It is not uncommon in this park to hear that someone is getting a 20%, 30% or 40% annual rent increase but how about a 72% annual rent increase. Yes, that's right, even though the City of Upland has a rent control ordinance a resident at our park last year received a notice from the park stating that their rent would be increase from $749.00 to $1293.00 per month...that's over 72%!!! I guess they decided not to pay this outrageous rent increase because their home is now empty and has a for sale sign in the window.
I am not sure how old the home is but it appears to be approximately 9 or 10 years old. This for sale sign in the window is asking $39,000 cash.
Double click on the image to enlarge.
This is another example of how many of our residents have been priced out of their homes in this park.
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