Thought the pandemic was bad? Welcome to pandemic/post-pandemic housing market in North Carolina for service workers:
As an update, the company issued a statement saying they pulled the property off the market in response to our reaction. It was "not company policy," but "client request." What an obfuscation of responsibility... https://www.facebook.com/876552219039791/posts/28022458037355842/">https://www.facebook.com/876552219...
What was that Marx said about capital producing its own grave-diggers? @khan_abe
@greg_doucette weighs in on the legality of this would-be contract: https://twitter.com/greg_doucette/status/1276647289986134018">https://twitter.com/greg_douc... TL;DR though the law in NC is dicey (read: doesn& #39;t spell out a restriction on "prepaid rent"), a court would likely rule this illegal as an over-the-cap security deposit in disguise.
Gotta understand these efforts as systemic. This is not isolated, novel logic, or going away: https://twitter.com/curiousjo9/status/1276733159971815425?s=19">https://twitter.com/curiousjo...
Rental increases, even ones much larger than this, are nothing new. We can expect them to keep on keeping on even and especially as companies face economic pressure.