Okay, where will they go? We have very few choices when it comes to where we want to live. You either live with somebody else such as a relative or friend, get an apartment or get a house. That's it.<quoted text>
That's happening now? Because all of your write-offs have been taken away and your taxes have been raised?
People found places to live before you inherited a couple of houses. They will find places to live when you stomp your feet and raise your rent. You aren't that important.
Rentals are going up in price for a couple reasons: first of all, it's supply and demand. Because of the stricter regulations on home loans, it's difficult for many to meet the new standards. Others screwed their credit rating for many years because they lost their homes in foreclosure after the housing bubble. Some who were able to sell their home and barely get out holding their azz don't want to take that chance again. It's just smarter to rent.
Another reason is the federal government. The EPA decided our water doesn't meet their standards even though we were quite happy with our water here. The improvements needed will increase our water and sewer bills over 50% in the next five years. That cost gets passed on to the tenants like all other costs do. Currently I pay $2,500 a year just in water bills alone. Thanks to our federal government, water will now be an expensive commodity.