'Puts me on the street': Americans forced out of homes as rents skyrocket

[@David-sn9lq]

Finally covering something that matters for the working class.

[@SarahsAtticOfTreasures]

I agree.

[@jpminj5746]

CNN hates the workin class. The current working class will be replaced by all the new illegal immigrants

[@t.r.campbell6585]

I remember very distinctly when former President Obama addressed members of our union base and told them at the time that the jobs and the investments would not return to the United States and the economy we were seeing then it was the new normal. We learned that was not the truth and with our previous administration we gained a super charged economy that has now fallen by the wayside with the Biden economy. We were given the roadmap for economic in energy prosperity and Joe has failed to open that roadmap.

[@janradtke8318]

@@t.r.campbell6585 Educate yourself abut the economic growth during the Obama/Trump years. You will be surprised as soon as you start dealing in facts.

[@kathyweis7451]

@@janradtke8318 TR is a insignificunt troll

[@jennyjenny4501]

I have a rental and haven’t raised my rent in 4 years. A single mother of two who lives there hasn’t been late with her rent once.

[@johnlennon3460]

So according to you there is no housing crisis got it

[@burburclemm8390]

@@johnlennon3460 no they are saying how they haven’t raised it on her and how she’s an on time payer still through the pandemic.

[@JeffreyGoddin]

@@johnlennon3460 Or, she's saying the problem is with management and scale of organization, see? Please change your username, Lennon had much more vision than you.

[@jennyjenny4501]

@@johnlennon3460 I could get much more, but I don’t have the heart to. I know she can’t afford it right now.

[@roberthollingsworth8940]

@@johnlennon3460 no they're saying that a large number of property owners are greedy and heartless.

[@NicoleM2108]

As a landlord, I can say...a tenant that lasted 22 years and kept the place immaculate is worth their weight in gold. This landlord is foolish.

[@AssBlasster]

The new landlord is probably some investor firm now who could care less.

[@chicago-l9125]

I kinda agree with you on your comment. I personally had to move from a former location because the landlord decided that he would up my rent by 42% after living in the unit for 4 years. And I did my level best to take care of it as if it were my very own, which made things much easier on him. However, when I found out his intent, I moved into a family owned condo that was equally as comfortable although it was a tad higher than what I had been paying for the past 4 years. When I served that landlord my 30-day notice, he was not happy to say the least. Why? Because, by his own admission, he had "just lost a good tenant". And a "damn good one" at that. It has now been nearly 2 years since I left that property. Until this day he has not been successful in getting that unit, as nice as it is, filled by a decent tenant.

[@caroletta451]

@@chicago-l9125 I have to say, it serves him right!

[@virginiaf.5764]

New owners of a house I rented for 10 years wanted me to stay, but at the same time they raise the rent by 30%. See ya.

[@infiniti37G]

We evicted many lowlifes who thought they owned the building. They thought Filing complaints on us would save them. NO, YOUR EVICTED. We were laughing at the end

[@stefnotfound]

I feel like 80% of the country is going through this!! Ive noticed recently talking about this makes my blood boil!!! It should be illegal to raise rent as much as they do without the income raising to support it!! SOMETHING NEEDS TO BE DONE! at this point millions could be homeless because of greedy people taking advantage of putting a roof over peoples heads!!! So sick.

[@WhatIsThis-zq4hk]

Efficient markets prevent people from being greedy. There are not enough rental units in places that people want to live, so prices go up. We need more supply to keep up with demand. We need less restrictive zoning laws that limit the supply of housing.

[@yslgyal4873]

@Anni Runaway this is literally an economics issue. Stop politicizing EVERYTHING. This is why there’s never any progress in the US lately. Both parties are screwing us over, get real.

[@lisagardner903]

If you force landlords to cap their rents they will not renew your lease and then sell the house. There is no money in being a landlord.

[@kylemonkiewicz2803]

@@WhatIsThis-zq4hk the high demand is artificial created there doing it on purpose so we have to take a worse deal. Homeless justified high prices lots of competition fuels greed

[@geraldboykin6159]

I wish you were around in the 60s & 70s!

[@melanieholstra4397]

People's income never increases at these rates!!This should be illegal!

[@Swagalious689]

Property taxes are the problem. Landlords are paying more for the properties so they charge higher rents to stay profitable.

[@volumerw]

Property taxes didn't jump 20%

[@smilent1241]

@@volumerw property tax went up 40 porcent.

[@kyleklmondwa9042]

Yea well women being able to murder their unborn babies in abortion clinics "should be illegal"! also, welcome to the clown show.

[@21gonza21]

Buy your own property then

[@DivasHouse]

This whole housing market is going to come crashing down. There's no reason to raise rent this damn high on anyone. Just ridiculous.

[@Upper-cr1kh]

You do realize property taxes went up. So now when property tax goes up the rent goes up right behind it. You are a prime example of why school choice needs to pass 💯. One more thing all this is happening under Democrat leadership

[@kennethbranson4711]

There is an excellent reason. They are trying to outpace inflation.

[@kensmechanicalaffair]

No, it's to get you to gently understand the economy is fucked..so find out how to be homeless....And to those ones on the hill that think shit sweet, you can stay that way...

[@Koushi82]

@@kensmechanicalaffair ca van life already teaching college kids

[@suspiciouswatermelon7639]

@@kennethbranson4711 Seriously... all the lazy people sitting home collecting stimulus checks has caused runaway inflation. You cant print money and give it away forever.. what did people think would happen??

[@theoneandonly1802]

I live in Orlando FL and I can confirm that rent prices are being catapulted to insanity and beyond. My rent went up from $1,650 in 2021 to $2,100 in 2022 and I strongly believe it will go even higher in 2023. On top of that gas prices went up, food went up and yet my salary stays exactly the same.

[@gary9933]

I remember living there and never paying more than $850 a month. Granted that was over 10 years ago.

[@zuzanazuscinova5209]

You gotta switch jobs

[@dianebaugher3919]

Our mortgage is only $750 a month, crazy how buying a house is more affordable than renting.

[@believeroftheword4627]

My entire mortgage is $849 a month. I could have triple the house for what you pay in rent. 😱

[@joereality1664]

No shit.. pple keep moving to the state in droves pushing demand up. Combine that with Bidens ridiculously high inflation and you are fucked. Smartest thing I ever done was spend everything I had to buy whatever fixer upper I could afford back in 2017 as even back then rent was rising 100$ a month each year.

[@freedomfan]

I own a few properties in Iowa and one in Pensacola FL. Never raised rent on a tenant or charged for application fees or late fees. Always gave the full deposit back. I try to not stress people financially especially if they are college students or have kids. In return the leave my property in better shape than I gave it to them. I could have made a few thousands more squeezing every penny out of them, but the sense of reward I get by treating them like humans is priceless to me.

[@jeanierussell201]

God bless you for doing this.

[@xko8207]

You're a good person. Thanks for treating your tenants like people. 👍

[@David24476]

God bless you for that.

[@tytraulich4987]

Council housing ftw

[@islip376]

God bless you.

[@stephenrickstrew7237]

We also have a record number of homes being owned by overseas corporations…and big banks …

[@TheBestLife2184]

Our whole system is a scam designed to make it so the non-Christians of the world can live off the American people. All non-Christian nations end up in poverty and dictatorship except when helped by Christians. --- Non-Christians are in the process of destroying America too.

[@4200timeB]

You are correct

[@Raydensheraj]

It's also US corps that run their business like Trump... provide zero services but up the rent every couple months.

[@rufiorufioo]

Yeah my father bought a house 17 years ago and he called them and he couldn't even understand them.. they were from India. My father lives in Cochranville, Pennsylvania in the farmlands... It's wild stuff.

[@LeviathanLee]

That's because counties sold the subpar dwellings they took from the slum lords. The problem is the slum lords who are now raising rents. The units bought by corporate overall haven't been repaired and put back on the market yet. Less than 10% nationwide.

[@adamfitz1102]

In 2017 house was bought for 176k. Now it's worth 435k. 5 years later. It's absolutely insane. Half a million for a home. For people making less than 90k a year this is not possible.

[@ВладимирПутин-э6ч]

Zelensky is a brain burner!(Правдивое видео):... kzbin.info/www/bejne/mXK0qYOJrLJnnpI

[@7XHARDER]

Try 15k-30k a year, that’s gonna make up the majority of most people around the south

[@billrobbins5874]

What is really going on? Corruption at an all time high.

[@j.m.9703]

@@7XHARDER They need a better job to be able to buy a house.

[@robertrusnak620]

That living wage is awesome isn’t it?

[@MethosTR]

Using housing solely as a monetary investment to flip for profit is honestly insane and irresponsible. The greed knows no bounds. It should be made illegal for corporations to buy single family homes across the country. Faceless corporate landlords just see the profits and in order to pursue those profits, they continue raising the rent. Raising it with no mind of the tenant, even if the tenant has been exemplary. It is evil and reprehensible.

[@gfab1025]

BAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!! THAT'S ME!!

[@mason4966]

@@gfab1025 Excellent counter argument???

[@gfab1025]

@@mason4966 , There was nothing counter argument about it. Just stated a fact. That's me. HA!

[@schen7913]

It's a monopoly. Landlords want housing to be scarce. Everyone needs a house. So landlords get to loan housing at high interest rates (rent), and no one can do anything. These are just predatory loans, folks. Exploiting the needs of the poor, by building a monopoly on the land.

[@johnnyb7628]

I agree with this. These corporate landlords are out of control.

[@latyshal.2286]

This is a real problem in the U.S. I had to jump through loops, scale mountains, and walk through valleys searching for affordable housing. It was exhausting, but I finally found something that works for my monthly net income. Praying that everyone who's facing these high rental increases will be able to do the same.

[@NazriB]

Lies again? HDB Porn

[@sethborne]

Disposable income is your income left after paying living expenses including rent.

[@markspark3360]

If American can deal with ever increasing welfare then you should deal with rent increases …. America can’t have its cake and eat it too

[@skontheroad]

Disposable income? Is it a second rental? If it is primary housing, it is part of a necessary line item for your monthly budget. It is not disposable (by any means).

[@dimitpap2947]

A good idea, as long as you calculate gasoline costs as well driving hours to work destination.

[@THMILLER]

The low paying jobs in the US is also a huge problem as well, Americans are getting paid as if it is 1998. I literally had to leave to Europe to have a much much better paying job, plus universal healthcare, and free college. The USA is not for the non-rich

[@pearlperlitavenegas2023]

"free college" = paid for by tax payers NOTHING is "free"

[@dianebaugher3919]

Jobs are actually paying more now due to shortage of workers, but not enough to afford a decent place to live.

[@robertsmith5306]

Well I'm glad you are doing better. Is the rent compared to how much 💰 you make better than the USA

[@jjuanmarin]

everywhere is the same imagine real poor countries third world countries how hard life is for people

[@nadianorman2274]

@THOMAS MILLER Your taxes should be very high with universal healthcare and it's thanks to the U.S. that was paying exponentially more to keep your country a sovereign nation that your country can afford to give its citizens universal healthcare.

[@joekev27]

They say they can't raise wages because that would put to much of a burden on company owners but landlords can raise their rent with zero concern for renters.

[@zuzanazuscinova5209]

Employees are cost, renters income

[@dominicgrogan5909]

If I own a company why should I be told how much I should pay someone. If you don’t want to work for the pay being offered go somewhere else. If you can’t pay the rent move

[@edthelazyboy]

@@dominicgrogan5909 If you own a company with this attitude, don't complain if your workers quit. They quit since they either have to move away or they found better paying jobs.

[@KingTriton1837]

@@edthelazyboy 👏🏾👏🏾👏🏾👏🏾👏🏾

[@dancingkitty11]

Because heating oil, natural gas, electricity and have been remaining cheap. Totally not the landlord's problem. If you used it pay for it.

[@jaydenp4975]

It shouldn’t be so hard to purchase a home. The pandemic has damaged peoples credit scores so they can’t qualify to purchase a home. Instead they pay rent on time and end up on the street. Sickening.

[@heronpage3883]

That's not it at all. This isn't about people's credit having been wrecked. This is about not enough houses having been built because the recession put a lot of developers out of business. But also, millennials have suddenly decided they want to buy homes. And many of them had actually been living with parents or other relatives for years but now are getting their own place because they're having kids. So we've been headed for an enormous housing shortfall for about a decade. But one of the worst offenders is investment groups buying up properties by the tens of thousands in many States.. A lot of them they rent out and they are doubling the rent. Because they're so wealthy if they don't get a renter that can afford it right away, they can wait a while. Small landlords are are more logical and rent to a good person with good credit who will stay a long time. Investment groups who own all these properties, they don't care at all. They don't care if people come and go. They actually make money off of that because they refuse to give people their deposits back You know almost every case. Because the groups are so wealthy, they have legions of lawyers standing by to sue people who demand their money back. And then they put it on their record that the person is a lousy renter which means no one will rent to that person in the future, everyone who has ever been a tenant is scared to death they will get a mark like that on their credit periodown there credit. There should be laws that investment groups can't buy residential properties. Especially foreign investor groups. Why the fuck should we have Americans thrown out on the street because some asshole billionaire in China, Germany, or wherever the fuck Wants to take over American property and make America's homeless.

[@ferhierro8123]

Pandemic fault? For credit? Who put a gun on your head and force you not to pay your bills,? You Who ask for help? You Who made bad decisions all their life and that's why is renting? You Good and bad landlords? Fuck that there is only successful people or not. Get your shit together and make it. You are in America. You are in this situation bc of you. Keep voting blue.... and enjoy cnn

[@nickmoser1866]

@@heronpage3883 literally one of the first things Biden did after he was sworn in was sign an executive order allowing foreign parties to buy American property 🙃

[@lalaslemon]

You're exactly right.

[@JanetLewis10]

You are absolutely right.. it has everything to do with CREDIT..!!!!

[@anaispersephone6041]

I nearly went into a panic attack the other day after looking at apartments and townhouses and not having any luck. And now they want you to make 3 times or 5 times monthly rent...like I was crying at the end of the day.

[@SimpleLifeAlways81]

It’s bad.

[@williamrothschildakatheman8980]

Yeah it's nasty. Out here

[@stefnotfound]

yeah its been really depressing, it honestly so much worst here in New york as well. Even though its known for its high rent issue its getting to the point that a small 400 sqft studio is 3k. How do they expect people to have roommates when there is no room?!

[@dm-jf5uu]

I ended up renting a room its very bad

[@MJ-gj6mj]

Yeah a lot of people are looking into shared housing situations. It's just the best option with the gas and food prices in addition to the rent increases.

[@KAD916]

This has nothing to do with inflation. It's corporate greed. Corporations are buying up houses as rental properties. The reason for the shortage in houses for purchase and the increase in rent.

[@jmcnally647]

Also need to hold politicians accountable for raising taxes. It's unfathomable to me that it's okay to shut down the economy then open it back up and immediately charge higher rates.

[@troycote4503]

Klaus Schwab writer of Great Reset COVID-19 said, We'll own nothing and like it!

[@future1670]

No, actually buying power is now increasing among people as both genders work

[@trappedinamerica7740]

@@future1670 you act like women just started working. Two incomes is no longer optional, it hasn’t been for a very long time and we are unable to raise our own children.

[@future1670]

@@trappedinamerica7740 that's right,but people's net worth have also increased in this period so keep in mind that when we buy house salary is not the only factor, there are many other factors that come to play.

[@Deadlybroom]

People are greedy. Raised our rent 59% when the building owner passed away and the kids took over. We had to move, and so did almost everybody who was in the building which was a 34 unit building. So aggravating to watch this happen coming out of the pandemic when things are supposed to “get back to normal.”

[@sobeliever1638]

That is awful,the greed is real.

[@VortexVisionary]

Its because of Russia

[@smilent1241]

Property tax went up 40 porcent

[@bonbonvegabon]

@@smilent1241 no it didnt renter

[@arturogarcia9946]

Van life save money to buy a tiny house 30.000$ eazy case close no need to soport renters fuck them

[@josephking8551]

Life just keeps getting tougher and tougher with no end in sight 😟

[@bighoney7955]

A veteran who fought for this country and have to go thru this is a slap in the face.

[@jerrypapi80]

And let’s give the cop 👮‍♀️ somevraise

[@aqua_finessa6030]

Exactly can't even afford to live on the land their willing to die over

[@BashoStrikes]

They don't care about veterans in the very least. These folks are vampires.

[@joeschmoe3914]

"fought for me"? Who fought for me? I never asked anyone to kill anyone. Thou shall not kill. I fight for peace.

[@BashoStrikes]

@@joeschmoe3914 Bravo.

[@wheresyouraloha]

This is an American problem, they’ve been doing this to us in Hawaii for years, and I just pray for all the people out there who have nowhere to live 💔 It’s so inexcusable that we are supposedly the wealthiest nation on the planet and people are forced to live in the streets in the US of A

[@fahmicabdi124]

I need a job please call me

[@allaboutperspective650]

As long as you have enough money the USA is great, not rich it's a shithole country.

[@jennis4018]

It’s global. Real estate is a commodity for the rich.

[@stephenhatt742]

@@jennis4018 Yup we're the same here in Canada ..... Zoe

[@jayyearwood4587]

Chalk it up to vile greed. They charge it because they believe they can get it. Time for a nationwide rental revolt.

[@Bernman100]

It’s disgusting that people take advantage of other people like this. This is the biggest problem with the real estate market. Everyone glorifies the business aspect and ignores the effects that rising prices have on society.

[@jasonphilips4731]

I agree. It's similar to the eviction moratorium that favors the tenants. Plus with all the stimulus money being thrown around and most tenants still didn't pay rent. I guess this is the after effects.

[@botaccount3449]

@@jasonphilips4731 do we live in a feast or famine society? Seems extreme policy is all we know.

[@stanleyhape8427]

Combo of people not paying rent , increasing property tax and booming real estate market.

[@3joewj]

Rising prices creates equity and increased net worth for owners.

[@youtubesucks1499]

Why are you entitled to someone else's property?

[@MRSketch09]

This is what happens when you have "Holding groups" & "investment groups" like blackrock, buying up property & then renting it out.. it's f**king ridiculous.

[@TheGeosto]

I rent out a small guest house . I wouldn’t THINK of raising rent any more than 5-7% in a year, if at all. These 100% increases SHOULD be illegal.

[@ВладимирПутин-э6ч]

Zelensky is a brain burner!(Правдивое видео):.. kzbin.info/www/bejne/mXK0qYOJrLJnnpI

[@factsnotfeelings3247]

In usa the minimum wage can be as low as $7.15 an hour in some States. If you rent is $1000 a month for a 1 bedroom. Do the math.You will not be able to afford Rent, food, let alone have a girlfriend or wife and kids. A totally failed Country!

[@Smoke-by-the-Shadow]

The house my family used to rent went from $750 a month to $1,600 and we got forced out last year.

[@BigWillsGymREAL]

@@Smoke-by-the-Shadow Bidens america! You voted for it, I don't feel sorry for you one bit.

[@fredfolson5355]

@@BigWillsGymREAL Partisanship aside, this has nothing to do with the federal government. Each state has the freedom to set laws that meets their constituents' requirements. The problem is greed by the owners of these properties who see an opportunity to raise their rents, so they're doing so. And with no regulations in place to prevent it (either at the state or federal level), they will continue to do what they're doing. What would be interesting to know is the number of these property owners who have adjustable rate mortgages (or mortgages at all) against the number who are raising the rent on their tenants. The local governments set the real estate tax rates in Florida, so again this has nothing to do with the federal government. It starts with DeSantis and flows down to the local municipalities.

[@fancyflower3298]

I remember this being a problem for a long time and when people complained all they would have is “move to a less expensive state”. What do you say now to people who can’t afford a place to live anywhere in the country?

[@judahsoremy9857]

Anywhere in the world.

[@judahsoremy9857]

Your satanist, pedophile politician/actors are hard at work ensuring that nobody can survive unless they take the mark of the beast that corroborates with the "new" digitized, social credit system they're ushering in.

[@melissahuffman8083]

Rural Nebraska has cheap rent...one can ride to the grain silo on Saturday nights and set off fire crackers. No jobs though.

[@AssBlasster]

It's still cheap in small town Idaho (

[@laptopdragon]

Next up... United States middle class invading Mexico for affordable rent.

[@Marryjanesbud]

Imagine living somewhere for 22 years & your rent goes up 106%. Now imagine that it’s illegal to have rent control. Welcome to a red state.

[@seriejohnson698]

Thank you

[@jesse_-]

Rent control discourages investors from buying homes that they turn into rentals. It encourages landlords to sell their investment properties off to homeowners. That lowers rental inventories, and increases demand. That encourages a subletting black market. What’s to stop investors from renting rent controlled apartments, and renting them for more? Rent control doesn’t work for the long term. It’s a bandaid on a gushing wound. The states with the most expensive housing, where building doesn’t keep up are blue states. They cry affordable housing, but do everything to prevent it. It’s a dog and pony show. Just look to California as an example. You can thank the government for rent increases. They screwed landlords with eviction moratoriums, and now those landlords not only to make up their loses, but they are definitely building reserves for future moratoriums. See what happens when the government has too much power. Anyone that is a democrat these days is pro-establishment, and it’s very troubling. They think the government is going to save them, but the long term effect is a screw job.

[@calvinmcbride8562]

Well you could try out one of the blue with poop on the street states

[@johburale4991]

Republicans are there for the wealthy and bilioniors to represent them, poor people chase their houses is what Republicans want.

[@jesse_-]

@@johburale4991 that’s what the democrats told you, and you bought into that nonsense. All high level politicians, including democrats have to do good for the wealthy and the corporations, otherwise they’d never get the funding to win elections.

[@MiamiPush2theLimit]

Currently living in my car because I refuse to pay these high rents.

[@KlepacMovies]

You must be able to lie all the way down. What do you do about showers, food?

[@MiamiPush2theLimit]

@@KlepacMovies showers at the gym. I eat just fine. I recline my drivers seat and do the best I can with sleeping.

[@vjonas397]

My friend owns several rental units. Raised rent big time, just because she could. Total rent gouging. Very disappointing to see them take advantage of the situation.

[@LindaC616]

Have you told her so?

[@IamBigManTyrone]

@Trisha Eaten-Cox You shouldn’t even be allowed to own several rental units, how much money is enough for some people?

[@musicdirector8661]

@Trisha Eaten-Cox Wait until you are priced out of the market. Will you be singing the same tune?

[@vjonas397]

@@LindaC616 no, I’m a coward.

[@vjonas397]

@Trisha Eaten-Cox very true

[@bizzmoneyb]

yup.. i live in South Florida, and a 1 bedroom apartment that was $900 2 years ago is now $1,500!! it’s insane! even in bad neighborhoods the prices are idiotic. everyone does realize that wages have been the same for like 15 years, right?!

[@Sammy-il1qf]

Yeah, and it's not like interest rates rose, so they aren't paying more on their mortgage! They will probably raise it again once rates rise.

[@TommyGator92]

It is simple supply and demand. We have record amounts of people moving to South Florida every day and there are not enough rentals for everyone. There are bidding wars for good rentals driving up rents for everyone.

[@pamelalima5401]

Soon there’ll be more criminals than ever

[@pamelalima5401]

@@TommyGator92 I live in south florida I see s lot of empty properties because nobody can give the whole monthly income just in rent…

[@judahsoremy9857]

@@pamelalima5401 LOL! Florida is nothing but illegal immigrants and criminals already, LOL!

[@foulcakes]

We live in Miami. We rent a small 1 bed 1 bath apartment, built in the 50s. Old carpet, wall unit AC, no dishwasher, no w/d.. it’s sparse on luxury to say the least. We’ve been paying 1400. Our rent just increased to 2000. Nothing changed, no maintenance, the home wasn’t sold, just a 40% increase overnight. We’re moving out of state because as students we truly can’t afford to live here anymore. I should add, we’ve been perfect tenants. Haven’t asked for maintenance once, we’ve helped with maintenance ourselves and recaulked the bathroom, replaced doorknobs, small stuff like that, and paid our rent exactly on time without fuss every month.

[@Landshark2020]

Good luck on your search.

[@freda2758]

And how's your voting record?

[@pinkiesue849]

$2000 for a one bedroom apartment. Is the Yankee dollar officially broken or what?

[@briannaevans6977]

@@pinkiesue849 Canada too

[@axelfoley7696]

@@briannaevans6977 In germany not even Munich, Heidelberg, Tübingen ( oldest study-towns ) or Hamburg ist that much ... and we are talking about the worth of 400 000 € to 500 000 € apartments. I do not believe the inflation stays at 7 % or even 5 % efectivly, but that is always the excuse from landlords.

[@rhondaunger1228]

I was a leasing consultant and I remember them talking about how high the rents were going to go up and they were saying that people were going to have to have roommates in order to afford their rent which is stupid to me I think that the brakes need to be put on the rental community it should not be allowed

[@Rnankn]

It is because real estate has become a financial market, not a housing stock. People speculate on prices, making house from homes into banks, now into casinos. And investment companies exploit this appreciation by acquiring houses and turning them into a REIT (investment trust) to list on financial markets for wealthy investors to get “safe” passive income through regular yield. The higher the rent, the more the yield and the higher the stock price. And by consequence, all housing goes up in price. And they don’t have to worry because the Fed is sensitive to mortgage rates. It is literally regressive, charging the poorest the most, to give the wealthiest a steady stream of stable income. Housing is a right, not a market. This is one of the reasons why capitalism fails.

[@starlightbarking9495]

That’s exactly what my neighbour had to do, her rent recently went up by $200 (US$130) a week with 2 weeks notice, here in New Zealand.

[@TheBestLife2184]

@@Rnankn ----------- Biden is highly connected to Blackrock. Blackrock is a 9 trillion $ corporation buying up homes over asking price so people can't afford homes. It's all part of the evil new world order plan. ----- As Dr. Phil would say, how's that atheism workin out for ya America?

[@libertine5606]

@@Rnankn This is where Radical Republicans and Corporate Democrats agree. Capitalism must die or Subscribe #vanlife. Of course the political cronies will employ the Criminal Justice Industrial Complex's street tyrant cops to impound these mobile dwellings forcing the now homeless into Hoovervilles. History repeats itself. Grapes of Wrath kzbin.info/www/bejne/b5vbfaNvha2perM

[@martinwebb1681]

Oh the joys of capitalism ...the haves and the have nots, welcome to reality America.

[@Cloudytx]

There are more rich people than ever in history, rich people are richer than ever in history but the poor is poorer and now the middle class is moving to poverty, this is sick

[@arturorangel62]

Just wait for the poor to rebel, the landlords and the rich that are price gouging will pay the price, there is always a price

[@dudzinski324]

Wrong.

[@WhatIsThis-zq4hk]

Efficient markets prevent people from being greedy. There are not enough rental units in places that people want to live, so prices go up. We need more supply to keep up with demand. We need less restrictive zoning laws that limit the supply of housing

[@michaelsanger7795]

Kinda like a French Revolution ?

[@kimchiba4570]

Not when they have the politicians , police and army in their pockets

[@victoriabache4485]

When renters move out due to $^ landlords won't have renters! Karma!

[@Misterlucas134]

Let's be honest, after 22 years, that woman had paid the ENTIRE mortgage and some. So that house is paid off. It's evident that its just greedy landlords. Taxes haven't increased that much. That's sick.

[@auditrevor]

Let’s be honest the lady should have bought her own house 22 years ago. When you rent something you down own it, it’s not yours so when the market goes crazy hot you get hit with increases because if you won’t pay it someone else will. She’s moving to a smaller place for $3200. Bet she wishes she would have bought 22 years ago.

[@pl6935]

Lets be honest, She had 22 yrs to buy a home

[@jaypeterson7642]

if they didn't think of renters as slaves and wanted to help them they would sell any property other than the 1 they live in on a contract for deed to the current renters

[@auditrevor]

They are just like anyone else. They can make the sacrifices to get things in order to buy a house like everyone else who’s had to buy a house. Housing has never been affordable people just make bullshit excuses for themselves so they can live beyond their means and blame everyone else for it. Idk about you but every time I drive by apartment complexes I see a bunch of newer financed vehicles mean while I own a triplex and a duplex and drive a 2000 chevy suburban I bought for $850. As they say “must be nice”

[@wattysbff]

In New Jersey, my taxes have more than doubled since I bought the place.

[@Loveandkindness33]

Here in California, they passed a law a few years ago where landlords/property management companies can’t increase rent by no more than 3%. It’s already frickn insane the amount of rent here in Southern Orange County, but it’s much better than in years past for the increases each year. For reference, we have a 2 bedroom 2 bath 1,000 sq ft apartment in Aliso Viejo and pay 2,505. If we were to walk in off the street and try to rent the exact same apartment today, the rent would be 4,100!!! Wtf?

[@niajarslyn]

Not happening in Florida as long as DeepShit is Governor. Idiot is busy with banning maths book at school, Disney and making his Dadtrump happy instead of solving real issues for the people of Florida like rent.

[@blairhaffly1777]

It's a help but it also motivates landlords to get tenants out in order to jack up the rent. The unit I lived in in SF for 25 years was 1800 a month. After the landlord Ellis Acted me out that unit was 8000 a month.

[@Loveandkindness33]

@@blairhaffly1777 That is absolutely insane! Where do they get off doing this to people? Seriously!

[@blairhaffly1777]

@@Loveandkindness33 This is the bitter fruit of Reaganomics. Have government serve the already wealthy and it will float all boats. A brutal scam on average Americans that all too many still buy into. Look at how they worship the billionaires who've bought our government out from under us.

[@blairhaffly1777]

@Jessgrma I don't know about rent control but look into what's going on with aggressive take over, eviction and redevelopment of mobile home parks. It's catching a lot of people by surprise.

[@JackAttack2011]

The rich people and big corporations that control all of these rental properties don’t care about us poor people at all… it actually makes me sick to think that single moms and the elderly on a fixed income could become homeless. What kind of America has this become? Greed is all it is plain and simple. I love being an American but the American dream is definitely not attainable for most of us hard working folks. We’re screwed and it’s obvious we’re on our own.

[@RodeoRanger]

We have the same problem in Canada...Rich Foreign investors and filthy rich Canadian Investors own 1 out of every 5 homes. Using Homes as investment must stop...every American and Every Canadian should have the opportunity to not just rent a home but to own one. The greedy rich are casuing homless families .

[@petramueden7170]

In Germany it's the same problem, there are many new homes, but nobody can afford the rent. International companys invested in the housingmarket and the prices are insane.

[@coleengoodell7523]

Exactly.

[@johburale4991]

The republican party here in US is their to represent the wealthy and bilioniors, and they even refuse to help and make rent controll.

[@kimmichaluk3072]

I'm getting really nervous about the near future of what can happen as I am a renter and also knowing people interested to buy a house of their own.

[@judahsoremy9857]

No, pedophile satanist politician/actors are causing homelessness.

[@Nancy-mi3xe]

The real estate market has big money to spend on politicians who block legislation that would allow rent control. The homeless aren't always drug addicts, mentally ill or lazy, sometimes they are people working people, or people who've worked their whole lives who are just priced out.

[@blackmoonco]

Then they become addicts due to depression and sorrow.

[@carolhill1102]

Also hedge funds are buying millions of units, houses and multi family buildings, betting on real estate prices rising. The kicker is:. Real estate investers are allowed to depreciate the units value for tax purposes, even as its value increases. We would not have this insanity if Congress would close that loophole. But MONEY has bought them.

[@paulkenny5052]

There is no "real estate market" as an entity. It much more fragmented than that, but there are groups of people with pooled cash who are buying property (cash-fast closing), holding on to it as it appreciates, and then sell after it appreciates for their target percentage. There are those who treat real estate like stocks, (but that is very risky). There is also a serious owner occupied demand for housing, more money available from a good economy, also more buyers taking advantage of government programs to get them in a house, and banks are lending again. There are a lot of factors why these prices are rising. Don't forget that there are a lot of government assistance programs paying rents and that is taking more apartments out of circulation. Perhaps a solution would be to work with a state agency to see if one is eligible for such assistance.

[@dennispatterson4998]

you say the real estate market has big money to spend on politicians who block ect- where are your facts on this. I have been a provider for decades- never heard of such nonsense and stupid assumptions

[@heronpage3883]

Oh my God, there are plenty of problems with Congress but this is not one of them. I don't even remember anybody ever bringing up rent control excepting California. It isn't even discussed in other States. And it's actually very hard to enact and oversee. If we would stop foreign investment and corporations from buying up residential properties, people could afford basic apartments. That's the biggest thing that we can do, it would be absolutely doable from a federal legislative standpoint.

[@tayt9698]

This is the American dream this is how we treat our people our veterans or soldiers we claim to love law enforcement but only when they sued our needs

[@TheBestLife2184]

Democrat and RINO politicians are flooded with $$ from the billionaires corporations. Christian and conservative get almost nothing from their corporation. ------- Now you know who is really for the poor and the working class.

[@myownpath1046]

*suit

[@supremeee666____6]

This is capitalism u mean

[@natjur3040]

The American Dream is a big lie. 4% Americans are Billionairs and 96 % just "hope and work hard" whole life for nothing. For credits. In reality, you own nothing. Come to Europe ✌

[@kensmechanicalaffair]

@@supremeee666____6 Here's a sticker Timmy.

[@marianparker7502]

I'm so thankful that my landlords are renting me a place to live in at a reasonable rate . Inflation is uncomfortable but i'm thankful that my job pays for my life.

[@Robertgriffinne]

You are lucky because rents are going up everywhere . Rent prices rose by 0.8% in june from a month earlier, according to the labor department it is the largest monthly gain since 1986.

[@Natalieneptune469]

How can the typical family with average income afford a higher rate+ more expensive home? in my area multi generational home is becoming the norm . Don’t forget to add the inflation which just this week was 9.1 on the CPI , producers index 11.3, it’s going to be a rough ride for sure.

[@instinctively_awesome8283]

Time will tell how this period will treat people that never save, invest, lived beyond means, paycheck to paycheck, too many kids, too big of home, keeping up with the joneses with FOMO,YOLO, paying alimony, child support, etc

[@PhilipMurray251]

[@marianparker7502]

I raised all my rents at least 30% in the past year. You better hope your landlord doesn't catch on to reality.

[@richiemochi]

what im noticing now is that large corporations landlords are taking over smaller landlords and raising prices to unbelievable amounts. People can't afford those kinds of prices if their on their way to retirement age.... It sickening how our government can send almost a billion dollars to war efforts but can't help its own citizens. These days eviction can happen to anyone at anytime.

[@deborahfreedman333]

And why are apartments all owned by large corporations, because the little guy can no longer afford to buy, as a retirement investment. You never know went rents will be capped, like what happened throughout the pandemic. You never know how high your property taxes are. The little guy needs a steady income, and rental property no longer provides that.

[@Nancy-mi3xe]

And it's worse on those already retired.

[@stanleyhape8427]

@@deborahfreedman333 you are correct. Mom and pop landlords are disappearing and with good reason. When the government gives renters the green light to stop paying rent and property owners at risk for bankruptcy , who would continue to risk their investments.

[@judahsoremy9857]

No, it's sickening that there are still people out there, like you who think politician/actors actually serve the people they're supposed to represent.

[@phoenixmode6909]

I'm nearing retirement age, recently divorced after 36 years, from a man who serially cheated on me while o raised our three kids, moved us 2000 miles from our home state and my family, and then basically refused to give me anything on the divorce settlement. What a big "eff you" that was. (I left him because he was toxic, abusive and was never going to change, among other things). Now I am nearing retirement age, and though I've come to terms with I will never be able to retire and will work til I die, and accept that, it's now becoming "how the hell am I going to afford to rent a small house or apartment AND afford gas and groceries and utilities, AND maybe buy a nice gift for my grandkids for Christmas and birthdays? Meanwhile, the rich and fresh just get richer and greedier. That includes my ex. Granted, I am much happier no longer being married to a self-absorbed liar and cheat, and my inner peace has grown immensely the last two years since I left. But I wonder how long this situation with inflation and a lack of wages keeping up can possibly continue? I am hoping and praying for the bubble to burst like it did in '08. It would serve all those greedy bastard right, to lose their asses on speculating on the backs of people who are just trying to live their lives paycheck to paycheck. This world is full of greed and a lack of compassion for others less fortunate.

[@fotomagrol]

This is why a lot of americans on the border with mexico are chossing to live in mexico side of the border and cross every day to work and school. Its not the best solution but it is what they can do right now.

[@princegroove]

Facts. Live like a king down south!

[@TheBestLife2184]

​@@princegroove Democrat and RINO politicians hate poor and working class Americans. Why is that? Well, Dem and RINO politicians get their campaign $$ from the billionaires' corporations. That's why.

[@Agenamigo]

That’s original! I really like that ideas 💡👍😀

[@brizzle3903]

Tbh that actually sounds like a great idea like I see what you mean but yeah if I could that I would

[@snsn7251]

But they dont want Mexicans in the US....HHHMMMM

[@keepingupwithmarsha5155]

This is absolutely ridiculous and out of control! The government should be ashamed and the rental companies! This is greed and this needs to be stopped. My heart goes out to the families affected by these horrific rent hikes.

[@HyperInflation2020]

"The Government"? You mean anyone who voted for Biden/Harris

[@keepingupwithmarsha5155]

@@HyperInflation2020 Yes they are in office

[@chodkowski01]

This has been going on forever in America. Every year prices raise. Rents 10 to 20 years ago were much cheaper.

[@nancybreaux9684]

This is truly scary crazy.

[@WhatIsThis-zq4hk]

Efficient markets prevent people from being greedy. There are not enough rental units in places that people want to live, so prices go up. We need more supply to keep up with demand. We need less restrictive zoning laws that limit the supply of housing

[@lisalee2885]

There needs to be a Universal rent control..this has to Stop

[@michaelvanemburgh8059]

And more handouts for princesses

[@sesaba]

You can go and live in a socialist country as Argentina , Bolivia , Venezuela , they have this kind of mechanism there. It worked flawlessly. Get some economy books , educate yourself and maybe you will understand how the world function

[@thejudgemeister]

It's only recently that I realized what is happening. The home owners are taking advantage of the skyrocketing home sales driven by corporations over paying for properties then renting them. Landlords decide to sell at higher prices (or rent) and are forcing tenants who cannot afford to either rent other properties or out bid corporations on homes for sale. We will see a rapid increase in homelessness in this country if something isn't done soon and fast. I had seen it happening in the courtroom but only recently realized what was driving the prices.

[@movdqa]

I've been hearing that from people trying to buy homes in my area. I think that you have to buy land and build it yourself if you want something in my state as corporations are outbidding regular people. The question is could we have something like a housing collapse over here where companies go bankrupt from overpaying for homes? It may be hard to remember in a bull market for stocks but the NASDAQ composite lost 80% of its value back in the internet bubble. The place we are living now dropped 40% from the peak to where we bought it. It then fell to dropping 60% of peak after we moved in before stabilizing. Housing bubbles can pop hard when they pop. Our mortgage rate was 10.15%. They had been in the high-teens. If you want to pop a housing bubble, raise interest rates to double-digits and prices will collapse. Just like Amazon stock did today.

[@ocampbell1954]

It's also a ton of people moving to Miami from NY, Jersey, Philly, Texas, and California too. Miami will end up being like San Francisco where people are priced out. A lot of the upstate people can sell their houses for a million dollars and overpay for houses in Florida.

[@Mr813Fla]

Yes big corporations were buying up homes, companies like Zillow. Something is going to cause it to burst.

[@movdqa]

@@Mr813Fla Invitation Homes is another company. I think that they were a spinoff of Goldman Sachs. They are down about 10% this year. I saw an article about consumers asking the question: what can I live without?

[@arturogarcia9946]

Stop renting buy a van and save money to buy a tiny house 30.000 $ or sale your stuff buy a house never pay rent

[@jcr-studios]

That’s ridiculous. Landlords should only be able to raise the rent a certain percentage per year, not whatever the hell they want.

[@Frieghtliner1975]

Stop voting for property tax increases.

[@jcr-studios]

@@Frieghtliner1975 I Live in an area that prevents landlords from gouging tenants. It’s based on a fair housing policy (max % increase/year vs no limit rental increases) which does not dramatically impact property taxes. Astonishing that you don’t care about such a large percentage of your population and their livelihood.

[@AK36677]

Florida could care less. They let tenants do whatever they want. It's disgusting..

[@Frieghtliner1975]

@@jcr-studios . Not my "population'.

[@dancer23918]

But it would have to also cap how Insurance, how, and property taxes or landlords would loose money each year and eventually have the house foreclosed on.

[@bigcatproductions2789]

Yes and we are still BEGGING for 15.00 per hr. WAGE ???!!!!!

[@waycoolscootaloo]

I think every company including Walmart and McDonald's in my town starts at $15.00 now. Even though the state minimum is $7.25 an hour.

[@armchaireconomist8648]

Jeff El Gato -Every Economist explained what would happen if a $ 15.00 minium wage increase was initiated. Plus all that free stimulus money. What did you think was going to happen when they rolled out a $ 15.00 minimum wage increase in Fl?

[@saintlex32]

@@armchaireconomist8648 They're lying to you.. and you're buying it. This is price gouging/corporate greed. Nothing more, nothing less. A $15 dollar minimum wage wont make the smallest of dents in society. But they'll damn sure make you think it will. And those that fear monger you.. it's what they're good at. And it's all they have. As long as you stay ignorant, and don't so research of your own.. they'll continue to run your life.

[@armchaireconomist8648]

@@saintlex32 the proof is in the pudding.

[@saintlex32]

@@armchaireconomist8648 That doesn't even make sense. Just let it go before your brain combusts.

[@bioshockgolden7512]

$3200 a month?!?!!! That’s crazy

[@osvaldoramirez805]

This is something that needs more attention!!! 🤬 Tell us something we don't already know that is happening and get this in front of local and state governments. Everyone is talking about inflation for gas and milk and eggs but rent and mortgages are one of the largest household expenses a family or renter will have to contend with. That is the real inflationary problem because this is pushing people out of their homes and forced to make adjustments without getting proper notice or wage earnings to keep up. It's just not reasonable to expect people to be able to afford an 20%+ increase a month in rent and that is not even looking at the 5 year outlook of rent prices pushing upwards. This needs to be in front of everyone's face in order to gain some traction and solutions and not glossed over! Please do a deeper segment on this issue 🙏

[@cxjeter]

Our tax dollars are going to Ukraine instead of fixing America's problems

[@lalaslemon]

Do a search on yt for homelessness and you'll find lots of deep dives and documentaries on this. I was shocked to see how far back some were made. Proving that we can see the future and avoid disasters. but no action happens once the alarm has been sounded.

[@fluxfaze]

Ah, greed. Where would the USA be without it?

[@Monipenny1000]

Sad for many renters. Last year, our property taxes went up a lot. On two of them, taxes doubled. I raised the rent last summer on one of them $100 though they lived there for 4 years without a rent increase until then and I felt bad. My tenants will never be gouged by rent increases. What is happening now is unattainable.

[@jaypeterson7642]

why don't you sell it on contract for deed to them instead of rent as the taxes would drop and help them to not be renters any more ?

[@Monipenny1000]

@@jaypeterson7642 if they don't want to be renters, they can buy another home of their choice. Why should I sell my properties land contract just to help people not be renters? I know the risks of buying and selling land contract, most people don't so I don't recommend it.

[@pennyc11]

Is that how much your property tax went up? Not knowing the initial rent If it was a fair price it might not have hurt. If not? It is foolish because it cuts into a renters budget for upkeeping your property. Rent is not a families only expense.

[@Monipenny1000]

@@pennyc11 $25 a year increase is not a lot. They enjoyed 4 years with no rent increase. And yes, my property taxes went up $100 a month on that house. Didn't even factor in insurance or other costs. If they were to move to another rental now, they wont't find anything as low as their rent is for the size of their home that includes water and sewer.

[@davidcox3076]

We rent. Got a letter form our landlord that after seven years he wanted a 6% increase. With the rising costs of insurance and taxes, he's not asking for anything extravagant. Just covering his costs. We're happy to pay it.

[@ShawnTheRazor]

One person's greed is another's heartbreak.

[@realtalk5329]

We need rent control now. Down with gentrification!

[@hacatan24]

That's when governors should step up and do something about it and if they don't then find someone else that will

[@realtalk5329]

@@hacatan24 for real

[@freedomlandcanada230]

actually, we need more supply. Even Gentrification will add to supply

[@realtalk5329]

@@freedomlandcanada230 there's more empty houses in America than homeless people. Just because Russian oligarchs can't build overpriced apartments fast enough doesn't mean we're actually out of space.

[@LB-py9ig]

Yeah, then they'll be no small land owners. Everyone will be turned into renters and you dumb leftists will love it because the big corporations you simp for said so. What is it with you people? After Occupy Wall Street you all became massive corporate shills. Every policy you support benefits the super rich. You have literal, actual, communists backing the super wealthy these days.

[@libbywiskowski9618]

This hurts people with disabilities. I live in wausau Wisconsin and I'm disabled. The disability process took 2 full yrs to get accepted. During that time I had to use rental assistance and the rental management company refused to take the payment and served me with eviction papers. Before the pandemic I was on section 8 and had my voucher with zero issues held it just fine. I'm also an end of life /memory care cna/phlebotomist for 12 yrs in my community, I worked the first half of the pandemic. Of course I got covid and now have long covid because I have underlying conditions. I have a connective tissue disorder called ehlers danlos syndrome. It took me 31 yrs of my life to get an accurate diagnosis and I unknowingly further damaged my body. Once I got long covid which exacerbated all of my EDS comorbidities I applied for disability. The local housing authority took my voucher because they admittedly so told me there us no accessible housing and pointed me in no direction to find something accessible because my mobility changed significantly getting long covid. I am stuck in a home that is not accessible and I have zero options to leave. What does this rental management think is going to happen? Will the police carry my disabled body out of my house? I tirelessly searched for accessible housing for almost 3 yrs now. If it were available I'd have gotten it already. I did everything right as a medical professional would do to aquire the supports needed for people with disabilities and it's a lose lose situation. My daughters who also have EDS have been excluded from participating in school because of our disabilities and the wausau school district has ignored the health department recommended mitigation practices the entire time. I'm facing homelessness, disability discrimination from several govt entities ie: healthcare, education, housing. We as people with disabilities should not have to adapt to the world around us but the world should adapt to us. The failure these systems have been able to get away with without being held accountable is disgusting. I am not expendable, my disabled life matters, my daughters disabled lives matter. It's a bleak outlook and the reason people with disabilities are so harmed is because we do not have a seat at the table making decisions for us. They don't enforce the ADA or FAPE or IDEA because people with disabilities are already sick, tired and isolated. To file complaints or take legal action is impossible and the majority of us cannot physically or mentally complete the requirements to hold these entities accountable and it takes so long we often pass away trying and fighting which takes away from anyone having to change anything to protect us. I'm absolutely defeated and I put my body on the line as a healthcare professional not only for over a decade but also during the pandemic. I do not get proper management or treatment for my connective tissue disorder or the long covid that's now running my life. Physicians refuse to continue their education and often we are told we are lying, severe chronic pain is impossible because "oh you look normal" what is normal? What does sick look like? It looks like me who also looks "normal" we have been thrown to the wolves and not at all protected even the cdc stated its encouraging that people with fatal outcomes are the ones with several comorbidities and are very unwell to begin with. This devastated me to hear. Who will advocate for us? Who will include us? Currently no one. Please fix this, please help us. We deserve to have a decent and safe quality of life. If I could physically pursue legal action against all these atrocities I would already be doing it. Also my stance is not at all financially motivated, I want to take legal action to make sure this isn't happening to others and myself. I could care less about financial compensation- we deserve justice and I will absolutely never be quiet even though I will probably die trying. This is unacceptable. The blood of people with disabilities are on the hands of the ones who did nothing to protect us. Sit with that. Thanks

[@tthappyrock368]

The lack of supports for and discrimination against people with disabilities in some states is appalling! The last things someone with disabilities such as yours needs are more obstacles and the threat of homelessness (much less non-existent accessible housing!)! My state is about the polar opposite of yours in terms of services and accessibility. I work with the DD/IDD community but what is available to that community is also available to seniors and people who have other disabilities. Things aren't perfect by any means but work continues to improve upon what has already been put in place. What you're going through is just plain wrong.

[@libbywiskowski9618]

@@tthappyrock368 thanks! Yes it is absolutely wrong. I'm definitely doing the best I can to speak up/ advocate. It is tiring but I know if this process is this hard for me, someone who has healthcare background to navigate this it is completely out of reach for others. So many are just shut down by the system and don't even know how or who to reach out to. It might not make a big difference in my specific situation but I want to try and make it better for someone else or even my children. This earth is not given to us by our children. It is loaned to us by our children's children so I will absolutely speak up till my last breath. We all deserve quality of life and we do know better so we can do better.

[@sherryobar5750]

I pray your long haul covid symptoms dissipate and the EDS for you and your children banks down. I pray God hears your cry and keeps you & yours safe. Peace be with you. Isaiah 32:18 in the name of Jesus amen 🙏

[@Nancy-mi3xe]

I am so sorry this is happening to you. I worked in the school system in Special Ed., then in the county library. I served this county, so that parents could go to work and know their kids were safe and getting help. But this county, and more and more, I'm feeling, this country has become heartless. It seems like the prevailing attitude is "I've got mine, screw everyone else". There should be caps on rental increases that coincide with the average COLA's in the area.

[@elviscobb5922]

Libby I hear you. It's terrible that you have been placed in this egregious situation. Although my nickname makes it appear that I am male,I'm a 63 year old female. 30 years ago I was diagnosed with the first of three major autoimmune diseases. At the beginning I was also told that you "look fine" but as bloodwork and additional testing identified serious connective tissue damage, I was given helpful treatment. I also suffered some liver and kidney damage and was hospitalized for cardiac/respiratory distress. Over a long period of time I was able to recover but knew I would need to take a early retirement.I was very fortunate and was able to retire at 55 years old from full time work. I continued to work part time until Covid 19 shutdowns. I was able to get my S.S at 62 but what made the difference was I paid into a Pension program for 31 years. It's truly terrible that you are disabled and can not get the necessary assistance.

[@ericriley2163]

I feel this will cause another housing crisis and prices will be forced to drop when they can't find buyers or renters

[@paulkenny5052]

Yes. That is how supply and demand works. When the house and rental prices go up too high no one fills them and prices come down and the market normalizes again.

[@abolisher]

@@paulkenny5052 I still have no experience with a housing crash but in the near future I suppose 👀👀👀👀📈📈📈📈📈📉📉📉📉📉📉📉get ready everyone it’s going to be like bitcoin

[@itsmesteve1081]

I think a couple months ago I asked how much rent was for a 1 bed apt around the block and they said it was 1,100 per mo. Now I'm asking everywhere else and rent is at least 1300 for a 1 bed apt. Like wth? We are starting to go back to the dark ages where families had to live together under one roof. Im talking grandparents, siblings and spouses.

[@Queenblue-1]

After taking care of over 300 foster children I just lost my home due to this pandemic its been terribly difficult but I know God has a plan for me and my family. Praying for all who has been affected by this. May God help you 🙏

[@BeneGesseritSaya]

I am appalled. Disgusted this is happening to you. I’m so sorry and hope you can find a safe place. Me and my son are fleeing to Kentucky or Missouri. Dangerous but no choice. Can’t afford to live in TX. I pray you’re safe.

[@Queenblue-1]

@@BeneGesseritSaya Thank you I prY that God will provide for your every need sometimes we don't understand but He has a great plan for you and me. You are in my prayers. I pray that God will increase you and restore everything you have lost and more.🙏🙏🙏❤

[@lisabe4859]

♥

[@kanesmith1154]

Wow. I pray to have a giving heart like yours. Hope you are landing on your feet and many prayers to you.

[@odinson6348]

Unfortunately, God won't step in. I know it's callous, but in reality, humans control the world, and your life. This needs to be a government issue.

[@jeremyd8778]

Real estate investors are buying all the homes. Then reselling at almost double what they paid . It's artificially driving up the cost of homes. The average person can't afford a home anymore.

[@jasonphilips4731]

I thought they were mainly buying and holding. An that's why rents are shooting up.

[@victorcasey6048]

@@jasonphilips4731 nope I can't. Not when completing with Cash buyers

[@tyronesiasmall8418]

I keep asking the question who will live in these homes. Does anyone know?

[@dvbernard]

@@tyronesiasmall8418 I don't think the investors thought that far ahead. It's short-term thinking: they buy up all properties, hoping they can flip them or raise rents -- but eventually nobody will be able to afford to pay what they're demanding and they will be forced to sell at a cheaper price. The same thing happened in 2008 and it crashed the market. A lot of homes are being bought as investments, rather than places to live.

[@tyronesiasmall8418]

@@dvbernard ok, gotcha. Guess it's just a waiting game now. How stupid.

[@traetonmcglohon4563]

I also noticed they interviewed two single moms. That wont cut it in most places anymore. It takes a full family working together to get by in today's economy .

[@zuzanazuscinova5209]

Exactly. Unfortunately single moms can't expect to make it.

[@dvbernard]

Well, "a full family" helps -- but it's mostly an issue of incomes. The Latina in the story in particular seemed like she wanted to live in a posh area. That, combined with investors buying up properties and raising rents/property prices, will price out those who aren't making enough money.

[@AquariusBeam]

I’ve been in my apartment 11 years and never paid late or missed a payment. I just received a $500 a month increase south of Atlanta. I’m 58 and moving in with family. My son is a firefighter/EMT in the metro area and also had to move out of his apartment due to increase. He can lo longer qualify for even a 1/1.

[@ericaknesek3266]

This is exactly what happened in the housing crisis in 2008

[@jasonhall2753]

Yeah. And we better not bail out the people who caused it. AGAIN! Hold them responsible as the criminals they are.

[@ВладимирПутин-э6ч]

Zelensky is a brain burner!(Правдивое видео):... kzbin.info/www/bejne/mXK0qYOJrLJnnpI

[@ВладимирПутин-э6ч]

Слава России!🇷🇺

[@theonlyconformist]

No it isn't

[@deborahfreedman333]

In 2008, the problem arose from home buyers, who could not pay their mortgage, not renters.

[@Everettel]

I'm retired and live off my S.S. and small pension, my rent was raised I couldn't afford. One year ago I moved to South America but I miss my grandchildren.

[@jessicaswenson833]

That's the thanks you get for working hard your whole life. Sorry to hear about this.

[@carlosparra9527]

To which country?

[@kitchentrout5867]

How did you do it?

[@heatheryork1658]

I’ve lived in Seattle my whole life and we started experiencing these crazy prices years ago. The one thing I noticed about the renters who were complaining about their rent increases, is that their homes are nicer and appear larger than anything I’ve ever lived in. When my husband and I first got married, we made it a priority to buy something because his job was having financial problems and we had custody of his three kids, so we figured owning something would give us more options (5 people legally couldn’t live in a 2 bedroom apartment, but if you owned your own place you could have 5 people in a 2 bedroom). My husband works in construction and I was a secretary, so we didn’t have a lot of money and knew we would have to buy something smaller than our rental house. Additionally, my husband had gone through a bankruptcy as part of his divorce several years earlier; I had excellent credit, but didn’t make enough to qualify for a loan on my own, so we ended up with a higher interest rate (8%) because of his credit. We ended up buying a 2 bedroom condo and my husband split the bedroom for the three kids. It wasn’t a lot of room but we made it work and a year later we were able to refinance to a lower interest rate and a few years later, when my health problems made the stairs too difficult, we bought an older, small house that hadn’t had anything updated in 40 years and my husband slowly did most of the work himself. The moral of my long story, is buy something as soon as you can even if it isn’t as big as you’d like or in the neighborhood you’d like or as updated as you like because we were able to take the equity from the condo and buy the house, so for the original $129,000 price of the condo we were able to buy a $180,000 house that today is estimated to be worth $825,000 and believe me when I say it is nothing special - we don’t even have a garage, but if we hadn’t bought when we did we wouldn’t be able to afford to live in this area anymore. We gave up a lot to be able to afford our mortgage over the years, but it was worth it to not have the uncertainty of renting, though with the way property taxes keep going up there is always some stress.

[@jjuanmarin]

i like your story and congratulations but i also feel that are not willing to sacrifice anything always buying those tall cafe lattes eating out all the time not wanting to live in certain neighborhoods wtf first priority should be to own a house the big lattes can come later the tv plan with every sport channel in the world should come later the new telluride or palisades car that every body is buying now should come later the 1400 dls phone later house first people i know i am being simplistic but that is how i did it that was 13 years ago 17 more to go and is a duplex

[@Mpompadour]

@@jjuanmarin I bought my first and only home 35+ years ago. It was a repo and it was up for auction. I won the bid at $40,000. It needed work, but not too much. The mortgage was for 30 years. I did repairs as I could, single mom raising 2 kids. It was hard sometimes, but I knew I didn't want to be caught up in a rental trap. You'll NEVER own one brick of it , NEVER gain any equity and rent can and WILL go up at the whim of the owners. Three things I have learned is 1)get in your OWN home as soon as you can. 2)Keep GOOD insurance on it. 3)Keep your credit GOOD. Now that my house is paid for, all I owe is the yearly property taxes. Rent is a dead end and you are wasting time and money doing it. Every situation is different, but being SMART with your money and decisions is a key to success.

[@winning3329]

Try buying a home now? You won't be able to do it. You are lucky you were either born in the right time or had help from someone.

[@brianholloway6205]

I live in Seattle now. This statement is wildly inaccurate and out of touch.

[@enigmathegrayman2953]

What’s the taxes on a $825,000 property?

[@Theteaspot5]

In the last four years, I have worked my butt off to get off of welfare and graduate college. Now, I’m approved for a $270k mortgage, but the median home price is $455k where I live. What happened the the American dream? I feel like it really is a DREAM now. I grew up being told if you work hard you will be rewarded. I did all that to give my daughter and I a better life, only to still be unable to afford my city and state. Now, I’m leaving my state and moving 700 miles away to own my own home, because it’s still cheaper than rent. Times are tough for so many and no relief in sight. It’s sad and we all need to help each other.

[@superhippie2000]

"Well if rent costs too much why dont they just buy a house?" - Hollywood, Politicians, and the MSM (probably)

[@danriley5848]

The housing situation in this country is ridiculous and there are more an more homeless every month and there is not enough rental housing to go around. People on fixed incomes are really suffering especially the elderly, disabled and veterans and this should be a priority in this country.

[@danwohlslagel1277]

If people can't afford to live in coastal cities or large metros- they can always move somewhere "less sexy". The flyover states are not having these same problems.

[@danriley5848]

@@danwohlslagel1277 The area I'm referring to is not sexy , far from it. You are completely out of touch.

[@mark_a_vigil]

@@danriley5848 Well sorry but the cost of living will always grow. It will never ever drop from year to year. So like he previously said if you can afford the beautiful areas do like thecrest of the world and move to somewhere you CAN afford. Well now if you don't do that and stay renting somewhere that is too high Well that is on them for putting there money in the wrong area.

[@mark_a_vigil]

@@danriley5848 There is a reason why I live in Albuquerque and not beach front in San Diego or in the Florida Keys. It's cause I can't afford it why should it be different for other people.

[@katiestans2824]

They bringing in more and more across the border don’t help either. They have no plans for this but just bring them in and send them out to fend for themselves.

[@angelinimartini]

I work for a mortgage company and my bosses and I were talking about how one company we work with bought out an entire street of homes right on the beach and rent them out as Airbnb’s. That’s a big part of the problem. Homes rented out for vacation or as market speculation. Big money comes in, with tax brakes and special tax and interest rates… they out price the locals who just work normal jobs.

[@judahsoremy9857]

They'll have a nice, permanent residence in the Eternal Lake Of Fire too.

[@angelinimartini]

@@judahsoremy9857 yeah I kind of think so too. Especially the ones who literally buy from underneath hardworking people.

[@judahsoremy9857]

@@angelinimartini God said, the love of money is the root of all evil and we can clearly see the evil in their motives. We all know where evil people go when they die.

[@pennyc11]

Hopefully all of these storms will get worse. Beachfront property is risky. I enjoy it when jerks lose in an investment.

[@Stoneface_]

@@judahsoremy9857 God isn't real though

[@nunya9763]

Just remember there's not a single politician or ceo who's poor in this country

[@jamesjingle9533]

I live in Florida taxes didnt change that much to up the rent an extra $1000.. There's 2 different stories being told in Florida about rent and why they're raising it

[@PSCA1988]

Yeah, when the lawyer was quoted in the video as property taxes and mortgage rates as the reason for the lady's rent increase, I had to laugh. Every current homeowner locked in or refinanced to bargain basement rates long ago.

[@latonyadavis3134]

This is Legal Price Gauging!!!! The Government needs to Act IMMEDIATELY!!

[@Destro9421]

YEAH THIS IS HAPPENING EVERYWHERE AND THEIR DOING NOTHINF ABOUT IT. ITS INSANE THIS IS A CRISIS AND YET THERES NOTHING THAT CAN BE DONE??? HELP US WE NEED HELP WHATS GOING ON

[@billgale5568]

Well we only have 15 nuclear powered aircraft carriers ( with 2 more on the way) ….the rest of the world …total ..ONE (france) so if you want to know “where the money goes” look no farther than the MIC (that “Ike” warned us about)

[@lisadawnrussell]

Financed a 2022 Keystone Sprinter…payment’s are low and so are RV parks! Love this Mimi house complete with washer dryer

[@AmosTheTalented]

It’s the same in Arizona. Our rent went up $600 per month.

[@bizzmoneyb]

they say your rent should not be more than 33% of your income. so rent @ $3,000 a month, you’d have to make $90k+. i don’t know anybody making that kind of money. somebody needs to do something!!!

[@matt-i3r6w]

Don’t vote for Brandon

[@nayjavu]

Right...you should fine rent less than 33% of your income. Nobody said landlord should adjust their rent to fit what people can afford.

[@pteranodon6612]

It would require a net annual income of $108K, so gross annual income could easily be $150K-$200K depending on where you live and what taxes and fees you have to pay.

[@MF-tt8be]

Remember guys this is all Putin’s fault. Instead of asking 33 billion dollars to aid Ukraine how about asking that sum of money to aid America

[@carlosbaez7884]

Yo make landlord rich? And Republicans called that extreme socialism and vote against

[@legendarymj9270]

Um 3200 hundred for a home! Shit that's cheap. Try 3200 for a one bedroom apartment in San Jose California! And I still can't afford it I have a damn roommate! And they about raise the rent. Idk where y'all getting the statistics for that but Cali is far more expensive for rent

[@Holisticbrit]

These greedy landlords have no heart. That’s sad really sad.

[@winning3329]

They care more about profits then human beings

[@WhatIsThis-zq4hk]

@@winning3329 Efficient markets prevent people from being greedy. There are not enough rental units in places that people want to live, so prices go up. We need more supply to keep up with demand. We need less restrictive zoning laws that limit the supply of housing. Right now there are 100 people waiting in line for every rental unit in popular cities, so landlords can charge whatever they want and someone will pay it. If the roles were reversed, and there were 100 rental units for every person looking for a place, then prices would plummet.

[@e.g.4483]

Keep voting Republican FL! I'm sure your politicians will care at some point when everyone except millionaires will end up homeless.

[@TheBestLife2184]

-------------------- Biden is highly connected to Blackrock. Blackrock is a 9 trillion $ corporation buying up homes over asking price so people can't afford homes. It's all part of the evil new world order plan. ----- As Dr. Phil would say, how's that atheism workin out for ya America?

[@TheBestLife2184]

@EG Democrat and RINO politicians are funded by the billionaire-controlled corporations. Democrats politicians only pretend to help non-rich people. They pretend by giving handouts with one hand whilst taking more with the other hand.

[@cooldudecs]

Biden signed the inflation bills buddy…

[@ShanKatOD]

🇬🇧Can relate from the north of England…landlords sending letters, absolutely nothing tenants can do but tighten out worn out belts

[@landysok90]

They say because mortgage rates are up. How would this affect home owners when they bought the house, they're locked into a permanent rate, probably 3-4%. How does today's 6% cause homeowners to increase rent? They just want more money because they know someone will be willing to pay that price even if it means the previous owners are homeless. It's all about money

[@Nancy-mi3xe]

My rent alone takes more than half my income.

[@princesstiarra8071]

And the other half is for utilities and food your working for nothing cause the republicans are running prices up.

[@charlespedeson5629]

Go live in your car. That's what I had to do on a $500 dollar income from this fascist government.

[@gustavedelior3683]

75% of my monthly income

[@bonbonvegabon]

woah thats not good. Economists say you should never spend more than 30% on rent/mortgage

[@gustavedelior3683]

@@bonbonvegabon economists are smart and can have good advice but Ive never seen an impoverished economist, there lies the divide in society.

[@twhitt252]

Currently experiencing this myself. The squeeze is real.

[@gearoidt4017]

Sleepy Creepy Uncle Joe wants to keep robbing you off your tax dollars again and again to fund another war, which will only prolong suffering and cause greater death and destruction to more of our fellow human beings. Who is to blame for your predicament? Has the penny dropped yet?

[@jasonhall2753]

@diveunder not everyone can just buy a house. Remember we have been getting attacked by our own government for 3 years.

[@deborahfreedman333]

@diveunder And then they'll have to deal with rising property taxes.

[@gmxealot6236]

@@jasonhall2753 way longer than that... single-family zoning and car-centric cities have caused longstanding problems in America

[@LindaC616]

Rents in my city surged last year. The place I lived in supposedly sold, and we had 10 weeks to find something. All 3 places available were in a bad neighborhood or more than half my monthly 8nc9me for a 1 or 2 bedroom. It was cheaper to buy, and thankfully, I had savings. But even buying was hard due to the market. It killed my excitement about buying a new home; I bought a "this will do" house in good shape, and am grateful it came up last minute

[@xuimod]

I remember not to long ago when some financial advisors thought renting was better than buying in many cases. Where are those financial advisors now? Will they admit that was terrible advice?

[@richardmolina5274]

$1300 for one bedroom the smallest $400 down payment $100 signing fee $40 covered parking $30 trash fee $20 pool pass $50 pest control now how in the hell can people afford that

[@luciemedici]

I’m renting at $1,650 - increase of $150 in 2021, not sure what’s going to happen this year :(

[@deborahfreedman333]

My property taxes were $10.5K last year, and $13K this year. Not sure what will happen next year.

[@TheBestLife2184]

@@deborahfreedman333 ------- Biden is highly connected to Blackrock. Blackrock is a 9 trillion $ corporation buying up homes over asking price so people can't afford homes. It's all part of the evil new world order plan. ----- As Dr. Phil would say, how's that atheism workin out for ya America?

[@caligurl8770]

She’s either a military veteran or spouse of one she receives hud-VASH (housing in urban development-Veterans assistance for subsidized housing) I know because I’m a veteran I fell on hard times I’m a single mom of 3 kids and on hud-VASH and this program is legitimately a life saver I’m so grateful because me and my kids were in a shelter before I learned about the voucher and now I’m in my own place with my kids going to school full time for nursing and getting gi bill money which also helps with our expenses. I do t wanna 💩 on the VA but I do not understand their system or if it will ever change for the better but a lot of programs they offer really do help vets out who are trying to keep their head up above 💧

[@artsafact_official]

Rents been too high in the Bay Area for over 10 years and now y’all care?

[@danieltaylor8382]

A lot of people don't care about others. There is no problem when it's YOUR problem. When it becomes THEIR problem now it's time to do something. People need to realize that what happens to a few CAN happen to a lot. We shouldn't tolerate injustice anywhere because it may happen everywhere and THIS IS AN INJUSTICE!

[@paulkenny5052]

It's not that no one else cares, it that there are places that are very expensive, and places that are more reasonable. Ever consider relocating to a more affordable area? Living in the Bay area is a choice.

[@artsafact_official]

@@paulkenny5052 you can say that about literally anything bro stop being devils advocate

[@miaflowers3572]

@@danieltaylor8382 -Perfectly said!

[@nayjavu]

Move out the bay area. I don't understand this idea that anywhere you want to live should be made affordable for you. It doesn't work that way. If it did I'd be living in hawaii.

[@ImSimplyAHuman]

I recently left south Florida. In 2020 I was paying $1299 for a tiny studio apartment and offered a renewal at that same rate in February 2021 (I declined because I was leaving for the summer). Six months later, I called back the same apartment complex and my studio apartment went from $1299 a month to $2640 a month - and they have a waitlist almost a year out 😳

[@Sunburnrocksl0]

Rent was going up before the pandemic. daughters 2 bedroom 2 bathroom. 3rd floor apartment went from 1200 to 1600. So we just had her move back home. Not sure what it is now.

[@stephenpoole5331]

It appears more and more of that going on (when possible).

[@jazziered142]

I am going to buy my van and live in that. My rent went up 25% and I am priced out of the housing market where I live.

[@chrislee253]

This just happened to us I live in my landlord house for 6 years paying 1650 he went bankrupt and had to move back in his childhood home now paying 2400 couldn't sleep for 2 months thinking how I'm I going to cover it but i thank my lord he makes it happen 🙏

[@HiddenAgendas]

They need to get rid of property tax. Problem solved.

[@yfna1]

Its funny that landlords expect their tenants to cover the cost of the property the landlord owns AND, derive profit from that agreement as well... They are getting other people to pay for what they own.

[@HiddenAgendas]

@@yfna1 Not funny at all. If price of keeping the property increases, LL will raise rent. Renters shouldn't be complaining at all. There is a reason why they rent and not own. If they knew how much it cost to own a house, they would STFU about rent. Oh wait, they KNOW exactly how much it cost to own a house. That's why they rent. lol Renters need to thank Landlords for providing a roof over their head. Because without LL, renters would be homeless. No way in hell renters could afford a house without the help of Landlords!

[@Oldfashionedcowboybebopjazz]

@@HiddenAgendas the hubris of rich people. Learn your history.

[@willowvons]

I would have rented out my 3/3 and moved overseas except that the laws are such I could not be assured that a renter who does not pay would be easily evicted. I could end up losing my house to a squatter. Give us small landlords some protection, and many more homes would open up for renting.

[@ajilebranch554]

DeathSantis took $7 million from the real estate lobby🤫but hey, at least you guys got a ban on history and math. Seems fair.

[@jilliancopeland6825]

And disney which will increase the bills for more Floridians

[@janzzen1]

But hey, at least they owned the libs...

[@stephenpoole5331]

Do you practice, or does it come naturally?

[@Mr4real68]

My Rent jumped 300 this year and we're in a housing program, the price we're are paying Is less Then average for the size, we been here in the same place over 12 yrs but the landlord hasn't gone up this time it's the program as we get Raises on the job The more we pay, we really don't get ahead Regardless of what bring home here in Florida And they're building houses left and right That no one can afford..

[@Rnankn]

Markets don’t work, you need a state or national housing policy that controls prices and allocates based on need not demand.

[@john_i39]

Seems like you need a 1 Bedroom Apartment with 10 people working just to live 🤦🏻‍♂️

[@rell127]

I always find it strange this was never a problem when gentrification was happening to black people and brown people, yet suddenly "non" poor whites are effected now it's an issue.

[@kidneycarecoaching3766]

Damn you got a point….

[@rell127]

@@kidneycarecoaching3766 I mean hell look at the drug war, it was zero tolerance, then suddenly little Jimmy is on heroin now let's change our approach on how we tackle drugs. I grew up when Crack was heavy in the streets they didn't have that same energy then.

[@Orbt_]

And we kept giving money to foreign nations but neglect to help our own countrymen and women.

[@Iworkwithnitwits]

President Biden wants to give the Ukraine 33 billion. God bless the Ukranians but we take the shirt off Americans to give it to them.

[@stylefoodwithlaila4914]

Damn shame...a disabled veteran should not be struggling to housing. Our government should be prioritizing housing, health and food supplement for our veterans for all they gave and risking their lives. Yet, we spending billions in Ukraine, Afghanistan, Iraq and so on

[@vivavasquez]

national rent control is desperately needed . thanks for this report , people need to put pressure on politicians that talk about homelessness as a substance abuse problem and start reminding them of who they are supposed to serve . or vote them out of office .