With no rent control in Florida, couple's rent goes up $800 in month
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- čas přidán 3. 04. 2022
- Marc Jacobs and his fiancé Rivkah Kranz have lived in their apartment complex near Boynton Beach for two years. In fact, they were about to sign new lease when they received their "sticker shock": monthly rent going up from $1,745 to $2,540.
This is why people start doing illegal activity for money….
ButterFlyEFX great idea you get free room and board in jail.
That’s loser talk , what people do is get a second job
@@Littlekitten_ not in Orange County CA.. what people do here is get 2-3 jobs and a roommate who has 2-3 jobs as well as other stuff on the side. You’ve got no idea how bad it is in California, way worse than Florida I promise you. Come over here and try and find a spot for less than 1300… 😬
Thats smart going to jail.
What are they doing with all that money from that sweet tax cut the trump administration gave the wealthy, yall are just being greedy
People saying that you can just go buy a house for the same price are so ignorant and dont know anything about the current state of the housing market. Most homes for sale here have multiple offers causing bidding wars raising the price to unaffordable.
People are doing it everyday!
@Bryson Hall I’m not struggling dolt . I planned worked hard invested and made sound financial and educational choices . You’re a joke
Try 50- in NJ - and adding $25-50 thousand cash directly to seller
My granddaughter got in last year bc they bought at age 18 yro& it doubled & they had saved every cent
Took over a month& but they got it- $375+$25000 cash
His mom paid $400 in Florida for a home that was $125 3 yrs ago
It's insane.
Morons also don't realize that the costs of homeownership are way more than just the mthly mortgage. My friend's prop taxes went up to $1,000; there's also mortgage ins ($87 mthly), homeowner's ins ($166 mth), plus the $$$ you need for the inevitable repairs and maintenance. And trust me, you WILL be spending $$$ on repairs/maintenance. Many homeowner's are just one leaky roof, broken heating/AC, flooded basement, or vermin problem away from missing a monthly mtg pmt. Had a customer that had to shell out $1,300 just to get a tree trimmed. Do you know how many Americans don't even have $1,300 in their bank acct? Wake up, folks. Just because a person can pay $1,200 in rent, doesn't mean they can afford a house with a $1,200 mthly mtg.
Exactly not only that but your have to be working more than 2 years, same company , have good credit , it’s not that easy unless you pay cash !
If you ever had any doubts of inflation, high rent in the '70s was 250
Where were you in the 70s? In 1975 I was a police officer in a very large city with 3 years experience, a wife and one son. My monthly salary was $1200.00. (before tax) My house payment for the home I bought in 1973 was $244.00 and it was difficult to make that payment for a young family. $250 in the mid 70s was a LOT of money.
In 1987 I rented a one bedroom apartment in Northeast Dallas for $315. My First home in Arlington TX in 1988 was a 3-2-2- new home with 1400 sq foot for $65,000. (though the interest rate was 10% so my total payment including taxes and insurance was $727 and my take gross pay at the time was $2300 a month.
@@paulconner4614 and now wages adjusted for inflation are the same but cost of living has gone up.. people are spending 1/3 to 1/2 of their income on housing alone now a days
You do realize the purchasing power of $250.00 in 1974 is equivalent to $1300.00 today?
I had a one bedroom apartment in the 70s that was $350 and I was barely scraping by.
Florida currently has over 1.7 Million vacant homes, while Florida also has over 30 Thousand homeless.
Convince me this has nothing to do with wallstreet landlord price gouging, unfair & deceptive trade practices, and corporate greed.
You hit the proverbial 'nail on the head'. I am a landlord in CA, and rent control here has made things challenging, but NOT impossible. We get increases, we have happy tenants, but you have to actively manage your inventory. What we have here--and most people are unaware of it, is a feature in the CA rent control law that effectively prohibits corporate purchasing of single family homes and condos by a corporate entity and then evading rent control. It sounds weird, but that part our rent control law, is often overlooked. There are ways around that feature, but the penalty if an investor is 'found out' is brutal. Let's not forget that Mr. Trump's Treasury Sec Steve Mnuchin made billions of dollars in the aftermath of the 2008 mortgage meltdown by becoming a corporate residential landlord. His company didn't buy one 2x4, but they ended up owning hundreds of thousands of rental units.
Gov Di Santis never met a Wall Streeter he didn't love, and with FL's legislature so divided I wouldn't put much hope in a solution being found.
It has to be way more nuanced than that.
@@brentfisher6484 Those same corporations have abused many tax laws by purchasing billions of dollars in inventory of homes intended for rent and not re-sale, that they bought for cash over the last 15 years while pricing out the average home buyer. Look at most Southern states like Texas and Florida for examples. I'm 65, while growing up homes cost around $30,000 for a nice brand new construction home. I wanted a Mustang, I remember when they came out a brand new car cost around $800 to $1,300! Then we grew up...
We all know it's corporate greed- black rock - Dems fav multi national Corp is buying everything & renting at ridiculous prices- there is not much housing bc everything is being taken by Catholic charities to house new arrivals from the border
Now they will build big projects & house all the people who can't afford anything else-
@@lindagarris7861 "Blackrock" & Blackstone are run by Trump ally Stephen Schwarzman.
"Everything is renting at ridiculous prices" because they resell their properties between their subsidiaries for well above market value.
I feel doom regarding this subject daily. I'm 40 years old and can't even afford to live alone. I make $65K a year and still live with roommates. Between the student loans, rent, and the overall cost of living...I don't see a way out.
Work overtime and, or get a second job. Stop being a complainer
@@BP-vr3rtbootlicker
@@BP-vr3rt You come off as not having any empathy lot of people are dealing with being priced out and it's only going to get worse. Internet just gets worse and worse not having no love compassion or empathy for others. You don't know Johnny from a can of paint and what his situation is.
@@BP-vr3rt The reported level of inflation is a fraction of reality. The grocery store industry has completely highjacked the economy. The price of tires has not gone up or Flat screen TVs . Rents are high because they can get it now but i have seen many in my neighborhood leave after their first lease expires. Not having steady renters could be costly if the labor needed for turnover work becomes expensive and often. The economy now is not what anybody expected two years ago. Its very difficult for anyone living in a country whos government does not represent its citizens but only governs for corporate America. People have every right to complain when their government does nothing to ensure people are not simply taken advantage of. If you think a box of cereal needs to cost 6 dollars your an idiot. So few people control so many good and services it all to easy to keep a monopoly in most markets. The United States is the largest landmass in the world with no operating government ruling for the masses.
Tires and TVs are cheap because people in third world countries are still paid $2 a day.
More homeless people on the streets with all this rent increase.
People wants free housing but dont want to work harder or go to a trade school to make more money the government has lots of free schooling program to has a career but people to lazy to so it and now cry about no money for rent
I live in a 3/2 with garage “luxury” townhome apartment in Delray Beach and my rent started at $2300 two years ago. This month I got a notice, for my renewal at $3700.
The market down here is insane and everyday I see more and more people from other states settling in and pretty soon we are going to be paying California prices down here Jeez..
Eventually I had to settle for a 1 bedroom w garage “townhome” for $2500.
Good luck trying to buy a house and getting out bid by cash ready snowbirds.
And investors
Delray is hot. Purchase price is crazy too.. to buy that townhome would be like $3400/mo so you aren’t losing out too much.
@@joedavenport2477 yea foreign investors who won’t ever live in the house. They just want to park their money.
Well dont move 2 California.. it's going up here 2.. Mexico is cheaper.
Should’ve bought
This is happening in ALL states, people paying $2500dollars for rent when you make less which means no food money
This is Why we need rent control
@Beyond Tribalism for what! Here in Miami a studio runs for $1500, $2000
Not in Illinois. Can still find cute one bedroom apartments for $650/month.
@@zane8789 Yeah but you pay an arm and a leg in energy cost for heating.
@@iveyhealth2266 I own my home at 22. My electric for the month was $49. My gas was $120. My mortgage is $400 which includes property taxes. How am I paying an arm and a leg?
My old apartment went from
1850 to 3,000 a month and I had to make 4x the rent. I’m 25 thank god I know not to live beyond my means I got out of there so fast lol
This was in tampa btw in the city which I know is cheap compared to some other places 4-5k+
Last time was sucked in to a rental, I took a lease for 6 months and when I was asked to o
Smart
I'm shocked by the 1850!
It's not just renters! As a homeowner, my expenses also went up by almost $500 a month. Why? Because property taxes and insurance both went through the roof! Add the increased cost of utilities and public services, and homeowners are feeling the burn just like renters. Hey Government - stop giving away our tax dollars and taxing us into oblivion!
My car ins went up
$7.00 a month and I'm car pooling...
Exactly
@@fredgervinm.p.3315 Lol thats sad. Is there a way to prove you dont drive that much?
@@sidneyboo9704
State Farm is just the first of many and the whole country is in this mess...
Homestead Laws keep property taxes from going up like that ,you lie
One on my best and closest friends is a realtor in Florida and he told me today a house that he was the agent for was listed at $435.700 just changed to $575.950 this afternoon. It's a small 950sqft 2/2 cottage in a so/so area.
So do you want the govt to put price caps on houses so your friend the Realtor cannot raise the price ?
Ours went up by $400 here in Ocala. And complexes who rented 2-3BD for $800 or less at one time are now renting same units for easily $1600-$1800!!! It's INSANITY 😡
And we get about 5% raise at work 😏 but rent is up 40%-50% + food, gas, utility is also up
@@Midwest.. EXACTLY! Rotten r@t b@$t@rd$ 😡
Keep voting democrap.
I wouldn't live in an area with that going on especially in Florida. The state isn't worth it, and Ocala damn sure isn't worth that kind of money. These landlords are getting away with it because people evidently are foolish enough, to keep paying these greedy landlords. I'd say the hell with the area its obviously not going to get cheaper for people. The type jobs needed to afford the area are never going to be there. From what I have seen of Ocala its Warehouse central and a few hospitals as the biggest employers. Or it means a long commute to some place else for jobs. Those kind of wages in Ocala are not going to pay that high rent, that is only going to go up. Good Luck.
Someone is paying it, aren't they, or the rent wouldn't be that high! People will pay whatever the landlord demands, and most will find a way to do it, even if it means working two jobs and picking up aluminum cans. People are not doing anything about it, just complaining, so what is the problem?
And a lot of places require you to show income of at least 3 times the rent for the month.
You need 6k a month lol
Can somebody tell me what is the objective here. If people cannot afford a place to live then more and more places will remain empty. How does that benefit the landlord? Unless the landlord does not care if it remains empty as it was only purchased as a place to park his money. This is why we need a functional government.
This country really doesn't care about anything except money
RAISE WAGES or LOWER HOUSING RATES
Why not both ?
Perfect
raising wages just creates a bigger group of people living below the poverty line, business dont just stop making money so they can pay workers more and in a short time, $15 per hr buys you the same thing $7 per hr did and you still cant afford the basics. I cant believe yall are not rolling in money after that sweet tax cut the trump administration gave the wealthy
@@roshanbaig2 doing both would solve nothing internet troll
Honestly, I would check the prices at an extended stay hotel. This is crazy!
Trust me it's worse than avg to lower avg apartments. They are charging higher than high end apartments, in some cases!!
Exactly, what other choices do we have? It’s really getting ridiculous and very scary
What these reporters fail to tell you is, the local tax office is over evaluating these properties thereby raising the tax rate for a house worth many thousands more than it is. That’s why rents are rising most of the time! It happened to me and my tax per month rose to more than my mortgage! I had to sell it because of taxes!
Right,!sometime landlords have to raise the rent to cover the increase taxes.
@@stephanied1028 Increased taxes, utilities, insurance and maintenance. And - tenants not paying rent. Lots of NEW expenses.
Listen! I just sold my home in GA, my monthly tax bill was already $700, a month before i sold property taxes increased by a $1000 a month a thousand!!!!! Imagine a mortgage that is $2500 with $700 of that being taxes, then all of a sudden you're mortgage changes to $3650 and its all property taxes.
@@Ladybugseason Sounds like Torch and Pickaxe time
@@jukejoint523jordan6 Wanna go half and fuel and matches? 🤣
Wait a minute, a luxury apartment is classified as $250 or higher, are you kidding me?! 😳😡
This is ridiculous! These greedy folks are getting out of hand😡
Sounds like legal price gouging
It’s called Capitalism and greed
Anyone in the USA can charge whatever price they want to for what they sale or rent
The richest people own The USA
They lobby to protect their corporations
They pay off All elected officials
They control not only The USA but the world 🌍
This problem is in Arizona too. Scary times!
3rd worst state in the country. Florida. Not a state for the poor and middle class. A hardship for young families.
$800 rent rise. What the hell justifies that? GREED.
This is why we need rent control
@@jacobnapkins1155 rent control drives mom and pop land lords to exit the business. Good Luck dealing with Blackrock.
@Just Barkerlong term rental from a mom and pop landlord.
Greedy government and deadbeat tenants. That's the real problem.
It’s called Capitalism and greed
A family with 3 kids got $15,000 in last round of stimulus checks. They got more money one the first and second round. Smart families would have used the money for a down payment. Most everyone else spent it on shoes.
Amen
$15K would make a really great down payment for a decent house.
Shut up, you don’t know what people need to buy with their money! There are also other life expenses like FOOD, SHELTER and GAS that take up any extra money available!
I knew tenants not paying their rent for a too long of a time would come back to bite them. But renters who still made their rent are getting screwed here.
The emergency should of been declared already. This is ridiculous on so many levels.
They're greedy the developers they can make money without being greedy who are they kidding they've made enough money already.
There is more to it than greed.
Your opinion. They can make as much money as the market will allow. When people get to the point that they cannot rent their properties, the prices will come down.
0:54 $250 in the 1970’s is the equivalent of roughly $2500 in today’s buying power, this law needs to be changed immediately.
Its insane people are paying over $100 a day to rent a home or apartment alot more than $100 in some places
The perfect storm, 2 years moratorium revenue loss, job loss, pandemic, supply chain shortages, labor shortage, war, REIT buying up massive properties. I was relieved to be over 2020 then saw 2021..was glad THAT was over now look at 2022!!! I'm 69 years old and too afraid to retire so I continue working full time.
You should change pandemic to "plandemic" cause that's what it is
I feel like this is suuuch a cause for crimes increasing. Full of angry and hate-driven people who can't afford to live an earnest, healthy life so you gotta end up ruining someone else's day to try to afford to live at all.
That is exactly it.
Have many Floridians can
Afford $2500 rent and food
It will get worse and won’t
Get better wait until
The hurricane comes and
It’s coming Florida will be
Under water and let’s
See how much they
Charge for rent ..👁
Bingo. You just made the case for socialism. Now you understand why it's important to help your neighbor! Not fight with them and complain!
No one to thank but our incompetent senile president...he has caused all of this...
Totally agree with u. Crime will go up.
Rent control is the quickest way to destroy a city next to an atomic bomb.
What the hell, I wouldn’t live In South Florida if rent was free.
That's the part I don't get. South Florida sucks, dude, yet people are clamoring to live there.
So true. Lived there from 1982-2006. Was so glad to leave then.
Florida is overpopulated and zero infrastructure.
Maybe someone can tell us why they did choose South Florida.
I agree and God Bless you! Don't even think about moving to south Florida. Spread the word!
This is price fixing and price gouging. These landlord's expenses did not go up 38% to 90%. The landlords are watching the trend of some tenants getting higher paying jobs and deciding that they want more of a cut of their tenants income. These are discussions that happen at real estate tradeshows and industry events. "Inflation" doesn't happen by magic. It happens when business owners and landlords decide to raise prices. Unchecked greed is ruining Florida and this country.
The free market system is always best. Were you complaining when condos in 2010 were selling for $18,000? I wasn't complaining because I purchased 3 of them. Today those 3 units gross about $6,000/month. I can get more for the rents or sell and get $800,000 approx. Everyone said I'd regret it, geniuses like yourself.
Seriously, you know nothing about a market economy. If you're in Florida, take a drive to Key west. Then jump in the Ocean and swim south about 90 miles. You will end up in your favorite place. No greedy people there.
But what you don't understand..Homeowners insurance went up triplefold in FL.due to hurricane ect.iys a be careful what you wish for min/ base wage 17-20$ an hour,
2 working full time= $1600 a week pay, can support 2k a month for rent!sorry, no matter what there will always be poor middle and rich?
Hoa fees assessments are all going into orbit after the collapse ofsurfside
hey y'all...we need to live in a society that needs to function
WTF does THAT mean, Pedro??
@@soldiermike6ft259 our society is collapsing due to greed
@@dellmedia And govt corruption and compacency. We allowed this to happen and now we're going to suffer because we didn't stop it. FML
@@soldiermike6ft259 It means that society only works when there is an incentive to help eachother. Otherwise you live in anarchy, if you don't want to help other people then don't live in society.
There are tons of people coming across the border.
This is simply supply and demand. We have record amounts of people moving here and the available rentals is not keeping up.
Landlords also watch CZcams videos by financial experts who say increase your rent so you can retire early. Home and housing is cyclical market. Clean up your finance and be ready to pounce and buy a home when market goes down. That is what we did.
What a dumb thing to say. If jt was so easy everyone would do it. Do you know not everyone wants to own? If they have to move every 2 years for work then what?
My apartment rent cost went from $700 to $1600 a month. That’s way too much. Now I’m living in Central America back home where the cost of living is way cheaper.
Who would rent for that price with no equity and no tax write off! Wake up!
You think now is a good time to buy? I’m a mortgage finance officer and I’ll be moving to Florida from Colorado and renting my first year. What if values level off or even go down? My opinion, great time to sell, bad time to buy.
@@tiktokccp670 My house has appreciated over $200,000 from when I bought it . I have equity a tax right off and I own something. Renting gives you flexibility but nothing else
Many people are.....
I'm in Brevard county and it's absolutely ridiculous. If it wasn't for a friend I'd be homeless.
FEMA won't support any high risk area. So the property owners get hit hard with the new insurance rate. It's just an other chain reaction.
That economist they had on this segment makes me laugh a lil.
Developers already have these "perks".....
Waived Impact fees
Allowed to build homes 10ft apart
Allowed to create HOAs/CDDs
(Look up CDDs they allow the development's infrastructure to be paid over time by residents).
That law is outdated because $250 in rent in the 1970s dollars would be a lot more now (look up housing costs between then & now).
It's out of control many homeless people will be seen like in California.A whole town in Florida full of homeless people that torist would hate to see and seck new vacation destinations.
I cant believe people do not have cash stock piled after that sweet trump tax cut for the wealthy
Hawaii has been like that for years! And nobody talked about rent control in Hawaii
My niece rent was increased 500.00 per month..even when she paid on time every month during covid!! Penalty should be to those who didn't pay or talk to landlord during hard times..
Its luxury, if rent is more that $250 a month. lol. Who made that up. That's the joke of the century right there.
Please share. This is part of the problem (if not the only reason):
Home Ownership Around The World
Rank Country Ownership Percentage
1 Romania 96.4
2 Singapore 90.8
3 Slovakia 90.3
4 Cuba 90
5 Croatia 89.7
6 Lithuania 89.4
7 India 86.6
8 Hungary 86.3
9 Russia 84
10 Poland 83.5
....
Mexico 80
Brazil 75
.....
United States 65
A lot of people in the US are vulnerable to the rent going up (35%)... That's more than 1/3 of the people.
The home ownership doesn't look goof for the UK (63%), South Korea (57%) and Germany (51%).
The US and these countries are not in good situation.
I was born and raised Florida I didn’t know it was paradise 😆 lol
Most people today are ungrateful.
Now this is really getting out of hand something somehow has got to stop and something needs to be done
How is this not price gouging that is illegal If I saw the product for way more than it was worth I would be in trouble
WE SHOULD DO SOMETHING ABOUT THE HOMELESS, THEY ARE UNSIGHTLY! Lets raise the rent so they cant afford to live here....creates more homeless people...the cycle continues.
I'm Canadian and I live in Montreal.......
2007-2008 housing crashing........2013 firesale from the bank....original owner paid $225 000 got it for $45 000 cash....bought couple property in beautiful WestPalmBeach
All rented around $1100 (HOA included) very nice people...
Guest what...they didn't take avantage of free rent for 18 month do to the COVID situation....result...thier rent are frozen for a couple years....
The best part is those property,s are full renovated 1100sqf.....2 bed...2 bath....two story building...lake....beach.....value on market close to $275 000......
Same scenario is coming.......2023-2024
in 2009 in Phoenix Az I bought four nearly completed 1600 sq ft condos that the builder went under. I got them for $10K each. They still needed a bit of dry wall, flooring and appliances. I just stumbled on the listing online that day. The 4 condos now are worth over $1Million. $40K investment to $1M in 12 years. You just have to be ready to POUNCE when opportunity knocks.
@@eckankar7756
Good to ear that....I taugh I was the only one smart enough to grab the opportunity.....
My (4) property was ready for rent when I got it.........new AC and appliance was included.......
In Florida right now rental cost explode...
With interest rates going up, its only going to get worse. Buyers are getting priced out with higher rates, so they will have to stay put. Property taxes went up a lot in 2020, but the big increase in property values went up in 2021, so owners will pass that on. The rental market might get some relief, if they let landlords evict the dead beats after two years, but many owners will just decide to sell if they can. I read a article on how Portland Oregon has lost over 11,000 single family homes for rent, since 2014 because of tenant friendly laws.
Actually, if people are debt free and living within their means - it is all good. Those who have been misbehaving with money are screwed. Look in the mirror. Fix your problems.
actually interest rates going up is the solution but it comes with a downside thats recession. But recession will bring inflation back down and bring price drops in everything. its a lot to unpack but we need to raise interest rates to bring down prices on everything but some people will get laid off when we go into recession causing them to lose their homes, default on debts, ect. we have to do it though the alternative is too costly.
Stop complaining about your rent increases. Your Governor DeSantis is hard at work and much too busy getting math books banned in schools and getting the word "gay" eradicated from people's mouths in school. Oh and let's not forget DeSantis is also hard at work at getting ballot boxes removed from certain neighborhoods. DeSantis cannot concern himself with something as trivial as rent increases.
You may want your kids to change their sex while in kindergarten and get some kind of wild orchiectomy surgery, but I sure don't.
Rent is the private market at work.
Government steps in on everything else they ought to put a ceiling rate on what a landlord can raise the rents
No, that is not how the free market works. There should be NO ceiling on rent, as long as the landlord can find renters who will pay the asking price. Honestly, you people are nuts!
There’s rent control in the Bay Area CA, but rent still rises, and there is a shortage of rentals.
Isn't California a sanctuary state...gotta house those illegal migrants, can't have them on the streets..palease!!
I wonder if these laws refer to just apartments, or homes and mobiles as well? The pandemic caused People that rent houses to lose all that income. About $20,000 or more a piece for each year.And, had to take more loans out to pay for costs of maintenance, water, loan payments, insurance, and property taxes, etc against our own home. We couldn't rent them near as high as these newly built and luxury apartments can. Not fair!
Well those who didn't pay rent for a year and a half because of covid? Now landlords are making those who did pay suffer.
Laws that help people only apply to renters not landlords. Only apply to the left.
Deadbeats
@@anthonydavis3424 not every tenant is a deadbeat like the people in the video who paid their rents and the landlord still raised their rent.
Landlord greed must be stopped.
If landlords need extra money they can work just like everyone else.
@@winning3329 The landlord worked damn hard and took risks to buy that rental house. They don’t owe anything to anybody. I own a rental management company and you have no idea how much work it can be to be a landlord. You also don’t know how many tenants damage the rental units and never reimburse the landlord. Don’t comment on what you know nothing about. Just be happy some people are still willing to take the risks to become landlords. I know quite a few that gave up and sold the rentals in the last 2 years because of the rental moratorium and they could no longer pay their mortgages on the properties when the renters didn’t pay their rent.
I bought my 2 bedroom, 840 sqft condo in Tampa in 2020 for 100k. Which was 15k BELOW asking price. My unit was appraised in 2022 at 175k. But if you want to purchase it you better plan on pay well above appraisal ..... About 190 - 215k for my unit size or near identical.
And those people that are buying my size unit I've spoken to at are thrilled to have landed it at 200k 😳😳😳😳😳😳. That's because rent in Tampa is about 1800 month for a one-bedroom in this same nobody. SMH
Greed and prices gouging 🤔🤔🤔
My neighbor's house just sold in a bidding war for $90k over asking price. When mortgage payments shoot up rent is soon to follow. We need to encourage builders to build. In St Paul Minnesota politicians instituted rent control after 2 years of moratorium and building permits went down ~80%.
Only $90k? In San Jose Cali, my neighbor house sold $400K-$600K over asking price.
@Beyond Tribalism people buy with huge downpayments , and tech people make big salary here. As long as stock market doing good, they will be ok here.
@@johnnguyen4152 Wow. When I sold my previous house a person from california was the highest bid.
I paid off my mortgage last year and I feel good. Paychecks now just sit in my bank account.
What are you, like a 100 years old? Either you are or the paid off house is.
Congrats! I’m 39 and will have my house paid off in the next 3-4 years.
So what
I bought my house in 2003 with the no money down bank loan. Paid the house off in 14 years working 2 jobs. My taxes and insurance now is $107. a month. The pressure is OFF.
@@truthb2u2 So I don't have to worry about my rent going up $800. It feels good!
That is bs. Now this couple pays $9600 more for their contract lease. That’s money they could use elsewhere. Rent is getting crazy out of control. This is why I am trying to leave Miami. I feel bad for many because they have no choice and then getting screwed with more money spent on rent thus using more of a percentage of their disposable income.
In Ontario, Canada once a tenant vacates there unit it's market rent. Otherwise there's rent control of 1.2 %. Seems like a fair compromise...
How is 1.2% fair when inflation is 10%? High rent is caused by influx of population and/or lack of properties. The answer is simply to build more property…
No, seems like Communism.
I never found Florida to be a very caring state. It's a low class low paying money grabbing state that lives off tourist dollars. Doesn't put any effort into diversifying its economy. Poor quality school systems. Yes there are many that are quite well off in the state, but many that are barely making it. I feel many would be better off by escaping that state, rather than putting themselves through the torture of trying to make it there. Florida is constantly in the news for social issues to boost the governors ratings to run for President. DeSantis isn't fooling many on that topic. Florida needs to put a hell of a lot of effort into its residents ability to live in the state, and earn a decent wage. Focus on the COL that is completely out of control, for many of its residents than fighting with Disney. It's a shame the residents of Florida don't see the light, and demand what I have written be demanded of their state Gov't. Otherwise you get what you get. A state where the cost of housing and overall COL is way beyond the wages paid in the state. Making it completely impossible to afford to live in Florida. It doesn't take an Einstein to figure that out.
But people are fighting to live there. I don't get it.
I am happy to find someone who is telling the truth not what Fox News and its buddy Gov. DeSantis want us to hear.
The state of Florida is going through gentrification.
Yep the rich new yorkers and wealthy retirees are squeezing us out but since they have the money out politicians don't care about native Floridans
Stupidification you mean.
No its greed - you know floridians are rolling in money after that sweet tax cut that trump gave the wealthy, they just dont want to part with it. red state making the rich richer and the lower and middle class struggle. congradulation florida you got your wish!
Because of overpopulation. Too many idioits moved to Florida during a supposed "pandemic" which turned out to be a scam. Sudden population spikes like this will result in higher cost of living. There's 330+ million living here. People are too self-centered and think they are the only ones with the same idea to move to a tax friendly and low cost of living area. Now low cost is high cost due to overpopulation of these areas.
@@trans-octopusspacealien8883 moving to an area is not bad what makes Florida worst is that its older people over half of them over 40 that are moving here , up north a house cost around 400k to 700k and when they see Florida homes cost 200-300k they scream cheap and move here. I wish we would stop building 55+ communities and states like Mississippi, Alabama Georgia should encourage people to retired in them
Housing is a basic human right, but under capitalism you only have the right to what you have the money for.
No, housing is NOT a basic human right, unless you are willing to PAY for it. There are rights that control who may by and the requirements, the same as there are requirements to rent properties.
@@purplenights1 You’re either a landlord yourself or defending them for some reason. Either way you’re part of the problem.
When people cave and then pay the increase it’s going to continue to fuel the rent hikes
@Tristan Rodenhauser what are they supposed to do if they don’t cave? I live in the NE and own my home outright (mortgage pd in full), but my friends who rent have had huge rent increases. With jobs and families here, they have no choice but to “cave” and pay the increased rent.
I'm moving out of Florida after 33 years. I'm done.
I’m moving out after 30 years
This is happening and much worse here in California and we have rent control so please this has nothing to do with rent control it has to do with the lack of housing.
Nope. It's not supply and demand. It's greed. Yes prices do go up but to this extreme? No. We've had a chip shortage on cars for a couple of years to create a shortage but did the price of cars double? No. There's always been supply and demand issues in the economy but prices don't go up to this extreme. This is just greed. Demand for housing never changes. There's always been and always will be a demand for housing but your telling me all of a sudden the population of America has doubled to cause housing prices to double? No. It's BS.
The cause is the voter.
I'm in SoCal and have never lived in a rent controlled apartment here.
Desantis isn’t going to declare a state of emergency. That’s not going to happen. He’s got his eyes squarely on the presidential nomination and he needs to appear business friendly at all costs.
He sure ain't friendly to Disney complaining about their corporate policy out of Burbank, California. That's going to backfire because Republicans tend to be friendly to big corporations. And Disney is the biggest employer in the state of Florida.
He said “ this was stuck in our door.” Lol 😂😂🤣
Don’t blame the landlord. Blame the government. I have few rentals properties in Miami and broward county. I never raise rent for my tenant but I gotta do it this year January because my property tax and HOA fee is up too much.
Well, Floridians have always been against government regulations of any kind right ? They take pride in being anti-government. These rent increases would have been disallowed or at the very least allowed but with minimal increases had there been rent control in place. Without rent control legislation in place, the landlord will have a free hand to increase rent without ceiling or consequences. So to the Floridians, enjoy your activism and good luck with them rent increases to which there will be no limit. Expect your rents to increase even more in the years to come. Congratulations !!! You have achieved your goal. No rent control. YES !!!
LOL - Poor whiner you. Sorry you like being controlled and you obviously have no education about the Government is to work for the people, not the government is to CONTROL the people. You and others, uneducated f*in/g whiners. Why don't you try Cuba, or Venezuela where the government controls how much you can have, in every area of your life. Again, frigging uneducated whiner. You didn't take any Economic classes in school either did you?
why are Floridians crying they should have a ton of money after that sweet tax cut trump gave the wealthy? Redstate making the rich richer at the expense of lower and middle class folks... Enjoy it florida you voted for it
You also need to get it through your uneducated head that owning real estate renting it out is a BUSINESS. It would be and should be ILLEGAL to dictated price controls on landlords, because what OTHER business has the government putting price controls in place? I will answer that for you - NONE. Do you see the government telling Resturants, gas stations, Hotels, Motels, dog groomers, Veterinarians, Physicians, Plumbers, Electricians, Roofers, builders and on and on to CAP THEIR CHARGES? Nope and that is why the Government gets taken to Court and loose, you can't dictate a how a business charges.
If FL needs rent control to stem pure greed, then shame on investors. I'm packing up and moving from FL this week. Can I afford the almost 3k they increased my rent to, absolutely, but am I willing to pay it...absolutely not. I'll let FL turn into NY and CA without me.
Every city that has rent control has high rents. LOL
Owners selling their homes please don't sale to this money hungry corporations! Here in Miami is out of control a 3 bedroom house is $2500 or more! Crazy
All these corporations are building high-rise rental units and charging $1,700 for Studio that's who needs to be capped
This happens in CA also despite rent control laws. I’m sure they are priced out by Cali transplants.
Once they start regulating rent, count on South Florida to become as unaffordable as NYC. Manhattan rents are insane, not because of a housing shortage. It's because nobody is moving because they are locked into sweet housing deals that they can pass along to their children and so on. Even people who move away from NYC keep their rent controlled/stabilized apartments. Many buy second homes at the beach. It is a sham and it benefits mainly people who don't need it, while driving up scarcity (because developers can't make money) and then you create more problems without really addressing the affordability problem.
@Angelica Ha ha, Miami rents are still not even remotely close to NYC rents. But, yes, the rent increase is alarming. Unfortunately I'm afraid that this is the new normal. Even Manhattan was somewhat affordable on an upper middle class salary 20 years ago. Now you have to be in the top 1% to afford to raise a family in Manhattan.
@Just Barker Depends on how much money you are putting down and the interest rate of the mortgage.
Disagree with this post that this is the issue with NYC affordability.
Stop lying nobody’s buying beach houses
@@luiscruz679 I literally have a beach house in the Hamptons. Two of my neighbors there have rent regulated apartments in Manhattan. My realtor in the Hamptons also has a rent regulated “pied a terre” in Manhattan. There are many others like them.
Legislation is NEEDED
I live in a city in the southeast, population 200k, where there are literally hundreds of vacant "heirloom" properties. They are owned by the descendants of the dearly departed who make no effort to sell them or rent them out. Some are perhaps used to store family junk. They just pay a couple of hundred dollars in property taxes annually and call it a day. Our city council is studying an ordinance to remedy this situation so we shall see. It's criminal that homes can sit vacant for years, deteriorating while people go homeless or pay exorbitant pricing for housing.
so if i have a house and dont rent it out, its criminal?
@@edgehodl4832 If lawmakers get enough pressure from their constituents, they can declare anyone a criminal.
@@sprague49 So you think the government should have the right to tell you what you HAVE to do with your property? People that support this mentality are insane.
It's their property. They can do what they want with it.
@@noreenryan1095 Yes, including letting the weeds grow chest high, allowing paint to flake off the walls, leaving trash from 'visiting' vagrants...to hell with the neighbors who are trying maintain an attractive property, right Noreen?
There should be rent control in all
States
Republican states will NEVER institute rent control laws.
Greed is a terrible thing and inflation and where is DeSantis on a rent and housing price moratorium? I'd like for there to be a bass limit on your price per square footage so that no matter where you went or what was done to a house it can only be worth what the dollar amount per square footage is. That would stop all the house flippers in their tracks and also maybe a 2 to 3 yr residency before selling a property anything to prevent these flippers from pricing the natives out of their own communities. It is getting really bad. Something MUST be done. Or there will be no middle class and that means no money for the govt to aid foreign countries or bmeven beat the wars of drum with their war mongering. Something needs to happen before it's too late for everyone
So a 1000 sq ft, place, with ocean views should be the same price for a 1000 sq ft place, next to sewer treatment plant. Yeah okay, keep dreaming.
DeSantis is too busy about real issues, like making sure kids don't know what "Gay" means.....
Your "solution" would only make things worse, that's a terrible idea.
@@Blaze6432 shaming kids wearing masks and running Disney off are death Santis' priorities.
Native should have bought a house a long time ago
Florida- She feels like she is poor, she IS POOR. Bow ALL you worms to your landlords!!
And you thought that the "eviction moratorium" was free.
Who thought that? It certainly wasn't people who are naturally skeptical of government.
Bingo…….we have a winner
Don't worry it will go down when these greedy landlords have people moving out of their places and people start living with their families again to save money the rates will go down because I assure they've refinanced that place and need to pay the mortage for it and the overpriced home they've brought
My landlord wanted to raise it $700
Blame your politicians
Me and my old man is living at the Maple Leaf in Daytona Beach FL we've been living here since 2019 our rent is $1,000 a month and the unit that we're living in only is a big room so now our landlord is raising the rent to $250. More and everyone else that lives here is only paying $700 to $800. A month this place is supposed to be for low income housing so why is our rent going to be $1,250 more than everyone else
Government needs to start stepping in..what the actual fvck. Beyond greedy landlords
Why don't we have the government step in on food price control and gas price control and car price control....hell....why don't we have the government step in and control everything with a price tag!
@@robinrynearson7212 they do with food there's anti-price gouging laws for food in many states.
How are the landlords greedy?
its BECAUSE the government stepped in that rent is rising, not greedy landlords.
its really the opposite, the government over taxing properties , and government controlled wind insurance keeps going up --- need the government to step out of the way, then it will be cheaper to own/rent
All cities in the USA will soon not have any low wage workers for motels, hotels, restaurants, golf courses, retail stores, Walmart’s, Sam’s stores, all food stores, lower wage workers in all hospitals, doctors offices, Dental offices, city workers, like police, fire fighters, workers that pick up trash
Workers that work in assistances living homes
Daycare workers
Workers that do in home care for disabled people and the elderly . all gas stations and on and on
All these people need a place to live
A affordable place to live
To work near or in the cities across the USA
When rent is way too high
Or housing to buy is way too high
Where are they going to live
In case you haven't noticed that has already happened when Clinton and others thought letting factories and other corporations send jobs overseas, because according to Bill Clinton "It's the right thing to do", you can find the video on youtube, along w/many others.
@@nunya2954
No President has control over the richest people who run companies
The richest people took their companies over seas so they could make billions of dollars in profits
And pay extremely low wages
Also they could pollute and destroy the environment in China and other countries
No President controls the companies
Educate yourself
@@MusicLover-ui9sm - LOL boy howdy you are you behind
You do realize that those “low wage workers” are coming in across our open Border by the millions. They are “subsidized” as soon as they set foot on our soil - cash, free transportation, healthcare, iPhones, housing and education are just the beginning.
Anything over 250 dollars is luxury 🤣
anything over 250 a month from the 70s ?? wtf are these politicians doing ?
WHY since 1970 has NO ONE talked about the potential implications of this law or that it should be tied to inflation. Really, “close the borders” you cried , dries up all the cheap labor, what the f did you think was going to happen to house prices?
So, stopping illegals from flooding the country is the cause of rising rents? You are a special kind of stupid.
And with the GOP in charge, there is no prospect of rent control in FL!!
Vote the MFs out
Yeah, it’s got ZERO to do with Biden’s open borders policy where thousands are flooding in literally everyday with paid housing, food, healthcare and other perks. Where do you think they live? They’re being shuttled all over the states.
That’s how you get rid of all the poors
1,700 was too much
Already
The rents always go up, but the mortgage stays the same.
Our property taxes go way up because of higher property value.
Yep. Remember just a few years ago when reports were coming out that Millennials were not interested in buying houses, and many people in general said they were content to just continue renting due to the taxes and upkeep of homeownership? They weren't taking the long view.
My house was originally purchased in 2002. It lost $70,000 in value after the 2007 crash. I expected the value to return, but I had no idea that it would be to this extent -- currently more than $150,000 above the original purchase price in 2002. As I expected the house to recover its value eventually, I never contemplated selling this house because it was under water, but the reality even ten years ago was that my mortgage was not that much more than rents were at the time. And of course, now the mortgage on this three bedroom house on a full acre is now cheaper than the rent on a two-bedroom apartment anywhere in the city.
Property taxes
HOA fees
Homes insurance also goes UP
@@Tes7000 that was propaganda put out by people wanting a stable source of rental income millennials would love to buy we need rent control to incentivize ownership
How ludicrous! Taxes go up 🤪🤐
Mine went from 720 to 1660 east coast Florida...Space Coast. Ive lived here 33 years. I'm moving out of Florida. And while we're at it. Let's talk about monies that have been allocated to build affordable housing being used elsewhere. GREED rules Florida.
Disgusting! This shouldn’t be legal
In Canada my friend told me that the same unit lay out, 3 bedroom is now 0ver 400 $ more. Same space etc . Toronto. 🤷🏽♀️😔
Toronto has always been overpriced. No?