The landlord had told them he wanted to raise the rent to $3,500 and when they complained he decided to raise it to $9,500.

“We know that our building is not rent controlled and this was something we were always worried about happening and there is no way we can afford $9,500 per month," Yumna Farooq said.

  • fatalicus@lemmy.world
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    1 year ago

    They are talking about scalpers, not the company selling the tickets.

    Landlords are like scalpers: they go in and buy up the supply, so they can resell (rent out) for a higher price.

    The people originally doing the selling (artists in the case of scalpers. Developers in the case of landlords) see nothing of the increased price.