I concluded when looking at our projected budget that we’ll move out of here either if we manage to buy something ours (only if we win the lottery which we don’t play, so yeah, all clear there) or we’ll be forced to downsize because we won’t be able to afford it anymore.
I hope by me healing and hopefully finding a job by end of the year we’ll at least be able to start saving and investing to be able to have as long cushion as possible. That’s assuming no disruption with main income provider. Otherwise we’re in the pickle, and we have to overhaul our whole lifestyle and ditch many wants and splurges.
Pure rent was 2300 in 2021 and 2022, then 2400, projection for next hop in this year will go 2500 (now is around 2450) and by 2027 around 2900, calculated in 5% increase per year to be hopefully on safe side.
I mean, landlords can increase prices whenever the reference thing increases… So, if that one keeps going up, nothing stops our rents from going up too.
And since we’re talking rent, can someone explain how it works with new tenants, did I understood correctly – if new tenant doesn’t complain in time about rent they pay, that rent becomes new baseline for that flat for all future tenants? Or every new tenant has a right to some check of rent based on some index of usual prices of similar flats in area or something like that?
And also, how come that some people have really old contracts that are cheaper? Doesn’t landlord have the right to increase the rent per that reference thingy?
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https://en.m.wikipedia.org/wiki/You%27ll_own_nothing_and_be_happy
I concluded when looking at our projected budget that we’ll move out of here either if we manage to buy something ours (only if we win the lottery which we don’t play, so yeah, all clear there) or we’ll be forced to downsize because we won’t be able to afford it anymore.
I hope by me healing and hopefully finding a job by end of the year we’ll at least be able to start saving and investing to be able to have as long cushion as possible. That’s assuming no disruption with main income provider. Otherwise we’re in the pickle, and we have to overhaul our whole lifestyle and ditch many wants and splurges.
Pure rent was 2300 in 2021 and 2022, then 2400, projection for next hop in this year will go 2500 (now is around 2450) and by 2027 around 2900, calculated in 5% increase per year to be hopefully on safe side.
I mean, landlords can increase prices whenever the reference thing increases… So, if that one keeps going up, nothing stops our rents from going up too.
And since we’re talking rent, can someone explain how it works with new tenants, did I understood correctly – if new tenant doesn’t complain in time about rent they pay, that rent becomes new baseline for that flat for all future tenants? Or every new tenant has a right to some check of rent based on some index of usual prices of similar flats in area or something like that?
And also, how come that some people have really old contracts that are cheaper? Doesn’t landlord have the right to increase the rent per that reference thingy?