I didn’t rent anything. Over 14 years, I provided Reddit with content and worked for free as a moderator. In more recent times, I even paid $5.99/mo for a premium membership. Users like me and the communities that we helped build, are what Reddit is throwing away. It’s sad.

You built your dream castle in someone else's yard. You managed to get a bunch of visitors to come make the castle even better. The owner makes money on ads on the property so the more visitors the more income.

Now they want to charge for some aspect that was free and you decide not hang around anymore.

You say reddit is throwing it away when you are the one who is throwing it away because you have to pay if you want api access.

I already was paying. As mentioned in my comment, $5.99 a month.

The infrastructure costs next to nothing compared to what they're charging. There is a natural equilibrium point between communities, the landlord, the moderators, etc, and this clearly isn't it. Someone else will find it though.

The equilibrium is between what the market will pay and supply.