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385
Joined
2 yr. ago

  • Rents went up for several reasons:

    1. Lack of housing supply.
    2. Increased costs for materials, contractor labor, utilities, increased costs for staffing, etc.
    3. increased demand. People lived together during the pandemic and got sick of each other.
  • If you rent at cost or even a little over you'll go broke. People won't pay their rent and trash the places. Non-profits are finding out that they can't even support what they're trying to do with housing because the actual costs are more than what you think are "at cost".