this post was submitted on 17 May 2024
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I'd be okay with the housing just falling into a city-owned public housing program.
I’m happy with that as long as there are strict rules to allow the tenant to keep renting at the current rate.
Maintenance costs naturally increase over time, especially as property depreciates and especially when we're talking about North American buildings which tend to be built for initial cost rather than long term resilience.
You guys get maintenance in your rentals?
Require transparency in the form of publication of the maintenance bills, then, so that everyone can agree on whether it's a fair deal or not.
I don't think it would be unreasonable for the rent to increase the normal legal amount every year (2-5%) as it would with most landlords.