Thursday, February 5, 2015

soaring rents in big cities... fight back?

Rents are increasing day by day. This applies to all big cities in United states. We are almost paying 1/4 - 1/2th of salary to rents. Did you ever think on what you are paying vs what you are getting? 

is there any association or government which control these rents? did you ever think on fighting back instead of accepting?

I agree to some extent that demand is more in several cities because of good employment/high salaried area. But if supply(no of houses) is less, then people should be living on road. But this is NOT the case. Since we receive good salaries, we are NOT backing off in paying high rents. I strongly feel that it is better pay more taxes instead of high rents. At least, this might help for society or in future when we face financial crisis.  

At least now, lets devise a methodology to fight back here. I am confident that if we are together, we can reduce the rents. My idea is as follows:

Lets vacate/boycott a community in a city. If we don't take/renew leases for a particular community for a period of time, they end up reducing the rents instead of increasing. Of course, this might cause little inconvenience for some but for greater good, we should withstand. If we keep on focusing on few communities, owners realize what is happening and eventually they have to give up. 

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