3 ms·
NIMBYism is an issue, but I've seen enough to conclude that I firmly believe the core problem is private equity and the way they unify rent across their propert
by fzeroracer 3y ago
NIMBYism is an issue, but I've seen enough to conclude that I firmly believe the core problem is private equity and the way they unify rent across their property.
For example: The area I last lived in (Austin outskirts) my apartment wasn't anything special, there were new units popping up around me and it was fairly far from anything major. When I left in late 2022, they tried to give me a renewal offer that was a 40% increase in rent.
Most of the apartments around me were Greystar and of course, they all went up at the same rate and time.
- bell-cot 3y agoWall Street can do that kinda crap, and certainly needs some real anti-trust enforcement - but there's nothing like a "good" (for renters) vacancy rate to discourage any & every sort of rent increase.