Mildly Infuriating
Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that.
I want my day mildly ruined, not completely ruined. Please remember to refrain from reposting old content. If you post a post from reddit it is good practice to include a link and credit the OP. I'm not about stealing content!
It's just good to get something in this website for casual viewing whilst refreshing original content is added overtime.
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How does one end up in an apartment with rent stabilization? I've wondered this.
Get a time machine
Great, what's step three?
profit
It's very uncommon to find available rent controlled apartments. Some of the leases allow you to pass the apartment and its current pricing to a child, so there's a lot of them where the same family has lived there for 20+ years and just passed the lease down the family.
In my area, there's some newer rent controlled ones, but they're only available to low-income families (which makes sense to me). There's also California-wide rent control for most properties which mandates a maximum increase of CPI + 5% per year, capped at 10%. It's not really rent control though, since the rent still rises higher than inflation (eg if inflation is 3%, the rent can still go up as much as 8%).