vash77
94982
1495
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A out of state LLC bought my apartment complex in January 2022. As everyone's lease came up for renewal they doubled the rent. This caused everyone to move including myself. As I hunted for a new place to live the rent is extremely overpriced everywhere. If inflation keeps up we are all going to be homeless soon.
If anyone wants to help, leave a 1* review for Valcap Group LLC. On Google reviews. They deserve it.
***front page edit*** Thank you all so much for helping stick it to a company that has wronged soooo many people!
confessionalclown
Burn the complex down, fuck their 'investments'
DidItForScience
Out here a developer decided they'd rather pay a fine than build affordable housing.
JohnSmithterms
1 star reviews does not work when I can set up a LLC in a day. Demand the rich to be taxed at 60% and learn how tax bands work.
SeanSweat
Hopefully we can get a review bomb going
Omni21
It's not inflation, it's greed.
unluckyandbored
Shelter should be a right. You need shelter to live. It should be provided by the government if you can't afford to buy a home.
thevortexmaster
Crazy they can do that. Where I live the government sets a maximum percentage for rent increases and is only allowed once a year
DukeDarkwood
As true now as over TWELVE YEARS AGO:
whitefoxkei
if corporate greed keeps up*
kaitco1984
My rent is going up $300 after going up $250 the prior year. Currently doing the math on if moving costs+new lower rent <= new higher rent
ThankYouForYourTime
Not So Fun Fact: Shelter (a basic human need for survival) makes up 30% of overall inflation and 40% of core consumer price index. This has
ThankYouForYourTime
an enormous impact on a monthly basis, accounting for the largest single expense in most households and costing over 30% of their incomes.
samuelfur
Upvoted and left a review. Hopefully we can get them down to 1 star.
crapybarra
Same thing happened to me. Im in NYC. We have LLCs here which are named after the apt address. I avoid apts owned in this fashion now. Scum.
unluckyandbored
I got a 2% raise. With 8% inflation I got a 6% pay cut.
taggedcattle
At this point, there is no real difference between capitalism and feudalism.
skathir
Yeah I call property owners the landed gentry now.
ehsteve12
ehsteve12
These have been popping up in my city as our temporary rent cap (max increase 2% per year) is ending in 12 months and rents are doubling
MeestowKitty
There is no inflation. It's just non-stop corporate greed.
redbaron707
Always has been
fpsnoob
I wanted to say that there should be laws restricting how much you can increase rent, but that would be too "socialist" for 'murica
JorgeLourenco
I did my part. Wish I could give them zero stars.
vash77
Thank you!
TheTanGinger
Don’t forget corporations buying up residential homes to rent out or to just drive up housing prices in general.
EroticZombiePants
The ultimate goal of Capitalism is creating a World of permanent indentured servitude where every last penny someone makes goes directly ...
EroticZombiePants
To a small group of people on the top insuring it's impossible for that someone to excape the system.
silverbackbob
Hahaha, it looks like 3 years ago they had their employees all right them 5 star reviews. Red flag for sure!
Anlurai
Definitely talk to your city council and contact your local news outlet about this. This is what's destroying Los Angeles.
Anlurai
Once the rich get this much control over housing, it affects wage rates and SO many other things. Nigh impossible to get under control.
Anlurai
They play it like the PS5 market around Christmas - buy them out, resell for higher - but with housing. It's a rich people's nasty game.
woozle
Midgarmerc
Forbes: "millennials are killing the housing industry"
Tassyr
Come meet the new boss, same as the old boss.
TheBushwookie
Appropriate then as it is now. We're in a second gilded age, but worse. Wealth gap is larger now than it was in France before the revolution
Remmon1
The solution hasn't changed though.
Anlurai
This is what's been going on in SoCal for many years, and I can say without a doubt that it's now the main reason we have so many homeless.
Anlurai
And you know what? All of you, in every other state, should be concerned about this because the same policies and people who allow this here
Anlurai
are taking this same kind of business model to other states. This could happen in other countries, even.
llehctim787
The worst part is they want x3 of what the rent is worth a month. So I would have to make over 4k a month. Rather buy a house for that price
Kunitsu
yeah... might as well pay your own mortgage instead of theirs
KaratheStorm
Rent is more than mortgage payments but not approved to get a home
lastephana
Living in a cave as an ice age hunter/ scavenger is starting to look real good
afatrollofmyown
Living in a cave would sure save on heating and cooling. Though the moisture could become a problem.
NonstopRampage
Hunting the rich for fun sounds pretty good too
lastephana
We need about 2 and world hunger is solved.
TheFeralDog
FYI without improvements this is illegal
Hambonerhandy
Most places in the US have no laws regarding rent increases.
Mindcrime
I live in Floriduh, and not only are there no rent increase laws, they preemptively ban rent control regulations. 30% increase overnight.
GenStrike
I'm sure it depends on where you are.
GenStrike
Regardless, legality aside, it's morally and ethically wrong.
DanFendi
They will happily lose that lawsuit over the course of six years while you have no place to live, ending with them paying a paltry fine
Init1alDee
yup. you can change rent when you get new tenants. And the fine they pay will be equivalent of a couple months rent from 1-2 tenants.
trippingthelightfantastic
dezzy435
And the other half live in vans
PrincessWendyB
Republicans did everything they could to kill education
malbec
The. System. Is. Working. As. Intended.
Pokegeologist
I got kicked out if the house end of 2021 to force me to take a better paying job and be an adult for once.
Pokegeologist
Parents look at my gross income and can't understand why I'm constantly broke, never leave the apartment, and am looking for a side job.
howwouldyoudescribeyourself
Infuriatingly unfair, I'm sorry!
JackHL01
just don't buy starbucks . . .
Remmon1
It's because they expect you to spend 1/4th to 1/3rd of your income on housing, not 50%+. They're living in the past.
Pokegeologist
Dad was dying in the hospital and Mom told me either get the job or find someplace else to leave.
Pokegeologist
I had to quit both my jobs w/o warning and didn't really have time to pack. I didn't have the headspace to focus.
GarmBlack
That's the shitty thing, too. I don't get how capitalist apologists say "competition reduces price!" when we h ave absolutely zero
pixelsnader
Companies competing for customer base reduces prices. People competing for a house raises prices. Prices are dictated by supply/demand.
PajamaStripes
Competition does reduce price, so all the companies stopped competing and started to collude instead. Then they wiped out any competition.
Gayforbae
Whats even more shitty is this constantly disrupting peoples lives for moving. Which cost money, and most cheap furniture can't be moved.
Lyconous
Competition does reduce prices. Problem is there's no competition because all the corps collude and make defacto monopolies
DarkDuskBlade
It should reduce prices... When there's competition and regulation. But now there's neither, at least in NA.
GarmBlack
accountability for price fixing and gouging of necessary services such as housing or medicine. Like no one in power is saying "hey, the
GarmBlack
average family income in your area is 40k a year. Maybe housing shouldn't be 2000 a month for a 2 bed... "
Taxicat
Not to mention everything being decided based on the exact same algorithm.
malbec
They don’t have to believe the talking points, that would require thought. They just want to be able to say them.
Clockworkdancerobot
That's the lie. Capitalism doesn't reduce prices. Lowering prices is only a temporary measure to gain market share and hurt competition.
Clockworkdancerobot
They bide their time to gain market share and raise the prices back again. A competitive market isn't highly profitable.
vash77
I've left them a bad review on Google and the BBB, what else can us little people do?
ILostMyNameHelp
Get enough little people. Make some big heads roll.
GarmBlack
Problem is they've kinda cornered us. Like a GREAT thing to do would be boycott all Blackrock owned businesses until housing prices (a
GarmBlack
field they are also heavily invested in) come down, but they are so ubiquitous it's hard to do that, and most people probably wont or cant.