squee_bastard

squee_bastard t1_jdr7ozg wrote

Reply to Budd looking big and beautiful last night. by phillybeardo

In 1998-99 I lived on Wissahickon for a year in a beautiful old apartment complex that my school had subleased units from. One night I tried a different way home from my usual Lincoln Drive exit, exiting off Route 1, I made a wrong turn and ended up driving down towards Hunting Park Avenue and saw all of these cool old buildings. I never knew what these were at the time but seeing this photo unlocked a long ago memory.

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squee_bastard t1_j8zbikv wrote

Reply to comment by bodhipooh in Negotiating Rent Increase? by Embarrassed_Ferret50

I don’t know about that, I’m also in a large “luxury building” downtown and I didn’t get an increase when i renewed in 2021. I can’t imagine that the giant corporation that owns my building did that out of the kindness of their heart when they nickel and dime us on everything. Back then I was told that they could not raise my rent at the time, so last year I ended up getting a 15% increase instead to recoup costs.

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squee_bastard t1_j8xsp3j wrote

Reply to Negotiating Rent Increase? by Embarrassed_Ferret50

In my building, it’s been 1,000 renewals on 2 bedrooms and 500 on 1 bedrooms. You can try to negotiate with your leasing office but otherwise not much else you can do beyond move. This has been happening all over downtown since last January.

Legally rent could not be raised from March 2020 until January 1, 2022 due to a statewide NJ eviction moratorium. Once that expired a lot of buildings in the area have been trying to recoup their losses by raising rents. A lot of people had anywhere from 20-60% renewal rates in this sub last year. I’d do a search in the sub since some buildings were noted in the threads where people were their discussing increases.

Renewals are usually 90 days out, If you just received your renewal I’m guessing you moved in during May 2020 and probably did get a covid deal. If you signed an 18 month lease in 2020 and did not have a rental increase with your last renewal you were still protected under the moratorium in late 2021.

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