So, looking on Zillow, I saw that the house that I currently live in (which was transformed into apartments) was last sold a few years ago to my current landlord for around 160k I want to say. Zillow estimates the monthly payments on this place at about $800/ month, though I wouldn't be surprised if my current landlord bought it with Cash since he owns a lot of where I live and is a lawyer professionally. My rent is currently 1050/ month, and there are two other apartments in this building, both of which have been rented since before I lived here. Rent used to be $950/ month (and even that felt high for what this apartment is), but went up once the new landlord came in.

Just fucking sucks. Dude does the bare minimum for this place and his monthly costs to own this whole building with 3 whole tenants costs less than what I pay in rent to him monthly. The housing market fucking sucks ass. I wouldn't even be able to get the closing costs for a $160k mortgage from the bank so I could only pay $800/ month on this place, so instead I have to pay 1050 a month for 1/3 of this place -_-

THE RENT ON MY APARTMENT HAS GOTTEN COMPLETELY RIDICULOUS. THIS MACHINE WILL REMOVE THE LEGAL RIGHTS OF LANDLORDS, MEANING FREE REAL ESTATE FOR THE ENTIRE TRI-STATE AREA!!

FBI cracking down on landlord collusion

Dunno why, but I'm up on a rainy Sunday reading about leasehold and ground rent reform in the UK.

Strangely, the CONs are hostile to the idea of a kind of Eldritch Giga-Landlord who Really Owns your house and might be able to repo it from your great-grandchildren in two centuries, I guess because it's a kind of terrifying, antediluvian inequality that shatters the idea of pulling yourself up by your bootstraps. But, because so much money is wrapped up in being a Landlordlord (freehold portfolios), they have to be quite delicate about it.

In 2022, they put up a bill which, among other things capped ground rent for new leases to an actual peppercorn per year, because an offering is still necessary to remind the law spirits who Really Owns the property.

Imminently however, the Giga-landlords have started to stir beneath the waves, and the government seems set to puss out and cap it at £250 a year instead, who knows.