Private equity firms are evil
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
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
Collection
Fall
Dead leaves, the first cold of the season and an umbrella flipped inside out: fall, the season of grace.
Today, I found out that my rent is going up by $100. This is the third year in a row. I'm on SSI ($914/month) and it was $550 when I moved in before the pandemic. I'm also morbidly obese, schizophrenic, and my family doesn't respect me. FML
Today, in the middle of a pandemic, which has made it impossible for me to get a job for the last 4 months, my landlord has decided the one thing I need is a rental increase. FML
Today, my landlord increase my rent because of the "increased value of the flat". Why has the value increased? Because I decorated and replaced the broken fixtures. FML
Today, I was notified that my work is cutting my pay almost in half. I just renewed my long-term lease on an expensive apartment because I was able to afford it before this morning. Now I have no idea how I’m going to pay for it. FML
Today, since moving to a state with relatively milder winters last year, my heating bill has more than doubled. I am now paying more to keep my new apartment at 62 when it is 20 outside, than what I was paying to keep my ancient apartment at 70 when it was minus 14 outside. FML
Today, my landlord told me they are making my building non-smoking. The main reason I moved to this old run-down building was it was cheap and I could smoke in my own home, since you can't find that anymore. Oh, they also just increased rent by 20%. FML
Today, my landlord told me he is raising my rent next month. I thought he was kidding until he asked if I still wanted to live here. My landlord is also my live-in boyfriend. FML
Today, after I got a second job to help cover rent, my landlord just raised it anyway “because the neighborhood is up-and-coming.” There’s still a pothole the size of a kiddie pool in front of my building. FML
Today, my lawyer let me know that due to the rising costs of living, her rate has increased to $565 an hour. That's more 20 times my pay. I'm not even getting a cost of living increase. FML
Today, all of my roommates handed in their vacating notice unexpectedly. They are all moving to a new house together in two weeks, leaving me to be either homeless or forced to pay 4 times what I was paying in rent. FML
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Top comments
ItsGoneForever 16
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!
Billsonhamsen 17
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.
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Comments (2)
ItsGoneForever 16
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!
Billsonhamsen 17
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.