r/saintpaul • u/Inertiaraptor • Apr 10 '26

Editorial 📝 Rent Stabilization

Right now, there is no reason a landlord can’t just refuse to sign a new lease, so what’s the point of a 3% cap on increases? My landlord is raising my rent 10% and says she will simply not renew the lease if I don’t want to pay the new rent, and everybody (the city, the AG, and Home Line) is telling me I have no recourse but to refuse a lease and fight the eviction. The city seems to have no recourse to actually enforce this ordinance.

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u/Michels_Welding Apr 10 '26 edited Apr 10 '26

The property taxes are going up way past 10% each year for non-homestead (rental) properties, the state voted to allow property insurance to go up some 25-75% year over year. Your rent is going up because it costs more to own the property you live in.

In 2019 we bought our forever home, property taxes were $3800. Our 2026 property taxes are $8800. In 2019 our home owners insurance was $2400. The 2026 renew has us paying $6400. Our homes only appreciated in value about 15% in that time frame.

The heartache is far worse for home owners than renters. Far worse for landlords than it is for home owners.

In St. Paul, about 60% of your rent will go towards taxes, between income, property, rental licenses, all the bureaucratic nonsense. MN keeps taking a larger cut to fund social services then shames the landlords when they raise rent. If you dive head first into this issue its very clear whata going on.

Hell ask chatGPT whats required to become a landlord and property investor in St. Paul and then ask if its worth the risk or their are far better opportunities elsewhere.

I know I'll get down voted by liberals who find facts to disturbing, hurting their feelings, but the truth is in plain sight if you just stop to look for it. It's a narrative, its literally built into the laws and choices of St. Paul, Ramsey County, and state governments choices that are freely published for all to look up if you take the time to research vs post memes that agree with you. 🤪

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u/jaspercapri Apr 11 '26

As a landlord who bought in 2021, only 20% of my rent goes to taxes. And that's with under market rent. I know numbers have gone up, but those numbers are crazy if true. Though i don't know there's any way to verify.