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In response to "8% for occupied apartments? That seems really high." by Krusty

college town -- nm

Posted by decline (aka Decline) Feb 27 '13, 07:53

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Responses:

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

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