People stunned after a man was asked for $12,000 before moving into a rental property
The United States is experiencing a rise in rents across the country, making it difficult for citizens to acquire housing. Some places are increasing the rent by hundreds of dollars as the Covid eviction prohibition is coming to an end, reports God Daily Dot. According to a report by The Guardian, some cities are seeing an average price hike of up to 40% which has only been increasing further. Jeong Park, a journalist, shared his experience with the rent hikes in a viral tweet. He was looking for a place in Los Angeles and the management company sent him an email with surprising conditions before he moved in.
They wrote in the email, "6 Months due upon move-in. The unit does have a 1-month free special, so it would be 5 months’ worth of rent that will cover you for 6 months. A security deposit of $3100. In total, this would come out to $11,575 to move in." The email further said, "We understand this is a lot, unfortunately, we don’t have a say in management’s approval.” Twitter users were shocked by the amount of money Park was asked to pay just to move into the property. In an update, he shared, "Obviously, I'm not renting this place, but I just put in a security deposit for a studio apartment south of KTown for $1,600 a month (and it comes with dishwasher and in-unit washer/dryer, which is nice). Glad to finally get off this wild ride."
Twitter users replied to this tweet with their own experiences related to unreasonable rent hikes. Here are 10 tweets that further highlight this situation in the country.
It's been happening in La. We looked for about 6 months spent hundreds on app fees only to be asked to make 3x the rent and pay a deposit of 3x rent. Who the fuck is walking around with 12k plus moving expenses and shit. How are they renting places. It's maddening!!!
— Wyld Chyld Yoga (@WyldChyldYoga) March 16, 2022
one stated,
This place sounds really nice, including the chef's kitchen and fruit trees....but $12,000 is sooo freakin much!
— Rayah Jaymes (@RayahJaymes) March 17, 2022
One user asserted,
I’m a landlord (7 units) in a big NE city. I keep my rents at 5% below market rate, charge one month’s security and one month’s advance rent which is credited back at the end of the lease. I was flexible during Covid. Know what I get? Great, long-term tenants. Greed is bad biz.
— Ivor Mectin, Esq. (@chathamdad) March 16, 2022
The common response to a renter who has just had his rent increased—
— Dolorous Ed 🇺🇦 ✊🏻 (@dolorous_ed) March 16, 2022
Renter: Why did my rent go up $500/month? What changed?
Landlord: The market changed. Now I can change $500 more each month
Then this one concluded that,
It's time to start aggressively fining units that remain vacant for more than 3 months in this housing market. The market is not magically meeting housing demand. "Landlord" should be viewed as a career in public service and not just a financial investment in max rent extraction
— Joe Campbell (@surfingeek) March 16, 2022