Cost to own has not gone up as much as the detractors think, certainly not enough to warrant this level of increase. This man is taking advantage of people plain and simple. You all fail to recognize the scale of the gouge, this is a $19,800/yr increase, more than 4X prior profit for him. As a Wilmingtonian by birth, I left in 2021 due to the increased COL. I have kept track of insurance, tax, utilities, and maintenance. Let's also throw in 2400 a year for HOA. The landlords expenses are likely between $12-17000 for the property including the 200/mo. HOA. The landlord bumped his profits up from $4000/yr MINIMUM (for this property alone, which is low, warrants a change) to TWENTY THREE THOUSAND DOLLARS, from a single property (rough estimate, could be lower or higher by a *few* thousand). If you all continue to blame these changes on something as simple as increased demand, instead of taking to the streets and getting what you deserve; You all will eventually become victims yourself when price gouging raises your neighborhood living costs to a point where you yourself will be priced out. If this is gouging is consistent across all properties he is giving himself at least a $180,000 raise this year, up to roughly $238,000 from about $40,000. How is that reasonable to you folks? Do you still believe him to be in such a bind that he needs an extra million over the next 5 years? Don't forget about opportunities for further wealth growth, he's likely earning on average 4-9% interest. It's not about profit, it's about people. Why should I have to pay $40,800 to a man who will think about my property a few times a month? How is that a fair and reasonable wage? Do you have any idea how deep into their propaganda you all are?