Data reveals Bay Area cities with most rent-burdened residents
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- čas přidán 17. 01. 2024
- New data reveals renters in the East Bay are having the toughest time with affordable housing. Hilda Gutierrez reports.
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You don't need an Investigative Unit to tell us what we already know.
really delving deep, aren't they.
That’s why i always be thankful and grateful with everything in my life
Around 2:53, the story talks about Bertha purchased her home 18 years, paying $1000 a month in mortgage. Her mortgage payment now is double. Is she a renter or a homeowner? I'm confused as to how the bank could double her monthly.
guessing variable rate.Should have refinanced into a fixed when rates where low.
even at 2k, that is still "cheap"
@@Steven-mm7gb i'd say that's the only legal way.
Variable Rate or she took out a loan.
You know folks never tell the entire story. It’s where we are now. Mostly everything is a lie….even if it’s by omission. I’ve been a homeowner for 19 years. My mtg slightly fluctuates if my property taxes go up. It’s never been more than a $20 increase.
@@thatbemefool gotta be a victim of something, doesn't she? 'those greedy capitalists somehow raised my mortgage despite the contract and none of it was my fault!'
no doubt she's leaving out a variable rate or second loan and/or adding property tax and insurance into that.
Too much to live in ghetto Pittsburg
Bay area residents have jacked up prices in sacramento 😢 because they cant afford the bay area
I understand Walnut Creek because it's a safe, beautiful city with wealthywealthy home owners...but Pittsburg?
I rather live here in Stockton it’s much cheaper than the Bay Area and plus Stockton is not really that far from the Bay Area
The study is not where is the most expensive- it’s where people are most rent burdened. The incomes in Pittsburg are low and it’s one of the furtherest out places that bart takes.
College student here & my paycheck doesn’t nearly cover my rent at all. My rent is meant for low income housing & is $2500 per month alone not including utilities for a one bedroom
when my rent gets too expensive i move
What useful conclusion are we supposed to draw from this?
Location as an isolated metric to identify cost-burdened renters is misleading to me because it suggests that those locations are particularly high. In reality, it's an indicator of earning power to rent ratio vs locations
If the majority of lower income households live in the East Bay, then of course the East Bay will show that most folks are rent burdened even though rent is lower than other parts of the Bay.
Put another way, SF county has a lower rent burdened than others even though rent prices are the highest... Why? Because lots of high earner tech folks live there and it skews the percentage. I'm sure other folks would like to live in SF if they wouldn't be even more rent burdened than the East Bay.
People don't care about San Francisco.
Stop it your using common sense and logic.
Exactly! Rent burden is not the high cost, but rather the lower earners that live in the east bay.
look, these are liberals, they don't ask many questions and only accept the answers they want to hear. they believe obesity is healthy, men can be biological women, and raising the minimum wage won't affect prices. in other words, you'll have better luck explaining how helicopters operate to a toddler than making them understand statistics, logic, common sense, history, cause and effect, and facts distilled into a cohesive, intelligent thought. anything beyond a tik tok millennial explaining life while piling on make-up is well-beyond their comprehension skills.
1/3 of pay towards rent? Where does this exist? Idaho?
lol more like 80% for me for a $4000/mo rent.
Why no news channels talk about how much govt entities are making it expensive to build. Do you know fees paid for Water connection (as high as 50K in some cases), PGE, sewer connection fee, Building permit costs, park fees, affordable fees, impact fees, school fees. These fees are more than the cost of the land for apartment buildings. Everyone looks are the end cost that consumer pays b ut the local cities are the ones who are responsible to make this no affordable. All this on top of the unfriendly policies, redtape to build new homes in bayarea
PLEASE DO A COMPREHENSIVE NEWS ON HOW CITIES ARE MAKING THE COSTS SO HIGH.
Big part of high rents in Oakland is that renters repeatedly vote for more property taxes for false promises of better services (like schools and transportation) that drive up the cost. They also vote for lousy politicians that waste this tax money, create costly rental requirements that drive out small landlords and help large corporate landlords, and do not enforce so called tenant protections in many cases. Doesn't make sense to complain if you vote like this.
Rent control is such dumb idea in the state, where it is supposed to help tenants truly fight against unexpected consequences with landlord. Sadly, most of rents now take the "rent control" as blackmail to landlord in exchange for being evicted. Many of them ask for ridiculous mount of money before moving out the house. SHAME ON THEM
that's some real columbo-level investigative skills to ask passerbys on the street what everyone already knows.
😂😂😂
to be eligible for affordable housing, you literally have to have no income. suggest something that works, this was a waste of time..
Don't why everyone is pretending as they don't know the real reason of the high cost of living in the Bay Area! I mean is it really that difficult?! Ever heard of "Tech companies"?! Look it up and their salaries!
I heard someone on tv in the 80s say that you should not pay more than one third of income for housing, so I started just watching rent prices and seen it double then triple and beyond in Florida. I watched in Florida as we went from no or few homeless to thousands of homeless. Its a math problem and a greed problem.
It's simply math. If someone makes millions per year, that money comes from somewhere, mainly the middle and lower class. Crony capitalism where the rich pay little to no taxes while the middle class is taxed into the poor house. This isn't sustainable, we used to have a middle out economy, where the middle 50% drove the economy, but today, it's driven by the top 30% thanks to the failed system of trickle down economics, which is clearly not working. Both parties are controlled by the rich, so we're screwed.
Its NOT a math problem its a liberal problem. 90% of the homeless CHOOSE to be homeless, why wouldn't they the get literally everything handed to them. Go to your homless area and ask 2...two people why they are not in a shelter and you will see.
Keep Building
@MimiVerbana not enough to supply the demand if housing!
@ $500 per sqft to built. Rent wouldn’t be cheap.
rent in the Bay Area will never be cheap no matter what
Get out of California ASAP!
You get out!
Contra costa county does not have any rent control. That’s why renters have much higher burned compared to SF and Oakland residents.
30% is also too much. It should only be 10% your income. There's no reason for housing to be expensive like this.
30%?? I pay 50% of my income on rent!
The solution is Newsom should pass a law to raise minimum wage to $50 and hour. Everyone needs a living wage....
Lol that would make it worse
hopefully you're being sarcastic
Make it $500!!! 😂😂😂
you're dmb as a rock... if minimum wage increases it will just make everything more expensive.
What how about Newsom comes after investment companies and private lenders, enforce the lower down the rent as well as private property owners
30% isn't even justifiable for a rent. 20% should be
"Most rent-burdened residents" doesn't seem exactly correct. This is by percentage rate of renters who are burdened -- there are way fewer renters outside of the urban core
And it’s not even safe
Walnut Creek has been exclusive since the late 70's lol
I'm 69 years old, I still work, I don't get food stamps or rent assistance. These young people 1/3 my age scream for government assistance. Lazy
My man spent one third of his paycheck on red buttons 😂
If you look at the map of California you can see where people only wanted to live. You cant tell someone from Jersey to lets get out of the cold and move to the valley man.
Death Valley is a popular destination.
@@user-yp9nz6bs9q Ha. it is pretty tho
San Jose!!!!!!!!! 3x the rent 😢
I know how to fix it! Give businesses all the money 🎉
what's the government doing with all your money?
concord???
Ima buy a tiny home or Rv I’m over it
I'm so glad I left the United States. I can walk everywhere, groceries are cheap, and rent is affordable.
It's terrible and depressing!
Tell us something new.
I remember during Covid, we were renting a studio South San Francisco at now Bell South City for $3,308/month…a studio. Only thing nice was it was new apartment complex, the staff, and it was a one exit away from work. Sares Regis had the audacity to say they won’t raise our rent if we stayed during pandemic, when most of our neighbors broke their lease because they can work from home, and all moved back to SoCal.
The American Dream
Its called gentrification
No it’s not. That word is overused and mostly out of context.
Most importantly, Gentrification is a good thing. Who wouldn’t want folks investing in cities to enhance the experience? I welcome it in mine as a homeowner and taxpayer.
@thatbemefool Well, taxpayer and homeowner needs to go back to school and look up the Definition of gentrification.You Only sounds smart to a dumb person!!!!!!!😉
@thatbemefool you must be a transplant
@thatbemefool Gentrification is the process of a neighborhood's character changing when wealthier residents move in, and new businesses and amenities appear. It can also include an increase in rents and property values, and demographic changes in income level and education level.
Greed greed greed greed greed
I hate to see any of those people in 5 years
Move. You are not trees
Money is humankinds most moronic and destructive creation, and that says a lot. Jacques Fresco and The Venus Project. If only we were doing that from the beginning
Work 4 jobs. No sleep.
A mortgage is half of your income not to mention the property tax.
You will own nothing and be happy. Enjoy your cricket burger 🍔🦗
Nobody is moving to this dump city.
True
For those who remember, this all started when they wanted to clear SF and extended Section 8 to all cites. Crime went up and the market was destroyed.
Folks thought I was insane when I left my rent controlled apartment and pursued homeownership instead. Best decision of my life! It was difficult but now, people see what I saw in 2005.
What you’re insane this isn’t start because they cleared section 8 the starter because it became a tech dominated state, when I moved here I had a studio in San Francisco and Nob Hill for $750 and that was in 2007 through 2009 then I moved down south of market onto Mission and third with a one bedroom for $1800 then shot up with a tech boom by twice as much then I moved to Oakland and I pay less than $1200 for a one bedroom, but I’ve been here for almost 10 years.Section 8 hasn’t even been open for about 12 years, I know I applied because three years ago I got injured I’m disabled. so what the hell are you talking about?
'rent control rent control rent control!' i don't think most of y'all know what rent control really is, and i dare say the lot of ya are wildly in favor of raising minimum wages to stupid levels because 'i is smart!'
nobody wants to live in OMAHA>....nobody!!
Solution? Nationwide rent control!
it doesn't work where it's at and involves massive corruption. good luck with that, though.
MOVE OUT OF CALIFORNIA NOW!
We are victims, not residents.
who did you vote for? let's start there in determining your 'victim' status, eh?
@@ryanbarker5217 I'm a lifelong RED
@@markalbiar6151 meaning conservative? in that case, what are you a victim of? capitalism? living in a rogue state poorly run by 'progressive' traitors, incompetents, and corrupt fools? illegal immigration? your own situation preventing you from leaving?
We need an income tax to help relief rent costs. Cash vouchers. No ID required, of course.
Income tax is exactly the cause of California's unaffordability
@brianp5205 Why No ID required?
ID requirements are racist. Black and brown people are more likely to not have an ID. Racial groups that already have the most harm done by this white supremacist country.
OH YOU SHUT UP, BRIAN THE TRUMPSTER FREAK!!!!!
Is not American dream all about working to fund capitalism and make rich richer!
Education,
Healthcare,
Roof on head
- are not basic human right here. These are luxury.
You know very little.
The government should buy or invest in all rentals....not worth it to own real estate anymore...