There are definitely pros and cons to renting, expert says
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- čas přidán 18. 05. 2024
- 'Mansion Global' host Katrina Campins discusses concerns that renting could be detrimental and homeownership challenges amid costs. #foxbusiness
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Income has not kept pace with the rapid increase in housing rental.
it does keep up IF you aren't moving all the time.
Rents can be adjusted at pretty high rates between leasers BUT if you stay and renew every place I have lived has laws as to how much rent can go up. during this last huge run of inflation for the last couple of years, our rent went up less than 3% per year because we renewed rather than kept moving from place to place. If you don't renew and someone new leases the place that you are in now, they will see the larger hike. If you stay, increases from year to year are really low. This is due to the laws that protect renters from rate-jackers.
Even going back to when I first moved out with a few roommates. We had a 3bd, 2 bth and it was $730 per month. That was in 1991. Same town and twenty three years later my wife and I were renting a 3 bd 2 bth unit for $1100 per month. In other words, my rent inflation was less than 2% per year.
Currently, we are heading into our third lease agreement where we live now and since we moved in our rent has gone up by 5.76% over a three year period, or roughly 1.88% per year. This during a time of high inflation.
Now, new people moving into the same unit that we live in now pay about 15% more per month.
Don't hop around as a renter and you are much better off. But if you move around a bunch then you have no little protection from the rate increases.
Renters don’t pay property taxes or maintenance. Easier to escape a lease than sell a house quickly.
But you own nothing and are at the mercy of your landlord if they want to raise your rent
@@wsopgameappstrategy Do you want to pay for all of the issues a home can have then? There are hardly any financial responsibilities when you rent.
@@wsopgameappstrategyMercy? You can give immediate notice if the new rent is beyond market value. I did it myself more than once.
@@thenextmile8202 I have only made money off of each home I have owned. Every time I sell I get all my money back plus much more. If you rent you lose all your money. Rent money is NEVER coming back! 😆🤣😆🤣
When your rent goes up that’s exactly what you pay for. The owner push the cost on to a renter. The only good thing is you don’t deal with repairs. If you can also save while you rent that’s a bonus.
I rented when I was single. But when I met my current wife we bought a very nice house with 18 acres. Wife and I both do very well financially. We got a 30yr mortgage... Just paid it off after 16 years. Grant it yes ownership comes with issues.... I've had to replace hot water tanks, furnaces and put a new roof on last year. Luckily my best friend is a contractor. I buy the material and as long as I help he charges me no labor since he doesn't have to pay his employees. Maybe a few beers LOL
Same here. When I was single, I rented cheap, bare bones housing. I got married and paid the house off in 10 -- but we only have 7 acres.
Expert ? what makes big city dwellers the experts ? BS
nothing but a list of pros from my experience.
Owned a home once and that was enough.
People's claimed fear of not being able to realize appreciation if they owned a home instead are making excuses. You can literally rent and invest at the same time.
There’s a lot of maintenance if you own. And sometimes you need a transition or may want to test an area by renting there first before buying
I'm sure people can't wait to build up equity on their home ... just before they're told replacing the aging roof will cost a minimum of $50,000, and the town just voted to hike the property tax rate.
Ownership ends blight, reduces crime, vastly reduces eviction, ends gentrification.
Outlaw residential renting.
Only if you buy an OLD Schwag house! 😂😂😂
@@outlawbillionairez9780 And force people to buy? That will end well.
@@thenextmile8202 force to buy?? Hahaha 🤣
They're FORCED to rent! What's wrong with you?
🤬🤬🤬 NO ONE SHOULD HAVE TO RENT UNLESS THEY JUST WANT TO‼️🤬🤬🤬 THE REAL ESTATE ESTABLISHMENT HAS LOST ITS MINDS‼️🤬🤬🤬🤬🤬 EVERY LEGAL AMERICAN SHOULD BE ABLE TO AFFORD A HOME‼️
The announcer mentioned "owning means Nobody will bother her"...🤣🤣🤣🤣🤣 Let's NOT FORGET HOA. GESTAPO. 😂😂😂
You agree to a HOA before buying. And you can still sell. You have absolutely no recourse with landlords in this country. And you have no recourse for eviction.
Outlaw all residence renting.
@@outlawbillionairez9780 why??? People want/need 2 rent.
It depends on your lifestyle and what you want out of life. There's nothing intrinsically right or wrong about buying or renting. I'm 70, single, never married, no kids, and choose to rent. I fully acknowledge that property tax and maintenance are included in the monthly rent, but homeowners have to pay those as well. I have a beautiful new lakeside apartment with all the amenities and conveniently located to shopping, church, etc. If something needs repair, I just pick up the phone; I don't have to worry about vetting a plumber or electrician. Landscaping crews maintain the property. I'm free to travel. Naturally, it's different for families - they want to own their own homes, and that's totally understandable. One size does not fit all.
Renting is freedom and don't have the legal or financial responsibility of a house. It's so nice to just lock the door and go. The renter's rebate is great too!
Here in California rent is very expensive and also homes are to expensive. Besides most of these houses for sale are just over value. So much greed
Con is they raise rents every year and the pay isn’t following along rent should not be almost 3 grand.
One thing we can all agree on IT'S JOE BIDEN'S FAULT
This is an infomercial to persuade renters to buy.
Give me 50% raise that should match the increase on home prices. If not I guess I won’t be able to buy 😢
0:14 your not gaining that much either by owning after taking into account bank interest costs, the annual property taxes paid, maintenance, HOA fees and real estate fees when selling. Then throw in the neighbor from hell and renting isn’t a bad option. Additionally, the difference paid in rent verses the expenses I’ve already listed can be put towards a ROTH IRA.
Here’s my expert advice:
Everything has pros and cons….
Keep renting for now till things shift to favor buyers
renting is just buying time and patience while u get out of debt and save for a house.
Bunch of landlord chime in: property tax, maintenance costs, be afraid,
sshhhh make our payments for us.
The main problem is not the interest rates. It’s the lack of inventory and the quality of that inventory.
It's the combination of both.
Both renting and owning have plus and negatives. It’s so much easier when you are young with no children. Eventually you do need stability for kids and school. It’s not easy to move often with children.
Homeowners with a mortgage do not own the home. Try not paying the mortgage or not paying property taxes and one will quickly learn who owns the home.
Low rates are part of the problem. I want to see massive forced selling.
Bull S. It all depends on where you live. Houses in my neighborhood before Biden took office rented at very reasonable price. Now, just three years later rent has doubled. I see multiple families living in what once was a single family unit to seeing two maybe three families sharing the house.
Young people are renting and subletting rooms out.
Recently two house down three groups of men rented a four bedroom house. The market here has many home for sale, but housing prices has doubled.
6% is still a joke, renting has become a joke as well, more people will be homeless unless the government steps up and protects us as they once did
I am gaining nothing from the pieces of 💩 I rent from.
Do what? By renting, you're gaining a roof over your head.
You are helping them pay off the mortgage. One day they will toss you out and sell the place to make a fortune. You will end up having to rent someone else much more expensive!
@@wsopgameappstrategy You can get "tossed out" of your house as well. I have seen plenty of nice neighborhoods go straight to heck, forcing owners out with drugs, break ins and gun violence. There's no such thing as a perfect location.
People think they own their homes. Wrong: til the mortgage is paid off the bank does. And if you default and are foreclosed you lose everything you paid in plus the cost of any improvements you made. If you rent and the toilet backs up you call your landlord or manager. If you ‘own’ you call and pay for the plumber. If your apartment neighbors are obnoxious you give notice and move. If you own and the neighborhood declines the value of your house goes down.
There's another thing too - the city can keep raising your property taxes. They can say the home you bought for X $ is now worth 2-3X $ and charge you accordingly.
@@patmichael8519 yup.
Luv when the city replaces sidewalks or removes trees even though you pay taxes they charge the home owner or taxes go up 🤔 it's paid for already
It is cheaper to rent then to buy at this point. It makes NO sense to be buying in the current housing market.
Continue to help someone else build their fortune by paying their mortgage! 😂😂😂😂.
@@wsopgameappstrategy You also have the ability to do that. Maybe look at ways to build wealth instead of blaming your issues on everyone but you.
I know this is off subject, but she is gorgeous and I like her eyes, hair and intelligence.
I’m using my husband’s YT account and I LOVE her hair
@@johnnypham2850: I agree, and I usually don't comment on women's appearance because most attractive women are married and I think it's inappropriate to make such remarks about a married lady, but looks mean nothing to me if not combined with intelligence and morality and this lady appears to have the whole package and if she's married her husband is a lucky man.
Presales are where the money’s at, and Revux is the best opportunity right now.
There are definitely pros and cons to renting, expert says - Way to focus on it, Fox Business, since the expert also says there are pros and cons to everything people do, why don't you make a series about it and lay off the lies?
Wow! What a beautiful woman! Of all the former bikini models on Fox News, Katrina Campins in definitely in the top 5. She's right up there with Sandra Smith and Shannon Bream.
What I own is a well funded Roth IRA from my savings from renting verse owning.
Predicting a 100x surge for Revux post-Binance launch.
"You will own nothing and be happy" - Klaus Schwab
Klaus, VERY happy that he owns a lot more than nothing.
Although a recent push toward lowering the costs of renting has become favored, we need to trace and track which factors contributing to the rise. Setting aside one of the major factors, greed, there are increased costs of everyday commodities to blame. If the landlords become content with say a 15 to 20 percent gain on their return of investment then what else must be done to enable such continuum of operation? If the relation between supply and demand would be kept in reasonable level then with receding inflation it could be possible to afford the rent. Earnings have to correspond to expenditures.
All in on BTC and Revux, with a small bet on SOL and ADA.
Revux has 100x potential after its Binance listing. Mark my words.
Revux is the talk of the town in all my crypto circles. Big things coming!
My rent went up $450.00 in 7 years, it actually keeps you stuck in the rental cycle….especially with bidens inflation!
Hearing so much about Revux in my crypto groups. Definitely on the rise!
A lot of the renters are just waiting for next economic downturns and real estate price crash. It's coming. Then these rental properties will go belly up and the banks will hold the bag. Then the government bails out the banks with taxpayer money. So renters pay for it all in the end anyway.
These guest and news anchors are out of touch.. interest rates won't change anything.. most people can't even afford rent.
A lot of renters will not maintain the yards or be considerant of neighbors who own. Renters can up and move, but homeowners can't so eaisily. Renters have no investment in the neighborhoods, so they dont care about it.
I've seen plenty of owner owned and occupied properties that look terrible.
That is rhetoric
I’m pretty sure most people would love to buy a home, but they can’t afford it. We need to stop voting democrat.
Is it just me, or is Qventi getting a lot of attention like Revux?
I wonder how many CHUMPS fall for this. In 10 years, I could have built my home for the price of renting. Renting is USELESS.
The very same people that complain about tech workers and gentrification.
Bidenomics
🙏💙💙😇🌏🇱🇷💌👍
Experts laughable.
I am 62 yrs old. I have been in the market for 40 yrs. Not one of these presenters knows what they are talking about. I have made a significant amount of money in real estate. They are making it much more complicated than it is.
Buy a house. Buy a house you can afford. Pay it off- freedom!
Bidenmonics!😂
Outlaw residential renting.
Outlaw residential renting.
Outlaw residential renting.
Renting should be banned.
Then where would you live and how would individuals own homes and businesses?
@@thenextmile8202 Common sense.
@@realisthmong It’s tough for “common sense” to own something. You are talking government ownership?
Are you proposing all of the apartment complexes around the country be torn down? Where do you propose renters live if they can't afford to buy - in a homeless encampment?
@@patmichael8519 ban homelessness
You can tell she's in the housing business when she says things like "jump back in to the market" such a quaint way to describe a family's desire to have a place to call home. By the way, I'm sorry to wake you up but the renter and only the renter pays the property tax, it's in the rent along with every other expense of the house, plus a nice profit for the landlord...he's not Santa Claus. As an extra, a house is built by a carpenter... a home is built by the folks who live there. Real Estate wankers confuse these terms intentionally. Just Keepin it real.
Nope! 7.02% 30 year- 6.08% 15 year interest is ridiculous. Trump had interest rates at 2 to 4%. FJB FJB FJB FJB FJB FJB FJB FJB FJB FJB FJB FJB FJB FJB FJB FJB