I guess this is a cautionary tale.
I was recently having issues with my Gmail account that's tied to my Epik ( a domain registrar ) account, so when I was supposed to renew my domain, I didn't receive any e-mails about it. When I decided to randomly check on my website, it seemed to be down. So I checked Epik and a domain that usually cost £15 a year to renew now cost £400 to renew as it was expired.
As a teenager who does not have £400 to spend on a domain, I decided to just wait until the domain fully expired and buy it for a cheaper price.
After some time, the domain fully expired and GoDaddy decided to buy it as soon as it did, and charged me £2,225 to renew the domain. I don't understand how a price that large is justified, considering that my website gets barely any visitors and I basically only use the domain for hosting stuff. No idea how hiking prices this much is legal
The .com of my last name is taken by an actual business. Fine, no issue there. The .net of my last name however is being squatted on by Hover, who seems to have done the same with tons of last name domains and are selling email addresses on them in the form of firstname@lastname.net. The .org of my last name is currently redirecting to the .xyz of my last name, which looks like a family's personal website that lists their address and phone number as a header at the top of the page.