After Charleston-based mega-investor Greystar bought his downtown apartment complex, Joey Bales knew his rent would go up. What he didn’t expect was for rent to jump $400.
Bales, a 45-year-old Tennessee native, had been stocking up cash for a down payment on a home but had wanted to wait longer to buy — especially with Davidson County’s asking prices through the roof. But after doing some back-of-the-envelope math, he realized that his new rental rate was basically the same as what a mortgage…
