[John Mercier]

Originally Posted by thinkxingu

Is it? I'm trying to figure out the math, and it would seem that the homeowner selling at a markup benefits once whereas the marina will benefit in perpetuity. I mean, sure, prices *might* come down a bit in the following years, but there's no way it'll ever be matched to the declines in value.

I mean, if my house was being rented, I wouldn't be doubling the rent just because the value of the home went up 50%, right? It might happen over a decade or so, but in two years?

That's like Dave Ramsey trying to justify tenants moving out after he raised the rents solely to match the *market*.

Just thinking out loud here, but it reeks of gouging.

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Depends. The rent would go up 50% if the rental market was willing to pay it based on the supply of rentals available.