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5 answers

Because landlords are in business to make a profit.

So, when they figure out how much rent to charge, they have to make sure that they've covered their own expenses (which include the cost of the structure, overhead such as paying someone to be available to deal with crises, insurance, upkeep and general maintenance, and, of course, taxes.) None of that is cheap. And if the landlord's expenses go up, so does the rent.

2007-03-17 07:23:00 · answer #1 · answered by ISOintelligentlife 4 · 0 0

It is the basic economics of supply and demand. If a place is charging too much rent, they will have vacancies. If they are charging too little rent, they will have waitlists. Besides, one person's idea of "low cost" can vary wildly from another's.
When I first moved away from home, I was a full time student working at a low paying job. I qualified for Section 8 housing. A couple of years later, I moved to another state. The apartment I found there was in a much better neighborhood, had much better grounds and amenities and only cost $10 more per month than my Section 8 apartment. Average rents values are set by the neighborhoods and markets. Maybe you should look in a different area.

Property managers need to charge enough to attract good renters and to have enough money coming in from those renters to covers their expenses. Your rent covers the property mortgage, the upkeep, the leasing staff, the groundskeepers, and so on.

2007-03-17 08:27:05 · answer #2 · answered by TaxGurl 6 · 0 0

Your landlord has to pay upkeep, taxes and in many cases, utilities, and still turn a profit. There is also an element of supply and demand. If there are more renters than units, the price will go up.

2007-03-17 07:22:23 · answer #3 · answered by Kacky 7 · 0 0

No, not when you don't define "cheap" and don't say where you want to live or what kind of place you want to live in. A cardboard refrigerator box would be cheap, but then, you probably don't want to live in one, do you?

2007-03-17 07:26:08 · answer #4 · answered by Anonymous · 0 0

because of inflation, ptretty some you won't even find cheap food.

2007-03-17 07:17:23 · answer #5 · answered by spiritwalker 6 · 0 0

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