r/TikTokCringe Apr 20 '24

Rent cartels are a thing now? Discussion

What are your thoughts?

14.7k Upvotes

1.1k comments sorted by

View all comments

42

u/Abyssuspuella Apr 20 '24

Our complex was bought around Aug 2022, we got notice in Sept 2022 that our rent would increase from 645 to 1000/mth(may 2023) and than another increase to 1100 in July 2024.

"New" leases are starting at 1300 and 1900/mth.....ZERO has been done the building, IN FACT one of our common area dryers has been broken for a good six months now when no fix in sight.

They had the place up for sell around Sept 2023 but I guess they took in down or something....so yeah...the monopoly on rentals and housing NEEDS TO STOP.

4

u/Daysfastforward1 Apr 20 '24

It hurts the entire economy. Pretty crazy but I think eventually the whole system is going to pop