'Absurd' rent increase means renter would owe 5 times more

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Published 2022-03-10
You know if you're a renter in Arizona, it is not a good time to renew a lease. Rates are up almost everywhere -- and not just by a small amount.

All Comments (21)
  • @Omari1125
    The only thing I'm spending $7500 a month on is a 20 bedroom mansion.
  • @Bad_Chad
    Those cowards couldn’t even tell her face to face, they had to post it on her door.
  • @rumham1102
    Even the three times the rent requirements to move into these places is nowadays absurd!! You'd have to make over $30-35 dollars an hour to get an apt these days!
  • @maxsharp1110
    I don't know why anyone would turn away a consistently paying renter. That is guaranteed income.
  • @cheaserceaser
    My rent increased to $1500 for 300 square feet apartment. I bought a new 3500 square feet house instead for not much more in monthly rent.
  • @thatoneguy94512
    "It's not about the money, it's about treating people right"... that unfortunately is that ladies downfall, she's thinking logically and with compassion... In today's America it's only about the money, everything else doesn't matter. The sooner people understand this the easy life gets
  • @bkinouye
    A 30-day stay at an Extended Stay America in the Phoenix area is around $2500. If she can move her stuff into storage, that would be a cheaper option. Also consider corporate housing which typically offer short-term leases.
  • @leschurchill804
    The first mistake she made was tell them that she was having a house built. You tell people what you are doing and/or going to do. That pissed them off. Thus, they played the revenge card, instead of wishing her well. Some people just can't see people move forward. Ms. L. Churchill
  • @purdy6234
    There are no “rich” renters. The scam is getting average earning renters in on a “special” which just so happens to be “affordable” in the beginning (let’s say monthly rent $1,500 and to qualify is 3 x gross monthly income which would be $4,500). The trick is they advertise lower monthly rent upfront (i.e., $1,500 which seems too good to be true) and then, you may get a “move in special” (i.e., 1st month free), to entice a naive renter who believes if they sign a long term lease 12-15 months, the property management or landlord will reward you with no rate increase at the end of the lease or very little increase - WRONG! Then BOOM, you’re hit with a 15-50% increase renewal rate, forcing you to pay up to keep the rental or move out. WASH, RINSE, REPEAT with the new unsuspecting victim. The landlord doesn’t care if it’s you or someone else, they make money either way with the new increased renewal rate or a new renter who will fall for the same Okie Doke🤡once you move out🤦🏾‍♀️.
  • @sweets6865
    This is the new America the days of affordably are long gone.
  • @BuckBosley
    I'm sure she could rent a hotel for less than that
  • @MegTelevised
    I can’t believe someone put that into Microsoft Excel, printed it out, and delivered it.
  • @BoostieSRT
    7400 in Gilbert!?!? They smoking crack I rent out my Anaheim, CA condo for 2k month to month
  • @sbrecke1507
    this is happening all over, there should have been a cap in place on rent increases, this is criminal
  • @dtr579
    Times have drastically changed since the days when I use to rent apartments thru the late 80's and 90's. My first apartment rent was $240 a Month and I lived downtown Cincinnati. The most I ever paid for a luxury apartment, which was my last apartment before I bought my first home in 1998, was 500 a Month. They would only increase your rent in year 2 by $10 dollars a Month and the same in year 3. I'm astounded how they are increasing rent by $300, $400, $600 a Month. Who in the hell can afford an impact shock like that. I'm glad to be a homeowner, but even that is becoming increasingly hard to achieve for people today because houses are skyrocketing in prices and you have to have $50K - $100K for a down-payment. I just bought a newer house in January and had to put down $60,000 dollars. Ridiculous!
  • @chrismcgill
    flat out would've just broken the lease and left
  • Boy am I happy I moved out of California to Georgia in 1989. Are three bedroom two bathroom house here in a suburb of Atlanta our payment per month including insurance and property tax was about $750 a month. That was 20 years ago we now have the property paid off. No mortgage no rent!! Praise God.
  • @Tikolico
    This is the new normal, and it's only the beginning, it's going to get a lot worse before it gets any better, heck, I'm thinking of buying an old RV and living in it, I can pay the current rent prices but it still feels like robbery... I'm not even thinking about buying a house any more, Phoenix is not California by any stretch of the word, it's hellishly hot here, it's not a nice city, there's no beach here, it's not a tourist attraction, it's not even visually appealing in any way, the only reason I ever put up with this desert was because the cost of living used to be low, my goal now is to move out of here, go somewhere green, colder, smaller.
  • Feel so lucky to have had my rent only go up $50 this year. Only paying $975 a month for a two bedroom in Arcadia. My kitchen and bathroom might not be that fancy, but it's affordable and in a great location.