Quote:
Originally Posted by RU OX Alum
Oh. Okay, yeah that's messed up, people shouldn't be forced out like that. But who would pay $2,500.00 for the exact same apt. that was only $500.00?
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The people who live in some of the renovated downtown apartments in places like Richmond, VA and Atlanta, GA that have focusd heavily on gentrification in the past 10 years.
Quote:
Originally Posted by RU OX Alum
How would the landlord even get away with that, that is a 400% increase, were 400% worth of improvements done to the property?
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There are shitty downtown areas that now have $3,000/month loft apartments that attempt to mirror NYC. Gorgeous apartments surrounded by awesome restaurants--in a relatively crappy downtown area. Apartment and other non-owner living has high resident turnover and almost zero sense of neighborhood and community. That's a breeding ground for greedy landlords/rental agents and crime.
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