just to have a place to rest your head.

It's all about keeping us enslaved.

Gusman · 61-69, M

@Magicianzini Yes. Those of us who could not or have not bought a home will end up homeless. And the system does not care.
Evicting people allows Estate Agents and landlords to raise rents even higher.