This person should be grateful they were able to live in a place in such high demand so cheaply due to unfair rent control laws. If a 4x increase in rent is bearable by the market then it's not a sign of landlord greed, it's a sign of a broken system. I'm sure if this person was offered the opportunity to make an extra 5k a month with little to no change in effort on their part they would do so and be offended if people labelled them as "greedy." I support some form of rent control but if you are in a situation where there is that large of a gap between market rates and tenant rent then things are fucked -- you are basically creating a privileged class: those who managed to lock up rent controlled space as tenants.
> If a 4x increase in rent is bearable by the market then it's not a sign of landlord greed, it's a sign of a broken system.
It's not bearable by the market. $2145 is low but market rate is nowhere near $8900 for a place like this; not even half that. This is clearly an attempt to force the tenant out with an inflated rate.
I'm not going to comment on either sides rights here but this rate is not simply "what the market will bear".
Fair point, I was under the assumption this was similar to situation in some parts of NYC where rent control results in huge gap between market and tenant rate.
> If a 4x increase in rent is bearable by the market... it's a sign of a broken system
This person thinks the rent increase wouldn't actually be borne by the market. Maybe the landlord has no actual expectation of making that much, and setting the price so high is just to get rid of this renter. Whether that's an OK tactic is debatable I guess, but legal trickery around zoning laws and lying about prices sound like signs of a broken system too.
