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Any trend in 2009 maintenance increases

Started by streetview
almost 17 years ago
Posts: 331
Member since: Apr 2008
Discussion about
I hear % increases from 2 to 18%. Some buildings locked in high fuel oil costs last summer and fall for this winter, thus their 2009 budgets don't benefit from the lower fuel oil costs. 2009 economy should cause more focus on the monthly maintenance component along with pricing of apartments.
Response by waverly
almost 17 years ago
Posts: 1638
Member since: Jul 2008

Our building had an 8% increase in 2008 and no increases for 3 years prior to this. I do no think any ibcrease is planned for 2009. The property taxes are supposed to be about a 7% increase I think, but I could be wrong on that number.

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Response by alpine292
almost 17 years ago
Posts: 2771
Member since: Jun 2008

Yes, taxes are going up 7%. That's right.

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Response by NWT
almost 17 years ago
Posts: 6643
Member since: Sep 2008

Ours is going up 6.5%, but no more fuel surcharge, so it'll be pretty much a wash.

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Response by streetview
almost 17 years ago
Posts: 331
Member since: Apr 2008

With rents coming down and the propensity for some buyers to consider rent=monthly maintenance, there'll be some who will shy away from buying and apartment.

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