• Aussiemandeus@aussie.zone
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    6 months ago

    A lease is a lease and when its upnits up to the owner not the renter.

    Sure it sucks but thats the way it is.

    Think of it the other way. You own the house and mortgage is 400 a week.

    You rent it for 400 and pay nothing extra beyond repairs etc.

    Then mortgage goes up 100 dollars a week because locked in rates change.

    Why shouldn’t you pass on the cost? The renter now lives in a house that costs 500 a week to live in, so they should pay the cost.

    • ddh@lemmy.sdf.org
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      6 months ago

      Which section of society needs more help, renters or investors? Let’s say you pay off your rental property and it now costs you $100 per week. Let me guess, for some reason you can’t lower the rent.

    • breakingcups@lemmy.world
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      6 months ago

      Because you, as a business owner, took that risk. Mortgage could have gone down too. It’s not the renter’s problem nor fault.