My partner and I moved into an apartment in Philadelphia in May 2020. Our lease in 2021 was raised $50 per month. This year was $170. What's next?
My partner and I moved into an apartment in Philadelphia in May 2020. Our yearly lease in 2021 was raised $50 per month. That was expected. The following year our rent was increased by $170 per month. What can we expect in 2023? Who knows?!! How do folks handle rents that are totally determined by the profits property owners want to make? Management will tell us things like “We need to keep up with market value of neighboring properties,” etc. Help!!! Philadelphia renters need rent control - and we need it now. With all the talk of Philadelphia “coming back” with restaurants opening, nightlife returning, etc., many of us are faced with hard choices of whether we can even stay in the city we love.
West Mt Airy