Inllation capped rent 25%
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Inllation capped rent 25% (by W [CA]) Dec 18, 2023 5:17 PM
       Inllation capped rent 25% (by NE [PA]) Dec 18, 2023 5:38 PM
       Inllation capped rent 25% (by tim [CA]) Dec 18, 2023 7:07 PM
       Inllation capped rent 25% (by MikeA [TX]) Dec 18, 2023 10:27 PM
       Inllation capped rent 25% (by Ray-N-Pa [PA]) Dec 19, 2023 5:52 AM
       Inllation capped rent 25% (by Phil [OR]) Dec 19, 2023 9:03 AM
       Inllation capped rent 25% (by zero [IN]) Dec 19, 2023 10:00 AM
       Inllation capped rent 25% (by Moshe [CA]) Dec 19, 2023 11:37 AM
       Inllation capped rent 25% (by Phil [OR]) Dec 19, 2023 6:44 PM
       Inllation capped rent 25% (by Dodge [PA]) Dec 19, 2023 8:20 PM
       Inllation capped rent 25% (by NE [PA]) Dec 19, 2023 8:40 PM
       Inllation capped rent 25% (by Moshe [CA]) Dec 19, 2023 11:57 PM
       Inllation capped rent 25% (by Moshe [CA]) Dec 20, 2023 12:01 AM
       Inllation capped rent 25% (by Dodge [PA]) Dec 20, 2023 7:47 AM
       Inllation capped rent 25% (by NE [PA]) Dec 20, 2023 8:26 AM
       Inllation capped rent 25% (by NE [PA]) Dec 20, 2023 8:32 AM
       Inllation capped rent 25% (by NE [PA]) Dec 20, 2023 8:33 AM
       Inllation capped rent 25% (by NE [PA]) Dec 20, 2023 8:39 AM
       Inllation capped rent 25% (by NE [PA]) Dec 20, 2023 8:50 AM
       Inllation capped rent 25% (by 6x6 [TN]) Dec 20, 2023 10:29 AM
       Inllation capped rent 25% (by zero [IN]) Dec 20, 2023 10:33 AM
       Inllation capped rent 25% (by NE [PA]) Dec 20, 2023 10:46 AM
       Inllation capped rent 25% (by NE [PA]) Dec 20, 2023 10:47 AM
       Inllation capped rent 25% (by Dodge [PA]) Dec 20, 2023 11:18 AM
       Inllation capped rent 25% (by NE [PA]) Dec 20, 2023 11:24 AM
       Inllation capped rent 25% (by 6x6 [TN]) Dec 20, 2023 12:28 PM
       Inllation capped rent 25% (by NE [PA]) Dec 20, 2023 12:51 PM
       Inllation capped rent 25% (by pete [OR]) Dec 20, 2023 3:53 PM
       Inllation capped rent 25% (by 6x6 [TN]) Dec 20, 2023 7:18 PM
       Inllation capped rent 25% (by Libi [NY]) Dec 23, 2023 7:58 PM
       Inllation capped rent 25% (by Ken [NY]) Dec 24, 2023 11:34 PM


Inllation capped rent 25% (by W [CA]) Posted on: Dec 18, 2023 5:17 PM
Message:

Coming soon to a state near you? Rent Increases Capped at 25% per year

Inflation Forces Head Of Turkish Central Bank To Move Back In With Her Parents - Zerohedge dot com

. . . The untenable housing market in Istanbul comes after the Turkish Central bank decided to implement a price cap limiting rent increases to a maximum of 25% until July 2024. Before initially going into effect in May 2022, rental prices in Turkey had risen 101% YoY compared to 2021. That price control does little to convey the reality of housing in Turkey. Soaring costs have driven property prices sky high for homeowners and landlords. Eviction cases have risen by 47% in the country the last two years. According to the Turkish Statistical Institute, housing sales in June 2023 dropped by 44.4% compared to 2022. That decline is due to a rising property costs that have seen housing prices rise 16.5% in Istanbul from January to May 2023 alone.

--68.7.xx.xxx




Inllation capped rent 25% (by NE [PA]) Posted on: Dec 18, 2023 5:38 PM
Message:

Donít care much about national trends, certainly donít care about Turkey. Focus local. --174.198.xx.xxx




Inllation capped rent 25% (by tim [CA]) Posted on: Dec 18, 2023 7:07 PM
Message:

Turkey? Who cares? --108.201.xx.xx




Inllation capped rent 25% (by MikeA [TX]) Posted on: Dec 18, 2023 10:27 PM
Message:

What do you expect, inflation rates of 70%+ per year for a few years now. Nothing except real assets will be worth anything with those rates. Venezuela has 400% and Argentina 150%. The common theme across all 3 is corruption in government, particularly using public money to buy votes and overspending. Our two parties seem to be learning their bad behaviors, how long until we join them. --209.205.xxx.xx




Inllation capped rent 25% (by Ray-N-Pa [PA]) Posted on: Dec 19, 2023 5:52 AM
Message:

Why would you need to raise rent by that much if you were doing your job correctly before? --24.101.xxx.xxx




Inllation capped rent 25% (by Phil [OR]) Posted on: Dec 19, 2023 9:03 AM
Message:

We had a state wide rent cap that went into effect several years ago. Forced me to look at where our rents were BEFORE the law went into effect. Brought them all up to market rate before, and have a yearly increase now so as not to fall behind.

Making more $ now as it made me pay attention to where the rents SHOULD be. --76.138.xxx.xxx




Inllation capped rent 25% (by zero [IN]) Posted on: Dec 19, 2023 10:00 AM
Message:

Another law that didn't help at all. --107.147.xx.xxx




Inllation capped rent 25% (by Moshe [CA]) Posted on: Dec 19, 2023 11:37 AM
Message:

No one here seems to understand anything about international finance.

The factors here are ones that do not affect the United States, at least not now. So, we Americans are, as usual, absolutely ignorant about their consequences. The stability of the US dollar, at present, prevents us from understanding whats going on in Turkey.

One US Dollar bought 19 cents of Turkish Lira in 2019. Never mind how much things costed. In 2020, 1 USD bought 17 cents, 2021 got you 13 cents, 2022 brought about 7 cents, beginning of 2023 fetched 5 cents, and now at end of 2023, USDs are selling for about 3 cents. Thats on the official market. I imagine that dollars are worth even more on the black market.

So, thats roughly about 25% reduction in the value of local money each year. Inflation must be running wild. If housing is in short supply, that would for sure justify a 25% annual restriction on rent increases.

So, be thankful that America's problems are so shallow in comparison, and it SHOULD make everyone want to be sure to want to keep America free from such problems.

--47.139.x.xxx




Inllation capped rent 25% (by Phil [OR]) Posted on: Dec 19, 2023 6:44 PM
Message:

Moshe

I think you have it off just a little:

2019 1 turkish LIra cost $0.17

2021 1 Lira = $0.13

today 1 Lira = $0.03

Value of the Lira is going down

May be semantics..... --76.138.xxx.xxx




Inllation capped rent 25% (by Dodge [PA]) Posted on: Dec 19, 2023 8:20 PM
Message:

Does anyone here think the USA will never see prolonged inflation? --98.235.xxx.xxx




Inllation capped rent 25% (by NE [PA]) Posted on: Dec 19, 2023 8:40 PM
Message:

Weíve been in inflation for 4 years --24.152.xxx.xx




Inllation capped rent 25% (by Moshe [CA]) Posted on: Dec 19, 2023 11:57 PM
Message:

You are right, Phil.

Thats what happens if I don't pay attention and copy without thinking.

Transpose Turkish lira and USD and you get the right result: a turkish lira could be bought 5 years ago for 19Ķ in USD, now they cost 3Ķ. So raising rents by 25% p.a. recovers only the costs liked to the dollar, not counting actual local inflation. I don't know what their inflation rate is, but it is probably pretty high (in addition to the currency exchange value).

To Dodge, "Does anyone here think the USA will never see prolonged inflation?"

The key work is "ever". It CAN happen. We know a lot more about economics now than we did during the 1930's, but we still don't know everything. A few serious mistakes and, YES, that could happen.

To NE, "Weíve been in inflation for 4 years."

No we haven't, not really. You have no idea what inflation is really like. a paltry 6 or 7%, thats inflation that many, many countries would die for. Most people got through this inflation cycle without really having to change their lives, or seeing their children go hungry and dying, or losing their homes or even their cars. You have no idea what inflation can be like. Back in my old country, if the lights were still on in the Ministry of Finance after 3 pm on Friday (the whole country shuts down at 3 pm on Friday for the Sabbath, until Saturday at Sundown) it meant that there was going to be a currency devaluation, so everyone would run out and buy SOMETHING (anything) to be able to get the pre-devaluation price before the actual devaluation Sunday morning [that is, anyone who had any money].

NE, you don't know how lucky you are to live in America. Don't underestimate the seriousness of the problems.

--47.139.x.xxx




Inllation capped rent 25% (by Moshe [CA]) Posted on: Dec 20, 2023 12:01 AM
Message:

that funny-looking symbol is meant to be "cents".

I guess that Mr. Landlord hasn't caught up yet to the new character set.

--47.139.x.xxx




Inllation capped rent 25% (by Dodge [PA]) Posted on: Dec 20, 2023 7:47 AM
Message:

Sorry, I wasn't specific. I was referring to Argentina style inflation. Some of the talking heads keep stating the dollar will collapse. (Yes, everything will eventually collapse) They're saying collapse on a time frame where we should be doing in anticipation now.

While I believe this is just a cheap call-to-action to buy their products, history tells me not to trust government and bankers.

I'm just curious of the thoughts and opinions on this group think.

RE is a good inflation hedge. But if politicians do a bunch on knee jerk legislation (on par with covid evictions) will rentals suffer? --98.235.xxx.xxx




Inllation capped rent 25% (by NE [PA]) Posted on: Dec 20, 2023 8:26 AM
Message:

Well Moshe, I do know that you are an expert. But after the last few years, I donít pay much mind to ďexpertsĒ. --24.152.xxx.xx




Inllation capped rent 25% (by NE [PA]) Posted on: Dec 20, 2023 8:32 AM
Message:

Dodge, my opinion? America is finished. It is just being propped up until they pull the final plug. Now Iím just a redneck, hillbilly and not some refined sophisticated expert. But I just feel it in my bones that were done for.

Look at how much money they pumped into the economy for the medical solution for the scam Demic. When they can just make money out of thin air, itís bound to collapse. Eventually. They will do everything that they can legislatively to remove the rungs of the ladder for the poor & middle class to climb to the top. Once you begin to see it, you canít unsee it. --24.152.xxx.xx




Inllation capped rent 25% (by NE [PA]) Posted on: Dec 20, 2023 8:33 AM
Message:

And if anyone thinks that thereís any hope, go sit at the front bench at your neighborhood Walmart for a half an hour and just watch what comes in and out of there. --24.152.xxx.xx




Inllation capped rent 25% (by NE [PA]) Posted on: Dec 20, 2023 8:39 AM
Message:

Oh, and I donít care either! Because thereís nothing that little old NE is going to do to influences these geopolitical macro trends. Turn off the news and use your energy to influence the man next to you.

RB from Tennessee on here a while back said something very profound and I donít know how many people caught it. He said draw a circle around your feet, and thatís all you can control. So if we collapse, enjoy the ride. --24.152.xxx.xx




Inllation capped rent 25% (by NE [PA]) Posted on: Dec 20, 2023 8:50 AM
Message:

Moshe, itís definitely not 6 or 7%. 20% across-the-board maybe. Or six or 7% year-over-year for the last couple years. Some things are up 50%. Before the politicians executed their planned destruction of the dollar back in 2020 and 2021, I had a storeroom absolutely stocked full of food. Not anymore. The cost has went through the roof. America is certainly not special and certainly not insulated from these types of problems. We might not be as bad as other countries, but weíre certainly not as good as we think we are. --24.152.xxx.xx




Inllation capped rent 25% (by 6x6 [TN]) Posted on: Dec 20, 2023 10:29 AM
Message:

I'm with NE on the real inflation percentage and not the lie the government is telling us it is. Just go buy something. I can't imagine what other countries are going through.

What happens when the Lira is free? --73.190.xxx.xxx




Inllation capped rent 25% (by zero [IN]) Posted on: Dec 20, 2023 10:33 AM
Message:

NE, my storerooms have dwindled as well. But my circle of friends has followed suit so I don't need as much. --107.147.xx.xxx




Inllation capped rent 25% (by NE [PA]) Posted on: Dec 20, 2023 10:46 AM
Message:

Zero, my circle of friends has changed as well. Dropped many old and gained some new very valuable ones that I cherish. --24.152.xxx.xx




Inllation capped rent 25% (by NE [PA]) Posted on: Dec 20, 2023 10:47 AM
Message:

I was speaking to a Mennonite lady last summer about the scamdemic and she said ďBoy, that sure was a sifter, wasnít it?Ē Sheís right. --24.152.xxx.xx




Inllation capped rent 25% (by Dodge [PA]) Posted on: Dec 20, 2023 11:18 AM
Message:

I know that trying to change people is like trying to change the weather. However I still want to know if I should take an umbrella or not.

Becoming a Mennonite or Amish farmer would isolate you from our government and bankers. --174.198.xxx.xxx




Inllation capped rent 25% (by NE [PA]) Posted on: Dec 20, 2023 11:24 AM
Message:

Dodge, the worse our society gets, the more their lifestyle makes sense to me. --24.152.xxx.xx




Inllation capped rent 25% (by 6x6 [TN]) Posted on: Dec 20, 2023 12:28 PM
Message:

"Becoming a Mennonite or Amish farmer would isolate you from our government and bankers"

YEAHHHHH! --73.190.xxx.xxx




Inllation capped rent 25% (by NE [PA]) Posted on: Dec 20, 2023 12:51 PM
Message:

6 x 6, Dodge is correct to a degree. At least with the Amish. They donít contract with the government. --174.198.xx.xxx




Inllation capped rent 25% (by pete [OR]) Posted on: Dec 20, 2023 3:53 PM
Message:

This quote always cheers me up. If you think you have it bad, read some history books. --35.132.xxx.xxx




Inllation capped rent 25% (by 6x6 [TN]) Posted on: Dec 20, 2023 7:18 PM
Message:

NE, yes. I should say YAY. Sounds good. --73.190.xxx.xxx




Inllation capped rent 25% (by Libi [NY]) Posted on: Dec 23, 2023 7:58 PM
Message:

I just curious how they signing the leases.

Is it one year lease or 3-6 months renewal?

Is it in US dollars, as it common in some countries? --69.122.xxx.xxx




Inllation capped rent 25% (by Ken [NY]) Posted on: Dec 24, 2023 11:34 PM
Message:

NE, the only difference with the Amish is they dont watch the news or listen to the news so they are oblivious,they will be affected the same as anyone else. This country is not ruined,as long as we hang onto our guns when the time comes everything can and will be fixed --74.77.xx.xx





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