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.

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DunningKruger · 61-69, M

What you're not considering is how much of the money the landlord brings in goes to maintenance of the property, taxes, insurance and other expenses. You're speaking as if it's all profit, which it isn't.

So, whether the rent increase is justified or not depends upon the how much of what the landlord brings in is profit, and how much his expenses to operate the property have gone up in the current terrible economy. Without knowing those things, we can't really comment on how justified a rent increase is.