The landlord had told them he wanted to raise the rent to $3,500 and when they complained he decided to raise it to $9,500.
“We know that our building is not rent controlled and this was something we were always worried about happening and there is no way we can afford $9,500 per month," Yumna Farooq said.
Sounds like you’re saying you can buy your own house. So go do it.
The bare minimum of research would tell you to qualify for a mortgage to buy an apartment is much more difficult than being able to rent.
I worked in real estate. I’m aware of how a closing works.
Apparently not lol
Wow I never thought of that. It’s almost like people treating housing as an investment portfolio, corporate landlords, and greedy developers have made all the housing around me completely unaffordable.
On top of that, I wouldn’t qualify for a mortgage of that amount, despite the fact I’ve been paying the same in rent for nearly a decade.