Private equity firms are evil

By Anonymous - 30/03/2024 17:00 - United States - Cincinnati

Today, I received yet another increase in my rent. When I moved into my crappy one bedroom apartment in Ohio on Feb 1st 2020 my rent was $525 a month. Now 4 years later its $1050. A 100% increase in 4 years. FML
I agree, your life sucks 536
You deserved it 96

Same thing different taste

Top comments

As far as I understand from reading stuff on the Internet the housing laws are ridiculous in the US. This would be highly illegal in my country, where rent can legally be raised not more than once per year, with a maximum of 5%. Also there is a point system to give a home a rating of how big, luxurious etc it is. The max rent a landlord is allowed to charge is based on the points a home has. I strongly believe every decent country should have laws like this, and then I haven't even started talking about all the protection you have as a renter and can basically never be evicted here as long as you pay your rent on time and don't cause disturbance. Anyways FYL in this case!

There's more than one thing wrong with the housing market in the United states. Too many rentals in one area is a bad thing for the neighborhood. I also don't think that private equity firms should be buying up houses. Having a landlord is obviously not bad because everyone's not in a position to be able to buy and take care of a house. Also our country is being flooded right now with immigrants and we're already in a housing crisis. Where are we going to put all these millions of people? If we buy them all free houses or give them all free rent then the government is competing with you for that. If we make them get jobs and find their own places to live then they're also competing with you for homes driving up the prices. Rent control is certainly not the answer because it's caused more problems than it solved. It also didn't solve the expensive housing problem it just trapped people in failing buildings with landlords that would get more out of burning down the building then they could get selling it. That's not a place anybody should be living. As long as more people are coming to the United States and there's only one way out and that's to build your way out. If you don't like it then we have to stop the influx. The growth rate in the United States coming from people having babies is not very high. There's far more people coming across the border than are born in the United States every year. If you stop the influx then you might not have to build much anymore and the market would probably settle especially if the birth rate goes negative. As long as we let in more and more people though the housing prices are going to skyrocket higher and higher and higher.

Comments

As far as I understand from reading stuff on the Internet the housing laws are ridiculous in the US. This would be highly illegal in my country, where rent can legally be raised not more than once per year, with a maximum of 5%. Also there is a point system to give a home a rating of how big, luxurious etc it is. The max rent a landlord is allowed to charge is based on the points a home has. I strongly believe every decent country should have laws like this, and then I haven't even started talking about all the protection you have as a renter and can basically never be evicted here as long as you pay your rent on time and don't cause disturbance. Anyways FYL in this case!

There's more than one thing wrong with the housing market in the United states. Too many rentals in one area is a bad thing for the neighborhood. I also don't think that private equity firms should be buying up houses. Having a landlord is obviously not bad because everyone's not in a position to be able to buy and take care of a house. Also our country is being flooded right now with immigrants and we're already in a housing crisis. Where are we going to put all these millions of people? If we buy them all free houses or give them all free rent then the government is competing with you for that. If we make them get jobs and find their own places to live then they're also competing with you for homes driving up the prices. Rent control is certainly not the answer because it's caused more problems than it solved. It also didn't solve the expensive housing problem it just trapped people in failing buildings with landlords that would get more out of burning down the building then they could get selling it. That's not a place anybody should be living. As long as more people are coming to the United States and there's only one way out and that's to build your way out. If you don't like it then we have to stop the influx. The growth rate in the United States coming from people having babies is not very high. There's far more people coming across the border than are born in the United States every year. If you stop the influx then you might not have to build much anymore and the market would probably settle especially if the birth rate goes negative. As long as we let in more and more people though the housing prices are going to skyrocket higher and higher and higher.