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Rent increase vs. income flat

Started by hoodia
almost 13 years ago
Posts: 154
Member since: Jun 2009
Discussion about
My little cousin in Chicago mentioned her rent increase but said that her income hasn't gone up since the last renewal. What do the landlords do in that case if when you signed up you were at the 40x rent but now you are below that? What if you want to move, do you have to downgrade because the rental market has increased?
Response by Parker1205
almost 13 years ago
Posts: 66
Member since: Jan 2012

What landlord asks for your salary after you are already in the building? I've never been asked on any renewal what I make now. If they knew that I'm sure they'd look to jack it up a bit more since 'I can afford it.'

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Response by gcondo
almost 13 years ago
Posts: 1111
Member since: Feb 2009

assuming this a rent-stabilized situation, or what does 40x have to do with it? I have an idea - rent something cheaper?

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Response by sammy300
almost 13 years ago
Posts: 208
Member since: Mar 2012

"What if you want to move, do you have to downgrade because the rental market has increased?"

-YES

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Response by Sonya_D
almost 13 years ago
Posts: 547
Member since: Jan 2013

hoodia-
I believe the answer you are looking for is: the 40x rule that many landlords have generally only applies to one becoming a new tenant (signing a vacancy lease, not a renewal lease).

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Response by jim_hones10
almost 13 years ago
Posts: 3413
Member since: Jan 2010

hoodia
about 2 hours ago
Posts: 103
Member since: Jun 2009
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My little cousin in Chicago mentioned her rent increase but said that her income hasn't gone up since the last renewal. What do the landlords do in that case if when you signed up you were at the 40x rent but now you are below that?

What if you want to move, do you have to downgrade because the rental market has increased?

what is with the stupid, hypothetical, pointless questions puta?

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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012

>What if you want to move, do you have to downgrade because the rental market has increased?

Jim, maybe you could help out? For a fee of course.

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Response by Sonya_D
almost 13 years ago
Posts: 547
Member since: Jan 2013

what is with the answering a question with another stupid, pointless question?

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Response by alanhart
almost 13 years ago
Posts: 12397
Member since: Feb 2007

no_cojones is just running scared .... flat income, putawife got knocked up by a client again and didn't fess up until too late, can't move to a bigger Yorkville studio to fit one more in. So sad, too bad.

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Response by jim_hones10
almost 13 years ago
Posts: 3413
Member since: Jan 2010

alanhart
about 14 hours ago
Posts: 10835
Member since: Feb 2007
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no_cojones is just running scared .... flat income, putawife got knocked up by a client again and didn't fess up until too late, can't move to a bigger Yorkville studio to fit one more in. So sad, too bad.

not much that I can think of lower than using an internet forum to attack the wife and children of a person you have never met. you, greensdale, both losers.

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Response by yikes
almost 13 years ago
Posts: 1016
Member since: Mar 2012

how bout we attack your gucci loafer and oliver peoples that we ceased hearing of a few years back? on to new fashion products? brioni now? or maybe old navy?

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Response by 300_mercer
almost 13 years ago
Posts: 10577
Member since: Feb 2007

Hoodia, referring to your previous posts, what rent increase did you end p accepting or did you move? How much per sq ft in monthly rent?

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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012

>not much that I can think of lower than using an internet forum to attack the wife and children of a person you have never met. you, greensdale, both losers.

Jim, she's only your wife of convenience based on the facts you've told us. You get a free housekeeper and I guess sex at least once to produce the baby (or are you actually the father - is the baby able to turn a key?), she gets to have a convenient cover story for the INS and will stay with you long enough for the story to be viable.

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Response by jim_hones10
almost 13 years ago
Posts: 3413
Member since: Jan 2010

how is fucking your own toothless mother on your basement sofa cunterberg?

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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012

>how is fucking your own toothless mother on your basement sofa cunterberg?

Jim, I've never talked about my mother or my sofa or basement.
Your "wife" on the other hand, you've said plenty about. By the way, does she also do offices?

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Response by alanhart
almost 13 years ago
Posts: 12397
Member since: Feb 2007

orifices?

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Response by NYCMatt
almost 13 years ago
Posts: 7523
Member since: May 2009

"What if you want to move, do you have to downgrade because the rental market has increased?"

Um, clearly yes. Duh.

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Response by jim_hones10
almost 13 years ago
Posts: 3413
Member since: Jan 2010

NYCMatt
3 minutes ago
Posts: 6670
Member since: May 2009
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"What if you want to move, do you have to downgrade because the rental market has increased?"

Um, clearly yes. Duh.

she is a silly useless twat, no?

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Response by Triple_Zero
almost 13 years ago
Posts: 516
Member since: Apr 2012

Matt, you'd boot somebody because the rental market went up and their income didn't?

If all boards were like yours, what would elderly people living off their savings do?

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Response by hoodia
almost 13 years ago
Posts: 154
Member since: Jun 2009

Matt + Jim, what is your problem with women?
This seems like a natural question in a market where rents are outpacing incomes.

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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012

Matt isn't into women and Jim is only into submissive women- He married his maid.

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Response by NYCMatt
almost 13 years ago
Posts: 7523
Member since: May 2009

"If all boards were like yours, what would elderly people living off their savings do?"

Part of retirement planning involves allowing for meeting household expenses during retirement. If you cannot afford the rent, you have to move. It's as simple as that.

*****

"This seems like a natural question in a market where rents are outpacing incomes."

And the natural answer is always rent what you can afford, or make more money.

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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012

>And the natural answer is always rent what you can afford, or make more money.

What if you are making the same money but your 8 union dues go up?

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Response by Triple_Zero
almost 13 years ago
Posts: 516
Member since: Apr 2012

"Part of retirement planning involves allowing for meeting household expenses during retirement. If you cannot afford the rent, you have to move. It's as simple as that."

But this hypothetical person *can* meet their household expenses. They just don't have *income* of 40x their rent. One can meet expenses by spending savings, particularly late in life. One cannot just choose to make more money, particularly late in life.

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Response by NYCMatt
almost 13 years ago
Posts: 7523
Member since: May 2009

"One cannot just choose to make more money, particularly late in life."

This is why God invented Florida.

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Response by jim_hones10
almost 13 years ago
Posts: 3413
Member since: Jan 2010

hoodia
about 2 hours ago
Posts: 104
Member since: Jun 2009
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Matt + Jim, what is your problem with women?
This seems like a natural question in a market where rents are outpacing incomes.

i have no problem with women. i do have a problem with intellectually boring and useless questions. which is all you ever post here.

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