What is the 'built-to-rent' home trend and is it right for you?
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- čas přidán 6. 07. 2023
- Build-to-rent communities, entire neighborhoods of single-family homes built just for renting, are giving residents the opportunity to enjoy modern appliances and luxury finishes at affordable prices. NBC's Vicky Nguyen reports for TODAY on the new housing trend popping up across the country.
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#homebuying #renting #economy
Don't sugar coat this TODAY, this is just another way of keeping people renting. Rent prices will only go up, renters won't be able to save enough for a downpayment, and they'll be stuck renting for the rest of their lives.
Go to your local zoning meetings and demand change on build to rent. We have to fight this.
RV it!
On Today, we cover socialism- lite where we break it down with some delicious bug recipes!
Facts
Bingo!
FIGHT THIS IN YOUR LOCAL COMMUNITIES! Do not let greedy corporations take away the American dream. Visit your zoning commission every week until they’re annoyed.
capitalism is always going to dominate the US. You're either benefitting or being taken advantage of. Might as well benefit and get some dividends.
It benefits THEM to keep you in debt and for you to own nothing.
capitalism is always going to dominate the US. You're either benefitting or being taken advantage of. Might as well benefit and get some dividends.
You’ll never own it, and always be in debt. Makes sense… to them.
The American Economy..
The American dream is no longer affordable.
It hasn’t been for 50 years
@@MarkMayhewreally?
Yes it is. Save save save. Live like an Amish Person....and Save save save.
"You will own nothing and be happy!" The Elite!
This only works for a small percentage of people. It's a short-term solution at best for most families. We still need home ownership to be accessible for people who want to set down roots and not move for 10+ years.
We need affordable housing.
No honey we need affordable housing someone on a Walmart/ McDonald’s salary in the poorest state can buy. Otherwise it’s not affordable it’s slavery. They’re called “landlords” for a reason. No one wants this so called “affordable housing” that they’ll never be able to own. Anything more than $1000 is not affordable it’s greed and these corporations are in for an uprising. We’re not gonna let them rule us.
Right! It’s a short term solution to a long term problem because you’re always gonna need shelter (food, clothing) which is the highest expense most of us will have until we expire so I pity those who stay trapped in this farce.
Define "affordable housing".@@career5690
u gotta permit more development
you will own nothing and be happy
We live in a society that nobody owns anything anymore
Builders, realtors, corporations and government are all in it together.
Americans are going to age as renters. That's not a good thing when you start having old age health issues.
THIS IS NOT A GOOD THING 😢
Home ownership has always been the foundation of wealth building…real estate corporations are destroying this reality
Instead of building more rental homes, how about building reasonable price homes, and increasing people’s income. As a realtor in the ATL, GA market these are popping up a lot. It is a whole townhouse community for rent at $2,495/mo near me. But because mortgages are higher nowadays, more than rent even though rent is going up, it looks more appealing to a person to rent. Especially, if you are a first time homebuyer and all you can get pre approved for is $100K. In ATL, GA you couldn’t even get a home at that price now. Our average home cost in the metro ATL area is about $500K ..SMH, we have to do better for people to be able to afford homeownership.
WOW 😂 WHO DREAMS OF LIVING IN SOMEONE ELSES HOUSE
40% of people will never own their own home.
Why is that?
More like 80%
@@MarkMayhew😢
This will finally pull the plug on the american dream.
It was always a myth
I’m sure they are very cheaply built, Just like the new apartments they are building now!
Renters are saving $1,000 a month vs homebuyers in this area. Great idea if you planning to move around! But after 30 years expect your rent to be double .
If you invest that $1,000 a month well, in 30 years you have options. If you spend it on crap, you will be poor and homeless in old age.
It costs $3k/month to buy?
It takes far less time to break even! In most places, renting is throwing your money away. There are a few places that allow you to take a property tax exemption but most don't. But within a year or two after purchasing a home you are building equity.
In 30 years rent will be $10,000
In 30 years rent will probably be 5x what it is today. In 30 years your mortgage won't have gone up a bit. It actually might go down if you re-finance when rates are lower than when you purchased.
Those who cannot afford a down payment or a high interest rate mortgage for a new home “ELECT” to rent???? Are you kidding me???? Way to sugarcoat your owners Today Show!
great... way for corporations to keep more Americans from owning property, while boosting recurring revenue every year or every time anyone moves out
no thanks, I'll take my equity instead
nah I'm good
Why?
Why
Renters live an average of 2-3 years less than homeowners. When there's nothing to buy and only rentals, we're going to see a drop in life expectancy.
I don't really get the comments. No one is making you rent one of these homes. You can still buy a house if you want to. This is simply one more housing option. The more housing that gets built, the more affordable housing will become for everyone in the long term.
America is becoming a feudalist state. This is scary and ppl are so naiive. Talk to anyone in your family who's older. Your house is the most important investment you'll make
But someone will be owning them, just not you
We live in one of these communities. We are military and know my husband will be retiring in three years so we can move when needed and have space that isn’t moldy nasty military housing. We love it.
this is not the American dream because the rent would just raise, this is not the fix to the housing problem. this is just for profit not ownership this is just a short term not long term. the problem is that one man own all of this and could just raise the rent to make it unaffordable. this is why younger generation think they couldn't afford a house in this day and age. so no this built to rent is bad and always be bad for future generation. this news is a bad take on affordable housing.
Own nothing and be happy!
This country is a nightmare
$2,0000 a month??? Wth
That's cheap af lol. It's 2500 a month here for a 1 bedroom apt
That’s so cheap! I pay double in NYC
@@thatoneguy94512right! That’s a bargain
@@javiruiz8365 I pay $800 in Chattanooga. NYC is insane.
@@josehernandez-fs9ek No one wants to live in Chatta... whatever random place you live at. Smfh
Rent is always going up up up. No way it's more cost effective. Housing prices go up and down. A mortgage is locked in for 30 years. It doesn't change. It's just stupid to rent forever.
this is exactly what i need. people who have never owned a home are the only ones saying this is bad. this is amazing for young people like me who dont want to make a commitment to a house for 10-30years. i need the space of a house without all the trouble and extra costs. plus i need to be able to move around when i need
Why didn't the CEO built homes that are affordable OMG. ALL ABOUT THE PROFITS RIGHT???
I mean I can’t even lie if that’s only $2000 a month for a city near Atlanta that’s great… I live in a mid size city in Tennessee, which granted is more expensive than most other states in the Midwest and south. But, they just built a luxury home development like this, rental only, but rent is $4K+ I bought my home in 2019, I got lucky, my home had a low interest rate, it was built in 2019, we’re the first owners, we paid $350K which at the time we thought was expensive, our home is now worth almost $1M our neighbors house just sold for $860K and their home is about 300sqft smaller and no pool. Absolutely insane prices nowadays
Don't tent them. Or else we will never be able to own a home. Don't help them. Let the market crash.
No character in those houses. Would be leery of living in these cheap and fast developed neighborhoods.
Rent is good for a time but families are fooling themselves to stay out of the market long term for the sake of landlord doing the maintenance and lawn care or just cause they want a house larger than they can buy.
There’s no character to a Tesla. They all look the same. Overpriced yet ppl are buying and it’s a road of little wild sims ppl you can’t hear creeping up behind you. Get real welcome the USA 🇺🇸
So… It’s just… Renting a house instead of a house. They gave a pet name and put a bow on renting. Revolutionary. 😂
It’s upscale apartment living, which is a good thing for people who prefer the financial upsides of renting but don’t want to deal with low life neighbors breaking into their parked cars at night.
DEMAND that your government deeply restrict short term rentals in your community, anything less than six months should get a 50% tax and pay double in property taxes.
1k less expensive than paying a mortgage. Whoah!
We are the USA
We can do better
Sad they a sponsring the people keeping them from owning
Rent for 50 years till your old, broke, and sick, do not go to this option, we need to let the market crash, and have more reasonable ways to own without destroying everything around us that includes the nature, we all need to actually repair the issue
Benefits of renting all problems fall on the owner I live in West Palm Beach, FL i wouldn't want to worry about replacing the roof or flooding during a hurricane plus i wouldn't want to live in the same place for 40+ years after awhile I can move once lease is up
Hum, maybe it’s time to buy one of the communities if people are so careless about their future rent obligations.
When I saw that thumbnail the first thing to cross my mind was Camazotz.
" Heights " is a public housing word. Terrible choice.
What will happen when the greedy companies fail? The government should not allow this imo.
This sounds horrible.. maybe instead fannie and freddie should come up with alternative loan products that allow people to build equity in a home without a down payments being such a huge factor in a home.
“How nice is it to have the benefits of homeownership?” What!?😂😂😂
Did Today get paid off to make this fluff piece for the END of home ownership
It’s disgusting. Fight the corporations. Visit your local zoning meetings annoyingly over and over and fight build to rent.
Long term you will save with ownership, especially as the interest rates come down. Plus this community looks like you need an 80 credit score and pay first, last, and a deposit to move in or at least $6K. So they are getting top notch tenants who have not been able to save for a home buy down payment or like the family just waiting for the rates to come down.
Don't believe the hype!
horrible
How is it horrible? 😮
@@career5690 your a bot. its making affordable housing and homeownership even harder just for these companies to turn a profit. its the opposite of solving the housing issue
@@career5690how is it not?
The uprising on housing monopolies has started. We will not be ruled over like slaves.
The American dream is disco dead….
'Build-to-rent' is garbage. We need to make this illegal for single family homes.
No Way. I don’t care what people say, renting is the destruction of wealth. I at rent with family or friends, work, save, sacrifice and buy a home together. Stay there and save again another down payment and buy again, ( immigrants do this all the time….)
We need more of this mentality. Trying to do it yourself just keeps you further behind and in the rental cycle.
To me this is dumb. Why live in a home you can’t make your own? I couldn’t do home Reno or any major changes if I lived in a house like this. Hard pass
HOW MUCH IS THE RENT
Too much.
i wish terrible things upon the businesses pushing this
this has been going on in accra ghana for about 15 years now but new in america?
interesting
This sort of predatory business needs to be banned. More people need to own. Owning is the only way to have stability. All renters are at the complete mercy of the landlord and if that landlord is corporate then it is totally hopeless. Anyone who thinks they are stable renting just hasn't been around long enough to be on the bad end of business.
How will allowing this help our country?
Who will I contact about this Houses
Why build homes to rent instead of apartments? Plus, i'm sure the rent of these homes is the same as a current mortgage. In that case, how are these renters supposed to save for a down payment on a future home? I'm wondering if these rental homes are just marketed towards the upper middle class & upper class folks only because i doubt the majority of the middle class could afford to live here.
was this an infomercial?
No vamos a tener nada todo será rentado pero viviremos felices 😭
Wef
you can buy the house you rent
Mortgage Brokers is buying it up!
A dystopian nightmare.
Yeah those couples are smiling now. But I guarantee they will be crying later as prices go up and they are now stuck in the cycle while trying to save.
They should make all homes on earths physical plane free
Yall need to fight this it’s gonna cause the cost of living to go in in y’all’s are I’m watching this live on tv as I type this but yet this was posted last year plus they numbers are completely wrong
On behalf of young people, NO! This is not right for me. I want to own. This is all rent BS
Annoy your zoning commission and tell them no to built to rent
We are leaving America. We will be waiting till we die to be able to buy or build a house. If I can never buy a home we would rather go to Asia where renting at least is much cheaper and way more amenities. The American Dream is to Leave.
A rather pro-corporate spin. You will own nothing and be happy.
here's your "smart homes"
This is hilariously sad. Harmony heights? Just be low class forever keep them as employees and continue working for the smart. let’s reframe renting and trick them to give up on equity. 😂😅
How awful. Reminds me of a scary Twilight Zone episode. Hives.
😂human smuggling love using them 😂
Parasite landlord propaganda
Owning a home isn’t all that’s. Just ask owners about repairs
It is without HOAs and other greedy institutions telling you what you can and can’t do with your property. Repair costs are minimal to what you’ll spend in rent over a lifetime.
This is why home inspections are important. most homes aren’t falling apart if you properly maintain them. but rent hikes are a guarantee. so you’ll be paying for home repairs whether you need them or not.
Its a another choice as the first family said they considered it temporary.
This fluff piece bought and paid for
End game
All the LIES!!
This is good. Own nothing. Introduce cancellable currency.
We need this in Florida
Built to rent is forcing people out of home ownership. If you think this is a good idea you should jump in a snake invested pool with the other greedy investors that want 50% of the American population homeless on the streets.
No one needs it!
You'll own nothing and be happy 🤣🤣🤣🤣fools
wow!!! The paying $2000 for a renting home and paying extra fees. WhenThey can rent an apartment an save more so they can purchase their home of their dreams. LADIES AND GENTLEMEN THIS IS A SCAM!!!
I hope to find someone to rent my house on the Nile in the island
I am in dire need of money these days. It's $1,200 a year. I need this amount quickly
Or - is there anyone who can lend me this amount? And I will pay back this amount every month 100 dollars
More like the sweat states.. 🥵
while you're renting I built almost 200 thou😅dollars of equity
We're you are
cool
Build to sell, to first time home owners, is the only way. After all, they are not making land anymore.
Horrible
You will own nothing and be .......?
No its not right for you and its not right for anyone
you'll own nothing and be happy