2026-05-11 18:12 UTC
@mayorbeetles@pagan.plus kinda an aside on the renting market in the Midwest / flyover
A friend got a 2 bedroom house that needs fully reno-ed for $350/mo in 2017. She moved out in 2023 when the rent was $900. No improvements to the property had been made, everything was getting worse.
In 2019, the property was sold for $25k. The new owners increased the rent because they needed the ROI.
It still hasn't been reno-ed. The foundation is crumbling, the porch is rotting, there's literally dollar tree duck tape holding parts of the venting together. The carpet was threadbare when she moved in, with subfloor showing when she moved out and in the rental photos.
It's currently being rented for $1,300/mo. If they fixed the porch, the main entry to the house, a porch so rough USPS won't deliver on it. (They moved the mailbox off the porch, instead of fixing the rot), they could probably charge $1,600-1,800.
Replies (0)
No replies.