Absolutely wild that this company took government money to help buy these apartments and have spent basically nothing on keeping them in livable condition. Whenever you see things like Private Equity taking over important things like housing or hospitals or whatever, its never good. They're companies just looking at some kind of business intelligence dashboard thats telling them to buy this thing and never spend more than this much on it with absolutely no care as to what that thing is or who can be hurt by that mindset
this post was submitted on 23 Oct 2024
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A Boring Dystopia
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More accurately, it's an epidemic of corporate landlords not fixing stuff that needs to be.
While individual landlords can be terrible, a lot of them did actually own the buildings and care for basic maintenance at least.
For corporate systems it's usually just numbers on a spreadsheet.