Good discussion here. Nice to see you Ori (we should hook up soon for that coffee). As a landlord, I typically do not raise rents either for long term tenants, but I do foresee rents going up more once the real estate taxes go higher. For example, I have a number of properties in 19122 which could get hit hard with the real estate tax reassessment. I also will have no choice to pass that cost along to the tenants once the taxes are hiked for the third year in a row (another story). Is great to hear about the activity in Point Breeze and Grad Hosp. We just had a very happy buyer for a fabulous new home in Point Breeze who was paying outrageous rent for a crappy place in Grad Hospital.
It is great to see all the activity over town. I do have a sense though that things will ease a bit after the election no matter who wins. Either way, what an opportunity for both new homeowners and investors to be owning real estate.