• BertramDitore@lemmy.world
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    1 year ago

    Has anyone ever had their rent actually decrease? Serious question. I assume this is talking about people who are looking for apartments now, not people who are already paying hilariously high rents.

    Find me a landlord that has ever lowered the rent for existing tenants, and I’ll eat the paint chips peeling off my poorly-maintained walls.

    • manny_stillwagon@mander.xyz
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      1 year ago

      A friend of mine lived in downtown Boston during the pandemic. Like, across the street from the Garden. His building lost a TON of tenents when people fled the city since they could now work remotely. He was going to move as well, but then the building offered to reduce his rent by $700/month if he stayed. So he did.

    • Remmock@kbin.social
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      1 year ago

      Only because I looked at the apartment complex’s website and saw my apartment type listed $150 under what I was paying.

      Edit for clarity: I went down and arbitrated a reduction.

    • WalrusDragonOnABike@kbin.social
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      1 year ago

      Not exactly, but during the covid pandemic prices dropped and our lease was coming up for renewal and they wanted the standard 2-3% increase anyways. We ask them to lower it and they said corporate doesn’t let them do it. So we gave 2 months notice and waited for our unit to appear on the website and started a new lease. Technically, there was a 2 week period between the leases, but we just bickered with them until they said we could stay, and they even charged us at the new lower lease rate for those 2 weeks. I think we saved like 20% a month compared to our original lease?

      I’d assume you usually need to move to benefit from rent drops or at least put in notice that you’re moving out.

    • SuiXi3D@kbin.social
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      1 year ago

      Yes, actually. By $50. And it required me to move into a different unit of the same floor plan. Then they raised rent by $200 the next year.

    • joshthewaster@lemmy.world
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      1 year ago

      I did once. I was young and broke and I saw another apartment in my same building on craigslist for less than I was paying. Tried to call my landlord (who was one guy and not a giant Corp) but he wouldn’t return my calls. So I sent a check for 50 bucks less via certified mail - he called me the moment it arrived and let me get away with it. That apartment was 550 and a drop to 500 made a difference for me then. Now… That same shitty apartment probably rents for 2k a month.

      I think the exception proves the rule though so I won’t make you eat any paint chips.

    • spader312@lemmy.world
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      1 year ago

      Basically you just have to move to get a lower rate. Like a job they won’t do anything in your benefit you have to move jobs to get an increase (or decrease in the case if apartments)

    • reallynotnick@lemmy.world
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      1 year ago

      I got my rate to stay the same and 2 months free rent on resigning this year, and they offered me the 2 months after I already signed the renewal so that was shocking. I think my building is struggling to keep tenants.

    • bluGill@kbin.social
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      1 year ago

      Typically you see relative to inflation. While your rent doesn’t go down, because of inflation you are probably making more money and so your real rent goes down. In some cases you rent can even go up, yet relative to inflation it goes down.

  • sudo22@lemmy.world
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    1 year ago

    Why is this article’s tone written like its rooting for rents to rise?

    “there should be far less supply going into 2026, giving rents a chance to make up some ground”

    It almost sounds like they could be talking a stock price falling.

  • Potatos_are_not_friends@lemmy.world
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    1 year ago

    I was just thinking this.

    My apartment complex is at 40% capacity. Since I’m in the process of moving, I’ve been paying attention to rentals.

    I noticed a bunch of new apartment complexes also have low capacity. I could be making a guess though. Rentals are so high right now.