Comment Detail

Comment

Issues posted concern rate hikes. No property owner enjoys rate hikes rather the stae of a poor economy due to high interest rates to cover, increased cost of insurance to cover, increased taxation to cover, increased service and repair costs all dictate rates nothing is just randomly pulled from the air. All tenants have the ability to accept or refuse rent levels when signing leases. Many leases rent rates couldn't even keep pace with inflation. With a modicum of knowledge anyone can see the issues. Moreover, it makes things more difficult for the individual having one or two properties. Devalues the business worth and diminishes income potential so that individual property owners are more vulnerable to outright failure and forced to sell cheap to large investment groups. I think that's horrible prospect for tenants. As well as fewer dollars to put back into property for upkeep, again bad for tenants. Rate hikes are solely bases on economic formulas and as long as US leadership continues to wreck the economy, we will continue with this challenge. Lastly, landlords often lose money after tenants damage property. Usually stemming from the notion they are "owed" something or incredibly poor behaviors. Bith of which help relegate oneself to a forever renter and never owner an owner. Much of this tenant rights will have horrible unintended consequences and is propagated by individuals greed and envy and not that of property owners. We all have the ability, as I and many others have, to better observes and move out of rentership. Never forget that many choose to always rent which is fine and seves their purpose but rent cost will always be subject to the economics at the hand of inflation, suppl and demand.