Just how high can rent be increased?!?
Original post made by mmmmMom, Downtown North, on Jan 30, 2013
This year they have raised the rent $720.00!!!!! Yes, that is a per month increase. I am a single parent & in no way can afford that.
Does anyone know if that kind of an increase is legal? I was hoping they would wait for just 1 more year, when my last kid graduates from Paly. But no...... Absolutely no consideration for our years as great tenants. Let alone my financial situation.
And in case anyone is wondering: Yes, I have been on the Palo Alto BMR waiting list to buy a condo for almost the entire time. If you have not been paying attention to the papers, the only new housing available is for VERY LOW income families; minimum wage only. There has been almost nothing for the working low-middle, upper-low income groups.
Thanks, in advance.