Chicago rent keeps rising, higher cost of living straining many residents
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- Опубликовано: 6 сен 2023
- Apartments for rent in Chicago are becoming more expensive with every year, causing strain for residents and making some wonder if they should move. FULL STORY: bit.ly/3RktuK6
Rent keeps raising but paychecks aren’t 🤷🏽♂️
Exactly
And it's wild.. because 3 companies own ALL OF IT..
It's all going to the same pockets
I wonder why 😂😂😂
@@shadowsmith1386 You know something I don’t? Share cause I’m confused!
Thank God our new asylum seekers don't have to deal with the unprecedented rent increases.
What’s your point? Corporations buying up property and renting at exorbitant prices wouldn’t be happening if asylum seekers weren’t here. Section 8 is available to non asylum seekers. Let’s not pretend government isn’t aiding its citizens with welfare, housing vouchers and daycare assistance.
They are economic migrants, the last asylum seekers were the Vietnamese post war and the Vietnamese boat people of the 80s. Those were true humanitarian crisis caused by our involvement in SE Asia. The new wave of illegals deserve nothing and should be promply deported. @@smfarrie2943
@@smfarrie2943yes they are and the point is exactly what she said they are not having to worry about rent as well as they are already getting all these benefits you mention !! While here we are counting Pennie’s because we don’t qualify for these benefits you e mention so that is the point !!! N all the big corporations are being sold by the people that are supposed to keep Chicago from being sold !! To benefit there pockets !! Smdh
They don't have to worry because we the taxpayers are paying for all their needs. These Democrats cities have rolled out the red carpet for them.
How sad...😢
Proverbs 14:34, we read, “ 2:34 Righteous exalts a nation, but sin is a reproach to any people.”
This is what happens when nations CANCEL Almighty GOD, and it will only get worse.
The moral and Godly principles and foundations of morality, family, accountability and fear of GOD have been calculatedly stripped from our homes, society and schools and replaced with complete lunacy.
So, we have generations today who know not GOD!. Don't fear GOD, parents, teachers, police and anyone else. Rather, evil, immorality and degradation is the new norm.
In Book of Ecclesiastes Chapter 8, Verse 11 -
Because sentence against an evil work is not executed speedily, therefore the heart of the sons of men is fully set in them to do evil.
Isaiah 5:20 --
Woe to those who call evil good and good evil, who put darkness for light and light for darkness, who put bitter for sweet and sweet for bitter!
The LORD Jesus declared over 2,000 years ago this!!!
Matthew 24:7 - For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
Luke 17:26-30 "And as it was in the days of Noah, so it will be also in the days of the Son of Man: They ate, they drank, they married wives, they were given in marriage, until the day that Noah entered the ark, and the flood came and destroyed them all. Likewise as it was also in the days of Lot: They ate, they drank, they bought, they sold, they planted, they built; but on the day that Lot went out of Sodom it rained fire and brimstone from heaven and destroyed them all. Even so will it be in the day when the Son of Man is revealed."
Luke 21:25-28
"And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring; men's hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken. And then shall they see the Son of man coming in a cloud with power and great glory. And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh."
Isaiah 55:6
"Seek ye the Lord while he may be found, call ye upon him while he is near:"
"Let the wicked forsake his way, and the unrighteous man his thoughts: and let him return unto the Lord, and he will have mercy upon him; and to our God, for he will abundantly pardon."
Proverbs 21:30
"There is no wisdom nor understanding nor counsel against the LORD."
Psalms 9:17
"The wicked shall be turned into hell, and all the nations that forget God."
Proverbs 14:12 -
There is a way which seemeth right unto a man, But the end thereof are the ways of death.
Matthew 11:15
"He who has ears, let him hear."
Psalm 14:1 - The fool hath said in his heart, There is no God
Proverbs 29:1 - He that being often reproved hardeneth his neck, shall suddenly be destroyed, and that without remedy.
@@smfarrie2943
In NYC Section 8 is available for asylum seekers.
CBS News, August 31, 2023, "The White House says funding is available for the NYC to provide housing for eligible asylum seekers families, which includes up to 14,000 vouchers".
Cook county has the most ridiculous property taxes. They raise the taxes and then rents go up. $1700.00 per month for one bedroom apartment and that’s in the bad neighborhoods.
black bad or brown bad?
@@francismarion6400 ANYONE WHO COMES HERE ILLEGALLY ARE BAD. Dont care if they are purple
@@francismarion6400
Both
$1700 for 1BR is pretty cheap. Come to NYC and pay $3000 for 1BR in a shady neighborhood.
Yes but people keep voting for the Dems who love taxes.
Why is this happening? Why are these rental companies able to get away with doing this to people!!!
Exactly
Socialism
Because y’all keep voting for socialism…just claim you’re an illegal immigrant you’ll get everything for free
All jewished owned like blackrock and vanguard
We need price controls
But hey, my company gave us 3% last year for 2 years and said we should be grateful.
lmao
My buddy got a 15% pay cut.. it was that or lose his job
We all are in the same boat
My rent just went up $353. I’m having to move in with my son can’t make it on my own anymore. Sad.
And I live in Northwest Arkansas
Look into USDA 1st time homebuyers program
Thank you for bringing attention to this issue. Rent prices are increasing everywhere and it is shame especially for single parent households.
You vote blue? You work out yet that the wave of Mexicans every day are also a factor? You figure that out yet? 👌
Too bad y’all aren’t illegal immigrants, you’d get sooo much for free
At least you live in America
Imagine the govt paying for illegal immigrants to live though.
The tax payers are paying for it..
Democrats love illegal immigrants. They just don't like paying for them with their own money.
@@elbertmoreno2159 most tax payers don't care where the money goes clearly its all gone to urkraine thanks to the us dementia old con man president
You’re paying for it. You’re so giving and thoughtful 👏☺️
@@LP-bt4jk 🤣. Tax payers should be able to claim them as dependents on taxes🤣
Corporations are doing the same things with mobile home parks which many elderly and low-income people use for housing. They can't take their house with them and if lotfees keep rising and rising, They are out of luck. Driving people to the streets to live.
I live in Virginia near Richmond an it's crazy a 1 or 2 bedroom with roaches in the worst areas are $1200-$1500 an a nice area for a 2 bedroom $2300-$2500 an 3 bedroom $2800-$3000 it's insane 🤦🏻♀️ were barley getting by an I'm blessed to have a basement apartment I moved in almost 3 years ago but if I was to have to move tomorrow I don't know what I'd do honestly an I know people that are living in tents an Vans cause they can't afford rent anywhere anymore even hotels are $400-$600 a week . I pray something changes or someone steps up an does something or we are all gonna be homeless or living 10 deep in a 3 bedroom just to survive 💯 It's a sad time we live in.
In a hotel someone is paying $400-$600 per week and what is he or her paying per month, and what are they earning each per month,oh my goodness how Live is so difficult you can't tell
Yeah Richmond is getting ridiculous.
Change something? This is Bidenomics Cmon man
I Say, wonderland is ready gone forever and ever. 😢
Move to Wisconsin or Ohio. Cheap rent overthere.
Back in the 80's 3bd apt $400 . You just go to the landlord with the money. No application. Just hand them the money and the apt was yours.
Man I miss the 80's I was born in 1969 I just turned 54 this month . What a great time to be alive ya things were hard at times but my mom stayed at home dad went to work .And I lived on a 275 acre farm lots of open land we had it all. Man those were the days. Anyone got a freaking time machine please for the love of god I want to go back .
@@jimmydean358Since 1971, 😊The best U.S. president in American history, Richard Nixion, took us off the goldstandard. Leaving the dollar backed by completly nothing & the price, the cost of living has rising since then.
@@jimmydean358I miss it to
Must be nice for Illegals to get free Hotel Rooms, 3 meals a day plus snack, Wi-Fi, Cell Phone, and Politicians who are working hard for their best interest… All Paid but Chicago Tax Payers and Voters!
Jealous much?
😂
@@DaveAnderson-ic6oo I am just getting up to go to my job to get paid and have taxes taken out. Evidently you do not work or pay taxes. If you do have a job and pay taxes you are an idiot for your comment.
@@DaveAnderson-ic6oo 😂 I think so.
@@DaveAnderson-ic6ootax payers are paying for it, those people should go home and fix their shit countries
@@DaveAnderson-ic6oono, we are tired of working to pay taxes to bankroll illegal aliens ' new lives. we all know most of them are not seeking asylum... just more money as they all make demands from our country for more freebies. sad, veterans still on the streets while illegals up in hotels.. i'm not jealous... i just think we should not be paying for people's lives. send them back
So the next economy collapse will be in the rental community
did you not see that coming for some reason? Keep voting blue
@@chris882211 this is happening the worst in Florida so u can sit down and shut up with that mess.
There are plenty of people who qualify for these rentals just waiting in line.
I'm in Flint,Michigan and within 2 years my rent increased from 500 a month to 700 a month for a 2 bedroom house.if the landlord raise the rent in 2024 another 100.00 I have to move. I'm struggling now.❤
WTF? You are complaining about $700 a month for 2 bedrooms? Were do you live, the roach motel? 15 years ago in Texas rent was that but now is $2000+. $2.5-3K for nnicer units.
Just finance a home and own it for $1,500 per month people! Even $2k, but you own it.
Its flint man..
@@dontbestupid6664have you been to the north end
I remember one time when land lord raises the rent, and you know maybe you haven't prepared to that such amount
Sorry hun but $700 for a HOUSE, A WHOLE HOUSE?! 🏠 I know you're in Flint ,MI but that's a deal.
This is happening in New York City, Washington, D.C., Baltimore, Durham, North Carolina, Los Angeles, Boston, Atlanta, Miami, San Francisco, and other cities. Washington, DC and New York City does have rent control. I live in New York City (Manhattan). The median rent price in New York, NY for August 2023 is $3,724. This is $229 more than August 2022.
You forgot phoenix
ATLANTA WORSEER
Just a guess, but are these democratic run city's ? Hmmmm, can you finally see what your voting is doing or not ? Blind as blind is
Arent ALL those cities SANCTUARY cities? You know, the ones that wanted and welcomed all the illegals coming over here? More commiing.. You guys voted for it. comes out of your taxes plus your landlords. Next election not till 2024,, guess how high your rent is going to go up by then?
You will own nothing and be happy.
I just realized the rent is more money than I get on my social security check😢
Exactly
Hey. someone has to pay for all the illegals coming in. they get free rent, a check for 2 grand, free health care free food.. What did you expect?
but the migrants are so cute, we should keep them and pamper them too.
@@francismarion6400 the migrants are not buying up houses and renting them back at unreasonable prices. Why do u hate brown people so much?
Leave the country and live like a king
If you don't like how I inflate my city, pack your junk and leave. - Mayor Brandon Something
It is mostly because corporate landlords. They bought single homes and apartments. Control both ends. You either pay for an overpriced house or renting an overpriced apartment.
Some said it is because of supply and demand. With that much money they can buy many properties without sweat. Also they can also reduce amount of money into new properties development which also causes that artificial price hike
That is why government funded taxpayer dollars being used to house migrants is a great money-making scheme.
Stop trying to blame corporations. Democrats voting for property tax increases. The landlords pass that tax down to the renters.
Yup. Small LLs sold because of the eviction moratorium
A lot of homes bought for B&Bs also took out a lot of homes available to buy.
I pay stupid low rent at the moment but it's from a private landlord and he doesn't keep up with repairs. I usually have to hire someone to make them and subtract from the rent. I've recently went window shopping for a new apartment and I couldn't believe the prices! 😱 I don't know where this news team looked but I was seeing rents more like $2,300 - $3,000 in Chicago. My plan now is to save as much $$ ,get a side gig and stay here as long as I can. 😑
Try looking for foreclosed property.
@@Chicago48 Definitely will.
You have to be careful because if that landlord gets an OFFER TO UPGRADE he'll take that cash and you'll be getting a 30-60 day notice to vacate the premises. You better start making plans now to look around at some other options that you can grab up on short notice. I've seen these "dilapidated" buildings and they all get bought up buy " INVESTORS" that see a chance to make a $$$. Most of these investors have 1 American and a bunch of foreigners seeing American real estate/housing"as their new cash cow. This is why there's almost no state that's safe. People are running around scattering like rodents but they are being screwed no matter where they go.
Illinois is shrinking very fast. It's among the three fastest shrinking states in US. But the housing shortage is so severe that there is still a supply-demand imbalance
Once she buys a home, she will realize that paying for rent wasn't so bad after all. If she buys a home for $500,000, she will be looking at paying upkeep/maintenance, garbage and sewage, water, $10,000 tax bill, mortgage, ever increasing costs from the insurance companies (due to crime), etc.... You get to keep the home at the end, but you basically paid twice the cost of the house before the end of a 30-year mortgage.
I don’t think you understand what equity or cap gains tax or a lot of other things are if that’s how you think homeownership works.
Sorry, you don’t understand the situation here. Pretty much we all know owning a house comes with major responsibilities. But it’s your house…period.
@@lovev9904 It's not your house when the government can repossess it. Do you mind confirming whether you are a landlord in Cook County?
@@tvviewer4500 Capital gains will outpace the current mortgage rates? There is opportunity cost especially when there is an inverted yield curve. And you don't pay taxes on T-bills.
*state taxes
I live in CA. 9/1/23 my rent went up $40.00. My electric bill doubled.
Street people break into empty apartments and use air conditioning 24/7.
I pay rent can't afford to use air conditioning. I m sick.
Pray God's will will be done as this crisis is resolved.
You can't help being angry about the situation.
The fact there are empty apartments should be the crime.
After the COVID moratoriums..many just want to sell
As an Illinois homeowner I think the real story is relentless tax increases. Mine have doubled and risen again in one year. My brother has a condo in Chicago and his property taxes tripled. Its no wonder rents are going up.
These places have no choice. You put rent controls on these rentals on top of that you will break them and end up with San Francisco, tents and crime everywhere. Just watch.
😂
@@ourtechwriter yeah you'll be laughing when you can't find an apartment
Owners of the rentals are having to pay higher taxes. Landlords are not renting as a community service, but a business. Every time their expenses go up so do rents. Sad, but true. Stop blaming landlords and start blaming the politicians who are destroying this country.
The city of Chicago increases taxes,and the insurance company increases too,it is very hard for the landlord too.
Cook County Presedent and Pappas. Give them your thanks Chicago. Plus "Migrants". IT IS REACHING CRITICAL MY AMERICAN KIN. WE ALL ARE FEELING THE CRUSH.
Hmm I'd say it's the financing and flipping real estate. The washing of electronic capital into real assets. Eh we know your in it for the money.
@@jamesberry7150 it's all crooked boss. You know that right?
Corporate for profit investors to make as much as possible, cutting maintenance and turning buildings into slums and selling out after maximum profit. Better housing in high crime areas, but not many willing to rent due to crime. Time FOR landlords to join forces to fight crime in such areas that would significantly broaden the rental market. This means hiring security guards and culling out problem tenants. IT CAN BE DONE, BUT THEY MUST DO IT FOR THEMSELVES. Stop waiting for the city to help, its not coming.
Renters too must start thinking outside of the box to band together to start co-opts. Quite reasonably people want to rent in the limited housing available in low crime areas, which gives greedy landlords such power to gauge, nickle and dime them in fees. A coalition of renters with landlords in these high crime areas can break the cycle, with guards, and cameras, and keeping the hood rats out.
As property taxes keep rising that cost is passed down to the renter. The landlords also are facing more cost for property insurance as well. 😢
Rent moratoriums have consequences. Who would have guessed that not being able to evict bad tenants for 3 years or collect rent from them would cause landlords to drive up rent costs to recoup massive losses.
Don’t get me started with insurance increases because of the spike in property crimes from “defunding the police” and not prosecuting crimes.
Finally property taxes are going up dramatically in many areas including Chicago due to the plummeting value of the dollar from printing so many of them driving up the values of properties.
The past 3 years were an exercise in what not to do from a public policy perspective. Hope you had fun, because now the bill is due.
Working people have to pay for the free-loaders.
Chicago isn't an exception. NYC and Chicago suffer tremendous costs of housing asylum seekers.
The city cuts expenses in vulnerable places to get billions for Asylum Seekers.
The cost of housing migrants in NYC is extraordinary - "We are past the breaking point" - NYC projects a $12 billion migrant bill.
Detailed single bill: $383 per night, including food, housing, and medical care (all for free for migrants), said Mayor Adams on August the 9th.
To manage those expenses, Adams says the city plans to trim services such as library hours, meals for senior citizens, re-entry programming for Rikers Island prisoners, and free, full-day care for three-year-olds.
All due respect this isn't a migrant issue. At least in Chicago. Though they're probably not helping the situation. Rents have been rising well before Sleepy Joe opened the borders. If you were to look at IL full financials , you will quickly see the math isn't matching. Just my 2 🪙's
Sanctuary City status has its benefits. 😂
This isn’t a migrant issue, as you heard in the video these are corporate owned land lords. They have nothing to do with government funded living for migrants
Why are rents sky-rocketing in TX and FL, even with their fascist governers sending all their migrants to northern cities?
It's just the start, keep the Busses Rolling. Open boarders for all. Aren't you glad your man Biden is doing such a great job, makes the last president look pretty good now doesn't. Let's go Brandon
My 3 bedroom house mortgage costs 1/2 the cost of a 1 bedroom apartment and nobody steals my stuff
Or murders you.
I don't feel so bad paying $1900 for a 3 bedroom house now and yeah I fix whatever I can. 😮😮😮😮 Compared paying joe for higher rent prices.😮😮😮😮
It’s the property taxes that is also driving this. Cook County has the highest property taxes in the country. Rent control will make this situation worse. I get so sick and tired of people thinking rent control will work. IT WON’T!!!
It’s waaay cheaper than other major cities such as NYC, Washington DC and LA
No it’s not lol median rent increases for 1BR and 2BR shot up iver 20% and now it’s on par with LA and DC.
Holy crap?! 1800 rent cost? At that point? I’d recommend leaving for a more affordable town
We're talking about a Chicago resident. They voted, now they're dealing with the consequences. Meanwhile just like they voted to be a sanctuary city these illegal migrants get better benefits. You want them to move around the whole country and spread this disease all over?.
Affordable towns are usually affordable because there are a lack of jobs. When affordable towns get jobs they are no longer affordable.
@@jeffrobodine8579 anywhere outside of Chicago is more affordable
I live in Milwaukee county. Rent isn't as bad as Chicago but it's still crazy high. I contacted rent assistance last week and they told me Milwaukee county has zero funding left and had to stop taking applications in June. As a single mom these prices have become completely unaffordable. Not sure whats gonna happen now. 😢
It's going on every where I live in Boston Massachusetts and it's ridiculous
It seems to happening in all the major cities.
Thank God when Covid hit we bought an RV and now we live in a reality nice RV park, pay $700 in rent and we own the rv. I don’t know how we would make it if we still rented an apartment.
$700/month just to park an RV...wow!
@@notapplicable430 they are not cheap but that includes all utilities.
you mean your making 700 monthly payments on it ?
Smart move!
A lot of people would rather burry their heads in the sand and choose not to face the harsh reality of what’s to come. They do no thinking outside of the box like you managed to do…and when it all blows up in their face, they are in shock when their fairy god mother doesn’t show up to help.
People need to plan better, instead of complaining about their shortcomings.
Too bad more people aren’t doing what you did.
Watch out. They are coming for RV PARKS TOO. Just heard about several "senior parks" being converted and then becoming new -"multi-family" dwellings. It's always $700 to start. Then someone " buys it" and it goes up to $2300 a month for lot rent. Please start making plans to avoid this. I've seen so many of these things happening once the "couple" hits senior age and they don't have any other method to get back on their feet.
Just say you're from Mexico and you don't speak English and you need help go to the immigration office and sign up free housing food bus pass they'll probably even give you a car
If you can't beat 'em, join 'em.
Cool. Hopefully you can match their work ethic too while at it.
Try it, and let's see how far it gets you in life.
@@FingerThatOthey have a real strong work the system ethic. Those perpetually pregnant women pumping out anchor babies are the hardest working of all. Right? Please respond.
In NY some are getting the mopads.. I shit you not.. they get free dirt bikes..
See what happens when some tenants don’t pay rents for months or even years…all renters suffer.
As a landlord, I do my best to be fair with increases, but there will definitely be increases for years to come too, from the looks of it.
That's only a small part of the issue. The real issue is FOREIGN INVESTORS. China is buying things up and Americans don't realize how much the Bidens have turned Americans into play things.
@@GoddessBlueYozakura7: the real issue is that you don't understand CAPITALISM. Try opening a book instead of making uninformed comments.
@@eattherich9215I’m a capitalist… pretty sure I’ve read a few more books than you have. I bet I can buy and sell your entire family in a day too. 😂😂😂😂😂😂😂😂
You will have your insurance and taxes raised so much you will be forced to sell. Own nothing, be happy.
@@andyandreson3989 people have to live somewhere…so I’ll just have to pass my increases on to the tenant.
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Funds are buying any homes they can get their hands on as investments cause stockmarkets are and will be unstable....and they dont have interest in renting, just keeping them vacant ( cause they already have plenty of money ) and pay their annual taxes, as real state market prices rise...lower homes to rent...this is what happens....and politicians dont care cause a lot of them invest in these funds....
Those rental costs would be far higher in London (England, UK).
Rent increases plus student loan resumption is going to put a real drag on the consumer economy. People will go out less and they will buy less merchandise.
Not the landlords fault it's the county the county raise the taxes the landlord has to go up on the rent.
Casually ignore the groups of landlords and realtors who have been caught conspiring and artificially jacking up prices for profit .
If these people were smart they would leave the big cities asap. Mad max incoming.
How much did the property tax go up? I'm hearing reports of a 55% increase.
Expat 🇺🇲 left Chicago now lives in Colombia 🇨🇴 very very well on $1500 a month ..👍
How much does Section 8 rent increase? Maybe the Liberal press could do a story on that. NOT!
Oh please it is the fact that the city keeps raising taxes don’t blame the owners.
There's no reason to live in the city anymore unless you are first responders of some sort.
In Canadian cities like Toronto people pay around $2200 USD for a 1 bedroom apartment.
Would rather live there anyway tbh. Cleaner safer and the local gov isn’t as horrendous as ours
I only made $48k a year when I closed on my condo back in 2022. I don’t know but I didn’t find it that hard to buy a home if you have about 3-10% of the home value saved up cash and some investments on the side (Roth or Retirement)… I pay $1000 a month with the mortgage, insurance and escrow combined. It’s possible you just have to do some research and move a little further away, get a cheaper car.
I feel like landlords don’t like people that are responsible that paying there rent on time
There should be a law against this!!!
I think most people born and raised in chicago know where to find affordable apartments. Those rent prices from lincoln park and Wrigleyville have always been high not sure why anyone would want to rent there their are cheaper apartments in chicago in other better neighborhoods.
No, the other neighborhoods are dogshit that’s why nobody wants to live there. Do you want to dodge bullets in Pilsen for 1500? Or pay over 2000+ for a safety bubble in Andersonville
That's everywhere across this nation. Illinois and California two of the highest state tax brackets.
Well someone has to pay for the illegals in those cities
Both states are shrinking also. There are about 14 or 15 states that are shrinking in California and Illinois or near the top as far as the rate at which they are shrinking
You can always move to the South Side and West Side! There's also Gary. IN.
So just what is going to take for people to take action…?
This is what happens when the government keeps printing money.
I been studying the fall of the Spanish empire and its so crazy were following in the same footsteps. I think politicians should study history so they dont make the same mistakes.
Spanish, Roman, Dutch, British. They all crumble when fiat currency is involved. Central banks infiltrated this country and this is what happens.
They're too busy insider trading and doing back door deals on no bid contacts. 😅
That woman's hair and nails cost half a months rent.
$1700 per month 2 bedroom apartment that is so cheap in chicago compared to california los angeles. california los angeles now $3200 for 2 bedroom apartment.
You must be a landlord. If you think its cheap, then you are part of the problem
@@MrYega-zq7rz the landlord is not part of the problem. is the government part of the problem because government raise property tax 10% to 30% on landlord so landlord have to passs onto tenants landlord going raise rent to keep the tax payment to keep their house and apartments.
you never own any house that is why you say landlord part of the problem. when you own one single family house you will understand who part of the problem.
@@ryanretirement6662 you just contradicted yourself, "the landlord is not part of the problem" then say "so landlord have to pass onto tenants landlord going raise rent to keep the tax payment to keep their house and apartments." landlords who are still making money regardless, does not HAVE pass it onto tenants the full amount increase, its hurting American middle class the most and especially lower class. If landlords cared about their tenants, join the fight to lower taxes instead of passing the problem to those losing more money to survive.
if you cannot afford rent a house or apartment you can go buy a tent live on the street with other homeless people nothing is free in this world.
WHAT ARE THE MIGRANTS GOING TO DO IF LEGAL CITIZEN CAN'T PAY RENT?
Don’t worry about illegals because the government has plans to use our tax money to support them. Disgusting.
Demand more because they can.
The US Government is going to pay the illegals rent for them bruh. Legal citizens are being forced out of their homes to make room for the illegal invasion. Didn't you see this coming ?? God bless Texas !! The illegals need to be sent home !! Thank Ole' joe Talibiden for this mess !!
Live for free.
@@rhuttrho88 They are being supported by taxpayers against our will. The Biden administration gives money to everyone except Americans.
Some landlords are greedy and would be unwilling to do ANY of the suggested things. They do not care if you move bc the next person will come in and they can charge even more for the apt.
Sad really 💔
This actually seem cheaper when compared to NY and San Francisco
Manhattan maybe. Bronx, Queens and Staten are on par or cheaper than many gentrified areas of Chicago
If the highest rent increase was in Lincoln Park at 10.6% and the median rent increase for a one bedroom apartment is 10.3%, this means either all areas in Chicago are approximately at 10% (rent increases) or the use of the median is inaccurate. That is, if 10.6% is the highest, per neighborhood, than this means that most neighborhoods are significantly less than 10.6%. This means that the median/average rent increase should also be significantly less than 10.6%. This means either the analysis of the data is flawed or the rent increases in Chicago are so uniformly distributed that the median rent increase is the highest rent increase percentage. The earlier is far more likely.
With all your math. all it means to me is.. move the hell out of there
Yes. But the "journalist" says "Math is hard!"
I once attended a wedding at a large converted factory in Ravenswood owned by the head of Hayes Properties. In it, was a whole fleet of very expensive cars, Rolls Royces, Bentleys , Feraris, Lamborginis, Jaguars, Aston Martins, from the 1960s and 70s. Picture James Bond's personal car collection. And over those hung a collection of huge retro neon signs. All worth a fortune. I've never been much of a class warrior, but that sight sure crystallized the difference between renters and landowners. I couldn't help but think of all the people scratching up rent to subsidize such a extravagant toy collection.
$2500 for a 1bd in Loop. I wish I was paying 1400
It’s been like this in Chicago since early 2000s every year just keeps on getting worse
Someone needs to step in and regulate this because this is been out of control since Covid started
Renting is still CHEAPER than owning a Condo. And dealing with HOAs is terrible. Just pay the rent increase and be lucky you are not liable for leaks, aging HVAC, repairs.
In Arkansas our rents are increasing over 300 a month
This year
When my lease is up Iowa here I come.
Most people don't see the problem . The U.S. Dollar is worth less now than it was last week , that means prices for everything have to increase , what it also means is that you should be getting raises in you wages to match but large corporations don't want that . Financial Experts agree that a single person with a H.S. Diploma working at an average job that does not require higher education should be spending no more than 30% of their take-home wages on rent and utilities . Look back to the 1950s a family with 2 children could afford a home , a car , and 1-2 weeks vacation every year and in most cases the father was the only one working , ( a single 40 hour per week job ) and the family did just fine . SO THE REAL PROBLEM IS WAGES . Now I know there will be some people that say well if wages go up prices will have to go up again , WRONG . Large corporations have profit margains they want to increase year over year for their Stock Holders , but when a company like Walley world , (you know who I mean) is showing 150 Million more in profits this year than last year it's only because of slave wages . Nation wide , when the cost of living goes up by 30% there is already room for wages to go up by at least 30% .
That Just stupid owner asked me to and the law in Illinois doesn't protect rental ... And I get Pay less then last year the economy went down .... That's a corruption of the state charge the owner of the building More tax . The owner unexplained everything
Property taxes, insurance, and higher interest rates are to blame. Higher cost of doing business gets passed down to customers unfortunately.
RENT CONTROL IN CHICAGO! GET IT DONE!
Brandon says best economy ever
No problems with the economy where I’m at. Home prices up. Jobs everywhere. Inflation down to 3%. It’s probably just where you are? Alabama? West Virginia? Iowa?
Too bad.
Maybe when Trump gets out of prison things will change for you. Fingers crossed!!
😮
@@DaveAnderson-ic6oo Are you in Florida or Tennessee, the two fastest growing States in the U.S.?
Half the time, the quality of service these apartments offer don’t even match how much they charge rent.
Nothing like paying high rent just to live in a WarZone
Rent control and tax control as well. Property taxes are ridiculous, why didn’t you bring that up?
This is terrible. Every time you get a raise it goes up. If it not the Gas company it’s the light company, or Taxes & rent.. Seniors really have it hard. It’s sad 😢
Cheaper than London!
The average rent in NYC is like 4000 dollars now and that's in the outer boroughs, not Manhattan... I wish we had those prices here.
Not in all Brooklyn I pay 1,207 near the coney island beach 2 bedrooms and 2 bathrooms new appliances and this is a subsidized new building
@@elizabethtejada2251 subsidized is the key. Most people don't live in subsidized housing.
@@krazyfan2000: most people in NYC are not paying $4,000 a month for rent.
@@eattherich9215 that's what the average rent is now. And remember this is market rate rent. Not the NYCHA or section 8. Try looking for an apartment right now and you'll see what I'm talking about. You might be able to rent a room in some nasty chopped up illegal apartment but if you want something legit it's crazy right now.
this is what happens when people see no problem in having a ridiculous amount of kids. too many people + not enough homes/ apartments= crazy price increase
1,385 is still not bad for a one bedroom apartment a one bedroom apartment in NYC would be more like 4000 dollars
I believe it's high taxes in the City of Chicago because everyone complains about the new developments, building higher/high-rises in their neighborhoods or area, preventing the city from generating more money from the increase in units. So since everyone votes against it to their alderman, they raise the taxes on your property/existing priorities, which is obviously in short supply, to make up for it. The City of Chicago is not just increasing taxes for no reason, they have to generate funds somehow. Building taller, new housing & new development is the best way to lower taxes.
They're building new developments every week in Phoenix, where I live, why do you think everyone is moving here. Also, job creation is booming here which in turn creates new housing. Warehouses are popping up everywhere. Chicago needs to get back it's warehousing roots, and in cities within close proximity to the city. Build more warehouses, attract more people which in turns builds more housing which invevibltly lowers taxes.
Just seeing this,My rent went beyond. I had to leave my own apartment. Imagine a single father 🤔Very Crazy
It's Illinois Crook County what do you expect,
Its because of the increases in property taxes the past couple of years.
And rent regulation will not phase national management companies and are unfair to small local landlords.
We need price controls
A lot of people have left Chicago. The taxes are choking people to death.
They need to add more than $20 for security. They need to add $1M a month
Wow $1385 for a 1bed I'd love to find that in S. Cali..maybe u could get a ROOM for that here
disgustin greed
This is ridiculous my rent go up every years and the government don't even care
"GREED"🤬
LL charging for Garbage collection? Never heard of it.
DOESN'T MATTER IF MINIMUM WAGE GOES UP BECAUSE TAXES KEEP GOING UP EVERY DAY AFTER THEY SAY THIS IS THE LAND OF THE FREE YOU GET TREATED LIKE AN ANIMAL
Unstable why???? For years 😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢
These cities are crying they need workers but they have no affordable housing to offer. One city is offering immigrants to come work in the city with a $15,000 offer to move there. Its just gotten so messed up.