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The entire town I live in is single family homes owned by a few slumlords renting $400k-500k houses which they bought 5 years ago for $200k-300k. The rent has
by pacquiao882 11y ago
The entire town I live in is single family homes owned by a few slumlords renting $400k-500k houses which they bought 5 years ago for $200k-300k. The rent has gone up 20-30% in the past year; however, the demand to rent is still high since no one can afford to actually buy anything.
- HeyLaughingBoy 11y agoWhere do you live that a $500k house is considered a slum?
- akjetma 11y ago"Slumlord" is sometimes used to refer to any profiteering landlord, regardless of the property
- abalashov 11y agoOh, plenty of places. SF certainly. Stamford, CT, and lots of other places.
- HeyLaughingBoy 11y agoOh yeah, Stamford. Where $900/mo got you a 1BR apartment over someone's garage 20 years ago. Wonder what it gets you now? I forgot how bad Fairfield County was after I left.
- zardo 11y agoYou can afford to just be homeless every other month.