Quote:
Originally Posted by Macphisto Angelus  And that is why residents are madder then ever. For awhile we have been leary of trusting LL, now we see perfect evidence that intended or not (and this kid says intended) LL has shown greed overrides logic.
Residents are not mad at the price increase (this is where LL is mistaken) they are betrayed. |
To me the price increase does matter because if you were using it for nothing but some landscaping/park or a single low prim residence, you are being driven out, your investment is worthless. If your tenants cannot pay more rent, you are out of business. If you simply are just covering the existing tier, you are now out of business.
They are clearly thinking that enough people are too invested to pull out and will fork over the money.