National Rent Control? It's Closer Than You Think
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- Опубликовано: 16 окт 2024
- A historic wave of tenant organizing is on the verge of winning renter protections that would be attached to federal loans-affecting 1 in 4 apartments. But Greystar, Blackstone, and AvalonBay are spending millions to block it.
They're a part of a coalition of massive landlords, baks, and investors who are pooling resources to block rent control and renter protection policies.
One of the biggest landlord industry lobbying groups is called the National Multifamily Housing Council. That group has spent almost $10 million lobbying against rent control.
Despite this opposition, we're seeing one of the largest upticks in tenant organizing since the 1970s, as renters across the country face worsening housing crisis. Groups like KC Tenants are at the forefront of this movement, fighting to stop unfair rent hikes and corporate slumlords.
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We should ban corporations from owning housing property at all.
This, but the lawmakers also benefit from the same loopholes.
Correction. We should ban private property ownership, period. All government owned. No more 'houses are a commodity.'
Houses should be a human right.
@@KlokinatorI know you intend for this as a humanitarian effort, but entrusting that much power into a centralized government would be catastrophic. it would simply be too much power for a government, an amount of power and control they would CERTAINLY exploit.
Eh, that's not really a feasible or sensible solution.
@@liamout You have to consider the fact that under the current system, we are already being exploited. The idea that centralization would make it easier for people to exploit doesn't make much sense, as our current system already allows very small groups to extract the value of the rest very efficiently, as long as they control the capital. The only solution we have is organization, regardless of what form this organization comes in -- whether you want to label that "government" or not.
It's horrible! There's absolutely no way for hard working Americans to afford outrageous rent. When they become homeless, they're treated like criminals. They know exactly what they're doing. Politicians are invested in those companies and some own them.
Fiscal and monetary policy are to blame. Inflation is a hidden tax on everyone… and corporations and investors make money off of inflated assets pumped by Washington DC. Just imo
Rich gotta rich. Poor gotta serve (and suffer). Masters and slaves, baby. 💪😎✌️ It is what it is. Acceptance is key. If you ain't rich, you ain't sheet! 😂🤣😂
@@prancer1803 - Then why is almost all of the inflation being reflected by corporate profits?
This is greed, facilitated by high levels of market concentration and widespread violations of the anti-trust act.
Here's a crazy idea. Stop renting....
@@Novastar.SaberCombatHow about you stop bootlicking.
We have to stop using the term lobbying. The real term is BRIBERY
One of the rare, few comments I definitely agree with
I agree, its literaly legal bribery
Right...lobbying should be illegal....
Sounds like sumthin a BROKE BITCH would say. We love bribery in this house 😊
Except for that lobbying can also include other methods as well, like blackmail, or threats of violence against either the politician or their family. Bribery isn't the only method corporations use. They use whatever method would most effective for each politician.
I’m a plumber and I work primarily on new construction for apartments. And I’m always amazed to hear what each of the units will cost a month. It’s just ridiculous.
Those high prices keep you building houses though. Rent control would reduce the incentive to build new houses. The prices need to come down but rent control is the worst solution
@@mortsdans That’s a fair point. It’s definitely a complicated issue.
How many politicians (Democrats or Republicans) do we hear echoing our cry???
Yeah.. i love signs that say "1 Bedrooms Starting at $2,100!" how can a single parent whose a teacher, making $38k possibly afford that?!
and thats a 1 BEDROOM!!
The problem is people, the people that own property an raise the cost of rent at an impractical level, also they routinely vote against lower income unit programs that would provide some "affordable" housing. Asshole property owners and realtors keep prices high.
I had to buy the house I was renting because the owner was selling and it was cheaper than paying rent and moving somewhere else. This insanity has to stop.
at least you could buy the place, so many are not able to do that and just get forced into somewhere else with higher rent.
@@Isador911 Yeah, I was really fortunate. I know so many who aren't. We need to stick together and make the government understand that housing is a human right.
The reality is that the mortgage is almost always cheaper compared to renting it requires a much higher bar of entry in terms of finances. I think the biggest problem is people do not get enough education in terms of their finances and then as a result of that they suffer long-term
@@SilverKnightPCs If you're living somewhere for 5 years or less it's usually better to rent. A mortgage is cheaper but it's still tied to the biggest purchase people will likely ever make in their lives.
@@SilverKnightPCsNot anymore. The interest rate increases and high home prices have flipped the equation and the fat cats know it. There does need to be national rent control and ban junk fees like admin fee, valet trash service, pest fee, washer/dryer fee . For a $1600 mo 2/1 rental apartment, extra fees was $120 for total rent of $1720 month and renter still had to pay electric and cable. Greed is going to doom this country.
It’s wild how some people don’t understand that endless profit isn’t sustainable.
They understand; they just don't care.
@@PlazDreamweaver they actually don't. It comes with class consciousness and most people are not class conscious.
It's wild how most people don't understand that it's not about "endless profit" but rather get-rich-quick schemes. This is just a simple scam in which one or more people form a corporation, purchase real estate, increase monthly rents/leases, drive current tenants out, and then eventually sell the real estate at a profit to another corporation which redevelops it into an entirely different type of property.
@@TheSmark666
Name one
It's not about endless profit, 80% of landlords are private people who are being forced to raise rents do to ever increasing property taxes. If you want cheaper rent stop voting to raise property taxes for every government pet project.
The answer to this is simple, do not let corporations own residential property.
this
Who will build and own apartment complexes? That is residential (multi family) property
Corporations don’t as it is a tax inefficient structure to own real estate
Fannie Mae? Freddie Mac?
Get the government out of it.
@@scottmolnar4132 They do though - lilly stocks are design to buy land out and build stuff like this.
$1.3 billion?!?! Never thought I'd live to see the day where CEOs are making billions a year in salary.
It never should have been allowed
After 500M there is no reason to keep going. no person can spend that much in a lifetime, even if they give a million to each friend & family member
I just don't get it.
If billionaires make people poor, then why do the countries with the most billionaires have the highest standard of living?
@@mortsdansliving standards are relative, and they aren't a sole product of super genius billionaires bud. And if you can't afford rent working somewhere that makes billions, then that's simply ridiculous but you can continue telling us we're all crazy and stupid.
@@Redactedlllllllllllll Supporting rent control is like saying to splash a lot to scare away sharks lmao you're gonna get us all eaten by a housing shortage.
It's literally a well documented economic rule that price controls create shortages.
Imagine a day were your rent could be 15-25% of your income. Instead of 80-120%
We are regressing to Victorian Era wage conditions
25% would still be too high for low income individuals but otherwise yes a significant improvement.
Imagine a day when you moved to a location where you afford to rent. Wait, that would involve responsibility.
@@henrylubinski2728 while some companies (mostly California based) that are national will maintain the same pay when you move, others will offer lower wages. If you move and are not able to keep the same job, the job market generally isn't as good and the pay is lower where the cost of living is lower. I live at a RV campground near Dallas for $600 a month and while I could hitch up my travel trailer and move to a place that's $250 a month, there are no jobs in my sector.
The blame could be equally placed on millennials (including myself) and gen z because nobody builds starter homes anymore. There have even been news stories about people moving out of their houses into RVs, and in the town I live in, some places are now charging $700-800 a month for basically a parking space with sewer, water, electric, internet, and trashcans.
@@henrylubinski2728 brother people are fucking dying and you're calling them lazy and irresponsible? I know people who make 6 figures and can't afford housing where their livelihood is... in a cheaper area than they'd have to move to to make the same amount.
When a 1 bedroom apartment is $1800, meaning you have to make at least $72,000 to qualify for the 40x rule that most landlords require, you know things are going WELL
And they will limit the amount of people who will be living with you
There's a 415 sq ft one-bedroom near me that costs $2800, and that's the cheaper option! Incredible, really.
I got me an acre of farm land and put a trailer on it for less than $5,000.
@thesavagewombat6867 how long is your commute?
The 40x rule isn’t the normal rule across the country, nearly everywhere its 3x rent
My rent went from $687 in 2013 for a two bedroom townhome to $1,216 for the "same" unit today. I put same in air quotes because we used to have proper maintenance, lawn care, garages and community buildings, all of which have disappeared in the same period our rent has nearly doubled.
Actually cheap affordable rent in 2013. 687 was very cheap and 1216 is cheap for that size in 2023. Is the location safe? What's the landlord cost he may have reduce rent to get long term tenant benefits I bet your land is not making no more that 200 a month off your rental payments
If he has a mortgage on property
Interest alone is expensive on mortgage
@@keithwisdom1663 I'm not going to say you're right or wrong, but your answer ignores the highly variable markets in different localities and local wages. It's ridiculously expensive for my region.
My landlord, a multinational corporation based overseas but majority owned by Blackrock Financial, is mentioned in this video by name as the company that paid their CEO $1.3 billion dollars last year. They also recently made my local news when it was revealed that approximately 80 of the 600+ units in my complex were being rented out in spite of being condemned, and my landlords technically lost their license in 2017 to continue operations.
This isn't to excuse other landlords, all landlords are immoral by the very nature of ticket scalping the housing market, but it is to say that your comment is entirely devoid of any relevant connection to my OP.
@@reverendblindThey’re also completely ignoring the fact that all cost of living, including utilities and groceries have gone up while wages remain stagnant. You get squeezed regardless 🤷🏿♀️
@@kneeco.6029 All absolutely true. And even IF my landlord WAS a small landlord only making $200 a month off my back, that's still a problem. If everyone with wealth and privilege buys an extra property and makes $200 a month renting it out, that's $200 extra in the hands of people who don't need it, $200 less in the hands of people who do, and one less home on the market for people to purchase which drives up costs and prevents people with less means from establishing themselves with home equity. Landlords should be 100% illegal, they offer nothing to society and only make matters worse.
@@kneeco.6029exactly, all of th money goes to the top…..so even with all that profit they made over these years the workers get screwed 😂
I live in NYC and it has gotten absolutely ridiculous. The greed is out of control. Something really needs to be done now.
Maybe yall should stop protecting brownstones and have a land value tax rather than property
Yes homelessness is so sad that's why they have low income housing
So, are you suggesting that people have a right to live in NYC and that supply and demand should not be allowed to determine rental prices?
What, exactly, 'should' be done?
Y’all refuse to protest aggressively and depend on politicians to fix the issue. That’s why it’ll never change because yalll refuse to start war
More houses? How about building more houses?
Cause historically. Every time housing prices increased people built more homes. What’s changed? The profitability is there? Who’s stopping new houses?
End HOA corruption, negligence, and non-accountability, too.
Hoa,Insurance and Taxes have doubled
HOAs are typically composed of, elected by and run by the interests of the residents collectively.
@@OLDMANTEA but there is a hierarchy in ownership. I own a condo in an HOA that I live in, and there are other people in the HOA that own multiple condos and rent them out and do not live on the premises. Wild guess who the HOA listens to more.
@@JeffreyGillespie do homeowners vote on major decisions regarding the condo?
UNIONS WORK. LET'S TAKE THIS COUNTRY BACK FROM THE BILLIONAIRES 😤😤😤
And give that same money in dues back to those Billionaires. Yup. Makes sense.
@@KeiPyn24That’s not how it works at all lmao, yeah you pay dues but you make way more and have way more protections, and unions aren’t nearly as powerful as the rich business owners
@@KeiPyn24 hope you heal from your misery soon.
Is that why not even 10% of the American workforce is unionized? Because Americans unions have cared so much about anyone but union workers?? Sorry guys, it is going to be a tough sell to the fellow workers that the American Unions who have never done a single solitary thing of substance to try to help organize all American workers are now here to supposedly save them. Kind of like all of the supposed "liberals/left wing" people with money who mainly sat at home and drank wine during Occupy Wall Street.
@dirtydirtyshisno7284 follow the money. Your dues money goes to private billionaires and their D political allies.
Corporations should be banned from owning single family homes. Everywhere. Period.
Making a law to limit rent prices is also authoritarian
@@dianabenavides2913 what could possibly be more AUTHORITARIAN than supporting this system of buying up housing for the sole intention of becoming a parasite living off of others and making sure they themselves will never get ahead, because they're stuck doing the jobs *you* wouldn't want to do, you know things that actually contribute to society instead of just being a useless middleman scalping a basic need, but you can expect your tenants to do actual jobs, and you want to take the majority of their paychecks too, just because you jockeyed yourself into the position of owning something. Parasite.
@@Fiscally_Responsible_DMH52 so you support abusive landlords making it impossible for us working class to live comfortably.
@@Fiscally_Responsible_DMH52Putting a limit on rent prices is 100x worse than banning corps from buying residential property.
@@TheSerenation how is putting a limit worse?
Barring corporations from owning/purchasing singe family housing will substantially help the housing market
You are so right!!!! Spread the word!
Mortgages shouldn't be allowed for investment purposes. It's like buying stocks on unlimited margin. Only for the net increase in housing supply, for developers.
@@Rene-uz3ebthis is a free market system, if you want business to be regulated you should move to Russia, go kiss Putin @$$.
@@Rene-uz3ebExactly right !! There's so much corruption is the real estate investment industry. Laws that protected homeowners and renters need to be put back in place, like it was before 1980. Deregulation of corporations didn't make them more ethical, it just made corporate executives more wealthy. Neoliberalism caused all this, including the permanent housing shortage.😮
Too much government is the problem and your solution is even more government!
My landlord raised the rent $300 every 2 months. I had to move out of my county because everywhere had 1 bedrooms for $1800. I have 2 kids and was sleeping on the couch so my kids could have rooms. Its insane out there for rent. A few people making mad money on the backs of renters and forcing TONS of people to be homeless. Its violent AF.
regular people need to wake up and become violent as well. ala french revolution.
Is your lease month to month? If you’re on one year lease the landlord shouldn’t be able to increase the rent until the end of the lease
The landlord wanted you out
What dystopian country are you from where they are allowed to raise rent bimonthly? Romania or Africa?
And what hope for a future do your children have.
I love it when hard working citizens get together to fight a devastating issue! “WE ARE STRONGER TOGETHER”
The property tax, The property tax are too damm high!!!
🙄🥴 y'all banded together and created America, the democrat party and the public schools system 😂😅....💅🏾😑
@@lenaely6146 I love that we live in a world where schizo’s like you get to deliberately act as obstacles that destroy the lives of countless people trying their hardest to survive and help themselves and others. Love that. Love that for us.
Every time I see it I tear and I don’t ever cry and am not that sentimental. But it triggers me 😢
@@ChatBloom shut up thats not the problem. Stay in your lane bc housing talk is not it!
The true issue is that lobbying should be illegal, politicians need a salary cap, and all of their financial holdings are public property. They are public servants, servants should not be wealthier than their masters.
Lobbying is unconstitutional and was never legal in the first place. If this doesn't stop a rebellion will be necessary.
Correct me if I'm wrong, but isn't "lobbying" just a fancy word for bribery? I fail to see the distinction.
@@jacobw3652your not wrong. That's exactly what it is.
Masters? You were doing great till you went there. A “Masters” mentality doesn’t help anyone. Unless you’re talking about “Master-ing” something. 🤷♂️✌️
I think what they meant is its the govornments job to serve the people not the other way around.@@glennmurdock4490
I have a friend that is in her late 60's. Last year her community raised her rent by $700. I've seen others raised by $300-$400 just like that, and they were not living in luxury apartments.
Oh my gosh. This is horrible. Lord Jesus, please help us.
I’ve been there it was horrible we barely survived in that apartment now every apartment I think low income apartments are joke it’s killing us all
When I moved into my apartment 4-5 years ago my rent was $750… same exact place and now its $1150. Worst part is people tell me how great of a deal I’m getting
Yes!! I think people are so used to high rents, especially living near major cities they believe that type of rent is normal. $1800 for a 2 bedroom in Los Angeles where the building is 60 years old and no amenities is NOT a “great deal”. 😢
My rent for a 1 bedroom is a little over $1250, other places near me it's around $1500 or so for a 1 bedroom.
@@Bloom2Grow When the realistic alternatives are 2-3x that amount it objectively is. "Good deal" is at least somewhat relative to the prevailing market.
@@Tim85-y2q that is NOT a good deal. It’s absurd that people think this way. Maybe because we’ve been trained to? Rent should not be that high for a 2 bedroom apartment….not condo, townhome or house I’m talking about apartments.
@@Bloom2Grow I see what you're saying, but my point is that if there's no better deal available, then at the very least, it becomes a good deal in relative terms, which is what most people mean when they say things like that. That doesn't mean they don't wish it was even lower
If a corporate landlord gets federal money to finance properties why are they not held accountable for practices like that?
Ask Trump
All the lawyers and lobbyists that got them those sweet deals.
You know why... It's a capitalist scam
Ask the Democrats as well!
gxtxvxfxlxyxexrxsx.xcxoxmx , eliminate the x's and see who is responsible
One of the easiest and best solutions is to ban all corporations from owning houses. The only person can own a house is a normal every day person.
So then everyone will have to buy? Who will people rent from, if they don't want to own a home? Plenty of people rent because they want the flexibility of being able to move when they want. Or that they don't want to spend the money for the down payment, taxes, insurance, and maintenance.
You could just rent from an individual renter? Their are normal everyday people who own more then 1 property to rent out. Not everyone is in big business.
@@meepmeep8152 so... I'm an individual who owns rentals individually but I also do syndications, which is when a group of people form an company and buy an apartment. Whether someone is a small operation or a large corporation, rent still gets increased, because of taxes, insurance, and maintenance. Even with my own personal residence where I have a mortgage, my payment increases for the same reason. People vilified landlords, but plenty landlords genuinely care about their residents and are just doing the best they can.
Who will own the apartment buildings, most people don't have that kind of money?
That’s not a solution. Why don’t people take responsibility for their own housing. Why are people so infatuated with renting. I understand that some folks don’t have a choice, but most people that do have a choice decide to rent as opposed to buying a small house that they can afford. In many ways it’s entitled behavior to want a nice place to live but have someone else provide it for you at a cheap price. I know people that can afford to buy a house but they keep renting luxury apartments and complain. Buy what you can afford and be responsible for your own housing. The reason companies keep buying properties is because renters won’t buy houses. So the renters are creating the market. Who’s going to build the buildings for people if everybody wants to be a renter. In a thriving society everybody can’t be a recipient somebody has to produce. So if you’re unwilling to buy a house and fix it up for your family how can you complain about someone else doing it and renting it to you?
We all know that the government will say they side with tenants but they will support the money in the end and secretly not change any policies
The government caused the problem through inflation zoning and taxes to begin with they don't care. If you really want rent control they'd be happy to fuck it up even more for you
Well said. The government could give a bean !!!! They are taking in the cash !!!!
I believe this.
This needs to happen. Rent always goes up but the wages don’t.
You Bette r hope it doesn’t. If it does, there will way less rentals. Why would a business owner choose to be told how much money they’re allowed to make? If it does happen, property will be largely owned by govt or large corporations, who you think are the enemy, and you will be completely controlled. All your screaming will do nothing. This is their plan, eliminate the small business owners and no one owns anything
@dcg590 do you have a solution for increasing rental rates every year? Side note I'm not in favor of national rent control, but there must be other ways to tackle this.
@@dcg590 something needs to happen rent is outrageous. The landlords and employers have killed the middle class. This needs to be done. Also landlords lie about how many units they have available. This would decrease homelessness. No one should be homeless in the richest nation that ever existed
@@bigredog100 ban corporations from owning all the houses. If they were forced to sell, the market would be flooded, home prices will drop, assessments will drop and rent will follow. housing costs and rentals go hand in hand.
@@dcg590well then maybe apartments need to be taken out of the hands of capitalism entirely. Having a roof over your head needs to be a human right, and if houses are going to stay expensive then the alternative needs to be accessible to anyone.
The problem is, housing prices are high too for potential first time home buyers who are sick of paying rent. But rent is also too high for people to afford. Where are people supposed to live? This is why small homes and living in an RV are trending.
You will own nothing and be happy
I have lived in a travel trailer for the last 3 years near Dallas. My rent is $600 a month but one of my neighbors said some of the places he looked at in the area are now $700-800 a month, that's not including electric and most of the parks are full. California and Florida are easily over $1000 a month. People that travel often aren't too fond of people who live in the parks because they have trouble finding spots
@@TheRJRabbit23 You will own nothing and be homeless
You can live on the side walk or sleep on park benches if you like… or how about under the bridge
I heard it’s nice there at night 🌙
RV costs have risen by 35% because of the supply/demand. Most RV parks do not allow RV’s older than 10 years, and are also starting to make rules about long term parking. i know where I live, an RV spot is $1300/mo
The obvious greed aside, can we talk about how unsustainable it is to have such a large portion of the population on the brink of homelessness because shelter is too expensive?
We don't have a large portion of the population o. THe brink of homelessness.
@@johnlast6066yes, we do.
I’m so glad you get to still live with your parents, I wonder when you’ll move ou- oh wait
@@GeneralZapYour country is built on mass immigration, exiled Europeans literally fled their countries to America and committed genocide to Native Americans in the process. You don’t get to complain about mass immigration.
@@johnlast6066actually we do if you look at the data. In my state alone in the Midwest the average person makes only $1000 above the cost of living.
In my local area, at least $15.35 is needed to make any sort of living. Most are stuck below that margin to varying degrees, and it is only getting worse as workplaces leave since it is not profitable. For reference, 30% of the city was in some form of poverty.
The state wage is $7.25, set in 2008. Since then, there has been 41% inflation federally. That means the minimum wage is $4.25 in today's money.
Most places (but not all) have only adjusted for federal inflation, which would be $10.22. There has been no wage growth at all. This is despite the local cost of living being well beyond that at I believe $15.35 per Capita, and most in the area make BELOW that.
This is obviously really bad for the economy as it is keeping the average person to struggle with finances, and not be able to pay all their bills. That is unsustainable.
This is why the businesses are leaving, it is because people aren't making enough to bring in profit for them.
The way people are keeping up with it is by working multiple jobs, and that is bad TOO. In a working economy, a person should only have to work one full time job to get by.
Also having one person work two jobs is lowering the available amount of jobs substantially, leaving those who aren't lucky enough to have those to get poorer and widening the wage gap.
The government also needs to stop increasing property taxes every year.
Right
The endless profit raises value hence the higher tax so stop lying
The government can financially take care of non Americans in any shape, form nor fashion such as that Ukraine that have never never never had and still does not have decent leadership (Whites)
The government never helps Black and Brown countries such as Africa, Haiti, and Hawaii.
To put Haitians on the airplanes and immediately return them to Haiti, to give the Hawaiians a lousy five hundred dollars each after deliberately being prevented from leaving the fires of Maui, to deliberately show African children on social media eating only rice and beans is absolutely outrageous.
The developers give innocent and hard working people of many buildings on one Brooklyn block one year to move so that ridiculous high rentals can be built.
Too many American citizens are in shelters because of that.
New York must change the laws for border aliens to stop coming to take away everything from employment to housing to safe classroom environments.
The government.
The time is come for decent leadership.
The Davos Agenda Great Reset of the World Economic Forum is counting on using the strategy of raising taxes to the point where citizens are squeezed out of property ownership. It's corporate greed that intends to reduce us all to just slobs on the bus trying to make our way home.
@@robertborglund5783I can tell you don't own s***. There's not a lot of profit in rental properties.
Restrict these damn property corporations! They don’t care about the local economy or community. They most of the times only live to serve shareholders who have no ties to the property itself outside of profit.
I agree. Rent control is a bandaid on a stab wound
I live in Davenport IA where a building owner LITERALLY JUST KNOWINGLY KILLED TENANTS and do you want to bet some money that man will never spend a single day in jail??
One rent control in Germany that I find pretty clever is that they enacted rent control on all buildings. However any building build after the regulation, if it did meet building standards would be exempt for 10 years. This caused a massive boon in the construction of affordable housing since most landlords sold off their rental properties, often to the renters who already lived there and started to build new rental properties. Germany also strengthened their building codes to make sure those new buildings were durable and environmentally friendly.
Even the new buildings that weren't subject to rent control were still much lower than the previous rents because so many alternatives existed.
Of course! That's how a for profit system works.
@@MrMarinus18Europeans know how to do it right. Americans refuse to look at the European methods. America landlords want insane profits.
The likelihood that congress will do anything that doesn't benefit them personally is slim to none, and slim jist left town.
Yes
Most of them are landlord's also with multiple properties
Truth, man. Sustainable housing needs to be allowed. Different people have different needs. We shouldn't need to move so drastically around just to find what we need, let alone pay so much just to not own it.
The United States lacks housing choices. Also the definition of “luxury” apartments is basically adequate living living space.
Economics 101 would support your belief.
The "lack of supply" is absolute bullshit. I cannot speak for how renting goes in urban centers, but smaller towns it is a ZONING ISSUE. Across the nation many towns and cities have zoning ordinances which are specifically designed to deter the new building of apartment complexes and anything BUT single-family houses. Part of it are NIMBYs vigilant on local politics and ready to go to town hall meetings to prevent anything remotely looking like affordable housing in their towns. Even when people secure funding and want to build apartment complexes, it becomes a costly time-consuming slog to try and ensure they have proper zoning for it. And real estate developers aren't building new residential stuff, they haven't for years. During my 10-mile commute to and from work for 10 years I have seen four or five commercial developments go up, and the two developments I saw which LOOKED like apartment complexes turned into senior housing. Even in my own town I see a lot of "for sale" signs for houses for years, but the values are so high they aren't even remotely affordable to the average worker.
@@fynaglin9075how do you reconcile the fact that bad zoning leads to an inefficient growth of supply as well.
Correction: Sustainable housing needs to be _the law._
Agree with everything else you said 100%👍🏾
Rent is really getting ridiculous. American people are paying way too much for rent. We’re all going to wind up living with strangers in order to keep a roof over our heads. Either that we’re going to all wind up living in our cars or out on the streets. Part of the problem is that there is now a clause in rental applications that states that you must make 4x your rent in order to qualify for an apartment. This needs to stop. ❤️🖤❤️
When corporations control how much money you make and control how much your rent is and how much you pay for food and services you end up with the inequality we are facing today. It's going to take more than going to court because the corporations influence the laws as well.
It’s levels to this for sure. It’s a rigged game.
Keasha followed white feminist women before they followed the black man at the bondage. There are so many homeless black men who never had a lease who have to live under the thumb of Keasha. Your lease is based off of Keasha‘s feelings. There are no black men in this protest. It’s just feminist.
@tonychesssnutsss1404 who tf is keasha?
@@chrissycupcakes2448 I was wondering the same thing 🤣🤣🤣
@@Jinchuricki27
all these black American women are single moms never married with multiple kids by different men from different nationalities mostly Latino and black men. Keasha’s don’t take accountability for their bad decisions in life always playing the victim. Never creating generational wealth for their kids and expecting their children to be their retirement plan. Creating ghettos wherever there is a large amount of keasha’s. Keasha’s don’t like to pay bills, even though their rent is subsidize to their income. Keasha celebrate baby showers like it’s a wedding because they know they are not suitable for marriage. Keasha thinks in the moment no forward planning always having a get rich quick scheme that never works out. Keasha’s are bad with finances. Keasha’s don’t trust jealous of each other. This is why we will never see too many black America females owning a business together. keasha’s only come together to protest that benefit them. Black Lives Matter organizer is a crook who benefited. Keasha’s raise their sons to let their emotions control their actions.
Keasha smoke crack, cigarettes and alcohol while pregnant. I witnessed it. Keasha’s are very delusional about life. Keasha’s are very stubborn never emitting fault. Keasha’s are obsessed with social status and addicted to social media.
My place listed "housing demand" as a reason to raise my rent when i renew my lease, so you're doing it because you want more money, gotcha
I’m glad to see that using these more “favorable” terms doesn’t trick people.
The idea of raising rent for an existing tenant to "keep up with the market" is so ridiculous. As if the market has any bearing on a property that you already own.
@@mrbanana6464it's pure greed
More to the point, they were doing it because they could get more money, if not from you then from someone else.
@@mrbanana6464 Property owners pay PROPERTY TAXES every year on the buildings they own, (as well as income tax on the rent they charge). So the landlord is "renting from the state" and passing the extra expenses on to you.
Homes should be owned by families not greedy corporations.
Corporate greed is one but not the primary cause of high rents. Home prices doubled because the Federal Reserve Corporation and their partners in crime the US Government doubled the amount of dollars in circulation. If you remember everything doubled in price during that last 4 years because of this hidden tax. Where do you think all that stimulus money came from?
The investors rule of thumb is that investors have to get 1% of the purchase price in rent every month so causing the dollar to drop in value by half means that it now take twice as many dollars to by the same home. A $100,000 home was $1,000/month now it takes $200,000 to buy that home so rent needs to be $2,000 to be profitable.
Get a job build credit an stop crying
@@Biteme-t8z stimulus did not double our purchasing power though. Sounds like a weak excuse for greed.
@@stus2159he didn’t say it doubled your purchasing power. He said it doubles the amount of money needed to buy stuff, which means purchasing power is HALVED. So I don’t get what the point of your comment is.
@@BlackWolf207 just because more money is in circulation doesn't give everyone the right to double their prices. That was their decision not some naturally organic happening.
I’ve met people working full time that are living in shelters. This rent abuse needs to be addressed as soon as possible. Housing is a human right.
Housing is not a right
@@stoneneils you don't have a "right" to someone else's labor. That's slavery.
My country has a lot of issues but this isn't one of them. Inflation is the reason housing is not affordable. If you want to talk about human rights let's talk about that because I think inflation is a violation of our rights. It's the biggest reason people are struggling.
IDK what country you're in but I bet you are having the same issues
Cant address something when givt ifficials are bribed to stand with corps
@ mortsdans
Getting labor for your business isn’t a right either then. Labor isn’t free so if housing isn’t a right, then companies can have their business fail because labor isn’t something one is entitled to
Someone else has to labor for your house to be built and maintained, so it's not a human right.
Damn her crying at the end is powerful. Somebody who's been fighting for a long time, never winning, finally gets the support they need.
I've learned how lucky i was to have a landlord... Like an old fashioned landlord that lived in the complex. Opposed to a corperation.
Problem is when the old individuals sell it is often corporate entities buying the property as they can outbid any individual buyer for a home, apartment complex, mobile home park, etc.
@@jmcnally647 corporations always eat small businesses. Last year a family dinner closed and became a freaking burger king. The government sometimes subsidizes small businesses but no one likes landlords so only the copros survive now
Agree. Sadly they're disappearing because individual old fashion landlords don't have a deep pocket to compete with big corporate landlords.
@@jmcnally647this is apparently what happened to the building I’m at. The owner who was the old landlord Iives on the same block as the building. However i was told by other neighbors that due to his older age he let a management company take over with repairs handling rent finding tenants etc. when that happened that’s when rent began increasing every year n now it takes longer for maintenance
I'm a landlord of a duplex, and a couple of three families and I agree with these people that something needs to be done about these high rents. I keep my rents at a reasonable rate and my tenants never move and they are happy there. When they call for anything, I fix it immediately. I treat my tenants with respect and I get that back. These big corporations don't seem to give a shit about people. If you're smart, you'll rent from a private landlord not these big corporations!
Thank you for being a reasonable landlord. I don't think you'll regret it in the long run.
exactly i will only rent from private landlords which is what we are doing now. would never rent from a company.
Private landlords can be so much worse sometimes, but some can also be good. The problem is you never know.
God Bless you!
You're right they don't, and where I live, some of these corporations aren't even American and that makes dealing with them even worse.
Wow, finally we're starting to talk about rent control. Been trying to afford a 1 bedroom for 5 years now. Succeeded in getting my CDL and still I can't afford a 1 bedroom working 70 hrs a week. Now that ive become a trucker it baffles me that with all the vast amounts open space (like oceans of untouched land) we are not building outside of condensed and overcrowded cities. It feels like whatever groups that are pulling the strings want to pack us in areas so that we spend our money with local businesses to squeeze as much profit out of us in that area as possible to line the pockets of corporations who have invested interests in that area.
Not only that, but there's plenty of closed business buildings, and lots right inside each city,that can be turned into affordable housing. There's something wrong when even cops can't afford to own a home in the city they patrol. We have a permanent housing shortage in America. And THAT is what must be corrected, to bring all rents everywhere down,for good. Supply vs demand. Unfortunately, corporations oppose having lots of housing stock,as so their rotten political allies ! People must demand that housing be built nationwide. It was done once, in WW2, for all the men returning from the war. Housing went up,all over the place. There was the G.I.Bill, and free community college. Neoliberalism ended all that, virtually everything good about the middle class lifestyle. We need to bring back that lifestyle,and make it possible once again, for everyone to achieve that life !
Come to Tennessee. Not Nashville, come to the suburbs or out in the country . That's why so many have relocated here from blue states ...
@@cindycliburn716you really believe rent is only high in blue states,? W/e that means in this rigged political system. I grew up in Georgia and live in South carolina, and it's expensive here too.
Drive for Walmart their dc drivers start at 100k you’ll be home every night for most of those routes depending on where you live. 😊
@@ElinWinblad they req. 1 year driving experience. I plan on looking in on Walmart at that time ty.
Not mention even if you can afford the rent you sometimes have to pay 1st, and last months rent, a security deposit equal to one month of rent, and a brokers fee equal to one months rent. I’m moving into a studio for 1550 a month and it costs me over 6,000 just to sign the lease. Oh and don’t forget about the application fee!
Cost money to stay and cost money to move. Thats why I hate when people just say well why dont you move. I should not have to take out a loan just to move to a cheaper place to rent.
a brokers fee? did you have to use a... rental agent or something?
@@Dysiodesometimes you don't have an option in that. I wanted to switch apartments in my building and they told me I would have to pay a brokers fee. I said for what?! I live here. I found the apartment myself.
Don't forget rental insurance
basically like a mortage downpayment.
I personally know a few ppl here in California who work full-time and are forced to live in their vehicles because rent is SOOOO EXPENSIVE!! Unfortunately these ppl aren't usually even counted as part of our swelling homeless population. 😢
Interesting how you omitted that part where Democrats are overwhelmingly in control of those cities and states and yet day, after day, after day, the left pretends to actually care about any American with less than a million dollar net worth. It can't be because you want to keep pretending West Coast 1% Democrats aren't literally trying to force HOMELESS PEOPLE of their streets!! it's almost like most Americans put money before their stupid political ideology for a reason!!!
I've seen this myself as well. People coming from a car they obviously live in, and heading into thier jobsite. It's insane.
Lose my home, my plan is living IN MY VEHICLE at stealth locations, defecating in trashbags, and dumping the excrement on investor-apartment sidewalks. We all should!
If you ain't rich, you ain't sheet. 💪😎✌️ That's existence. Acceptance is key. Most humans are engineered to be slaves for the entire duration of their existence on the planet. Once you understand what you are, you either accept it... or quit. ☠️
@@Novastar.SaberCombatfuck that, I'd rather die out in the woods trying to survive like my ancestors than be a slave. Fuck serfdom.
Blackwell and friends should be taxed out of the markets. We need laws to forbid a too big concentration of multy property owners.
This 👏
Buy a house and your problems go away.
I know you're literally called @landlordnation but if folks are renting, what makes you think they could afford a mortgage or even find a desirable home in the first place, especially in a market with an affordable housing shortage? Are you greedy fucks so stuck up your own asses that you can't fathom having to raise rents only 3 measly percent? You just HAVE to raise rents and lower your tenant pool for that extra buck, huh? When a lot of landlords don't even do the required repairs asked of them by their tenants.
its called nationalizing real estate
@@sethseth9059 You don't want that.
I hope this gains momentum country wide in every city and state in the Union. People need to demand change. The greed of these corporatists is insatiable. They will not stop rent gouging unless they are forced to by legislation.
Hopefully not it will make things worse. Something like 80% of economists say it will create a housing shortage
Federal government must impose regulations on these corporate thieves. Vote progressive!
@@BluePatriotWinnerSorry to say but the real rental increases are because of the federal government, because landlords got wind of how much the federal government is paying for HUD housing. Section 8 pays exuberant amounts for their housing and regular landlords want a cut of the pie!!!!!😢😢😢😢
You also have to consider that Americans have been pushed into relying on these companies profits for our retirements with replacing our social security payments with 401k's. We were further enslaved with the government raiding social security funds to pay for pork projects and then told to invest in greedy corporations stocks because we couldn't rely on a social security payment to finance a viable retirement on. And the con was, since businesses 'match' a portion of our 401K contributions is 'free money' we don't think anything of it. Only it's not exactly free when you think about the tax credits BUSINESSES get for THEIR contribution and you pay taxes on any gains at a captial gain rate and not income rates. Most Americans can't understand complicated financial flows of money and that's exactly what government and business relied on to sell you into giving up more of your money.
@@MF-qf7bs
I agree. The 401K replaced the pension system which is essentially non existent now unless you have a strong unionized job.
I think as homeowners we need to come together and raise our voices too. My mortgage payment doubled due to property tax and property insurance going up. 😫
Exactly!
NO one thinks of the landlord
The property tax, The property tax are too damm high!!!
@@ChatBloom
And materials, labor
Ours went up to. They are just finding ways of increasing things.
There needs to be hard limits on how many rental properties that a parent company can own or an increasing tax scale per property to crush national landlords. Ine entity shouldn't be owning thousands of homes.
This.
how about fucking 0? there should be no such thing as rental companies. houses should be owned by humans.
@@ohiasdxfcghbljokasdjhnfvaw4ehryou got wealthy humans who can buy thousands of houses. Government should of addressed this from jump
Do you know who lives on the landlords land? Serfs.
Serfdom is a form of slavery.
No land lords, none, zilch, zero, zip. None should be allowed. Property cannont be allowed to be owned "in capital and title only" It simply cannot be permissible.
Each victory is a cause of celebration and a reason to push harder.
Yes! but I feel that they will always find a loophole or make laws that allows them to get whatever tf they want. It's maddening
What pisses me off about rent is that majority of my checks go towards a place I barely stay at.
Supply and demand.
If a town has 2000 people and 1500 homes, that means 500 people don't have a home and people will fight for it.
The price is just an indication that "its time to share space".
It doesn't matter how much of your paycheck you pay because at it's core we don't have enough homes for everyone.
Price control would raise market price for new renters because it would tell long term renters that they don't need to share.
If you want cheaper housing we need to either build more (need more people working in trades and less regulations like zoning) OR we need reduce immigration to lower demand.
Yep that’s right I work two jobs and I am only at my apartment 5 or 6 hours a day
@@Marc-gj9vxwe DO NOT need to build more! There are plenty of flats and houses that are built, it’s just:
1) They are staying empty as an investment by the rich
2) They are too expensive so you cannot afford it
That’s the issue!
Just buy a house
@@lightempresss that's just not true.
Check the vacancy rate in each city. Its a good measure to know if there is a shortage of units. We should have a vacancy rate of around 5% to have healthy rental supply. In Vancouver/Toronto its more close to 1% which means severe shortage
I was evicted by a private equity firm, I had paid my rent on time for over 13 years and kept the rules. I'm on SSA, am 70 years old and disabled. This is so unfair.
Did you find housing? If not search for a sober house in your area. They accept ppl on a fixed income (SSI or SSDI) or on disability.
@@MarcusBarrett-zi8od I'm living in a very tiny apartment and it's not made for elderly or disabled people. I'm not on SSI or SSDI, I'm on Survivors Benefits. I prefer moving out of the Fresno area, but that takes money. I've been here for over 52 years and didn't want to move here, but was only 18 years old and unemployed, so I had no other choice but to move with my family. I had a rocky marriage in 1979 to 1984, then my husband passed away and I've lived on either SSI or Survivors Benefits. Both family matters and other issues have proved prohibitive.
@@MarcusBarrett-zi8od btw, why would I need a "sober house?" I'm not an alcoholic or drug addict. I was kicked out of my old apartment by a private equity firm, as was everyone else who lived there. You assume a lot!!!!
@@diane1390 A sober house is not only for ppl who struggled with addiction in the past. A sober house can house a variety of ppl such as Vets, ppl who are disabled, and more. I own & operate a sober house for men. Most of the men are 50 plus and never had substance abuse issues. They are on fixed income. So I wasn’t assuming I was offering another solution to YOUR problem.
@@diane1390 A sober house i(group home, transitional housing) are for a variety of ppl. There plenty of Mom & Pop landlords who use their property for this purpose.
Ppl who are Vets or ppl who are disabled can live there.
People love to say how great this country is. This country is great for rich people not the Working Class
Go live in North Korea.
Everyone is working class. There are no rich people who don't work. This country is the best place to become wealthy, but most are not willing to do what is necessary. Change. Change your friends, stop watching tv, stop playing video games, read non-fiction books on wealth, business, real estate, investing, self-improvement. Do what wealthy people do and you will become one.
@@anthonydooley3616 everyone is not working class
@@anthonydooley3616 Exactly. People want to work 35 hours a week and make as much as the person who founded the company.
@@youtubesucks1499With the endless money printing from the Federal reserve, you are going to work endless for somebody else ( a slave) You don't get rich working for somebody else. Its time to go back to sound money / gold & silver. Everyday you being rob of purchasing power with every dollar in your pocket & the money you saved, it buys less & less.
My aunt had to move out of her apartment she is a nurse and a single mother of 3 kids. Her apartment complex raised her rent $600. Her rent went up to $2200 INSANITY! Even if you can afford a high rent you still have other expenses. Groceries , car insurance, electric have all been increased it’s unsustainable!
600?!! I can only dream of prices returning to that
@@TheFishSeabassHer rent raised *by* $600. It wasnt set *to* $600. Pay attention.
They did that to me too went from 1,500 to 1,900 now it's 3,200 2bd 2bath OK area but the complex was a shitshow we have the same problems the gates were broken homeless people were living inside a RVs they broke the front gate and it was completely open for probably over a year. we were unable to access any of the amenities that we were still supposed to be paying for ?! I said NOPE & moved out sad state of affairs..it's only going to get worse
@@rhipotter6191GA?
@@TheFishSeabassread it again
I had to talk about how my wife and I pay $1,700 a month for a three-bedroom home on over an acre.
That if we were to move and sell our home we would be making a tremendous financial mistake.
Rent is scary
Lucky I spend 1.5k on a 1 bedroom 400sqft
If my mother hadn't bought her house in the 80s I'd be homeless in Tampa. 2k + another 1k in "fees" (not counting utilities) to rent 300sq in Tampa now.
1700, DFW TX = a nice 1br apartment. 3br houses in Austin, in a decent neighborhood, $4800/month easily for rent
My mom bought our house in 2014, when housing prices were still super cheap where we live, for roughly $65,000. That was most likely the only time we'd ever see a house like ours being so cheap ever again, which is why I plan on just inheriting the house instead of trying to find a new one. What contributed to the cheap price was definitely the fact that, at the time, the neighborhood wasn't very good and had a lot of gang-related crime along with being a formerly red-lined neighborhood. It's a large 2-story house with 4 bedrooms, 2ish bathrooms, a small kitchen, a dining room, a living room, and a full basement sitting on a small/medium yard. It's also within walking distance of many points of interest including a park with a public pool, a grocery store, a very small park with a playground, and a farmer's market. Granted, the house is fairly old (for an American house), being built in 1903, and has many of the expected issues; fixing these issues will still be cheaper than buying (or even renting) a new house.
I’m paying 1700/mo for a two bedroom apartment without a washer/dryer. Makes me sick .
It's totally out of control. My rent increases every single year. $50 every year, and when something needs to be fixed, I call management. They ask me to leave if I feel unhappy.
This broke my heart . We need to stand together!! She is us, and we have her back!!
I remember my family renting a home in a poor area for $350 a month. Now it is $1000. We stopped living there in 93. We rented from 82 - 93 for that $350 a month. Since it was bought by a corporation in 05, the rent increased 5 times since and now costs $1000 a month. No improvements, no gentrification, and no hot housing market while people lived there. No improvements during occupation or after. No logical excuse. No one has lived there since 2012. I always keep an eye on the place out of nostalgia. The rent continued to be listed higher and higher even when no one was renting.
Darkseid's real villain origin story. The Anti-Life Equation is just compound interest applied to the prices of vital goods and services for maximum profits.
Mfw "supply and demand"
It's just awful that property holders are able to squat the place and not rent it (and then write the "lost" rent off on taxes). That said, with average inflation the $350 in 93 would be ~$750 today. That's nationally, but still, worth remembering that the value of money isn't fixed
Imagine growing up and upholding some job assigned to keep this status quo
@@Dante02000 "Nice weather, eh? How are the kids? Did you catch the game last night? This was fun, we should hangout sometime!"
This is what america needs to fight for. Greed has taken over.
It’s really weird how similar my last apartment complex was. Trash piled up and overflowed the dumpsters every other week. The gate was going to be fixed this week, every week that I lived there until it was turned on for a single day, turned off, and then we never heard about it again. Oh yea, the rent increased by $300 when we left. We were paying $1,600 the year we were there and we found it listed a month after we left for $1,900. Absolutely ridiculous and not sustainable.
There needs to be a renters strike against the large corporations
Exactly.
Yay! Who wants to destroy their credit rating?
Oh I've already started. I simply don't pay rent. I live out of my car in LA. Out here near the beach it's easy to fit in. I simply shower at the gym, use storage to keep possessions, and UPS box for address and mail. Obviously I have my subscriptions (Netflix, RUclips TV, and Spotify). I have 100gs of hotspot to watch on my 10.1 inch tablet. That's really all I need. My phone, gym membership, subscriptions, and gas would still be there regardless if I was renting or not. So my real cost of living is really like $300. On top of that I'm making almost six figures. I'm stacking roughly $1800 a month (includes retirement contributions).
If I wasn't overpaying on debt I would be stacking $2500+ a month. This doesn't include work bonuses or Army reserve mobilizations. That's an extra bonus. But this lifestyle allows me to max out my Roth IRA every year. Plus I can invest in individual stocks whenever good opportunities pop up. When I started my "van life" journey in 2015 I had barely $700 in my account. Today I'm almost at $200k (all accounts combined). And I still haven't fully recovered from the 2022 stock market decline. Not tooting my horn, but y'all can break y'all necks to pay that high ass rent if y'all want to. I refuse to pay rent. I'm not paying that shyt. Esp out here. I'd rather let my money compound over time. Only when I'm ready to buy in Vegas somewhere will I end my "van life" journey. But I like Van Life. 😂😂
Gonna get served some papers
@@kemptonbryan it's a good idea; but I much prefer a taxpayer strike against the politicians and bureaucrats
What makes me most upset about this situation is that people like this aren't asking for free housing, just affordable housing. They work hard and are willing to pay a reasonable amount for housing. Housing here sucks
Yeah there's been some audits and like 2/3 of the rent price is profit in most places, sometimes more.
It sucks everywhere, not only in US. The average salary in my city is $450, the average apartment is $750
very wrong. average apartment profit in the US is more like 9%. Put another way, if it is a 2000/month apt in some big city, owner only makes about 2000 a year. with those numbers and a $15 minimum wage owner would have to have about 15 units to equal the income of a minimum wage job. @@CameronKiesser
@@lightempresssthat’s dirt cheap we’re do you live ?
This made me feel good. All us normal folks need to come together and get this done
We ain’t doing shit
@@OrganizationXIIIthen let’s fix that.
@@TheCrazyCapMaster impossible!
@@OrganizationXIII it's only impossible if you do nothing.
I live in the middle of nowhere. The closest major cities are NYC and Philly, which are both about 2 hours away. Rent for a 1 bedroom out by me is $1800+. That's fucking absurd.
It’s unbelievable how houses in some places doubled and even tripled in just 2-3 years
Florida has been awful
And during a pandemic no less!!! It’s dysphoric and cruel.
@@hussainalqattan2542remember when you passed 15 minimum wage? Now sandwiches cost $12 and machines take your order. And rent is too damn high 😂
I live in Columbus Ohio for over 10yeara I was paying $545 for a two bedroom two bath apartment very nice neighbourhood ...got in on a promotion and it stayed that way. After that it shot up to $1200. Many companies and people are moving here and it's driving costs up. ..wages are not increasing as well. That's expensive for is ohioans unlike other states.
@@floridaman6982 15 minimum wage isn’t even the national standard, and it has nothing to do with inflating economy that seeks to drive profit rather than sustain itself
I live in Spain, where Blackstone has bought many properties and is pushing rents higher each year! It’s a worldwide problem! Following this movement! You move mountains!
blackstone even sounds evil like they all have blackened stones for their hearts. I hope blackstone collapses and dies an agonizing death and that no one picks up the mantle of evil from them.
Wait, they're in Spain too?!
@@HagiaFantasiaBlack Rock and V-gaurd are global and are a cancer
Spain is actually, in a good spot right now. Your real estate is more affordable than in the states.
@@HagiaFantasia Evil corporations are globalised in the 21st Century. They will own houses in Atlanta, Apartments in Paris and Flats in London. It's a dangerous new world they are creating. Historically greedy land barons could only crush the peasants on their own land in their own valley in 1 country. Now they can be land owners on 4 different continents at the same time. It will ineveitably lead to revolution of some kind, as it has always done, from medieval times onwards.
As a small landlord of 4 multi families I feel for these people and I'm angry at these big corporations like Blackrock who are taking advantage of them. I keep my rents low. My three-bedroom apartments are $1200 a month and that's with an increase last year after years of no increases. Three bedrooms in my area are over $2000 a month but there is no way in hell I would charge a working family that. I would feel like I'm stealing! Support the small mom and Pop landlords because we care about you!
The problem isn't that most landlords are evil. The problem is that landlords exist at all
@@havenbastion and so what do you want? Do you want the government to own everything? If you think you have it bad with small landlords, wait until you see what it's like renting from large corporations. They have no heart. And they will raise your rent without batting an eye
@@ImThePronounPolice Yes. It's the government's legitimate job to manage any necessary resource that is scare. Not this government. This government isn't legitimate.
@@havenbastionIf this ever happens you’ll be wishing for mom and pop landlords again.
@@havenbastion name one thing that the government does that is actually successful
My next birthday will be 70. I am disabled and SSA is my only income. I was evicted so the landlord could raise the rent beyond my ability to pay. For 2 years I have had to hop from one motel to another. Now the same thing is happening to my 43 year old, 'employed' daughter and grand daughter.
What people need to realize is that...if you rent...YOU ARE NOT SAFE!
It's true. If you rent, you are a refugee in your own country! Shame on the USA!
It’s hard being the bread winner for my landlords family
Buy your own house
What a stupid comment!
Buy your own place and see how fun it is to have to pay all the bills.
@@AzElenee
ALL the bills !!!!!
@@AzElenee
That’s why you make a renter pay your bills for you. Duh
We absolutely need renter protection in this country! Nobody sld be working 2 & 3 jobs to pay rent
Agreed
Ain't nobody working 2 & 3 jobs to pay property taxes
@@ChatBloom says the renter who has no idea how much their landlord pays.
@@imnitguy their landlord is probably an asshole
@@imnitguyneed some salt on those boots you’ve been licking ?
These high rent prices make it nearly impossible for low income people to save to buy a house. I really feel for people in this situation. My family of four lived in a one bedroom moldy trailer for about seven years in order to save for a down payment. Even after seven years of saving we were still continuously denied for a home loan. The only reason we caught a lucky break is that a close family friend decided to sell us his double wide manufactured home on owner contract. It should not be this difficult for people to merely have a roof over their heads! I’m praying that these people win this fight 🙏
Well you’re in for a rude awakening, because literally everywhere rent control has been tried it has failed. When you eliminate the incentive to produce new housing and maintain existing housing, guess what you’re going to get less of? Housing. The results are very predictable, yet fully grown adults who were raised by single mothers and the government school indoctrination camps still believe that the government is Santa Claus. Ridiculous.
"These high rent prices make it nearly impossible for low income people to save to buy a house"
That's the whole point. To keep people poor. Prevent them from saving. Don't let them own anything. Always one paycheck away from living on the street. People like that can't afford focus on anything except working and earning money so they can eat
@@DirtyKnickers No, if you make a low wage it’s because your productivity is low. The sectors most known for low wages - things like fast food and low end retail - are in fact hyper-competitive, so employers can’t afford to either underpay or overpay workers; the prevailing wage rate almost exactly equals the hourly productivity rate, as margins in these businesses are so paper thin. Increase your skills and make yourself more valuable to employers, and you’ll earn more money.
If, on the other hand, you’re poor because you’re paying $3000 a month for a roach motel studio apartment in a Democrat shithole city like most of you leftist NPCs do, that’s also on you. Nobody is forcing you to live in NYC or San Francisco or Austin. Stop trying to be popular and trendy, and take your ass to Dallas or Atlanta or Kansas City, where you make almost the same income but the cost of living is half or less of the aforementioned human feces encrusted, crime-infested, high cost Democrat shitholes.
There is no conspiracy, it’s just simple economics - which, as even a famous communist once correctly said, is a subject which does not greatly respect one’s wishes.
They don’t want you to save for a house that’s the point. Keep giving them stable income sacrificing your salary
@@DirtyKnickers we were thinking the same thing lmao
What blows me away about lobbying, is how little money it takes to pay off politicians, versus the billions these businesses and industries get in returns from purchased legislation.
there's a reason they're called the second oldest profession.
And cities like Los Angeles are given billions of dollars, to " end homelessness" by ( pretending) to build affordable housing. You'd be amazed at the money thrown at this horror, which has been stolen and diverted by corrupt politicians !! They need to be exposed and audited . They work hand- and- glove with shelters, agencies, and the police to keep homeless people permanently homeless, until they die. Now it's over 2,000 people a year,who are found dead, from living outside. Normal countries don't have large populations of homeless citizens !! You can help to reverse this crisis, by lobbying for affordable housing, in your local City Council meetings. Demand that they allow affordable housing to be built, and every city has unused land and buildings that could be turned into housing. Something else to consider, is the conversion of apartments into condos and townhomes. So many apartments have been lost this way. And there's lots of other,evil loopholes like Costa- Hawkins Act, which caused more housing supply to dry up, as corporations , developers became super- rich.
It's supply and demand - when your taking bribes several times a day you can afford to be cheap.
Greed is the only reason.
That's awfully simplistic. I could name many other reasons.
@@GodOfPieWorld Every other reason you mention will simply be a reason that allows the greed to take place.
Well with the Fed increasing the interest rates all the time, it makes the mortgages higher per month for the landlord. Unless they already have the property paid off. If not, the landlords monthly costs go up higher because of the dang Federal Reserve raising interest rates. So the landlord raises the rent.
@@user-xg6yc8ho3wyou are wrong the cpi report shows housing and rent dramatically outpaced increase interest rates and tax increases the only answer is greed.
If greed was the only reason, they would raise rents by 50% per year. A big part of it is wages not growing. Another big part of it is supply. In the 1950’s, 2 working people could buy a house in cash or finance it for 10% of their income. Now 30-40% to cover housing is normal for everyone. There’s so much more at work you have no idea.
Great video . . . Btw, we shouldn't be fighting for freezes in rent hikes, we need to fight to lower rents!
Lower the rents, break up housing ownership monopolies, and implement rent control so people aren't shocked by sudden rent hikes. On the other side make sure home owners and landlords have protections so they are not shocked by increased property taxes or new code requirements.
And raise wages
The property tax, The property tax are too damm high!!!
and a free pony for everybody.
Tearing up. Unity is so powerful. This is the best of humanity - joining against adversity.
I applaud the blacks for being willing to fight back and speak out.
The rent needs to go down NOW
We all need to come together 🙌🏼before it gets a lot worse.
Landlords are the biggest leeches in society
Why don't you buy your own house then so you have somewhere to live and do your own repairs and mow your own lawn and clean your own damn house and stop spending $10 on a Starbucks
No, that title belongs to public school teachers and their corrupt union.
Wrong. Politicians are the worst leeches in world.
Buy your own house
@@zhaw4821 Get a real job
My last landlord raised my rent from $600 to $1600. Almost all of us who lived in those apartments were forced to move.
In my new place im scared to even renew my lease bc im afraid my rent will get raised if i do. So im currently living month to month which offers way less protection and they could still raise my rent anytime.
We shouldn’t have to live in constant fear of losing our home. Its sick and wrong.
Maybe you should of thought about that before voting for inflation.
@@johnlast6066 nobody voted for inflation dude. 🙄
@@angelicarcturianmessagesan2830
And you are doing it again.
@@angelicarcturianmessagesan2830you did if you voted for Biden.
@@thesugardaddy7037 thats a stupid and immature thing to say. This post is not about politics. Take that bs somewhere else. You clearly are blind to the two headed snake. NONE of those politicians are good people. Youre just a cog in the wheel my dude if you are choosing sides as if one is good and the other bad. THEY ARE ALL EVIL. wake tf up.
Let's not forget higher property tax property insurance and people need to be accountable for trashing the place
Still these companies are taking advantage of the people. That's why especially older retired people who made adverage to way below but not enough for these people to get help from government?? Be wise and state all reasons not just what these people want us to think
Besides o am sure it's way under even 10 percent of people who distroy property. Maybe it's more that thrsr companies do not do what they are supposed to do and fix problems. Just being honest. The whole picture!!!
Raising rent for poor people year over year all while pulling down $1.2 BILLION per year for himself... I hope he understands that when the revolution comes, he's going to be one of the ones going to the guillotine.
There will be no revolution. Americans are too lazy,afraid, complacent, and oblivious to do anything.
you missed it... 1.3 billion. not 1.2.
Who is the "he" you are talking about?
@@debra1363blackstone ceo
We already have National Rent Control... the Corporations set it up after they were bailed out in 2008... which they also caused... the housing market crashed hard by their hand, people lost their homes, home prices skyrocketed all while a majority of Americans couldn't afford to purchase a home. So after our idiotic federal gov bailed out the culprits of the crash those culprits went in and started buying up homes on the cheap because they had been foreclosed on, they then turned those into rental homes and because renting a home is different than renting an apartment they are not bound by the same apartment rental laws (like basic upkeep and sometimes even major upkeep.)
Here in Tucson, AZ there were about 300 new homes built in the South East, 70% of them were purchased by corporations and are now rental homes... John Oliver did an exceptional piece on the cost of rent several years ago, and every issue he pointed out has only compounded since then.
Also... Good luck getting anything but a local city gov to do anything to try and help, state gov are now as dependent on massive corporate donations as any federal position.
I am so happy to hear someone mention that this happened right after and due to the 2008 crash.
I live in CA.. and watched as people lost their jobs, then their homes, and had to rent apartments... Exploding rent prices and the very people who caused the crash get bailed out and buy up property cheap... And it gets worse.. They bailed out the wrong damn people! Should have bailed out the People so they could pay their mortgages and keep the banks afloat...
We organized a tenants union when our low-income senior complex suddenly decided to raise our rent more than 50% in 2019. Leaving us with nothing for any other life expense and nowhere affordable to go ...but the street. We sued and actually won for the tenants there in 2019, but now the rent for new tenants is insane and goes up more every couple of months. It truly is insanity and corporations should not be able to own housing... Especially when they do so to keep it off the market in order to inflate prices in the rental market. Makes me so angry. I'm glad to see that The People are rising up all over the county... a few of us here at my complex are still working to try and force the government to actually create laws that actually have teeth and protect tenants.
Oh, by the way, we sued our City Council, The Housing Authority (local branch of HUD) and our landlords. Had lots of help from local civil rights groups, tenant rights groups and ACCE and an Affordable housing lawyer who took our case, partly to set precedent for future cases.
You know it's not corporate donation they dependent on, but land tax right? Home owners are just renting the land from the state government.
Living in an apartment should not be so crazy expensive to live in. I hope they will win.
Honestly, a big thing would be blocking companies (especially foreign ones) from buying up residential property and driving up cost in mass. Also, lowering all the crazy red tape (permits zoning etc) thereby lowering cost and complexity of BUILDING a home. Recently, there have even been lots of scams involving lots of land, unlawful sales.... so much needs work. This "rent control" is a band-aid fix to a MUCH larger overall problem. Making more housing available and stopping hostile buyouts and price fixing would help solve a lot of this
I get so angry thinking about how much money these greedy corporations are stealing. Its downright criminal at this point.
It's not a corporate problem it more like a people problem if you wouldn't pay for it it wouldn't be so high also I own a incorporated business it comes down to how much people want to spend if it was cheap people wouldn't buy it
@@steveramirez7395 People NEED housing.. at the cost of nearly everything else.
It's the big investment firms that own these houses that are the real criminals.
@@botezsimp5808 Then find a cheaper place.....
Cheaper places are far and few between. Not to mention, it might be cheap for a reason like bad neighborhood etc
@@TheSunreaper people are so ignorant..
It's not just in the USA, here in Canada its the same thing, every year my rent goes up 10% but Ive NEVER got a 10% raise in my life
As a contractor I've walked away from several homeowners who wanted illegal basement apartments to triple their mortgage.
There is simply no housing that not 1 million to buy, yet our Gov just gave 15 billion to foreign corporations.
The people are being robbed by a cabal of international leaders.
That addition can actually add to housing supply
@@deowahju I don't think anyone WANTS to rent, not for full time living, no such thing as a “starter home” anymore, not here anyway…
There is an apartment complex where I live in Arkansas that I used to rent from. My rent for a one bedroom was $545 for a 650 sq ft unit. Most units were filled with multi year tenants. The next year after I moved to a new state, the same complex sold to a corporate housing management company. They evicted half the tenants, slapped a fresh coat of paint on everything, and DOUBLED the rents. My unit now rents for over $1,000 per month, they have only half occupancy, less work to do, and they still make more money than they did at lower rents at full occupancy. Meanwhile, most people can’t get approved for a home loan because they are in competition with the same housing corps that are buying up all the apartments.
This has happened everywhere. It’s inflation. Taxes, materials, interest rates and labor all went up for property owners as well. By 40% since 2021. The government has to stop printing and giving away money.
Yup. You described the situation perfectly with your description. Happening not just in the US but all over the world. Is it unreasonable to think corporations are evil... I think not. We need to be loud about this!
I'm very glad to have run across this video so I know The People are getting louder about it all the time!
I'm in Arkansas where is this.. I'm in a camper that's not fit to live in.. because I can't afford anything either.. it's keeps up I'll be on the streets at 57.. i get SSI and SSDI and widows pension.. they don't give me crap
my new landlord harassed me, raised my rent three times in one year, bought the house and kicked out me and my children but the men in the other apartments were allowed to stay. No one would rent to me because I’m in my 50s with children even tho I owe no money and have no record. I was forced to live in the woods while my teenage children couch surfed with friends. That landlord is from Iraq and is full of hate. The future of this country is terrifying.
Single mother of 1, I am a Special educator, I got Evicted this past school year. NO ONE knew except my principal. I pray there’s a renter strike. It’s absolutely sickening to pay $1600 for a 1 bed(my kiddo sleeps in my room). I live in Houston and don’t want to live in the hood. Suburban prices are worse
Keasha followed white feminist women before they followed the black man at the bondage. There are so many homeless black men who never had a lease who have to live under the thumb of Keasha. Your lease is based off of Keasha‘s feelings. There are no black men in this protest. It’s just feminist.
Why did you reproduce knowing you was poor?
@@tonychesssnutsss1404 What is stopping you or any other BM from getting an apartment?
@@lenaprice6239 money! they only help women it’s do right discrimination. There is only one black American man under 55 in this video and he’s living out his car because he can’t afford rent all. I know of many black men who are employed but can not afford the market rent. Nobody cares about men issues and pain especially black American men issues
@@tonychesssnutsss1404soo you’re blaming BW?
In Canada, we need to step on this topic.
Who remembers the 70's and 80's when "burn your landlord before he burns you" was our slogan.
Are we destined to repeat ourselves into extinction?
We will continue repeating this cycle until housing is no longer a commodity. The current system pits people vs capital just like the rest of our economy. We may get rent control or some other temporary victory, but the war will not end until we eliminate the battlefield itself - the housing market.
That's a great slogan. 👍
Eat the Rich and use the Landlord's as Coal to cook them
I'm from Canada and never heard of it.
If you ain't rich, you ain't sheet. That's existence on this planet. Simple facts.
Any Property Manager or Slumlord Parent Company who uses a Tenant complaining about Garbage piling up as a reason to Evict or threaten someone is so utterly evil and disgusting !
Please come to Colorado. I've been homeless for going on 14 years. The police criminalize you and judges are assholes and have no compassion or empathy and back ing the police. I got a DWAI for being hypothermic and trying to save my life while incidentally got in an automobile accident to further break me and demolish the pieces of my life i was trying to put back together... Oh and what perfect - just at the dawn of winter. It's outta control.
I was living out by the beach for 1300 a month and the corporation I was renting from took covid as the perfect opportunity to raise rent up to 1700 in just a few months and almost everyone was moving out or getting kicked out. They're now trying to sell that property because it's not as profitable as it once was. Shocker lol.
So BUY IT!
Crazy, I knew people that used to rent a whole big concrete house with 3 bedrooms, big living room, big bathroom, big kitchen, garage for 2 cars, concrete fences,and a whole massive yard with nice trees, for $500 in Vieques Puerto Rico
@@laurynaszilenas4705 I would if I could but I have to take care of my daughter. Financially, I'm no were close to being able to buy properly right now and I need to start some kind of business asap, because I've known for sometime now that working for others is getting me no where . It's just more obvious now that the situation has changed.
@@laurynaszilenas4705 no not worth it, egg it when its halloween and dont get caught
@chittibabu8090 here you have it my people, the comment ya be waiting to hear 💁♂️
Ruining innocent people's lives, and dare to talk about God and religions
Being a young man and not being able to move out is really sad, there's a population crisis and thinking of starting a family is out of the question when I can't even provide a place for them to live. I even did move out once and I came back to my parents with nothing saved.
I did the same. Made it 5ish years on my own. Then lost everything. Everything. Been back for a year. I’m hindsight if I were still in my own place I would be so stuck. Now, I’m going for a 2nd degree, able to save and pay debt. That’s good, sure. But should’ve never had to happen.
So let's jack demand for housing sky high by throwing the borders open
I was on my own for 4 years and also had to live with family again. Now I'm having a hard time deciding between getting an apartment or condo. Houses are normally $400K to $500K in my area now. It's a never ending path to a finish line that many of us will take forever to complete...
My narcissistic mother is kicking me out. I pay half her mortgage. Her dogs poop in my room and my sons laundry she doesn’t care. I complained she gave me a 30day. I was denied an apt due to 4yr old debt from a lease she and I were on. Her pets again damaged the carpet. I am moving in with a coworker…me and my son. Don’t feel bad…it’s horrible out here.
@CEDL4072 you used to be able to work 8 hours a day, 5 days a week and buy a home and raise a family on one income. Then in 1971 along comes the money printer to destroy everything. Inflate asset prices so the rich get richer, Inflate the prices of basic goods so working people have to struggle, by the time they save up for a down payment on a home, home prices went up again, and devalue the currency so wages haven't gone up in real terms since 1979. This mess was created by fiat currency and the money printer
In Orlando currently. I literally just had my first child on July 15. On July 19, I was served with an eviction notice because I was 2.5 weeks late on rent. My wife couldn't work as many hours the last two months because it was a standing, physically demanding job that couldn't accommodate her all that much, so she gave away most shifts - putting a strain on our income. So, I held back on paying rent unless I had the full amount, _literally_ because I knew those assholes would evict me, despite not even going a full month with a balance on my rent (yes, it was a 12 month lease, not month-to-month).
My daughter's very first, _first_ was getting evicted. I absolutely hate Florida, and I'm fed up with the US. I'm forced to uproot my life and live in Puerto Rico where my wife is from, because her family has bent over backwards to help us (the only reason we currently have a roof; family friends giving us temporary respite). My family just sends prayers (even _thoughts_ have been hit hard with in inflation) despite me being atheist 😑
My family has cast me to the side, because I know they look down on me for having a kid when I couldn't afford it. It's an American mentality I'm glad to be leaving behind, because it's toxic and causes one to feel isolated - especially when you become down on your luck.
I work as a canvasser in Atlanta and i knock on 350-400 doors a week. In addition to seeing the aftermath of evictions I meet people who tell me they havent had things like hot water or working outlets for 2 months, yet the landlord has upped the rent by $200. In one apartment building there was a spilled can of paint pooling in the stairwell. I take pictures of all of this and my Instagram has turned into a chronicle of Atlanta housing.
What is your insta, if you don't mind me asking?
@mariacobbwesley
It's time to make a stand! Noone should live this way. This is not human. This is cruelty! Human basic needs are being ignored.
Yup. We also do not have basic medicine for everyone in the USA. Millions of people can't afford health insurance.
Man you would not survive very well at any other point in human history, jokes aside wile there’s a pretty strong argument to be made regarding cost of living and economic productivity, one does not have the right to someone else’s labor.
@@allthenewsordeath5772 Spot on. also would not survive in many other places around the world. Just remember that people strive to immigrate to the US from other countries for a better way of life.
USA is devoid of universal healthcare and a broken education system at all levels. As if they'll do anything about housing either ever...
Also working for companies like centurylink they’re so greedy and overwork employees in call centers, I am sick of greedy corporations
Now do a video about the sky high rents and lack of affordable housing in Hudson County, NJ, and how landlords use "the law" to legally discriminate against low income tenants.
Go beg to the government to get onto a 5 year waiting list for public housing, local and state governments don't build it because it is a black hole.
Jersey bro! Weehawken is nucking futs right now, among other areas I'm sure. This area's issues are attributable to Veris Residential, the corporation buying out all the local landlords/prop management companies, not doing any improvements, cutting services/amenities, and jacking up the rent. Just wanted to commiserate and raise a toast to you if you're going through the same junk we went through recently.
The requirement to make 3x rent is actually a 3x rent with a 2x refund, to keep the poor out. if you have to have the money to get the place, even if you don't have to give it all to them, that's the cost of living there. Just like if you have to pay for time and attention to get something it isn't free.
@havenbastion multiple people's long term experience shows that making 3x the rent or mortgage is how you have a stable living situation.
@@havenbastion you don't understand what a *LIVING WAGE* is do you?
Use the google. The google is your friend. Look up what MIT says local living wages should be.
I work a well paying job at 30 years old and am forced to live with 2 other grown men in a tiny house in an overcrowded neighborhood because it is impossible to do anything otherwise. It is embarrassing and disheartening. Buying isn’t even close to being an option, let alone living in a situation where I can date and begin a family comfortably. 30 year old man helplessly relying on other men to make rent on a small single family home.
Yep. Birthrates aint going up in this current shit economy
It's to the point where you need a lawyer just to sign a rent lease because of all that unscrupulous nefarious activity that these scumbags landlords try to get away with
For real has anybody reading this done this? Curious about real world experiences, costs, and outcomes
Tell the tenants to stop trashing the rentals.
@@AzEleneegood argument 💪
@@AzElenee if the landlord gives respect, then 95% of the time they’ll get respect from the tenants. The ones who trash the place don’t get to stay at the end of the lease.
Tenets and sqatters have more rights than property owners.
I got emotional too, already with that chant in the end. I too believe that we will win. Because now we're in it together. Love and support to this organizing and community fellowship that's happening everywhere. Thanks for this video.
Yep, at this point I think this particular organization may be approaching “critical mass” where it can no longer fade away but will become entrenched in its regions for the long-term, hopefully expanding but definitely not losing ground.
I want someone to ask these landlords what happens when no one can afford to live in their properties.
They probably get a big tax break. I think that a good deal of corporations buying up housing is 2 things, keeping housing off the market to inflate prices and.. as a tax shelter...not just for them but for their investors... Oh dear! I bought into this property and no one is renting... I can take that loss off as a business expense. 😁
They thought of that already. They rigged the system.
They still will make money off of it. I heard that there are more homes than you can realize that are actually empty right now..... so even building new homes is not the answer. the thing is corporations have become so greedy and predatory, they dont care if everyone becomes a slave. you have to realize that some people are so psychopathic that they would rather the world burns, than they be deprived of their fine wine and fine food.
Tax write off, the property is still appreciating. There are other strategies than renting the property out. Short term rental, student housing rental, medium term rental, and long term rental. There are still plenty of traveling professionals that needs housing such as traveling nurse. I doubt that rent control will hurt much
The thing is there are a lot of people who can afford it. That's not mutually exclusive with the fact that a lot of other people are being priced out.
If the argument is "only supply will solve the demand crisis," COUNTER IT!!! I agree with the principle, but PROVE that this will actually solve the primary problem!
The idea of having rent controls preventing new housing is ludicrous. What new housing? The corporations are buying existing properties, not building new ones.
Oh they’re building new shit too, then they’re buying that up as well 🤣
It's nothing but condos in town and the houses are stupid expensive here. Unlivable.
Lol actually it's democrat regulation that is causing this issue. Home builders and company that rent houses and apartments are two different markets. Lol
@@pantherman8719
You voted for it.
@@johnlast6066 actually i didnt. But i know many people did without thinking.