this post was submitted on 03 Jun 2026
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[–] infuziSporg@hexbear.net 7 points 3 days ago* (last edited 3 days ago)

This is actually not even that profitable, because these units are going to be renting for a minimum of $500 a month (if they're studios), $25 is 5% of that. If it's a 6-month lease (unusual) at the bare minimum baseline price then $25 per lease cycle is 10% over the previous year. Inflation is 3-4% per year. A typical apartment is going to be on a 12-month lease with a predetermined rental rate for its term, typically about $1500. A $25 rent increase underpaces inflation.

I guarantee you he is raising his rents by much more than $25 every go-around. He's also just flashing his money saying "look how much I have", not revealing the more shocking logic of how he accumulates his wealth, or the reality that the odds are overwhelmingly against the average person being able to do anything like that.