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Tenant Responses to Rent Increases: Examining Decisions to Stay or Move
Rent increases can be a difficult reality for tenants to face. With the cost of living increasing, landlords often have to raise rents in order to keep up with the market. While this is an understandable decision, it can leave tenants feeling uncertain about their future. In this article, we’ll examine the different responses tenants have to rent increases and the factors that influence their decisions to stay or move. The first response to a rent increase is often shock and anger. Tenants may feel like they’re being taken advantage of and that their landlord is not taking their financial situation into consideration. This is a natural reaction, but it’s important to remember that rent increases are often necessary for landlords to cover their costs. The next step is for tenants to conside...