How much is your rent? | $65,000 needed for a 2 bedroom Sacramento apartment
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- čas přidán 7. 07. 2024
- Monica Coleman spoke with a realtor about why the rent has increased in Sacramento.
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The bay residents moved to sac and the greezy landlords are raising prices
Exactly
More than that, it’s not actually about people moving from the Bay to Sac... it’s more about investors expanding their reach. Many homes around San Joaquin Co that I’m aware of are owned by people that either live in the Bay Area or work based out of there and live abroad for most of the year. My friend was living in Lathrop for a few years the House next to him was off market, not even rented out, and went completely empty for two straight years. The market is straight phucked for regular people.
I've been saying this for years.
It's hard to afford a bedroom apartment in Sacramento. Compare to 4 years ago the rent went up as much as twice, but the household income hasn't growed to catch up with the price going up day by day
So fortunate to get out of the rental market in 2017. Rent rates were so unpredictable year over year.
At that rate, I could afford to rent a kitchen cabinet.
🤣🤣🤣
so leave an apt vacant is more cost effective than then bring the price down lol
So how are folks supposed to live? I swear these landlords are so greedy. Because the rents are so high, they will lose those same properties due to their greed. Lower rents brings longtime renters.
What happened to our city??
The bottom is going to fall out of the housing market. Not many people in Sacramento earn enough to pay that kind of high rent. The apartments will sit empty and the landlords will lose money. The owners still have to pay property taxes and home owners insurance while the units are empty.
I really hope these landlords learn a lesson eventually. Their prices are abuse. And the apartments don’t even look that great. The apartments are outdated.
@michael boultinghouse more than half the country is foreign and your ancestors aren’t even from here these are native lands. So nobody is leaving Mr.ithinkimbetterbecauseidonthavemelaninandmyskinburnseasierinthesun
@@Nellybellyjellynelly don’t feed the trolls ;). You good Nayeli.
Yeah I Live in a small mountain resort town in CA and for 6 years I was paying $800 per month in rent for a small 1 bedroom.. owner sold so I needed to move could not find another 1 bedroom. For less than $1400. I had no choice. I now pay $1425 for a small 1 bedroom and now just for a studio in my town your paying about $1300 - $1600 bucks. Everyone from the city purchased up condos and homes well over asking price and everyone is renting it out via air bnb. Crazy times. I can't even afford a small condo where I live no way can I compete with all these rich people. They are paying $30,000 - $60,000 over asking price
And most times, they're buying with all cash. Who can compete with that?
You're correct and it's happening all over the United States. But specifically here in California it's been off the hook since the rebound from the housing crash. The number one thing that can be done to fix this is to take investment money out of residential real estate. Only owner occupied moving forward with the exception of brand new building and multi-units of five units or larger. A huge part of the demand has been investor backed money from huge portfolios to huge corporations buying and renting and including the small investors. We might be part of a free capitalized market economy but when the quality of life has been so adversely affected it merits that we take investor money out of residential real estate at least for a while to get this problem fixed. It was a shame after the housing crash it could have been something that people were able to get back into homeownership but huge companies came in and bought thousands of homes in mere months spiking the cost from being affordable to overpriced in a short time. When one company comes into an area and buys 3000 homes within 2 months and puts them on the rental market they alone can help set the trend to rents being higher. Bottom line is if they don't get this s*** under control you definitely never going to get the homeless problem under control.
In the past it was make 2x the rent now it's 3 and they wonder why places are not being rented how sad I grew up here but at this rate alot of people will leave
He was paying $800 a month? Was he renting out a garage?
And they wonder why people are leaving California in droves. The greed of landlords is outrageous.
65 k gets u a studio in the bay
Welcome to inflation folks
Factsssss. Rufffff outt herrreeee
It’s time for people to either leave to another state and leave these landlords with empty places or to set our foot down and prevent this from getting worse.
Small 1 bedroom is $1,300 that's after 10.years. if I move they can rent at the market rate of $1,700!
1400 is still low rent in Sacramento
Priced out, but where will you go? Manteca?
@@michelebush2138 is California just going to be expensive everywhere now? Maybe the north will finally get more populated..
It’s already ridiculous in Manteca. Take a look at newer apartments like the Atherton and Tesoro. 2,065 and 1,886 starting for 1br1ba. Looking at north of 2k for 2/2. Anything less I’m sure gets snatched up faster than you can say “well f]*} me”
born and raised in sac but i decided to just move out of state. i would like to come back though someday if prices come down.
This is why you try to buy as soon as you can save every penny. Then rent it out for unreasonable prices and buy another .
i paid my house off in antelope and moved to nevada and with the proceeds, i paid off my house here
If rent was reasonably priced, don't you think everyone can pay their rent on time? These landlords are dumber than rocks. When your community thrives, you thrive with it. Keep raising the rent and your ship will sink because everyone has jumped ship for your greedy ways. Good grief!
Housing market crash 2.0 coming
Only a matter of when it seems with current admin printing out funny money by the trillions and cutting off our energy independence. Housing in much of San Joaquin Co are nearly triple in value from 2008 already.
California voted so they couldn't raise the rent like that on you but it didn't pass and now you guys are all complaining about it Going up should have voted for It
Should have voted not to raise rent. Probably because of racism. Now those who voted against the rent not going up is feeling it because their rent went up!!!
So make it make sense and reduce the rent to a realistic price.
wait, so they leave the apartment empty because they don't think people will be able to afford it. Some janky a$$ Bull $hit!!
The rent is raise too high, I wish all the landlord will go out and sleep in the streets until the day end of their lives.
Dont leave
This is a major problem.
Can always move to Stockton
1400 that's low if he n her make good money that's only 700.00 a piece they are getting big off hecka cheap there crazy to complain unless there in a dump
How do you think all these migrants they are moving into our area is going to do to the prices ?
Good f him with his resist shirt. Awe poor thing.
No way！Sac town is not that expensive.
Oh but it is
Laughs in reality.
I just moved here back in November and watched prices steadily increase from July through now. Finding a place to buy was nearly impossible because many buyers were coming in with cash. Rental units are truly scarce.
#renttodamnhigh
More homeless heading to the streets ,!!!! Great job Democrats ....
Owning is far easier than most think . with minimum wage and a little over 600 credit . you can own ..... If my family did it on 1 income and that being minimum wage you can aswell . $80k home loan is $500 a month . but most people try so hard to live outside of their means . $50k cars $200k home etc . live in your means . is really all you have to do ... There are specific mathematical equations for any income to prevail etc ..... Problem is most listen to others rather than actually trying ..... P.s. move from tourists states . People are so tuned into trying to have a certain lifestyle while their budget cant handle that lifestyle . time to trade in that champagne budget in for a beer budget 🙄
@Lord Truth smh ? Yes actually it is ...
@Lord Truth its actually simple math ....
@Lord Truth and to be honest thats with interest and insurance ....
“NobOdY cAn aFfOrd It!!” 😱😱😱
Says only people who have no idea how supply and demand work. Such nonsense. Obviously SOMEBODY can afford the rents! 🤣
Plus, when you enact rent control, a landlord/manager MUST raise rents as often as possible and to the maximum extent so as not to fall behind. Making it hard or impossible to get people out also makes it logical to get maximum rent and be maximally careful who you rent to.
Sacramento (and other places) enacts all these stupid policies to “help” people never ever understanding that they have not ever hurt the poorest. 🙄
You're explaining why nobody can afford it while saying "funny joke hurhur".