Private equity slumlords got your apartment complex. They'll cut services, cut staff, not do repairs, hike rents, use the property value to sell the building to itself, pocket the money, spin off the apartment business (loaded with dept) into a separate entity and allow it to go bankrupt while keeping the profit from the sale and raised rents. Coincidentally, Cory Doctorow mentioned California rent control today.
yes, I know this. My only hope here is maybe they'll sell the bldg to somebody who can do a better job running it. In the meantime, I have no other place to move. Everything around here is either too expensive, or a dump, or only available to groups I don't belong to (very old people or college students mostly)
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