ravenflavin77

ravenflavin77 t1_itpzvyr wrote

Private equity firms buying up rental properties has done more to drive up rents in the US than any other factor. I worked at a property that was privately owned. They sold out to a private equity firm which immediately raised all our rents $150. Every year after that residents could expect a rent increase of 10-30%. I no longer work there but I hate to see what they've done rent wise since the pandemic.

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