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in this town, rents go up an average of 8% per year. I have been in my apartment since december of 2010. my rent has gone up less than 1% in that time

Posted by amanda Feb 27 '13, 07:47

I am the luckiest renter in state college.

Responses:

i think landlords raise rates more when renting out an empty unit, good tenants get less than market raises because the owner wants them to stay - ceregon Feb 27, 08:08 3
- this is partially true: in this town, rents typically go up slightly less for renewers. how good you are has nothing to do with it. -- nm - amanda Feb 27, 08:14 1
  - Renewals are *money*. -- nm - Spawn Feb 27, 08:16
- No down time, no refurbs, no utilities, no hassle. -- nm - Spawn Feb 27, 08:13
and free chicken -- nm - Dano Feb 27, 07:57
neither my last place nor this place I'm in now have increased while I lived there -- nm - decline Feb 27, 07:54
8% for occupied apartments? That seems really high. - Krusty Feb 27, 07:51 19
- university town. my apartment, when I was in school in 2009, was $705 per month. it's $898 now *and* heat, which used to be included is no longer. - amanda Feb 27, 07:55 2
  - Sheesh. That is way too high. The vast majority of people don't see their income keep up with that kind of increase. - Krusty Feb 27, 07:59 1
    - see below. the university, which is the biggest employer in town, had no salary increase in - amanda Feb 27, 08:03
- college town -- nm - decline Feb 27, 07:53 12
  - As I said below, we are college, but every year there are hundreds more rental units. -- nm - Spawn Feb 27, 08:01 5
    - we're actually getting 2500ish more beds in the next nine months. these units are bus-distance to town, though -- - amanda Feb 27, 08:05 3
      - I am not exagerating when I say the last 12-15 years there have been no less than 200 units added each and every year. - Spawn Feb 27, 08:09 2
        
        here, read this - amanda Feb 27, 08:12 1
        
        Yeah, that looks like here. Now multiply that over 25 years, and you have it. - Spawn Feb 27, 08:15
    - I doubt there is very much development going on there -- nm - decline Feb 27, 08:04
  - Why would that matter? Can college kids afford that kind of a raise? Seems like they would have a lot of turnover with those raises. - Krusty Feb 27, 07:55 5
    - College towns would have a lot of turnover anyway. -- nm - Roger More Feb 27, 08:11
    - because there is no rent control and landlords know they have students by the short hairs -- nm - decline Feb 27, 07:56 2
      - and its not like you can commute. State College is in the middle of nowhere -- nm - decline Feb 27, 07:57 1
        
        patryk's rent goes up 5.5% for early sign per year (if you renew by 2/28, you get a discount), but his salary has effectively not changed in 4 years. - amanda Feb 27, 08:02
    - where else are they going to live? all rents go up that much. -- nm - amanda Feb 27, 07:55
- Radically high, in fact. -- nm - Spawn Feb 27, 07:52 2
  - You'd have to apply for permission to raise it that much here. -- nm - zork Feb 27, 07:53 1
    - We have so many new units being built every year, the city does well to not *drop* rates. - Spawn Feb 27, 08:00

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in this town, rents go up an average of 8% per year. I have been in my apartment since december of 2010. my rent has gone up less than 1% in that time

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