Evictions skyrocket nationwide as housing costs rise
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- čas přidán 29. 03. 2024
- Pandemic-era eviction postponements and federal assistance programs have expired, leaving renters vulnerable to the eviction filings that have dramatically increased nationwide. As wages can’t keep up with higher housing prices, landlords make the ultimate decision on whether to evict, oftentimes at a human cost. NBC News’ Valerie Castro reports.
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#Evictions #Housing #HousingMarket
I’m a grand dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
@@hasede-lg9hj Please pardon me, who guides you on the process of it all?
I won't pretend to know everything, though. Her name is Sharon Ann Meny but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
Many Americans are facing hardship. It's not being covered enough in the media. A crisis that needs national attention.
it gets covered, just not on the media stations that don't allow opposing views. Can't be journalism if you only talk to people that agree with you.
You do realize they have literally apologized to murderers for violating social norms in labels.
Speaking about the average American suffering doesn't go along the propaganda our government is trying to sell to the rest of the world
They don’t want Biden to look bad.
Survival of the fittest, the USA mantra
Outa my way its a busy day
The rise of rent is ridiculous
And it will continue to increase 😮 America is becoming a nightmare to live in 😮
The rise of grocery prices is ridiculous. The irresponsible politicians printed out a ridiculous amount of money.
It’s called capitalism
It's called the government being evil, and just giving out an insane money for free. Has nothing to do with capitalism. Socialism is far worse@@agmcroom2374
They literally can lie so they raise more rent for more money it's business tactic
Would someone please explain to me how one can be evicted and processed out so quickly yet nothing much can be done about squatters.....i mean seriously....
libbys need the immigrant votes
Good point.
Totally unfair.
Moral of the story. become a squatter.
Because politicks
don't forget you'll own nothing and be happy
not living in a car
Bs maybe some of you but I refuse
@@roymoxley2587that's a World economic forum leader's quote, Klaus Schwab
Literally scientifically impossible
"Then you will not live in peace or at all," that's my mindset
THIS IS HORRIFIC AND I HATE THE WAY THE GOVERNMENT TREATS OUR ELDERS. LAWS NEED TO BE CHANGED IMMEDIATELY.
So does anyone follow speed limits which are law? Nope. So tell me how a law will help with housing.
she had DECADES to buy an affordable house that was easy to qualify for. She didn't bother to prepare for retirement.
I don't think u know what's going on
Seriously that's what it's about..the middle class diminished so you might as well just buy the retirement home.and be satisfied.
SMH
its economic issue, not a politics
Gonna be 2008 all over again. People are really delusional, thinking they can afford houses that cost a million bucks on a 5 figure salary.
No, bc the scenario is changed. Its not families dwelling in homes they own. Its profiteers hoarding housing to possess ppl and their incomes. The ones who will crash are the massive property owners who bit off more than they can chew and know it
lol ok bro sure. We will never again have a market crash like in 2008. Everyone is dedicated to making sure of that. And you don’t want that either. It was bad for almost everyone
@@0IIIIIIDenial much
After 2008, the banks have been the most strictiest they ever be. You can hope for 2008 but it isn't happening. That's the reason why people RENT because they can't afford the house.
@@0IIIIII lol hilarious. If your loan payments are 2-3k plus insurance and property tax, you're just one bad month away from defaulting. No bank can guarantee someone keeps their income level. Someone making 150k could be making zero next month. Thats more than likely what will cause he next one
Something weird is happening in our economy. Many people say business is booming and they are making lots of money. The stock market is overinflated. And the real estate prices keep going up. Yet, inflation is out of control still on most things and a lot of people are getting laid off and cannot find jobs.
Americans in my area have been seeking work but get no callbacks. Meanwhile ,I went to Walmart yesterday and not a single floor associate spoke English!
The rich will never have enough. Even if we hit the reset button and fix income inequality, greed will still exist. It’s only a matter of time before the cycle repeats.
@@Farcehole yep one of the reasons TikTok got so big was bc it was for the common person. The wealthy could not thrive there. Gave the users a taste of the wealth and they turned into the very ppl they use toblock from the app. They only wanted a slice of the pie. Now the app runs on capitalism
Economic Crash
Bingo@@citizencoy4393
There needs to be an investigation into those management companies who skyrocket rents. It's price gauging
It is not price gauging. The management company is a victim of inflation
It's called capitalism. They can charge however much they want because there are no restrictions or caps for basic human rights.
Blame the politicians
There is, ever heard of RealPage? Landlords are now being investigated FEDERALLY using that to determine anti-market rent prices
@@xxgoodnevil17xxCry harder. Move to a Communist country if you can’t handle Capitalism.
Not just houseing. Everything is going up! Im leaving my house because my landlady wont fix anything but they want there rent!
Withhold rent til they fix it say it’s a safety issue at the rent board
@@funkymonkeyman1000 I tried that . She evicted me.
She legally has to fix, sue her ass!@@tammiebroggins
remeber though folks according to NBC the economy is booming, unemployment is at record lows and wages are at all time highs!
Those things are true, but it's also true that more people are getting left behind as inequality and inflation grows. This is a problem that continues with both Dems and Reps.
this woman moved in with her mom who got a check for rent. seems someone was cheating the system.
@@Mlogan11 Winners and losers....
@josha.bdoge2 who are the losers?
@@lowboyyy Middle Class Americans
I’m going to start sending this to anyone telling me the economy is booming and unemployment is at a record low
The economy is booming, unemployment is low and housing costs are ridiculously high due to a greedy market. Welcome to America 🇺🇸
@@calvin394economy booming??? You sir are an alcoholic!!!
The economy is booming, unemployment is low. The way to solve many of the problems we have with the economy is instead of buildings expensive single family houses, we should build many smaller, lower rent, high density apartment houses. That way, people can live in cheaper housing and a greater supply of places to live. But the builders don't want to do that, they want to control the market and build what will be the most expensive for everybody and makes the greatest profit for them.
@@ronaldlindeman6136 Charles Schwab ova here!!!! A 1500 sq ft 2 bath ranch house has went from 175,000 to 420,000 in the last 4 years and wages have been stagnant for years, the math doesn't add up buddy!!!
@@ronaldlindeman6136lmao commie blocks are not the answer for this FYI.
Some people are like " who cares?let's help the migrants, the poor migrants" This is disgusting .
Please post proof of your comment. Thanks.
@6time686 look it up. You're on that platform. New York is giving money.
immigrants work and pay rent. we need more immigrants
@@6time686NYC is literally handing out money to illegal immigrants 😂😂😂 of course you blue voters are absolutely clueless to this
@@slayerized27 Nah.. I didn't post it and neither did you. The person who posted it has no response. No proof. So there's that.
Ah the Great Depression 2.0, we will repeat history with homeless people sleeping outside empty apartment buildings.
This isn't even a joke anymore i am already going through it 😢 Many jobs are being replaced with computers or AI
Looking forward to it! It will be a great time to buy! 🏠
Nope they are filling those empty apartments with immigrants. Americans are the ones being left to sleep on the streets.
Not too long and homeless camps will start being called "Bidenvilles"
@@sebastianbroncano7405bot
Ahhh the American dream. Which is now more of a nightmare.
No such thing as the American Dream.
Tell that to the illegals coming here
@@analienfromouterspace ..under Bidenomics.
@@lukehelleksen68Under Trumpomics.
@@MrBlueBot5 trumps president? This is trumps economy?
Cant even afford a house as an Engineer and Nurse. My gf and i thought we would be able afford a house after college guess not.
Sucks because we worked hard juggling school and work.
Stop voting Democrat!!
People refuse to see the truth and just call you lazy
You are kidding right? What's ypur combined income? The bank require 5-10% down. If you have outstanding on your credit cards, it will hurt your fico scores. Unless the hoise is freaking expensive, I'm always stun that people keep blaming for fate and never move out of NYC or California. Plenty of cheap places to live.
@@LoveLife-oo9cz Golly, another boomer. Not everyone has the same path. Keep on keeping on OP.
Make a savings goal. You two will be fine. Everybody has to start somewhere. Good luck.
Bad policy is making inflation more and more high. Groceries and rent is making us poor or having to move back with some family members. It's crazy
I spent $72 on 8 food items yesterday. $72!
@staceywilliams1863 Whew Yeah I feel you
@@staceywilliams1863 I feel you wow
This is what happens when you get rid of regulations
That’s exactly what happened to my wife’s brother and his wife and family. Had to move back in with parents because of rising rent costs.
If someone owns so many rental properties that they are forced to pay someone else to "manage" said properties, they are exactly the problem with today's housing market.
😢
That made no sense at all.
There was supposed to pass a bill that if they own more than 15 properties that they would get hit with a 20% tax penalty for owning too much homes but the politicians kinda blew it off
@@Dario36515 Wake up. Are you really that dense?
you clearly have never owned a home
My friend can afford rent yet can not get a place due to credit. How are immigrants that just got to this country in homes with no credit as Americans are being denied homes based on credit? My friend makes around 8k per month. This is intentional.
Landlords probably get incentives or tax breaks to allow newcomers to rent without credit checks
@@retrogamer82 Something is going on that’s for sure.
The government is paying rent for them, laying citizens off and re hiring them, giving them debt cards so they can go buy nice designer clothes and send money back to their country so go figure.
I know someone who owns 5 rental houses...all she does is complain about fast her property taxes are rising as she price gouges tenants and has made a couple of million in "equity" on the homes over the past few years. I have no sympathy.
That's what happens when you invest your money, instead of wasting it all on lates and new car leases. You could do the same.
@@caucasianafrican1435 Not the point. Take your own advice
@@caucasianafrican1435 and look inside their closets, might be full of expensive stuff! Some people as soon as they have money in their hands, they can't wait to spend it! I know ppl like that and they're the first one to say they're living paycheck to paycheck! Booohooo😢 Learn to save!!
your just jealous,,dont put someone down because they are getting ahead
@@glennmerlini2895 not jealous a all. Just showing facts
He said it’s stressful because I have to take money from my other property, meanwhile so many are living in cars with 0 properties
Yeah but he can’t keep taking money from properties, if he does, then eventually he will lose the properties/portfolios that can’t cashflow. I don’t think you understand that landlords usually aren’t getting rich. Unless they’ve owned a place for a long time and it’s appreciated, or it’s paid off, rent is usually only a few hundred dollars a month in profit. While that is great, it’s not a lot of money, and it only works if the tenant pays. Otherwise, these properties don’t make money and are very expensive
That's not his fault that other people didn't work hard to be able to afford other properties. Why do socialists think that people just wake up one morning and have nice things? Smh
@@0IIIIIIwe have a housing crisis because landlords want to make a couple hundred bucks extra off of a property they don’t even own outright. So their tenants are paying the mortgage plus some all for the privilege to be told get out when they spend more than 30% of their monthly income.
@@Opeandaway the reason we have a housing affordability crisis is not because landlords are buying properties. It’s because people can’t afford them. The two are not necessarily related believe it or not
@@Opeandaway
So if I do own my rental properties "out right" and get fair market value rents ,
I'm good ?
"Landlords are feeling the pinch" Oh give me a break. Landlords and property management companies are the reason for housing shortages and rising rent costs. You buy enough properties in an area, you can easily manipulate the local rent prices.
Landlords have to pay building insurance and property taxes, which are skyrocketing. They then pass those cost on to tenants.
next segment. property taxes how high they are going. but i guess people dont think that happens to landlords.
Landlords aren't in the business of subsidizing people who can't be bothered to work enough to afford rent.
Just like a corporation @@iveyhealth2266
@@TruthFictionthe landlord should work harder
It was said ancient Rome had an enormous slum wrapped around the outskirts of the city. Nothing much changes.
I don't know why more people aren't on the streets with corporations buying up all the houses and charging high rent.
So the homeless problem is about to get even worse. It's near impossible to get a rental with an eviction on your record.
With the credit requirements and the income requirements, it’s difficult enough, especially for one person, I can’t imagine having an eviction or early termination of a lease on my credit, if it wasn’t impossible before, it’s impossible now.
Even if you can somehow manage, all we can get into now are terrible apartments on bad parts of town.
@@dogdonut that’s even difficult to get! I’m in Colorado and the rent here is insane. Even for a crappy small apartment
They have a solution for that. They are fixing to CRIMALIZE HOMELESSNESS So they are going to start locking them up
Moving out of America is my goal. I don't hate the country but the cost of living is making life very hard. Retirement is out of reach if I stay here.
What country are you moving to?
@@stefanniechavez7931 Thailand
Bye :) dont come back
@@WeskerDidNothingWrong Lol ok 😂😆😂😆
I did. It’s hasn’t been easy, but it’s a long steady climb.
I started late though. I only need to work another 14 years to receive a pension and retire. No crime and no homeless where I live. Even entry level jobs pay good. Learning another language for me is the most difficult part.
We live in dystopian times. Late stage capitalism.
@lefersan did you bump your head?
Miogan11= BOT ACCOUNT
@@ghostmantagshome-er6pbI'd call you a bot, but not enough intelligence is detected....you must be a SHEEP ACCOUNT.
@@ghostmantagshome-er6pb ghostmantagshome-er6pb = TROLL ACCOUNT
@@ghostmantagshome-er6pb Wrecked.
Instead of America sending money to other countries, it should increase wages for American workers!
Americq. Citizens ate being denied Medicare losing jobs and no help job n family ate to bust helping illegals. Rural America is suffering and our puppet president isn't even on this planet. I declare mys4lf an illegal I can get housing health insurance all the good I can fit into a shopping cart. This is what's happening in Rural America. The propaganda NBC spreads with all the hate speech refusing to repirt the truth about what's happening to a lot of 55 to 65 year Olds in America sad to watch an illegal move into a house as a family is moving into homelessness. This is America and today is declared IT day God help us.
So you think the government should give handouts to poor American workers? I don’t think so. I’d rather help out friendly countries that need the help than Americans who aren’t able to live within their means
@@0IIIIII I only know this peopke that havexworked all their lives have has their hours cut back to about 12 hours a week the companies have cut their insurance they have health issues that need immediate attention. Have you ever tried to buy insulin? I was on vacation in Florida I has lost my insulin so I went to a pharmacy and figured I would just buy some they wanted $600 dollars for the type my doctor had prescribed for me. Working 8 to 12 hours a week with health issues I know a few that ate trying to get other employment th4y can't just work any job so they take lower paying jobs at this point in time jobs are getting harder to find. These people worked hard all their lives and have fallen upon hard times. Job n family is denying then Medicare while giving it to illegal that are working. These elderly are in need for you to say what you have said is a shame and sad thing. This I'd exactly why I'm voting for Trump we have to get this bum out of the LGBT house. If you truly feel the way you do you should be ashamed of yourself. Rural America is crumbling and peopke like you obviously have had it yo easy. Maybe God will make sure this affects you and your family in a hard time situation. I'll pray for you why I don't know I guess it's the right thing to do. Watching people I've known all my life that have health issues and losing having work hours cut to almost nothing is sad putting thrm in the streets is sad. It will only get so bad until the people will rise from the ashes and violence will begin. The illegals will have violence brand upon them that would be sad you will like that it would ge entertainment for you. Shame on you
@@0IIIIIIDude you’re exactly what’s wrong with our country.
@@texas7983 I think Ukraine should be helped. I don’t think your struggles are as important as Ukraine or Israel or Taiwan.
Landlords feeling the pinch??? Please. Who cares, its mostly corporate land lords now and thats the problem!!!!
The landlords are not Americans, they are foreign investors, Israelis, Armenians, Arabs, Indians, Pakistanis, who use global events as pretext to manipulate currency and artificially inflate prices. This is karma to US for giving these "model minorities" easy ticket towards high mortgage loans with zero interests, business loans and ability start businesses without credit, at the expense of Americans. Average Americans can apply for $1,000 credit card with no credit history. How can the mafiosi allow this?
That's very true. Not many actual individual people these days owns a house. There's more private realtor companies who it.
@@chris135xbs, I know tons of people who own rentals. I myself also own rentals.
@@shawyonsharifi3394 not bs in my state corporations own 80% of the homes on the marker. You are not the majority owner of anything
But the economy is fine
And we’re seeing how the economy is REALLY doing with mass layoffs, unemployment, underemployment, evictions, repossessions, homelessness, etc.
@@wturner777Don't question the government be brainwashed 🙂
@@jordanfgfox7237 Too late. 😂
*Comment refracted for treason*
It's doing fine for me but I live in Texas where they built an apartment complex in every direction. My rent only went up by less than 30 dollars.
No way to win in this economy. You pay rent you lose. You own a house you really don't own it unless you pay the insane property taxes on it. The entire country is going to look like a camp site within the next 5 years due to so many homeless people.
Sad thing is the US government will help you if your a migrant, but if you are American you are out of luck.
This finally gets airtime. This little old lady's daughter must know someone important
Its April 1st, If I dont get mine paid by the 10th im evicted. Been renting in CO for 9 years. Couldnt buy a house because the down payment required for me own would be about 80k. Then my payments would be 2500/mo for a fixer upper. Its crippling and hard to wake up. Debating living in my car
That is not true. You could’ve probably bought a condo or apartment with a down payment of way less than $80k
There are houses with just 100-200K in many states. Supply and demand, people. You want nice weather and view, cool, they will make you pay for more.
@@LoveLife-oo9cz also, jobs. And a social life. If you are ok as a man dying alone in the Midwest and working in fast food, or retail…then I guess this is acceptable
Hope everything works out
Remember to read the lease agreement before you sign.
Ahhh. Poor, poor, landlord. It must be nice just to own everything. Landlord jacks up the rent 300, and the tenant has to figure out how to get 3 more days of work for the month.
The landlord owes money too.
Taxes, insurance, mortgage rates all factor into rents. Wake up
@@user-dw1ls3rp1lsell. Any other investor would sell, but for landlords its about control
To be fair , taxes , home insurance are also increasing and they don’t have much control over it
Well complain that to your government. Not like they don't raise the taxes every year. I'm a not a landlord and last year my house got appraised 20% more. Guess how much they made us pay extra compare to last year? Extra $1000 in property taxes.
The usa 🇺🇸 has become a nightmare place to live in 😮
The cost of living has manage to over take most people's ability to keep up . The cost of housing is crippling the nation . And being able to eat for millions of Americans is becoming a struggle . If America were to enter a recession as things currently are ? The great Depression would seem like nothing .
Greed in the housing market has caused this, yet people by and large don’t want to regulate the market. It needs to be more difficult or costly for investors to buy single family homes, or buyers who want to live in the home need to be given preferential treatment. That would be a start. Builders could be given an incentive to build more affordable housing, but the affordable housing has to go to people who intend to live in the home.
It's not greed, it's sky rocketing mortgage rates. Biden policies has doubled mortgage loan payments.
Greed? You mean basic economics? What do you want instead? Landlords to give you a discount for free?
Any "incentive" would be coming out of taxpayer pockets. And federal and state "incentives" ALWAYS come with hooks.
@@0IIIIIIIt really is out of control now…very weird times
NBC knows exactly why we have this housing crisis. After all, NBC helped establish many of the causes.
Wow we have a winner, you are so right, but most here are to stupid to. Figure it out, thank you for seeing the big picture were most don't, heck, they don't even understand what you just said,
@@200cdlwhat did NBC do? lol.
And whats going to be done about the increasing rent rates???? What????
What can be done
@@damoneboyd9945 government regulation, which will cause the people who could benefit the most from it to start screaming that it's socialism.
Nothing can be done except increase housing supply and deregulation. Regulation ALWAYS makes prices go up ALWAYS
@@Soooooooooooonicable I see
NOTHING
I was evicted 3/2023. I worked all through the pandemic, got vaccinated, homeschooled my children, then got sick, short term disability paid only 60% working for the US largest credit union, no rent assistance funds available since all were exhausted during pandemic, got evicted, still homeless with a job because I don’t make 3x’s the rent since inflation plus I have an eviction on my record now… in case ANYONE gives a s***.
Be sure to evict the squatters first!
if he raised the rent. and she didnt pay. shes a squatter.
@@diegojines-us9pcAnd you think it’s ok to just keep raising the rent? What’s she supposed to do live? End her own life?
@@diegojines-us9pcAnd those who stopped paying their car notes while still holding on to their cars are considered a thief.
LOL, oh they have rights, they will move in as we are moving out
@@diegojines-us9pcshe's a squatter, Yes
*But*
"He" is raising the rent so "She" has every right to be a squatter
Since WW2 Recessions have become rarer and shorter. But they have become steeper. And the next one will be just like 2008. Give it time.
This is happening everwhere, and different parts of the country are affected by different accompanying problems. What's happening in Phoenix, for example, is horrific. Evictions left and right, and summer is coming. People turn off their AC because it costs almost as much as rent--they feel like they have no choice--and they end up in the emergency room (or worse).
Even with the air off and out of the home somehow the electric bill is always that minimum $250 per month. Using it boost it even more.
Shelter from the elements is a basic fundamental human right!
Making shelter form the elements a privilege and forcing people out onto the streets is building so much resentment there WILL be a tipping point when people have had enough of this cruel, greed driven madness!
Scary but true
I'm 70 severely debilitated from mold poisoning I received in the rental unit that my landlord knew about now evicting me under the Ellis act to raise the rent I will be homeless and on the street and will Parish and all of you reading this could really give the s*** what I'm saying is no one is stepping up to help me or others like me we're just being thrown under the bus to die you people all have blood on your hands your silence is consent
Crazy how they can evict you for bs like this and it stays on your record
Stagnating Wages, Corporate Greed artificially increasing prices, lack of Rent control.
This is unsustainable
you fail to ask WHY wages are stagnating or what causes inflation . Rent controls only work for housing already built, because new housing construction stops
Property is way over priced, it's a tax collecting scheme.
I definitely dont forget the wave of flippers, encouraging all kinds of shows on hgtv which helped it grow into a frenzy. They all happily laughed about the benefits of getting other ppl, who do work, to pay their bills. I find it telling how the rich dont think they should work to make a living, but expect others to work for them to live off. And if you’re poor, dont you dare even expect subsidized housing or welfare!!!
@@XetaXones understood xx it's very easy for people who live in glass houses to toss stones.
“Landlords are feeling the pinch” that is so bs, most bought these properties years ago with low interest rates. Never feel sorry for a landlord.
I get where you are coming from, but that is such a broad statement. Some landlords are just regular people.
I don’t!
@@virgobutterfly1680and?
you know nothing about the cost associated with being a landlord
Every day landlords, actual people not companies are just trying to make enough to cover expenses right now. It’s not price gouging. If a landlord rents a home for $10k a month, how many interested parties would you believe that would draw? Exactly, none. There is a sweet spot to charge a bit more and cover the mortgage and still bring back a bit of profit, that is gone and being able to break even is all they are looking for.
Greed.
You dont have to rent. No one is requiring you to. Go live with family or a friend... Noone feels sorry for you.
@@Maybe1Someday You a re an i di ot.
@@Maybe1SomedayI agree, just another 🤡 talking out their backend.
I love capitalism. Imagine a world if everything was free.
This is horrible and it is not getting hardly any attention. NBC will cover a Duchess' cancer for half the broadcast, but spend a pittance of time on this issue that deserves at least 10 minutes.
Unfortunately nobody cares about the 100 million Americans that are barely scraping by and making ends meet! They sure are pumping up the economy and stock markets though!
@@kevinyoshida3586exactly. Bidenflation is killing the poor and lower middle class.
Um... no one is really talking about this, but banks are going bust like 2008 because of the commercial real estate bubble.
[citation needed]
@0IIIIII
Google: commercial real estate bubble
The chatter will start getting louder once Congress figures out a way to convince themselves they need to give these mega banks money for their failures.
@@0IIIIIILook into that one bill that Obama passed. It was meant to prevent THIS exact situation from happening again. Trump repealed that bill. Please, use the internet to find info. Stop using the internet to be social.
They will happily kick out hard paying people that missed one day of payment. But a squatter can make themselves at home, while nothing gets done to remove them.
This is truly clown world.
I mean, importing 10 million people really hasn’t helped the housing market, not enough homes to house them all. More competition, higher prices.
Migrants just a form of population growth, just like babies being born. Actually migrants are even better than babies being born becuase they’re usually adults and usually are educated in some way, they don’t need the state to pay for their public schooling for 12+ years like American born citizens need. Anyways, given that population growth is essential for the economy, I don’t accept this argument that migrants are to blame for higher cost of living. That is the individual’s fault for being poor
@@0IIIIII bro you are missing the point, I’m taking SPECIFICALLY about the realtor market. babies don’t need new houses, adults do, how long do you think it takes to build 10 million new houses? In the meantime they want to buy what’s on the market, that means greater competition and higher prices
that's why we need more evictions, to house the immigrants
None of the 10 million illegals are paying rent. YOU and I are paying their rents. Thanks, NoBiden!
@@0IIIIII The delusion that you and ppl like you walk around with is astonishing. Not based in reality in the slightest. Who has been feeding you these lies Biden and Kamala?
Having the audacity to have open borders.
I might be evicted next. My landlord raises my rent 50 bucks every two year, but this year he raised it 150. Yes, that breaks us. 150 United States Dollars
One reason blk Americans can’t get ahead is this $125-200 yearly increase. Has been going on in my state for decades. How can u save when rent raises yearly so u constantly have to move?
In Miami they’re raising $600 a year
When I got my apartment in 2018 it was $1,350. It’s now $1,850 and that’s low for my area where everything is $2,200 and up for a 2bedroom. 😢
@@MBT372 My friend has an ok 2 bedroom apartment and it’s not even in a nice part of town. We are in Colorado btw and she said they raise it $100 every year. I think that’s outrageous. Absolutely crazy.
but the migrants need a home.
Capitalism at its best. Everything now is about who has the money to pay for it. No concern whether people can actually afford it. It goes to the highest bidder.
Rich ppl dont work so im curious how a economy solely based off of living costs will survive let alone thrive
right? when my grandparents were young, houses and cars were free. and their jobs paid $1,00000 an hour.
You got a better option?
@@XetaXones the same way it has all of this time, by exploitation
Its brutal out there and nobody cares
I care but I don’t know what I can do about it.
they need to make public lots so people can live in their cars
Lord help us. 🙏
There should be an 11th Commandment specifically for landlords Thou shalt not evict or raise the rent! 🙏
@2:05 I don't want to hear a landlord complain about it being "emotionally stressful" just trying to juggle his finances around. The evictee has it FAR worse as they're losing the roof over their head. That goes way beyond being emotionally stressed.
perhaps best to simply 'not' be a tenant and make the 'choice' to become a stakeholder...
Im getting poorer and poorer each year because price rises waaaay faster than my salary. My insurance rise 9% this year, my salary 4%.
When you start adding in more years, you see the gap is getting more and more significant each year.
Landlords are gouging everybody as hard as they can legally get away with..
Absolutely right!
2:00 I like how he phrases it to sound sympathetic. "I have to take money from another property to put it into this one. It's emotionally stressful." Please, have you ever had a real job? You're paying your personal bills out of the rent money you jacked up and take from your tenants' pockets.
Also how he wanted to be called a "property manager" because he knew the negative connotation around landlords but NBC still put him down as a landlord at 2:02.
Why buy home or rent nowadays? No one can afford increasing costs and home prices keep going up in most costs, housing costs are going up and we are not making enough to keep up with other things going up
And McDonald's is complaining about $20 per hour? This is why wages needs to meet where inflation is.
This is sad for people having to go through this
Uncontrollable HOA fee, property tax etc. increase the costs of managing a home
This IS a serious and real problem. Landlords and real estate investors are the major part of the problem. Greed. Greed. Greed.
I am a landlord, and I pay almost 20 percent more for HOA, tax and maintenance compared to 2022
Vote for rent control if you want to stop this landlords need to be held accountable for the homelessness they create
Landlords are paying more and more every year because of inflation! Never blame corporates and people for inflation. Always blame government for excessive spending and money printing@@jacobnapkins1155
@@jacobnapkins1155 but what politicians are ok with rent control? seriously tell me who and I'll vote for them. Seems like all the politicians are owned by these companies.
@@user-sj5ju4jb7t It's got to be done locally unfortunately a lot of States have a ban on rent control so tenant protections, Airbnb bans, abolishing nimby zoning laws are the next best thing to fight for locally if that's the case. Also the mayor of boston is one such politician
The American Dream is long gone. Middle class Americans are struggling bad
There is a distinctive difference between citizens who are landlords and corporations.
Yes, really, there are differences.
Corporations don't clean your dryer???
Mom and Pop landlords place a higher value on keeping good renters and as the owners they are far more incline to negotiate rent. Wall Street investors of apartment complexes are ruthless and without mercy to one's personal circumstances. Their goal is continuing to increase rent, hence more profit, and in purchasing houses, and renting them as well, and creating communities where people can rent forever but never purchase, they have/are creating a construct where it becomes nearly impossible to buy a house. If a person can't buy a house, locking down a fixed mortgage rate, and they are not lush wealthy the odds are they will have to work just to hold on literally until the day they die. Rent will always increase but NOT knowing the difference between these two kinds of landlords can be financial suicide.
both are crap
Until the market crashes due to greedy landlords
at her age and shes still moving around from place to place. seems she delt with this before. or she still be in her first place.
they are kicking out AMERICANS to house ILLEGALS
they are offering landlords more money to kick out us AMERICANS
to house illegals ON OUR TAX DOLLAR
they have sent multiple letters to me asking if I could free up my rental homes in Colorado!!!!
And it’s going to eventually. In my area one of the newly built apartments they want $1600 for a one bedroom. Most people don’t make that kind of money in our market.
@@wturner777 most people you know. thats not most people
@@diegojines-us9pc No that’s statistically most people in OUR area. Yes, it’s true that every location is different. But most people don’t make that kind of money in the south.
its been real yall. see you all in the streets
Meanwhile, the Fed keeps saying the economy is very strong.
The economy is not that simplistic. Many sectors of the economy are very strong but real estate, in particular, has gotten out of hand in relation to wages. There's just a large enough segment of the population (because we have more people than ever) that can afford these outlandish real estate prices. All a seller or landlord needs is that one customer who can afford their price. That one seller or landlord isn't concerned about the entire national real estate picture.
It can be true that the economy overall is strong and real estate prices are too high.
Yeah because they have a new migrant work force and they are shopping til uncle Sam Drops
One word: GREED.
BIDENOMICS
Also poor gov regulations
Why is rent rising? Rent shouldn’t be rising every time the lease renews. There needs to be an overhaul in rent costs. Money greed happening.
@@jayk3551 Lets get rid of all or most of what you said most of the FEES you mentioned are just unnecessary. Where I live, rent doesn’t go up every time lease is renewed. Rent stays the same from when you moved in.
@@jayk3551 There you go, money greed basically.
Take a look at the utilies bills $300 for power is horrednous, lets face it we need to look under the rug closer
if you cant afford it then its not a right. AC, internet, 1200 cell phones. dry and heat is all i would chip in for her.
The landlords are not Americans, they are foreign investors, Israelis, Armenians, Arabs, Indians, Pakistanis, who use global events as pretext to manipulate currency and artificially inflate prices. This is karma to US for giving these "model minorities" easy ticket towards high mortgage loans with zero interests, business loans and ability start businesses without credit, at the expense of Americans. Average Americans cannot apply for $1,000 credit card with no credit history. How can the mafiosi allow this?
Utilities are not cellphone bills and internet. Utilities are necessities for living (power, water, sewer, garbage). And NONE of those services are capitalism. There is no option to go to a cheaper power company and “shop around.” They are monopolies. They SHOULD absolutely be regulated by the government and 100% affordable.
@@aurelie8220 anyone born AFTER 1990 will disagree, because they dont know no better. and every year they keep getting less and less regulated. Reagan started it and its getting worse.
Needs to be a " Fire your landlord" Revolution.
go buy your own then.
rentoids dont deserve homes
I fired mine, when I bought first house.
@@diegojines-us9pcif you are homeless buy a house if you are poor get rich if you don’t have a car buy one if you are ugly become a model if you are short get tall.. you see how stupid that mentality is?
Vote for rent control
The apartment complex I live in is owned by a larger company that owns quite a few apartments around the country and they don’t waste no time starting the eviction process if you are late on the rent. It’s like it’s an automatic thing if you are a week late on top of the late fees they add for being late.
The place we lived at years back, was decent looking and it was gated and all but they were the same way, they would start the eviction process immediately and get their lawyers involved almost immediately. The late fee was $100 and if you went month to month when your lease was up, it was around $7,000 to rent there per month. So the only way to get around that was to sign again for another year and lock in your current rent amount. That made it difficult to get out of renting there, which is what they want of course. If you wanted to get out of the lease early, it would probably be on your credit, I’m not sure, and it was a fee of around $2000 to get out of the lease early. We tried to get a smaller unit at one point to bring the rent down but then that would include a fee of $500 just to apply to transfer and if they didnt approve it, you didn’t get the $500 back. That also included another deposit. I don’t understand how these landlords can charge all of these outrageous fees. It’s absolutely insane.
We hear about the housing crisis on a daily basis. Real estate speculation, short-term rentals, and foreign investment are a huge part of the problem
Landlords are lying about why they raised their rent for tenants. They are price growling and it doesn't make any sense!
The landlords are not Americans, they are foreign investors, Israelis, Armenians, Arabs, Indians, Pakistanis, who use global events as pretext to manipulate currency and artificially inflate prices. This is karma to US for giving these "model minorities" easy ticket towards high mortgage loans with zero interests, business loans and ability start businesses without credit, at the expense of Americans. Average Americans can apply for $1,000 credit card with no credit history. How can the mafiosi allow this?
Bot
Price gouging is what you meant lol
Landlords: "I have to raise the rent otherwise I can't make a profit off these properties my renters could own at a lower cost."
Exactly theyre exploiting ppls livelihoods and hold them hostage
This is the most stupidest comment. If renters can own property why don’t they buy a home? Landlords increase rent prices because the cost of living increases.
Not how it works. If I rent a place out, it has to cashflow, otherwise it loses money and that means I pay the difference. Tenants not paying rent means I bear the full brunt of a second mortgage without offsetting.
@@0IIIIIIMaybe you should find a more honest way of making money than charging someone (who would like a place to live) way more than they would be paying if it wasn’t in your possession?
@@aurelie8220 rent is not “way more” than mortgage, unless the property has appreciated a lot in a short amount of time (as happened during the boom in 2021-2022 from after the COVID-19 Pandemic), or has appreciated a little each year for a long time, as happens normally. Anyways, how does me renting a property to someone who wants to rent it mean hurt them? Should I offer to sell it instead? Perhaps, but tell me what I should be doing differently
Corporate greed.
It's not capitalism. It's not greed. PLEASE! WHY ARE YOU MFS IGNORANT!?
Most landlords are not corporations though.
@@AN-yj8lk Many landlords have been selling to corporations who hike up the rent and then all the rents go up.
@@dianeyoung8068 Some do, but again 70% of the landlords in the country are mom and pop landlords, who have jobs or run businesses in addition to having the responsibility of being a landlord. Raising rents for us is not greed but survival.
There's no "corporate greed". That's what ignorant socialists say when they have no clue about the government.
Pressure and stress
The cost of living in WA is horrendous and rents are beyond reasonable.
Does anyone know the law anymore? You can stay in an apartment for years after you receive an eviction notice,you get a notice to quit possession, payment arrangements,go to housing court over and over, they are having trouble removing homeless squatters from empty houses right now all over America.
Not everyone is going to work the system like that calm down. Most people will leave a place they are no longer wanted at.
@@visibletoa11usersonyoutube that's what I did because the landlord can make your life miserable in many different ways.
@@visibletoa11usersonyoutube I think your very beautiful
Then it will be difficult to rent again
@@fatwallets1018 yes your right,and landlords stock together, because there is many bad tenants.
America should just boycott rent for 3 months and see what happens yes everyone in America just stop paying rent for 3 months and see how fast the rent will go down. if Americans would just stand together we could fix this rent problem. fast. and everyone would be happy campers again.
do it in Florida first. than move on. and when you get licked out make sure you tell the next place you look at that you did this. sure you will find a nice tent at Walmart. why not go out to eat for a month. and never pay the bill.
@@diegojines-us9pc it's called stop living like a robot 🤖
@@population-_-420 its called being a adult and supporting yourself and paying your debts. which home school class did you miss not to know that? momma had no ideal why your daddy had to work.
@@diegojines-us9pc it's called live like a robot do as you'll told and get NOTHING in return
Most renters would never go on a rent strike because they feel that they would be the one person getting turfed out on their butt for not paying.
Renters can’t get mad at landowners who have 1 or 2 rentals. Those people are barely scrapping by themselves. It’s the foreign money and investment companies that are making house prices sky rocket and locking out new homeowners. Full cash buyers will always have the power and normal homeowners with rentals can’t be lumped in with the those large companies/foreign money
So why are housing "costs" rising, and at such a high rate? The rising trend is for landlords to control the market and the rents they charge. Landlords also set the qualification criteria and income requirements (3x monthly rent, etc.) before they enter a lease agreement, AND landlords are usually the party that truly breaks the contract by initiating an eviction in court, a one-sided Unlawful Detainer action that favors the plaintiffs, utilizes law enforcement to criminalize and forcibly remove individuals, and leaves a public and negative mark on the renter's record, impacting their ability to rent again, credit scores and high (24.99%) interest rates to borrow money, auto loans, etc., and can even affect background checks as part of employment applications. No wonder that thousands of people are living in junky old RV's everywhere...landlords don't want them and can afford $250k for a new coach, and only allow "new" vehicles, under 10 years old, to park in their RV parks. Combine that with local governments, city recreation departments, and regional parks to regulate, restrict, and enforce parking laws, while prohibiting access to public restrooms, overnight parking, water, garbage, public Wi-Fi, electricity for device charging and safety lighting. 🤔 Think about it. Where else are 10-20,000 people, every night in the S.F. Bay Area, going to sleep?
Who cares about the landlords
Their wives and children? Their parents?
@@Dinngg0 FACTS!!!
Landlords are capitalist. They put you on the street so that they can have a good life
Who cares about the tenants
Shut up. Not all landlords are private equity companies.
And yet they cant evict squatters???
Sorry, but at 2:06, I find it very hard to feel bad for a landlord that is essentially saying that when someone faces hardship and can't pay their rent, he just has a little bit less profit to work with. Am I saying tenants should stay there for free? No. But by the same token, what are you charging for rent?? Are you charging something that is livable and decent, or are you charging something so astronomical that a lot of people can't afford it, but you feel it's "fair" due to other people being greedy?
This senior citizen have been paying her rent on time what is the problem??? But yet America can give money and housing ,food and money and anything else to the illegal immigrants that have their citizenship in their own country. However; USA put their own tax payer citizens in the streets. Allegedly 🤔🤨🙄🤔🤔🤔
Blame Joe Biden
Government should step in… the higher cost of living the non stop inflation and the minimum wage doest cover enough even basic needs. You gonna have 2 jobs but its killing you making you sick. Not worth it. If the goverent wants to sustain a healthy economy it had to look on the main problem to be fixed . Not politicized it.
The American dream in America is trash rn unfortunately
Rent control. Landlords swear to God they can do what they want because they know buying homes is unattainable so they increase the rent.
This exact scenario preluded the Great Depression