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Holy Rent Increase!
From:
-Anonymous-
Date posted:
12/15/2006
Years at this apartment:
2004
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2006
2 responses
We just got our rent renewal notice (at least they give it to you 3 months before your lease expires; plenty of time to find somewhere new to live) and they are increasing our rent $210!! For this dump' You have got to be kidding me. This isn't Old Town. We have had nothing but problems this past year that have taken Archstone's corporate office to get fixed and now this' Anyone know of any other good apartments in Alexandria'
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User Responses
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From:
ford4youb
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Date:
12/16/2006
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Right now there are tons of new, nice renovated CONDOS for rent in the area, since real estate has been a little slower and prices for condos are dropping the price for renting said renovated condos is low. And they are in BETTER condition then these apartments here. Archstones thinking is sales are slow for real estate; less people are buying houses so rent thus should increase. It’s all fun and games until the million plus new condo conversions in the area turn into rentals, why would anyone rent at Newport Village when they can have a new condo with stainless steel appliances and hard wood floors for much cheaper? Better yet prices to BUY these new condos will be cheaper than renting here at archstone for $1500 a month and you’ll get the tax benefits and equity of OWNING a home. Something to think about..
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From:
ernestoricetrader
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Date:
01/12/2007
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Absolutly right! My rent just went up $230! We've had minor problems (leaks, kitchen back-ups, etc..) that were solved fast and other major problems (mice, busted AC pipe from upstairs) that took them a while to solve. Overall we are happy here but the exorbitant rent increase just does it for us. We are planning to buy as soon as possible, or rent something nicer nearby.
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