this post was submitted on 04 Oct 2023
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It seems like their business strategy is buying out places charging below market rates and renovicting the people living there. Demons.
That’s exactly what these places do. Met Cap is a huge one. They were “renting” units for 50% more than most others in my neighborhood.
The “renovations” are laminate floors, new paint, and new cabinet doors. Nothing remotely worth what they are asking.
I’m still floored that this country monetizes homes.
The folks who made that possible want everything monetized, but I'm hopeful this way of thinking is on its way out, for a few reasons.