Submitted by MillionaireWaltz- t3_11m2vd3 in boston
Just be careful out there, folks.
I love Boston and the surrounding area - I really do. But damn, is renting tough, these days. And I know a few who have had this happen in the last year or two.
I moved into my previous apartment and made it a cozy home. It was my first apartment, rather than renting someone's bedroom. The landlord told me he'd be happy to have me for a few years when we signed and I felt great.
Long story short - he sold our entire building to a young 20-something whose father gave her money to purchase her first investment property.
She gleefully told everyone in our building that she was not renewing our leases that were up in 40 days - and that she was turning the place into an investment with AirBnB/short term rentals.
Everyone got screwed over in our building. One of our neighbors ended up homeless for a short time because he couldn't find an apartment in time, and our landlord had promised a re-sign so he was blindsided.
My partner and I decided to move in together to make it easier to pool money for a place. We found one barely - and we stressed for 2 weeks getting credit scores checked, bank account statements - and we put down 10K for a great apartment.
We've not been there a year, and we got word that our landlord might be selling our building to a wealthy investor who is also buying another property of theirs.
So we'll have to move after being here a year and 10K to get in just feels...shit's hard out there, guys.
I know this is whiny. I'm sorry.
I'm just angry - I don't have a cheap hometown to move to. I know people in Smalltown, VA or AZ or OH where this is happening to.
I just don't want to lose another place I call home...to another wealthy person.
We have to live somewhere. Good luck to anyone else in a similar situation.