Monday, January 25, 2016

Bay Area rent goes up

I am still not sure which side should I take after reading Bay Area rentals
article. From one side I feel the pain of hard working renter when landlord raise the rent

Last summer, the Fisches were renting a two-bedroom apartment in Mountain View for $2,575 a month ... But stress set in when their landlords asked them to sign a new one-year lease in September at $3,600 a month, or to go month-to-month at a whopping $6,566.

On the other side the landlord did not get the rental unit for free from the government and invested the own money in the property

a tech manager who bought a condo as a rental property for $340,000 in 2003, was in the red for more than a decade

It’s all about supply and demand.

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