The Shocking Truth About Rent Prices in 2025

  Рет қаралды 49,903

Ken McElroy

Ken McElroy

Күн бұрын

Пікірлер: 125
@BREEZYM6015
@BREEZYM6015 2 күн бұрын
I bought a 2 bed, 2 bath townhome in Las Vegas last year. My mortgage and HOA combined is $1,850. I'm not complaining.
@SSTIXX-lc9qd
@SSTIXX-lc9qd Күн бұрын
that’s awesome! you must make good money 💰!!
@Eden639
@Eden639 2 күн бұрын
Here in Los Angeles, rents are going up every year and even rent control buildings raise rent 4% a year and raises the deposit as well in the same proportion.
@dhowto3005
@dhowto3005 3 күн бұрын
Mr. & Mrs. McElroy Thank you for the valuable information you provided in 2024! Have a Happy New Year!
@cranberryeater7459
@cranberryeater7459 3 күн бұрын
From Indiana: I spoke with the lady in the office when she took my rent payment last month. She said they are having lots of problems nowadays with renters not paying and being late
@DrunkenSailor160
@DrunkenSailor160 3 күн бұрын
I’m a landlord in Michigan near the Indiana state line. A lot of my tenants are struggling to pay rent.
@xiomaraouton8544
@xiomaraouton8544 2 күн бұрын
@@DrunkenSailor160
@mahrud
@mahrud 2 күн бұрын
Same here in Dallas, at least anecdotally from what I’ve seen.
@mikegilkey
@mikegilkey 3 күн бұрын
HOA fee for a 4/2.5 townhome in Scottsdale is going from $221 to $350 starting next year. Mostly insurance related. And our rent in the same complex dropped from $2800 to $2400 a month. Plus the HOA did a $1700 insurance assessment in 2024.
@DanilleAZRealEstate
@DanilleAZRealEstate 2 күн бұрын
wow yeah the HOA's are getting me as well
@mikegilkey
@mikegilkey 2 күн бұрын
@ thanks for the reply. Wanted to add how great you do on the Podcast.
@LancelotLink1
@LancelotLink1 Күн бұрын
I was a realtor in the Scottsdale area for 23 years and townhouses are risky because you're at the mercy of the HOA. They cover the roof, paint, water, landscaping and some of the insurance so when their cost goes up, everyone pays for it and you dont get the chance to shop it yourself.
@atlas4225
@atlas4225 3 күн бұрын
I have (2 year old) new construction coming to a close in my area with shy high rent prices and new ground broken in the last 3 months aggressively underway. Old home rent is high, new construction is silly high and the only single family homes I see not selling immediately are priced at 2x 2020 prices. Its far from soft in NJ
@atlas4225
@atlas4225 3 күн бұрын
ps: your viewers, assuming they are landlords should know about PITI and how the cost of ownership include all carrying costs, otherwise you can't evaluate ROI.
@Nicole-zv7ee
@Nicole-zv7ee 3 күн бұрын
I'm excited about the New Years Eve webinar tomorrow! Thank you for having a webinar tomorrow.
@lyleburlingame2276
@lyleburlingame2276 3 күн бұрын
Why do people buy homes with an HOA? Sometimes they are ok but I avoid with all costs.
@rockbottom3940
@rockbottom3940 2 күн бұрын
I just bought a home. Unfortunately, all homes seem to have HOA attached to the new neighborhood. I have been looking in Las vegas, Colorado, and Texas. All seem to have HOAs.
@playinpearls5419
@playinpearls5419 2 күн бұрын
I hate HOAs. I bought my house in GA specifically because it didn’t have an HOA. That was good for about 5 years until my neighbor moved in and has absolutely no pride of ownership. Grass is riddled with weeds, window unit in the front of the house, trash is out in the driveway for weeks at a time. I can see the positives of an HOA now. Unfortunately, they are usually run by people who just want to tell other people what to do.
@rockbottom3940
@rockbottom3940 2 күн бұрын
@playinpearls5419 that is true. I live in Colorado and have a metro district, which is a new name for HOA, our neighborhood is fortunate because they are very loose to enforcement for rules. Just as long as your home doesn't have overgrown weeds and broken down cars.
@magicalthinkingcommu
@magicalthinkingcommu 2 күн бұрын
People willing to pay the cost of HOA respect the rules usually. Higher quality home ownership in a subdivision is important people with money.
@MrSpamfriedrice
@MrSpamfriedrice 2 күн бұрын
Because the property without an HOA is twice the price in my area.
@DaveDDD
@DaveDDD 3 күн бұрын
“People are moving to the Midwest for the affordability. Make sure you take advantage of that and make it less affordable.”
@cranberryeater7459
@cranberryeater7459 3 күн бұрын
I’m from Indiana. We have been absolutely flooded with out of state migrants. Mostly florida, Georgia, Texas, New York, and California. Rents went up the last few years. A month ago I spoke with the lady at there office who took my rent. She said that they are having a lot of problems with people not paying and being late. They are also advertising like crazy trying to fill the empty apartment.
@lyleburlingame2276
@lyleburlingame2276 3 күн бұрын
People should move to fargo, ND. Tons of jobs and cheap rent
@wayne4330
@wayne4330 Күн бұрын
People from Portland Oregon are moving to Salem Oregon. Apartment growth is insane in Salem guys. Multiple builds from 400 units and up, as well as single family homes. It’s crazy. I can say that I have stabilized my rents for now. I know you don’t like Oregon really, but it’s not all that bad. Just some cities. lol
@boot-strapper
@boot-strapper Күн бұрын
Salem blows
@Thaksinnaenaudon103
@Thaksinnaenaudon103 13 сағат бұрын
Thank you very much
@sophiavega1777
@sophiavega1777 3 күн бұрын
HOA, PMI and Home Insurance ...is unaffordable ....
@kaliman1478
@kaliman1478 2 күн бұрын
In my area seems like section 8 sets the price for the rental market in my town. The poverty rate is 70% and rents are 1400 studio 1800 1 b 2200 2b all the way up to 6000 for. 5 bed
@1Skeptik1
@1Skeptik1 3 күн бұрын
Costs? I own (4) modest paid-for single-family rentals (zip 34606). I manage the business and about 1/3 of my rental income covers costs. There is no shortage of people looking for rentals on my turf.
@andyliptak847
@andyliptak847 Күн бұрын
We have a home in 34639 and have been able to keep rent the same, I have been keeping an eye on rents in the hood and they are starting to go below our current lvl. taxes have gone way up and insurance has double, we have other homes in the Chicago land area and are killing it here.
@HorrorAlgorithm0x1337
@HorrorAlgorithm0x1337 3 күн бұрын
New York City has lost almost 800,000 residents since 2020 but the rents keep rising! Why?
@johnnyboi5088
@johnnyboi5088 3 күн бұрын
Illegals
@toryloving3492
@toryloving3492 3 күн бұрын
Immigration…
@TomRossano-o8r
@TomRossano-o8r 3 күн бұрын
Still short supply of housing
@AngelStamenov-i8r
@AngelStamenov-i8r 3 күн бұрын
Inflation
@toryloving3492
@toryloving3492 3 күн бұрын
@@HorrorAlgorithm0x1337 Despite more people leaving New York than moving in, house prices are still rising primarily due to a limited housing supply, meaning there are far fewer homes available for sale compared to the demand, which drives prices up even when the overall population is decreasing; this is further compounded by strict zoning laws that hinder new construction in the city. Key factors contributing to this phenomenon: Low housing inventory: New York City faces a chronic shortage of available homes for purchase, leading to competition among buyers for limited options. Strict zoning regulations: Building new housing in New York is often hindered by complex zoning laws, further limiting the supply of homes. High demand from affluent buyers: Even with some residents leaving, a significant number of wealthy individuals still seek to buy property in New York, driving up prices. Remote work impact: While some people have left due to remote work opportunities elsewhere, those who remain may still want to live in the city, further increasing demand for limited housing.
@gentronseven
@gentronseven 3 күн бұрын
I think it's pretty normal for people to think prices won't fall next year and maybe they won't without a recession, forced selling and layoffs but that's how these economic cycles tend to go at this point.
@kyfeam
@kyfeam 3 күн бұрын
Jesus.. I pay $600 a month.. sure we live in a mobile home community.. but damn.. 4 grand.. F that.. clown world..
@BrightestStar-z1k
@BrightestStar-z1k 2 күн бұрын
Omg where??? I just got a mediocre 500sq studio for 1800 and it was the best deal on the market
@BREEZYM6015
@BREEZYM6015 2 күн бұрын
I pay $1,660 for a 2 bed, 2 bath townhome in Las Vegas. 😂
@kyfeam
@kyfeam 2 күн бұрын
@@BrightestStar-z1k suburban outskirts of an upstate city in New York.. you can only raise rent like 2-3% a year.. due to laws in New York.. at least at mobile home parks.. it's not a dump park either.. it's well kept and quiet.. been here 5 years.. and it's not a 55 and over park.. our trailer is 1000 square feet 2 bedroom single wide..
@jasonbuckley4384
@jasonbuckley4384 18 сағат бұрын
I missed the webinar! Will you share the webinar on youtube soon!?? Please
@davidstratton9347
@davidstratton9347 3 күн бұрын
Ok, the pivot for me into mid term/ long term rental is in play as an investor. Yes, prefer the short term but owning rental properties is still a great long play on 30 year fixed at 3%.
@ericmcgrew8952
@ericmcgrew8952 3 күн бұрын
Where do you get 30 yr fixed at 3%?
@JimiHipHop-pr8yo
@JimiHipHop-pr8yo 2 күн бұрын
so cute together! all the best in the 2025 New Year!
@kathrynj.hernandez8425
@kathrynj.hernandez8425 2 күн бұрын
0:35 She lost me at "less new units." Agh!English! Use "fewer" for things you can count and "less" for liquids, measurable quantities.
@openlink9958
@openlink9958 2 күн бұрын
Thats... actually a really good correction, thanks. Most of the time Im internally cringing because people dont know the difference between then and than
@keeperzero
@keeperzero 3 күн бұрын
I live in cedar rapids in my rent went up $3
@zxtenn
@zxtenn 8 сағат бұрын
I live and work in NC but i had a 'friend' in WV i used to see and saw how low the home prices are there so i bought one in Quinwood for 33K, I put 8K into and was approached by several realtors said if i was thinking of selling i could make a decent profit. Long story short a realtor listed it for 75K which i got so i made 34K gross minus the 6K fees so 28K in my pocket, it sold in a week. Any thoughts on WV in general, yes i know the industry isn't the best there which is part of the reason why home prices are low.
@AviKlein-r5y
@AviKlein-r5y Күн бұрын
Hey Ken I watch your videos and 1 of the many things I learned from u was that information is king and now with the internet its so much easier but also I get very lost on the internet so I wanted to ask u where is the best places to get real estate related information on the internet….
@Jimbo12880
@Jimbo12880 Күн бұрын
In real life
@RicksCafeAmericana
@RicksCafeAmericana Күн бұрын
The furnished midterm space is where it’s at.
@gdelete8098
@gdelete8098 3 күн бұрын
When those who bought properties with the intent for AirBNB can't do short term rental due to regulation, and the long term rental numbers don't work... do you believe that will then increase the home sale inventory?
@sandybartlett1333
@sandybartlett1333 2 күн бұрын
It seems like yesterday 2 years ago when you guys were swearing rents would only go up.
@sharonwinson-m8g
@sharonwinson-m8g 3 күн бұрын
Ah yes, the rent vs buy decision I’ve been trying to figure out for years. The rental income vs mortgage payment calculation never made sense to me. But this is much more logical and makes far more sense. Thank you for simplifying this!
@Vincent-j8u
@Vincent-j8u 3 күн бұрын
Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.
@TinaJames222
@TinaJames222 3 күн бұрын
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.
@JacobsErick-u8r
@JacobsErick-u8r 3 күн бұрын
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
@TinaJames222
@TinaJames222 3 күн бұрын
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 4 years now, and her performance has been consistently impressive.
@2dodger2
@2dodger2 3 күн бұрын
Can you make that chart available?
@Chuck-qi8pw
@Chuck-qi8pw 49 минут бұрын
Real estate rental prices tend to be localized in each individual areas. I believe rental prices have peaked in most areas. I don’t anticipate rents will drop significantly in Northern California except perhaps San Francisco.. No one really knows how technology will affect the rental market yet. Another words if you can work at home where you don’t have that expense of commuting could affect the suburbs. High crime large cities could effect a movement of families from the cities to the suburbs. Where crime is rampant, you will see an exodus of people and rents will soften in those areas. Overall, I anticipate rents are going to stabilize in the suburbs and drop in big cities.
@drberrydds1
@drberrydds1 3 күн бұрын
Don’t be fooled, it’s all about supply and demand. Demand is far outstripping supply for quite a while, so prices stay high but ability to buy still stays fairly high. Interest rates come down to 4% and the buying will be crazy.
@Cashflowsavage
@Cashflowsavage 2 күн бұрын
4 bedroom homes seem to have less vacancy as I pick my tenants I want them to have 2 or 3 kids in grade school they are more likely to keep the kids in the same school and neighborhood. 2 bd homes are most likely boyfriend/ girlfriend they get a job and will leave
@jimmyjay689
@jimmyjay689 2 күн бұрын
I can take a guess
@williewill1237
@williewill1237 3 күн бұрын
Not even two minutes in and you guys are all about the false prosperity in housing. I want the real doom and gloom.
@UrsaBella
@UrsaBella 2 күн бұрын
new units cannot compete with my townhouses. I have much more space, all the amenities, garage, fitness center, privacy. I am not interested in a 20 yo tenants that prefer these newly built chicken coups and live with the roommates. My rent is going up to cover for theinsurance cost and I am in a market with the rent decline predictions. I am picky with my tenants.
@countrycreekclips4749
@countrycreekclips4749 2 күн бұрын
FEE SImple !!!!
@termita358
@termita358 3 күн бұрын
Property taxes are going up also for landlords 😂
@BeckyVision-d7y
@BeckyVision-d7y 3 күн бұрын
I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family
@SidneyBrookmanDavis
@SidneyBrookmanDavis 3 күн бұрын
How please
@BeckyVision-d7y
@BeckyVision-d7y 3 күн бұрын
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
@BeckyVision-d7y
@BeckyVision-d7y 3 күн бұрын
She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.
@BeckyVision-d7y
@BeckyVision-d7y 3 күн бұрын
I'm not here to converse for her but to testify just for what I'm sure of, she's trustworthy and best option ever seen.
@SidneyBrookmanDavis
@SidneyBrookmanDavis 3 күн бұрын
Alright thanks for the recommendation but how do I reach her?
@troybleth7346
@troybleth7346 3 күн бұрын
Portland is an interesting one , I live just north of Portland in Vancouver , wa and own 2 rentals, and the market here is exploding , I think people like the idea of driving 10 min north and NOT paying state income tax . Winning for me :)
@SmartestDumbGuy
@SmartestDumbGuy 3 күн бұрын
10 years ago vancouver would go to Portland to visit. Now waterfront, Casino, and homeless crisis has Portland going to Vancouver to visit.
@adrianamatilda1
@adrianamatilda1 2 күн бұрын
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
@GrozaGroza-ko7fn
@GrozaGroza-ko7fn 2 күн бұрын
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
@stephaniebeddis8069
@stephaniebeddis8069 2 күн бұрын
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
@ZahirFriedman
@ZahirFriedman 2 күн бұрын
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
@masterotrunks
@masterotrunks 2 күн бұрын
I'm new at this, please how can I reach her?
@anatolyivan
@anatolyivan 2 күн бұрын
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
@Vin-pd7mh
@Vin-pd7mh 3 күн бұрын
There is a flood of rentals in my area offering 2-3 months rent free on NEW LEASES 😎😎
@rockbottom3940
@rockbottom3940 2 күн бұрын
What state, if you don't mind me asking. Thanks in advance
@kangaroojack7678
@kangaroojack7678 3 күн бұрын
I thought u were from Richland wa Ken
@morganhill2586
@morganhill2586 Күн бұрын
Is this a father , daughter show
@irulinaacarina3601
@irulinaacarina3601 Күн бұрын
You were wrong so many times,I don’t expect you to predict anything
@Tn_jed001
@Tn_jed001 3 күн бұрын
I live in Seattle proper. If you think crime is a problem and people are leaving then you’re watching too much Fox propaganda. The population is increasing and the new apartment supply is increasing faster. I have a lot of younger friends working in the service business and rents are not going down.
@WMDB4637
@WMDB4637 3 күн бұрын
Cope harder
@karleells6540
@karleells6540 3 күн бұрын
Seattle politics is stupid on steroids. Democrats are the dumbest voter block by far.
@genarolegorreta3418
@genarolegorreta3418 3 күн бұрын
Boots on the ground opinion
@mikeblaney8382
@mikeblaney8382 3 күн бұрын
did you mean Seattle pooper?
@LibertarianRF
@LibertarianRF 2 күн бұрын
Researched it..crime went wayyy up but has come down from the peak since 2023.
@friendly-stranger6223
@friendly-stranger6223 2 күн бұрын
Rent goes up because of easy immigration. In Thailand rent can be negotiable because immigration is hard
@kenpowell3557
@kenpowell3557 3 күн бұрын
I'm guessing you are woke and live in a safe neighborhood or you love stepping over the hopeless 😢 the map shows Seattle is growing in rents 🎉 so listen to the podcasters stop with your TDS
@humanyoda
@humanyoda 20 сағат бұрын
What's the success rate of your predictions for the past several years?
@Jimbo12880
@Jimbo12880 Күн бұрын
A unique market where you can't abuse your tenants???? What! I need more money, of course you raise rents you fool
@perryconnor697
@perryconnor697 3 күн бұрын
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