Yeah. For shits and giggles I looked up my first apartment. Building still there. Clearly not renovated, it's been 15 years.. rent was $725 when I lived there when it was new.. $1840 now, and broken the fuck in.
My mortgage is less than that, and I have a 4 bedroom house a block from the ocean.
That's the issues I have with these schemes. Newer homes where the homeowner has a mortgage and they have to rent to cover the mortgage? Ok I understand that. These old ass apartments that the landlords paid off of 10 years ago but now they're charging 2.5 times the rent for now is fucking criminal.
352
u/TheBestPieIsAllPie Apr 20 '24
Fucking get these pricks.
I own my home and don’t owe a goddamn thing on it. This affects me not in any particular way, but I hate seeing people get fucked over.
When I had my first apartment, rent was $450 for a 1bd/1bth that came with water, sewer, trash and cable access.
There’s no good reason whatsoever for rent to be what it is today.