The role of rising rent and housing costs in the 2024 election

[@Shining237]

The national average for a home 🏡 now is $433,000. Most young people now will never own a home in their lifetime. That's disgraceful.

[@GotoHere]

Record inflation creator, incompetent Joe Biden’s fault. 100%.

[@MichaelChengSanJose]

Just amazing to hear how cheap homes are nationally compared to the Bay Area. I haven’t seen anything sold for under $433K, not even small one bed condos. Maybe a trailer home might be that cheap.

[@Cb20345]

Because homeowners keep blocking housing after putting all of their wealth into them.

[@barrymccaulkiner7092]

The goal post keeps moving further away.

[@Heero-xn8rj]

@@MichaelChengSanJosewell the Bay Area pays $433k a year in salaries

[@UnitedCorporationsOfAmerica]

This is what happens when you relinquish control of your economy to billionaires and corporations. Good job, America.

[@AKAAAK]

Capitalism at work....

[@mattwalters1925]

Oh, so you’ve had control since the jump? Yeah, Okaaaaaaay.

[@Tom-cz9op]

This is what happens when you have a $34+ trillion debt

[@kyleaustin2728]

This is what happens when you print money and give it away.........

[@jg274]

what happens when you give money away for free, fund other people's wars, and prioritize the comfort of non tax paying individuals

[@Patriciabanks5]

Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.

[@carolpaige2]

Home prices will come down eventually, but for now; its best to offset some of your real estate investments 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.

[@emiliabucks33]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@Johnlarry12]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@emiliabucks33]

Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@Johnlarry12]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@foxrider626]

30% of income? Yea, right. Try 40%-60%, people can barely survive.

[@kiturselassie813]

U talkin about the gangsters.the know it all

[@Ryan-wx1bi]

They usually base it off gross income instead of after tax... Which is dumb

[@noahd213]

I spend less than 25% of my after-tax pay on rent and I live in a VHCOL city (Boston). It's definitely possible, you just have to rent below your means, which could mean a smaller space or roommates. We have a small 2BR flat with 2 kids - the kids split a room.

[@EricaChavira-on4oz]

More like 60%!

[@iwill5810]

Or 70%

[@GP-zk9fz]

Politicians are blatantly ignoring this issue while companies and real estate “investors” are curb stomping the middle class to death for a few dollars. Housing is a need like water. It’s not an arbitrary asset for corporations to hold over peoples heads.

[@Jake-mv7yo]

Sounds like socialism to me. It makes more sense to make being homeless illegal so then all these people who can't afford to live indoors will be given a home in jail. Then we can rent them out to companies who used to rely on the illegal immigrants we are going to send back. People will work a lot harder if they can get fired, become homeless, and then put in jail and rented out to the same company for pennies on the dollar.

[@LeannSerao]

My rent is almost 70%of my salary in NY. Middle class cannot survive

[@GotoHere]

Vote blue until it happens to you.

[@StalinTheMan0fSteel]

Better move to a red state.

[@LilMissSmartyPants.922]

wait till they take away our properties if we cant afford the tax increase..its coming

[@LilMissSmartyPants.922]

Biden is going to raise taxes higher then ever if he gets another term

[@jdubb6960]

Stop paying

[@winniethebubbly]

Drives me nuts how corporations can buy up all the homes. Homes shouldn’t be a business.

[@thanosianthemadtitanic]

i just purchased a new home in the rural country. Right after that a invesment group came in and bought the entire neighborhood and is now renting everything out. It is much worse out here than you can imagine

[@TheDoomWizard]

This country is broke every single way

[@vids5374]

Trickle down eviction

[@repboy1]

When your money is all going on housing, you stop spending on food, cars leisure furniture . Economy will crash

[@jamestaylor954]

Get rid of these air BnB’s I pay 3k in Phx az for rent same house would rent for 1800-2k before covid. SMH

[@coolkiddwightps3-hoopsetc561]

U Givin up 36Grand a yr on rent huh

[@seanpupillo7823]

@@coolkiddwightps3-hoopsetc561 Tru, live in a tailer, pay under 1k, save, buy a house when rates are back at 4%

[@letstalkaboutgermany8288]

It’s all about greed! Everyone wants to make a quick buck and so hey, let’s just raise rent from $1700 to $2700 for a 1 bedroom in Florida and see if we have any takers…. I have been dealing with this horror for 3 years now… it’s exhausting….

[@vladimirofsvalbard9477]

It's not greed; it's simply economics. Maybe next time the Federal Reserve shouldn't print $8 Trillion dollars and set interest rates to 0.25% with no incentive to boost the supply end of the economy?

[@elmusicochavez194]

I cry because of the rent

[@daniellebrooks7510]

I had to give up my townhouse I loved because the rent went from 1080 to 1300

[@vanchi7667]

I feel you

[@mattwalters1925]

Go for a walk. Wanna go to Gaza or N. Korea?

[@J_WheelerDoll30]

@@daniellebrooks7510ours went from 761 to 1206

[@charleslavoie5402]

I always thought Gaza Strip was a gentleman’s club.

[@kinario1703]

Oh...politicians wanna pay attention now. We have been struggling for the past 4 yrs.

[@Matthew-rp3jf]

Well said

[@caitlinodonnell2753]

Massachusetts is a nightmare. I don't think I will ever afford an apartment, nevermind a house.

[@cherylbroadenax1006]

Don’t forget the home owners taxes and insurance went up. Dont let the news media give u one side.

[@SAABTURBO1986]

If the landlord showed physical proof of their bills that their insurance and taxes went up $300 a month or whatever they raise it then yes. If they can’t prove it. It’s pure greed and should be Illegal.

[@charleslavoie5402]

It’s greed

[@SisyphusJP]

True not to mention every time a property is sold it’s sold at the new inflated price in order to pay mortgage rent will be increased. All costs are always passed on to the consumer!

[@uggycyvhvyvyv7322]

@SAABTURBO1986 Property tax and insurance increases annually

[@SisyphusJP]

@@uggycyvhvyvyv7322 poop smells as it leaves the body

[@keithjackson2035]

Unchecked capitalism. Unchecked taxation on the everyday man and woman.

[@alaskanelsons]

Please. Don’t blame this on capitalism. This is runaway government. What did you think was going to happen after the eviction moratorium? Printing $15T? PPP loans? Vote libertarian to get the govt out of our lives.

[@vladimirofsvalbard9477]

It has nothing to do with capitalism. Blame the Federal Reserve for printing $8 Trillion dollars and inflating your purchasing power away.

[@StaffordCook]

Home are about half million dollars at the moment, as a 28yr I don’t think I will ever own a house.

[@shellsopinion5837]

The housing market will crash as it always does and prices will come back down. In the meantime, get a roommate and start saving money. When housing prices do drop, go get a condo to start. If you end up married you can then sell that condo and use the profit as your down payment on a single family home. This is with two incomes by the way, not just yours.

[@vanchi7667]

The rise for rent is unnecessary especially for old buildings and houses smh

[@Tom-cz9op]

20% inflation in last 4 years... That affects everything including rent

[@MiamiPush2theLimit]

@@Tom-cz9opabsolutely not.

[@Tom-cz9op]

@@MiamiPush2theLimit are landlords somehow immune to inflation?

[@Knox2go]

Actually, my rent is well below market, but I’ve owned my buildings for decades. I also live a modest life and save for major repairs. My expenses exploded after Covid and haven’t been able to put money away for major repairs. $100k to repair two walkways. Tenants pay $1000/mo including water and parking. Clearing hair from a drain has gone up. Replacing a wall heater $3500 and on and on. My costs have gone up in every facet of maintenance. Don’t forget the insurance I pay including workman comp. Labor runs high too. $30/hr for a handyman.

[@Tom-cz9op]

@@Knox2go people that don't work in the business don't understand....or maybe they just don't want to. Covid was hell for landlords and the crazy inflation afterwards made it even worse

[@whinterkent8789]

Chicago Illinois suburbs are averaging $1,600 for one bedrooms and $2,300-$3,000 for 2 bedrooms. These costs have went up $200 on average every year. I make $59,000 a year and I’m struggling.

[@matthewlastrapes8104]

This is getting ridiculous why can’t they just make home buying more affordable I blame the government we need a president who will stand up for people and let everybody share in being able to afford homes

[@DrBeauHightower]

Plot twist. Ghe price of things hasn't gone up. The value of the dollar has gone down. That's what happens when you print money.

[@CaraMarie13]

People need to start going to those local meetings. You know who always goes to local meetings? The "it will change the characteristics of the neighborhood" folks. We can get upset all we want but people should at least know that when nothing in their area is getting done year after year is because they aren't doing anything different to change it.

[@ahbah518]

Let’s print more money to fix this problem😂

[@Nuhbuddys]

I've been lving in my car working 40 hours since the start of the year. It's been an absolute struggle , and I'm behind 2 payments. I haven't paid rent to anyone, I don't know how a single person is able to.

[@kortni_animations]

Tax. The. Rich. Increase taxes for foreign investors, corporations, and people who own homes in cities they dont live in.

[@ATChick]

💯

[@asruluveira]

Wtf? I can understand that you are jealous of the rich but why tax people owning multiple house? Live in it or not is not your problem. Far left mentality are really ruining America. Be like if you are not happy or struggling. Other people must struggle too. Yuck

[@asruluveira]

​@@ATChicknope. Just because you are struggling. Thats not an excuse to make other people struggle too. Esp the one that bust their balls to make it where they are.

[@vladimirofsvalbard9477]

How much more? This sounds emotional; not rational. How about, stop giving out ultra-low rate interest loans that drive prices thru the roof?

[@shellsopinion5837]

Tax the rich usually means tax the middle class because that’s who usually gets it.

[@gregorycyr9272]

I am from Binghamton NY and left in 1985.I live in Raleigh NC and pay $625 for a studio apartment everything included.I am blessed.

[@timothylawson3262]

Hopefully it stays that way 😮.

[@gregorycyr9272]

@@timothylawson3262 Thank you and be blessed

[@millabasset1710]

My home in Florida is $350k at a 6.8% rate My mortgage is cheaper than most rents, but I'm also one person. I still empathize with people looking for homes. I didn't get this house till I was 30, I always rented beforehand.

[@ketolakay]

Where in Florida? How many rooms? How old is your home?

[@millabasset1710]

@@ketolakay Central Florida outside Orlando. 3 bedroom, two bathroom, two car garage and Lanai

[@ketolakay]

@@millabasset1710 awesome deal. It’s not like that for the rets of Florida

[@Adam-ey3ud]

Owned

[@vladimirofsvalbard9477]

@@ketolakay Florida is actually quite cheap in many areas. The people telling you Florida is completely unaffordable are clueless. Avoid major cities, avoid flood plains, and you will have a good deal.

[@DiamondFae-xd1gm]

I wish more city leadership around America cared about the lower class people

[@michaelsanger7795]

Rent in Denver, at least mine is 70% of my income... I guess it's time to advertise my boy bits...

[@GotoHere]

And Denver votes blue, you can’t be any dumber than that.

[@michaelsanger7795]

@@GotoHere no need for insults

[@bethoumyvision1346]

gross.

[@timevaporwave]

Knoxville, TN and two cities in FL were in the five cities highlighted in the news story

[@michaelsanger7795]

@@timevaporwave ok ?

[@kapsig10]

Block BlackRock from buying single family homes

[@Punisher6791]

we need a president who isn't a Billionaire crook felon, a president who doesn't have one foot in a retirement home.

[@yihuda7459]

😂😂😂😂 tell me who ? Barack Obama weren’t millionaires,Joe,bush ? Non of them billionaires…yet almost all of them r billionaires…Bernie is filthy rich too …he own multiple mansions + yachts 🛥️

[@shellsopinion5837]

You just hit both Presidential candidates.

[@Spaceshewarrior]

I am so glad I kept my European citizenship! Southern Europe, I am coming!

[@danhertzberg8916]

They keep calling it a local issue but it doesn't have to be a local issue if actual legislation can be passed banning real pages and Private equity landlords.

[@Missy-Missy1111]

It has been proven that there is an algorithm that groups of property owners band together & use to inflate rent prices.

[@Max2nice]

Major apartments Dc , Maryland , Connecticut , Houston and 5 or 6 more are facing a current lawsuit

[@mikevondebag]

If you want me to lower rent, I'll need my insurance and property taxes to be lowered. If the costs of owning the property are going up, your rent is definitely going up.

[@joeanderson8839]

This is unsustainable. This is something that needs to be addressed by the political parties. Donald Trump is a real estate agent. If you believe that he is going to address this issue I have some swamp land you might be interested in.

[@elbertmoreno2159]

Is this swamp land flood-free? 🤔

[@Tom-cz9op]

How's it been going for you the last 3 years. ?

[@Futurekid1996]

@@Tom-cz9opit’s been ugly

[@shanematthews7713]

@@Tom-cz9op Could get a lot worse

[@Tom-cz9op]

@@shanematthews7713 if Joe gets put in a home and Kameltoe takes over?

[@asianangel5400]

Rents ridiculous

[@m.687]

Can we just have Trump in office already? This has gone long enough.

[@jimmyjones416]

this is the result of capitalism...the government doesn't dictate home prices

[@rt-420]

Exactly! Don’t republicans love capitalism?

[@GotoHere]

It’s a result of incompetent Biden’s fiscal policies and over regulation. Try to keep up.

[@LilMissSmartyPants.922]

wrong, the governments policies effect everything. its high now because of the illegal invasion and Biden raising our debt $8 trillion in under 3 years

[@sting114]

Government printed 10 trillion during Covid but gave 90 % of it to the Top 10 %. Capitalism with lawmakers serving their mega donors and not the people

[@fluxcapacitor1621]

Every local government in the country does restrict the supply by mandating single family homes and limiting housing density.

[@Jake-pf4kv]

No mentions of the coordinated price fixing my corporations

[@psgame2kify]

Why blame Joe Biden for rising rent cost, and not blame your city mayor and state governor?

[@Tom-cz9op]

Inflation isn't your mayor or governor fault

[@psgame2kify]

It’s not president’s fault.

[@Tom-cz9op]

@@psgame2kify inflation is his fault and that's what makes higher rent

[@IMAPOTATOZ]

@@Tom-cz9op Is it joes fault if I list my property at a high amount? Landlords choose the rate they want to rent out their properties.

[@Tom-cz9op]

@@IMAPOTATOZ every business needs to be competitive in their pricing. When demand increases, prices go up. When demand decreases , prices go down. If you raise prices too much, people go elsewhere. Inflation effects rental properties just like everything else.

[@Matthew-rp3jf]

They've sone nothing to stop investors from snapping up everything...even foreign/chinese investors. We cant buy in china but they can buy here...why?

[@jermelpurse3018]

Sad watching the news today nobody bothers to ask the question how we got here? Everybody wants the problem fixed. Nobody bothers to try and figure out how the problem was created to begin with. This problem was caused by money that was too cheap for too long. It was too cheap to borrow money to buy or build a home in America, this drove prices higher because people were buying homes at super low interest rates normally they would never be able to afford this home but they could then. Now you have a problem too much purchasing of homes occurred went up as a result and now when other people need to buy homes, they cost too much. The people who own property in America they are not dumb. They realize you either have to live here or on the street. I can charge more money for rent. If only we had bothered to think things through when interest rates were solo, but we were on a spend spend spend epidemic. Now we have to live with the tummy ache after we consumed so much sugar.

[@davidwilliams4498]

You cant get a loan to buy a home if your monthly payment is near 40 percent though like 1 comment i read someone pays 70 percent of their salary for rent. Literally makes me livid how not only greed across the board though real estate greed is ruining america. Truly sad.

[@UserName-iq7uu]

As a landlord, I can there you there’s either 2 reasons rent is increasing: 1. Inflation/rates 2. Greed (yes, some are taking advantage of inflation)

[@disastermaster3K]

Bidens America

[@Moniece444]

That’s the misconception its suburban areas as well. Not just big cities the surrounding suburbs. This is ridiculous

[@rocsantana4468]

its actually really insane! WE need reform!

[@vladimirofsvalbard9477]

We need less gatekeeping bureaucracies and central bank insanity.

[@StalinTheMan0fSteel]

"I did that!" -Joe Biden

[@fluxcapacitor1621]

Problems never get solved because partisan tools try to blame their opponents instead of addressing real issues. NIMBYs mandating single family homes and limiting housing density are the cause. Supply and demand can't work when every local government in the country is restricting the supply.

[@elbertmoreno2159]

Bidenomics

[@Jake-pf4kv]

$7 trillion printed under Trump 😂

[@Tom-cz9op]

​@@Jake-pf4kvtrue and Biden has surpassed that. Obama, trump and Biden have nearly doubled our debt

[@taffyalusa4642]

Actually Trump did that encouraging low interest rates, he was even pushing for 0%, all to benefit his primary business of real estate. Don't be fooled, his massive tax breaks for the wealthy that he's stated he will continue, are not for the common man. That trickle down effect doesn't work.

[@Dave-zl2ky]

Since most people don't move monthly or yearly, the housing number is questionable at best.

[@SaraBennah]

These rental properties do not even conduct upgrades or maintenance on these properties . No justification for why rent this going up every six months . We can bearly buy groceries after paying rent. Ready to buy but home priced are too high. We are not happy.

[@TL-s1b]

House hack if necessary, share with family or buy fixer upper and fix it one room at a time over many years. Not living the high life but you might end up living the good life and being very happy!

[@JohnADuerk]

Last March, the median home price was $585,000 in Carson City, Nevada. Per a realtor I spoke with, we have an inventory problem that affects the cost. While people like to blame the president for every economic issue that arises, I'm hesitant to do so because there are multiple factors to consider. Remember, our behavior impacts market conditions.

[@Legoman69469]

The migrant situation is something that directly put unneeded pressure on housing inventories. I get he’s not responsible for all of it. But that is Directly attributable to the Biden administration

[@jeretso]

Less red tape to encourage building.

[@hybridPeople358]

We have billions for Israel and other countries. Nothing for Americans.

[@eckobrown7902]

I’m so happy I started buying my house 15 years ago

[@SidFreedman-kj1zn]

My rent went up 37% in South Florida from 2021-2023. Equals $4800 more per year or cost 18 months to live in a 12 month year. Yeah what a great administration! Seriously !?!

[@vladimirofsvalbard9477]

It's called supply and demand! Blame the Federal Reserve for printing $8 Trillion and PPP loans giving no incentive for supply side production.

[@ds3602]

Why did they keep rates so low? Why did we keep the economy shut down longer than we needed and print more stimulus than we needed after omicron?

[@vladimirofsvalbard9477]

@@ds3602 So Amazon, Walmart, and the lot could absorb all of that money lol Big Pharma and corporate American as a whole made BIG BUCKS on Covid. The last 5 years saw the largest wealth transfer in the history of the world, believe it or not. More for them; less for you.

[@bubba6989]

Interest rates arent the issue. The prices are.

[@bradleyhammer5615]

SMH its Regan era rules with modern things needing to happen.

[@Nightcall411]

Hello and good day, I'm still a little confused I'm not quite understanding what the president is supposed to do about rent price is going up let alone mortgage and Loan APR increasing. Does it the majority of most actions and decisions the president have to get approval from Congress and the Senate and if both sides can't decide then the Supreme Court is deciding factor?

[@Madamchief]

Yes. You are correct. People just like to blame the president because they don't understand the causes of issue. Americans like politics like they like football

[@Nightcall411]

@@Madamchief I really liked your analogy with politics and football. I watched the video twice because I thought I was missing something, I would think at best rising rent and housing would be a state issue rather then a presidential issue and at wrose just human greed.

[@vladimirofsvalbard9477]

The only thing the President can do is potentially remove a sitting Federal Reserve Director. Which may be a bad thing, because Trump literally said he was going to 'fire' Powell if he didn't go negative with interest rates in 2020. Had that happened; inflation would have been considerably worse. He probably wanted to do so to pump the stock market as high as he could before re-election, but I'm speculating. If anything, Trump being re-elected will allow him to do so and replace the FED Chair position with someone that will do what he wants. Regardless, get ready for inflation round 2 in 2026/2027 once they begin to cut rates. Gatekeeping bureaucracies, BigPharma, and central banks caused this problem.

[@caydenthompson126]

Thanks Joe

[@fluxcapacitor1621]

Problems never get solved because partisan tools try to blame their opponents instead of addressing real issues. NIMBYs mandating single family homes and limiting housing density are the cause. Supply and demand can't work when every local government in the country is restricting the supply.

[@cflash2785]

This was happening way before Joe. Quit with the pointless political bias. This is the reason nothing ever gets fixed. Work together for once. Hold everyone accountable that is the cause not just the one old dude you wanna vote against smh...

[@caydenthompson126]

@@cflash2785 I had a lot more $ in my pocket under the Trump admin. Most people can say the same

[@123cmorga]

But the President has no control over rates, costs, etc. You can make an argument of the Fed having control but that’s an independent body

[@PhoenixAngel429]

People vote according to their wallet.

[@cherylbroadenax1006]

Home owners taxes and insurance thru the roof so the cost is passed on like businesses.

[@djbombba]

The corporate ownership of single family homes is the biggest problem. The housing lobby says "We just need to build more homes!" Except a significant percentage of those homes get bought by corporations and investment groups too. And the problem is that once a corporation owns a home, it's gone. A corporation never needs to move, never has kids and needs a bigger home, never dies and leaves the home to its kids. We will never be able to make homes affordable to working class families again unless we institute progressive land/property taxes and/or ban corporate ownership of single family homes entirety. It will be painful, and almost certainly require a taxpayer bailout. But this time, we should bail out the single homeowners and not the banks and investors.

[@sadie8015]

I am 24 years old, working since 15…I have fully accepted I will never own a single family home on my own. Even if I do, I could never afford the cost of an AC/furnace replacement, let alone replace the septic when it needs it… I live on my own. I pay a car payment now because my last car was costing the same in repairs. There needs to be change. God forbid I bring a child into this world and let them experience the same hopelessness and get kicked down the way we are currently.

[@RicardoGallegos-f5k]

Bc the Govt took businesses outta Russia doesnt mean they can take our money from "OUR" jobs here in America.

[@Noah-357]

Unfortunately, our government is not doing anything to stop these curropted landlords who keep increasing rent prices every year. Americans are suffering from homelessness even if they rent for now, but they lack the sense of stability because of the high rent prices. Curropted landlords think themselves in third-world countries where they can do whatever they want.

[@rustinpierce7269]

Let's just all move to west Virginia

[@harrysgirl101]

Eww...no

[@davidwilliams4498]

I live here. It's very affordable an hope you have a good stable work at home job. Jobs has been an issue here since the big corp wall st takeover of the 80s. I lived in another state for years where work was easy to find. 6 months after I retired I moved back to WV where everything is less expensive

[@kiturselassie813]

Misery loves company "lets all"

[@SaltyBollocks1]

FJB

[@jdubb6960]

There is housing crisis they won't build in bulk.

[@ianm8218]

They can keep jacking up the prices because they know people won’t rise up and do anything about it

[@killahkurlz7157]

nothing will be done.

[@Cadillac1903]

This current housing market has bypassed an entire generation of young people , the situation is an absolute crisis . at these prices its just not worth all the sacrifice required to own a home , having to work multiple jobs to pay the mortgage is not how ya wanna spend your time. you should never have to settle in life for something you want , so this advice goes against everything i believe in . but the sad truth is , its just not attainable with whats required to own a home .

[@crismcdonough2804]

Newsflash: trump won't do anything to help that if reelected. He doesn't give a crap.

[@skyranger1366]

Trump was the one that started the money printer. Biden was the one that took it as a challenge and sought to beat Trump's record.

[@vladimirofsvalbard9477]

@@skyranger1366 Exactly! It's mind boggling that people don't understand this.

[@CHARLESEXPOSE]

once the govt realize you will not be Able to build Yourself out of rent increases ... You have to regulate your way out of it ... the same way you had to do it to stop red lining ... Building more housing will not stop investors / owners and landlords from demanding more money to suit their bottom line .... Right now this is Americas Gold rush ... you have to regulate rent reduction!!!!

[@les0101s]

My city has regulated the rent increases. The problem is they waited too long to do it. Once rent is close to $2,000 for a one-bedroom apartment, regulations don't matter. A 10% increase each year sounds small, but it's $200 and then up and up. And it seems like landlords feel they must raise the rent every year now.

[@peterbedford2610]

Republicans always used to say , "just make more money"

[@ripplecutter233]

The role is... It has no role. Because Congress loves seeing their investments stay up

[@adanr2389]

Thanks to Trump and his economics and the republicans who love billionaires and forget about the poor.

[@miguelguerrero323]

Inflation still up what this clown 🤡 talking bout 🤣 as a single man am getting hit hard

[@nameblocked]

Talking a lot, saying nothing. Here's a start, end the corporate monopoly stronghold on residential housing. Especially the millions of units sitting empty.

[@brianst.bernard1009]

Why isn’t rent regulated but gas is

[@Adam-ey3ud]

Because companies pay for energy and that effects the stock market. That’s all they care about

[@AK_AF_LB]

Ok but like who in the world thinks electing a real estate mogul (whose job it is to profit off of real estate) is going to be the better candidate to control and reduce real estate prices. I sure hope that isn't the only reason people are voting!

[@erykahhoney588]

Something gotta give and it cannot be the American citizens

[@betenu1]

Somebody tell that woman that Democracy is not a luxury. We can fix our problems buy electing people who are actually going to seek solutions to our problems rather than just point the finger at someone else

[@TheNova64000]

How much influence does the sitting president have over the housing market? Does outcome of a presidential election impact which direction the housing market will go over the course of the next four years? There were times in the past when the housing market was a strong sellers' market, under presidents of both parties.

[@mattwalters1925]

It’s not a crisis. It’s called supply and demand for those who skipped economics 101. Build more housing. Gawd we’re dumb.

[@winniethebubbly]

Yes and corporations need to stop buying all these homes. Seems like everyone is going to be a renter in the future.

[@kiturselassie813]

Who will built when the majority love to play video games

[@infamousblaze8]

At this point no president can fix this problem

[@marianmorgan2156]

Part time jobs are up but not full-time

[@thanosianthemadtitanic]

there only one man to blame its simple. Whether thats right or wrong is up to the voters.

[@residentevil4life]

3:12 see this is a problem since Biden can't really solve the issue without delving into socialism and communism but unfortunately sky high rents is increasingly becoming not just an issue in America but around the world making a simple solution very challenging.

[@Dittxxyinc]

Gotta love that bidenflation!!

[@fluxcapacitor1621]

Gotta love the ignorance of low information voters. Problems never get solved because partisan tools try to blame their opponents instead of addressing real issues. NIMBYs mandating single family homes and limiting housing density are the cause. Supply and demand can't work when every local government in the country is restricting the supply.

[@Jimmy_Jingles]

Rent is more than half of my income and many others

[@mattwalters1925]

Good job John Kelly. No different than a consistent, stable, growing economy. An economy that has returned to normalcy after being previously derailed by foreign actors (covid)

[@firstlast8258]

There is no normal

[@foundationvault1091]

The Future of the Democracy is not worth less than housing.

[@R0ckstrmik3]

Thanks Biden , get him outta here

[@jermelpurse3018]

The interview we chose the really high outliers most places in America are not seeing rent. That’s gone up 50% or more. I hate that he chose to sing out these places because while it’s bad it’s not that bad it’s not making it out to me. In fact, him coming on here and giving you these inflated numbers it’s making things worse rather than telling you the entire story.

[@ruffian-wl1nd]

Make housing a human right. People should not be left to live and die on the streets. Especially the elderly and disabled. I see these people every day and it's getting worse. I live in southern NH. The government here won't do anything. It doesn't matter who you vote for here. They are all from upper class families or someone with money is greasing their palms.

[@EmeraldGamingNewz]

News flash - the government won’t do anything to fix this. What will you do?

[@bsgvlog5640]

Rent out a single room in my home for 2K a month /s

[@cihan.a]

build more houses so people can buy them and move out of rent