My Rent Is Going Up 62%!!

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[@chasemorris9052]

70k and she’s being told to get a roommate and a second job. This is insane!!!!

[@James-zy5lh]

Agreed. I’m all for making sacrifices, but it’s getting to the point where even people who have done everything right, have no debt, and have good income can’t keep up with what’s happening. At what point are people allowed their own slice of the American Dream? Not everyone can be a doctor, lawyer, or real estate investor. $70k in Tampa should be good money (I would know as I lived there several years ago) but now it’s live in someone’s garage with a roommate money? It is insane.

[@swannyriver75]

I so agree !! 70k her rent should be easy peasy unless she has a lot of debt I wouldn't need a roommate if I made 70k a year

[@pamelalima5401]

New times

[@pamelalima5401]

@@James-zy5lh welcome to Florida…

[@SixFootofFitness]

My thoughts exactly!Why can’t she make her rent?? I must be missing something? Does she have crazy debt?

[@KB-sg7tv]

I just cannot have a roommate. Does anyone else feel the same? Having a roommate sounds like an absolute nightmare to me. I'd rather spend more money to have my peace. Having peace at home is priceless.

[@zandercruz3487]

Well....ok? Have one and deal or stop complaining about not being able to afford the place.

[@KB-sg7tv]

@@zandercruz3487 where did I complain about not being able to afford..?

[@euenfheiejrj]

Nope I loved it.

[@KB-sg7tv]

@@euenfheiejrj I guess I'm just used to the peace and quiet, and nobody else making a mess in the kitchen, leaving their shoes around, talking on the phone, etc. The money savings would be a plus, but I guess I'm just the kind of person who needs my own space.

[@krobdawg]

Same

[@Teamshmo]

It is crazy to me that $70k a year and an executive assistant job is now needing to live in a shack with a roommate to survive.

[@ThreePinkButtons]

This. This. This.

[@llcross04]

She probably has car debt, student debt and medical bills. That’s the story of too many adults nowadays

[@Lady.Luck.]

Depends on where she lives I guess. This doesn't have to be her fate.

[@Run4Ever77]

Don't forget it is not just "to survive". It is to dig herself out (in a timely manner) of whatever debt hole she is in.

[@youtubificationizer]

Here comes the shaming of the poor

[@JefferyHunt]

no one should have their rent raised that much out of the blue. That is just inhumane.

[@CoraLobodzinski]

same happened to me

[@Clintsessentials]

Agree

[@LucasFernandez-fk8se]

It’s because of the housing bubble and the boom in Florida. If demand is sky high rents go up. I feel bad for this poor woman but still, it’s just basic logic.

[@JefferyHunt]

@@LucasFernandez-fk8se rent doesn’t go up by itself. Assuming there’s a mortgage on the property, do you think the mortgage suddenly got higher? The landlord had to actually raise the rent. What the landlord did here is unbiblical. A moderate raise in rent over time to keep up with rising maintenance and utility costs is reasonable. If someone moves out, by all means, get what you can for the place. But don’t price someone out who already lives there and is a good tenant.

[@corneliuswhite5139]

@@JefferyHunt Bingo.

[@ghackney9549]

Getting a roommate is always a terrible idea. The wrong roommate can cost you a lot more than just money.

[@libgurl01]

Sorry of my life.

[@chuckokoye2410]

that kind of logic is kinda stupid tho…. marrying the wrong the person can also ruin your life, does that mean getting married is always a terrible idea? you just gotta choose these people wisely

[@ghackney9549]

​@chuckokoye2410 Did you just compare marriage to having a roommate?

[@chuckokoye2410]

@@ghackney9549 the point went right over your head, no surprise there. but I’ll explain and make it easier for you to understand: just because something can be risky, doesn’t make it a bad idea

[@ghackney9549]

​@@chuckokoye2410God bless the woman that marries you. You'll probably try and charge her rent.

[@JL-fo9rz]

No wonder why over 60% of young adults live with their parents with all these insane prices.

[@altenberg-greifenstein]

It is a wonder to me indeed, because rent is affordable when sharing a place. Nobody should move out and expect that they can rent a penthouse. That just means they need to grow up fast, and the best way to grow up is to move out and live on your own. Living with your parents just keeps you a little kid and too many are trying to escape responsibility nowadays by wanting to live like a little child. You can, but then truly live like one, live by the rules of your parents, no fun for you which only adults are allowed to have, go to sleep when your parents tell you to and so on and on. You have no right to burden your parents with paying for you while you sit in their house whining about how difficult life is for you when you just refuse to carry responsibility and burden others. I am sure you will not like what I said, but there are those who sit at home with their parents, doing nothing at all and then there are those out there managing to pay their rent, all at the same age. What is your excuse? Rent? The rent others your age manage to pay? Your question is what is wrong with the rent, but my quesiton is what is wrong with you? Ok, bye.

[@lunallena5594]

Young, even single and working adults are struggling!

[@TheWalamala]

@@altenberg-greifenstein YA cause calis rent is the exact same as memphis

[@eckankar7756]

Maybe it's a good thing to be so less independent and become a multi generational family unit again. It was that way for thousands of years until the late 1940s...now the pendulum swings back the other way.

[@confusednamused1161]

For real, we are asking 18 year Olds to go work at McDonald's and move out. The math just isn't there.

[@lionesslisa8000]

My son lives in Austin Texas. Rent in 2020-$1400 Rent now-$2100 and was told it will be $2500 later this year if he renews his lease. His apartment is about 800 square feet. He has no debt so his military advisers told him to buy a house. Rent is crazy.

[@TeenRoomDecor]

That's insane!! My brother lives in Austin and his rent has increased astronomically too :(

[@lisagavin3402]

Same exact thing happening here in Stuart, Florida 🤬

[@sofiarangel1315]

Yikes!

[@joelcleare]

WTH !!

[@rogeliobarraza1772]

Wth rent is just as high in Austin? I live in the Bay Area. I thought Texas was cheap!

[@jckid66]

Wake up Dave !!!!! Rents in MANY cities have doubled

[@altenberg-greifenstein]

Did he say at any point that rents did not increase? What is your point here for real?

[@jmorris023]

you realize he's 100% good with that right? He just kicked some poor pregnant lady out of one of his rentals. Dude is a cut-throat capitalist masquerading as a friendly grandpa. Guy is rotten inside.

[@conman823]

LOLOLOL He's a multimillionaire who makes money off of desperate people. He doesn't know about real life anymore

[@bjthedjdutchdude1992]

Even gas went up in Europe

[@grahamcarmichael6567]

@@altenberg-greifenstein Dave was shocked that the price went up so high. He’s out of touch.

[@gustave9402]

“They are not being crooks”. Yes they are!! Increasing rent by 62% is being a crook. This actually worries me. How are we suppose to live like this? It’s not easy to “get a second job” when I’m already work 40+ hours. Even making 60K a year this rent is unaffordable. Dave Ramsey is out of touch. This are not the 90s anymore.

[@sarahaubrey320]

Also most jobs want a flexible schedule anyway! Its so hard to get a second job especially if you do not have open availability.

[@bigfoot2547]

Im guessing from his go to advice get a roomate stay in and old ladies garage this is advice hes using from when he was in his 20s and the year was probably closer to the 60s

[@Tony-hx2fj]

if you are making 60 k a year you should have bought your own. then you will know first hand how much property tax, home owners insurance, new roof , water heater cost. why didnt you buy 3-4 years ago . Florida was relatively cheap, interest rates were next to nothing.

[@michelledawnharpist]

@@sarahaubrey320 yeah! i was just applying to more jobs, and they all want what i call the 'fake full time hours' of 37.5 hours (so they don't have to give benefits!!!) and how are you supposed to work two 37.5 hour jobs a week that want you at around the same times?!

[@terrid1030]

Florida home insurance just went crazy..most companies are pulling out all coverage in FL.

[@exceedinglyaverage1179]

Watching America burn right in front of our eyes 😔

[@altenberg-greifenstein]

I think it is called sunlight. You need to relax a bit! It is really bad for your health and happiness to stress out so much.

[@7318ify]

And this is only the beginning. We will soon have a generation of permanent renters with no generational wealth if we don't get our act together

[@ds5651]

Are you a student of history. This is nothing lol

[@sashamoore9691]

Name a developed country tht isn’t going through the same thing.. I’ll wait

[@mellamojeff458]

@@sashamoore9691 hmmm... I wonder why

[@jimkiser1429]

The lady mentioned something very important. She works at home. Which means moving away into more affordable areas has NO disadvantage as far as daily access to her job. A HUGE thing.

[@ronicaleffall637]

Although remote, some jobs require you to stay in a certain radius for meetings and other in-office responsibilities. If her company doesn’t have this rule, you’re absolutely right!

[@zoenavarro7393]

good point

[@stephenriggs8177]

What happens if you get laid off? You have to move, or you're limited to other remote jobs. I work remotely, but I'm close enough to a major city that I could resume that dreaded commute, if I had to. Once I retire, the whole country (and perhaps beyond) is fair game.

[@rickmerritt8273]

DR hates remote work btw

[@kristinab1078]

@@rickmerritt8273 Why does he hate it?

[@juanjon915]

Feel bad for the people Dave told not to buy a house pre pandemic and now same people have ridiculous rents that are way more than owning a house would cost 😂

[@appliancedude63]

He won't admit to his bad advice.

[@dcg590]

If they couldn’t afford it before they can’t afford it now either. It’s not his fault

[@MeadowDay]

He’s unfortunately not a fortune teller

[@TrollinOn22s]

I bought pre-pandemic when i saw where rent around me was headed. With a mortgage you control your destiny, instead of renting where the landlord controls your destiny.

[@juanjon915]

@@TrollinOn22s exactly I thankfully also bought pre pandemic and refinanced it to a lower apr cutting off 10 years from my mortgage and my mortgage is 685 a month and house value sky rocketed to 160k I bought the house for 70k i did put like 20k into it all financed but all the loans are practically paid off now , I’m glad I didn’t listen to Dave 😀

[@xekret]

My rent went up $90 and I was upset about it but after hearing her I am not going to complain at all! Good luck to her!

[@TowerofAboveandBelow]

It will go up again next year. Then what?

[@xekret]

@@TowerofAboveandBelow I guess I'll move under a bridge or something....

[@greenearthblueskies8556]

@@xekret nooo 🙏🏽

[@nichellej1118]

Same here, my rent is going up $116 smh

[@jazameister3085]

just because other people have it worse doesn't mean your problems don't exist, $90 increase is still absurd

[@wreckingopossum]

A 62% rent increase is the same thing as an eviction notice. Except an eviction notice is friendlier.

[@otrebla8944]

Lol

[@nicholeknight1893]

Facts!!!! They want to get rid of her. Was she paying during the pandemic? 🤔

[@user-tb7rn1il3q]

Rent always goes way up. This is nothing new.

[@americafirst9144]

Some communities and states have laws that limit the amount that rents can rise. Landlords don't always obey these laws.

[@wreckingopossum]

@@user-tb7rn1il3q Yes, rent always goes up. Rent, however does not go up by 62% per year, or even in one year.

[@thatclutchgaming1059]

Never had a good experience with roommates. If you can avoid having one, do it and save your sanity

[@EvangelismforGod]

So true!

[@MaurElle11]

Same.. strangers is never a going idea in Florida

[@richthepup]

💯

[@heidithaw1072]

@@MaurElle11 I have been to Florida multiple times for work and I really do not get the attraction.

[@Lady.Luck.]

It can definitely be a nightmare. I had a few nightmares and one really good one.

[@texasgina]

In December my rent went up $67. Groceries have gone up gas has gone up. I’m 56 years old and I’m working two jobs and working seven days a week just to live

[@bev7236]

Maybe it's time to move somewhere you can afford. There's some places that people just can't afford to live in anymore. We left Seattle area for Midwest and best move we ever made. We didn't do it for affordability at the time but it sure paid off in that regard lol.

[@texasgina]

@@bev7236 lol I left Southern California

[@bdan6954]

Elections have consequences

[@jeffyeager1997]

@@texasgina Get a better paying job🤷‍♂️

[@wintersonnet]

@@jeffyeager1997 I'm sure she's doing the best she can, Jeff.

[@itsjuliehoran]

I’m a 23 y/o young professional just getting into a great area of my career. I make 60k+ per year, and i’m stuck with nowhere to go because there is nothing safe to live in my area (or even with a 1-2 hour commute to work) that’s less than $1,800-1,900. I am so unbelievably frustrated, angry, and heartbroken. The nerve of these landlords asking $1,700+ for a unit with no windows, some with NO KITCHENS, but ‘comes with a hot plate!’ How much money do people need to make do be comfortable?

[@MSV667]

120k

[@invaderjoshua6280]

In order to afford $1700-$2300 a month like your area needs you would need to earn in the $70k+ area to get to the golden rule of around 30% income or less on rent. Good luck but I would highly suggest moving to a new place entirely.

[@itsjuliehoran]

@@invaderjoshua6280 I can’t. I work here, my family and friends are here, my whole life is here. I’d have to quit my job and abandon my entire support system.

[@mylesgray3470]

I would get a 2 bedroom apartment or townhouse rent out the 2nd room to someone. Just post room for rent and interview the applicants. That’s what I did after my divorce when money was tight. I had to swallow my pride and come to terms with the fact that having my own place just didn’t give me a workable budget, even though I was an experienced engineer with a decent salary. When I got a better job and got out of debt, I upgraded.

[@Jbig1430]

@@invaderjoshua6280 You do realize that to pay $2300 which is suppose to be 1/3 of your monthly income you need to make $82,800 per year after taxes. Meaning you need to earn $110K per year so after taxes you end up at $84K a year.

[@TstormVA2012]

I'm concerned at Dave's of gosh attitude to this topic. He knows that private companies are buying up properties and landlords are price gauging.

[@Lady.Luck.]

Maybe? Sometimes I think he stays with his head buried in the sand and oblivious to a lot of current costs that the regular folk are dealing with

[@raallen1468]

@@Lady.Luck. I like how he had to brag about how expensive HIS neighborhood is compared to the rest of TN & the USA. How arrogant..... Remember... he got a "new start" financially by taking bankruptcy to dismiss his debts, but he tells other folks to NEVER take bankruptcy. 🙄🙄

[@raallen1468]

@Budda Brotha Bingo!

[@Dread_Pirate_Homesteader]

not shocking how out of touch he is....

[@raallen1468]

@@Dread_Pirate_Homesteader He's just another member of The Elite Class in the USA; looking down their egotistical noses @ the Working Class. The Elites tell the Working Class if we don't like paying $4+++ for a gallon of gas, then just buy an Electric vehicle!!! News flash!!!! If I can't afford to fill my car with $4 a gallon gas, how the H am I supposed to afford $60-70+++K for an Electric car?!?!?!? 🙄

[@KevinGonzalez-vz7rz]

Currently I am living in a 1/1 rental apartment here in Palm Beach County which I leased back in 2011….. First year rent $1000/month Current rent $1500/month Current renewal offer $2200/month Thankfully I “saw the light” during the pandemic and opted to buy and build new construction in an “up and coming” area here in Palm Beach County. Yes, I did finance FHA with only 3.5 percent down but for Me, it was either go that route or walk away from Florida, My Family, and My Job, all of which are very important to Me. Dave does not understand and never will understand how it works for “average folks” in certain parts of the United States because he doesn’t have roots in those parts of America. Essential workers need “workforce housing” and yes NO ONE is entitled to own a home but when renting becomes next to impossible because of greed on the part of others, that’s a problem that without resolution is a recipe for disaster in all walks of life.

[@alinatamashevich3354]

So making a profit is greed? Do you spout that at the grocery store or gas station as well? Build your own apartments and see how low you can rent them out for.

[@jtowensbyiii6018]

@@alinatamashevich3354 re read it and cry, I mean try again

[@alinatamashevich3354]

@@jtowensbyiii6018 You first.

[@healthyandrew5294]

Man I remember graduating high school in Palm Beach and rent was $700.

[@sbentsen2714]

Well said, I completely agree

[@lindakay1700]

Rents everywhere in Oklahoma City are increasing 40% or higher. There’s no where to move for less. This is a nationwide nightmare….

[@sharonfleshman6961]

Part of that is remote work. People can pick up and move while keeping their job... and higher city salary.

[@DANIELSAM329]

Oklahoma is the state with the cost of live more cheap in all usa

[@swannyriver75]

I'm in South Florida I bet the rent is still cheaper I might be moving to Oklahoma or Kentucky because I just can't afford it anymore

[@DANIELSAM329]

@@swannyriver75 same thing I gonna move to oklahoma or arkansas en few months

[@Jake-go8pz]

It is called inflation....when everything goes up, this is what you get.....landlords get increases in insurance, property taxes, lawyers fees, property management fees, repairs, cleaning, etc. If life were so simple...."My rent is going up just because the landlord wants more money". SMH.

[@Soljarag5]

Here we go again. Dave thinks there are all these cheap garage apartments

[@Meanoldwoman2013]

No such thing and there hasn't been any of them for decades.

[@tingletreatment2644]

He's a boomer. He gives out outdated financial advice.

[@pamelalima5401]

Many associations don’t allow roommates anymore

[@shannon2748]

He's an old boomer stuck in 1960ville.

[@sherylmohn6334]

Dave is unrealistic he's in his own world

[@bookmagicroe9553]

My son's rent is going up $1000 a month. The penalty for late payment is going from $ 50 to $120. If he goes month to month they will add another $500 to the $1000 rate hike. Gouging.

[@Lady.Luck.]

😳

[@boombaman31]

Wow 😮

[@FUNNYBUNNI1]

Wow! I think landlords that are raising prices that high do it o. Purpose to try to kick out the tenant so they can later get a new one and charge more

[@Monipenny1000]

@@genxx2724 no it didn't. When families were moving in together, that created a surplus in available rental homes causing desperate landlords to reduce rents. Following the 2008 housing crash, landlord's, at least in my area (NE Ohio, not a high rent area) were reducing rents on average of $100/mo. I've been a landlady since 1987.

[@rodrigosanroman5858]

if the late payment penalty going up concerns you or your son sounds like y'all are bad tenant. I have never been concerned of late payment penalties going up. Sounds like the landlord wants your son out because he keeps paying late.

[@mommabear2544]

Fun fact. The governor of florida REFUSED to sign a bill that would cap how much someone could raise rent in the state of Florida. THAT is why this is happening. I have quite a few friends going through this right now. With no end in sight.

[@toeachitsown2050]

Its happening everywhere

[@mommabear2544]

@@toeachitsown2050 You are correct. But other states have laws in place to put a cap on how much rent can increase. Florida doesnt have that law. So rent prices in Florida are going up, on average, 60%

[@greenearthblueskies8556]

Exactly, now stop blaming Cali 🙄

[@bdan6954]

It's almost like Florida's population is exploding and causing more demand for housing. BuT LeTs cAuSe a BiGgEr HoUsInG sHoRtAgE WiTh rEnT cOnTrOls

[@mommabear2544]

@@greenearthblueskies8556 Who is blaming California?

[@Vydio]

Dave, I don't think there are a lot of garage apartments in the back of rich old ladies houses around these days.

[@Run4Ever77]

She only needs one.

[@dexterm1285]

They do exist but typically rich people dont want strangers living on property.

[@Vydio]

@@dexterm1285 I would think they'd rather be renting to family or close friends.

[@Vydio]

@@Run4Ever77 I hope she finds it.

[@EvergreenVB]

They're now called ADUs, or JADUs actually if we're talking about attached garage apartments.

[@KMF3]

Dave's head is in the sand. EVERYTHING EVERYWHERE IS GOING UP. We are in a crisis in this country. I've been disappointed with him since the beginning of the pandemic. He seems to be clueless as to what is going on.

[@gwendolyn9308]

I'm in Canada and our rental prices are also increasing in my province by about the same percentage. It's insane. Very glad to own my own, mortgage free.

[@Mitzi73]

But people still need solutions. He isn’t clueless he is just trying to get people from point A to point B.

[@ImDahDude]

Agreed but it’s because he’s rich.

[@herbiehusker1889]

It's the Great Reset, but Dave thinks that's just a conspiracy.

[@tonia2483]

Yeah I'm trying to buy a house and as soon as I see one I'm even remotely interested in it's gone. I'm not going to rush in to getting my 1st house.

[@Damon-qt3fw]

Bought right after bubble burst in 2009. Paid $75k for a three year old house 1825 sq ft. In 2016, i sold it for $140k. Bought my current house in a much nicer area for $177k with a $34k down payment. Sitting on a $550 mortgage payment. I bought at the right time. Had we waited a year or so, there would have been no way to afford a home; renting or otherwise.

[@alexpeguero38]

What state are you buying so cheap?

[@Finx436]

May be Guatemala lol

[@toeachitsown2050]

I am happy for you, but angry that HOUSING is so volatile. Stupid me for thinking housing had any basis in reality

[@AMarie_USA]

exactly, a lot of this is timing it right and ACTING immediately at that time. In 2014 I bought a 41K house (1960's solid build, nothing special to look at but in good shape), sold that made like 22K, not much but enough to move away to another state and buy a 117K small home (2br, yard, etc., newly renovated, new roof and fence) and I pay less than most and wake up feeling blessed every day.

[@Damon-qt3fw]

@@generalvanman8270 who was anything was your fault? I was saying my timing was good because now it would be slim to none. If you did have to lay blame, blame your parents. They should have gotten biizzzaaayyyyy sooner.

[@lesleeaga9568]

Even if she finds a needle in a haystack she’s going to be competing against 100+ other applicants; good luck with that.

[@pkendlers]

Miracles happen. It happened to us. Don't give up and be in a good position for when your opportunity comes.

[@AK-jt9gx]

@@pkendlersthat’s wonderful that it happened for you, but this is a systemic issue and only getting worse. I’m sure there were 50 other applicants that didn’t get that miracle apartment at that amazing price that you rented, and those people still need housing at a fair price too. I’m not blaming you for that of course, and I’m glad you found something, just remember it’s a societal problem still.

[@karimelmoutawakil7295]

It's crazy that a married couple with 70k household income need a roommate because of stupid high tax rates and inflation hope they can raise their income soon.

[@donaldlyons17]

@Fornjotur Von Kvenland I am guessing you are in a high cost of living area.

[@msi8311]

@Fornjotur Von Kvenland Living in Seattle with that problem. Not staying with family but you need a very high income to afford a home.

[@cluebin8398]

@@donaldlyons17 Yes, that high cost living area is called America

[@eckankar7756]

@Fornjotur Von Kvenland "My wife and I"

[@BretWickstrom]

This is going to continue to get a LOT worse. Ramsey has been ignoring the severity of inflation for a long time. He thinks his steps of being a money miser is going to get EVERYONE through this economic disaster. It will help for some but it still puts many at a HUGE risk that he continues to ignore.

[@appliancedude63]

He won't admit to giving bad advice.

[@chrisabreu5088]

Not only that all of his solutions is grab a part time job. meaning have no life just to have a roof

[@greenearthblueskies8556]

@@chrisabreu5088 💯

[@themamabearlife3339]

Then why do you listen to him?

[@themamabearlife3339]

@@chrisabreu5088 You do what's important to you. If going out & having fun is your top priority, then you may suffer financially for that... If financial security is your top priority, then your social life may suffer in order to gain that. 90% of millionaires are self made. They sat in their garage by themselves working, while everyone else was out having fun. You're not a victim. Your life is effected by your choices, & what's important to you.

[@charletfoster8917]

This crazy rent hike is unethical; salaries are not going up

[@done3732]

You would be crazy not to raise rent

[@pamelalima5401]

Investors don’t care

[@altenberg-greifenstein]

Yeah, right? And the companies excuse their higher prices for what they are selling with having to pay higher salaries, which they are not even doing

[@Jake-go8pz]

Professor......Supply and demand.....home prices are skyrocketing in the Tampa area. So, prices go up, landlord insurance rates go up, county property taxes go up, the repairman's prices skyrocket, the lawyer.... used to evict and serve tenants that trash the place...goes up, maid/cleaning services go up, replacement appliances/parts go up. Burn some brain cells.....

[@eckankar7756]

SOMEONE is able to afford those high rents obviously. I am assuming there are droves of potential tenants with fists full of dollars happy to pay those high rent payments. I'm guessing if the property owners CAN get higher rent they SHOULD get higher rent. It's a business not a charity. Maybe have these deadbeat churches with their tax breaks house homeless...that's what they preach about JC and his 12 buddies...put your faith on the line...lets see churches step up.

[@danielle22226]

This is the main reason I bought my house years ago. I was tired of relying on someone to provide a roof over my head. Non less relying on an unknown person or corporation housing me.

[@dsa2591]

Not all of us have the income or savings to buy a home. Plus, I don't want the maintenance.

[@jasminek6632]

@@dsa2591 homes do come with maintenance that I agree with. I have shelled out money in the old home I purchased but I knew that coming in. Also I did not have a lot of money or savings when I purchased I actually got a few thousand back at closing which I used for some of those Maintenance repairs. As much as the issue with maintaining a house can be I would rather do it than deal with a landlord and I was a longterm renter more than 20 years of renting.

[@eckankar7756]

@@dsa2591 You pay for the maintenance in your rent check plus you pay the landlord additionally for them to call in the plumber, AC, roofing. You just write one check a month but every bit of maintenance is paid by the tenant. If you didn't have money for a home, per Dave's baby steps, then you invest in yourself so you can earn more. I was not college material but I was hairdresser material. I went from 7-11 selling Big Gulps to hairdresser working 60 hours a week for 20 years to buy a house, rental properties, investments, kid's college.

[@susanarsoniadou3588]

@@jasminek6632 A house sold for ,$700 in the South

[@theamazingempiricist]

I'll just go back in time and bring my current salary with me, thanks for the advice!!

[@John-bd9fj4435]

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?

[@John-bd9fj4435]

Thanks for the efforts you put in these. I found her and i leave her a message i await a response

[@ugcamige]

And this is why your 25% income only to a mortgage rule needs to be adjusted... Ppl paying more in rent than they would on a mortgage and going no where

[@davidking4779]

This is a good testimony to those who say that owning a home is not a good investment.

[@alexandru5369]

Yep as a home " owner" I agree though there's that pesky property tax but as long as you are in a suburb it shouldn't go up too much ( or at least not yearly) Heck there are ways too make sure your home doesn't become too valuable i.e. keep it profitable but not too high where local governments can have an excuse too raise property tax

[@MichaelAnderson-wk1no]

Who says that? I've heard people like Dave say that there is a good time and a bad time to buy a house, depending on your financial and life situation. But I've never heard anyone say that a house is not a good investment.

[@djpuplex]

Taxes are gonna go up along with insurance and HOA. It's a relative rising tides. Maybe not as dramatic but get ready. Also repairs if your contractor rents his house he has to pay his rent, along with alot of cops, teachers, nurses, secretaries, ect.

[@brooklynebony]

it's not a good investment if you can't afford it. there's a difference

[@bradleymaravalli2851]

@@MichaelAnderson-wk1no millenials who think houses are a burden and eats too much of your budget.

[@jackwilson8051]

I remember Ramsey telling people to rent instead of buying in the past. That was terrible advise.

[@jmorris023]

While he was secretly buying up the houses they would have bought.

[@alextemus]

Yeah, that advise didn't age well

[@jmorris023]

@@alextemus it certainly did not.

[@eckankar7756]

can you link to those episodes? I'd like to hear that. I've heard him say to rent temporarily between moves, etc...but not as a lifestyle choice.

[@xJayhawkFANx]

@@eckankar7756 he says to rent until you can afford a good down payment on a house.

[@PInk77W1]

My landlord said she was gonna double my rent So I moved to Texas and bought a home cash $23k. Best thing I ever did

[@ykciR]

23k when did you buy that? In the 1700s?

[@noshrinkingviolet007]

Where did u buy?? I want to buy a hm in TX but housing prices are high rn.

[@thedudeabides1443]

Does your $23k home have a roof or foundation?

[@PInk77W1]

@@noshrinkingviolet007 Coleman Tx They literally have homes with FREE HOME painted on it. But it’s probably needs a lot of work

[@PInk77W1]

@@ykciR July 30 will be my 2yr anno

[@craigslistrro709]

My house is paid off, and im debt free... It's very easy to empathize with people who are seeing the trouble ahead..I have been thinking of ways to help people anonymously..

[@SimbolicProductions]

Who asked you about your situation?

[@eckankar7756]

Good for you, you walked the steps and again they worked.

[@AaronTharpProduction]

I swear if I read one more "boy I am so lucky that I bought..." I am going to lose it.

[@CrystalMouse1]

This 👆👆👆 omg it's such a selfish thing to say to someone who is on the edge of a cliff "I'm so glad I am okay" ughhhhh! Good for you, right?

[@shannon2748]

Braggarts gotta brag.

[@eplugplay8409]

Boy am I lucky I bought my house a few years ago and paid it off too. :)

[@DudeMuscle]

Blessed not lucky

[@mrb152]

I bought during this. There is no good time. Just make it work if you want it to work.

[@staceystrukel1917]

This is happening all over the country.

[@sherylcastro5688]

I have not increased my rent dues for my tenants for the 3rd yr. now. I have a heart, your landlord does not. Get out of there. You deserve better

[@zandercruz3487]

What does that have to do with anything? Just because you basically adopted your renters out of emotional reasons doesnt mean the other landlords magically dont have expenses they have to meet. H3ll show some real "heart" and dont charge them anything. And if not....why not?

[@FR-tb7xh]

@@zandercruz3487 OP has a ‘Messiah Complex.’ And is playing the ‘holier-than-thou’ card. I’m not buying it, either.

[@Tybward]

A landlord risking their money to provide housing for individuals is loving enough. If the tenant doesn’t like prices, they can go elsewhere.

[@samuelwilliams7331]

God bless you

[@jayfitmob8645]

Mine is going up 50% this can't be sustainable.

[@lashandashirelle4478]

It won’t be those landlords will be begging for renters in the future

[@panpluto13]

Get capitalized! Hahahha

[@abbyoneill4473]

I disagree, I think they ARE scamming her actually. The landlord either owns the building or has a mortgage. Either way, their monthly expenses aren’t going up much besides for renovations or maintenance. Not going up 60% though. I’m a landlord and if I have a good tenant I never increase the rent. I’m not trying to get rich off that investment.

[@frozentundra7446]

Dear Abby, as mentioned in the videio, it is what the maket is dictating - hello?

[@daledunmire323]

Dave looks genuinely stumped and worried on this one.

[@invaderjoshua6280]

Because its making him realize his answer to everything meaning saving more or getting a better job isn't working.

[@creightonholub]

Dave completely whiffed on his comment about moving to somewhere "less good," invoking living in someone's garage apartment. The caller is working online, and quality internet is the number problem she can't fail at. People don't have to drive for work any more, and that probably isn't a priority for internet service.

[@DanielWhiteArtist]

I know with Elon Musk's Starlink high speed satellite internet, this could somewhat mitigate the issue. It's $100 a month and upload and download speeds seem decent. However, I don't know exactly how reliable the connection is since it is satellite, after all.

[@reversesnowbird]

We are 100 miles south of Tampa and a studio apartment is $1700/month here. It’s a big problem here in FL. Wages don’t match the rent and transplants from out of state a prepaying a year’s worth of rent in advance thus pushing the locals out.

[@caridadrevilla2439]

Yes. I'm in Palm Beach County and there is a definite housing shortage. The rents have sky rocketed. Many many new people have moved to our county.

[@handsomebarber424]

I’m in California and that’s the price for a studio here , I’m pretty sure 2500 for a studio is very possible

[@w7855]

It’s a problem all over

[@seansurfn2]

elections have consequences

[@MaurElle11]

Exactly. Most people work at low wage or low salaries.

[@ashleyb1091]

I live in SC and my rent for a 2 bedroom is 1100 and when I looked at the same layout as my apartment on the website my layout is 1500. People that are coming renting my same apartment are paying 400 dollars more. So I’m worried in the next few months when my lease ends

[@MegaNiQ]

My aunt is a broker in Tampa, this is happening all over middle FL. I absolutely hate it

[@drachireidnoc6659]

Ah yes the negotiator

[@MegaNiQ]

@@Brian-dh9lp i do, you wouldn’t believe how much an acre of dirt is going for these days. All these coruscanteans are leaving and buying up everything east of Mos Eisley as possible

[@604h22a]

Is because of Californians and other state people moving in ?

[@MegaNiQ]

@@604h22a yup, they’re leaving crapifornia like fleeing mice infecting the rest of the US

[@pamelalima5401]

@@604h22a ton of people immigrants coming from the México border too

[@darlinnikki9514]

The problem with the advice "look for a needle in a haystack" is that everyone else is also looking for that needle, which creates more demand and thus higher rents.

[@sharyn4271]

I’m watching this video on the heels of another that highlighted renters in FL being scammed by fake landlords. What a world, it’s crazy out here.

[@bradleymaravalli2851]

So don't even try? It's worth trying.

[@Lady.Luck.]

You can try but it's not going to happen for 9/10 people

[@daveharness70]

Most people don't look that hard, or consider alternatives to what they are used to. You may also have to be a bit lucky....but they are out there. Most folks would be too lazy to put in the time and effort.

[@blackworldtraveler3711]

@@Lady.Luck. That could be the problem. Worrying about 9/10 people instead of being proactive.

[@yamamancha]

I'd rather buy a shack in the middle of a swamp than swallow a $700 rent hike.

[@jarrettplaysviolin5992]

Make a list of the shacks available so investors can buy them and increase the price 62% as well

[@yamamancha]

@@jarrettplaysviolin5992 lol! A true American!

[@clarifyingquestions]

@@jarrettplaysviolin5992 Investors do not increase the price. They just invest. Some people are smarter than others.

[@hidalgopatron9653]

No you wouldn’t…

[@antoinettepeeps2640]

She’s taking a real gamble going month to month. The lease guarantees her the new rate… month to month means that the rent is most likely to increase in the year, especially with the housing demands being what they are.

[@maxwillson]

I remember when I thought $620 a month was a lot ahahahaha! Rent prices are insane, I had to eventually move back in with my parents. Thankfully I was able to save money for a down payment on a house, now I only pay $790 a month.

[@schuylergeery-zink1923]

Yah we’re about to build a house just outside of town bc we got outbid on 10 houses in the city. And hey save some tax money! My sister also moved back in with our parents and wants to save for a downpayment. It’s crazy.

[@Inferno1170]

Yeah, I've been stuck at my parents. Trying to save up for a down payment. But housing keeps climbing, so does rent. And I really haven't been able to afford any of it.

[@maxwillson]

@@Inferno1170 When I was ready to buy a house it took me a month of hard work. It's not easy, you have to treat it like a part-time job.

[@Inferno1170]

@@maxwillson you know, the world works in mysterious ways. I just put a deposit on my first home!

[@ShangTsung917]

Currently rented in Tampa and had a generous undermarket rent that was going to jump. Had to move to a more rural area but bought a great house for the family and seeing interest rates increase makes me convinced I made the right choice.

[@seansurfn2]

you did. anyone who cant buy within the next year will likely never buy again

[@genxx2724]

You did. 💯

[@angelaonthego]

Which area did you move to? Looking to do same.

[@stangomango8393]

@@seansurfn2 this.

[@giveme10feet]

So you put the "Finish Him" to the landlord?! Well done.

[@xfhnhhgjbvcfg]

I'd live in a hotel with free breakfast for the same price

[@hubertcumberdale2651]

its not "free" genius. Its lumped into the ridiculously overpriced bill which is by-the-numbers hotel accommodation in the United States. Among the most expensive in the world relative to average local income.

[@tidus9942]

@@hubertcumberdale2651 There are still hotels with $60 night stays and free breakfast. that's 1800 a month. if internet is included, why not. Also, our hotels are not the most expensive. You must not vacation to Europe very often.

[@Live.Life2343]

Property taxes going up to where it can easily become another house payment. So slowly not many will be able to afford a home.

[@angelaonthego]

Something else is going on. I’m in nearly the same situation-same area, same job, same salary, same rental increase. Also remote. I’ve started looking all over the country and I’m seeing this in a lot of places you wouldn’t expect. Not sure what’s driving it-maybe it’s a jump on inflation? I don’t know how they expect the average person to pay these rents.

[@Lady.Luck.]

Wisconsin

[@heidithaw1072]

I am in Kansas and it is relatively cheaper but rents are going up here also,

[@eleanormassaro5195]

I believe it’s mainly because of the housing shortage

[@jessem4659]

Rent is a lagging indicator of housing prices. This isn't going away.

[@sblijheid]

Come on. Don't tell me you don't know what's causing this. It's called supply and demand. So many people flocked to Florida increasing demand which drove up the prices.

[@9liveslisa]

I feel so bad for the average person out there. I wouldn't be able to take hits like that. Really scary.

[@lizspann8083]

You're not average?

[@9liveslisa]

@@lizspann8083 No, I guess not. But I was for most of my adult life.

[@eckankar7756]

I suspect this is a season and it will pass. I found my best lessons in life I learned from painful situations. Pain, for me is a good motivator to change a behavior. Some just roll up in a ball and surrender to it, pain puts me into survival mode. I suspect this will pass and for some, major lessons learned to be the little pig that built the house of bricks, not straw. This might be a very valuable lesson for young people today, when the season passes many will have a major focus to never be in a helpless situation again.

[@mattnieschwitz4727]

I feel for people like this. Makes me so grateful I bought my house in 2018. I was 26 and it was temporarily a stretch for the mortgage while my wife was in school full time therefor not working, but I recently looked back at our apartment we used to rent and rent there now costs more than my escrowed mortgage!

[@crashtestdummy1972]

Dang man my wife and i did exactly that but at 27. We are grateful, we have a large home and pay less than half of what some apartments are going for now. Hope all is still going well!

[@jeretso]

I did the same thing when I was young and my rent doubled. If rent was controlled I would still be a bachelor living in the same apartment.

[@stephanied.k.3589]

Eventually we will all be California. The ridiculousness of it all.

[@panpluto13]

Are you planning on showing your thought process here. I would love to see your drawings of brain worms.

[@seansurfn2]

elections have consequences

[@des711]

Where I live our rent has increased tremendously, and so has traffic and road rage. Guess where the people moving this state are from.

[@jameskwak3198]

Ya the California natives wrecked there state now there spreading out like cancer to the rest of the nation.

[@nicholeknight1893]

People from Cali move to Vegas and it's increasing our rent

[@Zoltarswim]

Yeah, my rent went up 34% in a month. They told me I had to move in 30 days or sign a new lease. Then they allowed me to go month to month at the new rate when I hadn't made a decision in 24 hours.

[@eckankar7756]

Are these places really sure they can rent out the newly vacant apartments for these increased prices? Are there really droves of prospective tenants anxious to pay the high rent prices?

[@TheMechanicj]

Thank god my 3500 sq ft 12 year old house will be paid for in December and I’m officially debt free

[@dexterm1285]

Its definitely amazing....havent had a mortgage payment in a few years now. Never again.

[@dinky19810]

Congrats

[@greenearthblueskies8556]

@@dexterm1285 💯

[@swannyriver75]

Congratulations!!

[@eckankar7756]

I have a much smaller home, paid for, about to retire now and I wish I could downsize more but no place to move to. The older I get the less space I want.

[@estebanhenriquez3491]

I just moved out of Orlando to Winter Park precisely for the same reason. My rent had gone from $725 to $1,500 for a 1bed/1bath! By the grace of God himself I managed to land an apartment with the same layout for $955. However, it worries me what price I’ll be paying after my new lease is up come next year. Thankfully, I’m on BS3 moving to BS4.

[@r4ym1n13]

Save aggressively to buy a house one day

[@ChildfreeDude]

Sorry to hear that. Rent is getting out of control everywhere.

[@MrBrewman95]

Winter Park is more expensive than general Orlando suburbs.

[@estebanhenriquez3491]

@@zacharyehrenreich801 You ain’t lying! Moving from job to job seems to be the way to outpace inflation. That, and keeping your budget tight (on check).

[@Mikeybdarealest]

This man said go live in someone's garage.. you're off your rocker Dave. She makes 70k!!!

[@deesee3622]

im assuming thats before taxes plus she may have debt and she wants to get rid of it quick. some want to be hundred percent debt free

[@mylesgray3470]

$70k is not that much any more. Six figures is becoming the new middle class. Sad inflating is really hurting a lot of people but it’s pretty much the expectation after money printing during the pandemic.

[@deesee3622]

@@mylesgray3470 it really isn't much money; at least 150k would be a great income

[@mylesgray3470]

@@deesee3622 That’s right around what I make with overtime and really it’s just enough to live what’s traditionally considered a middle class lifestyle in bigger wester US cities. A few jobs ago when I was making 75k living in Seattle a felt I was barely making ends meet.

[@deesee3622]

@@mylesgray3470I believe it, I would love to make at least 250k AFTER tax which would be like 400k salary lol

[@wesleygriffiths8496]

Tampa has one of the highest rent increases in the nation right now. Almost all of Florida is ridiculous with the rent hikes

[@freebird7284]

renting is a steppingstone and should be as temporary as possible

[@deadcell1]

How can someone who earns less than $30k a year ever become a homeowner?

[@nathancook8452]

Everything has a cycle. What goes up eventually comes down.

[@Hi-qh8zt]

Nathan I don't know who told you that but don't believe it. You obviously forgotten or didn't live through the 70s. How did milk by the gallon back in the day 40s and 50s $.50-$.60. And now it's pushing four dollars depending on where you go. Doesn't seem like prices went down....

[@nathancook8452]

@@Hi-qh8zt But interest rates and housing prices, stocks , gas prices , do rise and fall. Minimum wage has risen. Interest rates are going to go back up due to inflation so the safer investments are going to rise. All I was saying you got to move your money around during different cycles.

[@pjhoops8637]

Gas prices are going up 62%

[@scarpfish]

That's funny. They've actually dropped here about five cents.

[@cybertrk]

All those people talking smack about electric cars sure do feel dumb

[@lucaswhite2681]

But oil prices went back down. Companies are gouging us

[@herbiehusker1889]

@@cybertrk you mean coal powered cars?

[@scarpfish]

@@herbiehusker1889 Depends on how your electricity is sourced.

[@freedomworks3976]

Ramsey loves this landlord. Dave has stated that with his rentals he raises the rent every single upportunity he gets , even if its just $5 or $10 dollars he doesnt care. Raise the rent allways !!!!!!

[@markg999]

Well when have rents ever gone down...cost for insurance, repairs and taxed always go up...I see no problem with normal increases. 60% is insane.

[@freedomworks3976]

@@markg999 I don't think they teach economics and finance in public high schools. It seems so many people now days are unprepared for economic life now days

[@yaydog2702]

$5-$10 dollars is very different from $700 hike.

[@alinatamashevich3354]

@@freedomworks3976 Bingo

[@lillie.annmargaret]

It is very unlikely that she will find anything reasonable within an hour of Tampa or in virtually in area of Florida. Rents and housing have EXPLODED in the entire state, it is a crisis.

[@shauniwarwick6091]

Yep agreed! Going through this right now.

[@vjs4539]

Same here in Utah. I know a family of with kids who can't find anywhere to live.

[@vjs4539]

This is why Dave's rule to not buy a house until you can afford it is nonsense. If you can even get financed for a house, you should get one.

[@mle011]

So true, a 499 sq ft studio apartment I rented in central Florida for $583/month now goes for $1900/month. That’s insane. I could afford $583/month as a single, young professional, but who can afford $1900 for a studio? In small town in FL no less!!

[@mle011]

This was in 2013-2015 when I rented it.

[@hanspladeau]

How is a 60% increase legal!?!!

[@pamelalima5401]

Good question

[@timothygibney159]

People are willing to pay

[@nolongeranurse3369]

Rent control is abnormal ( and illegal in Florida) rents are determined by supply and demand...MORE demand and LESS supply = RISING PRICES...they don't stop going up until nobody can pay

[@sandriagutierrez2605]

I wouldn’t get a roommate. Too many loose cannons out there. It’s not worth the grief in my opinion.

[@mylesgray3470]

I got a roommate to share a townhouse with and later found out they were promiscuous.. so we had a new random stranger coming to our places nearly every day.. I definitely didn’t feel safe but thankfully nothing bad ever happened.. other than someone barging into my room one night by accident. Definitely makes you want to get your own place.

[@sandriagutierrez2605]

@@mylesgray3470 yikes, not a good scenario! Glad your on your own. I think that kind of advice (getting a roommate) would have worked 30 or so years ago, but sadly, not now.

[@aplanefliesabove]

A 'new' studio apartment in my area is $1500 a month. I'm nervous that no one in my family owns a home due to overspending, debt, and bad financial decisions. There is just a host of other issues that I am juggling at the moment. Everything that is happening is completely overwhelming, honestly.

[@cathy7824]

Are you single? Drive a truck for living, live in it for a year and move to a more affordable area. You will be able to buy a home.

[@aplanefliesabove]

@@cathy7824 I am single with no children. Unfortunately, my father had Dementia. So, I am working on moving him to my state. I am going over some ways to increase my income.

[@deannatroy8113]

Rent will keep increasing. Whatever you do, don't get into debt for probably the next 10 years. Don't buy a house unless you can purchase it outright. Don't leave your money in a bank; the banks will close and take peoples money. If your desperate, find another way, whether that be woofing (working on a farm for accommodation and food), building a shack in the wilderness somewhere that you think you may not get noticed, or bunking up with a few families in the same household to share costs. Best to be out of cities. Debt will be used to make people conform to certain requests.

[@davisholman8149]

@@deannatroy8113 People that work from home - look at Incredible Tiny Homes - the gentleman has reasonably priced lots & nice tiny homes for 20k+. I know there are people who do not like the South - but a less expensive area is all you have to go to at this point.

[@eckankar7756]

Like falling overboard, save yourself first. Trying to save a cluster of idiots will take you down with them. You're on this channel so you have some good insight, you know which direction to look and that's half the way there. Maybe take the Financial Peace University class, see what you get out of that and adjust your financial plan. Maybe recommenced it to your family but I'd not take it with them, they may be too distracting and pull you off course. When substance users go to a program to detox they are not allowed to go with their spouse as often, one of them will sabotage the other's recovery for whatever reason. This can happen with a financial life, too. I applaud you being on this YT channel and hope you continue making the baby steps in the right direction, every single day.

[@adfmo2195]

My rent increased 61%… from $745-1200 for a 2/1. This is happening all over the place.

[@Jake-go8pz]

Yep, and try to be a landlord someday Professor.....increases in insurance, property taxes, lawyers fees, property management fees, repairs, cleaning, etc. If life were so simple...."My rent is going up just because the landlord wants more money".

[@dpayne1943]

@@Jake-go8pz It is not 61%. If it were, you would have been a fool to buy as these increases will not hold with the continued inflation and the coming recession. No one would deny that the rent will increase if costs increase.

[@christians131]

I’d like to see studies on the effects of the eviction moratorium one day. Landlords are likely going to be far more strict in their vetting from here on out

[@waterheaterservices]

@@genxx2724 Good points

[@yoyogang75]

They already are they want you to make 2.5-3x the rent.

[@benjones621]

I work as a housing director for the voucher program and it's getting increasingly difficult to qualify people. The rents in my area have gone up dramatically and even with assistance people can't meet the 30-40% of their income threshold.

[@k.alvarado6237]

Where do You live ??

[@AC-qo8oq]

It’s pushing them out of the cities.

[@youtubificationizer]

Alternatively, we can eat the rich

[@stringerbell1702]

I work in that sector also. It's crazy how people are receiving assistance for housing, but are too lazy to look for housing in their free no working day.

[@jtowensbyiii6018]

@@genxx2724 ya how dare a child get to eat today

[@kevineusebio]

Mine increased 30% in Jacksonville, FL. Freaking insane.

[@friendmaker9210]

Dave isn't taking account of gas prices here. If there's a lower rent but it's far away from the job, you might lose even more due to higher gas prices!

[@MattLaine]

Did she not say she was working from home?

[@benvarela4472]

@@MattLaine She did YES

[@skipdegraff6547]

She works at home

[@staceystrukel1917]

He also said 10-15 minutes further. If you think that would cost more than a $600 hike in rent than you are really bad at math.

[@toeachitsown2050]

Or youre renting an old house with only oil heat like us in cold weather. I think we spent $2500 on oil so far

[@pdennis93]

My rent is now over 100% of income in Florida. It has almost doubled in 10 years. I live in one of the worst areas in Lehigh Acres, east of Fort Myers and my rent is now $1100/mo. It was $595 from 2011-2013.

[@hubertcumberdale2651]

I despise Fort Myers. On the other hand, Sarasota is awesome.

[@timothygibney159]

You have it lucky. In Houston it's gone $2000 a month for a 1 bedroom

[@doubleAIII]

Dave's so far removed from what normal people go through... Yes Dave, a majority of the countries renters will experience a significant increase to their rent payment.

[@alp.9672]

Dude is for sure far removed from normal people, I watch this show for entertainment at this point.

[@earitch5856]

Soooo true. I love Dave, principally, but he's totally out of touch with "normal" people in the climate today. I've also found that many of his financial principles are based on people are financially illiterate. You CAN borrow money to accomplish a goal, if you know what you're doing.

[@JohnDoe-gc1kt]

@@earitch5856 I agree but its easier to assume everyone is an idiot.

[@jutde]

Yeah, he totally hasn’t gone through situations exactly like this several times before in the 30+ years he’s been helping people win with money by teaching them how to be smart with money with proven principles and has created more millionaires than probably all other financial help people ever. Totally out of touch.

[@barnabusdoyle4930]

With the big companies coming in to buy as much residential property as possible, people who rent are going to find a hydra monopoly where these companies will set whatever price they want for their rentals because they own everything. Buy a house if you can get into it or face this kind of situation all over the country. At the same time, ridiculous rents are unsustainable and will empty big cities even faster

[@Erutan409]

There's no escaping it at this point.

[@unfairsanic5089]

If there is rent that expensive, they will always a rent that is cheap as long as that monthly payment is not the same as a morgage

[@Erutan409]

@@unfairsanic5089 My rent is $1.3K. It's a gift compared to most rentals in this area. $2K+ and considered to be reasonable. It's going to keep going up. Nothing will stop it. Good hearted people still need money to keep themselves afloat.

[@jordyjustine]

@@unfairsanic5089 At this rate finding a home with a lower mortgage payment than an apartment's rent is where its at. Later you can sell the home and recoup much if not all or even more than what the accumulation of your payments were. Either that or you could rent out the house. Offering a mere 50 bucks less than everyone else, it will always be rented out. Its 2030, you own nothing and you're happy. -WEF

[@giveme10feet]

@@Erutan409 r u in Miami too?

[@ProChaos514]

Ramseys 25% plan doesn't work when hyperinflation is at play. I make 60k+ bonus and for me to buy a normal house would cost over half my income. The average house shouldn't cost more than the average income.

[@deadcell1]

Just imagine if you made $30k.

[@ProChaos514]

@@deadcell1 I did, three years ago.

[@darinherrick9224]

You're lucky. To buy a house would cost 5-10X my income. Also, this is NOT hyperinflation. In fact it's not inflation at all. It's price gouging by mega corporations.

[@Caliabra]

Yeah his rules applied 30 years ago…it’s not very practical now. I think the advice is - just don’t buy and be ok with that. His 25% take home for 15 years is extremely difficult in many parts of the country …so he is really hamstringing people from ever buying. I think he would just say move and don’t live in. California or NY…idk

[@compass_Matt]

These two have no idea what to tell people. There is no solution to navigating a failing currency soon to face real hyperinflation.

[@evasionstudiosco]

As someone who has dealt with a price hike in rent recently - I was surprised to not hear an option that I used. I wrote back to my property management company and contested the price hike. I cited my excellent tenant status, my length of time here at the property, and my willingness to stay here to keep that good relationship intact. I also offered options on how to lessen that price hike based on those terms. It only bought me a $25 decrease, but it was still something.

[@redd7188]

Dave Ramsey has done a great service and I like his show. The problem is he can be so stubborn and smug that he misses opportunities to give out good advice like you just did. He really needs to humble himself sometimes.

[@ohmylanta9973]

I live in Topeka Kansas and the landlord well property Management throughout that letter I did the same thing all they care about is money

[@lesliesmith7168]

I tried this a couple years ago and they wouldn't accept. Two weeks after I moved out, there was someone else living in it.

[@yaydog2702]

$25 is not much when rent is $2k a month

[@evasionstudiosco]

@@lesliesmith7168 Of course if there are people willing and able to pay more, greed can often overwrite loyalty, and a good track record.

[@oldfordman68]

If you go month to month they only need 20-30 days notice to evict you.

[@nicholeknight1893]

She has no rights with month to month

[@ericcampbell4526]

Prices in Florida are choking us

[@ZeducationTyler]

Sadly, probably going higher

[@D.Wagner2]

This is literally the poster child for why you should own. Nobody can raise the rent on you. She makes $70k a year for God sakes.

[@GenerationX1984]

Everybody who calls into the show makes more money than I do. (Sigh)

[@quickgirl80]

The fact that we know WHY this is happening & WHO is doing this makes it even more disturbing that no one is doing anything about it. Instead we sensationalize these “news stories” about the insane rent increases & pretend this is all coming out of nowhere.

[@bigfoot2547]

Yes the third time the world gets to experience the german dream. You would think after the first two times they would have quit but i guess we all get to experience it again. Klaus must really be holding onto the old saying “third times the charm”

[@hankscorpio6111]

@@bigfoot2547 Aren't you happier yet?

[@jilldiaz7592]

I live in Jupiter Florida and everything has gone up so dramatically. The apartment I was renting for $1500 is now going from $2500. I couldn’t afford that and had to move in with my boyfriend. Besides my full time job, I work part time for someone who owns a bunch of rental properties. Yes, property taxes and insurance have gone up but not that dramatically. This is just downright greed on the part of the landlords. They see everyone else getting that much money and they jump on the bandwagon. Very sad.

[@MelywoodMedia]

Should have bought property

[@jdstep97]

Wow. I now feel blessed in my rinky-dink home. I couldn't afford much, but it was a good deal in 2008, during the housing crisis. I might be in the same situation as her. Folks in my area are being priced out; rents keeping going up. Mortgage stays the same.

[@dsky93]

Same here! Grateful 🙏

[@eckankar7756]

My house isn't all that but it's paid for and I'm staying here till I rot. I used to plan to retire, sell the house and live in an RV...now...oh heck no. I did buy a van and converted it into a cozy lite RV for extended weekend trips, but I'll never sell my house.

[@benjaminbowers421]

Nothing to rent in FL. Everything is 1500 and up a month.

[@Taller-yl9yn]

Jacksonville, Orange Park area still has $1300 a month rents

[@chrism70283]

People get their lease renewal notice and never seem to consider the option of negotiating the new rate. When I was a renter I always negotiated, make the terms favorable for the landlord, say hey I’m a great renter, I always pay on time, I’ve lived here for X number of years, I’ll even do a 2 year lease if that means I can lock in a better rent amount. It can be favorable for the landlord to keep a long term renter than to keep getting a new one every 12 months because there is cost involved with preparing the space after one leaves and a new one is coming in.

[@travisb9130]

I've never rented but that's what I was thinking also. I'd rather keep a good tenant in there that doesn't destroy the place and make a few hundred less a month rather than chance making more but getting a bad renter or getting the place destroyed.

[@greenfly0917]

If you're renting from a family or local landlord, sure you can attempt to negotiate. I know someone who negotiated during the pandemic in LA of all places. But if you're renting from a corporation, they don't negotiate.

[@jeromehenry4484]

@@greenfly0917 A corporation can be sued for "disparate treatment", in this case getting favorable treatment in rent price.

[@greenfly0917]

@@jeromehenry4484 So then you proved my point.

[@4islandbeauty]

I tried that where I lived they didn't budge rent increased by almost 20%. Time to move out of CA

[@claudiaf.8190]

Dave, There is definitely something wrong with the rental prices. They(slum lords) are definitely crooking this lady and the rest of us. Also, all the advice y'all provided in this video is awful. Find a garage apartment to rent out from a sweet old lady? Find another source of income? 🤢 This lady is following your steps and can no longer sustain on your beans and rice baby steps or whatever it is you call it. Yes, you are better than what you deserve. If you really want justice and your followers to succeed, revise your baby steps plan and be the champion for these people that you fancy yourself to be. Speak up on all the price gouging that is going on!

[@jendiaz4718]

I live in Tampa and my rent just went up to $2501. I wanna know where she lives at $1700. And she’s making good money for Tampa right now. She’s not going to find anything cheaper.

[@michaelcarter266]

God that is such a good point at the end. Renting really is glorified camping it really is. I rented for a little over two years had very little in my apartment, mattress on the floor, no furniture because I knew I was 3rd floor and going have to eventually move it all in the near future.

[@genxx2724]

Yep. When I rented for a year I only bought counter stools. I did without a dinette set. I put minimal furniture in, and kept everything in storage or got rid of it.

[@genxx2724]

Yep. When I rented for a year I only bought counter stools. I did without a dinette set. I put minimal furniture in, and kept everything in storage or got rid of it. I didn’t put up any pictures. Not a scuff or nail hole anywhere when I left.

[@treypelham5515]

Move to a smaller, crappier place than get a roommate. Roommates distract you from your goals. And it’s just not the roommate, it’s their life moving into your world. Put your expensive items in a secure storage unit and rent a cheap apartment for a year.

[@TheFawnbradfield]

I took real estate economics in university. What Dave is talking about is called the "Bid-Rent Curve" the further out from a city center the less the cost of housing. HOWEVER what he did not mention is that typically when you add the cost of fuel/time from an increased commute you actually end up around the same $$ invested. With gas prices the way they are please make sure you add into your calculations the increased cost of fuel, possible increased car servicing etc. from the commute so you are making an apples to apples comparison of costs. I would hate for someone to move out further and actually end up net less.

[@llcross04]

It really works for remote workers

[@jamesjodon7038]

You can do it if it’s a work from home job

[@marcos223ful]

@@jamesjodon7038 thats the main problem at stake here...i love WFH but if going in office mandatory saves me $400 off my rent then 🤷🏾‍♂️

[@crzyruskie86]

She works from home

[@ConceptHut]

Thanks for the name and thoughts.

[@divemanred]

If this person goes month to month the landlord could raise the rent every month

[@MaurElle11]

Or give a month notice to move.

[@yaydog2702]

60% increase on anything is not normal stop it

[@Msalike]

Dave: “This rent boy it is something else” Me: Facts 🤦🏽‍♀️

[@mirabella2154]

1700 USD is crazy. Would never agree to that.

[@bettysmith4527]

Around my area the average rent for a two bedroom apartment is 2200, and that's for a smaller one. My SFH cost me 1630 mortgage and taxes, much better option for me, and I am thankful that I got it before the house prices went nuts!

[@bettysmith4527]

@@ryanholiday4266 yup.. that's the norm. I think this woman got to comfortable and now she is shell shocked with what a normal rent costs.

[@MaurElle11]

1900 on up is min rent now in greedy Florida. Lowest wages and salaries

[@lucaspm98]

@@MaurElle11 demand is up drastically with people moving to the state, and supply will lag behind by years because building takes time. Basic economics is not greedy.

[@grantv2313]

So many parts of the country $1700/month gets you a mansion.

[@NewLifestyleMentor]

There should be rules (or laws) against that kind of increase!

[@vasaguy7624]

Weird they do in California and everyone is still leaving…

[@staceystrukel1917]

@@vasaguy7624 what is the intelligence in your comment?

[@abarbar06]

I agree something must be done, but rent control doesn't work. Shifting the tax base to land value taxes is the right solution

[@foreverever9001]

Rules to prevent the greedy from capitalizing? Lol no way

[@yateswebb]

There are in cities like nyc I believe. Very tenant friendly there.