This is why I’m moving:
I saw it happen a number of times over the past 4 years. Big outside investors buy out entire apartment complexes, make a few repairs and then start raising the rents of everyone living there. I was at Rock Creek 185 Apartments over four years when they raised my rent $85 a month and then $50 more a year later. Keep in mind I basically lived in a closet 13.5′ x 13.5′ or 182 square foot sub-studio. In the end my rent was near $800 a month for that tiny space. It was infested by fruit flies and loud, obnoxious younger tenants with barking dogs, cigarette smoking illegally and pot smoking in the hallways. I had no choice but to move. I broke my lease after giving 30 days written notice and having never being late on my rent. They sent a collection agency after me and ruined my credit. My only income was $1400 a month in social security. I couldn’t afford to pay rent, pay for my medications, utilities and food. I had to move. I’ve moved 3 times since, running from the ever higher rents. When my present landlord informed me after I’d lived there 1 year that he wanted to sell his home I decided to get the hell out of Oregon altogether. It’s the same for everyone who must rent here.