Rent Hikes as Much as 41% Drive Renters Out of Their Homes

[@D1Santillan]

I remember graduating HS, and going off to college, and having my own place for a 1 bedroom apartment for $450 a month. I feel bad for all the kids, who want their own places after graduating.

[@AwesomeElias]

& people from your generation think we're lazy & doing something wrong. No, it's just late stage capitalism & knowing our worth.

[@noa2453]

@Christopher Clark that’s so true and it sucks. We’re doing the best we can without mentally and physically destroying ourselves

[@surrealmoss9988]

@@AwesomeElias late stage capitalism? You obviously don't know anything. Go lick the kremlins boot if you want a taste of communism.

[@bruh-db8by]

@@surrealmoss9988 💀💀💀 what does russia have to do with anything

[@kafkollectif525]

My mother had a one bedroom on the upper east side for less than $150. She was able to go to school and work part time at a coffee shop and pay all her bills. Oh and her friends thought she was crazy because her rent was double what she was paying. And that was like 40 years ago 😩

[@lynnjames6629]

Terrible that people can not enjoy the fruits of their labor because it all goes to bills. 💔😢🙏

[@rickyayy]

The American way

[@woleidowu732]

...brought to you by Extreme form of Capitalism.

[@coolbreeze4576]

@@woleidowu732 don't worry Socialism will rescue us from the greedy Capitalists!

[@bran4779]

They simply need to move to a more affordable area. It's not rocket science, if you don't have a high paying job then don't live in an expensive area.

[@jaimesantos1170]

I wondered if its the same for the philippines. The impact I earn 1000 USD a month. and a pay 300 USD for rent. Its cheaper here but your salary is low.

[@HurtsEnd]

I never understood the concept of the rent going up every year due to the fact that there’s literally never any improvements. Just raised prices but no improvements to housing.

[@rebellewis5272]

Exactly, never do they do anything to fix up apartments, no new carpeting, no new painting and parking is hell

[@robertdatario85]

Do you understand the government system called Capitalism? It is literally destroying the low income majority. The rich become richer, the poor become poorer.

[@Lanainvestor]

buy your own house then!

[@HurtsEnd]

@@Lanainvestor 😂😂😂😂 oh yes I just got one, I’m get you one too. Anyone else want a house I’m getting a dozen!

[@normasubia6807]

@@HurtsEnd That’s the American way 🥰

[@substantialtess]

I wonder if Kim K still thinks people should get to work their ass** off? There isn’t enough hours in a day to work to accommodate these hikes in pricing with salaries still remaining the same

[@christinasaucier6514]

The fact that most Americans have to have 2 jobs just to make it is absolutely absurd! You will see more and more children live with their parents well into adulthood because they can not afford to live on their own.

[@noa2453]

It sucks that this is our reality. The expectation to be able to be independent and live on your own as a student with a part-time is just not real anymore. It makes me wonder how it’s going to affect the future

[@MrCursedone2]

Just like in third world countries where kids live with their parents well into their twenties and beyond

[@Dan-et2gj]

I mean it already happens in big cities like SF. That or like 6 kids share a two bedroom unit. Literally feels like pre industrial ghettos

[@lili-4894]

Literally, 2 jobs and some roommates

[@xoxoxoxoxo7997]

It's already happening and more people living in their cars

[@AmyMorales0712]

Rent control laws need to be implemented at the federal level ASAP. The American dream is dead for this generation 😢 When will we be able to save up for a down payment to buy a house like this

[@Aussielonghorn]

I agree

[@a.w.s.9227]

Exactly!! Not when paying 1/2 our income to rent and the other half to insurance and bills to get to work

[@223salvador]

Forget history and you will be doom to repeat it, check what happen in 2008

[@awarem8739]

Many people do have the option to stay home with their parents and save money that way. So sad and cringe that people in their 20s can’t put their pride and a little privacy aside for a couple of years and save that way. I’m in my 20s and saved a ton of money staying with my parents almost rent free

[@waaazupd1948]

Rent control will work like gun control

[@brigreen689]

It's soooo depressing living in these times it makes no sense. I am a federal employee and feel like I'm still struggling.

[@threeone6012]

With gas heading to $5 per gallon and inflation at nearly 8% families can easily afford an extra %40 added to their rents. Yeah... this is going to work.

[@jamalwilburn228]

Biden: Suffering from Success

[@VintageToiletsRock]

We need a needle protest! It is time to POP THE BUBBLE!

[@kevinoffuttisagirl259]

Thanks for your sarcastic humor...I really needed that laugh!🤣😂

[@ahadumer418]

@@jamalwilburn228 it is not really his fault it is the market rents went down in NYC and other big cities because of the pandemic

[@daedae1522]

@@jamalwilburn228How’s the trump winning going

[@merdoscooper3074]

im so glad to be in canada, canada is only allowed 1.2% rent increase a year

[@dannyrandkai]

1.5% in BC this year. Now they can increase property taxes by 3% or 4%. Gotta love those communists

[@quiksilverrules14]

Not exactly true. Any condo built past 2018 in Ontario does not have any rent controls. I thought the same as you until I moved there. It is insane. They legit increase rents 1000 dollars to kick people out when rates go up.

[@Brandon_388]

@@YvonneBorura communist Canada is still coming I bet

[@YA-qj8fx]

Wouldn't want to live under that dictator Fidel Trudeau.

[@Varkolak-kz6xx]

​@@YvonneBorura no you would not.

[@ano070602]

Profit over people. My rent has gone up 200.00 this year. Yet no improvement to the complex or apartment.

[@EpicGamer1.]

Same.

[@jpicard81]

Same. They're gonna price me out of town. In the words of ozzy "mama I'm coming home"

[@mikehertz6507]

You know property taxes have gone up, water and sewer where I own is up big time!

[@HigherEducationAwakening]

All greed

[@mariejohnson7551]

I’m a single mom with four kids. I have raised them on my own for the last 11 years, been able to provide housing and all necessities on a very modest income here in Idaho. We had to move twice during the pandemic due to the home selling or the homeowner needing to do renovations. Myself and my 3 older teens have been working to try and afford getting into another place. We have just given that idea up and have resorted to living in our camper in RV parks. Every home here has a ridiculous amount of applicants and is super spendy to get into. Also, trying to sort out scam listings.. a nightmare! We figure we will just ride it out until this all passes, enjoy closer quarters together until then and just be super thankful to have a roof of sorts over our heads👍. All this may possibly push our little family out of the state we have always called home… but, perhaps a new adventure is out there for us😁

[@rondameier8168]

You can thank all those Californians and greedy landlords/sellers for that increase and demand in the housing market there.... Aside from that, you sound like you've got a rock solid family foundation, good for you, I wish you nothing but the best and I'll add you to my prayers that you're able to find something and soon.... 🙏🙏🙏

[@gloriasilva09]

🙏 you'll get a home soon!

[@strwberrimilk.k]

My family actually lives in a mobile home because we can’t afford any rent atm. Living in a small mobile home without heat rn is 800 dollars a month. We don’t even live in a huge city it’s a pretty small city.

[@teeciewalk]

I’m so sorry this is terrible and it seems to be happening in a lot of places right now. I pray that things get better for you soon. 💕

[@darkpisces8125]

This is why people shouldn't have kids until they're financially stable.

[@Blaq_in_the_hat]

Rent increases, prices increases but these companies still refuse to give raises

[@angeleder9235]

why do you think rents go up to begin with-pay increases =rent increase...

[@faithselflove1016]

This is ridiculous as an agent in Australia it's illegal to increase the rent more than once every year. The most you would increase the rent is 10 percent. She would be able to take the owner to court here for doing that. I'm shocked that's allowed in America

[@BiancaJBaskins]

It’s not allowed here either, it must be private owned because where I live in Florida they cannot increased the rent more than twice a year and only at a small percentage. They should get a lawyer because this is illegal to charge that much at one time.

[@ASVP-_-REALITY]

In the United States it’s by state so depending what state you live in the rent could sky rocket from 1 year to the next

[@kaotikdave]

@@ASVP-_-REALITY yep here in AZ, my rent went from $1200 to $2200 when it came renewal

[@thanosianthemadtitanic]

That's a really smart law

[@janeeden919]

I’m in Sydney, Australia and thankfully our rent has only gone up $20 in 8 years. Hope it stays that way for a while!

[@georgeposadas5028]

This is why we need rent control. Eventually everyone gonna become homeless because that’s unreal

[@waaazupd1948]

Rent control will work like gun control

[@jadedandbitter]

you dont need rent control. you need ownership control. Restrict home ownership to individuals and require that home owners pay income tax in the state they own their home in.

[@NoName-sp5dp]

@@jadedandbitter no rent control is needed

[@greenearthblueskies8556]

@@jadedandbitter 💯

[@daw7773]

@@waaazupd1948 Not true, rent control laws existed in NYC until Bloomberg became mayor and he passed laws to lift rent controlled housing. Greedy capitalist work together.

[@dv7548]

Notice reporters only talk about the increase but we don't hear any solutions. As in regulating the landlords RENT CONTROL is one possible way.

[@anaisanais89]

The first few years I lived in this apartment the increases were tolerable at $37-$52 per year increases. The new lease letter came last week with a $141 increase. I'm on disability, my partner works his butt into the ground driving heavy wrecker haulers. Our pay didn't go up so this increase has to come from what? Food, power, my meds? I know the hike isn't nearly as bad as what I saw in this video for some people, it still put me into a serious shock then depression for a couple days because we've both been dreaming for years of owning a home and we've been so busy barely making it there was nothing to save. Now what? Live here forever until the rent is 5k a month? I am so grateful to have a roof over my head, but am sickened to give so much money to this place (so many issues with this old building). I'm scared of being trapped here forever! Side note: when I got married to my first husband in 1991 our rent was $350 a month for a small 2 bedroom house in the country. Crazy huh!?

[@NG-iu9xn]

🙏🏾

[@NoQuarterIsHere]

These citizens need assistance immediately. This is so wrong. Advocates we need you now!

[@del.see.oh.89]

@@darkcastle85 Why?

[@officermichaeltownley5258]

@@del.see.oh.89 he’s just a 9 year old troll learning how to act tough.

[@kevinoffuttisagirl259]

@@darkcastle85 You’re too ignorant to realize that if you’re only wishing bad things to happen to others...YOU WILL REAP WHAT YOU THINK & DO TO OTHERS!!!

[@bruh-db8by]

@@darkcastle85 alright Dark Castle107 😎😎😎 yea bro real intimidating sure your life is amazing lil bro

[@NoQuarterIsHere]

@Janel I did not expect the advocates to pay the bills.

[@Mimi-cq4bg]

That’s why a responsible government puts a limit on how much rent can go up from one year to the next. In Ontario Canada, it’s three percent.

[@buildingbuildercip8292]

I’m a landlord from California… in my area we don’t have rent control, but I have friends that own in rent control zones. What they do is…just swap sell their houses to each other at an equal price, remove the tenants and bring em back to fair market value. It’s a loophole that most people use in rent control zones. They don’t really help here.

[@nakamichael7218]

Tenant from California; first time ever renter and been attempting to do research of my own to figure out what’s gonna happen to my rent and how rent control figures in; another issue with rent control here is that depending on where you’re at, state laws for rent control technically defer to city and/or county laws; in my area these city laws only really apply to veeeerrryyy specific buildings, such as buildings built prior to 1979

[@jadedandbitter]

@@buildingbuildercip8292 Rent control is using a hammer to fix a screw. You need ownership control-limit home ownership to individuals and require that the owners pay full income tax (including capital gains) in the state they own their houses. Then you don't have speculative landlords and house prices drop because it becomes extremely expensive to own a second house.

[@buildingbuildercip8292]

@@jadedandbitter no… I don’t want that. That sounds like socialism. I’m not for socialism…I came from dirt, worked my ass off and made it out. I wouldn’t be where I am today if it weren’t for free enterprise.

[@Shazzyhtown]

Have other costs gone up in Canada though? Surely, it cost more for gas.

[@monkeysluvdani]

My rent went up $50 this month and I cried. For me, that’s a devastating number when I’m struggling

[@PandemicGameplay]

That's nothing. When I used to rent mine would go up hundreds each year. Only option is to buy a house or own your own land.

[@benbelap]

Hang in there, don't give up, work hard and always look for something that will compensate you more than what you're currently earning. You can do it 💪🏾

[@Jame6999]

Try to find a place with a lease for 4 years that prevent a rent increase

[@mikehertz6507]

Sugar daddy

[@MsHotkitty69]

Awe I'm sorry mine went up $800 any amount I know feels so overwhelming

[@mamapoch1915]

My daughter and son-in-law live in the Financial District and their rent is going up 62%. So they're moving. It's not so much that they can't afford the new rent. It's that what they're already paying for a TINY one bedroom apartment is already ridiculously and criminally high. So screw New York City.

[@mikehertz6507]

^^^ this!

[@stezton]

I can't imagine paying $3000 a month for rent. O.o

[@kelseyr680]

@@Democracyhasbecomehypocrisy THIS!

[@srichey444]

@@Democracyhasbecomehypocrisy You notice what you want to notice. It's a freaking Pandemic, which led to Inflation, which has increased now due to the war in Ukraine. It's Democrats trying to CAP these idiot Millionaires & companies who destroy us financially, while they pay a less percentage of taxes then hardworking Americans and get MULTIPLE bonuses & pay raises every year. Every single time Democrats & Independents bring a piece of Legislation to the floor to fix this problem, Republican Trumptards shoot it down! EVERY. SINGLE. TIME! I worked for a Bank of several years and the amount of monies these CEOs/CFOs, etc make vs. their regular workers is assinine. We used to look at each other & wish we could tell the workers the difference in bank accounts. When Trump was in office the price to rent a freaking 2 bedroom house in SC went from around $700 or $800, to freaking $1,300. Ridiculous! And it was PRE-PANDEMIC.

[@onyx4413]

@@srichey444 no u dont understand Dem bad Rep good understand

[@onyx4413]

@@Democracyhasbecomehypocrisy maybe because republicans stop them from doing so?

[@SeedOilFitnessOfficial]

@@srichey444 Lmao the War started like a week or 2 ago but apparently, thats the cause for inflation.... 🤡

[@iamme50]

I just got denied for an apartment for the 5th time today after applying for apartments within the last 6 months. I can't cry anymore.

[@Dan-et2gj]

Check Craigslist if you haven’t. Some boomers literally have no idea how Zillow works so they stick to whet they know. You might be able to find some gems

[@sammyandoliver7522]

I'm so sorry. 🙏🙏🙏🙏🙏🙏🙏

[@YA-qj8fx]

@@Dan-et2gj Too funny. My senior mom posts her rentals on Craigslist.

[@magicalindigoadult3838]

@@Dan-et2gj building wants to see 3x the rent in income a month this is why

[@FrankRazoOC]

Omg I’m in the same boat they want to see 3x income on what rent is. 2,900 for a 2 Bd which is 8,700 a month. That’s what I have to make to qualify 104,400 a year to be able to a afford a basic apartment makes no sense. Yet we’re sending billions in aid to other countries.

[@TheJ602]

My rent went up to 1600 in Phoenix for a one bed with out a washer and drier 600sq ft. It was 1200 last year and two years ago I was only paying less than 900. Also for those saying it’s still cheap the median salary in Phoenix is low compared to NYC.

[@chicken42o]

In phx too… I moved back home with my toddler because rent is no longer something I can afford.. a decent safe place is now $1700+ 🥺

[@seanthe100]

I read that phoenix has had the largest increases nationwide over the last decade.

[@mikehertz6507]

Cleveland is literally half the price. I'm a landlord and rate is $900 for completely remodeled 1000sq ft, garage and all appliances. In a decent area.

[@bucktooth002]

My cousin in Mesa is paying 2000, he didn't want to go in on buying a house with me back in April 2019 & now wants to move into my livingroom room in a singlewide. Too bad for him, he needs a minimum of 3 rooms since its him + five heads. I'll be haveing my boss's friend that's 65 move into my spare bedroom before that happens.

[@a.w.s.9227]

The apartment I rented for $950/mo as a 25 year old is now $3500. The put in some cheesy upgrades and now call it a 2 bedroom instead of one bedroom with a den lol. Ridiculous.

[@kevinoffuttisagirl259]

Almost every person or company is price gouging the schit out of everyone & I find that extremely evil & I’m pretty sure God isn’t too happy about it either!!!

[@potrelviewer9536]

Soon the US will have the highest proportion of homeless people at this rate!

[@captainamerica4244]

Yeah go light another candle that will make it stop! Good luck 👍

[@Noneofyourbizniz1]

Agreed

[@jamalwilburn228]

It's mostly companies. They've bought out most mom and pop bussiness that gave up after renters were allowed to not pay rent for a year or more

[@kevinoffuttisagirl259]

@@captainamerica4244 Was the lighting a candle comment for me?

[@brevenm958]

$6200/mo???!?! Jesus christ Here in WI, I can't imagine paying more than $800/mo for rent, let alone $6200...

[@LunaBobbi]

Looks like I need to move to Wisconsin

[@michellezevenaar]

This would be illegal in most countries around the world. In the Netherlands you can only increase rent once a year and the max percentage is determined by the government and inflation.

[@reyr.7439]

I can't imagine paying $3000 a month, I barely make $2500 a month!!! We will be working like slaves, living with our parents, owning nothing, and drowning in debt

[@absndus]

The suicide rates will skyrocket from here.

[@RiceGal]

I feel like we should all stage a protest to not buy into these expensive properties

[@mikehertz6507]

Sounds like the free market. If it's too expensive, don't buy it.

[@cancel.lgbtq.6892]

Where you gonna live? in your car?

[@tonid773]

It's no better here in Florida. Rent went up over 500.00 in a year.

[@rahkeembattiste5854]

True story. Same here in Jacksonville Florida

[@michele5695]

The purpose of housing should be providing a place for people to live, not making greedy people more wealthy. I am not opposed to capitalism, but this is absurd.

[@memcore1312]

capitalism only makes greedy people wealthier.

[@divx1001]

Sadly capitalists believe that housing should be the same as selling and buying peanuts. Ridiculous.

[@mikehertz6507]

Yeah freedom sucks. People choosing what to do with their property and others choosing whether to pay that much or not. Horrible.

[@shannondavis5728]

Rent just went up 50% and higher in all the cities in Florida!!!…..greed is about to destroy America like never before!!!!

[@jeanniefeaster4325]

Greedy people. They enjoy every minute of being selfish. I would never do that to my tenants. Even if I don't like one of them, I even have compassion for that one.

[@Gator777]

Look into home ownership, taxes and insurance go up, it may not be all just the owner.

[@dumpster9048]

Rent keeps going higher and higher every year as wages remain stagnant

[@puzzletherapy4u]

I live in Kansas in the middle of the USA. I've lived in the same 3 bedroom 2 bathroom house for the past 8 years. During those 8 years our rent went from $1,250 to $1,325. I used to complain because we have a lot of medical bills and struggle financially. I'm thankful for what I have now

[@chelseyparada1298]

Wow, if only our paychecks went up as much as our rent did. JEEZ!!!!

[@JustinKenward]

This is why I am a supporter of rent control.

[@mikehertz6507]

Google "why rent control is bad" you need to educate yourself.

[@giantshitposter3317]

@@mikehertz6507 Google "how to get a life"

[@mikehertz6507]

@@giantshitposter3317 ok "giant shitposter" Actually instead of a life I've got 10 houses. You should try it!

[@giantshitposter3317]

@@mikehertz6507 dont care + didnt ask

[@mikehertz6507]

@@giantshitposter3317 cope harder

[@magalyrodriguez7978]

Ours went up $500, with a short email stating if we didn't agree we had to leave in a month, I felt worried and depressed, I though it was a mistake and now I see that everyone is going thru the same issues, the lanlord simple say you accept or you leave, not fair but we had no other choice but to stay and pay an increase of $6,000 a year 😭 how can someone save up to buy a house?

[@sugarspiceandeverythingnice92]

i just can’t believe that they don’t do anything about rent in the united states like that… then when you try and apply for rental assistance they say you make too much i don’t get it lmao

[@buildingbuildercip8292]

You think it’s bad in the US. Look up how much Australia, and Canada have gone up… the US is still cheap compared to those countries

[@MrCursedone2]

You will own nothing and be happy

[@freewifi7163]

What exactly would you like the US government to do about rent?

[@sugarspiceandeverythingnice92]

@@MrCursedone2 yeah i’m doing the Waka Flocka rn “okay….”

[@_chade]

@@freewifi7163 Maybe its job? Perhaps get out of bed with Corporate America and start having the people’s best interests take precedence? You know, something like that. 🤷🏻‍♂️

[@billwilliams7970]

Oh how I love that here in British Columbia, it's government limited to a 1.5% annual increase.

[@MrWolfchamp-xi3cu]

Wonderful. Just wonderful. Rent housing already was probably a racket before this. Renting seems like a way to keep the rich rich and the poor poor. There probably oughta be a law that once you've rented someplace long enough that it becomes yours after so many payments.

[@EpicGamer1.]

That sounds like a good idea.

[@MrWolfchamp-xi3cu]

@@EpicGamer1. or some kind of law that prevents eviction till the tenant has a found a new residence and a way to regulate it to ensure that the resident is actively looking for one

[@robmnfu]

You would have to rent it for like 10 years lmao

[@MrWolfchamp-xi3cu]

@@robmnfu it would be according to the law how long I would think

[@shoeshinegirl101]

What a bizarre and ridiculous idea.

[@Matt-ud9op]

This predatory rent increase will keep happening if our generation doesn't do anything to combat it.

[@Smoke-by-the-Shadow]

That happened to my family and I last year. Landlord hiked the rent up from $750 to $1,400

[@Windrain321]

I personally doubt any landlord in NYC will make it to heaven

[@jasminperez2346]

My rent is going up also by 200 hundred dollars more also. My lease is not up until May. So my landlord gave me a two months notice. It's crazy even the thought of finding somewhere else to move is crazy.

[@joshuauriarte452]

Here's how you know rent is artificially inflated. I liive in a apartment that should be 1200 a month, I pay only 578 per month. It's income based. Now lets look at how much they pay for taxes. Its around 3000 a month, Then you have utilities, which if not doing a coenergy plan of solar and mainlines, you could pay upwards of 20K. Then you have the water and trash, that could be upwards of 30K for moth. That would mean a landlord is paying 53K every month for everything. That means if you have around 100 tenants paying 1K, your paying that off and making money to put into a savings account pay your staff and use for emergencies. Most apartment complexes have about 100-150+ tenants. Rent is only artistically inflated because renters know they can and they would still get people to rent.

[@buildingbuildercip8292]

You forgot that the owner or owners of a 100 unit apartment complex didn’t pay cash for it. Let’s say he paid $10million for the complex…each unit costs an avg. of $100k his monthly payment to the bank is probably about $50k alone. There’s also an avg of 10% vacancy rate that you didn’t account for either. Most landlords of such properties usually borrow on them after time to buy other complexes using 20% down. It’s a business, so they reinvest their gains to keep their business growing. They’re maintenance costs and materials also increase. All of my gardeners, electricians, plumbers, pool cleaners, etc… have all raised they’re prices by 30% since 2020. As the value of the property goes up…so does property insurance, because they have to insure the building for more, and property taxes also go up dramatically when properties increase. You have to think about the whole picture… it’s not as simple as you make it out to be.

[@nathanmcleod9497]

@@buildingbuildercip8292 lol 90% of landlords up their prices but don't do anything to the property to justify the increase. Tell me more about your costs as a landlord in three months when you decide to finally go fix your tenants plumbing. Or paint a wall ten months after someone moved out and 3 have moved in. Tell us more about how you landlords don't have any money but can go buy 4 new buildings while leaving your other ones in complete disrepair.

[@raymondc9513]

@@nathanmcleod9497 This!!! Preach brother!

[@RoccosVideos]

I’m hoping to buy soon but I’m thinking the housing market is about to burst so I’m holding out. 💥🏡

[@mrxxbrian]

yea id wait for the next crash

[@HonderdtachtigCC]

it will never crash

[@Kauaibanga]

Buy asap

[@checkmate2049]

Houses will always go up

[@TheJ602]

@@checkmate2049 said everyone in 2008.

[@traumatizethemback7680]

Eventually that bubble will burst and these greedy mffers will be sorry.

[@luna.7193]

I live it texas. I rent a 2 bedroom, 2 bath, over 1000 square foot townhouse for $1000. If I wanted to pay 2k or more a month, I’d just buy a house. This is why I don’t live up north or in large cities.

[@BeautyFilledDisaster515]

I’m here in Plano and pay 1600 for a 1 bedroom…

[@luna.7193]

@@BeautyFilledDisaster515 I'm in Plano too.

[@luna.7193]

@@BeautyFilledDisaster515 it's not the nicest place to live but we're saving a lot of money to buy a nice house.

[@disf5178]

Hold the landlords AND the new tenants helping to drive rents up accountable.

[@khristopherheiss52]

Market value my ass. Just rich people wanting more money. They have already payed the building off ten fold an could easily drop the prices by half an still make profit.

[@ericburgess3133]

I live in my car with dog for almost a year in Florida and I'm doing alright, everything I own can fit in my Corolla last night little uncomfortable being cold be we handle, this life for everyone but I'm not soft

[@Ashley-ki2em]

Jeez a 4k rent in Alabama gets you almost a mini mansion .

[@a.w.s.9227]

But aren't there a lot of storms and monster bugs?

[@a.w.s.9227]

Not meaning any offense, just wondering

[@rissaheads6091]

Who wants to live in segregated Alabama?

[@chumfartlin9963]

@@rissaheads6091 🙋‍♂️🧱✊🏿🐵

[@MrBobochow]

When you graduate from college move back in with your parents let them pay. The world is cruel out there.

[@xKalphax]

I'm 28, I work at an engineering and construction firm, I stayed with my folks. Worked a side job sometime on the weekend. I saved 90,000$ within 2 years.

[@madisonfilan6190]

Smart

[@cancel.lgbtq.6892]

Consider yourself lucky. Not everyone has family that will support them during tough time.

[@haynes1776]

Its ridiculous that these landlords can just raise the rent whenever they want. Its greed.

[@GMSqueaky91]

$2k per month was already insane!! 2.7k, wtf?! Who lives with rents like that! I've never paid more that $600 in rent, and that is for a large 3 bedroom apartment!

[@tiredmummy7512]

I live in the uk. My rent has been £400 for the last 12.5 years. It's going up to £430. I expected a raise earlier than this, and I was prepared for it to be more...

[@coffeelinda]

Thats incredible!...12.5 years is absolutely amazing with limited increase. I'm a mature divorced partially disabled woman also and live in America, and have no extra income if my landlord did this kind of outrageous increase i wld have to live in my car.

[@jesswii5861]

Part of it has to do with the New York electric hike. My sister works in the industry and told us about how the electric company has a monopoly, then raised their rates from .5/kwh to .20/kwh. They say this is "market value". It's just their excuse to get more money. The only way to get out of paying thay much is by outsourcing your building's electricity to another source.

[@jessicapawis1958]

It’s like this in Canada ontario

[@lastdays7855]

Thank you Lord for my paid off, (free and clear) humble abode.

[@Kimberly....]

Our rent has gone up twice in the last 12 months. This last little hike was a deal breaker, we decided to purchase a home for the same monthly amt we currently rent for but unfortunately had to purchase half way across the country to find something affordable for us. It's awful how much it costs just to have a roof over our heads.

[@reenh462]

I live alone and my landlord just raised my rent $100 after normally raising it $50 every year. Every time someone moves out of her units she rents it in less than a few days. I don't know how she does it. I have no where else to go so i may just have to deal with the increase for now till i find something cheaper maybe get a second income. It's really sad for everyone.

[@LASHULADECHIHUAS]

Everything is going up except for wages.

[@MsWDWFAN1]

Thank God I am a homeowner! It's not easy due to maintenance, insurance & any else that comes along but it's worth it! There's no way I would rent! But I understand the people who have no choice. My sister and her husband do. How can people afford that much money even if they have a job? You have other expenses like food! There needs to be some sort of cap or something! Is it considered price gouging? 🤷🏻‍♀️ Please enlightened me!

[@kevinoffuttisagirl259]

I would like to find that out myself!

[@MsWDWFAN1]

@@kevinoffuttisagirl259 Go for it! You can do it! 🎉🎊 I'm blessed to have been able to purchase my home & five acres 15 years ago.

[@kenfern2259]

hence im not really in a rush to move out, renting is more in demand than owning. I plan to own more than renting

[@apexone5502]

Agreed. Every time I see something about rent going up at ridiculous prices, I thank God I own.

[@breadstickgod2122]

They need to have a law where they lower the cost of everything to make life more suitable for everybody

[@couponsearch]

For people like me who worked all their lives, and now get social security. Shelter or food. Shelter or meds. Shelter or heat. The place I'm living at now rents been hiked up. It's going to go down 👇 in history as the "Greed of the American Realtor."

[@lonismith6491]

Las Vegas has an absolutely insane rent amount & increase also

[@HangulMaster]

Landlords buy into the housing market knowing the risks, but instead of assuming risks like a responsible person, they pass it on to their tenants. If you can't pay the bills on the prices you promised, maybe you should get a second or third job like the tenants you're trying to squeeze money out of.

[@zhaw4821]

You get a third or fourth job and buy your own house. That's what the landlord did for years to get his

[@brimmed]

Hurts. Just asked my boss yesterday when they're going to have us coming back to the office full time and he said probably May 1st. I work in DTLA and not looking forward to moving back to the city

[@gottalovegabe1176]

The greed has got to stop!

[@alphalight1469]

Me in Texas paying 900$ a month for an acre of property and a manufactured home on it. 😎 chillin

[@ruthkromer3261]

Ridiculous. For the two bedroom apartment we're paying for here in Kentucky it initially cost us a little over a thousand dollars (& that was plus the water & other little things). I recently signed the lease agreement stating that our rent at its base was going to be $970. When I checked our rent to see how much we owed this month I was astonished to see that they had tacked on an increase of $300.

[@bluejedi723]

My rent is $925 a month for a 3 bedroom 2 bath with a garage, a yard and quite neighbors.

[@barbara.sexaloid]

What is, "Mississippi"!!!!!

[@nodevoutt]

I wouldn't pay to live in a cesspool in NYC , squished with some crack heads neighbors. $2000 is a ripoff. I live with some room mates and hope to go off on my own, but right now I pay 600 , rent is 900 for a one bedroom, next to highways, airports, etc and landlords expect tenants to have income three times that which is ridiculous.

[@f1wwwagonburner132]

My mortgage is $1030 a month and I thought that was high, that pricing is crazy high

[@GRIMSREVENGE253]

A $800.00 increase and you're telling me this is not criminal. This is a forced eviction for people who have done nothing wrong. In fact, they have done everything right and still have to pay this price. GRIM

[@joeholtster1891]

Property Taxes always going up. You get these renters voting yes on propositions.

[@victorianmelody46]

I was lucky to find an efficiency in Nashville TN. with a shared kitchen on each floor for $1400. I guess this is happening everywhere! Tennessee also just passed a bill making it a felony punishable up to 6 years for camping out if your homeless, and class 2 misdemeanor with a $50 fine and 40 hours public service work picking up trash for panhandling or begging. I guess I'm lucky to have a roof over my head. I'm about 2 paychecks or one illness from being homeless myself.🙄

[@johnjohnson3390]

Blame employers who don't want to keep work from home. Blame greedy landlords

[@frankiemendoza6526]

Lol, my mortgage is 1200. Insurance and all the bills don't get high as 1600. 3 bed and 2 bathroom.

[@estherellis6032]

Rent control! Rent Control...come back!!!! This is ridiculous, and these high increases should be illegal and made a priority 4 immediate addressing.

[@lariwyman6273]

Move out of New York!! My rent is $650 for a 1 bedroom... this is ridiculous!!

[@alexcarling7459]

The funniest part of this whole story is the two girls who work corporate jobs, yet the only other means they can find to make money is dog walking?? Something tells me their “corporate” jobs involve a lot of coffee runs.

[@cinnamon2062]

Rent is too high they wonder why their so many homeless people They should make housing affordable

[@juniorbeckham2928]

The government needs to step in and regulate rent rates, landlords shouldn't just be able to get up and increase rent for no reason, it's ridiculous

[@freewifi7163]

Socialism 😱

[@kaotikdave]

Capitalism 😱

[@heatherparks4991]

I'm in Nashville. Last Jan rent was 975. This Jan 1700, or more every freaking where, suburbs and all

[@alexandraboswell2510]

I’m so lucky that my dad bought and paid off my town house for me in CA because the same thing is going on here.

[@littleone-kh6mz]

This is not right we all need rent control this is going to cause a bubble and causing a market to crash.

[@elizabethg2715]

My rent went up $862 in pass 6 months.. 3 bedroom apt it was $1050 for 6 years .. now it's $1912 a month .. Thankfully I have great husband and we have good careers, but I started having my 20 year old son pay $400 a month to take some of the Bill's off our shoulders.. nuts how high rent is..

[@shaggymcdaniel3216]

Living in a car is becoming the new norm.

[@mph5896]

My mortgage went from $950 per month with taxes and insurance on a 15 year to $950 a month with taxes and insurance on a 15 year.

[@_Patton_Was_Right]

Don't worry your taxes will be rising too

[@mph5896]

@@_Patton_Was_Right no more than 2% a year.

[@_Patton_Was_Right]

@@mph5896 lucky, where I live they can raise the assessment 10pct per year

[@danielphillips7005]

That’s why we bought a house and don’t rent it was 545,000$ in silver lakes the saying is vacation where u live

[@nikkilove9301]

Sips tea while my 29 yr old self looks out my childhood bedroom window...

[@4ElementGirl]

Yeah looks like I'll be living at home for quite a while

[@bucktooth002]

My only wish is to be back at home with my parents. I broke down in Arizona & never managed go live back with them.

[@nikkilove9301]

@@4ElementGirl it's honestly best, gives you time to save up....no shame in my game at all...lol

[@nikkilove9301]

@@bucktooth002 well I wish you well on your journey 😊

[@duvine3882]

Our renewal got an increase with a mandatory renters insurance; in a major city were homeless sleep in tents in sidewalks.

[@bracebrooks967]

That's messed up. I feel so bad those people, and hope they can maintain their rent payments till they can afford a house. I hope some of these folks saved a significant amount of their stimulus check money from 2021. I still have one of mine in my savings account.

[@youtubecomments5951]

They ain’t gonna afford a home. If rent goes up it also means property value has gone up and the home owner is charging rent based on the market price.

[@ehh2681]

@xRhythm - that’s a big part of their problem. Gotta have the latest and the greatest, but then complain when they can’t afford basic necessities.

[@unionbey3382]

It's actually backwards.... What you rent for a whole year is the same amount as if you buy so... They actually paying more than if they would have bought. I own and I also rent and my house is still laying there with a 19year old tenant who only pays land and I rent... I don't even live there and I am staying in a whole other state where I actually live. So renting is much more expensive than owning unless you take out a mortgage and I don't have one. I couldn't afford to start paying mortgage when I am also renting.

[@bracebrooks967]

@@unionbey3382 Interesting facts....I didn't know that as far as the price differences go.

[@bracebrooks967]

@xRhythm - Very good point, and I don't even own an i-phone. My cell phone doesn't even have a monthly bill. When I need to use the internet I just use my laptop.

[@evanrichards2925]

It's worse here in Los Angeles. Many places no you have to make 3 times the rent to qualify

[@cathy5040]

Same in Florida. Most places you have to earn 3 times the rent.

[@royroland3884]

I'm grateful that I'm a single guy with a stable job with no wife or kids living in a cheap one bedroom apartment for $600 rent a month. 🙏

[@Nighthawk-8050]

My cousin moved in to my mom's house because her landlord raised the rent. She was paying 650.00 the landlord raised it to 150.00 she would have to pay 800.00 a month she works as a bank teller

[@pdb2k154]

Don’t rent, wait till the housing market crashes and buy then.

[@bernainmolina7481]

Dont landlords realize if they raise the rent no one will want to live there therefore they won't make money so they both lose