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how do you handle 10% rent increase in this economy
Original post made
by kcmdancer, Vineyard Avenue,
on Jun 28, 2011
Due to our current economy I have only received a 5% wage increase in the last 5 years, however after just over a year lease expires my rent is going up by almost 10%. I asked if they would lengthen my new lease and reduce the increase due to extenuating circumstances I currently have,they informed me that they can't do anything. I don't buy that, there are always exceptions.
Prior to moving into a corporate run apartment complex I lived in 2 privately owned rentals, over a 7 year period neither ever raised my rent. Why do corporate run complexes take advantage of families who can't afford to move as that is cost prohibitive?
When your expenses keep rising and your wages don't keep up how do you get by?