I love how minimum wage increases have to be phased in to not "burden employers," but rents are allowed to double or triple overnight with zero regard for the burden on tenants.
Landlord want to move back to the house what is wrong with that? If he cant afford it he can find a new place. There are no law that said landlord cant raise rent to 8k.
@@um8440 you’re so out of touch. If this is happening all over the nation, where the hell do you expect people to go? This is why people resort to living in their cars, assuming they have one.
no the dif between being a shitty landlord and a good one. im a landlord myself and ive never raised the rent more then 100 bucks at the end of the lease and the only reason i raised it was to cover tax/insurance increase.
In 2018 our rent was $1,750. We've been here all these years. The owner is heaven sent, he just this month up the rent to $1,905. And it's still extremely cheap where we move for a 3 bedroom house. Homes here are going for $2,500. We live in California. He has been an amazing landlord, we are very grateful for him.
What about the 2 years of not collecting rent ? We’re there renters who didn’t pay rent also less then human ? Could have affected the owners just as much if not more then raising rent.
@@jmpayne333 If the renter had the money and didn't pay, yes they're less than human. But if they lost they're job, they're not. Couldn't renter's get money to cover unpaid rent? We were extremely fortunate to have jobs during the whole pandemic. Not one payment missed since we moved in, in 2018. Maybe that's why he didn't up it. But some people post everything as income. That doesn't make then less than human.
I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.
For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
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This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn't sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it's taken until the COVID housing boom for the prices to come back to those original amounts.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
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all through the eighties it was ALSO like that: most of my fellow employees were under water. the good thing was that jobs weren't disappearing, being contracted out, or other changes families had to REACT to to survive. eventually they caufght up as it was less to keep payinig the mortgage and not losing your credit rating. And THAT was in Canada.
Crash was in 2007-8 2004 was a good year to buy. Rent went up since then. Those that held their mortgage have paid 17 years of the 30 years. Housing prices rebounded by 2015. Your way off. I was homeless in 2007. 5 houses by 2016
This is BS.... I am a landlord with two rental houses in Las Vegas. I Have NOT raised the rent on my tenants thru the pandemic. Tenants take care of my investment by taking good care of my properties. That is awful during trying times for landlords to take advantage of people just trying to survive. I know I not the norm but that's just how I see things. Landlord's quit being so greedy. Stay Safe Everyone ❤
🛑STOP🛑 lying ...you like the rest of these greedy Las Vegas landlords have raised the tenants rent, that's why there's so many homeless here in Las Vegas
@stormie you are awesome. Im lucky our new landlords only went up $50. Not sure if its cuz they know we are good tenants (the mgmt company said we were one of the few that still pd our rent every month) or if they are just good people. Either way we are blessed to landlords like this. To those that talk about how bums had two years rent free…i was a case mgr and on one hand i agree with you but on the other hand i do not. Yes those that could save and pay should but on the other hand mgmt companies wont except partial and then what. I have had families struggling because they were out of work or one job wasnt enough and looking for another. Its bad to make judgement on situations you know nothing about. Everyone is not the same. Its not wrong to raise the rent just be human and have a heart. Cuz in the end not one person nor family will be able to pay the rents out here and multiple families will live in one unit which is a higher chance of your property being tore up.
If she wants her house back can't she just tell them we aren't renewing your lease. Seems raising the rent isn't about getting the house back. It's about GREED
You can’t simply kick out paying tenants even after the lease is over unless there’s applause clause to. In which case they didn’t have any. They wanted the home back but they have tenants inside that would’ve taken them to housing court and the judge would’ve ruled another lease agreement. The only thing they could’ve done is raise the rent to drive them out.
I wish they would also talk about corporations like Zillow buying up the houses, outbiding ordinary people who just want homes for their families, then hiking up the price to exorbitant amounts. They should also talk about hedge funds going into the landlord buildings, hiking up rents and evicting people.
Hud just as bad. Kern county I paid four hundred fifty dollars a month for two bedroom two bath very large yard, love it till owner sold it, still keen county has some places cheap, as long as you drive, one store in town, bus once a week.
All this property are under Chinese investors control and obviously don't care anything about eeuu citizens comfort obviously little by little destroying EEUU real estate bussines inflating houses prices
Talk about HUD and Blackwater giving the MONEY to these outfits using YOUR tax dollars. HUD granted several hundred million to ONE connected Trump guy and he b ought al lthrough the Mormon corridor for chump change with 0 percent money: YOUR money.
This is perfect example why people are opting to convert cargo trailers and vans to sleep in or truck campers and other vehicles. No way in hell would I pay $4000 rent for someone else property. He might as well go build a tiny house to live in.
In my opinion, this is one reason why people live in their vans, live with family or a friend or live in a tiny house because the rents are outrageous and people can't afford to pay apartment rents!! Everything is going up, food prices and medications. Smh, I feel more sorry for the seniors and disabled people who are living on a fixed income and can't afford the high apartment rents.
So this is because the elderly owner needs the house back because she needs to move in to it. Why didn't she just hand him a 30 or 60 day notice to terminate his tenancy? Problem solved.
That's what I was thinking. If she needs the house back, don't even offer to rent it at all. You can just simply give them plenty of notice to find something else, and then she has her house back.
Idk about Vegas, but in some cities, landlords are required to pay renters many thousands of dollars when they want to move back into their own property. It's like getting a divorce, the landlord has to "buy out" the tenants. Maybe this owner is trying to avoid that kind of a situation, by just "encouraging" tenants to "decide" to move elsewhere.
Because the tenant didn't want to move and in a lease agreement not a month to month tenancy you can't just give notice. The rent raise was made unreasonable just to get them out. It's a logistical move they didn't actually expect to recieve that amount. It's just easier to get them out by raising the rent to an untenable amount
I've been renting the house I live in here in San Jose California from 2010 to 2013 when the landlord who owned the house was about to go bankrupt had to liquidate the properties they owned. The landlord who was a very nice person told me that the house would be put up for sale 3 months ahead of their bankruptcy proceedings. They asked me if I were interested in buying the house outright and I pulled the trigger and said yes but the greedy realtors wanted to list it to get more money. I ended up winning and getting the house. The house prices at the time were really started to go up in California but the help of my former landlord and the military CalVet loan, I was able to get it at a price close to my budget.
Our caregiver's family in LA was just hit with a 1,000 request increase from a landlord she's had for 25 years. So she qualified for a mortgage (mom's income and mom's rental) and just moved into her own place (with mom) last weekend. Now the landlord (I don' know the guy) is going to have to come up with a renter for the premium amount. He'll be underwater real fast. I ThOUGHT the guy had deep pockets: his house, the previous rental house he's owned, plus the new house. Maybe not, but we're not going to be funding his bad decisions. his loss.
I don't believe for one second that the landlord wants to move back into her home. The property manager states the renter can stay as long as he pays the rent, which proves that this is about increasing the rent. Greed.
Yea, i guessing they are just copying everyone else to raise it so high as if the place is so big. because u add expense of water, trash and whatever else it just cost more for the place .
There is no good reason for rents to increase by 100% except for a system that allows homes to be bought up by investors and weak housing laws. How can you justify an elderly couple's rent increasing by 2,000 in a year. This is morally reprehensible.
Eviction moratoriums. Landlords are going to make up their loses, and build larger reserves in case of future moratoriums. The housing market is way up, so that means landlords can get the high rent. It’s merely a business for landlords, not a charity. Someone that is not a true investor doesn’t think like this, but it is all business to the landlord. People are free to move if they can’t deal with the increase. This is one of many reasons that buying is sooooo much better than renting. When you buy on a fixed rate, no one is raising your rent. Sure, their might be property tax increases, but you’ll pay them as a renter as well, as that property tax cost is built into the rent. And any improvement that the landlord does to the rental is a 100% write-off on his/her taxes.
People were saying this would happen during the moratoriums. Mom and pop landlords are considered “naturally occurring affordable housing” the moratoriums pushed “mom and pops” out of business. Corporate landlords came in and run like a business instead of “mom and pops” which are nice people renting out their starter home or something. This is basically the consequences of the moratoriums and tons of people warned about it because the “mom and pops” could not withstand years without pay, but corporate landlords easily could. This is basically a reap what you sow and totally foreseeable.
@@laraantipova389: the moratorium was to prevent evictions. Millions of renters DID NOT stop making payments and in normal times, there is always a percentage of bad tenants.
@@eattherich9215 you are correct that is not the only reason. It is part of the reason because lots of people were not paying and that forced lots of “mom and pop’s” out of business. It is undeniable that this was at least part of the reason for skyrocketing rents.
Why doesn't anyone state the obvious GREED is the real problem If the city wanted to fight back on this problem just raise the taxes 300% the homeowners would be livid. The average families are barely scraping by. It's evil and greedy!
My grandfather always warned me about how lousy landlords were going to turn people into bears. He had an apartment complex he built out over a thirty year timespan. Was always reasonable with his rents and treated his tenants with care. Never had any real issues and always had full occupancy.
Exactly; it goes both ways. Tenants need to respect their landlord and pay their rent on time, but conversely landlords need to respect their tenants and not exploit them.
@Paul Smith You're right, it was. In that time and area of California (mid 60s to early 2000s in rural Fresno county California) that's the way it was. Not everyone has the same experiences but I still think the basic premise is true. Treat your tenants with care and be grateful for them and they will generally be careful and straight with the landlord.
My roommates mother had a tenant that stopped paying for 6 months. Said she didn’t have money. But it turns out she did. Destroyed the place. Out 6 months rent. She was a great landlord and the price was lower than anything in the area. It’s not always lousy landlords.
@@fedupamerican296 This is probably true; it just becomes much more egregious when bad landlords are caught due to their status as property owners and thus are rightly held to a higher standard.
This is simply to get the rid of the tenant. I know landlords kinda got screwed with the pandemic, but still, that's no reason to increase the rent by that much.
I agree, they just want their property back, so just find some where else to move to. Instead of going up like that, just say I want my house back, I'm no longer renting.
They need to get rid of renting, and turn it into "owning." Even if you live in an "apartment," you should have equity to "own" that place or move up, signing a mortgage, not a lease or rental agreement. My last landlord doubled my rent, then evicted me, after living there and taking care of the place for eight years. Didn't even talk to me, just posted a notice on the door. Thirty days and I had no place to come home to. It's no wonder that people are homeless. 💙 T.E.N.
Wtf would anyone buy a house and rent it out if every renter got ownership? That’s a raw deal for any landlord. Rent would triple over night because of the added risk to the owner. It’s that simple.
I didn't say ownership, I said equity to own, which would increase the number of people who can buy a home instead of having so many people pay for nothing. The landlord gets their due, but anyone paying "rent" automatically qualifies for a home. The best example would be a friend of mine, who was already paying $1,450 a month for rent, but wasn't allowed to buy a house for $895 a month because of his credit rating. "Renting" as a "concept" is a bad thing, as everyone should own the place that they call home, which is an ideal that would take a total revamping of society and humanity as we know it and would be beyond the comprehension of most of the people that I know, especially the people that make their income from renting. It could be the subject of many papers, I'm sure, but it is hard to even imagine what society would be like if everybody owned their home, as current day values, morals, and thought processes would have to completely change for that to happen. Think world peace mixed with no wanting or need and no greed or avarice. It isn't right that many humans work hard and pay their whole lives, just to end up with nothing, but I doubt that we as humans can achieve a utopian society of everyone having a home without altering our complete way of thinking and living, so nobody would be buying a house to "rent" it out, and it isn't outlawing renting, because that "concept" wouldn't exist. 💙 T.E.N.
@@tracynation2820 wtf are you on? Your first statement said turn renting into owning. The rest of what you’ve written doesn’t make sense. Why would anyone build a house if they aren’t going to make money off of it. Millions would be homeless or living in shantys. I know I wouldn’t invest my hard earned money in real estate with no or little return on my investment.
Been at my complex for 4yrs now. My rent was $1350 just last year. When I reknewed my lease this year after the pandemic it went to $1800. For a 2 bd/2 bath apt. I’m moving next year to a different state. Vegas nor the complex has nothing more to offer to be charging $400 extra rent. A lot of my friends and coworkers are leaving Vegas soon as well. I’m from CA and these prices are damn near close to San a Diego prices but atleast CA has way more to offer. Beaches,Amusement Parks, Zoos,Museums, Carnivals, Parades etc. It’s ridiculous.
A lot of landlords use this to get the tenants to move. The owner wants to move back to her home, but in many states you can't just evict someone for that reason so she had to use what the law allows. I would have just told him I need the property back and given him around 4 months to find another. Most people understand that they are not the owners of the home and this is, and was, always a possibility
That's the case. In some other countries they have provisions that say that the owner can request to clear out with some notice to move in by themself.
Exactly! People also forget the abuse that landlords have endured from the federal government during the rent moratorium where they were not getting rent and were forced to allow non-paying tenants to stay in their property!
This practice is pretty well known in real estate. Landlords do this to make the tenant move out so he/she can sell the property. Prob trying to cash in before the market crashes.
@Bryan Smith Yes, but if you have a lease agreement, then you can't raise the rent until the contract is up. Once it's up, you can simply choose not to renew.
@Bryan Smith just like the landlord is trying to force the tenant to do they can find another place to live until his lease is up. And no you don’t get to change the rent price mid lease agreement just because you want to move back in. I hope he sues the landlord and wins. And the landlord looses all their money and looses their house. Then they’ll know what it’s like to treated like shit and price gouged. Being old and disabled doesn’t give anyone the right to be a complete asshole slumlord to people just because.
I talked with an Uber driver in Vegas last September when I was there. He said small apartments were $1000 before the pandemic and doubled after to $2000. I also noticed probably 80% of the staff at the casinos were gone after the pandemic. So what’s the reason rent doubled but the workforce of Vegas was annihilated
The democrats in the Congress created the CARES Act which included the moratorium on evictions as recommended by the CDC. Both the Congress and Senate passed it and Trump signed it into law. So ... there's plenty of blame to go around on all sides. Landlords should have been compensated. If an executive order had been signed ordering farmers to give away all the food they produced to the needy, wouldn't the public expect the farmers to be compensated. Otherwise, how do they survive.
be 44 years old, making 15 dollars an hour... rent in the area I'm at is well over 2k a month for 1 bd even in the bad parts of town... having to live with my mother at this age is embarrassing.
My rent recently went from $950 a month for a tiny one bedroom apartment to over $1700 a month with minimal notice from my leasing company. They're well known for being scummy as hell
rent being so absurd made me decide to buy. I was renting the same property for 4 years, my move was abrupt so it came as a shock just how scarce available places had become. I was just "over qualified" for many of them and under qualified in reference history. It was easier getting a loan than finding a decent place to rent. The few that responded had a multi month waiting period.
@@dbased1915 that's pretty much where I'm at right now. My parents have a home worth over 800k and their monthly mortgage is less than my rent. Yet after paying my monthly rent at the same place for over 3 years I somehow still don't qualify for house payments at almost half the cost? I don't even know what to do. I feel beyond trapped in my current situation and can't even afford more education to better my career/salary
I've bought a condo back in 1984, it's been paid off for 12 year's now, however, I get investors wanting to buy it even though I NEVER put it up for sale. It's CONSTANT!!! I tell them all I can't start paying rent at my old age, I don't make the money I use to like when I was young. They don't seem to get the message or even care if I wind up in the street & homeless.
I purchased a modest 100k condo in 2020 - weeks before pandemic closed city. Did 15k remodel. Get letters from private citizens and realtors who want to buy it - looks out on water as well. NO WAY. I put 65% down on 15 year mortg. I'm paying off in 3 years. 10 payments to go!!! My old apartment rent went up 600 / month in the 2 years I've owned this condo. I'm keeping it in the family as a safety net for loved ones. Totally agree with you - you can;t be paying rent in elderly yeas. NOT safe!! Loved your post.
Same I have a few houses and every single week I get multiple people trying to buy them. I just had one left yesterday. They rolled up a flyer and rubber banded it to my screen door.
Living in someone else’s property makes you vulnerable to situations like this. Corporations buying up residential properties and inflating prices is ruining the real estate market.
That's not true people with jobs are living in cars as well because the dang rents are too high people need to just try and buy their own house because this is outrageous. Most jobs do not pay enough to afford the unreasonable rates of rent.
@Michael McClelland Naw, as someone who moved from L.A. and has been living in Vegas for the last 2 years. I still go back and forth between Vegas & L.A. at least twice a month and Vegas doesn't compare when it comes to L.A.'s homeless situation. It's bad but not as bad.
@@triggatrevor1849 I'm from the *LBC* and I've been living in Las Vegas for close to 20 years, and I still have family living in SoCal, and I respectfully disagree with you
@Michael McClelland So when was the last time you were in L.A.? Not L.B. but L.A. Show me where in Vegas you have places that mirror Skid Row, McArthur Park and Echo Park prior to it's recent clean up?
How do they expect people to live? To get approved for a place you have to make 3 times the amount of what the rent is so if they're raising his rent to $6400...he has to make 3times of that amount in order to get approved!!! This is ridiculous....this landlord is being disgusting and evil....this is why soooo many people are homeless because they just give up.... there's no winning
well you don't have to make 3x the amount if you do you pay less of a deposit and if you don't you pay higher deposit usually double and usually pay slightly higher rent
That is so true and there are a lot of people that can't come up with the 3 time's the rent or have good credit, it was never like that when I rented. I look at it this way as long as they can afford to pay the rent what does it matter. I feel for the younger generations that's why I am going to make sure my kids have a place they can call their own when I'm gone
@@darlenesams3274 my husband as I added each of our kids to credit cards to help build their credit so that by the time they graduate they will have great credit. My 20year old is working and saving because our plan is to help her buy her own home ...so she will move out of our home into her own home. I don't want any of my kids leaving home unless they're financially stable to make it on their own. 💜
I’m so happy I don’t rent....I feel bad for so many who are being evicted. This is horrible. I work in home care and I’m worried bout one of my clients whose 70 years old and might be loosing her apartment cause landlord wants to sell the apartment building. Plus there’s a woman who lives above her who has cancer and caring for her two young grandkids.
@@rotanddekai7503 Some small landlords do have jobs, whether full-time or part-time. I know because I have a landlord who also has a job. As their real estate businesses start to take off, they wouldn't need a job anymore. That's the beauty of real estate.
@@sandrazollman550 you have no idea what someones plans and portfolio holds how dare you say something like that.....get your own assets if you don't like it.
These landlords are going to be ticked when they see all the homeless encampments in their front yard and the government does nothing. That’s what they get for being greedy.
@@crand20033 Who determines the going rate? Stop it, you can charge whatever you like and keep a good tenant for years, as opposed to charging something ridiculous and going threw the tenat search again. Greed is all that it is.
In South FL, my rent went from $1200 to almost $2700 a month during the beginning of renovations from New owners at an RV community!!! They lost over 200 tenants for their greed.
I’m sorry to hear that! My home state has become a piece of shit sadly to say! I grew up in North Miami, I left the state after my rent went from 1500 to 3800 per month!
I'm a landlord and what I don't understand is, if they want the house back for the elderly owner to live in, why don't they just give the tenant the proper notice to vacate? They even said they are raising the rent by a ridiculous amount bc they're trying to get the tenant out. The lease should have provisions for the owner taking back possession of their property. Then they wouldn't have to do these shady tactics like hiking the rent to an unpayable amount.
The video says what happened. The lease was up in Oct. These were the new terms for the next year. Eviction notice was issued. It is now May. Why is the squatter still there? If you dont have a lease and not paying rent, that's squatting. I did thousands of financial plans with people. There were those that really were squeezed and didnt know the state of their finances. Many, however, hated the fact that pointing out they were living beyond their means by using credit to meet their wants, was not sustainable. Cutting their want, and meeting their need, was often possible. But, they wanted THAT lifestyle so they went into debt to have it. What bills are being paid aside from rent? Want a clear picture? What's their priorities? What gets paid first? Why are high school grads moving out and finding a way to live when grown adults who have been out cant? How do HS grads earn the same amount as grown adults? Choices, choices, and choices.
Probably because it's Los Angeles, where Democrat policies likely make it very hard to get rid of tenants when you *need* to. Democrats love to side with parasites and criminals.
@@frpgplayer high school grads usually have or get about 3-4 roommates to split the rent while in college working, so the burden is split between 3-4 people. But when one person if paying the bill this when it becomes a burden, I understand what you tried to convey but that person probably can pay rent but why would they take there life savings to start paying a ridiculously amount in spiked rent.
@@frpgplayer lmao if my landlord did shady shit like that id squat too and when it finally cam time to move out id trash the fuckin place . Well deserved on the landlords part in my opinion .
Air BNB will drive rents up- they can get 300-400 per day from tourists plus cleaning deposits etc. This same thing happened to places like Malaga, Spain which was a huge tourist destination. So many people were renting homes and apartments that local residents could no longer afford to live in the city. Eventually they passed an ordinance restricting rentals to 50% of the year and required people to have a license and pay taxes on the rental income. This story about the blind lady sounds bogus- most likely that home is owned by an investor looking to maximize his profits.
I bet all in, That the owners of the home, will place the home up for sale as soon as the tenant leaves... The entire homeowner is blind story sounds like complete bullsht to me..
@@danielmankinde1706 My mom just sold her home of 19 years in Vegas for an amazing price, but the home is beautiful & well worth it. That home this tenant was living in is literally a small tract home with a .09 acre. Those neighborhoods were constructed for cheap 1200sq ft housing. It is always more profitable to rent these shoebox homes.
I wouldn't be surprised if the landlord being an old lady going blind being true...but is incapacitated and has unscrupulous children/grandchildren pulling the strings on her rental properties.
@@dcg590 I just read your page and comments you act like your shit don't stink 🦨, GTFOH lady your crazy and a racist with plenty of racist views, all anybody with a brain has to do is look at your comments to know who you are... F*** you *Do is all a favor and wash your mouth out with buckshot
@@ritacampbell3833 ..That's where your wrong. If the property owner wants their property, they shouldn't be forced to rent it out or lower it to a price suitable for the renter for decency & humanity. I'm sure someone wants the place you currently living at, you willing to give it up or rent it out so they (tenant) fill it's worth? II didn't think so🙄. Tenant needs to leave immediately. The landlord owner is elderly and needs the place according to the news clip. Also the tenant was behind during the eviction moratorium. He got alot of humanity/compassion during that time.
Mine went from $1800 to $2300 until finally they wanted $2800 for the renewal and I left. This is out of control and makes even less sense when new tenants can pay less than a stablished one.
My lease is ending on Nov and I just received the lease renewal offer. So I’m currently paying $1399 a month for rent only, not including utilities. They’re offering me $1426 a month to renew for another year or $7417 for the month to month option. Ridiculous! I thought it was a typo, but apparently not! What a shit show!
This is always the risk of being a renter: you're at the proverbial mercy of the landlord who is allowed to charge what they want. Lesson to all the young ones: study hard, work hard, save your money, and buy your own house so you don't have to experience this...
Forget that putting all the burden on the young one. How about you older folks who own homes vote to fix the laws and stop being so greedy. Stop putting all the responsibilities on the young people. Young people can work 6 jobs and it wouldn't make any difference if there is no rent control or limit. This is affecting everybody not just young people. Affects fixed income folks like seniors.
Work hard, save your money, and when you finally save up enough money to buy a home…housing prices will be 20% above market and your down payment will get you a nice RV to spend the rest of your life in!
And people wonder why the homeless population is skyrocketing. Who the hell can afford to pay 6,000 7,000 or 8,000 a month rent? That is stupid. I have a sighed contract with my landlord that says in writing that he can by no means rase my rent while I’m staying there. 1,100 is still pricey, but not bad compared to what some of my neighbors are paying.
Same here VA. Houses that where 1,000 to like 1,500 on have doubled in rent. A house across the street from me before COVID was 1,600 is now 2,100 a month. Another house in a different area was 1,300 is 2,650. It's freaking crazy. 2,000 a month is the new 1,500 a month.
I had an apartment in an "ok" part of town that was $795 in September 2021 and when I moved out in April 2022 it was $1350. Oh, and zero raises at my job.
All the excessive printing these past 2 years just gave more money to the property and asset classes, and further diluted the working / average class, dreaded K disparity.
A raise wouldn't help you anyway. We get so many minimum wage hikes in California that I am now very close to minimum wage. My wages were automatically hiked twice to keep me above the minimum wage. That's how fast it raises here. And every time the minimum wage goes up, the price of living goes up as well. It's a never ending cycle of bullshit
@@jeffalbillar7625 I get that. $15/hr 2 years ago is the same as $17/hr now with how things have gone up. It's almost like working class people need to make $25/hr just to have some sort of quality of life.
The wages in this town don't support charging people these kind of prices. The land lord will end up with multiple families living in a house trying to survive.
@@michelesmith2620 then why not just not extend the rental agreement? Makes no sense. Not like the owners have no right to let the tenant know they can’t rent the house out any longer when the contract ends.
Fellow Commenters There's an old saying... What goes around comes around. And yes Landlords are bound by the laws by the city that they hold lease property in. The landlord is mad because CHAP or other renting organizations are trying to help ease the situation similar to Section 8 does for where I live. Offer to pay the the bulk of the rent on the behalf of the leasee and then the leasee pays the remainder. Fair enough. This is a case of landlord using retaliatory rent gouging which I think is against the law in most states
This is beyond insane‼ where are the politicians who are supposed to work for the people??! None of us are getting raises to match these sky high ridiculous demands in rent ‼
The mistake we make as voters is doing the work of the people who reap the benefits of these Politicians. As citizens we should be lobbyists, instead of voting for the people the lobbyists want us to vote for.
Wrong. The govt has no right to be in a private contract -tenant/ landlord. Politicians are out, and when they’re in what happened? Eviction moratorium, now these are the consequences
They want the property vacated so the elderly owner can move back in? Few questiona arise is my mind. What is the elderly owner's current living situation? If they move into this property, what happens with the current property occupied by said elderly person? Does this "property manager/relative" (Greedy slob looking out for their own interests) gain the currently elderly-relative occupied property for their own agenda? Also, leases always include (at least a reputable one) a minimum timely notice shall be provided by either the landlord/tenant regarding lease re-/non-renewal. Usually 60 days in standard. (As well as common courtesy.) They already know that properties in that area aren't renting for anywhere near what they're asking. So why the dog and pony show? So why not just decline renewing the lease and providing the tenant with a reasonable notice to vacate. Remember, Karma is a b>/"h. How would the PM/relative feel if they were a tenant in this situation? Remember that old saying.... Do unto to others....😄
This is probably not the best case to display regarding rent increases. It sounds like the only reason for this rent increase is because the actual owner of the property wants to move back into the property. But there have been many rent increases that seem to be pure greed. Yes, landlords take a monetary risk, but when no rents in an area allow for someone making min. wage but working full-time to be able to afford even a studio, something is seriously wrong. Also, because rents are increasing this allows for more people renting one unit. That is a one bedroom apartment becomes a home for 6 or more people instead of just 2 to 3 people. It would make sense with more people crammed into a unit, there would be more destruction to the unit.
Destruction of property is a felony. As landlord, I will pursue you to the full extent of the law. I have more resources than you and I'll financially bankrupt you with legal actions if you damage my properties.
Before 3:17 I was saying to myself “it sounds like the owner wants the house back, or wants to sell it. The raising of rent is a tactic to get the tenant to move out”
its clear in the report.... ELDERLY LADY Going BLIND..... she wants to live in her home again.... asked renter back in december to move... sounds like renter refused... so rent goes up....
@@HR-rt9nh right, they mention that around the 3 minute 17 sec mark. But from reading the caption and listening to the first few minutes I pretty much gathered the owner wanted to move back in. And the 3:17 point confirmed what I thought. I was just pointing it out.
Supply and demand, and "American greed" the demand for rental property is extremely high, interest rates will be rising to over 6% in the coming months. A lot of buyers are turning to rental And the greedy landlords are eating it up. Congress needs to pass a law to stop this price gouging fast or it could get ugly
I don't get it. Does this person rent month-to-month or have a lease? If the landlord wants the house back then just don't renew the lease. Let the current tenant stay until the end of the lease and instead of renewing it just terminate it so the renter has to move out. As for the rent increase, if there are no laws in place to regulate increases then that's the end of it. Property owners have the right to raise the rent as they see fit. If you can't pay it you move. That's what renting is.
Many states have a cap on how much rent can be raised. I think it's 10% in California. Nevada has no such laws so landlords just have to give 60 days notice and can raise it however they want, so I'm not sure what this guy is going to be fighting.
Dang I'd be happy if Michigan had laws on the books about mold in rentals. I've called everyone from the city to the state about the black mold in parts of our apartment building that we all use. They just keep increasing rent and allowing the basement to flood over and over again. Basically every time it rains more than a little bit. 😩 Renters deserve livable conditions.
The owner should have the rights to do whatever they want with the property. As a renter you should be aware of the risk of your home being transient and not somewhere that should be permanent. My former boss was a know it all but he rented and loved the place but was forced to move because the landlord wanted to sell the house. He knew he couldn’t complain much because he was aware of the risk being a renter and found another place to rent.
What the people are really saying is, "We want our property back." It's unfortunate that they didn't give this man more notice. I'd be renting myself a storage unit and finding a cheap hotel room until I could find something affordable. Seems like it's getting very tough for renters. Sad situation.
Most people didn’t watch the entire video and just assumed it was an evil landlord. Not an elderly lady going blind that needs her place back… Agree with you 100% it is hard for renters but not impossible. He just doesn’t want to move cause he’s lazy especially if chap is willing to do $3000 in rent.
You're kidding right? They literally said the elderly owner wants her house back yet you comment as if you "read into" this deep "conspiracy" with your use of "quotation marks" they are simply using the only way allowed by law to get their property back. It's a shitty situation but so the fuck what. It's her property. More notice would have helped when the tenant has been not paying and fighting it for 6 months......yeah the logic is strong....OR you don't pay attention to facts, you act off of emotion and comment without knowing what the fuck you are talking about. Cudos to you, you are part of the problem.
What does the landlord think he's renting out, a 3 million dollar mansion? People need to wake up, this is why I don't rent anymore and found myself a little house to purchase.
This is what you get when you SCREW landlords with eviction moratoriums.... Where were you when landlords were forcing to foreclose their properties cuz tenants didn't wanna pay rent and lived on their properties for free for 2 years? LOL Karma's a BITCH. :D
@@midnull6009 and I was renting my home where the landlord not only did not raise my rent but also said to let them know if anything happens with our income!
@jennifer k A law like this could backfire those who favor it. Let's say I was a landlord and somebody made it to where I can't raise rent as high as I want. Now, I'm leaving. If nobody takes my place, the people that pay rent will have no choice but to leave and rent another apartment.
We living in a Senior Apt, the Rent been going up everytime we have to resign the lease.2 bedroom went up this year over 200$,1 bedroom 100 $ ,this year I heard it will go up 165$ more that be over 1200dollars carpet is 10 years old everything is breaking down, trees are Dead. Old people can't afford it. Something needs to get done the building Las Vegas Nevada for the Rich.the Landlords are greedy no Heart, they do not care people living on the street. Thank you
I did the same for my 7 properties I had 2 years of renters not paying and now all renters will pay for those 2 years of no payments And so you know all 7 renters now are from California so I don't care or feel bad
What if 1 had paid? Would you still let them live their at the set price? And I’ll add if you had a mortgage on any of those 7 houses you owe then you were mortgage free for awhile too. My landlords didn’t raise my rent during these trying years. I’m grateful to them every day. When we first shut down i told my landlord id still be paying rent. And I did! Throughout the years I’ve added features to the house like ceiling fans, security door, new Facets, new toilet bowl, had carpet cleaned, painted, n plan on doing more…. Yard n new screens n shutters, stove, dishwasher, etc!! It’s because When i first moved in they said…. ‘This is your home! Welcome home!’ And I love them for their wonderful kindness throughout the 10 years I’ve lived here!!
@@redankulous69 *"Capitalism is what the United States of America signed up for. No need to feel bad. Make that money"* So Stupidlak locks down the economy and imposes an eviction moratorium for close to a year. The result is massive economic loss (especially small businesses), a significant period of mass unemployment, mass rental squatting and shortages (a lot of which stems from early retirements by the boomers). However, that is the fault of "capitalism?" I guess in the lefty mind, free enterprise is responsible for everything-- even the sins of socialism.
So, in other words, raise rents to a point where the average person has to move out because THERE ARE PLENTY OF PEOPLE LINING UP TO MOVE IN AT THE HIGHER RATES. Sure.
With apartments at capacity landlords are taking advantage and price gouging . What's even more crazy is in the next ten years there will be more homeless people then any era in history. Just sad how inhumane and selfish we have become today
Not all of them who raised rent did so to price gouge. Many were cheated out of rent by people who took their stimulus checks and bought TVs instead of paying the back rent. After three years of this, some landlords may owe back payments of 70K-100K on their property mortgages. The government took care of everybody but the property owners, so to avoid losing their properties to foreclosure, some property owners are now charging higher rents so they can bring their mortgages to be current again.
I love how minimum wage increases have to be phased in to not "burden employers," but rents are allowed to double or triple overnight with zero regard for the burden on tenants.
To me their should be law past to limit the amount
This !!!!!!!!
Landlord want to move back to the house what is wrong with that? If he cant afford it he can find a new place. There are no law that said landlord cant raise rent to 8k.
@@um8440 you’re so out of touch. If this is happening all over the nation, where the hell do you expect people to go? This is why people resort to living in their cars, assuming they have one.
People fail to acknowledge that while rent and food increases in price, the minimum wage stays at 7.50
A perfect example of the difference between being a landlord and being a human being
no the dif between being a shitty landlord and a good one. im a landlord myself and ive never raised the rent more then 100 bucks at the end of the lease and the only reason i raised it was to cover tax/insurance increase.
This is what you get when you SCREW landlords with eviction moratoriums...
In 2018 our rent was $1,750. We've been here all these years. The owner is heaven sent, he just this month up the rent to $1,905. And it's still extremely cheap where we move for a 3 bedroom house. Homes here are going for $2,500. We live in California. He has been an amazing landlord, we are very grateful for him.
What about the 2 years of not collecting rent ? We’re there renters who didn’t pay rent also less then human ? Could have affected the owners just as much if not more then raising rent.
@@jmpayne333 If the renter had the money and didn't pay, yes they're less than human. But if they lost they're job, they're not. Couldn't renter's get money to cover unpaid rent? We were extremely fortunate to have jobs during the whole pandemic. Not one payment missed since we moved in, in 2018. Maybe that's why he didn't up it. But some people post everything as income. That doesn't make then less than human.
I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.
For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
You are right! I’ve diversified my $70K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $190k in net profit across high dividend yield stocks, ETF and bonds.
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This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn't sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it's taken until the COVID housing boom for the prices to come back to those original amounts.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
@@LionTowercoporation Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.
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all through the eighties it was ALSO like that: most of my fellow employees were under water. the good thing was that jobs weren't disappearing, being contracted out, or other changes families had to REACT to to survive. eventually they caufght up as it was less to keep payinig the mortgage and not losing your credit rating. And THAT was in Canada.
Crash was in 2007-8
2004 was a good year to buy.
Rent went up since then.
Those that held their mortgage have paid 17 years of the 30 years.
Housing prices rebounded by 2015.
Your way off.
I was homeless in 2007.
5 houses by 2016
This is BS.... I am a landlord with two rental houses in Las Vegas. I Have NOT raised the rent on my tenants thru the pandemic. Tenants take care of my investment by taking good care of my properties. That is awful during trying times for landlords to take advantage of people just trying to survive. I know I not the norm but that's just how I see things. Landlord's quit being so greedy. Stay Safe Everyone ❤
That's awesome of you. People are struggling to survive nowadays
🛑STOP🛑 lying ...you like the rest of these greedy Las Vegas landlords have raised the tenants rent, that's why there's so many homeless here in Las Vegas
I think .. they just want him out .. tenant offered 3k , owner doesn’t want it🤷🤷
Well you are a rare breed.
@stormie you are awesome. Im lucky our new landlords only went up $50. Not sure if its cuz they know we are good tenants (the mgmt company said we were one of the few that still pd our rent every month) or if they are just good people. Either way we are blessed to landlords like this. To those that talk about how bums had two years rent free…i was a case mgr and on one hand i agree with you but on the other hand i do not. Yes those that could save and pay should but on the other hand mgmt companies wont except partial and then what. I have had families struggling because they were out of work or one job wasnt enough and looking for another. Its bad to make judgement on situations you know nothing about. Everyone is not the same. Its not wrong to raise the rent just be human and have a heart. Cuz in the end not one person nor family will be able to pay the rents out here and multiple families will live in one unit which is a higher chance of your property being tore up.
Of course you can't afford it, dude - that's the point of it. The landlord doesn't want you to pay a higher rent. The landlord wants you to move.
Exactly!
Don't worry that landlord gonna lose everything God hates evil
@@utahsilvey5930 evil is you. buy the house, rent it, be limited to raise rent 5% per month. I'll see what song you gonna sing then
@@arishem555 what ever makes you feel better inside
@@utahsilvey5930 sure, Silvey.
If she wants her house back can't she just tell them we aren't renewing your lease. Seems raising the rent isn't about getting the house back. It's about GREED
You can’t simply kick out paying tenants even after the lease is over unless there’s applause clause to. In which case they didn’t have any. They wanted the home back but they have tenants inside that would’ve taken them to housing court and the judge would’ve ruled another lease agreement. The only thing they could’ve done is raise the rent to drive them out.
Housing Court never heard of it. I will Google that indeed.
Exactly smh
I wish they would also talk about corporations like Zillow buying up the houses, outbiding ordinary people who just want homes for their families, then hiking up the price to exorbitant amounts. They should also talk about hedge funds going into the landlord buildings, hiking up rents and evicting people.
That's called business. Grow up.
Hud just as bad. Kern county I paid four hundred fifty dollars a month for two bedroom two bath very large yard, love it till owner sold it, still keen county has some places cheap, as long as you drive, one store in town, bus once a week.
All this property are under Chinese investors control and obviously don't care anything about eeuu citizens comfort obviously little by little destroying EEUU real estate bussines inflating houses prices
Talk about HUD and Blackwater giving the MONEY to these outfits using YOUR tax dollars. HUD granted several hundred million to ONE connected Trump guy and he b ought al lthrough the Mormon corridor for chump change with 0 percent money: YOUR money.
@@wanaraz Then business is responsible for widespread homelessness
I’m glad he took the time to get the news involved because this is outrageous.
Outrageous....it's insane!!!
So then move
@@boggleboggle100 LEGAL !
You’re out and Blackrock is in.
Wtf is the news gonna do? You think this is the only landlord doing this? 😂
This is perfect example why people are opting to convert cargo trailers and vans to sleep in or truck campers and other vehicles. No way in hell would I pay $4000 rent for someone else property. He might as well go build a tiny house to live in.
Exactly! 👍
✅✅✅
He should move out and do that. It’s not his property, he’s a renter and has not offered to buy the property.
@@anitaneal1779 you’re right he’s not obligated to buy the property.
He owes her 40k. Who’s in the wrong here?
In my opinion, this is one reason why people live in their vans, live with family or a friend or live in a tiny house because the rents are outrageous and people can't afford to pay apartment rents!!
Everything is going up, food prices and medications. Smh, I feel more sorry for the seniors and disabled people who are living on a fixed income and can't afford the high apartment rents.
Not to mention people literally living on the streets or on a verge. This is one of the reasons why America has so many homeless seniors and veterans.
The shoe is now on the other foot. Landlords are exacting revenge for the rent moratorium. But the greed will be their Achilles heel
And I can’t wait for the downfall.
No, it won't. They are within legal guidelines.
RIGHT ON!
Didn't owners receive rental subsidies from the government during moratorium? So they weren't truly at a loss.
So this is because the elderly owner needs the house back because she needs to move in to it. Why didn't she just hand him a 30 or 60 day notice to terminate his tenancy? Problem solved.
It’s freaking Las Vegas not Detroit
That's what I was thinking. If she needs the house back, don't even offer to rent it at all. You can just simply give them plenty of notice to find something else, and then she has her house back.
Idk about Vegas, but in some cities, landlords are required to pay renters many thousands of dollars when they want to move back into their own property. It's like getting a divorce, the landlord has to "buy out" the tenants. Maybe this owner is trying to avoid that kind of a situation, by just "encouraging" tenants to "decide" to move elsewhere.
Because the tenant didn't want to move and in a lease agreement not a month to month tenancy you can't just give notice. The rent raise was made unreasonable just to get them out. It's a logistical move they didn't actually expect to recieve that amount. It's just easier to get them out by raising the rent to an untenable amount
@@ajcarr1965 that sounds like BS to me unless they landlord breaks the lease maybe.
I've been renting the house I live in here in San Jose California from 2010 to 2013 when the landlord who owned the house was about to go bankrupt had to liquidate the properties they owned. The landlord who was a very nice person told me that the house would be put up for sale 3 months ahead of their bankruptcy proceedings. They asked me if I were interested in buying the house outright and I pulled the trigger and said yes but the greedy realtors wanted to list it to get more money. I ended up winning and getting the house. The house prices at the time were really started to go up in California but the help of my former landlord and the military CalVet loan, I was able to get it at a price close to my budget.
I'm glad you have your own home now, and that didn't get sold to some investors looking to turn it into a stupid Airbnb.
Lucky you
Good for you, you MADE it happen !!!!!!
Congratulations
I'm SO happy you got the house!!!! I LOVE It... and congratulations on being a homeowner. I'm VERY happy for you...GREED lost ...
HOMELESSNESS IN AMERICA IS GOING UP TO A SKY HIGH LEVELS !!!
Our caregiver's family in LA was just hit with a 1,000 request increase from a landlord she's had for 25 years. So she qualified for a mortgage (mom's income and mom's rental) and just moved into her own place (with mom) last weekend. Now the landlord (I don' know the guy) is going to have to come up with a renter for the premium amount. He'll be underwater real fast. I ThOUGHT the guy had deep pockets: his house, the previous rental house he's owned, plus the new house. Maybe not, but we're not going to be funding his bad decisions. his loss.
I don't believe for one second that the landlord wants to move back into her home. The property manager states the renter can stay as long as he pays the rent, which proves that this is about increasing the rent. Greed.
100% Correct. G R E E D
Yea, i guessing they are just copying everyone else to raise it so high as if the place is so big. because u add expense of water, trash and whatever else it just cost more for the place .
if you listen to him he wasn't paying rent. It's not greed it Karma.
Truth
not really...that money would got to house the lady somewhere else...
There is no good reason for rents to increase by 100% except for a system that allows homes to be bought up by investors and weak housing laws. How can you justify an elderly couple's rent increasing by 2,000 in a year. This is morally reprehensible.
Eviction moratoriums. Landlords are going to make up their loses, and build larger reserves in case of future moratoriums. The housing market is way up, so that means landlords can get the high rent. It’s merely a business for landlords, not a charity. Someone that is not a true investor doesn’t think like this, but it is all business to the landlord. People are free to move if they can’t deal with the increase.
This is one of many reasons that buying is sooooo much better than renting. When you buy on a fixed rate, no one is raising your rent. Sure, their might be property tax increases, but you’ll pay them as a renter as well, as that property tax cost is built into the rent. And any improvement that the landlord does to the rental is a 100% write-off on his/her taxes.
The word Morally reprehensible doesn’t even come near to how evil these corporate landlords are!
People were saying this would happen during the moratoriums. Mom and pop landlords are considered “naturally occurring affordable housing” the moratoriums pushed “mom and pops” out of business. Corporate landlords came in and run like a business instead of “mom and pops” which are nice people renting out their starter home or something. This is basically the consequences of the moratoriums and tons of people warned about it because the “mom and pops” could not withstand years without pay, but corporate landlords easily could. This is basically a reap what you sow and totally foreseeable.
@@laraantipova389: the moratorium was to prevent evictions. Millions of renters DID NOT stop making payments and in normal times, there is always a percentage of bad tenants.
@@eattherich9215 you are correct that is not the only reason.
It is part of the reason because lots of people were not paying and that forced lots of “mom and pop’s” out of business. It is undeniable that this was at least part of the reason for skyrocketing rents.
Its not about the homeowners health its about greed and nothing more
Why doesn't anyone state the obvious GREED is the real problem If the city wanted to fight back on this problem just raise the taxes 300% the homeowners would be livid. The average families are barely scraping by. It's evil and greedy!
My grandfather always warned me about how lousy landlords were going to turn people into bears. He had an apartment complex he built out over a thirty year timespan. Was always reasonable with his rents and treated his tenants with care. Never had any real issues and always had full occupancy.
Exactly; it goes both ways. Tenants need to respect their landlord and pay their rent on time, but conversely landlords need to respect their tenants and not exploit them.
@Paul Smith You're right, it was. In that time and area of California (mid 60s to early 2000s in rural Fresno county California) that's the way it was. Not everyone has the same experiences but I still think the basic premise is true. Treat your tenants with care and be grateful for them and they will generally be careful and straight with the landlord.
My roommates mother had a tenant that stopped paying for 6 months. Said she didn’t have money. But it turns out she did. Destroyed the place. Out 6 months rent. She was a great landlord and the price was lower than anything in the area. It’s not always lousy landlords.
@@jamesbizs as a matter of fact there are a lot more bad renters than bad landlords.
@@fedupamerican296 This is probably true; it just becomes much more egregious when bad landlords are caught due to their status as property owners and thus are rightly held to a higher standard.
This is simply to get the rid of the tenant. I know landlords kinda got screwed with the pandemic, but still, that's no reason to increase the rent by that much.
it was in the contract, tenant should have looked at the clause of the lease
@@danielmankinde1706 some landlords don’t let potential tenants review contracts tell the day you get the keys. Definitely understand your point.
I think so too. There's a lot more to this story that isn't being told.
Rental assistance helped them too. They probably got PPP loans they weren't required to pay back.
I agree, they just want their property back, so just find some where else to move to. Instead of going up like that, just say I want my house back, I'm no longer renting.
They need to get rid of renting, and turn it into "owning." Even if you live in an "apartment," you should have equity to "own" that place or move up, signing a mortgage, not a lease or rental agreement. My last landlord doubled my rent, then evicted me, after living there and taking care of the place for eight years. Didn't even talk to me, just posted a notice on the door. Thirty days and I had no place to come home to. It's no wonder that people are homeless. 💙 T.E.N.
Right on! Outlaw renting! That should solve the housing crisis!
@@briant1319 right! Lmao
Wtf would anyone buy a house and rent it out if every renter got ownership? That’s a raw deal for any landlord. Rent would triple over night because of the added risk to the owner. It’s that simple.
I didn't say ownership, I said equity to own, which would increase the number of people who can buy a home instead of having so many people pay for nothing. The landlord gets their due, but anyone paying "rent" automatically qualifies for a home. The best example would be a friend of mine, who was already paying $1,450 a month for rent, but wasn't allowed to buy a house for $895 a month because of his credit rating. "Renting" as a "concept" is a bad thing, as everyone should own the place that they call home, which is an ideal that would take a total revamping of society and humanity as we know it and would be beyond the comprehension of most of the people that I know, especially the people that make their income from renting. It could be the subject of many papers, I'm sure, but it is hard to even imagine what society would be like if everybody owned their home, as current day values, morals, and thought processes would have to completely change for that to happen. Think world peace mixed with no wanting or need and no greed or avarice. It isn't right that many humans work hard and pay their whole lives, just to end up with nothing, but I doubt that we as humans can achieve a utopian society of everyone having a home without altering our complete way of thinking and living, so nobody would be buying a house to "rent" it out, and it isn't outlawing renting, because that "concept" wouldn't exist. 💙 T.E.N.
@@tracynation2820 wtf are you on? Your first statement said turn renting into owning. The rest of what you’ve written doesn’t make sense. Why would anyone build a house if they aren’t going to make money off of it. Millions would be homeless or living in shantys. I know I wouldn’t invest my hard earned money in real estate with no or little return on my investment.
Been at my complex for 4yrs now. My rent was $1350 just last year. When I reknewed my lease this year after the pandemic it went to $1800. For a 2 bd/2 bath apt. I’m moving next year to a different state. Vegas nor the complex has nothing more to offer to be charging $400 extra rent. A lot of my friends and coworkers are leaving Vegas soon as well. I’m from CA and these prices are damn near close to San a Diego prices but atleast CA has way more to offer. Beaches,Amusement Parks, Zoos,Museums, Carnivals, Parades etc. It’s ridiculous.
A lot of landlords use this to get the tenants to move. The owner wants to move back to her home, but in many states you can't just evict someone for that reason so she had to use what the law allows. I would have just told him I need the property back and given him around 4 months to find another. Most people understand that they are not the owners of the home and this is, and was, always a possibility
That's the case. In some other countries they have provisions that say that the owner can request to clear out with some notice to move in by themself.
Exactly.
Agreed! Unfortunately, you’re a decent person which this country is running short on these days.
Your last sentence leaves room for the 10% of renters everyone hears about.
Exactly! People also forget the abuse that landlords have endured from the federal government during the rent moratorium where they were not getting rent and were forced to allow non-paying tenants to stay in their property!
This is actually Horrifying.
The Landor’s bills do get high as well , but some of these rent raises ., is unreal ! GOD help us
IT'S CHEAPER TO STAY IN A HOTEL
I was thinking the same thing
This practice is pretty well known in real estate. Landlords do this to make the tenant move out so he/she can sell the property. Prob trying to cash in before the market crashes.
If I wanted my tenant out, I just wouldn't renew the lease agreement. You don't need to raise rent to get someone out.
@Bryan Smith Yes, but if you have a lease agreement, then you can't raise the rent until the contract is up. Once it's up, you can simply choose not to renew.
@Bryan Smith just like the landlord is trying to force the tenant to do they can find another place to live until his lease is up. And no you don’t get to change the rent price mid lease agreement just because you want to move back in. I hope he sues the landlord and wins. And the landlord looses all their money and looses their house. Then they’ll know what it’s like to treated like shit and price gouged. Being old and disabled doesn’t give anyone the right to be a complete asshole slumlord to people just because.
@Bryan Smith not entirely true. Cuz if he paid 4 grand then all of a sudden her blind elderly ass doesn’t need to move back in.
Exactly. Perfect way to do it.
I talked with an Uber driver in Vegas last September when I was there. He said small apartments were $1000 before the pandemic and doubled after to $2000. I also noticed probably 80% of the staff at the casinos were gone after the pandemic. So what’s the reason rent doubled but the workforce of Vegas was annihilated
Rent becoming optional and nothing landlords could do about it because of COVID relief. People abused it. Landlords got screwed.
Let's go Brandon !! We winning this
The pandemic and the subsequent shitstorm that ensued happened under Trumps watch.
@@fernandgamboa2848 Rent moratorium began under Trump. Try again.
The democrats in the Congress created the CARES Act which included the moratorium on evictions as recommended by the CDC. Both the Congress and Senate passed it and Trump signed it into law. So ... there's plenty of blame to go around on all sides. Landlords should have been compensated. If an executive order had been signed ordering farmers to give away all the food they produced to the needy, wouldn't the public expect the farmers to be compensated. Otherwise, how do they survive.
be 44 years old, making 15 dollars an hour... rent in the area I'm at is well over 2k a month for 1 bd even in the bad parts of town... having to live with my mother at this age is embarrassing.
" This is totally "SHAMEFUL," to charge this much!"
" OUTRAGEOUS!"
Yet if you owned this place, wouldn't you charge as much as you could get?
My rent recently went from $950 a month for a tiny one bedroom apartment to over $1700 a month with minimal notice from my leasing company. They're well known for being scummy as hell
Ya rent is getting stupid now a days.
1st it was prescriptions now it’s rent. I thought it was going to be toilet paper next.
rent being so absurd made me decide to buy. I was renting the same property for 4 years, my move was abrupt so it came as a shock just how scarce available places had become. I was just "over qualified" for many of them and under qualified in reference history. It was easier getting a loan than finding a decent place to rent.
The few that responded had a multi month waiting period.
@@dbased1915 that's pretty much where I'm at right now. My parents have a home worth over 800k and their monthly mortgage is less than my rent. Yet after paying my monthly rent at the same place for over 3 years I somehow still don't qualify for house payments at almost half the cost? I don't even know what to do. I feel beyond trapped in my current situation and can't even afford more education to better my career/salary
Same thing is happening in Orlando. They are doubling rent prices when renewing the lease.
I've bought a condo back in 1984, it's been paid off for 12 year's now, however, I get investors wanting to buy it even though I NEVER put it up for sale. It's CONSTANT!!! I tell them all I can't start paying rent at my old age, I don't make the money I use to like when I was young. They don't seem to get the message or even care if I wind up in the street & homeless.
I purchased a modest 100k condo in 2020 - weeks before pandemic closed city. Did 15k remodel. Get letters from private citizens and realtors who want to buy it - looks out on water as well. NO WAY. I put 65% down on 15 year mortg. I'm paying off in 3 years. 10 payments to go!!! My old apartment rent went up 600 / month in the 2 years I've owned this condo. I'm keeping it in the family as a safety net for loved ones. Totally agree with you - you can;t be paying rent in elderly yeas. NOT safe!! Loved your post.
Same I have a few houses and every single week I get multiple people trying to buy them. I just had one left yesterday. They rolled up a flyer and rubber banded it to my screen door.
Just ignore them. We receive offers all the time for our house, I just ignore!
@@travelnomad2128 they're worst than telemarketers, you would think if you didn't put it up for sale that you have no intention to sell it.
Yea, what’s with that.
Living in someone else’s property makes you vulnerable to situations like this. Corporations buying up residential properties and inflating prices is ruining the real estate market.
Lmao! Where do the landlords expect to get the rent from? Average American annual salary is about $40,000 BEFORE taxes. 😂
LV will resemble LA soon with those who have jobs living in their cars and the unemployed living in the gutter
I got some news for you ...Las Vegas homeless situation has been equal to Los Angeles homeless situation for some time now
That's not true people with jobs are living in cars as well because the dang rents are too high people need to just try and buy their own house because this is outrageous. Most jobs do not pay enough to afford the unreasonable rates of rent.
@Michael McClelland Naw, as someone who moved from L.A. and has been living in Vegas for the last 2 years.
I still go back and forth between Vegas & L.A. at least twice a month and Vegas doesn't compare when it comes to L.A.'s homeless situation. It's bad but not as bad.
@@triggatrevor1849 I'm from the *LBC* and I've been living in Las Vegas for close to 20 years, and I still have family living in SoCal, and I respectfully disagree with you
@Michael McClelland So when was the last time you were in L.A.? Not L.B. but L.A.
Show me where in Vegas you have places that mirror Skid Row, McArthur Park and Echo Park prior to it's recent clean up?
How do they expect people to live? To get approved for a place you have to make 3 times the amount of what the rent is so if they're raising his rent to $6400...he has to make 3times of that amount in order to get approved!!! This is ridiculous....this landlord is being disgusting and evil....this is why soooo many people are homeless because they just give up.... there's no winning
well you don't have to make 3x the amount if you do you pay less of a deposit and if you don't you pay higher deposit usually double and usually pay slightly higher rent
That is so true and there are a lot of people that can't come up with the 3 time's the rent or have good credit, it was never like that when I rented. I look at it this way as long as they can afford to pay the rent what does it matter. I feel for the younger generations that's why I am going to make sure my kids have a place they can call their own when I'm gone
@@darlenesams3274 my husband as I added each of our kids to credit cards to help build their credit so that by the time they graduate they will have great credit. My 20year old is working and saving because our plan is to help her buy her own home ...so she will move out of our home into her own home. I don't want any of my kids leaving home unless they're financially stable to make it on their own. 💜
@@Dgafsranger not in Atlanta
@@serendipity0628 then some of your kids may never leave your home. But you can charge them rent.
I’m so happy I don’t rent....I feel bad for so many who are being evicted. This is horrible. I work in home care and I’m worried bout one of my clients whose 70 years old and might be loosing her apartment cause landlord wants to sell the apartment building. Plus there’s a woman who lives above her who has cancer and caring for her two young grandkids.
The land lords are greedy we need to deal with them by boycotting rent houses and make the landlords lose their 💩.
I know landlords are trying to make a living, too, but DAMN!!! They're doing the most!
Ikr. 🤔
If they were trying to make a living maybe they should get a real job
@@rotanddekai7503 Some small landlords do have jobs, whether full-time or part-time. I know because I have a landlord who also has a job. As their real estate businesses start to take off, they wouldn't need a job anymore. That's the beauty of real estate.
@@sandrazollman550 you have no idea what someones plans and portfolio holds how dare you say something like that.....get your own assets if you don't like it.
@@rotanddekai7503 investing in real estate has a great return on you investment....it's a great job.
These landlords are going to be ticked when they see all the homeless encampments in their front yard and the government does nothing. That’s what they get for being greedy.
We charge the going rate and base it on what our costs are. Don't blame us.
@@crand20033 don’t be mad when you don’t have any tenants to rent from you and you have no income coming in 😂
@@dionned.6176 He going to be running to someone for help saying he going to lose everything lol greed is evil
@@crand20033 Who determines the going rate? Stop it, you can charge whatever you like and keep a good tenant for years, as opposed to charging something ridiculous and going threw the tenat search again. Greed is all that it is.
@@dionned.6176 I definitely won’t rent from him if I had the chance..
i think there should be a data base of scummy landlords so we know who to avoid
The elderly landlord should have the right to move back to her own house.
In South FL, my rent went from $1200 to almost $2700 a month during the beginning of renovations from New owners at an RV community!!! They lost over 200 tenants for their greed.
Less work and more money
Good hopefully they'll never get tenants
RV park charging 2700. This is ridiculous.
I’m sorry to hear that! My home state has become a piece of shit sadly to say! I grew up in North Miami, I left the state after my rent went from 1500 to 3800 per month!
THEY DO NOT CARE!
I'm a landlord and what I don't understand is, if they want the house back for the elderly owner to live in, why don't they just give the tenant the proper notice to vacate? They even said they are raising the rent by a ridiculous amount bc they're trying to get the tenant out. The lease should have provisions for the owner taking back possession of their property. Then they wouldn't have to do these shady tactics like hiking the rent to an unpayable amount.
Exactly? Odd story.
The video says what happened.
The lease was up in Oct.
These were the new terms for the next year.
Eviction notice was issued.
It is now May. Why is the squatter still there? If you dont have a lease and not paying rent, that's squatting.
I did thousands of financial plans with people. There were those that really were squeezed and didnt know the state of their finances.
Many, however, hated the fact that pointing out they were living beyond their means by using credit to meet their wants, was not sustainable.
Cutting their want, and meeting their need, was often possible.
But, they wanted THAT lifestyle so they went into debt to have it.
What bills are being paid aside from rent?
Want a clear picture? What's their priorities? What gets paid first?
Why are high school grads moving out and finding a way to live when grown adults who have been out cant? How do HS grads earn the same amount as grown adults?
Choices, choices, and choices.
Probably because it's Los Angeles, where Democrat policies likely make it very hard to get rid of tenants when you *need* to. Democrats love to side with parasites and criminals.
@@frpgplayer high school grads usually have or get about 3-4 roommates to split the rent while in college working, so the burden is split between 3-4 people. But when one person if paying the bill this when it becomes a burden, I understand what you tried to convey but that person probably can pay rent but why would they take there life savings to start paying a ridiculously amount in spiked rent.
@@frpgplayer lmao if my landlord did shady shit like that id squat too and when it finally cam time to move out id trash the fuckin place . Well deserved on the landlords part in my opinion .
For what? What justifies these raises in price??! Who the heck can afford it? This should be illegal! This is price gouging! Greed!
Air BNB will drive rents up- they can get 300-400 per day from tourists plus cleaning deposits etc. This same thing happened to places like Malaga, Spain which was a huge tourist destination. So many people were renting homes and apartments that local residents could no longer afford to live in the city. Eventually they passed an ordinance restricting rentals to 50% of the year and required people to have a license and pay taxes on the rental income. This story about the blind lady sounds bogus- most likely that home is owned by an investor looking to maximize his profits.
A person who is renting a $1500 apartment cannot afford double or quadriple the price. And they know that.
They cannot afford 1500 either because this tenant owes $37,000 in back rent.The tenant must know they cannot afford to live there for free.
I bet all in, That the owners of the home, will place the home up for sale as soon as the tenant leaves... The entire homeowner is blind story sounds like complete bullsht to me..
Right, I guess the old blind woman has not been living somewhere else all this time.
but its her house isnt it.. he can also offer to buy it
@@danielmankinde1706 My mom just sold her home of 19 years in Vegas for an amazing price, but the home is beautiful & well worth it. That home this tenant was living in is literally a small tract home with a .09 acre. Those neighborhoods were constructed for cheap 1200sq ft housing. It is always more profitable to rent these shoebox homes.
My landlords raised my rent 26% this past yr. Its disgusting
people need to vote for rent control! Period! Federal rent control!
So it’s not even the landlord who’s raising it? Sounds like a greedy older daughter 🙄
I wouldn't be surprised if the landlord being an old lady going blind being true...but is incapacitated and has unscrupulous children/grandchildren pulling the strings on her rental properties.
So?
That’s assumption not facts
@@dcg590 I just read your page and comments you act like your shit don't stink 🦨, GTFOH lady your crazy and a racist with plenty of racist views, all anybody with a brain has to do is look at your comments to know who you are... F*** you *Do is all a favor and wash your mouth out with buckshot
You have a right to raise the rent but not abuse it
sounds cliche, but with great power comes great responsibility
@@MegTelevised exactly
@@MegTelevised This is what you get when you SCREW landlords with eviction moratoriums. Karma's a bitch. :)
@@midnull6009 definitely for all of us. What you give is what you get
Its not abuse, you just arent looking at it objectively
Situations like this are what got senate bill 426 passed! My unethical unreasonable rent increases in Nevada be stopped forever.
That’s ridiculous , I hate areas with no rent control , that’s so freaking unfair for people!! 😡
Get the message, the landlord wants this tenant out of the house.
Time to pack his bags & get out!
Simple. Why is this news
@@wileecoyote5749....without rent control in NV is just to show the tenant's stupidity.
An armed bank robber wants all the money in the bank. Same thing. Want has nothing to do with it. Where’s the decency and humanity?
@@ritacampbell3833 ..That's where your wrong. If the property owner wants their property, they shouldn't be forced to rent it out or lower it to a price suitable for the renter for decency & humanity. I'm sure someone wants the place you currently living at, you willing to give it up or rent it out so they (tenant) fill it's worth? II didn't think so🙄. Tenant needs to leave immediately. The landlord owner is elderly and needs the place according to the news clip. Also the tenant was behind during the eviction moratorium.
He got alot of humanity/compassion during that time.
Mine went from $1800 to $2300 until finally they wanted $2800 for the renewal and I left. This is out of control and makes even less sense when new tenants can pay less than a stablished one.
thats 3x's my mortgage on my 2 flat
@@peacefaith560 Definitely a mortgage would cost me less than rent. One day, hopefully.
My lease is ending on Nov and I just received the lease renewal offer. So I’m currently paying $1399 a month for rent only, not including utilities. They’re offering me $1426 a month to renew for another year or $7417 for the month to month option. Ridiculous! I thought it was a typo, but apparently not! What a shit show!
The landlord is gaslighting & shifting the blame instead of taking responsibility. Disgusting!
That's literally not what gaslighting means, darling.
This is always the risk of being a renter: you're at the proverbial mercy of the landlord who is allowed to charge what they want. Lesson to all the young ones: study hard, work hard, save your money, and buy your own house so you don't have to experience this...
And protect your CREDIT!
Forget that putting all the burden on the young one. How about you older folks who own homes vote to fix the laws and stop being so greedy. Stop putting all the responsibilities on the young people. Young people can work 6 jobs and it wouldn't make any difference if there is no rent control or limit. This is affecting everybody not just young people. Affects fixed income folks like seniors.
As if renters haven’t done this. They also do this with property tax making mortgage unaffordable
@@santarosahero facts
Work hard, save your money, and when you finally save up enough money to buy a home…housing prices will be 20% above market and your down payment will get you a nice RV to spend the rest of your life in!
And people wonder why the homeless population is skyrocketing. Who the hell can afford to pay 6,000 7,000 or 8,000 a month rent? That is stupid. I have a sighed contract with my landlord that says in writing that he can by no means rase my rent while I’m staying there. 1,100 is still pricey, but not bad compared to what some of my neighbors are paying.
Same here VA. Houses that where 1,000 to like 1,500 on have doubled in rent. A house across the street from me before COVID was 1,600 is now 2,100 a month. Another house in a different area was 1,300 is 2,650. It's freaking crazy. 2,000 a month is the new 1,500 a month.
And Virginia was a cheap housing to lives but not anymore
This is nothing but greed. That house should be nowhere near $6K a month. These landlords are forcing people onto the streets who shouldn't be.
I had an apartment in an "ok" part of town that was $795 in September 2021 and when I moved out in April 2022 it was $1350. Oh, and zero raises at my job.
All the excessive printing these past 2 years just gave more money to the property and asset classes, and further diluted the working / average class, dreaded K disparity.
A raise wouldn't help you anyway.
We get so many minimum wage hikes in California that I am now very close to minimum wage.
My wages were automatically hiked twice to keep me above the minimum wage.
That's how fast it raises here.
And every time the minimum wage goes up, the price of living goes up as well.
It's a never ending cycle of bullshit
You better learn to house-share because what you have described is not the landlord's problem. They are not a nonprofit charity.
And Inflation up 10%...gas prices nearly doubled.. it's amazing anyone can afford anything these days.
@@jeffalbillar7625 I get that. $15/hr 2 years ago is the same as $17/hr now with how things have gone up. It's almost like working class people need to make $25/hr just to have some sort of quality of life.
🤦🏻♀️ Talk about price gauging.
"Gouging"
This extreme increase in the rent is bad for the landlord and tenant, landlords need to think twice about overdoing it here.
Who on earth can afford that, it's is absurd . How do you justify a rise as such
The wages in this town don't support charging people these kind of prices. The land lord will end up with multiple families living in a house trying to survive.
I think they are just lying, and want to flip it.
@@michelesmith2620 then why not just not extend the rental agreement? Makes no sense. Not like the owners have no right to let the tenant know they can’t rent the house out any longer when the contract ends.
I honestly shouldn't be surprised how humans can become so souless and full of pure pure greed. I hope the person suing gets his justice.
he will get evicted, and if you are a landlord you will never rent to him
Everyone should just build a tiny home so these landlords can have their expensive place and keep them to their selves
Fellow Commenters There's an old saying... What goes around comes around. And yes Landlords are bound by the laws by the city that they hold lease property in. The landlord is mad because CHAP or other renting organizations are trying to help ease the situation similar to Section 8 does for where I live. Offer to pay the the bulk of the rent on the behalf of the leasee and then the leasee pays the remainder. Fair enough. This is a case of landlord using retaliatory rent gouging which I think is against the law in most states
This is beyond insane‼ where are the politicians who are supposed to work for the people??! None of us are getting raises to match these sky high ridiculous demands in rent ‼
They only work for the people during election season.
@@ChiTwnCutie time to vote every one of these maggots out of office.
Immediately in November
The mistake we make as voters is doing the work of the people who reap the benefits of these Politicians. As citizens we should be lobbyists, instead of voting for the people the lobbyists want us to vote for.
They're playing golf !
Wrong. The govt has no right to be in a private contract -tenant/ landlord. Politicians are out, and when they’re in what happened? Eviction moratorium, now these are the consequences
Landlord wants her house back. Is raising rent the only solution? Are there any other ways? 🧐
They want the property vacated so the elderly owner can move back in? Few questiona arise is my mind. What is the elderly owner's current living situation? If they move into this property, what happens with the current property occupied by said elderly person? Does this "property manager/relative" (Greedy slob looking out for their own interests) gain the currently elderly-relative occupied property for their own agenda? Also, leases always include (at least a reputable one) a minimum timely notice shall be provided by either the landlord/tenant regarding lease re-/non-renewal. Usually 60 days in standard. (As well as common courtesy.) They already know that properties in that area aren't renting for anywhere near what they're asking. So why the dog and pony show? So why not just decline renewing the lease and providing the tenant with a reasonable notice to vacate. Remember, Karma is a b>/"h. How would the PM/relative feel if they were a tenant in this situation? Remember that old saying.... Do unto to others....😄
They can just refuse to renew the lease
@@jessicabixler1658 Yeah. That option was mentioned about 6 lines ago. 😉
She wants it back. That is why she is pricing it so high.
@@ajclark809 maybe it’s to be closer to family in her elderly years. It’s HER house. She don’t owe this guy an explanation.
This is probably not the best case to display regarding rent increases. It sounds like the only reason for this rent increase is because the actual owner of the property wants to move back into the property. But there have been many rent increases that seem to be pure greed. Yes, landlords take a monetary risk, but when no rents in an area allow for someone making min. wage but working full-time to be able to afford even a studio, something is seriously wrong. Also, because rents are increasing this allows for more people renting one unit. That is a one bedroom apartment becomes a home for 6 or more people instead of just 2 to 3 people. It would make sense with more people crammed into a unit, there would be more destruction to the unit.
Landlords don't have to care. It's their right. It's business. I would do the same. Can't pay? Don't apply or get out.
Remember the recession?
When ppl started abandoning & destroying the properties
If landlord's keep doing this, it may return?
Exactly 💯
It's not fair but these things do happen because of things like this.
Or people destroy it just because
Destruction of property is a felony. As landlord, I will pursue you to the full extent of the law. I have more resources than you and I'll financially bankrupt you with legal actions if you damage my properties.
@@jessicabixler1658 True.
@@endqualifiedimmunity754 It's "destruction", not "distribution". What you need to "pursue", is proper grammar!
The letter from the landlord has exposed the landlord selfishness and karma is real. SMH
@Thomas O
Raising somebody's rent is not selfishness. This is a good way to keep up with inflation.
How do you know? Sounded to me like the Tennant didn't pay their rent for a year and a half
@@timtebowfan628 you know her lawyers are behind this greedy bs and they know the housing market prices are exploding. Just stop already!
@@tbiz3239 It's the ladies home. And she wants it back. She owes no one an explanation. Simple as that..
Karma is very real.
Name and photo of landlord. Stop letting these POS landlords remain anonymous. All public record information should be in these TV news reports.
Blame their lousy politicians. This should be illegal.
Before 3:17 I was saying to myself “it sounds like the owner wants the house back, or wants to sell it. The raising of rent is a tactic to get the tenant to move out”
yeah, don’t want to be stuck with the bag when the market comes crashing
its clear in the report.... ELDERLY LADY Going BLIND..... she wants to live in her home again.... asked renter back in december to move... sounds like renter refused... so rent goes up....
@@HR-rt9nh right, they mention that around the 3 minute 17 sec mark. But from reading the caption and listening to the first few minutes I pretty much gathered the owner wanted to move back in. And the 3:17 point confirmed what I thought. I was just pointing it out.
Supply and demand, and "American greed" the demand for rental property is extremely high, interest rates will be rising to over 6% in the coming months. A lot of buyers are turning to rental And the greedy landlords are eating it up. Congress needs to pass a law to stop this price gouging fast or it could get ugly
@@jf5505 interest rates have been over 6.5% for a bit...
I don't get it. Does this person rent month-to-month or have a lease? If the landlord wants the house back then just don't renew the lease. Let the current tenant stay until the end of the lease and instead of renewing it just terminate it so the renter has to move out. As for the rent increase, if there are no laws in place to regulate increases then that's the end of it. Property owners have the right to raise the rent as they see fit. If you can't pay it you move. That's what renting is.
This renter is on a regular lease and the landlord filed for an eviction on them.
New law: the rent they charge when you move in is the rent you pay the month you decide to move out.
Time to move out of Vegas and leave those homes empty. Lack of water will do that soon anyway.
Many states have a cap on how much rent can be raised. I think it's 10% in California. Nevada has no such laws so landlords just have to give 60 days notice and can raise it however they want, so I'm not sure what this guy is going to be fighting.
Go to the 2:22 mark.
Dang I'd be happy if Michigan had laws on the books about mold in rentals. I've called everyone from the city to the state about the black mold in parts of our apartment building that we all use. They just keep increasing rent and allowing the basement to flood over and over again. Basically every time it rains more than a little bit. 😩 Renters deserve livable conditions.
If it’s a private owner in California, there’s no cap whatsoever. Scary.
@@autisticangell Depends on the city.
@@taylorbug9 they do. If there's mold it's not upto code. Your city inspector is terrible at their job!
man if I'm going to pay that much for rent I might as well just buy a house and put it toward a mortgage. that is absolutely ridiculous.
How many people can afford to get a $350-500k mortgage.
@@fatmanchew909
The average household couldn't get a bank to approve a loan on amount and today rates forget about it
People can’t afford it man that’s the point of why they’re renting clown
You can buy a mansion with7k per month.
Then why doesn’t he? Oh that’s right because he doesn’t want to leave
Pause @ 3:17 , that should solve the mystery. The rent raise was a method to vacate the property!
The owner should have the rights to do whatever they want with the property. As a renter you should be aware of the risk of your home being transient and not somewhere that should be permanent. My former boss was a know it all but he rented and loved the place but was forced to move because the landlord wanted to sell the house. He knew he couldn’t complain much because he was aware of the risk being a renter and found another place to rent.
What the people are really saying is, "We want our property back." It's unfortunate that they didn't give this man more notice. I'd be renting myself a storage unit and finding a cheap hotel room until I could find something affordable. Seems like it's getting very tough for renters. Sad situation.
Most people didn’t watch the entire video and just assumed it was an evil landlord. Not an elderly lady going blind that needs her place back…
Agree with you 100% it is hard for renters but not impossible. He just doesn’t want to move cause he’s lazy especially if chap is willing to do $3000 in rent.
Wont b suprised if a renter just snaps on a greedy landlord and makes headline news.
You're kidding right? They literally said the elderly owner wants her house back yet you comment as if you "read into" this deep "conspiracy" with your use of "quotation marks" they are simply using the only way allowed by law to get their property back. It's a shitty situation but so the fuck what. It's her property. More notice would have helped when the tenant has been not paying and fighting it for 6 months......yeah the logic is strong....OR you don't pay attention to facts, you act off of emotion and comment without knowing what the fuck you are talking about. Cudos to you, you are part of the problem.
It's getting tough for home owners as well. If the rent is too high he was given 60 days notice of the increase and he can move. 🤷♂️
@Pork n jeans where? The most undesirable place in the country?
Price gouging unacceptable!
What does the landlord think he's renting out, a 3 million dollar mansion? People need to wake up, this is why I don't rent anymore and found myself a little house to purchase.
Keep on fighting. This guy is helping us the working class,
That's crazy! There needs to be a law stopping landlords from raising rent that outrageously!
This is what you get when you SCREW landlords with eviction moratoriums....
Where were you when landlords were forcing to foreclose their properties cuz tenants didn't wanna pay rent and lived on their properties for free for 2 years? LOL Karma's a BITCH. :D
@@midnull6009 and I was renting my home where the landlord not only did not raise my rent but also said to let them know if anything happens with our income!
@@jenniferking4682 because you are a good tenant, it goes both ways. Good tenants are VERY few in between.
@jennifer k A law like this could backfire those who favor it. Let's say I was a landlord and somebody made it to where I can't raise rent as high as I want. Now, I'm leaving. If nobody takes my place, the people that pay rent will have no choice but to leave and rent another apartment.
I agree 100%
The owner wants the house back. You got to move out. It isn't yours.
Landlords are acting like pure dogs now. What has happened in this world? The amount of greed is just cancerous
We living in a Senior Apt, the Rent been going up everytime we have to resign the lease.2 bedroom went up this year over 200$,1 bedroom 100 $ ,this year I heard it will go up 165$ more that be over 1200dollars carpet is 10 years old everything is breaking down, trees are Dead. Old people can't afford it. Something needs to get done the building Las Vegas Nevada for the Rich.the Landlords are greedy no Heart, they do not care people living on the street. Thank you
I did the same for my 7 properties I had 2 years of renters not paying and now all renters will pay for those 2 years of no payments
And so you know all 7 renters now are from California so I don't care or feel bad
What if 1 had paid? Would you still let them live their at the set price? And I’ll add if you had a mortgage on any of those 7 houses you owe then you were mortgage free for awhile too.
My landlords didn’t raise my rent during these trying years. I’m grateful to them every day. When we first shut down i told my landlord id still be paying rent. And I did!
Throughout the years I’ve added features to the house like ceiling fans, security door, new Facets, new toilet bowl, had carpet cleaned, painted, n plan on doing more…. Yard n new screens n shutters, stove, dishwasher, etc!!
It’s because When i first moved in they said…. ‘This is your home! Welcome home!’ And I love them for their wonderful kindness throughout the 10 years I’ve lived here!!
Capitalism is what the United States of America signed up for. No need to feel bad. Make that money
@@redankulous69 *"Capitalism is what the United States of America signed up for. No need to feel bad. Make that money"*
So Stupidlak locks down the economy and imposes an eviction moratorium for close to a year. The result is massive economic loss (especially small businesses), a significant period of mass unemployment, mass rental squatting and shortages (a lot of which stems from early retirements by the boomers). However, that is the fault of "capitalism?" I guess in the lefty mind, free enterprise is responsible for everything-- even the sins of socialism.
You could’ve applied for CHAP and they would’ve covered your tenants back rent.
So, in other words, raise rents to a point where the average person has to move out because THERE ARE PLENTY OF PEOPLE LINING UP TO MOVE IN AT THE HIGHER RATES. Sure.
They're called Californians. Wherever they move, rents go up.
@@bonniecurrie4906 Fucking parasites, Californians.
@@bonniecurrie4906 can’t hate Californians for having cash. It’s the renter that has the issue. Greed!
Greedy
With apartments at capacity landlords are taking advantage and price gouging . What's even more crazy is in the next ten years there will be more homeless people then any era in history. Just sad how inhumane and selfish we have become today
that what mine is doing
Not all of them who raised rent did so to price gouge. Many were cheated out of rent by people who took their stimulus checks and bought TVs instead of paying the back rent. After three years of this, some landlords may owe back payments of 70K-100K on their property mortgages. The government took care of everybody but the property owners, so to avoid losing their properties to foreclosure, some property owners are now charging higher rents so they can bring their mortgages to be current again.