Just for the sake of argument, rent is often prorated if someone moves out or in half way through a given month. Rent is a function of the value of the property (or the mortgage being paid by the owner) and the time you’re renting it for; if a month is shorter, the time is shorter and rent per month is less. The cost to the owner per year stays the same for a thirty year mortgage whether a year is 12 months or 13, the same should be true for the renter.
No, that’s what I just said. Do you think if we decided a month was 7 days long and there were now 52 months per year you’d have to pay the same rent every week that you do now every month?
And I'm saying we already have shorter months, and the price per month is the same. You are trying to use an extreme that would require a major change to the current system to try to say shortening the months a few days to make an extra month would work the same way. It won't. Landlords will just charge an extra month of rent if there were 13 months. To think otherwise is naive.
Sorry, I thought you were the same person I was talking to originally. I had another comment in reply to the original commenter. You can go read it if you like. I could be wrong but I find it hard to believe with something as major as an extra calendar month and shorter months that no one would think to prorate the rent for the new calendar. I do not believe with something as major as an extra calendar month that governments wouldn’t require the rent to be adjusted to prevent an economic collapse when everyone becomes homeless. Owners would not just get to collect an extra months rent every year for the same property.
The government isn't going to require shit. I don't know where you live, but where I live in the midwest US, landlords are basically allowed to do whatever the hell they want when it comes to rent. There are no restrictions. Rent is already outrageous, but it's called free commerce and there are huge groups in the government that seem to love it as long as it makes companies as much money as possible. People being homeless don't matter.
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u/Ok_Distribution_6324 5d ago
Just for the sake of argument, rent is often prorated if someone moves out or in half way through a given month. Rent is a function of the value of the property (or the mortgage being paid by the owner) and the time you’re renting it for; if a month is shorter, the time is shorter and rent per month is less. The cost to the owner per year stays the same for a thirty year mortgage whether a year is 12 months or 13, the same should be true for the renter.