Photo by Olaf Zerbock
“Dear PoPville,
I was wondering for those who were around during the Great Recession. I know rent is currently frozen. My landlord sent a letter saying they’ll tell us after the public emergency is over (if we are due for a rent increase, what the increase will be). But I’m curious–during the Great Recession was there a huge price increase in rental prices?
I could see this going either way 1) landlords trying to make up for empty units, still having to pay tax bills, not finding relief, commercial real estate going belly up or 2) landlords deciding to not increase.
I know it depends building to building because of rent control laws etc. For one, I’m lucky as I’m in a rent controlled building. But anyone have any predictions out there? What’s going to happen to everyone in the new developments in Navy Yard/NoMa/H Street?”