Help understanding this Meter

[crazyea]

This is why landlords need to up the rent every year or two so they don't need to come to tenants saying can I up your rent by a lot of money for fucks sakes, I had to fight with my old landlord to put my rent up cause he never did, when I moved out the rent on my apt went up almost $700 a month cause that is what it should be for the size and location of that apt.

my land lord raise my rent every year except the 0% increase covid years.

 

[gingerbee]

Then WTF is the problem, Oh wait so he fucked up his own finances and thinks his tenants should pay for that ??? is that whats happening here or do you think that's whats happening

 

[moocow]

Max rent increase is 1.5% for 2022 in BC. They are basically trying to get crazyea to sign an agreement because that's the only way they can legally do it. 1.5% is way below the inflation of 4% everyone is facing.

Standard Rent Increase

How do I complete a Notice of Rent Increase for a residential tenancy? Information for landlords about completing the standard notice of rent increase.

www2.gov.bc.ca

Additional Rent Increase

A landlord must have either the tenant's written agreement or an order from the Residential Tenancy Branch to raise the rent above the permitted amount.

www2.gov.bc.ca

 

[crazyea]

Then WTF is the problem, Oh wait so he fucked up his own finances and thinks his tenants should pay for that ??? is that whats happening here or do you think that's whats happening

My landlord only cares about money. Period. So he looks in the classifieds and sees what rents are going for these days so he gets a harsh FOMO. So he starts saying over the past year or two that I'm under market value, wah wah wah. Now he's thinking its time to get out due to expenses but he barely put any money in for upkeep during my 17 year tenancy. He doesn't give a crap that we paid for 17 years with no issues. He wants his money. Through me or interest from the bank. In his eyes my history as a reliable tenant is a detriment due to the limited increases he can do and that he isn't getting his because of it.

But I also know that if he sells, then I may need to move, and my costs will go up quite a bit. I do understand that the market is quite a bit higher, but I am also pissed because I feel that we should be appreciated not treated like crap because he's limited on his income because of us.

My wife says tell him go f himself, but at the same time I'm trying to be rational about it.

 

[Shadowarez]

As are we with the current situation the previous owner of this place have a massive 4 story house about 40ft from our place he was always on point with anything when I noticed the there was no heat like there normally was in the garage I figured that was just way it was in the winter at -45c outside but apparently it want supposed to be a chilly walk on freezer lol.

The furnace went out and the infloor heating siezed he got the furnace replaced and lines flushed within 24 hrs on a Sunday.

The new owner hasn't given us a copy of the signed lease. Has gone into our home without any notice until after the fact. And brought a "Elecetrian" with no documentation during Covid, and made assumption that my Giant rig which hasn't been on in 4 days since he seem it as the culprit.

I'm hoping we can come to a satisfactory agreement as I love this place even though it may cost the price of a car every month.

 

[draemn]

I was pretty shocked with the cost of living up in Inuvik. Average place to rent is $1,800-2,000 if you aren't on the government housing program and utilities end up being around $700-1,200 a month over the average of a year. It seems there is almost nowhere left in Canada that's affordable. I've even heard out east has become quite expensive.

 

[Shadowarez]

It's really insane as a faculty meter can really be a gut punch out here as this one has to be. If you don't work for the govt and make $45 hr 105 on OT it's nearly impossible to afford a place by yourself.

 

[moocow]

he gets a harsh FOMO

I wouldn't say FOMO, from a business perspective, that's Opportunity Cost of renting the unit to you. From a pure capitalist view, owning a rental property is just business and it's bad business to not able to hike rent or boot you out to get market rate. The government keep saying they are addressing the problem yet they don't want to be a market player like Singapore or other northern European country.

I've even heard out east has become quite expensive.

I think that's due to two things. One being people that's perma work from home can afford to move out to cheaper market. Two, people buying places as investment. I mean there are people buying places in Prince George but don't have any roots up there.

 

[crazyea]

I wouldn't say FOMO, from a business perspective, that's Opportunity Cost of renting the unit to you. From a pure capitalist view, owning a rental property is just business and it's bad business to not able to hike rent or boot you out to get market rate. The government keep saying they are addressing the problem yet they don't want to be a market player like Singapore or other northern European country.

I think that's due to two things. One being people that's perma work from home can afford to move out to cheaper market. Two, people buying places as investment. I mean there are people buying places in Prince George but don't have any roots up there.

Trust me, if there’s a penny in the street and he can’t get to it, he’s certainly fearing that he’s missing out on it. lol

 

[clshades]

My landlord only cares about money. Period. So he looks in the classifieds and sees what rents are going for these days so he gets a harsh FOMO. So he starts saying over the past year or two that I'm under market value, wah wah wah. Now he's thinking its time to get out due to expenses but he barely put any money in for upkeep during my 17 year tenancy. He doesn't give a crap that we paid for 17 years with no issues. He wants his money. Through me or interest from the bank. In his eyes my history as a reliable tenant is a detriment due to the limited increases he can do and that he isn't getting his because of it.

But I also know that if he sells, then I may need to move, and my costs will go up quite a bit. I do understand that the market is quite a bit higher, but I am also pissed because I feel that we should be appreciated not treated like crap because he's limited on his income because of us.

My wife says tell him go f himself, but at the same time I'm trying to be rational about it.

I would appreciate you as my tenant. 17 years is a nearly paid off mortgage.... he has nothing to cry about.