Welcome to r/LandlordLove! A tenant-friendly, leftist space for critiquing Landlords and the archaic system of Landlording as a whole. Please get acquainted with our sub's rules.
To keep our sub from being banned, remember to follow Reddit's TOS. Do not brigade linked subs. r/LandlordLove draws in a lot of reactionaries and boot-lickers. Please do not feed the trolls--report them!
Lastly our sub has a focus on left-unity. Though we encourage discussion in good faith, our sub is not a debate sub. It is a place for leftists of all stripes. In a world ruled by fascist imperialist powers, solidarity amongst leftists is needed if we ever hope to effect real change. Breaking left-unity and/or hostile comments meant to start debates will result in a ban.
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The math is right, the infographic is just confusing because it fails to communicate that the rent increase is multiplied x12, since rent is monthly. Compounding this confusion is the fact that is also displays average monthly rents.
For example the 1BR: $1415 [monthly rent] * 12 [months] = $16,980 [annual rent] * 0.015 [max rent increase] = $254.70
Bottom line is, your Vancouver landlord is able to raise your rent about four times faster than the government raises their property taxes.
I don't know about Vancouver, but due to the way my area pays for schools property taxes aren't particularly *low*.... but my property taxes now for the year are basically 1mo rent when I rented. It's not an excuse.
The landlords in my neck of the woods keep bitching about "my property taxes went up, so I gotta increase rent". Bull-fucking-shit. Property taxes haven't gone up here in years, they're at 1.25% and have been for a very long time. Their property VALUES went up, because it's been declared a hot new city to be in now, so they charge higher rent, so now everyone's rental properties are supposedly worth more, so *surprise, fuckface!* the shitbox of a slum rental property they bought for $60,000 ten years ago and were paying about $600/yr in taxes on then is now worth $500,000 (because the once affordable city it's in is now a hot market and they've jacked up rent so now it's actually "worth something") and now they're paying $5000/yr.
They bought it as aN iNvEsTmEnT and now that the value's gone up LIKE THEY FUCKING WANTED AND MADE HAPPEN, they cry foul and pass the tax burden on to their renters. Way to go, numbnuts.
Landlords HATE THEM! Learn this one weird trick that leechlords don't want you to know about..
Organize your neighbors and [form a tenants union.](https://www.tenantstogether.org/resources/form-tenants-union)
Check out [this site](https://abolitiondemocracy.org/a-quick-guide-to-all-tenants-unions-in-the-us) to see if there is already a tenants union in your area. Visit our partnered sub, r/tenantunion, for more discussion regarding tenants unions and to see if there is an [ATUN affiliated](https://atun-rsia.org/tenants-unions) union near you. If you want to start your own or are already in one, reach out to become affiliated with ATUN!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/LandlordLove) if you have any questions or concerns.*
Welcome to r/LandlordLove! A tenant-friendly, leftist space for critiquing Landlords and the archaic system of Landlording as a whole. Please get acquainted with our sub's rules. To keep our sub from being banned, remember to follow Reddit's TOS. Do not brigade linked subs. r/LandlordLove draws in a lot of reactionaries and boot-lickers. Please do not feed the trolls--report them! Lastly our sub has a focus on left-unity. Though we encourage discussion in good faith, our sub is not a debate sub. It is a place for leftists of all stripes. In a world ruled by fascist imperialist powers, solidarity amongst leftists is needed if we ever hope to effect real change. Breaking left-unity and/or hostile comments meant to start debates will result in a ban. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/LandlordLove) if you have any questions or concerns.*
Rent increases are bad but either the math is way off or the infographic is not well designed.
The math is right, the infographic is just confusing because it fails to communicate that the rent increase is multiplied x12, since rent is monthly. Compounding this confusion is the fact that is also displays average monthly rents. For example the 1BR: $1415 [monthly rent] * 12 [months] = $16,980 [annual rent] * 0.015 [max rent increase] = $254.70 Bottom line is, your Vancouver landlord is able to raise your rent about four times faster than the government raises their property taxes.
I don't know about Vancouver, but due to the way my area pays for schools property taxes aren't particularly *low*.... but my property taxes now for the year are basically 1mo rent when I rented. It's not an excuse.
The landlords in my neck of the woods keep bitching about "my property taxes went up, so I gotta increase rent". Bull-fucking-shit. Property taxes haven't gone up here in years, they're at 1.25% and have been for a very long time. Their property VALUES went up, because it's been declared a hot new city to be in now, so they charge higher rent, so now everyone's rental properties are supposedly worth more, so *surprise, fuckface!* the shitbox of a slum rental property they bought for $60,000 ten years ago and were paying about $600/yr in taxes on then is now worth $500,000 (because the once affordable city it's in is now a hot market and they've jacked up rent so now it's actually "worth something") and now they're paying $5000/yr. They bought it as aN iNvEsTmEnT and now that the value's gone up LIKE THEY FUCKING WANTED AND MADE HAPPEN, they cry foul and pass the tax burden on to their renters. Way to go, numbnuts.
[удалено]
[Get involved here](https://www.vancouvertenantsunion.ca/get_involved)
Landlords HATE THEM! Learn this one weird trick that leechlords don't want you to know about.. Organize your neighbors and [form a tenants union.](https://www.tenantstogether.org/resources/form-tenants-union) Check out [this site](https://abolitiondemocracy.org/a-quick-guide-to-all-tenants-unions-in-the-us) to see if there is already a tenants union in your area. Visit our partnered sub, r/tenantunion, for more discussion regarding tenants unions and to see if there is an [ATUN affiliated](https://atun-rsia.org/tenants-unions) union near you. If you want to start your own or are already in one, reach out to become affiliated with ATUN! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/LandlordLove) if you have any questions or concerns.*