undefined | Better HN

0 pointsgruez1y ago0 comments

> I have to say your comment comes off as condescending to me. For many people $100 may be the difference between being able to afford a home and being homeless.

The implication that $100 isn't a lot of money comes from your original comment, not me. After all, the thesis in your original comment was that the landlord risked a bunch of reliable tenants for a small rent increase. It wouldn't have made sense otherwise (eg. the landlord risking the current tenants for a chance of $500 rent increase).

0 comments

Gabriel541y ago

Now I see the source of confusion. I think $100 from the perspective of a tenant may be quite a lot (as mentioned a 12.5% increase). However as you said my thesis is from a landlord's perspective $100 is insignificant with all things considered. If even one unit were empty for two months, that would be an annual loss greater than the extra money they would make from the previous tenants. Also in our case they already have had a unit empty for over six months now which further baffles me.

Jensson1y ago

> However as you said my thesis is from a landlord's perspective $100 is insignificant with all things considered

$100 is often way more significant for the landlord than for you, for you it is a $12.5% increase, for the landlord after his expenses it could easily be 100% increase in their profits. The landlord could have a massive loan, and with increasing interest they needs higher rent to pay that, then there isn't much else they can do than increase rent.

schmidtleonard1y ago

This is why it is important to draw a box around capital interests and analyze them together when considering policy, otherwise the landlord, bank, and previous owner just point at each other and say "the real problem is over there." Or they raise the possibility as a hypothetical, if they know it isn't true in their case.

bastage1y ago

Thankfully I'm sure the very smart landowner has already considered that and built it into their business plan.

Jensson1y ago

Why do you expect the landlords to be smarter than anyone else? When things are bad for the landlord things become bad for the tenants, it is only natural, look up the situation of the landlord before you rent if you want to avoid this.

1 more reply

j / k navigate · click thread line to collapse

0 comments

Gabriel541y ago

Jensson1y ago

> However as you said my thesis is from a landlord's perspective $100 is insignificant with all things considered

schmidtleonard1y ago

bastage1y ago

Thankfully I'm sure the very smart landowner has already considered that and built it into their business plan.

Jensson1y ago

1 more reply

j / k navigate · click thread line to collapse