Senior housing facility raises rent over 100%

Consigliere

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Hard to justify 100% increase.
Can a land lord explain to me why these hikes are justified?

Is it just because? The mortgage payment didn’t fukking change. Legitimately confused.

It’s not justifiable.

I’m sure the LL is paying more across the board for salary and services… but not 100% more.

This is about profit margins on portfolio.
 

staticshock

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Capitalism is evil. Change my mind.

Is capitalism evil when black folks can benefit from it? There are thousands of black businesses in Atlanta with folks doing good for themselves.

Or is this one particular company & other real estate companies evil? There is nothing wrong with capitalism. The government does need to do something about these rent prices though.
 

Koli_Kat

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Is capitalism evil when black folks can benefit from it? There are thousands of black businesses in Atlanta with folks doing good for themselves.

Or is this one particular company & other real estate companies evil? There is nothing wrong with capitalism. The government does need to do something about these rent prices though.
*Unchecked and unregulated capitalism is what he meant to say
 
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