Overpriced rent rates, price gouging.

Dec. 25 2022

I needed to find another rental due to the fact that where I rent at the moment, is rented out to vacationers who had my unit reserved Jan - April "high season".

What I did find was lots of crap rentals for 7,000+ pesos per month, that I would rate to be in the local price range of 4,000 max per month, due to deficiencies, and general poor conditions of the rental properties.

At least for the time being, I finally had to take one that is a bit overpriced, but NOT a total a rip-off as some others were that I looked at in the same price range.
Good thing was no security deposit, "mes de garantía ", or contract was needed, just pay by the month, no obligations.

Generally speaking, I found lots of "bandwagoning" going on by landlords, trying to charge unreasonable and excessive pricing , e.g to extranjeros for their rental units, when there is not a just, fair and reasonable basis to do so, I.M.O.

It used to be, not too long ago, that for that amount, an good rental could be found that was "tourist quality", e.g with modern A/C, agua caliente, etc.
I found rates ranging between 10 - 18,000 per month for "tourist quality" rentals

Albeit hard to find, there still are a few in the 5 - 8,000 peso monthly rent price point range that the owners rent that are a good value.
Thanks to those property owners who have kept their rent prices stable, with no, or minimal increases.

@hromero
as far as your objection to my comments--->
" It seems unreasonable to me that someone would expect "no or little price increase" in an environment where general inflation in Mexico is running at over 7% for a wide variety of basic necessities. "

I'm 100% aware of inflation here in MX, as well as elsewhere.
I'm NOT "expecting" little or no price increase", nevertheless in some situations that has been true.

The detail is that much of the inflation is WAY OVER the 7% you noted.
It seems that it is uneasonably exaggerated, unnecessary, & out of line.
THAT is what, let's say, doesn't sit well with me.