Rent rises in Georgia with little-to-no relief in sight

[@belindatate2140]

Raising rent tremendously and jobs paying $7.25 minimum wage & apartments not upgraded still have 1960 sinks & tubs smdh

[@dariyalforever]

Allllll true!!!

[@divinelycreated4him]

Yep! The government also keep voting against raising minimum wage. So they want to increase the price of everything but not pay workers properly. Then make reports complaining about “people not working” clown world!

[@DJ-vj4vi]

More African American real estate brokers need to become real estate state investors and buy up multi family homes and apartment buildings. Build the community generational wealth is owning real estate. ✊🏾

[@ronniebobbyedition993]

The biggest myth being spread is rent is going up due to demand - meaning there aren't enough spaces to rent. That's a lie. Rent has gone up, because landlords are able to raise them; there are no law restrictions. Some landlords took the pandemic bail out monies to renovate their homes and turn them into luxury apartments. The term, "luxury" is an excuse to raise rent. Other landlords have increased rent to recoup the money they lost out on when some tenants were allowed to live rent free due to the pandemic. Don't be fooled. I live in a community full of vacant apartments these days. Folks are moving out, and others are reluctant to move in, because rent is too damn high!

[@992001jeffr]

The way capitalism works is that businesses may charge whatever people are willing to pay. When people can no longer afford it, prices drop, or the company fails. A vacant apartment costs the landlord big money. If it doesn’t rent, the price will drop.

[@ronniebobbyedition993]

@@992001jeffr You're absolutely right. A lot of landlords lost money during the pandemic when the government allowed those that struggled, to live rent free. A lot of these landlords are trying to recover from their loses. Rent will be high for the foreseeable future. It won't be until they've recovered from their losses, and apartments are still vacant, will prices drop.

[@RamAlambaDingDong]

People are reluctant to move in because they want luxury living at section 8 prices

[@ronniebobbyedition993]

@@RamAlambaDingDong Oh how prejudiced and so ever assuming of you. A lot of people - rich, poor, young, and old have been affected by these unreal hikes. Most people have fixed budgets. Just about everyone is prone to feeling the effects of major hikes. I'm not rich, but I'm in a good place financially. I'm a resident in one of the top 25 cities in the US to live in. Folks are feeling the effects of these massive hikes where I live and elsewhere. And btw, your corny remark was contradictory.

[@johnniebeavers]

I'm a landlord where did landlords get the bail out money? I would love to know.

[@MJ-xj2tz]

This is down right criminal price gouging prices to buy or rent.

[@proplants1315]

@CONSERVATIVE PATRIOT I don’t believe that’s true at all and you speak like someone who has acquired zero assets. The rent I pay is slightly cheaper than the mortgage of the house I own in Georgia so please try again

[@dcg590]

Guess you shouldn’t have stopped paying your rent for two years. You know, stealing from your landlord. That was ok though right? Landlords lost jobs too. Landlords still had to pay all the costs for those properties but you didn’t right? Welcome to the consequences. Too bad. It was ok to shaft landlords and let all of you ‘renters’ off without having to pay anything but now that it’s your turn, landlords are evil. You aren’t owed housing or anything else.

[@causticchameleon7861]

They raised my rent this year by $225/month. I knew it was going up because property taxes went up because of the crazy housing market prices. I just didn’t think it would be raised by that much. Yes, Invitation homes is the big beast in Atlanta. I remember them buying everything they could get their hands on several years ago

[@royaldiadem_]

Sounds like a vicious game of Monopoly

[@jasminewatson8547]

Like I said before crime rates will increase & homelessness will increase!!!! The average person is in trouble and the low income “poor” are doomed!!! If the govt picked a time to give monthly stimulus this would be the time, but that’s not gonna happen.

[@r44bb98]

Those low income people should maybe work harder to increase their income

[@jasminewatson8547]

Sure there are Some lazy ppl. There are people who work full time and are still struggling. If the average income is 40k/yr for a man how is he lazy? Qualifications for rentals are ridiculous! I’m only speaking on the basics not luxury lifestyles.

[@smartanajones4u]

No one wants to go to work. The Worker shortage is ridiculous across majority of industries. Apparently people got money to afford this inflation and more since there is a severe worker shortage. People just don’t wanna work.

[@jasminewatson8547]

Maybe in some states idk but in Ga that’s impossible! There’s no “free” money, public housing, or section 8 being given away . It takes 10+ years to obtain it if your lucky. Not to mention they got rid of all the low income/public housing years ago. It’s hard to find anyone who accepts S8 vouchers. Maybe their living with family! 🤷🏽‍♀️

[@elainewilliams362]

Well it really doesn't matter thousands of people are losing their jobs now. An by the year 2025 robots will have replaced people jobs in America anyway. An artificial intelligence as well. The economy done out price jobs in for a small family groceries is $1500.00 a month now. An don't forget rent went up so u r looking at $2500.00 hundred a month right off the top. U got too make sense today when you go to work. Once again alot of people is going to be losing their jobs anyway. This is the Robotic age an artificial intelligence era now anyway. This is why universal basic income will be here for people . Because of the jobs that will be here will be very advance. An u will need a brain to even have one of those jobs. Anyway the year. 2025 alot of jobs will be done with. An the advance jobs will be here. .

[@linnettetuttle7013]

That FREE crap runs out and bites us back. 🙄

[@AngryAsianOG]

More price gouging…. All because they can

[@r44bb98]

Nope, increased property taxes and insurance. Largest increase we've ever seen.

[@AngryAsianOG]

@@r44bb98 well of course they see prices rising and people paying so they Gouge too common sense

[@AngryAsianOG]

Also ATL area was projected to reach higher than this in rent and property by 2030 due to demand and the fact that it’s the only decent place to live in the SE. so the fact anyone is acting surprised is hilarious

[@rosiebrooks7685]

If everybody cared about each other, yall would stop buying from these places for just one week as a nation. These prices would go down dramatically. To many people are lovers of themselves though.

[@feliciajohnson1668]

@@rosiebrooks7685 AMEN!!!!!!

[@Mrs_Canary]

My sister live n lithia springs her rent alone was already 1250....just went up 2 1500. 😒. Add 2 kids...under 2...so no formula....car note...lights...food....no government assistance at all either. How r ppl surviving atl. I live n Tallahassee, fl...rent was 950...now its 1100.

[@dwight3murphy]

your sister has two kids under two....does she have a husband ?

[@cbnks5024]

Average for 1 bed in Savannah, GA is $1300-$1400. Crazy

[@poquitodefe]

Omg!!!

[@divinelycreated4him]

Do the wages in these areas even support these price increases? People are going to have to start boycotting!!!

[@Mrs_Canary]

@@divinelycreated4him she makes 19.50/hr...40hrs a week....no degree. Shes the avg trust me.

[@skyking6989]

Sure glad I moved outta Atlanta. To many people, to much traffic, and way to expensive to live there

[@983mademan]

Where is better?

[@skyking6989]

@@983mademan I moved to Oklahoma. I love it. Rents cheap foods cheap got a good paying job. Very little traffic etc etc

[@skyking6989]

@Jewel Dazzle Ya so. I storm chase as a hobby tornadoes don't scare me

[@skyking6989]

@Jewel Dazzle Chance you take

[@rosiebrooks7685]

I'm saving now to move to Switzerland.

[@michellemarie1197]

Mortgage payments don't go up they stay the same cause they are fixed......remember that.

[@confusedcynic9073]

Unless you have a adjustable rate mortgage. Taxes, Insurance, maintenance all go up..... remember that.

[@kathleencernetich6243]

Rent increase is across the entire United States

[@m9078jk3]

The rent trap my father wisely warned me about this and greatly helped me getting my own house and property. Now that I am a senior citizen I get a Class A property tax exemption (I pay one half of one percent of the usual property tax) and get free home repairs through Rebuilding Together a non profit (They installed a new roof on my house 3 weeks ago along with a new front door,electrical upgrades and new fire protection equipment)).

[@crystaldavy5320]

Let them keep going up they are going to find themselves with a whole lot of empty units and they will go broke once again! Some profit is better then no profit! Greed is a terrible thing!!

[@johnniebeavers]

Yes greed is a terrible thing. Some landlords had no choice than to raise rent. They raised land taxes this year and they raised home insurance this year.

[@divinelycreated4him]

@@johnniebeavers good luck paying your mortgage when renters decide enough is enough! I’m just trying to rent the property not purchase it.

[@johnniebeavers]

@@divinelycreated4him I'm not worried about it me and my husband have a job and who said I had a mortgage to pay. I never said that I keep my rentals fixed, I never go to their house unless I'm collecting rent, and we don't have many change overs. We keep our rent low enough so people can pay it you know why we do not like people moving in and out of our houses that tears them up. And landlords if they are going to rent their houses yes they should be able to make some profit off it. maybe landlords need to just say well were not going to rent our houses out any more.

[@johnniebeavers]

@@divinelycreated4him I don't have the problem I'm reading on these comments or seeing in these video. I think some of these are just actors. and if its not then its not landlords place to house people for free. if people want lower rent then start by going to the tax places and start fighting for lower landtaxes and lower insurance

[@DJ-vj4vi]

I agree many landlords owning and renting these multi family homes and apartments/condos are charging $1500-$2000 in rent. Most american working families are food insecure and can’t afford high rent.

[@992001jeffr]

Chant “Tax the Rich”, and institute a 2 year “rent moratorium”. What could go wrong?

[@rosiebrooks7685]

They never passed the bill to tax the rich or to raise minimum wage. So this is what it is.

[@mariejane1567]

they got paid by the government it wasn't a no payment

[@mishaladara]

I honestly think that there's way more houses and apartments in there are people all over the world. I think most of the homes are owned by people that own homes in other countries and multiple locations in the United States.

[@rosiebrooks7685]

thank you. you are right.

[@dariyalforever]

Thats true

[@FoamandStuff]

No this is false. We keep track of the number of housing units in America being built and the ones that already exists. Everything from property tax data to second homes, to properties available for sale aka available inventory, and properties for rent in a given area. Governments; federal, state and local release this data such as Fannie Mae and Freddie Mac and large industry figures as well such as NAB, the national home builders Association to apartment associations. There’s tons of data and they all tell us the same thing: We’re at historic lows. The lowest available inventory for sale in over 50 years primarily because we don’t build enough housing units to keep up with demand. Ever since the housing crashes in 2007-2009 the US has been under building by the millions. We need to build 5 million new housing units just to get to equilibrium. And anything that we do build is for luxury housing or condos not starter homes or workforce housing because it costs too much to build and maintain therefore builders can’t make a profit on the type of affordable housing that we desperately need. No one is going start a project just to lose money. Money goes where it’s treated best and it’s only going to luxury and unaffordable housing which means less affordable housing for us all.

[@yolandatorres3823]

Hello there.. The rents are too high. We are ALL going too be homeless. Let's all protest.. Put a stop too all high rents.. Please let's do something.. Shame on those owners They are getting richer with our money. When they die they will go too hell.

[@confusedcynic9073]

Tell us how you really feel. Have you hugged your landlord lately?

[@cattigereyes1]

Good old American greed!

[@kelpiegirl]

The best explanation. Thank you!

[@moa3008]

There should be nation wide city ordinances prohibiting corporate entities; and WS real estate investors from buying up as many houses; and apartment complexes; and turn them into short term rentals; or renting the properties to the highest bidders.

[@m9078jk3]

I currently live in my single family home on my property and when I am unable to take care of my property and have to sell it I will make sure that I only will sell it to a nice family looking for a home to live in rather than sell it (even at a higher price) to a developer who would turn the property into a rental unit or multifamily housing. When I grew up in my area everyone even low income owned their own houses. The Union (USA Agenda 21) plans to eliminate single family housing for most Americans to enslave them into renting for life. That's the America that I don't believe in. I don't believe in swindling my fellow free Americans. I believe in liberty and that every American should have the right to own their own property (house and land) even if it came to Americans owning micro houses on their own small lot I would agree to but not enslaved.

[@nataliavillalvazo564]

Rent control.

[@youknowwhatflav9916]

This is making me depressed 😔

[@MsJobs-fc9jp]

While some of this is predatory some of it is self inflicted. Adulting is tough. We don't get the life we wish for or think we deserve instead we get the life we plan and work for.

[@divinelycreated4him]

So we all deserve to pay inflated prices for housing? You must own property?

[@ka8204]

Oh stfu with that pull yourself up by the bootstrap bs. There are many factors that affect hard working adults that are out of their control

[@MyLifeStayNFaithMode]

So pretty much they traded the stimulus check for high rent.. Pretty much they traded November 4th for high cost of living I remember Georgia was the holdup pipes busted they started pulling out them things from up under the table when everybody left videos and still out here but no one is talking about that..

[@ferdinandh5103]

Glad someone else said it

[@CB-pd8xv]

The exact same thing I said when they issued that last stimulus check. It was complete unnecessary and came at a time when most of america had went back to work, what the hell they still giving us checks for. Because they know they getting back one way or another with interest. And we are paying back for those ppp loans that was forgiven which in itself was billions on billions of dollars.

[@marcushennings9513]

Ikr, talk about loan sharks.

[@dcg590]

Guess you ‘renters’ shouldn’t have shafted your landlords for a couple years not paying rent. Didn’t you think there would be consequences?

[@MyLifeStayNFaithMode]

@@dcg590 Renters?? If you didn't know it's a high cost of everything..

[@noonan395]

Yeah .. When the government shuts down your work closes it makes everyone stay home how are you supposed to pay rent ? Great job Government!👍🏻👍🏻👍🏻

[@divinelycreated4him]

Good thing we own AMC 🚀

[@dcg590]

How did they expect landlords to pay their mortgages and taxes and insurance? They did though while you tenants sat around. Quit whining. I’m a homeowner and lost my job, bank doesn’t care but you renters got a free ride and now you’re all po because you need to pay up. Too bad. You stole from landlords for two years and didn’t care landlords lost their life savings and retirements and some property and they lost their jobs too. That was ok though?

[@brandyag]

before I struggle to pay rent I'm living in my suv! I've done it before and was happy!

[@elissaharbuck2170]

How did you do it? Where did you shower? Where did you park your car and sleep?

[@brandyag]

@@elissaharbuck2170 I signed up to planet fitness (it’s everywhere). Sometimes I park at Walmart, street, planet fitness too and truck stop.

[@divinelycreated4him]

Reading my mind! It’s crazy how people are having to start making these decisions. That’s why my car note stays paid. If things really get bad I’m sleeping in my Altima and saving money until these housing prices come down.

[@aliciasaracino1233]

Pure greed by landlords, and the try to justify it…

[@suewills3514]

GREED sinful

[@dcg590]

Not paying your rent=stealing.

[@Mr.Atlanta850]

What goes up eventually will come down.

[@raf25985]

same unit went from 1050 to 1750 usd from 2017-2022 this is absurd

[@susanteel3029]

Everything you said about renting in Georgia is the same thing for renting in North Carolina

[@adamantium2012]

This problem is self inflicted. It's a result of unintended consequences, but the people passing laws don't have the faintest idea that they are the ones creating this mess. Or maybe they are just in denial. Demand is going up. 3 new groups of buyers are purchasing homes across the country that we didn't have 15 - 20 years ago. Corporate buyers (for single family homes), Airbnb hosts, and open borders policy immigrants. The market was tight without these groups, but the rush of demand from new sources is making things impossible for regular buyers and renters. The price increase is the market trying to find an equilibrium for very inelastic demand, and unfortunately is resulting in bidding wars. As price increases from the bidding, flippers take a more active role, and the traditional buyers/renters also feel more desperate and accelerate what would have been demand in the future. Supply is actually shrinking. When you have any form of rent control, including rent moratoriums, it effectively removes units from the market place since people who have good deals on rent will not relinquish the units under most normal circumstances. They figure out a way to hold on to the below market rent unit - illegal subletting, relatives moving in, etc. New homes are being built but w/ heavy regulations can take a decade before they come on market. The factors pushing up demand and holding back supply are likely to be here for the foreseeable future. That doesn't bode well for prices.

[@divinelycreated4him]

This comment didn’t age well?🤣 Theirs plenty of supply. Greedy investors and Wall Street inflated the market. I see plenty of homes coming on the market and rent starting to decrease!

[@jamesIndependentFilm]

Why is it going up???

[@thebastardgift]

Wolf investors.

[@jonathanwaldron8230]

Republicans are for the Wealthy Rich people & Lobbyists & Lining their pockets. Democrats are for Lining their pockets & the Middle Class & poor Poverty people. These are Real FACTS.

[@cdgates1]

It's going up because of the pandemic

[@elainewilliams362]

Well each year people will be losing their jobs. Due to artificial intelligence and the robotic age, an by the year 2025 robots will be in America doing most of our jobs an artificial intelligence will be in full swing. So y'all think the pandemic did us in we haven't seen nothing yet. An that is not true at all young people today are not getting married and having babies. That is lie. Alot of young people are broke an homeless . An can't begin to move out on there own. Maybe a few are, but the majority can not even afford there own place. They are living together and sharing. Alot of young people are alcoholic and drug out mainly on meth. Like I said the news media lie.

[@eugenesmith3611]

Good afternoon from Boston Massachusetts

[@elpusegato]

Right now my only option is to go back to OTR truck driving, live in my truck for a few years, save every penny, and hope the housing market eventually comes back down to reality so I can buy a home. What have we done to our country? This is very quickly becoming a hellish nightmare of squalid tenement living

[@shalexiadavis1378]

Wonder how many Native Americans are sitting back and thinking "Gee our ancestors didn't have these problems. Rent, mortgages, inflation, cost of living, etc. Good ole U. S. of A."

[@divinelycreated4him]

Rent slaves 😭

[@fabulous5068]

Hopefully this will all go BOOM on theses greedy people!

[@lesliefrazier6424]

Are elected officials are not helping us at all rent gas food are all up in prices it’s frightening what are we as taxpayers suppose to do we need help now not later NOW

[@famejo1159]

You should have been out working in the first place then to be standing by waiting for the government

[@divinelycreated4him]

Then the government needs to stop taking money out my damn check! If I can’t get any help with the problems these greedy politicians and corporations have created!

[@ka8204]

This is just too much. Mine just went up $200

[@rockingwitnick]

Crazy Atlanta

[@The-E-Dude]

The way things are going, conditions in Georgia Russia will be better than in Georgia the state.

[@bernarbor9815]

When the right people start to complain then they are to do something about... Happens every time....

[@chrystalhineseverything]

Right will be richer and the poor will be poorer!! Revelations 💫🙌🏾

[@TheLastYG92]

Stop The gentrification of ATLANTA we love our communities

[@divinelycreated4him]

Stop selling your homes to greedy investment companies!

[@paulbrungardt9823]

If you voted for Biden/Harris, y'all voted for this.

[@ICONICPARIS]

What do they have to do with this?

[@divinelycreated4him]

Both parties are trash. Republicans are just the other side of the coin!

[@cadenceglass8809]

I want to talk to this guy. He seems 😎

[@dianamccall1463]

Well that's where I'm moving to

[@tysonminlo4938]

no relief in rental prices does not equal "good stuff".....pass

[@divinelycreated4him]

He’s an idiot and trying to pump this inflated market. People only have so much money. So rent can’t go up forever! Propaganda!

[@langstontisdale1107]

I’m on the landlords’ side

[@divinelycreated4him]

Great! I hope your also on their side, when these over priced rentals go into foreclosure 🤣🤣🤣

[@nataliavillalvazo564]

Vote 🗳 Blue.....

[@nataliavillalvazo564]

@CONSERVATIVE PATRIOT The whole of the South and Midwest is poor and meth addicted.

[@nataliavillalvazo564]

@CONSERVATIVE PATRIOT The less Nancy Pelosi pays in taxes the better off you are, right?

[@cadenceglass8809]

Always

[@crazy32people55]

Renters are making up what they lost! I stopped voting blue years ago....

[@frankrivera7460]

@@crazy32people55 That's why the whole of the south is poor and meth addicted. Republicanism works for Nancy Pelosi 💰.

[@tomb427]

Thanks dimension Joe, you can change it all by voting.

[@AngryAsianOG]

They predicted Atlanta would be as expensive as Cali by 2030 and that was predicted 10 years ago….. price gouging isn’t determined by the president

[@CarlosGarcia-nt4wf]

@@AngryAsianOG why is that?

[@AngryAsianOG]

@@CarlosGarcia-nt4wf demand, price gouging, very relaxed state and county laws, cheap labor, there are a number or reasons that determine the bubble but it’s about to burst again..

[@divinelycreated4him]

Voting in another group of crooks? Neither party gives a damn about us!

[@hermanrogers1325]

I got my popcorn and beer

[@smartanajones4u]

No one wants to go to work. The Worker shortage is ridiculous across majority of industries. Apparently people got money to afford this inflationary lifestyle and housing since there is a severe worker shortage. People just don’t wanna work.

[@memcore1312]

Maybe because people are tired of working for shitty pay?

[@Tes7000]

The worker shortage has been baffling, but I tend to think it has something to do with all of the apps and social media out today, which were not factors 20 years ago.

[@CB-pd8xv]

@@Tes7000 this is true. People make a full time income streaming for a few a hours a day off the donations that get. The IRS going to do a big crackdown on them soon because majority of them are not paying taxes. You still are supposed to pay a self-employment tax of like 15% and that includes ads tips and donations.

[@Tes7000]

@@CB-pd8xv My neighbor's oldest daughter is about 22, and he told me that she has more than 3 million followers on Tik-Tok. Her social media pages are primarily about fashion, and she models and promotes fashion for a fee on her pages. She dropped out of college and isn't even considering a job.

[@CB-pd8xv]

@@Tes7000 yeah that’s new world today I would hate if they were to shut social media down or put restrictions on it like they do on China like you can only be on for so long a day. They have no real skills and will be completely lost on how to make money TRADITIONALLY if that were to happen.

[@latanyahood5622]

Let the man talk, sounds like he knows what the h*ll he's talkin bout.

[@dcg590]

Good. Renters decided to shaft landlords and not pay and blow all the free money, go buy a tent

[@kellyanderson2841]

Soon you'll be covering how many homeless families are living in their cars or under the bridge.

[@memcore1312]

Witnessing capitalism in decay.

[@divinelycreated4him]

It was inevitable😔

[@DJ-vj4vi]

More African American real estate brokers need to become real estate state investors and buy up multi family homes and apartment buildings. ✊🏾

[@xivinrah]

This guy is slightly out of touch… who is getting married and having babies in 2022? Married, big MAYBE. Kids? What is this 1950? It’s expensive as $&@% JUST to buy groceries for ONE person let alone a family of 4 or more. None of these home prices are affordable for the AVERAGE income so he must be hyperfocused on the top 25% of the demographic he’s describing.

[@divinelycreated4him]

Especially since millennials are broke as hell. Lol. I’m one. We aren’t buying houses like that because his generation robbed us blind.

[@Pilgrim812]

dead wrong.

[@betabuxxstepdadtoasinglemo1925]

Good thing I'm rich

[@humblemomo5444]

We accept donations Rick mom

[@proplants1315]

No ones who’s actually rich is in these comments...cap

[@judithgrace9850]

No problems for this 79 years old, who moved to Querétaro, Mexico Do not forget to have cash when ATM runs out of money,and stores will only accept cash. Besides your preps. Thank you. Please do not get in a hot truck 🚛🚛🚛 to come to the USA. USA is deadly and expensive. Stay home and live, or R.I.P. Take individual photos of deceased and cremate. Let go and let God. R.I.P Happy I live in Querétaro, Mexico now. Send these thugs to wars around the world with toy guns.

[@stevetaxpayer6664]

With millions more people entering the US along with organic population growth far, far exceeding the number of affordable housing units being added each year, you can thank open-borders Democrats for today's affordable housing crisis. On the upside, at least the rich, elitist Democrats have a bigger pool of cheap servants that they can hire.

[@MinistryofKeith]

No

[@brandyag]

I doubt the illegals are able to get an apartment.

[@dcg590]

You mean votes! Illegals don’t work, they get handed everything in exchange for votes. Wake up

[@reggiegeorges5850]

😭

[@27Killermike]

Is this guy in a closet?

[@Dc-sl3up]

We need Islamic Emirate states of America with sharia constitution now.