Denver's skyrocketing rental market is pricing people out of homes

[@TheyRiseBand]

In 2005, I rented a 1 bedroom with loft apartment in the Denver area for $625/mo. Today, the same unit rents for $2500/mo. Wages have not gone up.

[@willrose5424]

inequality

[@willrose5424]

@Truth Teller the employer for not keeping up with inflation and the government for allowing it

[@bukboefidun9096]

@@willrose5424 huh? Are a Marxist? Welcome to you!

[@bahathintuli1020]

@@willrose5424 thank you for shutting the clown up

[@wesleygriffiths8496]

my goodness!! that's a 4 times increase in less than 20 years. doesn't make any sense.

[@asajayunknown6290]

A big part of the issue is that housing has become a target for private equity. Corporate ownership means that private citizens are forced out.

[@jacobk2915]

Some neighborhoods in Denver have 1 in 4 home sales bought by institutional money. Should be illegal.

[@msmisonlyrealnews3670]

Free enterprise should be illegal?

[@asajayunknown6290]

@@msmisonlyrealnews3670 no, just regulated. The financialization of literally everything is not of long-term benefit. Short-term gains for the few at the expense of long-term damage to many. Example: takeover of Cabela's by private equity. They made their money, now Sydney, NE is essentially dead. Why'd they do it? Because they could.

[@erikh9991]

@@jacobk2915 Right!! There is a Canadian company that buys homes specifically in 5 sunbelt states. How can a family compete?

[@jacobk2915]

@@msmisonlyrealnews3670 in this case, yes. We already live in a mixed economy. Why not regulate hedge funds who are chasing yields at the expense of families looking to build equity? There are plenty of other investment vehicles, we're talking about shelter (everyone needs it). Free enterprise is meant to foster competition. Nobody in this comment section is able to compete with $10 trillion in AUM.

[@kelvinjohnson4]

Isn’t it crazy how mortgage rates continue to rise with higher imports and declining exports? meanwhile the FED is yet to lessen cost. Something will eventually break if they keep raising interest rates and quantitative tightening

[@williamsbrown4026]

indeed the mkt & economy has gone berserk, price of great assets like real estate, dividend paying stocks, or gold never comes down easily, in my humble opinion, buy what you can afford today, and working with a financial advisor certainly helps

[@LionTowercoporation]

Right, since 2020 amid rona-outbreak, I've avoided the drawbacks of trial and error simply by FA assistance. I'm semi-red now, and only work 7.5 hours weekly, with over $600k pulled off after subsequent investments to date.

[@KelvinWallace]

@@LionTowercoporation huge gains! most finance youtubers said the housing market would be fine few months back, but its been a major downturn... mind if I look up the advisor guiding you please? in dire need of portfolio allocation

[@LionTowercoporation]

have my portfolio overseen by a US-based wealth advisor ''Colleen Janie Towe'' she's well established, and shows quite a great deal of expertise, you'd most likely find her basic info on the internet.

[@KelvinWallace]

@@LionTowercoporation Thanks for your assistance. My finances have been in disarray, and I have experienced multiple losses in my 401k, IRA, and mutual funds. I hope that Janie can provide me with the guidance needed to rectify the situation before it reaches a critical point

[@nicolasbenson009]

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

[@hersdera]

Over the past three years, I have been working with an investment coach who has provided daily guidance on my investment decisions. With their expert analysis, I have realized gains of over 850k. Their insights have helped me avoid losses and capitalize on market breakthroughs, particularly during downtrends.

[@SandraDave.]

I’m intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?

[@hersdera]

renowned for her proficiency and expertise in the financial market, ''Margaret Johnson Arndt’’ my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.

[@annprince5218]

When people are spending a majority of their income on housing they can't exactly help feed into the economy. These high housing costs only end up hurting all of us in the end.

[@sierrachoco5271]

Well said, finally someone who can see the future economic impact. Best wishes from upstate NY!!

[@freewifi7163]

The larger Economy will be find. It’s the small economy that will be hurt. Because this is the new normal. Prices for things are not going back down. My first apartment was $800 for a two bedroom. My moms first apartment was $300 for a two bedroom. I don’t know what my grandparents paid but I bet you it was much cheaper.

[@MegaTamarra]

People are so greedy and they don’t understand basic economics. I knew this was going to happen as soon as the country was locked down. And I wonder who this landlord is who thinks people are just standing in line to pay $2500 a month. They’re playing a dangerous game. They’re going to lose the guaranteed rent to an illusion of someone might pay $900 more.

[@Yandel21ableify]

Wages need to come up or the economy will crash.

[@freewifi7163]

@@Yandel21ableify higher wages won’t fix anything

[@bleujay8785]

This was our story as well. We were good tenants. Never late on rent, kept everything clean, weren’t noisy. We got our lease renewal and our rent went from 1700 a month to 2300 a month (not including utilities). Not being able to afford the increase we were forced to move south and I had to make a 30 min drive one way to bring my daughter to school so she wouldn’t have to miss her last month. We used the little bit of savings we were able to scrap up after Covid to move. Also causing my credit to take a major fall. It’s had a domino effect on our lives. I pray we all find some relief soon

[@Spider7xx]

Hey are you single?

[@liberatetutemeexinferis5902]

Ouch!

[@lapuercadelinfierno7380]

@@Spider7xx simp

[@zzizahacallar]

I'm sorry

[@jakejones2482]

Trust me I feel your pain. Imagine how the people feel who lived there whole life here. We live in northern Colorado and we're feeling the hurt. You use to be able to be a blue collar family and be able to go to the park and have a picnic with your family for an affordable rate and still pay your rent. Now not so much. Quality of life has really fallen

[@JesusChrist2000BC]

You let the Californians and New Yorkers take over your state.

[@18michael18schulz18]

Get what you vote for

[@jakejones2482]

@@18michael18schulz18 unless of course you were like me and voted against said things to which your referring.

[@jakejones2482]

@@JesusChrist2000BC trust me once it happens there's no stopping it. There coming for you 2. They move into a place. Take over, change its laws ruin it and move on. All the while somehow so self unaware of the very reason why they moved somewhere that's different from where they came. It starts small and slow. Little things, how people drive in traffic, laws on plastic bags, homelessness, all under some guise of a more enlightened romanticized libertarian scheme. Before you know it. Your priced out, gas is super expensive, can't get plastic bags, your favorite lake or secret mountain view is over run by top not douchebags and women with bad face lifts that remind of the joker driving a 200,000 dollar cars with lap dog mini poodles and selfie sticks blocking your view of the Rockies. Your quite little town isn't so quiet, you no longer no your nieghbors, there's rich kids doing doughnuts in the old local shut down drive in getting renovated by illegal immigrant scab crews building with sub par Chinese materials. Before you know it your thinking of ways to buy tannerite without the fbi tracing you and "Rocky mountain high" comes on while your stuck in traffic because the in and out burger's line had a fist fight and all the kids take there black mirrors out to stop and gock lacking any morale sense or code of chivalry.... You can't stand that fucking john Denver song anymore, it's becoming a mocking epitaph of all you've loved and worked for, searing, burning likes cigarettes in your eyes, you cut off the radio and think how covid didn't take enough lives and you'd wish they'd stop building Starbucks, "another fucking starbucks" you think. Oh they're coming, one Tesla at a time, one weird self unaware prick at a time.., all with Ego's the size of Texas, no these creatures can't be reasoned with or lead to learn a new way, they devour and move devour and move. Like a cancer an infection. A disease. But I digress Y'all have a good night

[@sadvenom7826]

@@18michael18schulz18 unless you were out voted by the transplants.

[@AdrianMontoya370]

I'm so tired of you NOT telling the most important part of this story! Companies like Inspiration Homes who bought >85,000 houses and Progressive Residential with >45,000 killed the housing market for 1st time home buyers. They aren't the only ones. This flooded the rental market. Just a few companies own the lion share of apartments in this city, some like Red Peak bought all of the smaller old family owned buildings in Capital hill etc. They each have near monopolies in there respective neighborhoods. They are literally playing monopoly with our cities and our economy is suffering because of it. The only solution is to put limits on ownership within a single zip code or some other geographic boundary. If that means breaking companies up like they did with the Telephone companies so long ago then so be it.

[@retrocloud760]

Yeah and no one is doing much about it on a higher level it seems. Left to their own devices, much humankind will only think about themselves and screw everyone else--"because they can."

[@susanb326]

Yeah, I was born and raised here. I've been watching the state of CO. Especially Denver, decline. Big real estate, and banks buying every available home, and property. Ripping down all brick livable homes, and replacing them with million dollar cracker boxes. Luxury apartments that most people can't even afford as well. Also, old dirty beat up apartment buildings wanting to get in on the price gouging, so they want more money too! We have to stop focusing on blue & red in politics. We have to look at the individuals record that's running for office. What has he or she done for society? Do they care about the world, and the people, and living creatures in it? Do they just care about their own money, property, and rich people like themselves. Let's pay attention people!!

[@sherryobar5750]

And limit buying in HOAs too.

[@davidjasso178]

@@susanb326 WERE ARE THE POOR DENVER GHETTO PEOPLE MOVING?

[@texaswunderkind]

In Austin prices are going up so fast that builders are finding incidental reasons to back out of contracts on new homes so they can sell to a different buyer at a higher price.

[@mjareacts2731]

I love how the news lady said "just $1600 bucks a month" as if that was reasonable where they were living before.

[@sneksteppy]

You're mad because to some people (like me) $1,600 is not a lot??

[@thefaceofthecentury]

I was a landlord for 10 years. The highest rent increase incurred on my Manhattan property on a yearly lease was 10%. Raising a rent by 56% is just usorious, represents pure greed is seems criminal.

[@katerinesantana6060]

thank you!

[@kimjones2056]

Insurance rates doubled, so did everything else to maintain those homes did also

[@zhaw4821]

Si you would turn money down if you could get it? Honestly????

[@earlgray7003]

You are ignorant of economics. Try understanding inflation. The lowest rates of inflation are in traditional high cost areas where people are leaving. Its increasing where demand is growing.

[@alwaysyouramanda]

Could have sworn there was an amendment to the constitution that mentions buying and owning property 🤔

[@Danny-wd3tq]

It is disgusting to see corporations do this to the whole country!

[@NotfromDetroit]

They have destroyed the housing market!

[@singlefather01]

You guys need to stop forgetting about this outrageous rent increase and keep lobbying the law makers to institute a law to at least keep rent increase yo the maximum of 10%.

[@abarbar06]

Private individual landlords do the same thing

[@gary9933]

Thank you Black Rock and all those Private Equity firms buying everything up.

[@OldskolFan]

Rent increases hurts other business too. People can’t afford to dine in restaurants, they can’t shop as much, or go to the movies. That’s when those businesses will have to close down and raise their prices. Working just to pay rent is no way to enjoy life. We need a revolution/revolt.

[@JungleLarry]

I have two minds about this: First, as a private owner of several apartment complexes and homes in the Denver metro area, the issue is simple supply and demand. A lot of people live here with good paying jobs, even if they don't necessarily have enough saved to buy a house of their own. $100k/year doesn't mean much anymore, and if you can't compete well then you're going to have to commute. I never raise rents on any of my tenants except for modest increases to cover increasing taxes and insurance, but never to "keep up with the market." Good tenants are worth more to me than making a couple extra bucks, but I get why people do it. On the other hand, institutional consolidation of real estate is dangerous. We, as a society, are better off in A LOT of ways if more people own the places they live, and have a vested interest in their neighborhoods/communities. I'm a small government guy, but seeing banks and corporate builders take over is terrifying. Something's got to be done.

[@liokin229]

I think that renters having the image that they're not invested in their communities comes from those people being younger and not having the means or time to show up to community events and public meetings. Kinda hard for me to make the city council meetings when I go to work 8-4, then have classes until 9pm.

[@JungleLarry]

@@liokin229 Owning a property in a neighborhood gives you a different perspective. If you rent, you can leave any time. Real estate ownership is a lot less liquid. It has less to do with going to meetings and more to do with having in interest in where the community is headed over the mid- to long-term.

[@seriejohnson698]

Well, you can’t do it without government regulation. And lots of idiots don’t want big governments. So, don’t pick and choose when you want government to have a hand in things. It is their/companies right to buy and price as they want and that is very unfortunate. Me, I am all for government helping. But, I hate people who scream little government interference, but then wants the government to interfere when it suits them. Desantis the Antichrist is one of those types.

[@womanwithaplan8950]

It’s really sad because people are being priced out and forced to move farther out BUT then, gas prices are getting them as well SMH! This is such sad times we are living in!!!!

[@jonnyfendi2003]

You voted for this shit. Its part of Bidens plan all in the name of "equity"...now deal with it.

[@statusquoreject]

Don't vote for libtards then

[@TheWanDoctor]

Ya man. I'm 31 and my life has just been set back after set back with this shit. At this point I've made peace with the fact I might just never catch up.

[@womanwithaplan8950]

@@TheWanDoctor Don’t ever give up!!! ♥️

[@KingTriton1837]

@@TheWanDoctor I'm 33. I know what you mean. But don't give up, Timothy! Keep your head up and keep your vision ahead of you!

[@KB82nd]

I get jumping the rent by 100 a year, but 900 is ridiculous. I rent out a two bedroom, and I didnt jump the rent because I’m not a POS and I like my tenants.

[@petertheoneandonly9752]

Good for you fr

[@PinkyakaAyannaj]

You are one of the good one's 👍

[@747-pilot]

Not only are you a decent person for that, but you are SMART as well. You *_know_* that a *_good_* tenant is WORTH THEIR WEIGHT IN GOLD!! I’ve been a landlord too, in the past! And just because this situation exists right now, doesn’t mean it will continue forever!! When things TURN AROUND for the worse, you will be really glad you did not try to SCREW your tenants over, like the others are doing!!!

[@midnyte6195]

😃 awesome

[@sszhao11]

You are leaving money on the table then. If you could increase rent by 900 and you only do 100. You essentially give your renter 800/mo. Who else do you give 800/mo.

[@patrickveilleux1984]

The same thing has happened to me in the Twin Cites of Minnesota. I was paying 1,295 for my two bedroom townhome and now paying 1,906.00 per month. The increase happened since 2019 and rents here for most townhomes and houses for rent are 2,000-4,000 per month. In order to make ends meet you need to make over 100,000 per year these days to have anything nice and still have a few bucks in your pocket.

[@jasmiine6936]

As a Colorado Native, rent is insane! The fact that I’m considering moving somewhere else is sad.

[@tylerj7298]

I’m a Colorado native or I guess was. I moved last year to California of all places lol 😆 that tells you something

[@nightmarewolf658]

I too am a native.... I moved out of state just this past January. The Colorado I grew up in is now the Cali-rado I despise!

[@teerich2011]

@@tylerj7298 wow reverse uno card!!! Was rent or real estate less there?

[@tylerj7298]

@@teerich2011 yes by so much. Then Californians we’re moving here and jacked up our prices. You used to be able to get a 1 bedroom for $1,200. Now you can’t even find a studio for that

[@fnamelname7296]

It’s interesting that couple of years of competitive market and the landlords and property managers are acting smug!! I live in the SF Bay Area and own a couple of rentals in the Silicon Valley. For the last 2 decades whenever there was a vacancy, I used to get 150 applications in 48 hours! Except for those couple of years of Great Recession. Pre pandemic I used to get 3200 for my rental condo near the Apple campus (well there is also NVIDIA, Intel, EBay, Agilent, Cisco, Broadcom and few dozen smaller tech companies). Post pandemic many people left the Bay Area and went to Austin, Atlanta, Denver and many other cities across the nation because of remote work. I recently rented my condo for $2600 to an Intel employee who had moved back from Austin to Bay Area because his rent was pretty much the same! I am actually liking the Bay Area again… I hope the trend continues and more people move out. My sons might just have an opportunity to live in the place they were born and raised!!🤞

[@MrBaskins2010]

that property manager you interviewed was surprisingly honest about the situation at end. the rich get richer and the poor get poorer

[@thebastardgift]

But in the case of real estate when the poor become poorer odds are they will remain that way.

[@jimbo43ohara51]

The problem seems to be more about inflation. Inflation means increased interest rates. Hence, landlords have no option but to put up the rent.

[@microtimconstruct5386]

Capitalism is so great that you need 2 - 3 room mates to afford a roof over your head, anyone still defending capitalism, tell me, how is this better than communism where u can afford a house, or rent ?! who is capitalism rly benefitting in the end ?!

[@leonardodalongisland]

Everything that so called "real estate agent" told that couple is completely illegal. Furthermore, just because there's limited supply does not mean you (the owners) have the right or even, need to "price gouge." These landlords are scumbags.

[@Deusstyles]

If my costs for somewhere has gone up 50% to maintain the place your living in I for sure have the right to raise the rent, it's not price gouging it's market demand,

[@thelostcosmonaut5555]

@@Deusstyles what about it skyrockets by 50 percent? This is greedy and shady. The fact that mega companies can outbid families by hundreds of thousands of dollars is causing this mess. Wait until you have nothing but homeless families who can't afford your "luxury" apartments and then you won't have anyone to suck money from causing you to wind up on the streets too.

[@Deusstyles]

@@thelostcosmonaut5555 Yeah I know good thing we have democrats in office to fuck us over even more on taxes. There should be a law that no one can make laws unless they also know how to farm.

[@Finians_Mancave]

@@Deusstyles Sad but true. People keep denouncing the unfairness of it all, but if there's that much demand, that is what will drive the market, period.

[@brieb4317]

The irony of leaving England only to be ruled by lords still.

[@PinkyakaAyannaj]

Good one.

[@S3aCa1mRa1n]

But rent is expensive in all of the western world tho!? Lmao

[@brieb4317]

@@S3aCa1mRa1n but you missed the point

[@Gigilovehugs]

I got it LandLords good point

[@crand20033]

@@Gigilovehugs Landlords are the rulers of the roost.

[@JonAnderhub]

No inventory? THAT'S A LIE!!! There are new apartment complexes going up in every neighborhood in Denver. This is just greed mostly by corporations that are snapping up properties left and right.

[@Belmaktor]

There is new inventory coming but not enough to match demand. Equations have two sides.

[@lordhumongus8669]

Yup Complete Liars there is plenty of inventory none of these Cockroaches will rent out except for ridiculous overpriced reasons.

[@youtubesucks1499]

@@Belmaktor I know right.

[@JonAnderhub]

@@Belmaktor I can find more than 10 vacant apartments tomorrow. If the demand was so high I wouldn't be able to find any apartments. People are moving out of Denver faster than they are moving in. 9 news already did a story on how "investors" are buying up houses just to tear them down and turn the properties into "developments" It's just greed!

[@sm3675]

And there needs to be even more Condo complexes.

[@fredakurzbard4962]

I'm from nj and NYC. My rent was $1350 a month and my landlord wanted to raise it $100. She never did any repairs and I was never late on my rent. I lived there for 5 years and was never late paying it. Except for one time and she had me evicted for being 5 days late. I left with the clothes on my back and moved to Pueblo Colorado. My rent is $625 a month and thank my lucky stars that I found it. And I'm 68 and disabled and on SSI. At least I'm not homeless. Thank God. May God bless the people and watch over them who don't have a place to live. This is a very hard time for us all

[@cololover07]

I lived in Denver from 1996 until March 2022. Rental rates have been steadily increasing for the past 6 1/2 years. Working people used to be able to make a life for themselves in Downtown Denver but, there is just no feasible way to do that anymore sadly. State and local government refuses to address the rising crime rate in the city and the police want to act as if they cannot do anything. It is a shame because, Denver used to be great however, now the rich have more and working people can afford less.

[@teerich2011]

Did you move because of increased housing costs?

[@cololover07]

@@teerich2011 Yes. Housing costs and also the crime rate.

[@alexib1984]

Same exact scenario in Charlotte

[@naudianeels1328]

Same in the Tampa bay area..😞

[@Yandel21ableify]

Guys the midwest is still cheap

[@ladyyvette1339]

I agree with him, The richer get richer and the poor get poorer, Middle class don't exist no more.

[@everythingisfine9988]

3rd world America

[@asterisk911]

There are a lot of historical societies over the past 500 years where there's basically a 1-2% "rich", about 10% middle class, and 85-90% various levels of poor/ struggling. And that 85-90% definitely considers the middle class to be rich. I say that only to say: there's no theoretical reason that can't be the USA, too. The post-1945 mass middle class is not a law of nature.

[@ayana4311]

This happened during the stock market crash before WW1 or 2 I am not sure what one. Last time they did a quick fix. we can't keep going down this path it's insanity if they are doing the same as back then and thinking it would be different.

[@singlefather01]

The problem is that the rich in this country doesn’t know when to say enough.

[@Yandel21ableify]

America has become a country of Haves and Haves not.

[@84tanooki]

What's the property tax for the homes owner?

[@PinkyakaAyannaj]

I cannot shout out my landlord by name but I thank this man everyday. He allows me to rent a two bedroom duplex in Englewood Colorado for $1,300. I have a front yard. I have a backyard with a gate. Two parking spaces of my own. Just WOW 🥰 I may not have air conditioning or a dishwasher, but my home is beautiful. I know that my landlord keeps his rent where it is because he has a beautiful heart. I wish other landowners had a similar heart 💙🤍🙏🏽 Watching this lets me know how blessed I am to have found this man. When I moved in here I was homeless for two and a half years after my family stole my inheritance from my mother. I found myself on 16th and California with a suitcase and nowhere to go. No resources to speak of. The year was 2019. Long story short, I kept working. Even through the pandemic. And I found this wonderful man who has rented me my duplex for the last year and 7 months.🥰 If the government . ....I'm talking Federal, does not set guidelines for affordable housing our homeless population will only get worse.

[@RE-bg9ds]

That's what they want. Now they are doing it so fast that you are noticing . These people are sick

[@RealChrisHatch]

that’s not extracting good value from an asset - your gain his loss - despicable

[@teerich2011]

Still high. I looked at $1000 2 bedroom in Colorado Springs and that's still high

[@PinkyakaAyannaj]

@@teerich2011 I don't think so. I'm in Englewood

[@jeffl8915]

@@PinkyakaAyannaj same here my landlord is the same. He's a friggin hero in these trying times. I'm paying a little under what you are for a 2 bed. We got 3 kids and this is the only way we can live. I've lived in Denver my whole life and this is beyond ridiculous what's happening. I can't wait to see the negative impacts effect the city's reputation.. it needs to be destroyed because this is killing innocent people

[@mtnbikr107]

The American dream... now available to the highest bidder.

[@kendallrhodes]

Capitalism at its best.

[@fletchermoore5428]

@@kendallrhodes You got a better solution?

[@jvane28]

💯

[@stefaniebrocker8084]

Tax the rich, regulation on predatory behavior, living wage requirements on businesses

[@MD-rm8st]

Chinese (non American citizens) sitting in China are buying!

[@mantid83]

Imagine making enough money to afford $3080 for rent and all you can get is a studio for that amount lol.

[@carolbenson6524]

So sad for people that need to find a place to rent. Young people just cant get ahead. No wonder there are so many homeless people out there.

[@singlefather01]

The rent increase really has nothing to do with homeless. The homeless is the result of mental health, drug abuse and joblessness.

[@cde9952]

Are you an idiot? You think there is no correlation between housing costs and being homeless. Lmfao. It isn’t the only factor but you cannot deny it is a factor….

[@stefnotfound]

@@singlefather01 false. Rent has alot to do with homelessness! 1.4 million renter households reported being “very likely” to be evicted within the next two months. This has remained relatively unchanged since 2021 despite the relief programs available. Inflation can also increase homelessness by putting upward pressure on rents as landlords face higher maintenance and carrying costs for their properties. There are statistics of this out there!

[@shyabell2485]

@@singlefather01 it has a lot to do with homeless. There's people who can't afford rent and now have to live in their cars or hotels🤦🏾‍♀️

[@bridgettewood1713]

@@stefnotfound you have not a CLUE of what you're talking about!!!😒

[@carolynb.9469]

Denver was so great, 2019 and earlier. Now, it's overpriced, getting more dangerous, and not worth living in anymore. Breaks my heart

[@MimiBlackbird]

Imagine how it is for a Denver native like me. I can’t do anything I thought I’d do as an adult bc it’s too expensive but my whole family is here my whole support system and I can’t leave.

[@quiet451]

2019? Go back 15 years to see when it was really actually reasonable.

[@LemursManLemurs1]

@@MimiBlackbird If your family's support is conditional on you staying in Denver.... they are far from supportive. It's called financial manipulation. Giving you just enough help to get by, but not enough to invest in your future or to move somewhere with better education and job opportunities. Take the areas surrounding las vegas for instance. Housing in Henderson is far cheaper, so is education. And you can make way more money in the service and related industries there than you can in Denver. Same is true with Naples Florida. There are a lot of places with cheaper housing than Denver and with better money making opportunities if you're willing to hustle. I don't know anything about your family, but if their support is conditional on you living nearby; that isn't very supportive. It's selfish. A lot of parents don't realize they will one day need care. And if they don't help set their children up for success and a solid future... Then when they are aging and need care their children won't be able to provide much as they will still be struggling just to make ends meet.

[@carolynstewart8465]

That'd what we said in 1970, 1980,1990,2000,etc etc etc

[@michaelchilds4773]

😞

[@BeverlyTalley]

Landlords charge as much as they can, and employers pay as little as they can. What do you expect? Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest…

[@Florencecoxx]

I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks.

[@izagdlife]

I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more

[@BeverlyTalley]

@@izagdlife That won't bother you if you trade with a professional like *Sarah Alma Martinez* my consultant. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. I basically follow her trade pattern and haven’t regretted doing so..

[@izagdlife]

@@BeverlyTalley You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe..?

[@thamad311]

@debbie765 This is the Fourth time I'm seeing someone talking about Sarah Alma as there are lot of testimonies about her, do you know her ? if yes , did you invest with her.?

[@Whocares1976]

I love how they keep saying that if someone is willing to pay the $2,600 than nothing will correct itself. Give me a break if the going rate is $2,600, what can you do about that. It’s either sign a lease that you know you can’t afford or live in your car. I hate this free market bs. It’s the free market when it comes to greed, but when workers demand more wages , suddenly you have everyone and their mom saying that the employers can’t handle these kinds of increases and something must be done to stop these high wage demands.

[@MrJinley]

@@frenchonion4595 but the thing is wages for the working class have not increased in tandem with inflation significantly since the 80s. This idea that the increase of wages would cause the market to skyrocket is nothing short of neoliberal propaganda.

[@ch0wned]

@@geocam2 Gimme your money, comrade. I need it.

[@flexyourstyle9136]

@@ch0wned shut up dum*ass. He's talking in your favor. You don't know what it's like for poor people. You should thank God every day that stupid sheltered and privileged people like you don't have to face what poor people go through

[@winter_s_44]

They are saying that those who do make enough to afford that (or more) and are willing to, what incentive is there for landlords to stop asking for that amount? If those who could afford would maybe purchase instead of renting, then landlords would not be charging this much for rentals. Sure, everyone has their reasons for wanting to rent over purchase, but if you are able to spend $2600/$3000 or more a month, why saturate they rental market and take away the only housing options for those for whom purchase is not an option?

[@khanhcao3123]

@@geocam2 You are correct. Capitalism is exploitation. The system want cheap labor for expensive product.

[@benkeyser9812]

As someone renting in Denver, shit’s rough

[@aJones-hv5ny]

Take a laxative

[@benkeyser9812]

@@aJones-hv5ny agreed

[@haley2684]

Agreed

[@rvena.3945]

WE SHOULD ALL LIVE IN THE STREETS....WE THE PEOPLE SHOULD TAKE CONTROL.

[@rachelgilbert3164]

Thank you for covering this story.... I don't know how people are keeping up with these housing price increases

[@Shattisbaddis]

I just wonder where people get all this money from to buy gas, groceries, bay bills and pay 2500-3000$ rent....

[@jayhernandez4197]

I can see the greediness come into play when the rent increased 56%. It’s like geees hell. I understand it’s a free market and the government can only do so much, we will always have greedy in this world. I am a landlord myself and I have never abused my tenants in the aspect of rent increase. Here’s a question for the audience here: why does someone need a salary of 150k or more? You must have a super high expensive lifestyle. Then there’s the other side of the coin where CERTAIN tenants will abuse if the opportunity arises. So what is there to do?

[@mandible5775]

How about the native Coloradans who are being shoved out their state by greedy landlords and obnoxious transplants? I hate what has been done to my home state.

[@ayana4311]

I agree and the worst part is we are allowing it as we have yet to start a petition to change laws maybe with an income limit for rent in search and areas and qualifications for those rentals. We're not talking to our congressman or our mayor as a community. We're not peacefully protesting our rights. How can we keep letting it go down this path?

[@truther001]

@@ayana4311 Regular folks can't buy off the politicians, that's why.

[@ayana4311]

Who said I had to buy them lol 😂. I am not a black and white thinker who does not know my rights as a American citizen nor one that only sees the lack of opportunities right before us. Trust me where there's will there will always be a way.

[@WilburthePiggy666]

Most often there are only two choices: to shrink or to grow. Living/owning in a shrinking community/economy is never a good option. Colorado is a beautiful state with diverse economy and good weather relative to most states. It was bound to happen....Don't forget to the blame on wall street corporations buying up homes

[@moomamoo8511]

I was shoved out by the rent prices 5 years ago! And now the prices in the surrounding states are unaffordable, too.

[@margaretames6522]

I moved to Colorado in 1981 originally. I moved around in the past few years and returned because Colorado was my second home (I grew up in NYC). I left last fall because I’m at retirement age and couldn’t be sure I’d be able to keep up with the rising cost of real estate.

[@finnmccool22]

Same here. I'm headed out soon for better pastures.

[@whooptydoo6256]

im a native and I blame marijuana. it ruined this state. its soo crowded and everyone is stoned . very stupidly stoned.

[@theflyer68]

@@whooptydoo6256 wish we waited for federal legalization. Wish I could take back my vote, was hoping voting would take out the lazy scumbag dealers.

[@msmisonlyrealnews3670]

@@whooptydoo6256 it’s definitely not marijuana that’s causing house prices to go up. You must be stoned yourself

[@tylerj7298]

That’s what my mom did. She just retired last year and she came to Colorado in 1974, and she had to move to California in order to afford retiring.

[@jasonking6892]

Expat who left the US ..couldn't be happier Now I live in Romania 🇷🇴 Rent $400 nice old building. Food excellent people friendly budget $1400 a month and most important SAFE

[@djeanpierre]

My question is this: who is paying these $2,500+ rents for STUDIOS? How are people (particularly young people) able to afford that???

[@ThecrazyJH96]

A steady remote or local tech job? Then Buy an older used car if you need it

[@lordhumongus8669]

Nobody is only Sucker's.

[@sageenterprises4298]

you work overtime

[@maryholloway5487]

RICH PARENTS!

[@eomyenom1]

Only Fans selling feet pictures

[@roachtoasties]

It's the same story in a lot of cities. Moving out of Denver, or whatever city you want to live in with a similar issue, is not a solution. You'll just hit the same problem elsewhere.

[@margaretames6522]

Actually, no. There are other cities that are far more affordable, just not where you’d usually think of looking.

[@napoleonbonaparte7204]

@@margaretames6522 True... Get the hell out of this over price cities simple.....My mortgage is 700 per month plus taxes for a 3/2... But yeah my small city is not a cool city like Denver but hey I can visit those places and go back to my take it easy kind of city any time baby.....

[@msmisonlyrealnews3670]

@@margaretames6522 Cleveland!

[@rivkaclifford427]

@@margaretames6522 yes, often terrible weather in such places

[@rivkaclifford427]

@@msmisonlyrealnews3670 tried that years ago. Nope.

[@Thepharcyde4ever]

Me and my fiancee both work 2 full time jobs. The American dream is just that, a dream.

[@zippie6]

There is no way my elderly tenant can make enough money working part time jobs to pay all the rent we agreed on. But, having a stress free tenant with all the "bad tenants" out there,,, and we don't really need the money as with our social security, and our part time jobs, and what little she can pay us, is fine by us.. She has no place she can go if we kick her out, and landlords must consider that . Greed is terrible when the landlord only wants to make more profit above his costs.

[@julieknox1682]

Nice people, you are! My landlord (I'm in Indianapolis) owns the house outright. They inherited it-no mortgage. Been in this 2-bed duplex for 10 years, and know i need a "plan B" but also don't know how I would move. I'm in a very sought after area in Indy, in a house where I have a fence for my dog, a nice screened porch, a huge dry clean basement, and a garage. House has Pella windows, is all brick, they-pay the water bill, my utilities are low. I pay $750/month. Other 1-bed duplexes in my neighborhood-and all over Indy-rent for at least $1100/month, even in bad/worse areas. I feel lucky for now, but this nationwide housing crisis scares me!

[@robertdonnell8114]

My experience in Denver was that with $7,000 cash in pocket I could not find anything to rent except the $2000+ per month for a 1 bedroom. I too moved North last year's fire in Bolder removed 1000 homes and apartments from the market, I can not imagine how it is in that area now.

[@petertheoneandonly9752]

Boulder*

[@coolbreeze7416]

@@petertheoneandonly9752 I think we got what Mr. Donnell was intending to say. Geez smh

[@petertheoneandonly9752]

@@coolbreeze7416 Breeze*

[@coolbreeze7416]

@@petertheoneandonly9752 then I would be way too cool 😎. gottahavesomelimits

[@tywade9558]

I think you mean the Marshall Fire. And no fucking way that area was affordable before the fire.

[@jennymcdonough2095]

At some point only people with resources will have a roof over their heads. It won't matter how hard you work, a basic roof will be out of reach.

[@KylerTony45]

All these real estate agents and brokers all smile with a grin on their face when they say people are priced out so they can make more money. Honestly I hope the real estate market crashes and burns so their they’d stop smiling. We will see what happens.

[@sm3675]

Don't blame the players, blame the game. Denver has strict zoning policies and building more unites is very difficult. All American cities should loosen their zoning requirements and lower their developer fees. More homes= lower prices.

[@KylerTony45]

@@sm3675 People are cutting their prices as we speak. The housing market will crash as rates go up and more and more people default on their homes. I ain’t a hater but the players are assholes who deserve everything that’s coming to them. I don’t have to hate for karma to get them. I’m quite a happy fellow here.

[@rustinpierce7269]

Actually a crash makes it worse people will lose their houses then there will be more renters driving up the price of rent.

[@KylerTony45]

@@rustinpierce7269 Not if people are selling it for cheap just to get out of their housing loans they can’t pay.

[@هذاأنا-ذ3ث]

Why is there this much demand? The population didn't just double. So how are this many more people wanting to rent and buy? The only explanation I can think of is corporations/rich are buying homes and keeping them vacant.

[@catherinemartinez5542]

There are 2 houses in my neighborhood that have been for rent for awhile now. They want almost $3,000/month!! That's more than double our mortgage payment. Then a house that was bought last yr that has just been sitting there. I don't even think they can afford the cost to flip it.

[@NI-gy2ml]

I'm sure there's also plenty of foreign players buying up all the property all over the country.

[@bogdan78pop]

@@catherinemartinez5542 Morthgage is nothing...my mortgage is 1100$....property taxes, insurance and utilities are 1850 $........so mortgage is nothing...!!!!

[@traceytheisen8067]

For the past year 200,000 people a month....a month....have been crossing the border. Month after month.

[@bogdan78pop]

@@traceytheisen8067 And most were sent back....what's your point...???????

[@Sagan_Blandard20XX]

I'm an emergency dispatcher. I work at least 55 hours a week, and normally around 60. I get a VA Loan because I'm a veteran. It's impossible for me to find an affordable home. I just keep waiting for the bubble to burst or for wages to increase, but I'm starting to think it's never going to happen. You'd figure the city would want a family like mine to live here. We are looking to move out of the state. No one is helping the families they claim to support in Denver.

[@AG-6969]

Don't move to Washington state. It is horrible here. Even in the most rural of areas they think they deserve NYC rent prices.

[@ericjohnson710]

Come to North Platte, NE. It's a wholesome family town. I'm sure you could do dispatches here, and it's probably an easier job (less crime.)

[@strafer8764]

People rushed to live there and now I think a lot of them are gonna head back to the Midwest or east coast.

[@dmb3428]

the small mountain towns are having a hard time finding employees to work in the shops and restaurants because none of the workers can afford to live in the town , they have to commute and with high gas prices some are saying it's not worth it for the pay

[@potbellyfatguyfromnewyorkcity]

live in a van. save $$

[@gamertime2601]

I'm 20, lived here my whole life, and can't pay rent here. It's too much. I'm just starting out life and I can't even really do it without paying an arm and a leg for a studio. The fact I'm pretty much being forced out of my home state hurts immensely

[@Mr_Banker222]

Welcome to the real world.

[@bukboefidun9096]

It happens. The state has California politics and California cost of living.

[@elainewilliams362]

Well she just stated young people are rented at a high rate. Where they can't keep up with the demand for rentals for young people. I know it is all bullshit just by your statement.

[@michelelee9824]

I seriously feel bad for you younger generations that want to strike out on your own. I know how hard I had to work for my independence living the single life by myself in Colorado and the daily sacrifice it took, but if I was just starting out today like you, I am not sure even working 3 jobs would even cover all my expenses doing it alone all over again.

[@bukboefidun9096]

@@michelelee9824 I agree. I could do it at 25 ... and did, had cash to live a year without working in Nevada. I saved it myself over 3 years of working after college.. got a great job in Nevada and lived everywhere I wanted to in the country without financial concerns... simply not possible nowadays

[@conspiracyfifteensixteenth5756]

Native here. It's becoming exactly like California.. and these transplants and the weed bullshit destroyed everything. They charge to go see hanging lake reservations are needed to go visit certain trails..

[@mlb6d9]

Native here also. Hanging Lake used to be easy to go see and it's beauty respected, but then the out of state pot-smoking hordes arrived and trashed it, along with other sites in Colorado. So as far as I'm concerned, bring on the fees and reservations.

[@michaelmyers2108]

I agree the legalizing of weed totally fukt up everything

[@marietaylor5174]

This is outrageous; what do they expect people to do?

[@jay851038]

Landlord here! I generally do not raise rents on my tenants if they are good, pay on time, keep my place clean and rarely bothers me.

[@JellyFilled4Justice]

I'm looking for a studio or 1 bedroom got anything available?

[@jay851038]

@@JellyFilled4Justice Sorry all my rentals are currently filled. Good luck on your search!

[@jay851038]

@@geocam2 Don't get me wrong, I love making money more than anyone I know. But sometime doing the right thing and being ethical are more important than just making money. A lot of people are struggling to put a roof over their head and living paycheck to paycheck. I want to be a solution to a problem not a source of the problem.

[@muhammad-bin-american]

Smart man.

[@SGTSpliffer]

I have 5 houses available in Arizona, but; renters are not worth the hassle. I rented out a 2 bedroom for $400 a month and still they weren't happy. FFS

[@monicageistwhite779]

I'm a landlord in Aurora. I have had the same tenants for 5 years who are wonderful renters. I've only raised rent $100 in that time for a 2400 sf townhouse. I am probably $500 under market. However, my property taxes have almost doubled and my hoa has gone up over $100 so I'm going to have to raise the rent some anyway. We're not all greedy but I've been going backwards.

[@msmisonlyrealnews3670]

And your property taxes are still low, based on the value of your property, compared to your neighbors in Nebraska and Kansas.

[@monicageistwhite779]

@@msmisonlyrealnews3670 I used to live in Nebraska years ago. I do remember them being high then.

[@dcal1452]

I've tried to tell many people how property taxes are just a way for the people to never really own their own homes. It's jarring how many of them are ok with it though.

[@rickj1983]

@@msmisonlyrealnews3670 Not all state tax property tax rates are the same, keep that in mind.

[@roboflex3162]

Maybe you could just take an actual L once in a while? Like the people in the video said, you're just putting all the inflation onto someone who is worse off than you.

[@liberalfundamentalist8667]

I pay almost 1500 for a crappy apartment. I can't afford it. Wages aren't keeping up. Its more expensive here than in Las Vegas.. ITs not sustainable.

[@oltedders]

40% rent increase in one month. Fixed income. 11 years and I'm out now.

[@NoNameNumberTwo]

“The love of money is the root of all evil.”

[@katnicsta]

Price gouging. The people in charge should do something. Please!

[@crand20033]

You don't have to look at just Denver. This is going on everywhere. I live in Durham NC and the same is happening here too.

[@JBoy340a]

All of Research Triangle is expensive.

[@crand20033]

@@JBoy340a It's gone way up and it's gonna become like the California cities where the low income can't live here. I am so glad I ain't out there looking for a place nowadays.

[@cmc5394oparva]

Anywhere the tech industry implants itself, the cost of living inevitably goes through the roof. Too much money chasing after too few goods.

[@crand20033]

@@JBoy340a Those Silicon valley residents have to move out of state. It's too expensive there. RTP is less expensive.

[@33nlg]

Agreed if you didn’t buy a home before Covid -you are screwed.

[@muhammad8970]

It will be rough for the younger generation. They may need 15 roommates just to pay the rent.

[@sketchimation_shorts]

This is why I traded in my beloved car for a van. Try to threaten me with rent hikes, and I'll move into my van. Not everyone can do this, I know. But this is why I've made choices for years to prevent this system from backing me into a corner. No kids. No pets. No earthly attachments. I've got nothing they can take. TRY ME.

[@pugluvnapril79]

I make a great wage as a federal employee, but I still can’t afford to live here in the Denver Metro area. I’m currently looking for a job outside of Colorado because it’s become so unaffordable here.

[@mariesway8293]

Born and raised in Denver. You have to dang near prost. And drug deal these days. Hate it here

[@Lunchladydoyle]

I’m blessed to live in Portland, Maine we forced through a rent control ordinance after out of state developers spent 6.1 million on ads trying to stop it. My rent is $1,100 for a one bedroom including heat. Our landlord can only raise the rent 8% a year and has to justify the increase to a rent control board. Even paying $1,100 by myself is killing me. I don’t know how families with kids are managing to survive. There will be Hobo Cities in every town by 2024 just like when Hoover was President. Already dealing with tent encampments in our local park where there have been multiple stabbings and overdoses. People who are not mentally tough are not making it anymore.

[@36cowboysintotalatramranch]

The rent control causes more homeless because it disincentivizes new construction. The institutional money was right. The answer isn't rent control. It's building more housing.

[@thom7463]

Hey I’m in Portland Maine and from Denver. What a charming city with great access to some beautiful outdoors (including surf)! I’d consider Maine as a place to live. The cost of apartments for sale though is egregious.

[@jeanettewilson3195]

And those of us who are disabled are just straight fucked out of our places to live.

[@lordhumongus8669]

Tent City USA for us.

[@Rain_Reign]

Goddamn. My husband and I thought it was bad before we moved away in 2018. I’m glad we got out when we did. Isn’t there a rental increase cap? E.g., in Oregon landlords can’t go over a 7% increase plus inflation per year.

[@whooptydoo6256]

so go to Oregon. if that's your model of success . that place is as bad as California. dont bring your shit here, that you fled from.

[@kerrynight3271]

@OPTION MILLIONAIRE The gains were for homeowners like you and me. She doesn't sound like a homeowner.

[@Rain_Reign]

@@kerrynight3271 you’re correct. We move a lot for work so it doesn’t make sense for us to buy.

[@age_of_reason]

Housing shortage is a crock of $#!t! Money printing is the reason for inflation. Ya think.

[@Jen-n]

Absolutely horrific and greedy! Just because inventory is low these people in housing management do not need to gouge the livelihoods of others! Laws need to be put in place to stop this! Disgusting

[@dcrcort]

this ought to be illegal. Congress should pass legislation to prevent corporations from doing this.

[@vivverz3810]

I left Denver several years ago, my rent was raised $1000. 00 and my pay hadn't changed in 5 years, and I simply could not afford to live in a city that I called home for almost 25 years, I built a life there and then without notice, it was all gone and of course my job didn't care when I asked for a raise, I was politely told "NO". I live in another state and I'm about to purchase my first home and my pay has increased by $12.00 more per hour. I hear my friends that still live in Denver and how they struggle to keep a roof over their head. I have several friends that are Colorado natives, who are now moving to another state for a better opportunity.

[@kafkaskitchen]

And guess what, now yall are fucking up other states economy and pushing those natives out of their homes. Yall got the state you deserved and then moved to mess with another

[@vivverz3810]

@Truth Teller Though it's really none of your business, we had a freeze on our raises.

[@ManSeekingChrist]

@Truth Teller Some people are trustworthy and loyal

[@hacatan24]

Moving to another state for better opportunity isn't goin to last long.. once the landlord sees they can charge more they will be screwed...

[@hidesbehindpseudonym1920]

@Truth Teller it's her employer's fault. Are you going to ask that same question to everybody who mentions their pay not changing?. There aren't enough high paying jobs to go around. Not even for 30% of the population let alone a majority.

[@thomtorrez7618]

You need to make at least 70 thousand a year to afford a three bedroom apt in a class A property . Denver sucks .

[@yasmidelacroix1613]

This is ridiculous!!! Why isn't this illegal?? Our pay should definitely match the cost of living.

[@livingindenvercol]

Actually, what they said in the beginning is potentially illegal. The whole, "here's $2500 thing" is called cash for keys. It's not legal. But they didn't go into enough detail to describe it. And the reason it might be illegal is due to the owner being a real estate agent.

[@clarkm8840]

Its greed, period.

[@r44bb98]

It's increased property taxes, insurance, repair costs, water, gas. You're just uneducated or slow.

[@edenelizabeth.1]

yep, I've been priced out of two buildings in the short time I've lived here. It's truly not okay. Something needs to be done.

[@myrinam]

We love the rich corporate orgs buying out land keeping wages low and raising housing prices

[@JTDyer21]

If it's all about supply and demand then why are carpenters not offered $100,000 a year to build a house? Seems if there's such a huge demand and low supply like they say then construction workers would be offered six figured salaries. So what's the deal? There's always a demand for toilet paper just like housing but do you see toliet paper triple in price just because there's "high demand"? No. Besides that the sale of cars and trucks have been plagued with low supply due to the chip shortage but do you see cars and trucks triple in price? No. So that tells you there's more to this price gouging than "supply and demand".

[@bukboefidun9096]

They aren't offered $100k, they, in fact, make $150k and up

[@JTDyer21]

@@bukboefidun9096, what you mean? I've never heard carpenters make that kind of money. What employers pay that?

[@bukboefidun9096]

@@JTDyer21 good carpenters earn 50 to 60/hr working independent. The more they work the more they make

[@hidesbehindpseudonym1920]

@@bukboefidun9096 but how many of them that start out in the apprenticeship ever get to the point where they're considered a good carpenter?

[@bukboefidun9096]

@@hidesbehindpseudonym1920 most who apprentice have the aptitude for carpentry, if they have drive and work ethic they can do extremely well. Percentage? No idea.

[@ObamAmerican48]

The cost of housing in the Denver metro area is ridiculous.

[@kerrynight3271]

The cost of housing is ridiculous in every city where people actually want to live.

[@jazzyj6640]

Completely disgusting. Rent and prices go up but PAY DOESN'T. Who are they appealing too?

[@user-bk8ll6ro2k]

The problem specifically with Denver is that . . . It’s not quite gentrification . . . I mean, it is, of course. Though it’s a gentrified philosophy whether if the tenants are aspiring to this “Shangri La” Denver lifestyle versus the reality that Denver was just the largest metro area in the Rockies, or, this almost decade long trend where developers EXPECT tenants to live that lifestyle, like for instance suggesting Cherry Creek North for Millennials to live is absurd, and this is coming from a third generation Denver Millennial. Please.

[@JeffreyOakarPhotos]

Why doesn't the state help people with some sort of rent control? Place caps on how much rent can be raised when the lease is up. It isn't brain surgery. Protect the tenants who have paid their rent on time and who have been considerate of the property. It's a fair exchange.

[@msmisonlyrealnews3670]

Obviously you’re speaking from a tenants viewpoint rather than the landlords. The landlord has invested a lot of money into the property, and is another comment pointed out, property taxes go up, maintenance expenses all go up and then you want rent control… Can reminds me of the idiot idea during Covid that renters wouldn’t have to pay, meanwhile landlords still had to pay the mortgage

[@bogdan78pop]

Dude.........When the lease is up, i will not renew it with the same tenant....I will put it back on the market at the market price..!!

[@traceytheisen8067]

Do more research on rent control - rent control often makes the situation worse.

[@JeffreyOakarPhotos]

@@msmisonlyrealnews3670 I think we can meet in the middle. Do you think it's fair to raise rents 60%? No, it isn't. The problem is greed. I'm not talking about you, but a lot of people are taking advantage of this financial crisis to gouge the consumer and you know that is true. And that "Idiot" idea? It kept hundreds if not thousands housed during the pandemic. Sorry you can only think about yourself.

[@JeffreyOakarPhotos]

@@bogdan78pop Go for it. I have some advice for you though...before losing the current tenant, consider their record on paying their rent on time, being good neighbors, being responsible and respectful tenants. These are hard to find and, while you might make money in the short run, you might end up paying for it later on. Dude.

[@acajudi100]

I just moved to Queretaro,Mexico at 79, since USA is too deadly and expensive. If you are on a pension, or can work online, get out of the USA. Open Charles Schwab debit cards to avoid ATM fees etc. Visit Mexican consulate in your town and provide financial requirement to get a Temp Visa or Humanitarian Visa. Your money goes farther here and no shortage on food preps. La Comer is a great supermarket for online shopping and home delivery, My living costs were reduced 60% and all utilities included, furnished and a maid with beautiful views of the safe and clean city.

[@s.j.5850]

It's unbelievable how these owners can charge whatever they want & not expect long term consequences. When you disrupt so many lives so that the rich can get richer while the tenants get poorer says a lot about these money-hungry individuals. There should be a limit on what you can charge year to year if you are already in the apartment. At least you give some people a safety net going forward. In that mix you will find nurses, police officers, EMT workers, bus drivers, care-takers, delivery persons, restaurant workers, grocery clerks, child-care workers, and so many others that are not making what they should for the work they do. During the pandemic they were considered essential workers - what are they considered now?!! Consider the consequences when the rich get a lot more richer & the poor (and/or working class) get poorer.

[@dennispatterson4998]

We have been in the property providing sector for over 30 years- Good business reality knows that most tenants have fragile incomes. I would never dream of raising rents more than 3 or 4 % a year on my complex and I only do that to keep current on rising costs.

[@henryclinton9317]

You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.

[@dorissteve912]

The wealth you pass to the next generation can have a profound impact on your heirs, providing educational opportunities, the capital to start a business, or financial support to your grandchildren.

[@henryclinton9317]

To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.

[@jessicamamikina7648]

can you endorse any ?

[@henryclinton9317]

TERESA JENSEN WHITE does a perfect job. look her up on the web

[@jessicamamikina7648]

thanks for the info . Found her website and it impressive

[@johnlee270]

Housing should be regulated and banning any investment company purchase property to protect common worker!

[@2BOLD4U]

"Kelly rented the townhouse to someone who paid nearly a month before moving in." So, the people paid rent and they weren't living there? Did I understand that correctly?

[@JBoy340a]

Yes. Just to lock it in. The landlord was not going to hold it and collect no rent for a month when they had others with cash in hand.

[@yvetteshokere7818]

God is not please. American is soon to fall!

[@ljay2823]

Yes. My neighbors sold their home to Invitational Homes Rental Corp. It went on the market for rent April 1st. It rented that day but the family renting it won't move in until July due to when school lets out in the state they currently live plus moving time. They have been paying the rent since April 2 in order to HAVE a place to move into as rentals go almost immediately (homes last 24 hours if that). Very common as people relocate.

[@jbar_85]

This is nation wide. It’s crazy.

[@judy.mckillip]

I want to know who and why anyone would go after mobile home buyers and are down trying to eliminate mobile home courts. Why would you do this to people?

[@vanessahotlosz4009]

The “Instagram” perspective of this interview feels very condescending…

[@SkyHeaven9]

It's all bull 💩 , they keep raising rents when they know people renting . People need to rents because they need shelter, not demand and supply in commodities totally different. Real estate and rental practicing wrong concept of business that ruin many life.

[@farencalix8548]

It’s weird because I’m a leasing agent in Thornton and I learned today that when our apartments sit vacant for longer, we drop the rates lower, but since people are renting as fast as they can at the current base rent which will go up at renewal regardless… the prices keep increasing. If you move-in, in the winter season those are the lowest rates… but if apartments sit vacant for long periods of time, concessions are offered and price drops in general… 🤷🏼‍♀️

[@youtubesucks1499]

Supply and demand

[@SkyHeaven9]

@@youtubesucks1499 essentially shelter is not a supply and demand. Greed taking over .

[@karina-zq6zs91kskll]

They raised the wages and everything went sky rocketed!!! 1 bedroom 1800 2 bedroom 2900 3 bedroom 3900 so ridiculous!!!

[@Dailyfiber_98]

This is exactly why I want to buy houses cash when I’m older to rent out, so I can set an affordable price for tenants and not need the higher income to pay off a loan on the property. I couldn’t imagine depending on a tenant to be able to pay for my property.

[@user-rf1nn8sg3f]

Don't do it... You might face evictions, unfriendly government law, squatters, and tenants trashing the place. Just own your own house or plan on being a landlord full time.

[@MarinaCassandra66]

I plan on moving out of Colorado because this is ridiculous. 🙃 Dear governor, stop making this a normal thing. Thanx! Regardless of the demand for the “transplant population” these conditions make it impossible for anyone who works a minimum wage job. This is disgusting and disappointing.

[@potbellyfatguyfromnewyorkcity]

get a sugar daddy

[@janetmatthews7973]

My question is who has this kind of money. Zillow started raising prices years ago

[@catherinemartinez5542]

The uber snobby rich that came here and messed up the state.

[@dinaforbes3068]

M

[@kerrynight3271]

More than 20 million Americans have more than a million dollars. A lot of them live in Denver.

[@13lood13ath]

Sadly the people don't do enough to change things for the better in this country. We like to point out problems and complain, but never take to the streets to protest or never try to remove the corrupt politicians controlling/ruining our lives. There's more of us than them. We can change things if we really want to, but we dont. We are partially responsible for the outcome for not doing enough to prevent it. Look at what's going on in Sri Lanka.

[@adlevhashamayim4694]

When you only get paid 1500 every two weeks and end up with only $100 to last you the next following two weeks because not only are you paying rent but utilities, internet water electric trash sewer, carport or car space, gasoline, insurance (car payment if you are in contract with a dealer), health insurance if you have it, car maintenance if something goes wrong especially in winter or extreme summer heat, then from your check you have taken off $400 or so for taxes, and basically you starve yourself from your groceries to pay all that off. From your $100 left. It’s just ludicrous.

[@mstremyrah2162]

Why would you take 64 rental applications for 1 unit? You’re literally stealing money from application fees

[@JBoy340a]

Yep. $40-60 per person who is going to be on the lease. That could be well over 200 people for 64 applications.

[@user-zk6fc3dw9e]

I agree that taking 64 applications is absurd, but maybe it's the law that landlords can't prevent people from applying within a certain timeframe. For example, maybe the unit was listed for only a day or two before it was rented and taken off the market, and the 64 applications came in over just those two days. This is just my guess based on learning about some of the silly laws that result in these types of situations.

[@jeanniefelix6534]

How scary are these prices, why does our gov't allow this horror?

[@Itsdjsigi]

They allowed it to happen, they want us to suffer

[@kerrynight3271]

If you want regulation and socialism, you need to vote for it.

[@bennyfromthebroncs]

Imagine being a native American and dealing with everyone and their grandparents moving into Colorado. Reality will only get higher like California and most minority will suffer from it. These people forced natives out. I know they will low income. No feds protection. Treaties burned.

[@hidekigomi]

But those rooms get occupied, there are people who can afford, I don't know how, living in a $3000 rental condo in a newly built complex , having a brandnew Subaru (maybe Tesla?), eating out with drinks every meal, I don't think this many in 20-30s in Denver earn 6 digits.

[@Stephanie-vw3qq]

They don't. They live with atleast one other person.

[@superdoonz1]

Their primary source of income is the dividends off the investments their parents gave to them as a high school graduation present. But sometime soon this giant ball of hot air, these smoke and mirrors, that we call a financial market... based mostly on stock buy-backs... will come crashing down... crashing down...

[@oropeza190]

At most jobs I’ve ever had the average raise is 50 cents an hour. That’s only $20 more every week. Wtf are we supposed to do with that

[@Itsdjsigi]

Find a new job

[@hidesbehindpseudonym1920]

@@Itsdjsigi Great advice man. Then who does the job that he did? Your a regular Dave Ramsey over here

[@Itsdjsigi]

@@hidesbehindpseudonym1920 the next person who doesn’t need the income as much, for example.. a college student or a kid living at home with his parents still

[@Shadow-7773]

Robalo666DIA' Get more education, move, get two jobs, move out of state, stop making bills you can't afford, live with someone, vote for people with common sense and logic. $80.00 a month more, will help pay for your cell phone, add to your car payment, food on the table, help pay your energy cost, gas in your tank, bus pass, condoms, pay on your credit card.

[@tracydikeman8129]

There is no place in denver metro that is worth that kind of money. I left Colorado after living there 20 years, don't miss it at all.

[@jjeverson2269]

Which state did you end up choosing?