greghousesgf

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.