Last week Kamel got an email notice from our landlord that they will be raising our rent in August 13.71% (Thank you Sarah for the math on that!). We were, of course, outraged. This is how the conversation went, quote tags are irrelevant:
“Fuck this! This is bullshit!”
“I don’t want to move though, I love our home.”
“I know, but are you kidding me?!”
“I hate this! I hate this so much!!”
“I’m going to fight this.”
“It won’t work, they won’t budge, they are a company, not an independent landlord.”
“They have to! This is total crap!”
And then we began researching the situation. What could my landlord actually do? If they raise out rent above 10%, they had to give us 60 days notice, and by golly they gave us 60 days notice on the dot. (Again, thanks to Sarah for that knowledge.) So legally, all we could do was ask nicely and maybe whine about the crazy neighbor situation and the construction that has left us without a pool since we moved in.
Then! To pad our case we started researching other 1 bedrooms in the area, because they could not possibly be that expensive! We were hoping to see apartments (brace yourself non-bay area residents) around the 1400-1550 mark for a 1 bedroom. What we saw instead was 1700-2100 for a ONE BEDROOM! What?! That is insane! We aren’t even in the city! So Kamel started calling other landlords and guess what they said?
Because Zynga and Facebook had recently gone public, making a bunch of people insta-millionaires, the median income level has jumped and suddenly a lot of newly rich young people are willing to pay way more for rentals. And also completely fucking over the rest of us who didn’t just come into a shit ton of monies. Can I pull science out of my hat and show you the proof? Not really. So whether it’s perception that’s screwing me over or reality, it makes no difference. After our calling our landlord, they almost laughed in our face. Starting rents for new tenants are $1840 – $2100 (depending on size) and thankfully our new rent isn’t as high as the lowest rent in that scenario. For a non-shit hole and a place that is relatively the same size as what we have, we’re stuck with high rent… but apparently not has high as it could be. In 1 year that’s a huge huge huge jump.
If you need another reason to hate Facebook or Zynga, please, be my guest.