this post was submitted on 10 Jan 2025
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Late Stage Capitalism
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I've been looking for a new apartment the last three months. After Jan 1st all of them owned by a rentail company raised thier asking price.
Annual price increase is 35%. Who tf gets a 35% raise every year?
It's the corpo landlords causing the problem. My private landlord never did any of that.
California, where the apt is, limits rent increases to 5% plus the annual increase in the consumer price index (inflation)
5% plus inflation is still triple the typical inflation 😟