A Peter Wang is an outrageous, insane, obscene, unjustified, illicit, predatory rent increase imposed on peaceful (usually senior) residents living on very low or fixed incomes.
A Peter Wang is 'a wolf in sheep's clothing', presented as a necessary rent increase to bring the living standards up to reasonable levels that will enhance the quality of life for the residents. The rent increases are presented as caring, compassionate, almost loving gestures that are intended to 'soften up' the residents to accept the rent increase without resistance.
The reality of a Peter Wang is that it is predatory, about pure greed and generally destroys the lives of the (senior) residents.
A Peter Wang is 'a wolf in sheep's clothing', presented as a necessary rent increase to bring the living standards up to reasonable levels that will enhance the quality of life for the residents. The rent increases are presented as caring, compassionate, almost loving gestures that are intended to 'soften up' the residents to accept the rent increase without resistance.
The reality of a Peter Wang is that it is predatory, about pure greed and generally destroys the lives of the (senior) residents.
Our mobile home park has recently been purchased by a Northern California investor ... looks like we'll get a Peter Wang.
by Tonestir August 19, 2017
by xxclandestinexx March 8, 2009