Yeah, I could bang on about this all day. Wealth extraction from areas which were never particularly rich to begin with, all so landlords can make disproportionate amounts of money taking advantage of vulnerable people. And this is considered normal behaviour, they're not ashamed of what they do.
I suspect a lot of houses around here are divided up like that, high rents , relatively fashionable area.
This happened a lot in the suburbs of south Manchester. Well, not the cramming lots of vulnerable people into HMOs at a premium and trousering housing benefits. It was more that around 30 years or so ago, landlords were buying up loads of family homes in places like Rusholme, Fallowfield, Withington, Didsbury, and they'd turn a three bedroom family home into a four bedroom shared house for students - three original bedrooms, plus converting the downstairs sitting room into a fourth bedroom. Or turning a four bed family home into a five bed student house, five into six, etc.
And it ended up making lots of local residents miserable. Families were living next to student party houses. There was loads of disturbance and litter from drunken students staggering from from a night out having stopped off at the kebab shop or for a pizza, and lots of take-aways popped up to cater for the students, resulting in more mess. At the end of the year, stuff would be left outside in front gardens by shitty landlords, like mattresses and broken furniture. Gardens were overgrown. Houses weren't properly maintained or repaired. Crime rocketed, because burglars knew that if they broke into a house, they weren't just going to get one or two televisions and a computer, like they might in a family home, each bedroom would probably have a television and a computer or laptop, plus other electricals, keyboards/guitars, etc.
[I lived in a house in Withington that had been split in two. Landlord lived in ground floor flat, me and another mature student lived in the two bedroom flat on the first floor. One night we thought we were being burgled... my landlord tentatively opened the door after the noise died down, it turned out a drunken student couldn't find his house, (which was actually next door to ours), and there were a load of neighbours on their doorsteps who'd been woken up as the student had tried his key and rattled door after door in an attempt to find his own house.]
Anyway, the council eventually got into bed with property developers who started to build blocks of private sector student flats. And they introduced a licence scheme for HMOs, which prompted some landlords to sell up and discouraged others from buying up and converting family homes into student shared houses. The private sector flats were much more expensive, but they were very trendy, having single bedrooms with en suite bathrooms, instead of rooms with shared bathrooms like in many traditional halls of residence. Of course, that came at a premium. But student loans had been introduced, and some students were less cost conscious. The price of student accommodation went up and up and up, but the trend was set.
It became council policy to try to restore those former studenty areas back into desirable suburbs with decent sized family homes. Except they displaced the students into areas closer to the universities, which had been undesirable inner city areas. So they displaced the problem away from the suburbs which got re-gentrified, and into areas like where I live, which have become de facto part of the extended campus, which has swallowed up lots of land and facilities. Waste ground and green space has been built on by the unis, the uni and private developers are building student halls and 'apartments for professionals' aka yuppie flats, every which way you look.
Local pubs have been shutting, they're not financially viable - students are told to socialise in town, because it's 'not safe' to venture into our local community at night. So they stay inside their little gated communities and have parties with no social distancing (breaking Covid-19 lockdown laws), then they pop to our local shop in their pyjamas for more vodka or whatever, like modern day Typhoid Marys. They were all over the media last year. I nipped to the shop the other night, there were loads of them partying again.
Local residents are treated with contempt by the council and the universities. The 'big business' of the universities takes precedence over local people's standards of living.