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It shows that "no rent control" basically means "your landlord can throw you out at any time without notice" by raising rent to a ludicrous amount. It completely undermines all other tenant protections. Even conservatives should be supporting at least modest rent controls to prevent cases like this.
Most conservatives are middle class small business owners and landlords, this is why they are always supportive of "small government" it's just a dog whistle for unregulated market.
I saw a documentary that spoke to some Twump (sic) supporters who lived in a shithole building that they didn't realize was owned by the Kushners. I can't recall anything else about it that might help identify it.
Same thing is happening to me right now (UK). LL inherited a portfolio of mortgage-free properties a few years back, immediately jacked the rent up on them all. I tried to haggle what imo was an egregious rent increase (notified middle of the year after asking for a minor repair), we agreed on a price then he served me notice to quit; via the letting agent, not a peep or thanks from the LL after I've put ~£90000 into his familys' accounts over 13 yrs.
Of course, I can pay someone elses mortgage, but when I apply to a bank for one myself, I can't afford it.
I can pay someone elses mortgage, but when I apply to a bank for one myself, I can’t afford it.
But when you can't afford it any longer, the landlord is free to replace you with someone who temporarily can. That's the difference!
Here in Norway ut is illegal to raise rent more than once a year and maximum by the current consumer price index. If the rent isn't raised a year you don't get to raise for that years CPI.
There is a similar rule in Ontario, but it doesn’t apply to buildings built after 2018.
This exemption was put in place as an incentive for more rental units to be put on the market (or to enrich developers and landholders, depending on your political stance).
This used to exist in Ontario but the Conservatives removed it for anything built or renovated after 2018. Canadians need to learn to never vote Conservative.
It doesn't really help the case that they show a picture a sky line dream apartment, but still that price is ridiculous and obviously there to drive them out.
Fuck Canada, more than half of Canadian politicians are fucking landlords and this is why they allow these abusive and scummy laws to stay, no rent protection, fuck this country.
Does that mean the landlord has to charge the next tennant that rate, or was that a special rate just for them? Can they charge different rents fir different people based on whether they like the tennant?
I was wondering thia too. Without control, they can probably just lower it again once the tenants leave.
When escalation of this magnitude is your solution, you shouldn't be surprised when your clients respond with violence.
Exactly the same problem in Québec, buildings 5 years or less have no law nor rent control, so it's free for all for the landlord to raise a rent from 1500$ to 4000$ as he wants.