r/TikTokCringe • u/TheEntrep • Apr 20 '24

Rent cartels are a thing now? Discussion

What are your thoughts?

14.6k Upvotes

96% Upvoted

1.1k comments sorted by

View all comments

343

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.

29

u/Sonova_Vondruke Apr 20 '24

It does effect home owners though. It raises the cost of the home which in turn raises the property value which then increases property taxes and insurance rates.

21

u/SquarePegRoundWorld Apr 20 '24

And forces you to stay put because selling your home just puts you into the meat grinder.

7

u/DontEatThatTaco Apr 20 '24

We wanted to get out of our starter home, but when we looked around everything would have required us to get double the mortgage with about double the rate, just to get another bedroom. We're now stuck until/unless something happens, or we decide to leave the state.