Menifee one of the worst cities for renters in U.S.
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- Опубликовано: 18 сен 2024
- It’s no secret that rent rates in California are higher than most other states, and new data shows that the majority of the worst cities for renters are in the Golden State. Shelby Nelson reports for KTLA 5 News at 6, Mar. 12, 2024.
Details: ktla.com/news/...
KTLA 5 News - Keeping Southern Californians informed since 1947.
NOT JUST MENIFEE, IT'S THE STATE OF CALIFORNIA.
Yup it's CA, especially Ventura County. It's sucks because it sky rocketed from 2014 and it's unreasonable.
@@ZaterahUniverse thank the democrats and sjws.
@@gminerrThank all your software engineer and big tech companies
30%? everyone i know is at 50%
They said more than 30%
@@MichaelHemotoxinI think that's Scarlett's point. Many people aren't just spending more than 30% they're spending 50%. So they're even more rent "burdened".
damn. I spend close to 70%
When I lived in Cali I knew my first two checks of the month were guaranteed for utilities and rent. The other two weeks were gas, food, clothes, cellphone and maybe like $150 for myself 😅. The following month the cycle started all over again for two decades.
Now I live in Phoenix. I spend about 25-30% mortgage and utilities and the rest is going towards investments. So far I've bought one 100k lot of land and have put 35k towards 401k. In only 4 years. Cost of living is better, not great tho.
So cal rents definitely around 50% thats why its impossible to save.
I live in Menifee and the city is growing a bit too fast. Major housing projects and hardly enough apartments. We have too many single-lane roads as well. What really happened was investors bought up all the houses and are putting them up for rent to those who are not qualified for a mortgage, but will make them pay 1.8 times the price.
Homeownership rate is only about 40%-45%. The rest of 55% are sold to realtors and investors.
Newport and the 215 is a dumpster fire
Warren Buffett also started buying up Trailer Parks. They don't want affordable housing for anyone.
They just keep building more and more homes here in Menifee. Moved here over 7 years ago and it was so quiet and peaceful. Now the traffic is so bad especially on Newport Rd. Even McCall Blvd is bogged down with traffic now.
Open border policies combined with inflation and high interest rates is a landlord's dream
ENough with these news reports... maybe addressing why... actual research... like foreign investors and corporate investors keeping houses vacant and rent high??
You forgot corruption
Interesting point (corporate buying of homes for sure). But it's all supply/demand....
Greed.
Totally agree
cough you forgot government, which include laws,red tape and restrictions
This is dumb they’re talking about income ratios.. people don’t make 💩 in Palmdale or menifee.. California is just ridiculous nuff said
Right. Add to the fact that investors own many of the huge number of 55+ homes of which those people are often retirees and on limited income. Skewed numbers for sure
Maybe renters but plenty of homeowners are making 6 figures in Palmdale. This city has a lot of hardworking people that strive for a better life. Not everyone is making ends meet out here lol
Most people are not making 6 figures in Palmdale 😂
Menifee's primary employment is Food Service and Retail.....Most people commute a fair distance away for work
When I was a kid, my parents were mistreated by landlords, which came to an end when my dad was promoted to Sous Chef at work and started buying up old houses. I inherited his homes, and I vowed never to be a jerk of a landlord. All my tenants pay around $1000 a month less than the going rate. When they call about a fridge on the fritz, an AC that doesnt work, whatever, I take care of it immediately. I once built a Hobbit House playhouse, complete with round door( it was hell finding the door hardware), for the kids of the first family I rented to. I dont want anything to do with the greed. The rentals are paid for. My own house is paid for. I dont want to add to the misery. I make a good wage and expect a really good pension when I retire and the rentals give me a good extra income.
God bless you and your family
❤️
Most landlords have mortgages and depend on rents to cover it . Taxes go up as well as maintenance. We all wish we could afford to be like you
Most landlords have mortgages and depend on rents to cover it . Taxes go up as well as maintenance. We all wish we could afford to be like you
🤪🤪🤪🤪🤣🤣🤣
Wow - $2,500 for a 4-bedroom home? In La Mesa we were paying $2,500 for a cramped 2-bedroom apartment. I'd say Menifee is definitely NOT the worst.
I would have told you this msyelf for free without an expensive study.
but then how would the talking heads justify their existence?
If you're an illegal it's a fast track pass
Another high school class clown😂😂😂
@@michaelhale442open border policies combined with inflation and high interest rates is a landlord's dream
Yeah, I usually believe everything random people on the internet say. Who needs studies? We have random, highly intelligent individuals who know the answers for everyone else.
A 4 bedroom home for rent at $2,500? Sounds like a steal in Menifee. A 4/2 is more like $3,500-$4,000
If the home is under 10 years old and brand-new, then yes. The older homes do go for $2,500 exactly.
It’s actually amazing compared to a 1 bedroom apartment in LA
It's people like you that say that it's reasonable that screw. Everything up
@@seancowhie6951 I'm joking while spitting facts. What I said is factual though
I agree! I’m renting in Winchester and paying just about $3,000! I’m fortunate to be able to pay it but still wish I could pay $2,500!
Get out of California it’s overpriced, crowded and expensive 😢
this is what im working towards right now im a student barely living off 100 bucks a month while living at home I am desperate. I get better offer for jobs in the east coast that's sad. The only jobs I get contacted about here in socal are healthcare jobs paying less than del taco lmao
Go where
@@jennywinter3025another state
Agreed! Leave!
Well it's not Alabama, Kansas, Oklahoma, Mississippi, or Ukraine.
Come to OC, and a 4 bedroom 2 bath house in the ghetto is 3500+ minimum.
Yup, and that's Santa Ana! Irvine will run closer to 6K @ month
@@kendallevans4079
There was a listing on Zillow a while back for a part of Irvine that borders Newport Beach. This listing was for one of the estates on top of a hill and had a 360 view! It was something like a 4 bdrm 7 bath 6000sqft house! They were asking $42,000.00/mo!
Currently on Zillow - 63 Vernal Springs, Irvine: Monthly rent: $28,000.00, Deposit $56,000.00 for 5500sqft 5bdrm 5 bath house on top of a hill!!!
Imagine getting a cashier's check for $56,000.00 + $28,000.00 1st mo. = $84,000.00!!! 😮😮😮
@@LWRCI think there's a limit of like 10k on cashiers check for most places.
@@secretsauce4530
Actually, I meant a bank check! That amount can be larger!!!
He owned 2 homes. That doesn't sound right. He could of held onto one and sold the other. He's full of it.
Some people make stupid decisions
The bank owned his homes and kicked him out
Honestly. No one owns a home, perhaps property tax was too high, insurance,up keep etc…
He's part of the problem
Hes a raider fan what do you expect
Look into who actually owns the homes...
CCP and black rock
What difference does it make?
The difference is that the homes are owned by corporate investors who buy the homes for cash and then rent to people for ridiculous prices. Corporate and foreign investment in single family homes should be outlawed.
@@marks.9879 There is nothing illegal about it. Buying houses is like buying anything else (car, boat, tv, etc.). The government shouldn't have the power to limit what you can purchase.
Probably isn’t you I’m guessing
The greed is incredible!
A combination of private property owners, corporate owners and Wall Street investors are creating this nightmare!
Democrats
@@jackmeoff9299ugh my milk spoiled! It’s the democrats fault!
@@Bluespicygreen I'm a landlord so I can tell you why rent is high it's combination of open borders too many people too fast created a housing shortage combined with high inflation and high interest rates make it nearly impossible to make more rentals
Blame it on the Juices.🥤 They are the ones hogging our wealth and money.
@@Bluespicygreen if your milk spoiled it's probably cuz you couldn't afford the electricity to keep your refrigerator as cold as it should be so yes that would also be a Democrats fault
$2500/month barely gets you a shed in a backyard in San Francisco. Menifee is actually one of the most decent city in Commifornia.
Seek assistance, she said. Low-income housing. Go ahead and find out. Good luck with that. You call, and either the list is open and the waiting time is plus ten years, or the waiting list is closed, and you ask when it will open, and all they say is that there is not an exact date; it can open anytime.
My grandma applied in 2010 and got approved in 2022. She got approved 2 months after she passed away.
The back log is horrible
Truth❤
That’s me on the interview were do I seek help
Same problem in Maryland too
Owned 2 homes... now he's renting. Im calling BS on that one
Exactly if he owned two homes, he should be a millionaire right now...
Yeah made no sense.
Heard of people selling their houses during the peak time and complain about not being able to afford to buy a house now since the interest rates went up a lot. I laugh at them for their bet on house prices dropping and interest rates staying low.
Considering he has been renting for at least 15 years would mean he probably lost his houses during the market crash of 08. I know a family friend who at one point had 3 houses and ended up loosing two… not hard to believe
He bought them with a subprime mortgage in the early 2000s - not that hard to understand - I know family in same situation that lost THREE homes
We sold our home in San Diego and moved to the Lake of the Ozarks, MO. 10 yrs ago. We bought our house for 160k w/a view of a gorgeous lake, 10 min frm an excellent hospital and several good schools. I ended up driving 45 min to work and would laugh when people complained about the "traffic." We both grew up in San Diego, but l wanted to live w/out struggling and retire before l was 70. There is life beyond SoCal and it's beautiful!.😎
What do you do for employment? In lake of the Ozarks. Curious what type of employment is out there? I'm not currently looking, but it is remote. I own a home on the Pacific Ocean. Costa Mesa Ca. Retired career electrician and my wife still works in escrow. She drives 8min. To work. 🤷♂️ 🤔☕️
The name of city itself ends in fee. Come to Menifee end up with high fee.
Ha Haha good one.
$ 2,500 a month for a 4 bedroom house it's not that bad , go further south to San diego and you can't even find a decent 2 bedroom apartment for that price .
Go north to Corona and forward and it's more expensive
so you interview a guy who once owned not one but 2 houses and now rents? Could it be that he makes really horrible financial decision, saw his equity go up and took a money grab for short term excitement and now complains that he is a renter. Buy a house you can afford and stay there, people who buy/sell to grab the equity should not be felt sorry for, they gambled and loss.....
You probably still live with your parents. Those aren’t the only reasons you could lose your home. You don’t know much about life just by your comment alone.
You could lose your home if the repairs, bills, taxes are too high. People don’t just make cash grabs. They probably had a decent first time home and then they bought a nicer one while selling the first one and then they got priced out. I know people who are paying 10,000 dollars in taxes per year for their new house because of the neighborhood. Imagine paying a 3,000 mortgage because interest rates are high, then on top of it you gotta pay the taxes: 833 dollars extra on your payment, pmi insurance, house insurance, then bills. You’re looking at 4,500 a month if not more, because everyone knows bills in LA are excessively expensive. You can’t assume people make cash grabs, you need to educate yourself first before you start throwing around accusations.
I heard the guy say he’s permanently disabled. Ever thought that maybe he had to sell his homes because he couldn’t afford them any longer?
Perhaps he and his wife experienced lay offs or cut backs during the C-19 and lost their home to foreclosure and.during that time, Newsom allowed renters to stop paying rent for 3 years and you couldn't evict them for not paying......What he is claiming is more than possible
The traffic is ridiculous in Menifee. I wouldn't live there if the rents were reasonable.
4 adults in one household: They can’t afford rent of $2500.
That’s a mortgage in most states,that’s expensive just renting lol
I was thinking the same thing. However, to you point. My co-worker and his family, is renting in Downey for $3K a month and he asked me for a raise during the COVID. I told him you should go work at In N Out cause they make more than you. He said, "really!??!"
@@sebastianliu2009 Wow
I have a neighbor he has three generations in his house ( btw i live in a nice neighborhood ) his family values quality of life and vacations over being a slave to a mortgage, its a shame that people have to do that. also, my first apartment in college in 1987 was $325 a month that same apartment nearly 40 years later is $2,150 there is no way peoples income increased with the rate of rent
@@ryanmaller636yes that’s right. I was paying that amount for first appointment in 80’s in SD
Landlords of private homes or apartments are just plain greedy. I was a landlord for over 20 years and "Never" raised the rent on my tenants, as long as they paid their rent, that's all I was concerned with.
My husband was a saint of a landlord, he paid the difference in the rent to the bank a couple of times when the tenant was short.
And, we were good landlords.
These landlords today are greedy, not only do they want their mortgage paid, they want their car payment, and their candy money from the tenants, shameful."
I had issues with my old landlord were i lived for couple years they would price the units that were available but weren't updated it was like they hired someone to do a mickey mouse job.. things start to break and we had to remind them multiple times to get someone else to take care of the problems instead they would suggest you to look for a different place to lived if we weren't feeling comfortable anymore that was the solution they had in mind instead of fixing the problem...
@@Justclutch Shameful and disgusting. When my tenants would call and say something needed fixing, since we lived out of town, we would tell them to hire someone to fix it, deduct it from the rent w/receipt and everyone was happy.
That's how you treat tenants, not like animals."
I pay 45% of my income on rent in Riverside county.
Yeah I laughed at 30% like they said
@@GG-tb4ruAs if things are that simple. If it were, most states wouldn't have problems
Around 50% here in LA
Only thing for you to do is make more money. How? For you I don't know.
Why? Its the desert and over 100 F in summer. You might as well move to Arizona or Nevada and live cheaper with the same weather. I live in Ventura which is where the California dream is. It rarely gets above 85 F in summer and below 50F in winter.
It's not going to get better unfortunately. You have two choices: Move out or downsize.
joining a housing cooperative is another option. Low cost of economy of scale of a multi-family complex with the benefits of homeownership, namely that no one can jack up your rent
@@ConductorWHaP co-ops are few and far between and usually already filled for these exact reasons. This falls under both options given by @aristotlekumpis7095 anyway - you have to move out of wherever you are to move into such a complex, and you will likely have to downsize depending on the difference in size between the homes
A lot of people who move to Menifee already downsized or relocated due to housing cost.
How much further can you expect people to travel from their jobs ?
@@ConductorWHaPthose are great but they don't get built for free.
They usually require some sort of government support to build the co-op.
Then once it's paid off, then the residents are responsible for just pain enough to maintain the property.
The problem is there's hardly any political will to build that type of housing outside of maybe New York City and maybe Seattle.
Definitely not anywhere in the Inland empire.
Or two incomes.
I don't get it. Menifee and Victorville are out in the boonies so why are they worse than cities in San Diego county?
No jobs in those areas
Menifee is right next to Temecula, Murrieta and March Air Force Base. It’s also home to a large percentage of Active Duty and Veterans. Hardly the “Boonies” Victorville is in the middle of nowhere.
Since moving to Victorville almost 3 yrs ago, I have noticed many section 8 housing being cleaned up and becoming "luxury" apartments. Also, many homeowners that were renting are selling rentals and pushing people out. Its gotten pretty expensive when it comes to housing. I thought I was going to pick up another property up here but the house prices just keep going up.
Menifee is NO where near Victorville ....hello.
What are you talking about? Menifee is right next to Temecula Murrieta, Moreno Valley and Riverside, hell Oceanside and Carlsbad are just down the 15 freeway…. This are is so damn crowded…. The problem is the banks own the homes and the contract property management firms to rent them out…. Hemet has the cheapest rent for apartments, most are 1500 to 1800 for a one bedroom
Stop complaining….Homeowners have to pay high taxes, high insurance, and high maintenance costs. It’s unfair to just reports on the renters side.
????? Renters don't get the advantage of tax credits or mortgage interest write offs. Only owners get the benefit of creating equity.
Definitely right! Florida too has horrible property tax laws for rental properties. Property taxes alone will keep pushing rent prices higher. Not to mention insurance costs.
If it's better to be a renter, you can always sell your home. Every bit of money you put into your home builds your own/wealth investment. When you rent, all of your money goes to build someone else's wealth/investment. Get some critical thinking skills before trying to play victim
@@jennifermarie3158It depends. If you're a job hopper or going to school and you need to relocate, then rent. If you want to settle down and start a family or just plan on staying in one location for 5+ years, then consider buying. Going through the buy/sell process too often will cost you in closing cost and agents fees eroding your equity.
Don't forget the scams!
Renters LOVE to play this little game of "My family member will be moving into the home so you must vacate"
But they just turn around and rent it out to someone else for a much higher price.
There are laws against unfair rent hikes, but they don't apply to vacant units.
So by kicking out the current tenant with a false pretense, they are able to jack up the rent and do it again to the next renter.
There is nothing illegal about it
That’s being smart
@@The81titansSo you’re in favor of displacing a family to make a profit. That’s just. Wow.
They are mostly likely not getting rich. You’re paying the mortgage, insurance, repairs and maintenance, and taxes which are several thousand dollars a year.
You can raise the rent whatever you want if it's an extreme amount you usually have to wait about 3 months
As a landlord, we pay taxes, insurances, mortgages, maintenance and accept all financial liabilities. I say to renters, find a way to buy your own house.
That's easy for you to say. Buying a home in 1970 cost 3 times an individuals annual income. In 2020 in cost 11 times. It's simply not within the reach of the majority of people. Even those of us with decent professional jobs.
UN Agenda 2030...do your DD and learn.
@@pseudobeast4653There are less expensive states to live in.
@@pseudobeast4653 what he is saying is right, taxes are crazy high, I get a letter for escrow shortage yearly now versus 20 years ago when i would get one every 10 years, Insurance keeps going up and up most insurance companies left california due to wildfires and earthquake insuance the owner has to foot that bill and is forced to gpass that to the renter, owning a home at least the only thing that goes up is escrow and proterty tax
@@pseudobeast4653 good point. I agree, but I never had decent jobs, nor a formal education. I worked hard, managed my money and bought real estate. Nothing came to me easy, or free.
‘Owned two homes’ but was priced out? How does that work?
Sounds like homeboy sold them and didn’t think of the effect that would have on him later…
We don’t want rental communities in our city
yeah, sounded off...if dude owned two homes, there's no way he should be renting...he probably blew the money on plastic surgery for the wife
@@neckarsulme I’m almost certain he wasn’t smart with it.
Why not sell one and keep the other. Makes no sense but people always want others to fix their problem.
i hear chatter from the folks when I go walk at the park people saying they want to buy second, third, etc house. But the community here are a bunch of households where it's 2 bedroom houses but 100 people living in them.
@@zensoundsarah9209 we’re in a 4 bedroom house with two people.
I love my neighborhood and won’t ever sell my house but I do admit the ones that have 8 generations living in them need to get their act together. You have like 20 people living in a small to medium single family home and are still struggling? Something ain’t right and it’s not the price.
He blew his money on the local casinos
And they will still vote for Gavin Newsom no matter how much he will raise rents in the state of California.
🎯
There are more layers to who is in charge than just simply the president or governor.
$2500 is a good price for a single family home, where I live that house would be going for $6-7000. Here, $2500 gets you maybe a one bedroom apartment but more likely a studio.
They make much less
That’s how it is in NYC! Originally from California
so you went from the frying pan into the fire@@javiruiz8365
I live in Menifee and have no idea how it got it so cheap! A 4/2 rental in Menifee is more like $3500-$4000. He's complaining when he doesn't know that he's paying "cheap" in Menifee
@@linger4605 If the house is built before year 1995, then $2,500 is the correct rental rate.
I've been watching Menifee for renters and they have skyrocketed in rent! Shameful
If he owned two home , he didn't get "priced out".
He either over mortgaged the homes and lost them or sold them and wasn't wise with the proceeds.
This was the wrong "victim" for this story.
A 4 bedroom for $2500 is cheap.
That first man USED to own 2 homes but now is renting? There must be a story behind that.
Adjustable lending from crooked banks during 2008.
2008 recession
Me and my wife used to have like a big safety net. But our car that’s payed off has had so many issues expensive repairs it took all my savings.
Paid
I live in Warwick RI and I pay over 50% in rent. I pay $1795 for a one bedroom apartment.
Exactly! What is this guy complaining about, he doesn’t even work!! What does he expect, people have gotten so greedy and selfish and expect the world to bend to their needs. $2500 month for a 4 bedroom house in LA is not a bad deal! He’s in LA!!! Where I live in northern CA, a 4 bedroom home is minimum $3200.
Thats why we need rent control.
Too many foreign investors is the blame. About 75% of the homes that have been sold on my black alone have been purchased by investors and they rent them out. The house across the street from me has 6 (that I have counted) adults living in it. I’m sure it’s the only way they can afford the rent. When we had our house for sale, all the offers we received were cash offers from foreign investors. Due to the high interest rates we didn’t end up selling. California needs to stop this madness.
It's NOT just California
lol at 60 yo guy saying hes ready to buy a home. bro its over. houses are at an all time high mortgages are 40 years 3-5k a month now. its to late.
It's never too late to buy a home. You just need to move some place far, and build the economy there. Like Barstow, CA is ready to go after high-speed rail opens with a stop.
@@waltchan if you are going to be paying the mortgage till the day you die its to late.
@@waltchanTed Kaczynski did that!
@@WhiteGravey Either mortgage or rent, so with a mortgage, you may get some tax breaks
California rocks! If it didn't, real estate prices would plummet. Go move to Texas or Oklahoma and you'll be scratching and clawing to come back and crying like a baby.
Yep! Once the bad weather and mosquitos attack.
Once gone = possible return gone.
@@mikejohn0088 Yep! Once you sell out of California, it's very difficult to buy back in.
@roger17365 I have people who sold their property in Perris, California, and moved to Pennsylvania. It's been a couple of years, and they want to come back. It's not that easy to buy back into California, though.
The grass is always greener when you are not walking on it...BUT beware of the snares that await.
What is it that Democrats always say: Everyone deserves to pay more.
Dumb comment
YAY COST BURDENED!!
#FJB
So Republicans are suddenly commies now?
Menifee is a Republican led city.
Wall street is becoming the biggest "landlord" in America. It's only gonna get worse.
In Victorville, I’ve seen homes rent out for $1800, $1900. Here’s the problem with that price: you have over 50 applicants wanting the property at that price and can only choose one family or person(s). Sometimes such price instigates a price war between renters. The housing shortage is a HUGE HUGE problem.
At this point, who wants to live in CA? I guess people with limited resources are just stuck there. But if you live there, you should try and get out.
Nah, I just moved back to SoCal after living in Vegas for years. I'd rather spend 1k more on rent in SoCal than vegas any day of the century.
Better schools, better life, better weather, doesn't smell like piss and poop all day, isn't as fake as vegas, isn't as dangerous as vegas, etc.
The only real savings you get in Vegas are in rent. Everything else that matters is pretty much the same cost wise.
Granted I'm lucky and worked my behind off to make a lot of money in last year and now primed to buy a house before years end but I'd rather live in SoCal than vegas any day.
Well stated condition of reality Dan!
@DaniMrtini OK you are comparing one city to another (and Vegas is a weird city to live in). And I guess schools are good in SoCal if you like your children being taught ridiculous lessons on white people being evil and that there are more than two genders. Most rational people don't want their children being taught that.
And I'm glad you made a lot of money last year, so is the California government...
$2,500 is not even close to being expensive in this region, then there is the fact that Menifee is in the middle of nowhere with the exception of a handful of surviving horse ranches. Go South or West or North, and you will pay many thousands of dollars more per month.
The people chiming in to leave the state, and go where, Austin, Miami, Denver, New York, Seattle...they are all expensive places to live, most a great deal more expensive than Menifee.
Menifee has poor job prospects and there is next to NO entertainment...It is definitely a 'Bedroom' Community. However, it is very safe, Good police force,,,,good schools, good medical, lots of Fast Food Joints and nice casual dining......
It EARNED that title. It attracts the workers that keep San Diego, Orange County and Los Angeles functioning. Home prices there are just a little less expensive than in major cities but it isn't worth the cost of the commute either
until remote work happened. then it boomed like crazy - and now the locals have to compete with high earners from the big cities that are moving to the inland empire. Otherwise, ya I have a colleague who did the commute between Menifee and San Diego and he got to enjoy a 5 bedroom house with a pool for the same price that a 3 bedroom house gave his family in San Diego. he opted to move back to San Diego because he lost 10 hours a week in traffic that he could've been spending with his family. the costs of living in the Inland Empire are all relative.
edit: and why have a pool when you have the beaches of San Diego to play in (he's a surfer btw)?
Gas prices to day $4.79 to $5.19......Menifee
@fredmckibben6872 cost of fuel, wear and tear on vehicle, mental health, loss of sleep, insane traffic, and time lost from family
2500 for a 4 bedroom?! Sign me up asap… stop crying. That’s what we pay for a freaking outdated 1 bedroom apartment on the westside. Smh
It's ridiculous how high rent is in California,,,L.A IS SO HIGH ITS IMPOSSIBLE TOO SAVE MONEY !!!!!!!!!SMH
It's very possible to save money if you're not shopping for material items everyday.
Rentals are always higher where poorer people live in relation to their income…if you make less than $125,000 you are poor.. my friend took their son 7 year old son to Disney Land last for four days cost them $5,800.
Looks like they interviewed people in front of the 99 cents only store. And I saw Shelby Nelson doing her reporting on Winter Hawk Rd.
Thanks Mr. Newsom
$2,500 for a 4 bedroom home is not bad at all. Quit complaining.
How stupid is it to price out a good long term tenant ?
$2500 isn't nothing,In Orange county. You're looking at $6,500 single family home.
La Jolla you’re looking at $2500 for a one bedroom apartment 🤷♂️
Probably more La Jolla actually. East San Diego is 2400 for a 1bdr
I thank God I made a smart choice when I did. I pay a bit less for a 4 bedroom house on mortgage
Little extreme there. I'm in Irvine and a SFD will run $4,800.
@@therealdealclass101Many of us did. We don't feel the need to tell the world.
How is possible when the checks look the same but everything goes up it’s crazy make it make sense 💯
Price gouging and lack of a Housing Authority.
It's scary how many people are just one missed payment, or one catastrophic accident or lawsuit away from penury.
Sounds like a Joe Biden paradise to me.
Petition to recall Newsome ends in May..
Who controls the count? Anyone home?
im not a fan of Newsome but Newsome has nothing to do with this, as a person that owns rental property this is how it works, everytime someone gives notice to leave your property you look at what others are renting for and you adjust your rent to match, if the other renters keep raising rent then you do too, thats the game, no one wants low rent tentants
Wait, a silly right wing political hack didn't take the opportunity to blame Biden for home prices?!
They still used their victim card to blame a Dodgeville different liberal but impressive they were able to hold back the Biden blame in an election year!
🤡
@@ryanmaller636Newsom has a lot to do with it. He brought lots of illegal immigrants and we have a housing shortage. Ones that can't afford housing gets state subsidized housing for 33% of their income, regardless of income level. These people are renting a house in LA for dirt cheap by lowering their income by working under the table. Of course some people are going to be pushed out.
Thank you Mr Politicians for revoking rent control 😢
from $1100 to $2500,,wow your landlord should be ashamed
That landlord is creaming their pants, the whole point of being a landlord is to extract rent from peoples' needs to live. Thes landlords are doing quite well for themselves at everyone's expense
They don't gaf.
over how many years? rents go up due to inflation and supply and demand. If you ran a business providing X and your costs went up 20% would you just eat it out of the kindness of your heart. If people were clamoring to buy what you had to sell would you just sell it the same price you always sold it at? How would you decide who gets it? How about the people who will hoard your product and make a profit off of it, making you look like a sucker and essentially taking food out of your kids mouth? If you want to have free housing feel free to build it yourself and give it away.
@@ConductorWHaPyou’re absolutely right, I own 3 houses in California, and I’m making a killing!
I love capitalism.
2500 is pretty good forba 4 bed SFR. If you bought a 500k home in Menifee and put 100k or 20% down, your mortgage with property tax and insurance and current interest would be around $3,200
Rent for 12? Why not just buy, would of been half way through mortgage payments
Are you a financial advisor? Thanks!
I remember when I moved to Riverside in the early 90s (I was stationed at March), Menifee was tiny. I cannot believe it's grown so much since then.
He’s actually lucky it’s $2.5k especially in Menifee relatively nice area. If he wasn’t there for 12 yrs that would easily be $3.5-4k per month
Lol omg my comment is the exact same as yours 😂
He should apply for HUD housing. $2500 for a 4 bd is below market. His rent will continue to increase.
TEMECULA IS BETTER AM I LYING?
BETTER LOOKING.
@@fitnessloksterpn8bp either way its true
You are 30 minutes slower after you pass pachanga . Do it
But, is it cheaper?
With the same rental rates, you can rent a new house near UC Riverside instead, called Spring Mountain Ranch community by KB Home, while being closer to Los Angeles. It's also known as the Isla Vista of the Inland Empire.
I lived here before, in 2019 i rented a 2 story house for $1650, by 2021 the rent was going up to $2350, thank god i was able to buy. Menifee is a nice city tho. I really liked living there.
Problem with Menifee is no jobs they all drive to Riverside , OC or SD
No change...it was a bedroom community since Boeing moved out.
2500 is nothing in San Diego
I retired from Caltrans
A few weeks later my landlord
Said she was gonna double my rent
So I moved to Texas and paid cash
For a small home.
So blessed
At least you were smart to move to an affordable state. Others just dig their heels in California as if it’s their only option.
@@MD-ky4ho
Yea I moved from a high price place to a lo price place. I have a niece who got divorced In
South Carolina and she moved to Marin Co CA.
One of thee most expensive places in the USA.
She ended up homeless living in her car.
"He once owned 2 homes", why doesn't he own one now??? What's his disability? I was 35 and had by-pass surgery on my right leg and my surgeon wanted me to retire and go on disability. I refused and went back to work!!!
35 is fairly young that man is clearly not in his 30’s
@@LC-xn4dpthat man is clearly not old I see old people twice his age still working he’s just lazy
You are few in between Rick! Shalom!
Lets cut the crap. They are not spending 30%. They are spending over 70% of their income. Lets just be real
Landlords are gouging renters, they pay 1400 for their mortgage, charge 2k+ for rent and god forbid you ever ask them to fix their houses which are falling apart after 15-30 years of being rented out
There is nothing illegal about it
Sadly, $2500 is pretty low even in Menifee.
Thanks gavin
This is the same in most big cities has nothing to do with you can move to Alabama it’s cheaper
California should be ashamed of itself
I’m buying a brand new 4 bedroom home in Buckeye AZ my mortgage is 2,100 and it’s MINE!
Omg but you have to live in AZ where stepping out in the summer can kill you in less then 5 mins . No thank you
The IE is higher than anyone can afford out here. I’ve been priced out and I make 60k a year and my wife makes 75k we can’t afford a house and we make over 135k a year
Yeah I have no idea how people make it. I bought in 2010 for 150k...same model across the street sold in February for 605k....no idea how that family will make that work
We need more control over the housing market too prevent landlord and renters can't inflate rent rates like this we need too stop this.
California needs to bring down property taxes and homeowners insurance and that brings down cost
Happiness is not living anywhere in CA.
and where are you Okie?
I live in the area and it's rediculous!!!! apartments cost more than rent on housing with deposit and first n last month rent due up front. crazy
Hang in there folks BECAUSE No-one is even thinking of Cali anymore. The young, artists, bohemians, anyone who wants to start a family and others are ALL Looking EAST. My friends it is already over for my Cali BUT don't take too much plunder when you leave HUH you barbarians YOU weren't really Cali anyways WERE ya.
😂😂😂
Take your meds, buddy.
@@citypopradioFM Forgive me relevant thoughts about the current situation in Cali. WHEN I was a boy Hollywood was the film capital now Georgia is When I was a boy LA was the music capital now Nashville is. WHICH is supporting evidence for my original post on the CURRENT trend ( really some 10 years) happening to So Cal. Now you suggest meds? for relevant thoughts that make my proposition truer than not. WHOA kid seems you better stop taking meds and start reading and looking around Cali.
With the same rental rates, you can rent a new house near UC Riverside instead, called Spring Mountain Ranch community by KB Home, while being closer to Los Angeles. It's also known as the Isla Vista of the Inland Empire for great Halloween nights by artists and bohemians.
2500 for a 4bed room is a steal in south florida 😮
12 years is where you messed up! You should have been bought a house 6 years ago
12 years ago, it was harder to get approved for a mortgage, actually, due to the 2008 recession credit crisis.
@@waltchan not really, my wife and I bought it 10 years ago, she worked in customer service and I worked as a service tech, together we made barely $95k and were approved. people get complacent in their situations and then complain.
If you “owned” two homes and now renting, then you’re the problem. Something isn’t adding up
This is How you can get priced out of owning a home, having a variable rate loan, or you have an escrow shortage every year, which due to high insurance and tax rates make mortgages rises at an alarming rate, my mortgage was $1,900 in 2004 i refinanced my loan to 3.1% that extended my loan but dropped my payment, NOW due to escrow shortages my loan is $2,444.00 just based on taxes and insurance rate hikes, if he lives in an area that has wildfires, high theft or earthquakes then he’s going to have yearly escrow shortages thus making his payment rise…thats how you can get priced out of a home…..you don't just buy a home and it stays that one price for 30 years
Just buy a house 🏠 in Las Vegas like everyone else.
That low desert heat is brutal.
It's also higher in menifee because it's much nicer to live in compared to neighboring Perris CA.
Bro, they went to find people shopping at the 99 cent store haha… I know that plaza
You Paying $2500 and you are complaining, my rent is $3700 for 4 bedrooms in Murrieta.
Well friends you can always leave Riverside County.
I packed my trailer up and left Homeland.
to where?
Respectfully, Homeland is unincorporated Riverside County.
price gouging is the trend right now, anybody with a second home tax 95% on the second home
If only there was some group of people that has total control in CA that we could blame this all on hmmmm
Why? It’s in the middle of nowhere.
I live in Costa Mesa, my mortgage is $6150 a month
can't believe Im saying this but thats not actually too bad...
😬
I live in Torrance and my mortgage is $1150. Rushing to buy at an overpriced time is like commiting a financial suicide.
RV living is the way to go. If you’re a single person
Thats alot for nowhere😅
BASED ON ACTUAL FIGURES PRESENTED ($2600 Monthly Med. Rent, 42,000 Average Annual (Gross) Income) - not 30% but 32,000 rent / 42,000 income = 75% of income goes to rent.
That is the price for the rent everywhere in California 😮
people lump California as all the same its not, there are affordable places in California, just not a lot of people like to live in those places