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Many REITs have scooped all large apartment complexes in the bay area. So, they have been jacking up rents ad infinitum. Now these REITs got their comeuppance.
by raincom 6y ago
Many REITs have scooped all large apartment complexes in the bay area. So, they have been jacking up rents ad infinitum. Now these REITs got their comeuppance. One on Villa St is owned by Avalon Bay $AVB
- jurassic 6y agoThe mega-REITS who bought all the affordable apartments in the bay area deserve what is coming to them. I rented a slummy 500 sq ft apartment (literal roaches in the kitchen) in Mountain View for $2000/month back in 2015 and just last fall, fully 3 years after moving out, I got a shakedown letter from them demanding I pay up some $300 "overdue balance" or else they fuck up my credit score. This is the first I ever heard of it. Of course I paid because my credit is worth a lot more to me than $300, but I was just thinking about how somebody in a less privileged position would feel getting a notice like that.
- jedberg 6y agoIf you've got the time you should file a small claims against them for the $300. They'll most likely cave and just give you the $300 back (minus the court costs of $30).