this post was submitted on 09 Oct 2023
533 points (96.3% liked)
People Twitter
5189 readers
2221 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a tweet or similar
- No bullying or international politcs
- Be excellent to each other.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm not sure why some places require 5x rent in income it is wildly excessive. My personal theory (based on hunches only I have found no evidence for this) is they want to only attract tenants who are less likely to leave after a year or two of 10% rent increases. They may also be trying to push gentrification by making sure only well off people enter a neighborhood, fuelling the need for more "luxury" apartments to be built and perpetuating their industry. Idk, they're pretty tight lipped about the reasoning if someone has more insight into their motives I would love to know