RECORD-BREAKING Rental Vacancy SURGE! - HIGHEST In 30 YEARS!

With this recent surge in available rental units, there's no doubt it's going to put downward pressure on rents, and will be a good thing for tenants. But it's also gonna be a good thing for the housing market in general, because as renting, becomes a more appealing option more people will opt for it, whether out of choice or necessity, and will further reduce the pool of homebuyers competing to buy houses.
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s KZbin channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, KZbin, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[@MichaelBordenaro]

The Condo CRISIS JUST GOT WORSE! Owners FACING MILLIONS IN REPAIR COSTS! kzbin.info/www/bejne/gnW5ZZh8rJmno7s

[@acimbobby]

They say seafront in danger as sea level rises and weather extremes. So they are moving on that right now. > See> This Is John Williams

[@shawn-wp2vs]

Yes they are going to force people out of their beach oceanfront homes.

[@alexandercage2500]

Rich mans land is the sea shore@@acimbobby

[@ayo9057]

I'd like to see a developer sell decent 1200 sq foot homes for under 200.

[@GrzegorzDurda]

It can take 10 years in paperwork top get a luxury complex going and a few years of construction. By then the market can completely shift and the investors and builders are left holding the bag with near unsellable units.

[@tatianastarcic]

For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.

[@Michaelparker12]

Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@BridgetMiller-]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@nicolasbenson009]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@berniceburgos-]

Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?

[@nicolasbenson009]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@sunnygirl9691]

Vacancy rates are high because the rents are outrageous!!

[@eugenefirebird8938]

I'm surprised vacancy isn't 100%. Let the landlord pay their own expenses.

[@mangodiet801]

yes, correlating with the increase in homelessness .. get your passports, americans can travel visa free to over 130 countries, way cheaper overseas, don't let the media keep you brainwashed, don't be afraid to learn a new language

[@Matt_K]

The goobernment will fill those vacancies with all those new "residents" coming to this country to vote.

[@SAMSON12321]

Clearly Michael is disconnected with the reality of rent cost, job destruction and inability of people to pay.

[@dustywilson5461]

People moving in with their families (parents) to mitigate housing expenses... that's probably what's happening.

[@greenlight6913]

Vacancies are due to no one has money to pay rent. They all moved out to mom & dad's house.

[@realestatebykemi]

And for every roommate situation, this cuts # of apartments actually rented in half, leaving more vacancies Years ago people could afford to live alone, not anymore.

[@dianamew]

This is likely the main reason.

[@peppermintpatti5152]

Exactly!

[@feilisong24]

About 1 in 3😢

[@Patrick-yh5yd]

Like my kids did.

[@JessicaRamosMaskiell]

The rent is still sky HIGH!! So stop tripping 😡👎🏼

[@MX-CO]

Rent is so high that I bought a used camper to live in, im tired of paying the majority of what I make for rent!

[@bonnielizarraga7941]

I want to do what you did

[@MX-CO]

@bonnielizarraga7941 Yup if you have the ability to travel it's doable, I got the cheapest thousand trails membership, Its $42 per month. It's kinda like a gym membership but for camping. They have 200 camp grounds all around the country and you can stay up to 14 days at a time with the cheapest membership. They also have more expensive options that allow 21 days. And some monthly or seasonal rates.

[@rolandthethompsongunner64]

There maybe a lot of new apartments available but I don’t know a single person saying their rent has gone down.

[@colemanjr]

These apartments know what's going on. It's greed.

[@davidframe1613]

No one's rents going to go down until you renew your release I have a family member just went from a one bedroom to a two bedroom for the same price. You're going to save money when you renew your lease if not move.

[@highpriestessearth]

I agree with this statement 💯

[@william-fla-321]

@@GothamsFinestYou forgot to mention home owners insurance. Mine has doubled two years in a row.

[@drake_leo2152]

@@colemanjrgreed? or maybe idiots that bought to high and will lose everything because the can’t pay their business loans

[@LunaticKD1991]

Rent is no more viable than buying a home. Rent is far too high compared to the income that people actually make.

[@user-db2ob2jc2f]

Very True. The Ratio between Earnings vs. Spending is "Dangerously" way out of Proportion.

[@nicolcacola]

Rent is more viable if its more affordable than the cost of owning.

[@user-db2ob2jc2f]

@@nicolcacola "food" is at the point of non-affordability, let alone house or rental place.

[@nicolcacola]

Missing the point that Michael never said things were at a point of affordability. The difference is the better of two options. @@user-db2ob2jc2f

[@jonathantaylor6926]

What's sad is you have people in their 50's making mortgage payments that are less than renting a 2 bed apartment. People making six figures, living in a nice single family home with a smaller monthly nut than than some poor 25 year making 20 bucks an hour.

[@nikkione1608]

We live in Tampa and our rent for a 2 bed 2 bad is over $2100 a month. The rent has not dropped. We are seriously considering moving back to our parents house in our hometown in Maryland. Florida sucks!!!

[@realestatebykemi]

You absolutely should. You will save so much money.

[@trump2609]

It gets weird having roommates

[@lostcanyon777]

CA is way worse!

[@justinallport9789]

Florida may suck, SO does Maryland, but, if you can come out on top,moving in with family ,might be the best option "

[@user-qh9bb8tx1n]

Amen

[@asadianbelifont3875]

2012 I rented a large 2 bedroom apartment for $650 a month in a nice complex. Literally the same apartment in the same exact complex is $2600 a month. Rent literally tripled in 12 years

[@KillPill6233]

Literally quadruple. x4 is wild!

[@francismarion6400]

Vote TRUMP2024

[@calikidd80]

@@francismarion6400Why would anyone vote Trump? He caused this mess with massive money printing and keeping interest rates artificially low for way too long. And it will be what he does again if re-elected and really destroys the economy.

[@Fx_-]

Private equity firms got into real estate. Fight them.

[@Viperauora]

That's a lot of extra money.

[@mistiinseattle]

Ha. I just got a $108/month rent increase. if you think they are coming down I sure don't know who you have been getting your data from.

[@blackworldtraveler3711]

What affects you isn’t the entire country.

[@Xavier60Ha]

Same here we got a $300 jump told the landlord we moving out

[@robertgrey5993]

I say check around.

[@b12345bb]

his imagination

[@civicboi96]

If you can tolerate it for a while longer that's okay but before you sign another lease definitely consider moving before they can raise it again next time.

[@rabidgoon]

Part of the reason that there are a lot of vacancies happening in apartment buildings is because a lot of people are trying to move out of such buildings and rent rooms in other peoples houses instead.

[@iShowUnusualBehavior]

Im too introverted for that

[@networth00]

@@iShowUnusualBehavior Your budget says otherwise.

[@sir1junior]

This is exactly what I'm doing in a 3 bedroom house, best decision I ever made.

[@loisaustin6200]

People are also buying vans and rv's/trailers and putting them on a patch of land they own and refusing to pay these crazy rent prices.

[@venturabushcraft5916]

F the rentals. Get a van then buy a house when it crashes.

[@duancoviero9759]

Srry, not an option for everyone....

[@Michorida]

Don’t jobs not hire you if you don’t have an address?

[@duancoviero9759]

@@Michorida you can always get an address from your family or friends.

[@venturabushcraft5916]

What jobs? I don't see any jobs hiring.

[@LL-qj5vg]

where are you going to park the van?

[@gordonharlow4373]

We were evicted from our Southern California apartment after rent was raised $1000 just over covid. I purchased a few acres of high desert land for just two months of rent. We will NEVER again rent!

[@retire14pattaya9]

So are you going to build on the desert ?

[@ljubomirculibrk4097]

Las Vegas was built on?😂​@@retire14pattaya9

[@mdjones905]

Never, ever rent, no, no!

[@proudgrandma138]

What area? Lucerne valley? Wells in Calif are $70k. I just left the high desert for northern NC, bot 26 ac with a stream. Gorg. Wells in NC are $7k. Check the restrictions where you bot bc there are tricky ones. Am going to raise my own meat etc

[@gordonharlow4373]

Yes Lucerne valley. We have to be not too far from Kaiser right now for health reasons and we have a business in So Cal. That said no more 4K rent and clean air!

[@PedroGomez-xf3be]

Rent is expensive

[@juannevindez6969]

Maybe try and watch the video. He’s saying rental inventory is increasing in places like Austin, Nashville, Jacksonville, etc. not everywhere.

[@tidey4]

Exactly when I was in college I was able to afford a 600 a month 1 bedroom. Most kids are staying now off days are staying home, or living with friends.

[@peterwilson9327]

​@@tidey49

[@brianborkowski5977]

People are missing what he said....that home prices/interest rates are still high so mortgage payments are twice that of rent. This is historically not normal

[@daraledet542]

Well I’m in St. Petersburg I would say respectfully that’s a big no.. rent is still high.

[@fredkraus9180]

I live in Largo...rent is still going up !

[@ufcman8015]

st pete also. i know a guy paying 1400 a month for a 2 bedroom apt in a crappy area of Pinellas park.

[@daniglesias3997]

I was paying 2k for a 1 bedroom.

[@johnspelman8976]

The supply and number of places sitting of rentals is climbing there very quickly, hopefully it'll startbdropping

[@judyg9976]

​​@@ufcman8015I live in St Petersburg where 2 years ago I was paying $800 now $1400 for a 2 bedroom mobile home.

[@backyardbreeze112]

The prices they are charging to rent ANYTHING.....are insane. Nobody in their right mind would pay those rates. Young adults are staying at home and saving money until prices come down to a reasonable level. Very smart of them.

[@rennmaxbeta]

Those young adults will be living at home permanently then, nothing is coming down in price..

[@loisaustin6200]

Lucky mom and dad, those kids will never leave.

[@lancebennington5327]

I use to rent 9 years ago. It was $900.00 a month. Same apartment today is $1700+. Make it make sense.

[@duancoviero9759]

Inflation....blah,blah,blah.... COVID...blah,blah,blah..... supply chain.....blah,blah,blah

[@stevegoodman3692]

It's just Biden policy. There is no need to look aware eles

[@francismarion6400]

FJB

[@estuardo2985]

And depending on the area 900 dollars you got a nice apartment. I had an attached garage apartment for slightly less than that 9 years ago. That same apartment is now 1500.

[@proudgrandma138]

The math aint mathin!

[@hulk-smash-deez-hose.7951]

Your the only KZbinr that does a lot of walking throughout your videos, and that’s very healthy, most people don’t understand how walking is a huge benefit towards your heart, and cardiovascular health, much respect mr boredenaro.

[@karlnordinger5968]

Fla is the most deadly state in the nation to walk or ride a bile - electric scooters are even more dangerous and banned in some Fla cities . I walk on the beach before sunrise & catch fish . Bordenaro's going to get melanoma .

[@stevenphillips3466]

My mothers house went on the market two weeks ago ...lasted thru the weekend after they had an open house . It had 6 offers by monday and 2 were cash . She got 50 K OVER asking and sold in 4 days ..... In upper Nevada

[@networth00]

The government printed too much money... now everyone has a million in cash somehow.

[@KayFabe87]

People escaping the woke hellholes in California, Oregon, Washington.

[@loisaustin6200]

Where's your mother moving to?

[@Pfsif]

Last year my landlord raised our rent $500, we moved and nobody would rent at that price. A....hole.

[@johncorson6599]

Cudos

[@nicolcacola]

Renters have to be willing to move to get a lower rated price.

[@margaretmcnamara2717]

So we're supposed to move to these states to get lower rent and what about the jobs hello

[@reneehouser2925]

​@@margaretmcnamara2717 I'm sure whatever "job" you have probably also has options in other states 😂🤣😆 you don't need palm trees to do what you're doing!

[@jugguknoxxunorthodox2365]

They thought they had their tenants trapped, nobody has to stay there. Landlord found out the hard way.

[@marvinphillips1326]

The vacancy rate in apartments is so high because people are living on the streets or squatting in empty houses-not in apartments.

[@user-gx1bm3td2q]

No adt security. Just smith& wesson

[@pedros1]

true

[@OGJeff685]

or in boats, or in their parents house, or in RV's.. we figured something else out.

[@marvinphillips1326]

OMG!

[@dennistyler9852]

Or trespassing and breaking & Entering a home while someone went on vacation and call themselves squatters.

[@janethill4365]

In 1973 I moved to Boca Raton, my rent was $85.00 monthly for a one bedroom. I made $125.00 per week.

[@autokorrektor8166]

I'll remembet that if I ever go back to 1973..........

[@rolandthethompsongunner64]

The good ole days.

[@janethill4365]

@@autokorrektor8166 glad I could help

[@ByDesign333]

Could these luxury dwelling builds be for squatters and illegals somehow? Things going weirder by the day!!! (Hmmm...intentionally )

[@christophercooper2208]

In 1982 my rent was £8.92 pw for a large room in a shared house

[@johnb-qw9sp]

Salaries are where they should be. The problem is that our government overspends and overtaxes, which causes inflation to far outpace income.

[@ohionaturegirl7686]

Yes...this is not understood by most people.

[@MsD11W]

They’re vacant because the rent is too damn high! It needs to come down.

[@joewiehr1931]

They will have to or sit with them empty and run the risk of squatters taking over.

[@Yggdrasill8]

Yep, not my problem if the landlords cry and complain

[@brianrash9885]

When the crusty old boomers at the central banks lose control, then prices will start falling.

[@TheyRiseBand]

Even the cat thinks the rent is too damn high!

[@Bella_Malk]

State Farm insurance just left California.

[@jonathantaylor6926]

Turns out they like money.

[@pedros1]

insurance is scam

[@btg45f8z2]

They are cutting about 2% of its total California policies to ensure “long-term sustainability”

[@pedros1]

@@btg45f8z2 2% is nothing

[@pogiboy3571]

Like a good neighbor they will turn on you.

[@pointnIaugh]

We must now focus on removing home owners associations in Florida.

[@networth00]

Or get Karens off the board.

[@crazydayz1080]

Yes. I never understood the point of a HOA.

[@christinalopez6610]

Absolutely. These gated communities also hinder the flow of traffic. They all need to go.

[@pointnIaugh]

@@christinalopez6610 My gated community is useless. One person opens the gate, and a hundred cars follow them in.

[@williamtiffee3799]

Temple BAR (and bank) sanctioned, mis- governing, narcissistic, control freakster mis- managed "theft by deception..." monetary- extraction, parasitism. (Masquerading as: "Property Management." Which is quite often also: a "scam.") And they're running much the SAME scam(s) internationally... by 'weaponizing' what should BE "a basic right." (i.e. AFFORDABLE "housing!") @@crazydayz1080

[@dianezielinski6664]

Always hated renting. I'd rather have a house - no hoa, own my walls, decorate or paint the way I want and a yard. No one telling me what I can/ can't do.

[@jameswolfe9451]

I watch you daily, I appreciate your " walks around" your boots on the ground showing everyone what is really going on.

[@rebekahfisher8585]

😂

[@noreenn6976]

wonder how many steps Michael gets in?

[@markcurranjr7366]

I stopped paying rent years ago. Not by choice, and now I only rent when Im in other countries. I live in a van by the river for my favorite price $0.

[@EarlGray007]

My landlord was fair with me only raising my rent 15.00 this year. It's really up to the landlord some are cool some not.😃

[@redpillscholar560]

Rents coming down?? A great time to rent??? You’re living in an alternate universe 😂😂😂

[@Delanoay]

He's in the KZbin finance influencer universe. They're all going on and on about the "crash" they predicted. They've somehow convinced themselves and a good number of gullible people that are coping with this shit economy.

[@selfgifted8295]

Probably he’s talking the next few years Coming🤷🏼‍♂️

[@ranb8]

Compares to buying yes. Vs 2022 yes.

[@davidhunternyc1]

Yep. Here in NYC, rents are up. Buying is up. Everything is up.

[@ayo9057]

In Chicago rent is crazy high.

[@madalina335]

Rents are starting to come down significantly in some parts of metro ATL. Also, that poor, poor kitty's desperate meows and pleas tugged on my heartstrings! 😿 Let's not forget these innocent furry creatures, who are just trying to make sense of everything going wrong lately and who are just navigating their way through this super dark, twisted, and crazy world ... just like we all are doing. 😥

[@realestatebykemi]

Where are rents coming down? I live in Gwinnett & haven’t seen any such declines.

[@Seeingisntbelieving]

@@realestatebykemiI’m in Sandy Springs and neither have I. 😂😂😂😂

[@madalina335]

@@realestatebykemi in some areas around Hall Co and I heard some places in Gwinnett too. One of my friends got their renewal letter and the rent went down by 50 bucks.

[@Blaine978]

Coweta is still ridiculous

[@billredding2000]

@@realestatebykemi They are in Colorado Springs (CO)...but since it's generally expensive to live in CO anyway, some people may still not be able to afford renting there. However, I'm talking about the MANY Class A "luxury" apt complexes CO has, and in the nicer/scenic and more upscale (and fairly newer) parts of town. And more complexes are currently being built -- which helps lower rents there. Where I am now in TX, rents are outrageously low. In fact, when I signed my 2nd 12-month lease here (last October), the rent stayed the same. No increase. Not so in CO, but I would prefer to be living there than here, and hope to move back there come late 2025...and hopefully by then the mortgage interest rate & house prices come down big-time. Or I'll just stay a renter. ;-) -- BR

[@johnoliver4199]

I live up North. 7 years ago I could not believe how cheap I could buy a small place or rent a little place in Florida for 6 winter months. That all radically changed.

[@noreenn6976]

Florida isn't cheap anymore

[@bryanspayde5681]

Also in the 80s. The standard was never purchase a home that’s more than you make in a year .. if you make 50k. That’s all the home you can afford a 50k home.

[@william-fla-321]

I remember it a little different. It was twice your yearly salary. If you made 50k, you could afford a 100k home. My first home was 12 percent interest rate and by owner.

[@jlseagull2.060]

Back then housing was more affordable. If you had a job with steady income, you saved the down pmt to buy a townhouse then upgraded years later. Back then you could buy a house in Sunset, San Francisco for 200k!

[@breadnaut3087]

Where are these 50k homes? Ill take 2.

[@francismarion6400]

​@@breadnaut3087Only available for FJB's new voters.

[@sandyp6523]

​@@breadnaut3087My parents' ranch house in Eugene, OR...in 1987. Then a 100k house in 1992.

[@warrennordyke7718]

Austin average rent $1,300/month ??? I created a small 500ft ADU in the Silicon Valley, and rent it out at $2,500/month. Almost no vacancies in the Silicon Valley.

[@mnn1265]

FL is a horrible place to live so no wonder they have these problems there. He should come try to rent an apartment in a city in CA and let him see how very different things are here... people actually want to live in CA.

[@Zayn0880]

Michael, please cover the squatters story that’s nation headlines! I’m curious on your take! Thank you 😎

[@soquick69]

It's such a small problem. There needs to be common sense laws to stop it. It's used by the national media to drive clicks. A problem made worse by making housing unaffordable.

[@TheTurdballs420]

He lives in Florida, they don’t have that problem there because it’s not lib in Florida. The sheriffs are on record as encouraging Florida’s home owners to 2A squatters 😉

[@SA-hz1rs]

@@TheTurdballs420 it is a problem in florida. durrrr. Everyones leaving your state anyway lmaoooo

[@Jack-pd4ps]

I’ve seen some high rents in my area. And they’re not going down. People waiting want to hear that the rents are going down to make waiting feel like it was a good decision. Rents in my area was $800 per month and townhome mortgages were $1400. 5 years later, rents are $1400 and mortgages are $3000 for a townhome. Rent is not going down and landlords are making a killing especially if they bought in 2019 and began renting after 2022.

[@michealsizemore1]

I just received an email today from my apartment manager that they are now accepting bi-monthly payments, which makes me think that some people are not making their rent payments on time or not at all. I live in the Boise Idaho area. I find it very interesting. My rent has not been raised in 3 years, which is crazy when you think about it.

[@Winterascent]

Sounds good, actually.

[@michealsizemore1]

@Winterascent I am definitely not knocking it, and it is good for the renters. I have rented my entire life (50 years old) and have never seen this before.

[@tlindsay1007]

That's a good idea. If renters are getting paid twice a month, they're probably more apt to pay the rent instead of spending it up.

[@melissaacevedo9490]

I received the same message where I live about bi-monthly payments which makes me feel like people are having challenges paying. I’m in NC.

[@michealsizemore1]

@@melissaacevedo9490 I agree 💯

[@chicago-l9125]

I'm glad to see the vacancies sit vacant. And I hope they stay that way for a very, very long time. I got no sympathy for investors, developers or property owners who promoted this garbage all in the name of GREED.

[@francismarion6400]

It's called Inflation

[@anthonymendoza6210]

@@francismarion6400Caused by Greed. J Greed to be precise. The JKabal(the Fed) have no problem sucking this country dry.

[@kilnmaster]

This whole show is based on greed. F all you complainers. Landlords have increased costs. Keep voting democrats and woke socialist agendas.

[@kingalainc1]

If the mortgage is high then the rent will be higher to cover the mortgage every month. The fact is you have no clue what that investor or Landlord is paying on that mortgage so your claims of greed are baseless.

[@bi0lizard1]

Exactly! Greedly AirBnB investors, large corporations like Blackrock have destroyed the housing market. And our government sit ideally by and does NOTHING to protect its citizens. Why, because the capitalist country runs in greed and corruption as well. It’s disgusting. They should have stepped in and put a stop to these investors taking over the housing market. It’s would be easy to do… just tax it so heavily it no longer lucrative and those piece of shit capitalist pigs will move on to something else.

[@bboy96291]

everyone moving in together because the rent too damn high!

[@user-db2ob2jc2f]

There is no such thing as "Luxury Apartments" or "Luxury Homes". It's just a Myth.

[@surrelvision1538]

For luxury, read premium priced. 😌

[@mysightofthings]

Rents are coming down big time here in Florida. 2yrs ago, a 850sqft 2/1, no garage was 1800-2100. Now that money gets you a 3/2 or a 4/2 newly built. 1350 to 1450sqft, with garage.

[@jbenevy]

What are you smoking? Most jobs wont pay more than 20 an hour and ALL rentals require your earnings to be 3x your rent. THEY ARE EMPTY CAUSE NO ONE CAN AFFORD THEIR STUPID HIGH RENT.

[@loisaustin6200]

Or their stupid requirements. It has always been first and last month security deposit was enough to rent a place, not anymore. They want an arm and leg thrown into the bargain and information on you since birth and on and on and on.

[@lauries608]

Yea no one wants to live in a corporate prison apartment. No way am I going into a corporate apartment. Worst sharks on the planet next to lawyers and public storage

[@dallaslooksmaxxer3505]

I can confirm! I'm renting a pretty sick loft in mid-town Dallas for $900/month. Almost reminds me of pre-pandemic rental prices💯

[@pegasus8873]

I heard illegal immigrants are available immediately and happy to ‘move in’ and take over your empty rental.

[@ncscooterz]

And……… they move in and we all get to pay for it so the cost doesn’t matter to them……. Along with their food and health care etc…… It’s criminal and totally out of control like I could y ever have imagined. The fact our government is literally just printing money to give to any and everybody EXCEPT Americans right out in the open is mind boggling. Do they think this won’t come back to bite them in the ass? The only way it doesn’t is if they have a very dark master plan ……….

[@jesusisking8502]

Thanks to 100% from the Big Guy.

[@movdqa]

Vacancy rate in Massachusetts is 2.5%. Property taxes, insurance, landscaping, heat, maintenance costs are all rising. Rental vacancy rate in Portsmouth NH is 0.6%.

[@WORKSbaby]

They should increase the wages in Florida if you wanna have prices like New York you need to pay like New York

[@msbebelle07]

To much people came with immigration open, so the demand skyrocketed, same is happening in Canada…

[@jericherry3374]

I think it is due to greed.

[@msbebelle07]

@@jericherry3374 that yes, but greed can happen because they find clients who will pay, the minute the clients don’t buy or rent the owners/landlords will lower their prices and be less greedy to be able to compete against each other to have the clients….

[@kolbpilot]

I'm in the mid-west. Renting from a small family. The rent has not gone up (or down) in the 10th year I've been in this small two room house with a yard. And although it's kinda' expensive for me, it is a fair rent price. However, the father who put all this together has passed away several years ago now. The mother lives close by but is aging. I don't think the two genX children are interested in keeping the property (there's a duplex on the property too they rent). So, I have to be prepared that eventually I'll have to leave.

[@khukri_wielderxxx1962]

Neither owning NOR renting is good right now. The inventory may go up, but the prices are still FAR too high for the quality.

[@barbbielski3830]

I like your content, got my sister and brother in law to watch. They were buying my dads condo, because he passed away recently. They decided not at this time because the HOA. We live in Michigan and we all wanted to move down there after retirement, its to crazy now!

[@sarahann530]

Now somebody else will get the condo at a knockdown price

[@marysaltlife1427]

I agree. Ohio wanting to move to FL too, but just too crazy right now.

[@sarahann530]

@@marysaltlife1427 Too many Northerners thinking they can live there cheap

[@marknewton6984]

Snow.

[@mama-cant-dance]

Not around here. I live in a rural area in the south where rental houses are very much in demand because people are fleeing cities and coming here. I can totally see that the cities might have to lower their rents to fill these rentals.

[@FRITO.BANDITO]

Rural Northeast Georgia here. You’re 100% correct…. It’s sad for the locals that are being pushed out….

[@jasond3169]

South FL still crazy high, but it’s not increasing where we are in Broward county.

[@WarGamersChannel]

Shhh don't give them ideas.

[@networth00]

It can't increase anymore, it's already maxed out.

[@thereallegend4lyfe]

Would rather live in a car or storage unit than rent

[@tonyjohnson7290]

A landlord would rather you do that as well.

[@jesusisking8502]

@@tonyjohnson7290Good. Nothing worse than having to deal with SLUMLORDS.

[@stevegiblin270]

Greed! Greed! Greed ! Why? Steven US Navy Vet!😊

[@stevegiblin270]

I agreed 👍

[@jessies6502]

And the powers that be are moving fast to kill both of those in their crib. Storage unit design is being changed to keep security but destroy privacy; state and local governments are coming down hard on any form of camping, particularly long term camping. Now what they think we're supposed to do between this legal rock and hard place, I have no idea.

[@lisagardner903]

I dont know where he is getting his info from but rents are increasing here in Central Florida.

[@networth00]

They stopped increasing.

[@615mays8]

They rather hold them empty units instead of helping someone by lowering the prices.

[@overwhamming]

Vacancies in my area due to young people moving back in with their parents because the Boomer spending in the government has completely ruined their chances of having a good life.

[@Blaine978]

We sacrificed the young having a decent life for the old (that were well on their way out anyway) during the "pandemic". Haven't paid tax in a minute because of that. I'm definitely not paying for rent and I'm taking full advantage of government money. Sorry taxpayers but it's time to stop

[@francismarion6400]

I didn't vote for lockdowns.

[@Blaine978]

@@francismarion6400 I'm definitely not a dem but this happened under Trump's government. The government, the media, and the mentally frail allowed this to happen. Screw all of them. The main problem is that the gov has too much power and the unworthy American voters let them have it. some a holes in suits announced a "pandemic" and lied top to bottom while many of my fellow Americans cheered it on. I will never forget or forgive them for trying to force a mystery juice into my veins and destroying economic opportunity. This country is done but most people don't want to admit it.

[@LL-wu8zt]

Wow! You think you will stay young forever.

[@tlindsay1007]

The current government is sending trillions of our taxpayer's dollars to other countries, including terrorist countries (due to our younger generation's pro-terrorist protests), and to help our allies fight wars that were allowed to happen under Biden's watch. Thanks to him, we have rejoined the one-world government orgs for which the U.S. taxpayers are paying far more than any other country. I don't believe the majority of Boomers are for this reckless spending. If our government leaders were held responsible for their ridiculous overspending, and be required to stop getting into any more debt, there would be plenty of money to pay for actual needs, rather than our wants and politicians' own lust for their power.

[@estuardo2985]

Yeah, they are even "renovating" crappy older apartments but adding the faux granite counter tops in the kitchen and then calling them "luxury." However, they are still crappy but with a couple of upgraded fixtures.

[@blackworldtraveler3711]

Easy to know the difference so not a big deal. Saw many flipped homes like that when shopping for my second home in 2008 after housing crash in four states. Had to pay close attention to the cheap laminate hard wood floors as well. The true renovators will have receipts and warranties for floors,countertops,fixtures,etc..

[@jdill6392]

Vacancy rates in Nashville are Waaayyy above 11%.!!! I do contracting in all the abandoned Condos downtown...

[@tlindsay1007]

Have the rents come down, accordingly?

[@atomiclitterbox8526]

I wonder if the high vacancy rates are due to people leaving (fleeing) the cities because of the feared impending SHTF event? Not to mention the high crime rates and other nonsense in the cities..

[@Shinukuro]

I hope that kitty makes a return appearance. It was adorable!

[@jayjay-bz3rr]

My mortgage is $873 a month. Which is less than some rent payments

[@marknewton6984]

And you get Equity..

[@jayjay-bz3rr]

@@marknewton6984 Yes

[@tadjanaszek8851]

My is the same Property taxes vent up 2000 a year Insurance 800 U never win and never Own the house in usa Sorry

[@user-pi7ud6ip8d]

Up here in Toronto and Montreal the vacancy rate is 1.2%. It is renter's hell.

[@bryanspayde5681]

The zero interest rate was a set up for failure.. in the 80s I paid 14 percent interest with a 800 credit score for a home mortgage.. home loan interest rate’s should be well above 10 percent today …

[@sarahann530]

The bank made money on you

[@bryanspayde5681]

@@sarahann530 the bank always does…. Only a fool thinks they don’t.. the interest you pay on your loans? Yep the bank makes money on you …. 14 percent home loan interest was normal in the 80 s ….

[@user-lh5re8jh7u]

Houses were much less expensive then in proportion to income.

[@anteem3055]

Im sure you refinanced when thry went down- lol

[@johncorson6599]

@@user-lh5re8jh7uBingo!! The interest rates were slammed high because the masters of the universe in money printing went off the gold standard for international trade settlement in 1971 and when the silver gold prices started to run high .. the Paul volker crazy bankers at the federal reserve had to jack the interest rate like crazy to keep ppl believing and having confidence in their funny money printing scheme .. it’s time for the system to be reset

[@billping2633]

I have seen rental prices drop in my area. last year I moved to AZ. I just renegotioated my rent down to 750 a month for a 1 bed 600 square foot stand alone condo in Lake Havasue City. I am on the south side of town. Which is a desirable area. Now there are some low end apartments listed in the 800 range but they have been vacant for 60 days or more. The investor that owns my unit has 7 more units in my complex. So its not a like dealing with a large company. When we negotiated the rent he is well aware of the challange of finding good renters. So if you have a good job and credit now its a great time to move or renegatioat your rent or lease.

[@barkbros123]

How are you brother! You should walk around there again one of these days and give that little guy some food ❤️💯

[@Theholmesreport]

I live in Australia. Massive immigration has caused massive spike in rents and now most are unaffordable for the average salary. I earn 150k a year and don't qualify for a 4 bed house anymore. Only a 2 to 3 bed condo. House prices are 2 million for shit box in city. 1 million for a home 40 mins out of city. A condo in city 2 million for decent one. No one can afford them but foreign investors buy them all up with dirty money as our laws are non existent . Australia is broken and now we have tent cities everywhere. All because of the UN and mass immigration policy enforced on the west

[@LisaGrace]

USA is becoming like your country.

[@davidbrayshaw3529]

I'm in Australia, too. Sydney is a nightmare, but anywhere else, if you're on $150 k, you can buy your way into the market. Renting is a nightmare, here. Especially in Victoria. Landlords down here are selling up like there's no tomorrow. Sydney might be expensive, but Melbourne's going to be a city of tents in a few years time.

[@BruceLee-xn3nn]

I'm in America and I remember in 1992 my hometown had a flood of Mexican immigrants come in and rent doubled overnight. Mexicans can live 10 to 12 people in a 2 bedroom house or mobile home and share expenses but Americans don't want to live like that.

[@kevoreilly6557]

The racism here is quite spectacular

[@davidbrayshaw3529]

@@kevoreilly6557 It is very telling of an individual's personal insecurities when rather than seek clarification of an issue, they choose to issue insults and innuendo. While I can't speak with absolute confidence as to BruceLee's character, I find his reply to be in context of my original post which highlights the inflationary nature of increased demand relative to supply in Australia's rental sector. The fact that he stated a "flood of Mexican immigrants" and "Mexicans can live 10 or 12 to a house", is an observation, it is not racism. That is, of course, until someone sees an opportunity to create the illusion of moral superiority by simply issuing an insult.

[@PureSwank]

Should I be a bum and live in someone else's home, rules, and limitations or should I own my own land, home, my rules, do whatever I please at whatever time I please. I'll take my estate. Thank you. I got my education and work hard so I can avoid living like I'm back in college.

[@marknewton6984]

Good points.

[@user-vy6xw5lb5l]

Yes. Luxury Apartments. What about all the homeless that cannot find a low rent place. Or the working that live in their cars because they cannot afford their rent.. If I had a apartment complex I would rather had some people in it at nitcsuch a outrageous rent. The empty complex lose money everyday they set empty.

[@tonyjohnson7290]

You are missing the fact that a landlord would rather have a vaccancy for a few months than offer lower rent to fill that unit. Reason is when you offer low rent you attract people who are less likely to take care of the unit and increase your chances of halving to evict that tenant later.

[@tonyjohnson7290]

@@Tater-Skinz we write off the vaccancy as well....

[@estuardo2985]

@@tonyjohnson7290 one hundred percent this. There are a ton of awful tenants out there and they are normally on the lower end of income brackets. And the biggest headache for an apartment manager is a bad tenant(s) who will drive out your good tenants. Tip to the wise avoid apartments that have units that are price adjusted for certain people but you have to pay full price.

[@AndreasAntoniusMaria]

So interesting to see that there are many possibilities for renters in the USA. How different over here in the Netherlands. Landlords in the private sector sell their houses , for social housing you'll have to wait 10 years.

[@joanneburford6364]

Yes very different to the Australian market too with national rental vacancies sitting at below 1%. Seems that the US market is on its own trajectory.

[@jennifersmall4027]

If you relocate from an expensive, designation city, like Miami, to a small or midsize city in everyday America, buying a house is definitely a steal compared to renting.

[@immasher2139]

Nope, yep, we will be waiting to buy. The best is yet to come! Have a blessed Easter, y'all!

[@SirCarlosMusicBMI]

🎉🎉🎉. Renting sucks but buying a house right now Sucks even more. Thanks Michael. Blessings, C Los

[@richshea7739]

Rents were $1500 4 yrs ago in South Florida. Now they are still over $2000 per month. No one can afford that.

[@blackworldtraveler3711]

They seem to be affording it though.

[@truthseeker1959]

$1500 is still too much.

[@KikoValleyMan]

Whole families have been known to rent for decades.

[@SA-hz1rs]

@@blackworldtraveler3711 miami is the vacancy capital . No they arent

[@networth00]

@@KikoValleyMan Only in CA. No normal whole family rents that I know of.

[@kaydublin5164]

My brother got rid of all his rentals in PA back in Jan ‘22, glad he did cause some was commercial, he made out great , he owned them for 15 years

[@jensenquaye1962]

Property taxes and HOA fees are too high. You can't just keep pushing those things up. There are limits.

[@jillhorkley9158]

The problem was rent was so high you had to have a roommate. Thus that roommate was taken out of circulation for renting their own

[@ohanachemdry808]

Sounds like the rental owner's are about to go broke....💩 to hit the Fan

[@hmmm94]

Putting my home in WA on the market next week Big Mike….. thanks for always providing a wealth of information appreciate you bro!

[@Enki1013]

We lived in a duplex in Austin until 2022,. The one who had bought the place a few years earlier (we were long time residents) wanted to spike the rent up by $500 per month. She was telling me about the taxes and insurance. We moved a few counties away. Out of curiosity I looked up some info on the place. Since we left, she has had two evictions from that same duplex. Sucks to have that happen two times in two years. They move in and practically make an attempt at squatting perhaps? Not sure what is going on but they are getting in there and then not paying. Weird.

[@tlindsay1007]

I suspect the squatting is going to explode, especially in certain blue states. We have several million new people, and the government wants them to get housing for free. Of course, we the people will have to pay for their "free" housing. I may immigrate to NY and become a squatter, myself!

[@networth00]

If you are long time residents, why didn't you purchase a house?

[@Enki1013]

@@networth00 I keep trying to summarize it but it is an involved story. Nothing criminal or anything, just issues that started from the GFC in 2008 up to Austin becoming Little Silicon Valley now. Between retirement, illness, and disabilities in the household that came up in our lives, it would not have been possible, Even the pad rents for manufactured homes are way too high now in Austin. We saw stories of families in houses that were bought and paid for decades ago losing homes due to property tax spikes and things like that. I've heard the phrase "money wasn't tight but it wasn't right" and that was us at the time... able to pay bills easily but unable to save a enough for a home purchase especially in the Austin area. There is a lot more but that is the summary even for a "shorter" post.

[@networth00]

@@Enki1013 Ah I getcha. Life just happens like that sometimes. Good luck, I think you might be able to buy in the next few years when the crap hits the fan.

[@PaulaTourville-po7fg]

The Cape Coral FL area is being saturated with mega sized apartment complexes all over the city .....prices still are on the high side ......that's on top of all the homes going up .

[@noreenn6976]

Orlando's rates are high also

[@happy-tribe]

Complete opposite to what is happening in Australia (my country) here rental vacancy is at such low rates that people are queuing around blocks at inspections and 100s of applications on just a single unit. Great content as always Michael love your work!

[@tacotruffles]

Curious to know if these same high vacancy cities have a correlating high homelessness rate as well.

[@billhammett174]

You are 100% right about zero interest rates. And this is just one of many instances...

[@clarekramer411]

I'm really glad to hear somebody saying these things. It's truth.

[@acecalzadilla6878]

Miami Hialeah is going nuts too many new apartments going up. Too expensive 4000 for a 2/2 in Doral 3/2 one car garage townhouse in Hialeah for 4200. A loft in Hialeah 2100 all new buildings

[@noreenn6976]

WOW!!!!

[@ChristianLady2002]

Michael- that poor kitty wanted to go home with you. Can you please take care of that kitty?

[@IndigoStarrAz]

He made his first cat video.😃😃😃

[@clayton56tube]

his apartment doesn't allow cats

[@bryancarlson3673]

Not a problem! "Build Back Better" will be moving SQUATTERS into these units ASAP! There will be NO legal way to remove them!

[@firemike-on5vw]

keep up the great work!

[@carlrasmussen2778]

Are you talking about Luxury Vinyl Tile when you say Luxury. You meant to say Luxury Linoleum. MDF. Kitchen cabinets…oh yeah luxurious apartments. Just like new homes….all junk. See ya

[@estuardo2985]

what are you talking about. They put some faux granite in the kitchen so fork out 30 percent more. Never mind the fact that everything else is super cheap.

[@gfg5622]

Florida is too expensive Crowded Hot Traffic And jobs don’t pay

[@yellowbird5411]

Not all of Florida is the same.

[@truthseeker1959]

@@yellowbird5411Oh? Where is it nicer?

[@william-fla-321]

You’re correct on all of the above.

[@yellowbird5411]

@@truthseeker1959 It depends on what you are looking for, what employment and educational needs you have, what money you do or do not have to spend, what kind of house you want, etc. What is "nice" to one would be a horror show to others. I will just say, though, that much of inland Florida offers some peaceful areas with lakes, rivers, amazing wildlife, wonderful growing soil and a "years-gone-by" Old Florida flavor. Beach areas tend to be more crowded over the past years, and everyone from everywhere has come to enjoy the beaches, restaurants, colleges and employment opportunities. There is a lot of "small town America" tucked away all over Florida, and that is a wonderful feature.

[@marknewton6984]

But NO snow!

[@Jeannified]

Keep sharing this important info with us, Michael! We all need to hear it!

[@702cadi]

State Farm insurance just left California

[@Emmas-Studio]

They have slowly pulling out for the last 4 years.

[@tlindsay1007]

It makes you wonder if home insurance will soon be a thing of the past.

[@702cadi]

Never know now days

[@Bootyeater999]

@@tlindsay1007nope it’s mandated you have it when buying a home with a mortgage. Only people who don’t need insurance are cash buyers.

[@JesusisKing03]

Well rent up here in the northeast is still sky high, even the houses are still climbing in prices. For instance, a neighboring house is on sale for $480k; a 3 bedroom 1 bathrooms no central AC, natural gas, single family and it was built in 1920 with only an updated kitchen oh and the 2,130 sqft on a .43 acre 🤦🏻‍♀️ .

[@lordinquis8r679]

Thanks, Michael! I’m looking forward to your West Coast trip.

[@paulconner4614]

Prices haven't come down enough. Inventory is up but the landlords are still greedy. Hold the line and force it down. Same with Houses. Needs to fall to at least 2019 levels