The Urban Homesteading Assistance Board (UHAB) has a great video of tenants and elected officials fighting "predatory equity." That's where a landlord obtains a mortgage for much more than the building's rent payments are worth (hoping its value will increase). To pay the mortgage, the landlord must either
- get rid of tenants paying affordable rents and bring in higher-paying tenants, or
- stop maintaining the building.
Then the tenants REALLY have to fight. So watch the UHAB video for a great example.