Monday, March 12, 2007
Too much information
They say that knowledge is a double-edged sword, and here's a case to prove it. Rents in Oman have been going through the sky for the past six months and the situation is now heading out of control. In the past month people have been getting notices from landlords increasing rents by unheard of amounts, and with immediate effect as well. I know people whose rent has doubled overnight. A lot of expatriates have been complaining to the press about this, and TheWeek decided to take up their cause. We all know that increases are capped by a 15% limit, right? Somebody has to stop these greedy landlords from sucking the blood of their tenants. Well TheWeek investigated and it turned out that we're all wrong. The 15% cap is not true. There is no rent increase cap in Oman. Oops.
Guess what, most land lords didn't know that. But now that the information is out, I've heard stories of landlords giving their tenants copies of that TheWeek issue along with their rent increase letters.
How's that for the power of information.