[pacquiao882]

The entire town I live in is single family homes owned by a few slumlords renting $400k-500k houses which they bought 5 years ago for $200k-300k. The rent has gone up 20-30% in the past year; however, the demand to rent is still high since no one can afford to actually buy anything.

[HeyLaughingBoy]

Where do you live that a $500k house is considered a slum?

[akjetma]

"Slumlord" is sometimes used to refer to any profiteering landlord, regardless of the property

[abalashov]

Oh, plenty of places. SF certainly. Stamford, CT, and lots of other places.

[HeyLaughingBoy]

Oh yeah, Stamford.

Where $900/mo got you a 1BR apartment over someone's garage 20 years ago. Wonder what it gets you now? I forgot how bad Fairfield County was after I left.

[zardo]

You can afford to just be homeless every other month.