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Landlords rarely hike the rent by 10 percent. So why do they hate Mayor Wu’s cap proposal?

Por: The Boston Globe Business March 26, 2023

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Allen Hebert takes pride in being a good landlord.He owns several small apartment buildings in the Boston area, and keeps his rents low, below market rate. He raises them only occasionally to account for his own rising costs.Even in a year like this one, when fuel and maintenance costs are putting pressure on his bottom line, Hebert said he can’t imagine hiking his tenants’ rent more than 3 or 4 percent. If he can, he’d like to avoid... + full article



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