I don't really have an opinion on weather this particular decision is justified - tenant boards are known to usually side with tenants. But, to be fair, setting rent controlled increases to amount less then inflation is not really fair - it creates imbalances, where wealthy tenant maybe paying way less than market rates (like surgeons renting in San Francisco)
this post was submitted on 15 Aug 2024
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A 23.5% rate hike is far, FAR beyond a cost of living increase and therefore unjustifiable.
Those landlords can go to hell.