Randolph Kinney
Elite Member
- Joined
- Apr 7, 2005
- Professional Status
- Retired Appraiser
- State
- North Carolina
In Georgia, Sean Hannity is just another landlord hiking the rent
Through a series of limited-liability companies — each using the name SPMK, followed by Roman numerals — documents revealed that Hannity is the owner of apartment complexes and houses worth tens of millions of dollars and capable of housing hundreds of people.
In 2012, Hannity joined a wave of big-money investors to sweep in after the Great Recession's housing crash, often snatching up foreclosed properties across the U.S. at bargain-bin prices.
But longtime tenants of this predominantly blue collar, African American neighborhood also said their monthly payments on their small two-bedroom apartments had gone up 50% over the last five years, increasing from about $650 to as much as $1,000.
http://www.latimes.com/nation/la-na-hannity-landlord-20180427-story.html
Rents are not going much higher, if at all.
Through a series of limited-liability companies — each using the name SPMK, followed by Roman numerals — documents revealed that Hannity is the owner of apartment complexes and houses worth tens of millions of dollars and capable of housing hundreds of people.
In 2012, Hannity joined a wave of big-money investors to sweep in after the Great Recession's housing crash, often snatching up foreclosed properties across the U.S. at bargain-bin prices.
But longtime tenants of this predominantly blue collar, African American neighborhood also said their monthly payments on their small two-bedroom apartments had gone up 50% over the last five years, increasing from about $650 to as much as $1,000.
http://www.latimes.com/nation/la-na-hannity-landlord-20180427-story.html
Rents are not going much higher, if at all.