I Tracked Down My Anonymous Landlord... Here's What Happened.

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  • Опубликовано: 31 май 2023
  • When Chai Dingari's landlord abruptly raised his rent by 25%, Chai tried to track them down. What he found led him into the shadowy legal world of housing, where landlords hide behind anonymity to exploit tenants and keep rent high.
    We dug into how landlords use LLCs to conceal their identities and shield themselves from liability for not paying taxes or letting buildings fall into disrepair.
    But that could change. There are two bills going through the New York state legislature that could give more rights to tenants. The LLC Transparency Act would require LLCs to make the names of beneficiaries public. And the Good Cause Eviction bill would give tenants the right to remain-meaning they'd have the option to renew when their lease term is up-and put a cap on rent increases.
    Both these bills would be huge wins for tenants, but face a tremendous uphill battle.
    If you’re in New York, sign on here and tell your state rep to pass the LLC Transparency Act: secure.everyaction.com/CFn_MS...
    Also, if you are a New York state tenant, you can check to find out if your apartment is actually rent stabilized here:
    hcr.ny.gov/most-common-rent-r...
    Have a problem but don’t know how to reach your landlord? Here’s a way to find out where your rent goes and also to request repairs or report violations: www.justfix.org/en/
    Want to organize your building to fight rent increases or get improvements on the building? Tenant activists have made a toolkit and it can work anywhere!
    housingjusticeforall.org/wp-c...
    -----
    More Perfect Union is a new nonprofit media org with a mission to empower working people. Learn more here: perfectunion.us/
    Follow us on Twitter: / moreperfectus
    Instagram: / perfectunion
    Facebook: / moreperfunion

Комментарии • 8 тыс.

  • @chrispychicken9614
    @chrispychicken9614 11 месяцев назад +12778

    When a landlord can pay the rent and upkeep for a 63 tenant building off the backs of only 18 tenants there is something horribly wrong.

    • @travcollier
      @travcollier 11 месяцев назад +1557

      The paper value of the building is what matters to them. It is an asset that they use to get cheap loans which they turn around and buy more assets with. That's how being rich works. There's really very little of any tangible value in how they make money... Basically just moving numbers around and skimming off the top. Financialization is the fancy word for it.

    • @cetriyasArtnComicsChannel
      @cetriyasArtnComicsChannel 11 месяцев назад +345

      Especially if they've owned the building a long time ago and don't have that on a,. This is essentially making sure that inflation doesn't eat up their money. They really don't care about the tenets or why the building is dilapidating

    • @yourgodismean4526
      @yourgodismean4526 11 месяцев назад +64

      That is such an excellent damn point

    • @treygarver7791
      @treygarver7791 11 месяцев назад +69

      Is the landlord just holding the building to eventually tear down and build something else there?

    • @andrewferguson6901
      @andrewferguson6901 11 месяцев назад +240

      ​@treygarver7791 that's one way of doing it. Increase rents steadily, never spend on upkeep, squeeze and squeeze until it's entirely unlivable then sell the land to a developer to build a shiny new building on the lot

  • @badsamaritan8223
    @badsamaritan8223 11 месяцев назад +9439

    I'm 100% convinced that landlords are hoarding property for the sole purpose of creating artificial scarcity.

    • @BenjaminWalburn
      @BenjaminWalburn 11 месяцев назад +664

      That’s part of it, yes. It’s not a controversial statement for anyone but the fools who try to justify the system against their own interests.

    • @junkandcrapamen
      @junkandcrapamen 11 месяцев назад +427

      I agree. And, also, insanely ... in any big city there are hundreds if not thousands of investment condos sitting empty collecting dust while thousands sleep in the street or shelters.

    • @luisaguilar5343
      @luisaguilar5343 11 месяцев назад +40

      BINGO

    • @CPB4444
      @CPB4444 11 месяцев назад +78

      ​@@luisaguilar5343 Bingo bango bongo I'm not happy in the jungle because I can't afford my rent no, no, no no!

    • @NathanHedglin
      @NathanHedglin 11 месяцев назад +153

      Government zoning and people voting against additional apartments because they don't like poor people is a major factor

  • @thevinyltruffle
    @thevinyltruffle 10 месяцев назад +1702

    I love how the generation that’s always talking about “bootstraps” is the same generation that got housing, education and lifesaving medical technologies for dirt cheap and then turned those things into the most broken for-profit systems imaginable.

    • @growlith6969
      @growlith6969 10 месяцев назад +77

      They also had this saying that goes "if you can't beat them, join them"

    • @milokiss8276
      @milokiss8276 10 месяцев назад +65

      Yeah. They worked hard on making the market impossible for everyone. Obviously that means they deserve the fruits of their labor :^]

    • @iLikeCoffee777
      @iLikeCoffee777 10 месяцев назад +84

      Fun thing about those bootstraps: the original usage was used to describe something that is literally impossible. Because of leverage angles, pulling yourself up by the bootstraps is literally physically impossible.

    • @gavinchaston8105
      @gavinchaston8105 10 месяцев назад +10

      How else would they make profit if not by taking advantage of what was given to them for free? Capitalism runs on capital.

    • @Do.Christ
      @Do.Christ 10 месяцев назад +2

      @@iLikeCoffee777 And this generation is doing the same....

  • @Cyberfoxxy
    @Cyberfoxxy 10 месяцев назад +864

    The anonymity is really the problem. They can blacklist you personally. For life. But you don't even get a name.

    • @josephmeholick1300
      @josephmeholick1300 10 месяцев назад +19

      shouldn't be able to hold on to the property without being liable for it. since if some one dies when the building falls apart you can't just laugh it off.

    • @nightingale7178
      @nightingale7178 10 месяцев назад +4

      explain to me how it is fair when the cost of living is over 15% per year but I cannot raise tenant's rent by 10% per year according to the stupid california law.

    • @verakoo6187
      @verakoo6187 10 месяцев назад +36

      ​​​​​@@nightingale7178 so what ur saying is u want to be able to increase rent 15% a year because ur cost of living is higher, and u dont see the problem with that? How to make sure ur tentants cant afford to live in 1 easy step. If ur cost of living is up 15%, so is theirs, and raising rent by that same amount then makes their cost of living now 30%+ higher.
      If not raising their rent means u cant afford to live, how do u expect the people who have to rent from u to afford double that amount? If this is the case then u dont need to be a landlord and should probably just sell the property to buy a sandwhich. Instead of forcing people into homelessness.

    • @arkrules8557
      @arkrules8557 9 месяцев назад +5

      BlackRock is not anonymous

    • @ShibbirAhmadOfficial
      @ShibbirAhmadOfficial 9 месяцев назад

      ​@@verakoo6187if you cannot afford, it is may be time to move to a cheaper place. It is the economy that is fuc*ed. May be it is also time to raise your income/salary.

  • @kellymoses8566
    @kellymoses8566 10 месяцев назад +3466

    Automatic eviction if you cite legal code is absolutely insane and should be illegal as hell.

    • @EliAlexanderClark
      @EliAlexanderClark 10 месяцев назад +87

      Eviction process takes months. MONTHS if not often years if you pay intermittently.

    • @TheGlock30owner
      @TheGlock30owner 10 месяцев назад +198

      That wasn't an eviction, it was a notice of lease non-renewal. These are very different things.

    • @NathanielCoran
      @NathanielCoran 10 месяцев назад +2

      ​@@TheGlock30owner Let he who licks the boot of power with a tongue full of legal technicalities lay beside his masters on the guillotine

    • @Ddub1083
      @Ddub1083 10 месяцев назад +90

      they werent evicting BECAUSE they cited a law, they were giving notice of non renewal of lease... in accordance with the law they just cited at them.

    • @CZghost
      @CZghost 10 месяцев назад +173

      @@Ddub1083 The thing they talked about was the tenant blacklisting. If you speak up, you may end up in a blacklist, which basically means that not only your rent won't be renewed and you'll have to move out in a certain time, it would be very much harder for you to get a new rent, because landlords could simply look you up in the blacklist, and find you there, and they could simply say sorry, we won't rent you, because you've been blacklisted, we don't want any problems, obviously you wouldn't get blacklisted if you were following housing code, and we want to avoid getting into trouble if we were to rent you an apartment. So if you can't find a new rent in that 90 days notice period, you'll essentially be homeless. And that's the issue they talk about. And New York City doesn't really treat homeless people really well.

  • @zencat55
    @zencat55 11 месяцев назад +3695

    Landlords should certainly not be allowed to operate anonymously - that is total BS.

    • @littleredpony6868
      @littleredpony6868 11 месяцев назад +139

      i agree. you generally don’t see landlords with 1 or 2 rental properties operating anonymous

    • @ohiasdxfcghbljokasdjhnfvaw4ehr
      @ohiasdxfcghbljokasdjhnfvaw4ehr 11 месяцев назад +404

      Businesses should not be allowed to own residential property. Houses are for humans, they should be owned by humans.

    • @GamingPandaCat
      @GamingPandaCat 11 месяцев назад +144

      Unfortunately all of us who are renting are basically paying for the lobbyists who will make sure that never happens.

    • @jacobnapkins1155
      @jacobnapkins1155 11 месяцев назад +40

      Yeah for real they gonna create all the homelessness than make everyone else deal with it.

    • @trappedinamerica7740
      @trappedinamerica7740 11 месяцев назад +35

      @@jacobnapkins1155 that’s happening now

  • @yournan6546
    @yournan6546 10 месяцев назад +322

    I cannot appreciate enough the irony of a law firm being used to issue an eviction for citing legal code.

    • @Ddub1083
      @Ddub1083 10 месяцев назад +4

      they werent evicted for citing legal code. they were given a notice of nonrenewal of lease... in accordance with the legal code cited.

    • @yournan6546
      @yournan6546 10 месяцев назад +11

      @@Ddub1083 That makes sense, it is still a dubious practice when a lease is not going to be renewed because your tenant is legally aware.

    • @Ddub1083
      @Ddub1083 10 месяцев назад +3

      @@yournan6546 its not dubious at all. They gave the renter the notice as required in the statute that the renter themselves pointed out. It is only the renters assertion that the reasoning for the non-renewal is because they brought up the law... thats not necessarily the actual reason for non-renewal.

    • @fooginc
      @fooginc 10 месяцев назад +18

      @@Ddub1083 Sure thing, Eric.

    • @ischwartz
      @ischwartz 9 месяцев назад

      If you look at the date the letter was sent, the tenant was actually given more than 90 days. This video was produced to show a partial narrative and leaves out many factors that caused this industry to be this way. For someone who is unfamiliar, it seems that landlords are manipulating the system but there are regulations that if not abided by are strictly enforced.

  • @polkjmsb
    @polkjmsb 9 месяцев назад +179

    My sister's friend was threatened by her landlord with a knife. When reported, she was sued for defamation and eventually evicted. The part that stuck out to me is that a lawyer friend of hers defended her and the prosecution and judge were so smug the whole time. Focusing more on telling that young lawyer that he's "doing good" and "should be careful as he's just starting his career".

    • @1p2k-223
      @1p2k-223 8 месяцев назад +8

      I'm not an American, but wonder, could they've shot in self defence?

    • @1p2k-223
      @1p2k-223 8 месяцев назад +6

      Edit...could they've 2nd amendment defended themself agaisnt the landlord

    • @origamipanda5970
      @origamipanda5970 8 месяцев назад +8

      @@1p2k-223 It depends, if it was in her apartment and the state she is in has stand your ground laws or similar then most likely. Although some require you to retreat before you can fire. If it was not in her apartment then most states you also have to retreat before you can fire, iirc you have to be in fear for your life to use deadly force (or faced with deadly force i think). Also she could just not have a firearm.

    • @1p2k-223
      @1p2k-223 8 месяцев назад +1

      @@origamipanda5970 oh yes, forgot about that.

    • @peopleschoice9555
      @peopleschoice9555 7 месяцев назад +18

      My landlord raised my rent over 500% to get me out via unlawful detainer case and violated AB 1482.
      When i went to court, the judge had no idea what AB 1482 is and literally told me. “Take 5 minutes to decide weather you want to get out and owe rent or have an eviction on my record”. I was baffled to see that gang up of the landlord, their lawyer and system towards me that i realised….you have “law for sale” here. Highest bidder gets the win.

  • @wankertanker1813
    @wankertanker1813 11 месяцев назад +2325

    We should not allow corporate entities to own housing, period.

    • @ayoCC
      @ayoCC 11 месяцев назад +164

      It's tempting but I think it just has to become a limited non profit. In Germany all healthcare providers are limited non profits, so they continue to operate privately, but they cannot take any profit, and use funds to pay for operation and insurance responsibilities.
      Housing should not be a for profit, the government can then open the profit window for some time, allowing housing to generate profit if there's a goal, such as increasing available housing.
      A law like this needs a lot of fine Tuning and a hundred pages to cover special cases and also a beta testing period, to figure out all the details. But I think it's doable.
      Yes, i think landlords should be allowed to make profit per occupied unit up to 0.8% of GDP per Capita, decreasing by a multiplier of 0.97 per additional unit.

    • @hunterthompson5254
      @hunterthompson5254 11 месяцев назад

      That's one of the fundamentals of communism. Ask the USSR, North Korea, and Cuba how that worked out for them.

    • @andrewalexander9492
      @andrewalexander9492 11 месяцев назад +16

      @@hunterthompson5254 Exactly. Ww'll al end up filling out government forms to be allocated an apartment in a dingy concrete housing project.

    • @WatchfulHunter
      @WatchfulHunter 11 месяцев назад +76

      Yep. We need a Federal ban on corporate ownership of residential homes.

    • @scythermantis
      @scythermantis 11 месяцев назад +61

      We should not allow corporations to exist, period.

  • @gavinquinton9184
    @gavinquinton9184 11 месяцев назад +1567

    I'm a reporter covering mass evictions in Burbank California. Most of the landlords engaging in a recent wave of just cause evictions are under LLCs, and its been a tough search for me and the tenants to try and confront them.

    • @DarknessFalls29
      @DarknessFalls29 11 месяцев назад

      Some of the landlords in California are justified in seeking mass evictions after the courts and the CDC screwed them over by letting deadbeats tenants remain in the units without having to pay rent while fully employed. On the flipside, the deadbeat landlords are taking advantage of very good tenants in order to lined their pockets.

    • @BrandanLee
      @BrandanLee 11 месяцев назад +47

      I want to see your report.

    • @DudeSoWin
      @DudeSoWin 11 месяцев назад +13

      Dracula glows in the dark.

    • @genericamerican7574
      @genericamerican7574 11 месяцев назад +5

      Links please🫶

    • @fightingtosurvive6527
      @fightingtosurvive6527 11 месяцев назад +64

      The problem with California is the no-fault evictions. That needs to be eliminated. Landlords can evict you for anything they want including racism, misogyny, anything they want can be hidden behind a no-fault eviction.
      And we also need rent caps. And stop allowing foreigners who live outside the country to own any rental property in the US.

  • @eupi9098
    @eupi9098 10 месяцев назад +219

    Doxxing landlords to let tenets know who owns them is not only moral, but is the correct thing to do.

    • @GamerGoober69
      @GamerGoober69 10 месяцев назад +27

      Doxxed and beheaded

    • @dddaaa6965
      @dddaaa6965 10 месяцев назад +7

      @@GamerGoober69 I'm 12 too

    • @gregoryallen0001
      @gregoryallen0001 9 месяцев назад

      @@dddaaa6965get off real estate videos doogie houser

    • @DanWasAlreadyHere
      @DanWasAlreadyHere 9 месяцев назад

      @@dddaaa6965for the last time: you aren’t 12. You have Alzheimer’s. You live with us in our basement. You need to stay off the web before you start calling African Americans bad names again. Please remember this time

    • @kaynkayn9870
      @kaynkayn9870 9 месяцев назад +23

      Do you know what's funny about this entire situation? We were told about it. All of us, but we just dont know it. Monopoly (the game) was originally about Land Lords. And how did that game ended? Everyone loses except one person who holds everything, the land lords or large companies like black rock.

  • @MsRikkiTikki1
    @MsRikkiTikki1 10 месяцев назад +99

    I’ve been dealing with this since I was 18 and moved out for the first time, I’m 27 now and still dealing with this bullshit and nobody wants to hear it. Everybody says I’m crazy and people get their deposits back and know who their landlord is and their maintenance requests always get handled……like am I living in another reality or something??? Thank you for validating my experiences and bringing me comfort in knowing I’m not crazy and I’m not one of the only few out here dealing with totally corrupt corporate rental situations.

    • @verakoo6187
      @verakoo6187 10 месяцев назад +2

      Its a real situation but one thats easily avoidable with basic research and planning. I mean why would u rent anything without even finding out who owned it first?

    • @FirstLast-vr7es
      @FirstLast-vr7es 9 месяцев назад +4

      It depends on the situation. I did some property management for my parents several years back. We strived to be very good to our tenants, but had quite a few that would abuse the wheels off of that kindness. Got plenty of money for beer, cigarettes and pot, but are three months behind on rent. Punch holes in the walls and literally crap in the floor when they finally get evicted. One lady locked about 20 cats in her unit and left. No idea where she got them. That sort of thing. We struggled just to break even, and frequently didn't. These corporate entities have learned how to game the system though. They treat these properties like investments, and the tenants get screwed. We need fairness all around.

    • @aldproductions2301
      @aldproductions2301 5 месяцев назад

      I've noticed that different tiered services ARE alternate universes. If you go for the services that target poorer people, you get a COMPLETELY different treatment than if you go for the services that target upper middle class people.
      Cheap tear tax prep? Expect scams in your mail. Upper Middle tax prep? Expect them to call you once a year to make sure you get your taxes filed.

    • @AshleySpeaks4U
      @AshleySpeaks4U 2 месяца назад

      Oh no-they keep every penny.

  • @7heHorror
    @7heHorror 11 месяцев назад +3060

    Good example of how multiple "competing" companies within an industry can still act as a monopoly. Price fixing, black listing, lobbying for policy outcomes.

    • @atra7812
      @atra7812 11 месяцев назад +187

      Black listing should be illegal because they are pushing your personal identifiable information and should get sue for slander.

    • @damonroberts7372
      @damonroberts7372 11 месяцев назад +55

      Sounds like something the FTC should be looking into, surely?

    • @NothingXemnas
      @NothingXemnas 11 месяцев назад +94

      That's what cartels are. Oh sorry, cartels are illegal by law, so we can't call them that, right? Also that's a key argument against Mexican immigrant so we DEFINITELY can't call it that way... hahah...

    • @OlExtraRegularBass
      @OlExtraRegularBass 11 месяцев назад

      ​@@evangrey4737Fuck yes.

    • @BigTrees4ever
      @BigTrees4ever 11 месяцев назад +46

      @@evangrey4737 we don’t have capitalism though, just go read the only book ever written defining capitalism by the inventor of the system. It’s called An Inquiry Into the Nature and Causes of the Wealth of Nations by Adam Smith. What he laid out as Capitalism is so far removed from what you’re referring to as “capitalism”. Most of the things these massive corporations flout as “fundamentals of capitalism” like multinational corporations or even conglomerates, division of labor, vertical integration, the corporate control of the government, etc are called out as anathema to a capitalist nation.
      If you do some reading into the different types of economy, you’ll realize we have a crippled socialist country, missing the things that make socialism work for everyone, but still technically socialism. True capitalism as laid out by Adam Smith would not have these things. You cannot have a free market and a heavily weighted market at the same time. It’s physically impossible.
      The answer isn’t to end capitalism, since that doesn’t exist anywhere on earth. The answer is to end the money system. The competitive hell. Humans are all family, all related if you go far enough back, hell we share so much dna with each other and with every living creature. There’s no good reason why we live like this.

  • @thatjeff7550
    @thatjeff7550 11 месяцев назад +615

    It all boils down to three words: private equity firms. They buy up real estate, drive up rents to increase their portfolio profits, and run folks out who can't afford the new rents. The land will be considered more valuable due to their price fixing, so if they have to, they sell it off to a developer for a profit. Developer "renovates" the property and starts the whole thing up again. Lather rinse, repeat.

    • @neeneko
      @neeneko 11 месяцев назад +55

      They don't even need to sell it to a developer to make a profit. By increasing its value, you can take out loans against it, and those loans can be dumped into a hedge fund.. which sees profit from economic instability and collapse, which provides and even greater incentive to make things worse.

    • @latifoljic
      @latifoljic 11 месяцев назад

      The world is increasingly owned by faceless inhuman constructs of capital that exist only to increase prices and buy more of the world. Nobody is driving the machine anymore. AI has already taken over. So many of us are slaves to a self-optimizing system of incentives, a vast machine. When we act in service of it, we are forbidden from making human decisions. Its prime directive is shareholder profits, and the shareholders aren't even people. They're just more constructs of capital too. We no longer own capital. Not even the capitalists really do. Capital owns everything, including our time, and therefore our lives.

    • @johnowens5342
      @johnowens5342 11 месяцев назад +4

      I invest in rentals and I am middle class and certainly not a private equity fund.

    • @latifoljic
      @latifoljic 11 месяцев назад

      @@johnowens5342 everyone who isn't Bezos or starving thinks they're middle class, the term barely means anything. Whether you consider yourself to be a private equity firm or not, you are acting as one. Stop leeching off of those who are poorer than you. You're being usurious.

    • @marquisdelafayette1929
      @marquisdelafayette1929 11 месяцев назад +22

      The worst is that private equity funds are doing the same to hospitals. They did it to 3 hospitals in my area and now ambulance rides are ranging over an hour and ERs are overflowing with not enough beds.
      So they have been doing this across the countries but the playbook is basically, buy hospitals, then claim that the company owes some parent company X amount of money. So through massive layoffs, not paying invoices, etc they raid the hospitals for all the cash to pay the imaginary debt to the parent company and (shocker) guess what? The executives are the same! Then after destroying the hospital they file bankruptcy and pocket even more cash after selling off the property to developers.
      All completely legal, wonder how that happened . 🤷‍♀️

  • @Galeigh
    @Galeigh 10 месяцев назад +73

    Our old landlord changed the time frame to inform them that you aren't going to renew from 60 days to 30 days without informing us then told us they were gonna increase our rent by 30 percent. When we obviously informed them that we weren't gonna renew, and they not only told us that due to us being "late" that we'd not only forfeit our security deposit they were gonna charge US for the renovations to the apartment. I pulled out all the emails and the copy of the lease we signed basically said " try me bitch". We never got the deposit back but they backed out of the additional charges. Fucking crooks.

    • @lostconciousness4255
      @lostconciousness4255 9 месяцев назад +8

      should've sued for the deposit...

    • @Galeigh
      @Galeigh 7 месяцев назад

      @@lostconciousness4255 Wasn't worth it.

  • @AtsircEcarg
    @AtsircEcarg 10 месяцев назад +44

    Corporate landlords are the worst. I wish we could cap the amount of single family homes and apartments/condos that a single person or corporation could own. Keeping it small makes for better accountability and more robust home ownership.

    • @studytime3461
      @studytime3461 9 месяцев назад

      Our rents could easily cover the mortgages for these slumhouses that we had to live in

    • @yourunclejohn984
      @yourunclejohn984 9 месяцев назад +3

      We need to cap how much rent can even cost as well

    • @DellikkilleD
      @DellikkilleD 5 дней назад

      @@studytime3461 shame your credit is so bad you cant get that loan huh?

  • @tanterouge4339
    @tanterouge4339 11 месяцев назад +474

    "Why don't tenants have negotiation leverage ...?"
    Well, in Sweden we do. We have an actual forceful tenant's union. The landlords are currently trying to raise the rent again this year, breaching this year's agreement with the union. They won't legally be able to, in the end, because they've signed a contract with the union about it.

    • @Niosus
      @Niosus 11 месяцев назад +30

      In Belgium we have an "index", that's a number that essentially tracks inflation, and puts a cap on how much rent can increase. So the last increase was pretty rough at ~10%, but before that it's usually just 1-2% a year.
      The contracts are also required to follow a strict pattern if it's for longer than 3 years (which most places are). A long term contract (3+ years) is always 9 years, which get implicitly extended in chunks of 3 years afterwards. The notice is always 6 months, and they can only do it "for free" after those 9 years. They have an opportunity to end the contract after 3 or 6 years, but that will cost them 9 or 6 months of rent as compensation to the occupant. The only other exceptions are if they or their children want to go live in the unit themselves for at least 2 years, or if they want to do major improvements (which have to cost at least 3 years of rent).
      So really, as long as you take care of the place and pay your rent, there is easy way to kick you out. Either you have to wait for the full 9 years, pay a significant sum of money, or actually make it your legal residence for 2 years. And when there is doubt, judges will tend to favor the occupant in disputes.
      Housing is still expensive here, but once you find a good place you can at least settle there.

    • @RedBentley
      @RedBentley 11 месяцев назад +8

      Found the Europeans in the chat

    • @aejones233
      @aejones233 11 месяцев назад +1

      if you're ok with answering, do you find yourself under a lot of financial stress living in sweden? would love to move there one day.

    • @samyelson
      @samyelson 11 месяцев назад +7

      It amazes me that they would even try. So it begs the question, what is the repercussions for trying something illegal on tenants?
      For example from the video the man gave gave 30 days instead of 90 days. They should be fined for every mistake that is deemed illegal to teach them a lesson.
      Without repercussions they will try every illegal thing in the book to make it work.

    • @aycc-nbh7289
      @aycc-nbh7289 11 месяцев назад

      I’m pretty sure that there are some U.S. cities where that exists as well.

  • @AliciaGuitar
    @AliciaGuitar 10 месяцев назад +769

    The Health Department is an important ally in fighting slumlords. I had two vacant mouse-infested garbage filled apartments on each side of me, and manager refused to clean it up. The mice ate the electricals in the oven/stove. I kept my place clean, but the smell was nauseating and unhealthy. The day after i called the health dept. management sent workers to pull apart the cabinets, give me a new oven/stove, and clean up the vacant apartments. This was after months of refusing to act. I wish i had called sooner.

    • @whatarewaves
      @whatarewaves 10 месяцев назад +28

      The health department shouldn’t have to give you new stuff that should be on the landlord to replace. Happy you got help but that landlord is liable

    • @devonwilliams2423
      @devonwilliams2423 10 месяцев назад +119

      @@whatarewaves Hes saying the landlord replaced everything, The health department was the one who pushed the landlord into action
      IE Health Department: "You have a tenant who is citing you are not fulfiling your duties as a landlord and legal action can be taken, this will be our first contact and any further contact will be to schedule a court hearing" type shit lol

    • @Freedomring-uk6yd
      @Freedomring-uk6yd 10 месяцев назад +6

      HAHAHA the apartment was such a slum I doubled down to try and stay longer

    • @chrismanuel9768
      @chrismanuel9768 10 месяцев назад +18

      ​@@Freedomring-uk6ydIt was a slum so they used their legal rights to enforce the health code and make the slum lord clean up

    • @Freedomring-uk6yd
      @Freedomring-uk6yd 10 месяцев назад

      @@chrismanuel9768 HAHAHA tenants never call the BOH to be vindictive and withhold rent

  • @skiplogicgg
    @skiplogicgg 10 месяцев назад +92

    I wouldn't mind organizing a landlord blacklist, credit scores should always work both ways. A city wide tenants union could twist a very silly knife into the side of equity holders failing to consider what their investments are based on.

    • @okaythankyoubyeee2501
      @okaythankyoubyeee2501 10 месяцев назад +1

      Lol

    • @GeeTrieste
      @GeeTrieste 10 месяцев назад

      Unfortunately, it is often a sellers market.

    • @skiplogicgg
      @skiplogicgg 10 месяцев назад +8

      it's not a very good idea but i'm grasping. really tired of credit being a one way street and seeing people i know who are working hard, working smart, and constantly getting dicked over by capital

    • @-._.-KRiS-._.-
      @-._.-KRiS-._.- 10 месяцев назад +2

      @@skiplogicgg I agree with you. And I don't understand what someone's ability to pay back a loan has anything to do with paying a required bill like rent. The landlord doesn't loan me $12k+ for the year and I slowly pay them back for it.

    • @michaelsoniat2258
      @michaelsoniat2258 10 месяцев назад

      would be great but at the end of the day people still need to live somewhere. Strikes work but with labor you can easily stop working for a few weeks or months but for people who need a place to live being homeless for a few weeks or months isn't really an option. The only way I can see doing this is organizing people to suddenly stop paying rent for a month but they can still come after you for this as often it is legally owed.

  • @dbwinters
    @dbwinters 10 месяцев назад +67

    The fact that this video takes place in NYC, a city with some of the best landlord-tenant laws in the US, makes me really worry about what's going down in the rest of the country

    • @user-oy2oq5ql9q
      @user-oy2oq5ql9q 7 месяцев назад

      Vote trump

    • @Gakulon
      @Gakulon 6 месяцев назад

      ​@@user-oy2oq5ql9qTerrence, can you provide a summary of how and why voting for Trump will solve the rent crisis?

    • @DellikkilleD
      @DellikkilleD 5 дней назад

      @@user-oy2oq5ql9q lmfao, vote for the fraudster, to fix bad rent practices? lay off the meth cletus.

  • @crp5591
    @crp5591 11 месяцев назад +718

    THIS type of thing where these unscrupulous people are called out BY NAME also serves an important purpose. Sunlight is the great sanitizer. Keep exposing them!

    • @quitstalkingmelol
      @quitstalkingmelol 11 месяцев назад +13

      We need to do more than just expose these people. They're killing us with greed and laziness.

    • @NoSirNotTodayOrTomorrow
      @NoSirNotTodayOrTomorrow 11 месяцев назад +5

      You expose them but will the right people care, the way I see it. People are mad that rent keeps going up, but everything including taxes food and most everything is doing the same. The pressure holds no force when it's to be expected, tell your politicians to stop raising taxes and make cuts. Rising costs will incentivize a increase in rent, just make it cheaper for landlords to operate. We only pass the cost over to the consumer like most successful companies.

    • @crp5591
      @crp5591 11 месяцев назад

      @@NoSirNotTodayOrTomorrow THIS! Exposing them is but part of the solution. VOTE for those that will affect the change YOU want to see!! VOTING is the other part of this! VOTE!!

    • @denjamin2633
      @denjamin2633 11 месяцев назад +15

      @@NoSirNotTodayOrTomorrow If it were simply a case of costs increasing with inflation than rent increases would not be far outstripping inflation rates. It's greed, at least be honest about it.

    • @ByteMouse
      @ByteMouse 11 месяцев назад

      Until you end up dead of corse.

  • @davidpachecogarcia
    @davidpachecogarcia 11 месяцев назад +1157

    We need to keep bullying and exposing landlords.

    • @nil981
      @nil981 11 месяцев назад +21

      Yes.

    • @alexohl
      @alexohl 11 месяцев назад +48

      Mao enters the chat

    • @vicw9223
      @vicw9223 11 месяцев назад +53

      Or the government could do its flipping job and enforce laws.

    • @MasterOfBaiter
      @MasterOfBaiter 11 месяцев назад +51

      ​@@vicw9223 it's fricking job is representing the people whose donations fund politicians campaigns, increases the value of their friends stocks and gives them a golden parachute once their term is over. The state never has and never will represent both workers and capitalist leeches.

    • @williamwimmer5473
      @williamwimmer5473 11 месяцев назад +16

      *Mao-ing landlords

  • @roblesize
    @roblesize 10 месяцев назад +55

    Down with greed. Down with corruption. Hold everyone accountable

  • @ckrysl7
    @ckrysl7 10 месяцев назад +102

    Ahh the old "you left the apartment a mess" bit. I once had my deposit withheld and charged extra because they tried to charge us for all of the damage we noted in the "move in condition" document.... plus nonexistent trash. Fortunately we had the carbon copy of the document so I scanned it and sent it back to them and they dropped the additional $1400 charge (but still kept our entire $2200 deposit for cleaning).

    • @Freedomring-uk6yd
      @Freedomring-uk6yd 10 месяцев назад +3

      nice story sunshine

    • @jamiestewart48
      @jamiestewart48 10 месяцев назад +10

      A landlord can typically charge a tenant for cleaning needed to return the property to the condition at the time the tenant moved in. But, a landlord can not charge the tenant extra - or use the security deposit - to pay for normal wear and tear. Why does no-one know their rights?

    • @MadScientist267
      @MadScientist267 10 месяцев назад

      ​@@jamiestewart48People are being raised by the internet today. That should tell you everything you need to know.

    • @surewhynot6259
      @surewhynot6259 10 месяцев назад

      ​@@Freedomring-uk6ydyou really need some help, edgy teen

    • @judith4505
      @judith4505 9 месяцев назад +6

      Always video tape a walk through prior to moving in. 2 months before vacating, give the landlord proven notice. Prior to handing over the keys, another exit video is necessary. In that video, be specific, that the place was left in a better condition than you got it, cite the state law about the time span for returning your deposit, and not a day later, state there is no legitimate claims to your security deposit and you want it in full by cashier's check. This works for me. My money is hard earned, and not for greedy landlords.
      You can also file a lawsuit for your deposit. When successful, place a lien on the rental property, accruing interest each year. Treat landlords how they treat you.

  • @skyty0
    @skyty0 11 месяцев назад +735

    Being a landlord and choosing to stay anonymous is both an admission of guilt and one of the most cowardly moves a human being can make on this planet. That's so pathetic, Jesus christ.

    • @littleredpony6868
      @littleredpony6868 11 месяцев назад +34

      yeah it is. you don’t see the small landlords that only own 1 or a few rental properties doing that

    • @havokthadon4173
      @havokthadon4173 11 месяцев назад +17

      Typical Caucasian dealings.

    • @_nimrod92
      @_nimrod92 11 месяцев назад +7

      then you clearly are not cut out to do business then as a landlord. These people do this because they don't want to hear what excuses you have just that money is flowing in and you not becoming a problem to their investments.

    • @piku5637
      @piku5637 11 месяцев назад +27

      Mao was right about landlords.

    • @dopaminecloud
      @dopaminecloud 11 месяцев назад

      @@havokthadon4173 A dimwitted racist isn't much higher on the ranking.

  • @Coast-to-Coast
    @Coast-to-Coast 11 месяцев назад +231

    The apartment we used to live in was owned by some company. They did not respond to any of our concerns or requests. We had to buy tokens from their office to use the laundry, but their hours were very inconvenient, and often the tokens would break in the machines without the machine counting them, so we would have to use more. When it would rain, water would come in from around the window frame and from the ceiling above the windows. We were not allowed to take a bath because the water would leak into the unit below us. We literally had water come into our bathroom from the unit above us through the light fixture in the ceiling, but nothing was ever fixed. Now we rent from people we actually personally know. Its not totally perfect, but its much much better. Its good to actually know the person you are renting from, instead of having to deal with some faceless corporation.

    • @dragonsword7370
      @dragonsword7370 11 месяцев назад +7

      As someone put it to me earlier, "It's always better to be able to talk physically with your Leaser. It's hard for them to ignore the Leasee when there are issues. They can both also negotiate prices and if theft know eachother that gives just a bit more trust between the two that can let a leasee ask for a rent extension, with more ease. And when they actually pay in that in good faith it helps the relationship. A corporation is faceless. They can ignore you with hardly any repercussions."

  • @ancientgamer3645
    @ancientgamer3645 10 месяцев назад +21

    I'm a disabled veteran living in a retirement apartment complex. When we got a rate increase from SSA last year, they immediately raised our rent 2X of our income increase. I hope things work out for you.

    • @marcmona1864
      @marcmona1864 9 месяцев назад

      You will probably see the next civil war soon enough. 🫡

  • @FiveHundredDollars
    @FiveHundredDollars 10 месяцев назад +13

    I didn’t know how good I had it when my landlord lived in the same apartment building that I did. The 2 or 3 times I ever had a problem, I’d just text her and she’d send someone up in less than 10 minutes.
    I moved for work so my rent’s 20% more expensive now, and waiting multiple days for him to respond to an email to get something taken care of or have a question answered is really frustrating. And I’ve had more problems in the first 4 months than the whole last 2 years at my old spot 😢

  • @sirfortesque8757
    @sirfortesque8757 11 месяцев назад +284

    What a difference a few decades make. Growing up in an Apartment house(24 apartments on 4 floors ) from 1965-1995 in Bay Ridge Brooklyn NY and all those years my Landlord/owner of the building lived on the floor below mine. So, of course the building was always kept very nice and utilities always worked because this guy lived right there with me. When i had a problem i just went down 1 flight of stairs and knocked on his door to get it solved.
    As soon as he sold the building it all went to crap. I recall him coming up to my apartment and talking to me about it and saying he couldn't say No to the offer the firm made, it was just too good. Firstly, the rents went up by 35% and then it was impossible to get them to fix anything, the utilities would go out and we would call and nobody would do anything. But if you were 1 day late with your rent Oh Boy did they respond quickly!!

    • @kamilareeder1493
      @kamilareeder1493 11 месяцев назад +21

      There will be buildings here with capacity of 50. Yet 25 people are living in it and pay super inflated rent because they have no choice. 😮

    • @cbalan777
      @cbalan777 11 месяцев назад +12

      That's how everything is now. Especially after 2008. It used to take three months before a utility company would harass you about your unpaid bill. Now, one day late and they are threatening to come cut it off.

    • @erikdietrich2678
      @erikdietrich2678 11 месяцев назад +1

      At least here in Minneapolis you can file a legal complaint for non-repair. You have to pay rent into escrow with the city, but the landlord doesn't see a dime until they address the issue and they also can't evict you in the meantime.

  • @gardenlifelove9815
    @gardenlifelove9815 11 месяцев назад +143

    Being able to sue another doesn't fix anything when they can just tie it up in courts for decades.

    • @Adalore
      @Adalore 11 месяцев назад +12

      that's true, but there is value in being able to find a punchable face at the end of all of it, and even landlords will respect that dynamic. Even if there is never an intent to "cash in" on that. It puts an upper limit on how "fucked over" a person can be, if a landlord literally ruins someone's life, there is no delays in court that will protect their sense of safety.

    • @QueueWithACapitalQ
      @QueueWithACapitalQ 11 месяцев назад +8

      If you sue an individual that person must then go to court even if they have a large amount of financial and legal resources, if you sue a corporation they can just use the legal firm they were already paying to then do all the bullshittery and stalling they do for a living without any individual held responsible because its the companies lawsuit not the person actually fucking people over.

    • @AskTorin
      @AskTorin 11 месяцев назад +2

      This financial representation is what unions are for lol, you don't rent if you have any money.

    • @tmtmtlsml
      @tmtmtlsml 11 месяцев назад

      Eat the rich. It's faster than going through courts and they taste like pork

    • @lopoa126
      @lopoa126 11 месяцев назад +5

      @@AskTorin People often rent because they move around. You don't seem to know many people.

  • @delilahjustdelilah603
    @delilahjustdelilah603 10 месяцев назад +9

    I once worked for a family of landlords in Rockland County that were so shady I could only answer the phone "4800, how can I help you?" My first call of the first day was THE PEOPLES COURT! The girl training me said "hang up!" So I did. I should've ran. They were the most horrendous family I ever met. So afraid of being caught my entire office was full of banker boxes they would burn before the high holy days!

    • @georgewagner7787
      @georgewagner7787 7 месяцев назад

      Some really illegal stuff goes on them there. My brother bought a house and his property taxes have doubled in 10 years. He's going to leave New York State

  • @mimzi7974
    @mimzi7974 10 месяцев назад +10

    I have lived in 4 different rooms and flats in London. Never once met my landlord- and it didn’t cross my mind how shady and unusual that is until I saw this video

  • @AlberichY
    @AlberichY 11 месяцев назад +112

    The fact that renting a house is so prevalent in the urban areas in the US, only serves to see that your system is made to be sure that you are always in debt with someone and technically own nothing. Wew, that is a lot and scary.

    • @davidstrelec2000
      @davidstrelec2000 11 месяцев назад +4

      The WEF said it. Own nothing and be happy

    • @AlberichY
      @AlberichY 11 месяцев назад +2

      @@davidstrelec2000 Yeah, but people in the US have been already there for decades, it seems.

  • @nicholasaprovis
    @nicholasaprovis 11 месяцев назад +375

    There seems to be a record number of homeless people at the same time there's a record number of vacancies. Also, there seems to be little incentive for landlords to actually compete with each other, particularly with the housing market being what it is today. The real estate corporations seem think and act as one body. Perhaps it's time to amend the anti-trust laws.

    • @ayoCC
      @ayoCC 11 месяцев назад +23

      People need to care about local elections more, and choose the right mayors and city council.

    • @GuinessOriginal
      @GuinessOriginal 11 месяцев назад

      Time for mass armed squat takeovers of buildings.

    • @droe2570
      @droe2570 11 месяцев назад +2

      Except it's the governments that created the laws and regulations and subsidy systems that created the problem to begin with.

    • @dragonsword7370
      @dragonsword7370 11 месяцев назад +5

      Most of the Leaser's don't want to lose profit. So when the one large llc raises the rent, others will follow the same. That forces the smaller "mom & pop" rental businesses to try and match our lose enough that they end up selling... to their competitive LLC. It should be illegal but... you know how that goes.

    • @c0ltz450
      @c0ltz450 11 месяцев назад +7

      nah, it's about time we just find their corporate buildings and give them a little visit.

  • @Wayouts123
    @Wayouts123 10 месяцев назад +12

    There needs to be a law that if landlords refuse to rent AV apartment or commercial space then they cannot write it off on taxes. And I used to be a landlord

  • @cato447
    @cato447 10 месяцев назад +14

    It is insane what is legal in the USA

    • @savanafantastica
      @savanafantastica 9 месяцев назад

      Sure, but let’s not pretend analogous things don’t happen all across Europe and with even worse consequences if you compare the average American income to that of an European. I’d love to pretend Europe is this utopia where the laws and regulations protect the people from the greed of corporations and landlords but, at least in the Europe I live in, that’s not true at all. Maybe in the north it is but that’s a very small privileged percentage and if anything it’s the exception that confirms the rule.

  • @Sourcefedisnewsporn
    @Sourcefedisnewsporn 11 месяцев назад +911

    The fact he was able to not get angry throughout this whole video or call the landlord names...class...just pure class. Slow clap. Takes a lot of courage and self-control to stick with the facts and just tell the story.

    • @TwinAquarius484
      @TwinAquarius484 11 месяцев назад +42

      😂because he did it off video in privacy

    • @larsonfamilyhouse
      @larsonfamilyhouse 11 месяцев назад +1

      @@TwinAquarius484 my thoughts exactly! 🤣

    • @AB_AB
      @AB_AB 11 месяцев назад

      We all agree deep down that social parasites should have a fun time in work camps

    • @strangelaw6384
      @strangelaw6384 11 месяцев назад +1

      @@TwinAquarius484 and many scenes here are staged

    • @Bambotb
      @Bambotb 11 месяцев назад +1

      They're cmmpanies not people

  • @phoenixfromtheashes
    @phoenixfromtheashes 11 месяцев назад +1240

    I'm surprised there isn't a bill to disincentivize empty apartments, especially rent stabilized ones. It should be ridiculously expensive to keep so many units of housing empty for more than a few months

    • @phonyalias7574
      @phonyalias7574 11 месяцев назад +49

      In some states there are. These are state by state level issues, and while the housing crisis is largely a national problem the causes of it aren't uniform. In California for example there are restrictions on multi tenant buildings making new construction of apartments and high rises difficult, while in NYC the tax laws such as the 421-a abatement encourage slumlords to own large square footages of low income housing, while other laws provide tax breaks due to lost income if a dwelling is empty.

    • @undead_corsair
      @undead_corsair 11 месяцев назад +95

      ​@phonyalias7574 tax breaks if a dwelling is empty? That's the opposite of how it should work. Tax should rise on unoccupied property, aggressively. If a landlord leaves buildings empty they should be hemorrhaging money.

    • @christopherolson4130
      @christopherolson4130 11 месяцев назад +21

      @@undead_corsair I agree to a point, this could have the unintended consequence of making renovation/upkeep difficult though. Too me there should be a set amount of time a unit can be empty over a given period of time kinda like how paid family medical plan policies work. You can't get a tax break on a unit unless it has been rented out for 5 year, and then you have 6 months of a break or something like that. This way maintenance can be done, but leaving units open for extended periods of time is not feasible, further more there absolutely should be a tax that increases month by month following a 'maintenance phase' to prevent maintenance from being an excuse to keep flats empty. Oh and any vacancy for more than say 2 weeks is included in the 6 month time. (FYI these are spitball numbers just an idea).

    • @adambuchbinder2791
      @adambuchbinder2791 11 месяцев назад +1

      Isn't not collecting rent incentive enough?

    • @cericat
      @cericat 11 месяцев назад +19

      @@adambuchbinder2791 often the losses they can declare on a property have significant benefits for them such as shifting their tax bracket along with local considerations like Phony Alias mentioned in NYC where there's other financial benefits to them.

  • @aleafa
    @aleafa 10 месяцев назад +10

    I was a renter in St Paul MN when the rent increase limit was on the ballot, I literally had to block my landlord on FB bc he started harassing me for being publicly in favor of the limit!
    Thankfully our property manager who we actually interfaced with for rent and maintenance was kinder, but it really soured us on what had otherwise been a fairly pleasant renting experience (flat fee laundry, free parking, updated kitchen/bath). We did not renew our lease there.

  • @DwyerMN
    @DwyerMN 10 месяцев назад +8

    Building permits in St. Paul are down over 80% since the 3% cap was introduced. The measure ended up being great for existing renters, but future renters in need of housing may be met with a lack of supply.

    • @georgewagner7787
      @georgewagner7787 7 месяцев назад

      In other words, politicians are destroying the future development of their own city.

  • @silverhammer7779
    @silverhammer7779 10 месяцев назад +324

    The landlord kicks you out, raises the rent to the stratosphere, then doesn't rent the place. So, theoretically, he's losing money...right? Not necessarily. Every month the place isn't rented at the exorbitant price, he writes it off as a tax loss against his other business interests. Also, don't forget that commercial real estate in places like New York City are classic vehicles for money laundering.

    • @Addlibs
      @Addlibs 10 месяцев назад +23

      "Every month the place isn't rented at the exorbitant price, he writes it off as a tax loss against his other business interests."
      Interestingly vague, as if you don't really understand how this works. What amount do you think they "write off" monthly? The whole market value of the property? The market monthly rent?
      You don't get to write off missed potential gains as a loss. They can at most write off actual monthly expenses on the property, such as maintenance or utilities. They can also generally write off property taxes from federal income tax, but this is essentially a 20-40% (or more or less, not sure what the extremes are) return depending on their effective tax rate.

    • @EmeraldEyesEsoteric
      @EmeraldEyesEsoteric 10 месяцев назад +25

      In New York there are actual million dollar parking spots. Imagine having so much money that you would buy one. Imagine being surrounded by all the suffering and starvation that a million dollars could fix, but just driving past it all because you can't be burdened to pay for a Taxi or park somewhere else.

    • @freeinghumanitynow
      @freeinghumanitynow 10 месяцев назад

      Yup. Luciferian antics. They really need to be run off the planet. They gotta go.

    • @GeeTrieste
      @GeeTrieste 10 месяцев назад +4

      @@Addlibs I believe they do get to write off tenant's nonpayments who don't pay their rent.
      I can imagine that with a little definitional finagling, they might be able to write off empty apartments.

    • @Ddub1083
      @Ddub1083 10 месяцев назад +4

      How does one launder money through an unrented apartment? lol... Also, the tax code is clear that you can only write off your expenses in maintaining the property, you cannot write off the lost rent. Please learn the law before you pretend that you know it.

  • @yeetyeet7070
    @yeetyeet7070 11 месяцев назад +307

    "How is this legal?" - all of Europe.

    • @christianpetersen163
      @christianpetersen163 11 месяцев назад +28

      It's really messed up that they have landlords that are like... the nobles that own the land or something... I don't really understand any of it, I just pay my bills to the public housing assocation.

    • @MissMoontree
      @MissMoontree 11 месяцев назад +34

      I mean, stuff like this def happens in Europe too. Yes, it is often illegal, but they pick the people that can't defend themselves. Foreign students are particulary at risk. No smoke detectors, some mold, rooms that are only 8m2 or 700 euro for 16 m2. I've seen it all.

    • @yeetyeet7070
      @yeetyeet7070 11 месяцев назад +37

      @@christianpetersen163 tbf in Europe it is also starting to get fucked up, price fixing is already real in every major city, here they decreased evictions times for unpaid rent, etc. etc.
      America always does it first, but finals stage capitalism reaches all capitalisms at some point :)

    • @karmatraining
      @karmatraining 11 месяцев назад +14

      Do you know why the Americans forced Germany to introduce strong labour and renter protection laws after WWII? To prevent social unrest that led to WWII.

    • @goodlookinouthomie1757
      @goodlookinouthomie1757 11 месяцев назад +3

      In Europe it's gone the opposite way. Private landlords are selling up because it's not worth the hassle any more.

  • @AnaWeiskorn
    @AnaWeiskorn 10 месяцев назад +10

    Same case here, I simply don't trust my "landlord", who is really just a middle man that works for a LLC. This is exactly why, when the time comes to move out, I am not paying my last month, which equals my security deposit. This move is actually extremely common in my country and thankfully everyone can get away with it as long as there are proofs you left the place in good conditions.

  • @abstractfactory8068
    @abstractfactory8068 10 месяцев назад +6

    Damn, landlords that leave their buildings empty due to charging overpriced rent should be penalized where it hurts them, hit their piggybank, tax them to heaven or just plainly expropiate the building and auction it so that an actual person that cares buys it, develops it and rents it at a reasonable price.

  • @willardchi2571
    @willardchi2571 11 месяцев назад +254

    This is what happens when the rich aren't heavily taxed and allowed to grow so rich, that they can buy up everything in sight and then rent it to you so you can make them even richer. They even bought our government, in case you haven't noticed.

    • @lethalButters
      @lethalButters 11 месяцев назад

      Yes, they own our government but taxing them isn't going to help. Especially since the tax money goes to the politicians anyway. If their tax goes up then your rent goes up. I wouldn't be surprised if some LLC's operated out of a different country either. We first need to stop lobbying, corruption, the monoparty, and the fixed elections. Those need to be done first for any real leaders to be voted in to actually fix the problem. Unfortunately the monoparty is currently in power and they're killing our society.

    • @alienonion4636
      @alienonion4636 11 месяцев назад +9

      Bravo!

    • @blakebrady9002
      @blakebrady9002 11 месяцев назад

      They use tax loopholes anyways, let’s instead just get rid of all landlords, what are they good for? Nothing. Nationalize Housing. Workers of the world Unite!

    • @donovanberserk4993
      @donovanberserk4993 11 месяцев назад

      Supply and demand. If people didn’t pay these prices, there would be no choice than to lower it to keep customers. The problem is people choose to pay these prices.

    • @lethalButters
      @lethalButters 11 месяцев назад +23

      @@donovanberserk4993 They're price fixing and not participating in fair trade. Also they're houses/apartments. Sure they can move but that's not always so easy.

  • @TheRealRobertG
    @TheRealRobertG 11 месяцев назад +136

    660,000 airbnbs in the US
    500,000 homeless

    • @TheRealRobertG
      @TheRealRobertG 11 месяцев назад +26

      @@abhipatel2162 I live in a 200 sq foot studio apartment lol

    • @TheRealRobertG
      @TheRealRobertG 11 месяцев назад +24

      @@abhipatel2162 Homeless people do sneak in sometimes and sleep in the entrances when it gets cold. It’s not my basement though, it’s my landlord’s.

    • @adoxartist1258
      @adoxartist1258 11 месяцев назад +36

      @@abhipatel2162 I could ask you how many unhoused people you have welcomed into your home but that is none of my business. It's none of my business or yours how or how much another person does or does not help. The laws that need to change do not depend on the amount of volunteering citizens do.

    • @meanmr.mustard3596
      @meanmr.mustard3596 11 месяцев назад +28

      ​@@abhipatel2162 Why would he need to do that if there are more vacant homes in the US than there are homeless people?

    • @Makofueled
      @Makofueled 11 месяцев назад +24

      166,000 vacant houses in Ireland. (The plurality of which are rental properties being held back from market lol).
      12,000 homeless.
      Article 43 of the constitution allows this to be remedied, but no one even talks about it.
      System's a joke. Even Adam Smith and other capitalistic thinkers knew of all things, landlords are a parasite, as it's a natural monopoly.

  • @chrisdotjpar3314
    @chrisdotjpar3314 10 месяцев назад +6

    I worked with some of the people who worked on the good cause eviction bill. It's been passed in several towns and cities in upstate New York and there are still loopholes that were kept in the bill to get enough votes for it to be passed. For instance, if the landlord sells the building to another landlord, good cause is nullified. There's a lot of work to be done on the bill and more widespread support in the state senate is needed

  • @BryantAvant
    @BryantAvant 2 месяца назад +3

    I'm a handyman that can fix and build anything. I have wrestled for years with whether or not I should own rental properties for income. And I just can't seem to do it. I just have a problem with squeezing money out of people while adding no value to the world. Everyone should own their home, but landlords are making that harder.

  • @jaesthetic5511
    @jaesthetic5511 11 месяцев назад +95

    Australian here, living in a 80 year old house with mostly 80's features and no temp control, was hit with a $100 rent increase, second increase in a year. Emailed back the real estate place requesting maybe $60 increase and was immediately refused. We'd asked them to relay our message to the landlord as we were told by the shop owners next door they they were a nice old couple who would listen, I feel like there's no way the real estate guys passed on our message as they replied so quickly. Feeling so angry and defeated, if theres a rally or protest point me in the direction and i'll wheelchair my way tf over

    • @uis246
      @uis246 11 месяцев назад +1

      Isn't there some sort of home owners registry? Maybe you can request who is owner from there.

    • @keithwisdom1663
      @keithwisdom1663 11 месяцев назад

      What's the total rent amount previously.? You did not mention details to get a fair view. Like my rent was 925 for yrs and the landlord did a 40 increase or 1150 for month to month. The month to month was high too me. Which I would prefer... Bit I took 4o. And decided if I break I'll just pay whatever

    • @minifalda6611
      @minifalda6611 11 месяцев назад

      Neighborhood centers and community legal centers have advice for Tennant's I think. In your state there may be a limit to how much rent can be raised per year.
      I think it's ten percent in qld?
      Not sure.
      There should be a tenants or housing association in your town that may be able to advise you.
      I've found my state member of parliament helpful in the past.
      All the best.

    • @GaeModfrey
      @GaeModfrey 11 месяцев назад

      Hi! I'm an Australian too, have you reached out to your state's tenancy authority? I live in Victoria and our state tenancy authority is consumer affairs victoria, who I've reached out to before when I got hit with a rent increase (during covid no less lol). They can be kinda bad sometimes, but they helped me and they could help you too?

    • @cericat
      @cericat 11 месяцев назад

      @@minifalda6611 RAHU as well, and I'd strongly advise looking at them for everyone renting since they've been doing a lot of good work for tenants dealing with crap landlords since they started up.

  • @somedudeok1451
    @somedudeok1451 11 месяцев назад +945

    If you left the place spotless, how could they justify the cleaning fee by law?? Absolute pigs, these landlords. I'm lucky to live in Vienna, where we have strong tenant protections and more than half of all available flats have severe price ceilings which keeps down the prices of the non-price cealing flats too. Every city should have laws like these.

    • @kpstl26
      @kpstl26 11 месяцев назад +123

      They usually can't justify it, and he technically probably could have gone to court and gotten that money back - but the time and costs associated with doing so will just end up costing you more in the long run. Making excuses to keep people's deposits no matter what and large "application fees" are just another way they milk tenants and even prospective tenants for more cash. If he left the apartment as shown and free of trash, a basic cleaning before re-renting is part of the LL's costs of doing business. But as always they must pass those on to everyone else out of greed. Then the application fees, most places now will charge $50-$100 per resident. So a family of 4 could pay 200-400 just to be told they weren't accepted to rent there. Looking for an apartment and applying to a handful of places can cost them well over $1000 alone without actually even residing anywhere and no real reason for those fees. Many property owners will just keep "taking applications", getting the money from these fees, but never placing any tenants - and end up making more than if they actually rented the place out. It's insane.
      I can keep going lol... Then there's pet fees too. Why do I have to pay another $100 month because I have a cat? She hasn't damaged anything, she sleeps 14 hours a day 😂 and if they did shouldn't I just be charged for repairs when moving out? Extra $100 month for literally nothing, times that by the other 200+ residents in my complex who likely have pets. $$$$

    • @earthtaurus5515
      @earthtaurus5515 11 месяцев назад

      Unfortunately, far too many in the US vote against their own interests and keep voting for Republicans. When they say they are for deregulation, they literally mean deregulation of everything that generates more profits for the fat cats.

    • @patiakreles
      @patiakreles 11 месяцев назад +11

      I live in Chile and here rent is higher than minimum wage.

    • @Vagitarian01
      @Vagitarian01 11 месяцев назад +44

      I fought it the last time I was assessed a $500 cleaning fee. I provided pictures showing that it was professionally cleaned and noted spots of 'normal use wear and tear'. They backed down.

    • @primeral
      @primeral 11 месяцев назад

      ​@@solarcrystal5494 that was so unkind.

  • @fauscsk_9099
    @fauscsk_9099 10 месяцев назад +7

    When I moved out of my last college apartment we left it literally spotless except for a full, sealed draino bottle below the sink (I viewed it as a gift to the next tenant, pipes sucked donkey dick) they viewed it as trash and an excuse to attempt to keep my deposit. My mom and I heard staff blatantly say ("... but theres literally nothing in it, looks spotless I can't find anything") while they walked down the hallway, the theft that they must have been perpetuating was disgusting.

  • @ClassyNeons
    @ClassyNeons 10 месяцев назад +3

    The saddest part is that none of this surprises me. There's so much discontent and division in America that most of the population is completely blind to what the wealthy do. There are a plethora of systems like this in America that have quietly been built up in the past decades. They also affect all facets of life; the rental market is just one example. The main goal in all of them is to keep as much money at the top while making it as difficult as possible for average people to create change. Everything is so obscured and redundant now that even if legislation is passed in favor of tenants, landlords will just metaphorically shift the pieces to keep the overall game in their favor.

  • @yourgodismean4526
    @yourgodismean4526 11 месяцев назад +195

    Last year, when my landlords raised my rent, the leasing agent looked across the desk at me and actually said, “We have to do this to remain competitive”. My jaw practically hit the floor. Since when does raising prices make you more competitive?!? Has capitalism been inverted? I didn’t say anything to the woman-it’s not her fault n she has no control. Still I found it absolutely shameless. They’re raising it again $250/month(im in Portland, Or) so I’m moving n downgrading to a one bedroom.

    • @jmcnally647
      @jmcnally647 11 месяцев назад +36

      It's bad everywhere, I wish there was a massive movement of people just refusing to pay. The Real Estate market needs to crash and burn. Costs too much to rent and way too much to buy a home, I just can't believe this is where humanity is at. I hate to say it but I think the only way we are getting out of this is a French Revolution 2.0 on a global scale. Greed does not know fear and that is the fundamental problem with so much in the world today.

    • @gcolombelli
      @gcolombelli 11 месяцев назад +31

      Something is completely broken on NYC if someone finds it better to have essentially 2/3 vacancy on a building than to lower the rent. Clearly, supply and demand are very disconnected and it's only possible when market distortions are artificially put in place.

    • @yourgodismean4526
      @yourgodismean4526 11 месяцев назад

      Wow. Both rly smart comments. I agree-we don’t have capitalism exactly anymore. It’s state supported and crony-ized now. Seemed to happen not long after the stock market decoupled itself from the real economy.
      Question is, how much do they think we’ll take? Pretty soon, there will be more unhoused folks than housed. I agree w the revolution idea, sadly. Power never gives in without pressure

    • @AthenaPrime
      @AthenaPrime 11 месяцев назад +25

      They raise rent to be "competitive" with the inflation rate and the interest rate on the mortgages they hold--if the profits from rents don't outpace the interest on the loans by the rate of inflation times some arbitrary number, then the shareholders don't get "growth profits" over the quarter or the year and then the fund shares go down in value and some very rich people have a mild sad because the one thing they can never have is Enough.

    • @willywonka69xx
      @willywonka69xx 11 месяцев назад +3

      @@jmcnally647 You missed it cost too much to build too. Also, building a new place is maze of difficulties. Also, we keep letting people move into the US so there is even more pressure on supply...IF the housing market corrects, I will be seeking new rentals! Keep your credit clean and save and being a first time buyer you will get first crack.

  • @ZeroFoxENT
    @ZeroFoxENT 11 месяцев назад +1891

    Here in Vancouver, Canada, our government has implemented a "Vacancy tax" in order to encourage landlords not to unfairly drive up prices with an artificial supply problem. A "Vacancy Tax" essentially significantly increases the owners yearly property tax if the owner does not rent out the property.

    • @natetaylor9002
      @natetaylor9002 11 месяцев назад

      No wonder there is such a lack of investment in affordable housing!
      Combine that with 'tenants can stay for free up to a year before Tribunal will kick them out', and 'tenants can trash the place without consequence' = affordable rental shortages will only get worse!
      ......why can't people understand that Communism DOESN'T work?

    • @tylermartin988
      @tylermartin988 11 месяцев назад +177

      This has been floated in the States recently and would help here a lot. There are tons of single family homes and apartments sitting vacant because investment firms own them and it is better for their bottom dollar keep them empty and hike up the rent on their other properties because of the "shortage." A vacancy tax and a limit on how much rent can up would be really helpful here. Unfortunately part of the problem is that rent is already too high. Tough to make it come back down at this point

    • @natetaylor9002
      @natetaylor9002 11 месяцев назад +33

      @@tylermartin988 I am always amazed how how small minded humans are. Rent is high because Property Tax + Inflation + Insurance + Maintenance is so high!
      ....but people complain about the landlord instead of focusing on WHY rents are so high.
      Landlords are not slaves!

    • @JKSSubstandard
      @JKSSubstandard 11 месяцев назад +188

      ​​@@natetaylor9002 rents are high because landlords will charge every penny they think they can get. My personal example, I used to live in a house that was split into two apartments. I lived there for 5 years years, admittedly under market rate due to my elderly landlord. She sells to an investor. Investor immediately hikes rent up to market rate, 39%. I take no issue with this as it's roughly in line with the 5 years of inflation I hadn't seen increases for. That brings us to year 6 and I'm notified that I'm not being renewed. I ask why and she says she wants to renovate and I can live there during renovations. 2 weeks later, the apartment is listed online for 50% more than what I had been paying. The "renovations" were that she painted the walls a neutral grey instead of neutral tan. She didn't think I'd pay more as a young professional, but she can rent one bedroom to 6 college kids and charge 50% more

    • @natetaylor9002
      @natetaylor9002 11 месяцев назад

      @@JKSSubstandard I am NOT your slave!
      I worked hard my whole like (became a dual tradesman), saved up + did without. I purchased a building.....had to get a mortgage for $250,000 to bring it up to code......I'll be paying that mortgage for a long time!
      I charge rates that are below the going rate...and I provide good service.
      And then I see people like you who call me a horrible, greedy man!
      I have to pay ever increasing property taxes, insurance, maintenance....and each year, the rent I get is less because of high inflation rates.
      My tenants stay usually until they die or have to move to an old age home....THAT is the indicator of my service and fair rates!
      And YOU call me a cheap, greedy monster!
      I am NOT your slave!

  • @michaelnachvorne9250
    @michaelnachvorne9250 7 месяцев назад +1

    People who profit from schemes like this schould be held legally responsible. To the point, where they can be thrown into prison for ruining other peoples lives.
    Politicians who defend such practices should be thoroughly been investigated for corruption.

  • @thelastvigil111
    @thelastvigil111 15 дней назад +1

    Nobody should have the right to do business anonymously. Ever.

  • @Vesta_the_Lesser
    @Vesta_the_Lesser 11 месяцев назад +371

    This is why housing should just be decommodified

    • @OldsmobileCutlassSupremeConver
      @OldsmobileCutlassSupremeConver 11 месяцев назад +13

      Blighted property is what we end up with when it free.
      😢

    • @armymutt25A
      @armymutt25A 11 месяцев назад +16

      Everything is a commodity. You're fooling yourself if you think otherwise. Even war has been a commodity since the rise of the nation state.

    • @janssenmccormick7824
      @janssenmccormick7824 11 месяцев назад +21

      @@armymutt25A Bzzzt wrongo, dingus

    • @raerohan4241
      @raerohan4241 11 месяцев назад +13

      No, this is why there should be restrictions on how many residential properties you can own, at least in any given area

    • @Human-qi2rf
      @Human-qi2rf 11 месяцев назад +3

      ​@@janssenmccormick7824 really, who pays ... nothing is free, what you should be fighting against is unjustified pricing against politicians (both sides) and business folks

  • @ShadowDrakken
    @ShadowDrakken 11 месяцев назад +63

    Security deposits are a joke. You will NEVER see that money back, because the landlords collude on that too. They have entire pages on how to review units in a way that let's them claim as much damages as possible.

    • @Sebastian-if9ii
      @Sebastian-if9ii 11 месяцев назад +6

      Luckily when it comes to deposits, at least in the UK, you have to /agree/ with the security deposit being deducted.
      They can take you to court to really claim it, but that is an expensive process, so if the flat is truly in a good state you can claim that any damage is reasonable wear and tear, and say that you want your money back.
      If there truly is damage though, it is best to let it go as it is not worth going to court over for you either.
      But saying "Take me to court if you want it" can be a pretty strong foot to put down.

    • @Sebastian-if9ii
      @Sebastian-if9ii 11 месяцев назад +9

      @@frankgrimes7388 Aight big man

    • @RBslowman
      @RBslowman 11 месяцев назад +1

      Also gotten all of my security deposits back

    • @mimipeahes5848
      @mimipeahes5848 11 месяцев назад +11

      @@frankgrimes7388 “I must be the only person who has a nice apartment,” he said, without irony. “All the hundreds of thousands of people that landlords abuse must be morally deficient, unlike me. I’m so smart.” Smugly, the king of anecdotes sent his enlightening youtube comment, sure in the fact that there were no bad landlords.

    • @Alarios711
      @Alarios711 11 месяцев назад +7

      @@frankgrimes7388 Good anecdotes you have there. I have 5 times that same anecdote but in reverse. And the tenants were with the landlords face to face too. Personally helped clean an apartment with a freaking toothbrush and watched in amazement as the landlord put on a white glove, slid her finger across the OUTSIDE (street facing) rim of one window in the back of the toilet. Proceeded to show us the glove was dirty and smugly denied my sister in law her 1500€ deposit.
      Actual real story, this is not a cartoon. By chance in Belgium, deposits are held in an escrow and need both side approval, we just blocked her endlessly and spammed her with legal demands. We won, only fuelled by pure spite.

  • @cleosmom
    @cleosmom Месяц назад +1

    This made me cry MORE. My slumlord in another state refuses to fix broken underground water pipe. For years I paid $30mo. Last bill was$108!! Now he demands rent increase and for me to sign new month to month lease and is threatening "serious consequences" if I don't. I'm on social security, old and crippled without family or friends to help move me. I live in old trailer. He's been selling condemned trailers to meth addicts. Maybe if i learned how to make it I'd have a good business here to pay him and fix everything he won't fix.

  • @EloiseMarriott
    @EloiseMarriott 10 месяцев назад +5

    Nice one! Need more stuff like this to educate the renters and fight back

  • @Redimus
    @Redimus 11 месяцев назад +33

    I moved into my current residence around 2003. It's a single bedroom in a very bad neighborhood. Recently there was a police stand off with an armed individual living on the block just south of me where the cops were stationed with an armored vehicle in a parking lot I can see from my living room window. Shots were fired so I could have actually been hit with a stray bullet. And a few weeks before that a dead body was retrieved from an empty lot on my own block less than 100 feet from my back door. For almost 20 years I lived here paying the same rent. $250 for the apartment and another $20 on top for sewage, trash, and water shared with the rest of the building. I didn't mind the dangerous neighborhood because I keep to myself and the cheap rent allowed me to pay a month in advance which helped in case there was some kind of emergency. That rent didn't change for those 20 years and it was easy to see why, most of my neighbors in all that time were very temporary residents and many of them were living lives that were dangerous or involved criminal activity to some degree. The building was always a bit of a revolving door of people either hoping to move somewhere nicer as soon as possible or people just looking for a place to hole-up in for a while. Then, this year, the property was sold to new owners. The woman they put in charge then immediately threatened to kick me out because, and I'm dead serious, she didn't like my attitude. She demanded I move out because she didn't like me after interacting with me twice for a total of less than thirty minutes. When I asked her nicely to be reasonable she rose my rent by $150 and basically told me I was lucky she's such a nice and forgiving person.
    She's not a nice and forgiving person. She has convinced herself this property which is across the street from a food mission and down the street from a soup kitchen and a homeless shelter would be a good home for middle class families with kids and a stable income. She's been left in charge of low rent housing and is trying to delude herself into thinking otherwise.
    Naturally she's just the property manager, and a piss poor one at that, the new owners are doing everything they can to remain anonymous and now want to get rid of the property having discovered how much of a money pit it is just to keep it habitable.
    As you can guess reading all of this I'm extremely poor so my only recourse has been trying to fix up my parents' attic so I can move back in with them. At 39. Not exactly a proud moment in my adult life. Still I'd prefer dealing with the shame of living with my parents again since at least then I'll be paying rent to people I love and respect.
    ....If we can get that attic fixed up... Everything is so damn expensive any more.

    • @jonanderson5137
      @jonanderson5137 11 месяцев назад +8

      You can do it. No shame in paying your way with family.

    • @prefixsuffix
      @prefixsuffix 11 месяцев назад +6

      Why would it be shameful ? Save up now, hard times are coming. Your family might need you too when the hard times come.

    • @Zuraneve
      @Zuraneve 11 месяцев назад +2

      Heck, I'm in my mid-40s and 4 years ago had to make the decision to move in with roommates (good friends, so it worked out pretty well) because the rent situation in my area had gotten so bad. There's no shame in moving back in with your parents.

    • @jender8022
      @jender8022 10 месяцев назад +1

      I approve of living with your parents - precisely for reason given, better to give them your money than someone who's not family. I hope you work on improving your income, too.

  • @NEPAAlchey
    @NEPAAlchey 11 месяцев назад +846

    Ive had landlords deny security deposts when i lived with my relatives. Unfortunately for the landlord we took pictures of move in day and move out day and it was cleaner when we moved out. Threatened a lawsuit and shared the pictures and suddenly they had a change of heart. A lot of these companies fold at the slightest pushback, but 90% of people dont push back at all.

    • @bc1969214
      @bc1969214 11 месяцев назад +30

      Pictures all what I've always done plus the longer you live there the more normal wear and tear come into play.

    • @Shinycelebi
      @Shinycelebi 11 месяцев назад +4

      ​@bc1969214 Just because you live somewhere for X amount of time doesn't mean squat. People do their own repairs all the time, not everybody sits on wear and tear. 🤨

    • @bc1969214
      @bc1969214 11 месяцев назад +52

      @@Shinycelebi “Normal Wear and Tear” refers to deterioration of the property that happens when the property is used as it was meant to be used, but only when that deterioration occurs without negligence, carelessness, accidents, misuse, or abuse by the tenant or guests of the tenant.
      Example, fading paint is not security deposit item vs. hole in wall is. Worn carpet over time from foot traffic vs. pet stains and so-on.

    • @Shinycelebi
      @Shinycelebi 11 месяцев назад +1

      @bc1969214 I'm not sure you're smart enough to follow my words. I'm well aware of what wear and tear is and to what extreme. I'm also well aware the tennant can fix the place up as much as the land lord can, or you telling me the land lord is going to rent the property with wear and tear. I'm not sure you're really dense or lack critical thinking, but if the person tells you they left it better then they got it, and can provide proof, then you can shove the wear and tear crap way up your arse. Thanks.

    • @exshenanigan2333
      @exshenanigan2333 11 месяцев назад +12

      We went for the lawsuit for our security deposit because they claimed they had to patch paint some parts of the house. We didn't even put nails on the walls to get our deposit back. We went to small claims court and they came with an army of lawyers and told us that if we lose the case we'll be paying all these attorney costs. We ended up dropping the case but I think we're already on some sort of a blacklist since we can't get an approval from anywhere, with a perfectly clear rental/credit history.

  • @yowaikemen
    @yowaikemen 10 месяцев назад +2

    New Jersey absolutely has no rent control, wtf is that dude talking about. The entire coast of the Hudson is getting gentrified as fuck.

  • @gidgetmarasek1927
    @gidgetmarasek1927 10 месяцев назад +5

    Very thankful to be in a rent-stabilized apartment in California. It's a lifesaver and makes me not worry about what could happen if I weren't.

    • @pedrobraz2809
      @pedrobraz2809 10 месяцев назад

      Right, but there's still a lot of homeless people there

  • @deamontana596
    @deamontana596 11 месяцев назад +117

    I have heard the part about landlords in NY not caring if a significant percentage of their units are empty from several people over the years. If this was simply about extracting as much money from working people as possible, that would not be something that they do, they would lower the prices to keep the units full, cause a unit pulling in less rent is better than one pulling in no rent. My best guess is that these companies don't actually care about the income from charging rent as much as they do about capital gains from buying and selling the buildings themselves, and that raising rents at the cost of letting units go empty, is just a method of inflating the theoretical value of the building since value of real estate is largely determined by how much people think they can charge for the rent now.

    • @biblemademedoit
      @biblemademedoit 11 месяцев назад +7

      Many of the buildings are used to get huge mortgages. That 63 unit building with just 18 units rented probably can get the owners millions and the rents they collect are used to just satisfy the bank wanting to show their profitability. It's happening in our area of WNY now that corporations from Toronto Canada and NYC are buying up buildings. They don't really care to collect rents after they add it to their portfolio. When things go wrong and they have issues with housing courts for violations they sell quickly or transfer the ownership.

    • @jacobnebel7282
      @jacobnebel7282 11 месяцев назад +4

      They almost certainly _can't_ lower the rent. Commercial real estate is weird. The short version is that if they lower rent, the loan on the property most likely goes into default. However, the portion of the payments which would have been paid by vacant units can be tacked back onto the mortgage. And they can't reasonably get the terms of the loan modified because the loan is owned by dozens to hundreds of different parties which would have to agree to the changes to some majority stipulated in the CMBS documents.

    • @UndefinedStasis
      @UndefinedStasis 11 месяцев назад

      Spot on. Additionally these individuals, use their inflated theoretical value of the building, as an asset for collateral when taking out loans to purchase more buildings/complexes. This allows them to recieve a loan that is of a greater amount and a lower interest rate than would be typically given thus, increasing the propensity of the issue.

    • @lexpox329
      @lexpox329 11 месяцев назад +1

      Also if there are no tenants in a flat then they can't damage the property, so you might actually lower your repair bills if you keep the units only half occupied.

    • @MrDMIDOV
      @MrDMIDOV 11 месяцев назад

      This is exactly it. I’ve been trying to articulate this concept for ages now and now you did it so thanks!

  • @MaxVliet
    @MaxVliet 11 месяцев назад +363

    Basic human necessities like housing should NOT be a commodity to be traded and hoarded for profit.

    • @kkirschkk
      @kkirschkk 11 месяцев назад +8

      issue there is that the amount of commodities to build them [and build them in places that are in high demand like NYC where there is little supply] are expensive and have to come from somewhere, and the upkeep ext.

    • @marcushoward6560
      @marcushoward6560 11 месяцев назад +9

      Who is it okay to enslave to force them to cut, process, and ship the lumber? Who is is okay to enslave to dig the minerals, process the cement, and bake the bricks? Who is is okay to enslave to mine, smelt, form and ship the copper for your plumbing and electrical systems? Who is it okay to enslave to drill the wells, refine and ship the oil that fuels the transportation? Who is is okay to enslave to force them to mine the ore and smelt the steel that makes the nails and screws, as well as the appliances? Who is it okay to enslave and force to mine and fire the silica to produce the windows? There is so much more that does into it than you'll ever even be capable of understanding, and no one on this Earth has an obligation to slave away for your benefit.

    • @Lpmeff
      @Lpmeff 11 месяцев назад +2

      Lol the devil in control

    • @karmatraining
      @karmatraining 11 месяцев назад +41

      @@marcushoward6560 there are many countries with reasonable laws that rein in the excesses of landlords. I don't see them enslaving anyone to do it.

    • @brendanmcculloch2406
      @brendanmcculloch2406 11 месяцев назад

      ​@@marcushoward6560 try growing a brain and then come back

  • @mikekelly702
    @mikekelly702 9 месяцев назад +1

    I rent a house from its Owner. No middle men/women/real estate/big money corps involved. He lives in the next town over from me, I see him every weekend, and I have both his numbers. I will NEVER rent an apartment the rest of my life.

  • @dirtyminerapparel
    @dirtyminerapparel 10 месяцев назад +2

    My rent went up 43% overnight. Seems like we have a really big issue. Rent is driving people out of homes and homelessness is out of control.
    Where’s our great government now? 😂

  • @theprecipiceofreason
    @theprecipiceofreason 11 месяцев назад +428

    This is an issue of political will. We don't have representatives that are going to help us. This is why there is activism. The apathy of the exploiting party cannot be corrected without actual, physical, action. They are too removed, intellectually, and have to be confronted in reality.

    • @cynthmcgpoet
      @cynthmcgpoet 11 месяцев назад +16

      I wonder how many of them are landlords.

    • @MushookieMan
      @MushookieMan 11 месяцев назад +26

      Activism won't remove the politician's hands from the lobbyists pockets. Unless you mean the 1860's kind of activism.

    • @MegaLokopo
      @MegaLokopo 11 месяцев назад +1

      Activism doesn't work, what does work is voting for your local politicians, your landlord isn't the one who evicts you the local police evict you.

    • @BleedForTheWorld
      @BleedForTheWorld 11 месяцев назад +19

      @@MushookieMan historically speaking, when the price of bread becomes too high

    • @SunnyAquamarine2
      @SunnyAquamarine2 11 месяцев назад +16

      They're too removed morally, ethically, and socially. I try to take comfort in the fact that the common people are finally starting to push back and fight.

  • @KennethWrites
    @KennethWrites 11 месяцев назад +282

    This reminded me of the time I tried to get my security deposit back after leaving the place spotless. We shampooed the carpets, cleaned the walls, went all out. It looked better than when we moved in. Our request for the deposit back was denied. When we asked why, the landlord claimed he found "rust" on the refrigerator shelves. The shelves were plastic.

    • @gokublack8342
      @gokublack8342 10 месяцев назад +42

      Did you take pictures? When you moved in vs when you moved out? Edit: Do you have that reason in writing? If you so just sue them for the deposit they can't deny return of deposit for a little rust they can't even prove you caused it. They try this outrageous nonsense because yall won't sue them

    • @-perge
      @-perge 10 месяцев назад +19

      ​@gokublack8342
      If you do somehow have a photo of the inside of the fridge, they could pivot to another superfluous detail.
      Also, I knew a friend (and their roommates) who tried to sue a landlord for their deposit back. The landlord abused the judicial process and effectively extended court dates over a year past their move-out. He ensured that if my friend was going to get their deposit back, he would force them to burn as much money and time as possible.
      And with all of this frustration, it is aggravating to know how powerless we are.
      I do not condone violence, but I will say, it would be quite a world if landlords collectively lived in fear of eating lead. From the mafias willing to serve it to them for breakfast. Or what if we just went the way of the French and de-anonynize names and threaten them with death until they back down? Again, would be a totally super whacky scenario. I do not condone the fiction stated above.

    • @theodanielwollff
      @theodanielwollff 10 месяцев назад +10

      The rental company came through the day of as a "free" pre-check to "help us" make sure everything was clean and nothing was missed. After taking notes of all the "things" this person found, we cleaned it all again and check it off the list. The next week, we were notified that the ceiling fan wasn't cleaned and half the deposit would be withheld. I cleaned that fan in front the the person who did the walkthrough. What I didn't clean was actually under the stove, but that was never brought up or listed as the reason for the withholding. Its clear the rental company just picked a random thing to list so they can keep some money. If we known that the deposit was being withheld, we wouldn't have spent 2 days cleaning and washing the carpets. The last place we rental, we just left it as is. expecting no deposit back, we actually got half. Everyone should just accept they will hold some or all of the deposit and not clean when you leave. Waste of time.

    • @lordblazer
      @lordblazer 10 месяцев назад +2

      what did you do after your landlord stole your deposit?

    • @MK_ULTRA420
      @MK_ULTRA420 10 месяцев назад +1

      ​@@gokublack8342lawyer fees will far exceed the cost of the security deposit

  • @KyrieFortune
    @KyrieFortune 10 месяцев назад +4

    It's wild to me your landlord can hide behind anonymity. I know my current landlady, she comes see us every few months and I have met her while doing groceries, when she was hanging out at her boyfriend's place (he lives just a crossing away). I have lived in the same house as another landlady of mine. I have lived in a college dorm and I knew who was in charge of them.

  • @kajsakarlsson9553
    @kajsakarlsson9553 10 месяцев назад +3

    In Sweden all rental properties that I have lived in have had a union of a sort. It’s made up of tenants and they always sit in on negotiations about rent increases.

  • @oorto1393
    @oorto1393 11 месяцев назад +173

    America overall has an accountability problem. Modern technology has made it easier to put distance between owners and customers, in nearly all situations, and these changes have always led to greed winning out which is always bad for consumers. This is what capitalism looks like when played out alongside depersonalizing technology. It will only get worse until either major laws are passed or violent protests make it no longer safe to be a greedy fatcat.

    • @stephm.3407
      @stephm.3407 11 месяцев назад +18

      Eat the rich.

    • @kohashiguchi1454
      @kohashiguchi1454 11 месяцев назад +5

      Branching off somewhat (but still completely agreeing with you), the next generation of "distance profiteers" is already making noise on social media---saying that as ChatDPT-type AI is "inevitable" and a *GOOD* as far as they're concerned, I've already exchanged chats with younger people than myself who want to do with all printed media what landlords do with places to live.

    • @kelseybrexit5224
      @kelseybrexit5224 11 месяцев назад +3

      @@stephm.3407 Eat them all

    • @azieg9ygeb
      @azieg9ygeb 11 месяцев назад

      I’d like to see a violent revolution

    • @brialapoint2608
      @brialapoint2608 11 месяцев назад +2

      Of course we do. America needs less religion

  • @SymphoniasStories
    @SymphoniasStories 11 месяцев назад +560

    Tenants - including those who live in manufactured home parks - need to have protection from greedy corporate landlords and from slumlords period. Rent needs to be affordable - not just lining the pockets of the owners. Yes, property rights are important, but landlords need to remember their tenants are human and as such have a human right to a decent place to live.

    • @WanderingExistence
      @WanderingExistence 11 месяцев назад +76

      Capitalism doesn't care about "humanity". Capitalism commodifies people as human capital to be rented by the hour, and to be squeezed by rents and interest rates. Capitalism is made for capital, not humanity.

    • @SymphoniasStories
      @SymphoniasStories 11 месяцев назад +14

      My rent went up $150 A MONTH. And they said that was a low amount compared to other current tenants and new tenants.

    • @outlawbillionairez9780
      @outlawbillionairez9780 11 месяцев назад +12

      Make renting a residential housing against the law.

    • @ErikratKhandnalie
      @ErikratKhandnalie 11 месяцев назад +35

      Property rights really aren't important. Landlords should have all their property seized and given over to the tenants and the public

    • @PistonAvatarGuy
      @PistonAvatarGuy 11 месяцев назад +26

      @@WanderingExistence That's why we need to be transitioning away from capitalism.

  • @shirtsarfati297
    @shirtsarfati297 2 месяца назад

    Props to the amazing Dorca for having the courage and strength to organize the other tenants!!

  • @TuEIite
    @TuEIite 10 месяцев назад +1

    Learned something new today : M2 Money Supply is corporate greed. Thanks, RUclips!

  • @Bearbytez
    @Bearbytez 11 месяцев назад +44

    I rented a house a couple years back that was owned by a company who had recently bought hundreds of houses in the area. I never met a landlord or any agent of any kind. It was all over email.
    When I first moved in, the company who had painted and "cleaned" the house for turnover had sprayed paint all over the floors, windows, counters. There were full tread shoe prints in white paint inside and outside the house. Thick globs of paint on the kitchen floor tiles and marble counters.
    I was never able to reach a human being to do anything about it. The "rental company" office was 3 states away. After a bit of digging I found out that the actual property owner was an AI company based in China. They just use bots to scour for homes for sale and purchase properties to turn into rentals. They use a "property management" company who's sole purpose is to handle evictions and find lowest bidder contractors for legally obligated repairs.

    • @chrismcguffin216
      @chrismcguffin216 11 месяцев назад +7

      Yeah, this is essentially Chinese companies rent seeking, extracting America's land values out of America. Easy solution (which also solves the rent issue in general), tax the full rental value of the land. That economic rent is unearned and was technically created by the community and should go back to the community.

    • @Viper-py4pg
      @Viper-py4pg 11 месяцев назад +4

      Wow I thought I felt hopeless _before_ I read this!

    • @markdyer9051
      @markdyer9051 11 месяцев назад +1

      Just like the many many other problems we face, people MUST band together and fight back in large groups. Uk has over 138000 properties owned by shell companies (No landlord actually exists).

  • @motaparatu
    @motaparatu 11 месяцев назад +33

    Around here if you leave an apartment or house empty and unlocked it's perfectly legal to move in and stay there without paying rent(aka squatting). If you stay there long enough you get ownership of the property. It's called the homesteading law. I'm pretty sure its the same in most states. Too bad I'm on the other side of the country. Free apts in NY! (of course if they lock the door you could be charged for breaking in.) When I was homeless squatting is what I did. Not illegal. Not immoral either in my opinion. No houses should be empty if there are homeless people.

    • @Metqa
      @Metqa 11 месяцев назад

      Does that extend to having empty rooms in a home?

    • @motaparatu
      @motaparatu 11 месяцев назад +1

      @@Metqa As far as I know, no. I don't know about other buildings on the property either..

    • @chey7691
      @chey7691 11 месяцев назад +5

      ​@@Metqa no all of the buildings on the property have to be vacant and unlived in for a amount of time as well. Basically "abandoned" property is the only one it usually works out with legally, but it would be nice to take a apartment building sitting around because a corporation is using it as a back asset.

  • @steveborn5986
    @steveborn5986 9 месяцев назад +2

    There are tax advantages for placing your properties under a LLC. That's why. Anyone can go to the state house and have an LLC in thirty minutes and there are no limit on how many LLC a person may own. Any more info needed just ask. People work their butts off for their entire lives and purchase real estate and repair it and rent it out. We have mortgage's to pay, increasing real estate taxes, increasing property and liability costs, increasing maintenance costs, on and on. All of my tenants have my direct phone number and some have resided in my properties for over a decade. Sure, there are 'bad' landlords but there are far more good ones. You reside in a major American city....far fewer good landlords. Location location location

  • @karius85
    @karius85 10 месяцев назад

    Beautiful, glad to see people taking action!

  • @shandrakor4686
    @shandrakor4686 11 месяцев назад +104

    You know who gets hit the most with rent increases? the elderly. Twenty-five years ago when they were 80 years old my great aunt sold her big house and started renting a smaller, easier to keep clean place all on one floor. Landlord doubled her rent three times, Landlord knowing that she was rich thought she would keep paying far higher prices then go though the hassle of moving. When my aunt found out about this she was pissed so invited her to live with us. She died at the age of 102 rather than move her to a retirement home though thank goodness for Canadian home care.

    • @DistracticusPrime
      @DistracticusPrime 11 месяцев назад

      ❤💪

    • @prefixsuffix
      @prefixsuffix 11 месяцев назад +5

      These landlords are really greedy. Something should really be done with them. Its happening all over the world. And they are lazy and greedy. The hardworking people are infact the tenants. What has the world become ?

    • @cericat
      @cericat 11 месяцев назад

      @@prefixsuffix Capitalist, people keep trying to defend the crap but the system is inherently broken when it favours wealth consolidation by design. And so called free market capitalism is just fiscal anarchy, there's no self correction there.

  • @cinemaipswich4636
    @cinemaipswich4636 11 месяцев назад +39

    In Australia, the Government, and local councils put a tax on "vacant possession", mostly to do with foreign buyers from buying then sitting on the property without tenants. This law took thousands of places back into the tenancy market. Just like Canada, most foreign investors were Chinese or Corporate owners.

    • @haruhisuzumiya6650
      @haruhisuzumiya6650 11 месяцев назад

      Investment property is not bad per se but eminent domain should be exercised by the municipalities to control the housing shortage deliberately created by parasitic capitalists

    • @lyinarbaeldeth2456
      @lyinarbaeldeth2456 11 месяцев назад +9

      Force landlords to pay monthly fines on vacant units equal to the rents they charge, and watch the market suddenly get flooded with cheap rentals.

    • @geoffhoutman1557
      @geoffhoutman1557 11 месяцев назад

      In NZ the Property Investors Union makes sure this could never happen. Lobbyists eh?

    • @aycc-nbh7289
      @aycc-nbh7289 11 месяцев назад

      But having that policy in the U.S. may be construed as sentiment against immigration and immigrants, especially at a time where we need people in certain professions now more than ever.

  • @UnveilVeritas
    @UnveilVeritas 10 месяцев назад +2

    Housing 👏is 👏a 👏human 👏right, not an investment.
    Sheer greed is one of the factors driving this.
    We've got a housing and rental crisis in British Columbia. A Landlord can not legally raise rent more than a maximum % per year but as this video shows, Landlords and REITs find loopholes and do what they can to extract as much rent as they can from tenants.

  • @BillyJameson
    @BillyJameson 10 месяцев назад +7

    I'm in the UK and it's common here to be kicked out in favour of a large rent increase. I believe Scottland recently passed a law to prevent that from happening, but England hasn't and it'll continue to happen as landlord's mortgages increase due to higher interest rates.

    • @Freedomring-uk6yd
      @Freedomring-uk6yd 10 месяцев назад +1

      zackly, understand the overhead and it all begins to make sense

    • @jamiestewart48
      @jamiestewart48 10 месяцев назад

      For years now the Tories have been talking about abolishing "no fault evictions". Years. Yet people still vote the born to rule pony-fuckers into government.

    • @annjuurinen6553
      @annjuurinen6553 6 месяцев назад

      It strikes me that this is deliberate, similar to the Highland and Lowland Clearances in Scotland in 1700- 1900. In England similarly the "common land" was seized illegally by landlords and Tories. It was called The Enclosure Act. It resulted in starvation and death for generations of people. Making tons of people into the "homeless". Looks like the same scam is being tried. I wonder how long it will be before some benighted soul decides to burn some of those landlords out of their homes.

  • @Don.M.
    @Don.M. 11 месяцев назад +146

    This is what happens when EVERY aspect of society is commodified.

    • @azieg9ygeb
      @azieg9ygeb 11 месяцев назад +12

      Thanks Reagan.

    • @Laotzu.Goldbug
      @Laotzu.Goldbug 11 месяцев назад +4

      Indeed. It was much better when housing was merely a quota to be met in a 5-year Plan. Wait...

    • @icedirt9658
      @icedirt9658 11 месяцев назад +5

      @@Laotzu.Goldbug people are experiencing real pain out here because of the way that the free market is being regulated or not regulated and here you are cracking wise about commu ism. Lame.

    • @Laotzu.Goldbug
      @Laotzu.Goldbug 11 месяцев назад

      @@icedirt9658 If you deny a man a good opportunistic joke you are, literally, Hitler

    • @TheTofucheese
      @TheTofucheese 11 месяцев назад +2

      @@icedirt9658 But that's what you are proposing. Housing cannot be free unless you want to live in a barn shared with 100-200 other of your comrades. It costs a lot to build and maintain a property. You are not entitled to the labour of other people for free. NYC is particularly bad because people are willing to pay shitty prices for shitty apartments. The problem is not just the landlord, its the tenants too - get out of NYC, stop being so masochistic and allowing yourself to be taken advantage of. If you owned a property, you wouldn't want to lose money or see your own property depreciate. Landlords can be shit in NY, don't have to argue with this, but they can do this because there are tenants willing to put up with it. If demand falls, the prices fall. You can literally defeat the landlords by telling them, no, we are not putting up with your shit anymore. Also, the ridiculous taxes imposed upon citizens by the political class means that at each level, landlord or tenant, people are earning less, so there's less spending power. Landlords keep prices high just to make any sort of profit, tenants get taxed to oblivion so they have little option.

  • @exshenanigan2333
    @exshenanigan2333 11 месяцев назад +94

    8:24 Our previous landlord withheld our security deposit even though we haven't put a nail on the wall. They said they are charging us for "patch painting". I checked the laws and that's considered a wear and tear item and can't be a reason to withhold security deposit. We went to small claims court. They came with a bunch of legal presentatives, my wife got scared of legal fees if we lose the case so we ended up dropping the case. Since then all the rental applications we have done have been negative, even though we have perfect rental history. Really messed up stuff. Yeah there are laws against this but how are you going to prove that the landlord rejected you because they saw your name on court documents? One potential landlord told us that their phones stopped working so they renting the place to someone else. We are pretty much being punished for seeking our rights in the court.

    • @OloRishaCreole504
      @OloRishaCreole504 10 месяцев назад +7

      I would let loose termites..rodents and bugs in that building

    • @lizxu322
      @lizxu322 10 месяцев назад +14

      No...never drop the case. They wanted you to be scared. A good judge would see thru shoddy landlords asap

    • @blahblah2779
      @blahblah2779 10 месяцев назад +5

      Hire a cartel gang. Never an attorney

    • @Plznojudge
      @Plznojudge 10 месяцев назад +2

      You should have went through with the court case I’m afraid. Nothing like good ol environmental terrorism with some termites couldn’t help out with

    • @sweetums8148
      @sweetums8148 10 месяцев назад +2

      Always take the case before a judge and come with ALL the receipts.
      I understand the fear, but if it’s a lose lose either way then I’d take it back to court if the statute isn’t over, and sue them for legal fees if at all possible. But not everyone can so easily do this I know. Easier said than done.
      But if you get a lawyer in good standing with the bar and good standing with the court and a good judge.
      Sorry that you went Thru this

  • @peterj5751
    @peterj5751 10 месяцев назад +5

    The landlords should remember history. Many a revolution has happened because people have been treated like this until they feel they have no choice. It isn’t hard to see the growing anger of more and more people pushed to the brink.

    • @verakoo6187
      @verakoo6187 10 месяцев назад +1

      Who are we gonna revolt against exactly? Lol revolting against ur landlord is just called murder

    • @studytime3461
      @studytime3461 9 месяцев назад

      My old slumlord personally lived through mao's cultural revolution!(yes... THAT "mao's cultural revolution"...were the chinese people got so fed up with landlords and economic elites that they murdered and cannibalized some of them en mass!) And yet this bonehead moved to America and decided to become a slum lord! Like he wants history to repeat itself over here! It is shocking!

  • @whothefoxcares
    @whothefoxcares 9 месяцев назад

    NEVER EVER rent property owned by convicted felons. THey're unable or unwilling to be honest and always need more money.

  • @mercedesmartinez8352
    @mercedesmartinez8352 11 месяцев назад +174

    I'm going to start praying for these slumlords to either face prison time and/or that they loose everything they have and end up on the streets homeless. May they be treated with the same respect they gave the tenants. Disgusting.

    • @johnowens5342
      @johnowens5342 11 месяцев назад +1

      Who do you offer that prayer too?

    • @GodplayGamerZulul
      @GodplayGamerZulul 11 месяцев назад +2

      @@johnowens5342 Gangstalkers, they tend to kill people with power.

    • @zeppie_
      @zeppie_ 11 месяцев назад +4

      @@johnowens5342 Not to any merciful god, as they wouldn't let landlords exist in the first place

    • @johnowens5342
      @johnowens5342 11 месяцев назад

      Perhaps at some point in life, you will choose to better yourself to the point of being a home owner and not have to be bitter.

    • @johnowens5342
      @johnowens5342 11 месяцев назад

      @@GodplayGamerZulul they only kill people without power :)

  • @qoka8939
    @qoka8939 11 месяцев назад +443

    As a german I always wondered why americans hated their landlords but after seeing the laws or rather the not existing laws for tenant protection i understand them. Here in germany these laws are already established as far as i know and i have never heard anyone talking about a lease for their home. I feel like they don't exist so you never have the fear to be kicken out. Hope your family now has a nicer landlord

    • @cericat
      @cericat 11 месяцев назад +46

      Leases exist in Germany, and so do bad landlords (and seemingly on the rise from what I've read recently), thankfully though it's harder for them to prevail in your courts so 3 month notices while they exist often don't go well for a landlord without good cause to want the premises vacated.

    • @AlexMint
      @AlexMint 11 месяцев назад +19

      It's also super common for landlords to sexually exploit their tenants in the US, even if the tenant isn't falling behind on rent.

    • @stevenmoscoe7978
      @stevenmoscoe7978 11 месяцев назад

      Proposals like this in the US usually generates a lot of fake worry over property rights. The landlords tell everyone else if the government can tell them what to do with their property then the government can tell anyone what to do. Between that and scary words like communism being used, it's extremely hard to get anything passed.

    • @redbycarter
      @redbycarter 11 месяцев назад +3

      I had an ex from Germany, who'd get offended when I shit on my landlord

    • @AlexMint
      @AlexMint 11 месяцев назад +14

      @@redbycarter I mean that's something to do in private, or maybe on camera.

  • @chunkEcheez
    @chunkEcheez 10 месяцев назад +3

    That's messed up. We have laws to protect tenants in Canada and limits on annual rent increases. In fact, many Canadian landlords complain about how tenants have more rights than they do (which is obviously a good sign, as you know!!!) However, the Canadian "workaround" or loophole is that landlords will either move-in a family member or perform a renovation so they can evict the current tenant legally. Then, they jack the rent way up after that.

    • @Fido-vm9zi
      @Fido-vm9zi 10 месяцев назад

      Those laws are required because of the shady predators

  • @iamjeramy
    @iamjeramy 10 месяцев назад +399

    For New York, specifically - The building owners all over NYC are refusing to rent out their spaces for less than the "Market Value" for years on end because lower rent means their building has a lower value. The government is also not being helpful with this problem because a LARGE portion of the budget is driven by property taxes. If the value of the buildings goes down, the budget goes down. So the owners are letting both businesses and rentals sit empty to maintain their value.
    It is a vicious cycle that will only be broken when NYC goes bankrupt or enough owners default on their property loans to force a change.

    • @Christy.1
      @Christy.1 10 месяцев назад +23

      I can't believe I"m going to say this, and I very well could be wrong. I wonder if it might almost be a better scenario if the govts used eminent domain and snagged these apartment buildings from the landlords/companies for the "betterment" of the areas. At least there'd be more housing units available that way, and affordable ones at that. By no means a fan of ED or govts either. It's kind of like which is the lesser of the two evils. And in this case, it seems the lesser is the damn govt.

    • @mykeprior3436
      @mykeprior3436 10 месяцев назад +41

      @@Christy.1 stocks would absolutely tank. And I wouldn't care. The boomers retirement living way beyond their means by means of generational slavery was never ok.

    • @GruppeSechs
      @GruppeSechs 10 месяцев назад

      @@Christy.1 The fact you think the goverment doesn't already own these buildings is adorable. Blackrock and other companies (some HQed in China) and the current administration are all bedfellows. Or let me put it this way. The current effective government are the lackeys of these multi-trillion dollar companies. What do you think will change when their goals are aligned?

    • @TheAxeaman
      @TheAxeaman 10 месяцев назад +1

      The government/state is just a tool for the owning class to funnel through money from the workers to the owners.

    • @gwencatz2483
      @gwencatz2483 10 месяцев назад +21

      That's like going "I'm starving and I have all of this gold, but I won't sell it because what if I'm paid less than it's worth? Better hold out until I get a REAL payout" and starve to death anyways.

  • @NilResidence
    @NilResidence 11 месяцев назад +66

    Great video, It's absolutely a kick in the face when they withhold or refuse to return your security deposit. Especially if there's no damage and a clean apartment. Our last landlord (which is also an LLC) said they would give us ours back, but has failed to do so since February.
    I know it's slow and intimidating, but don't forget to take advantage of the legal system. We saved all of our emails, text messages, documents, and recorded out apartment on move in and move out and are currently in the small claims process.
    Some people may say there's no point or think of it as to much work, but its absolutely necessary seeing as we worked for that money, they have a legal obligation, and not doing anything just confirms to them they can get away with it.

  • @IMeMineWho
    @IMeMineWho 9 месяцев назад +1

    There should be caps on all rents..not just ones built decades and decades ago.

  • @rpvitiello
    @rpvitiello 8 месяцев назад

    NYC needs to start charging a vacancy tax for any apartment that just sits vacant more than 90 days un rented.

  • @Skye-Cabbit
    @Skye-Cabbit 11 месяцев назад +137

    A majority of people age 30 ish or under are having a hard time with housing. We narrowly missed the affordable timeframe where we could consider buying a home before it inflated ridiculously. I’m 31 and I’ve been living with 2-4 other roommates around age 25 for the past 8 years. Property managers in Phoenix Arizona are hit or miss. They either communicate, repair things and act like they care, OR they ghost your emails, fix things cheaply, random 100$ fees each month and keep deposits whenever possible.
    They literally don’t care about how tough things are, they try to milk renters for every penny.
    2 years ago in Scottsdale, 2021 my “landlord” tried to double our rent when we went to renew the lease. They said “If you’re not okay with the price, you can leave”
    Then they sold the house and kept our deposit even though we spent 5 days cleaning it.

    • @AlexMint
      @AlexMint 11 месяцев назад +9

      My favorite is how at this point even if you're making above-median income, you still can't rent due to the 3x rule metasticizing into the 4-5x rule in a lot of areas when it comes to rent-to-income ratio, not that 3x really works either when the rent's $2k for a unit that hasn't been updated since the landlord was born. Like I've never made more than $20k, what am I supposed to do?

    • @kristiyanivanov7414
      @kristiyanivanov7414 11 месяцев назад

      sucks to be poor

    • @AlexMint
      @AlexMint 11 месяцев назад +10

      @@kristiyanivanov7414 okay but it's literally the landlord's fault that people making above-median can't rent without a cosigner.

    • @NightmareForge
      @NightmareForge 11 месяцев назад +3

      Paid a professional to mow the lawn, setup the flower beds, and otherwise super prepare the lawn better than we'd gotten it. Landlord charged me 500 bucks for an unmowed lawn and yeah.. what do you do? Sue? Get blacklisted, what do you do!

    • @TheCountOfMonteCarlo
      @TheCountOfMonteCarlo 11 месяцев назад +8

      @@NightmareForge Damn that sucks, here’s the thing I don’t get: if landlords can blacklist tenants, why can’t tenants start collectively figuring out who all the landlords are, taking down their names and addresses and start building public “blacklists” of our own? Ultimately a human is making money, so the buck has to stop somewhere. Millennial: “oh, I’m sorry , but I can’t provide ”

  • @Owlettehoo
    @Owlettehoo 11 месяцев назад +36

    I live in a small town where all of the rental properties are houses, not apartments or condos. At the end of last year, my friends (and neighbors) got notice from their landlord that they were planning on selling to an investor and that they should look for another place to live. Obviously, they didn't want to move, having to move would mean that their rent was going to double. They had an inspector come out to look into maybe outright buying it for themselves so they wouldn't have to move, but there were so many things wrong with the house, because the landlord never actually fixed anything, just threw bandaids on everything, that in order to fix everything, that half of the house would need to be completely demolished and redone, and at that point, you may as well just completely rebuild. There was mold, leaks and water damage, electrical issues, foundation damage, plumbing issues, any possible issue you could think of, that house probably has it. And now, six months later, it's still empty, the grass has grown up, and NO ONE has even come to look at it. One of my other neighbors actually came and bushwacked the front yard a couple of weeks ago so it wouldn't look so terrible (and to prevent pests). So now, instead of having some income from the house, they have none. Renting is a fucking scam.

  • @Priest_Of_Zebak
    @Priest_Of_Zebak 10 месяцев назад +2

    You do have negotiation power if you don't want to pay the rent price.
    It's called moving.

  • @brwi1
    @brwi1 10 месяцев назад +2

    Problems caused by government action can’t be solved with more government action

  • @hs3881
    @hs3881 11 месяцев назад +563

    Finally somebody who's beginning to uncover the absurd greed, corruption and extortion that's been destroying the lives of millions. Thank you, please do not stop, we need more of such content!

    • @csehszlovakze
      @csehszlovakze 11 месяцев назад +16

      also funny how it's not a mom&pop landlord but a corporation (probably blackrock) doing this!

    • @moartems5076
      @moartems5076 11 месяцев назад +7

      Yeah, except it has always been obvious how landlords are like that. Its only the details being uncovered

    • @f1y7rap
      @f1y7rap 11 месяцев назад +11

      NO, he didn't come Close to showing how it works, how its allowed to go on. And its been going on for 2 centuries. Stop and look at how many retail and office spaces are vacant in NYC and nearly every other city. Louis Rossman has been pointing it out periodically for near a decade. All this vid did is to trigger a bunch of low hanging fruit. None of the "proposed" solutions have a hope in hell of fixing anything (since they've been done before elsewhere) because they want you target fixated on the one hand while the other reaches into your pocket. "You will own nothing, and be happy"

    • @csehszlovakze
      @csehszlovakze 11 месяцев назад +3

      @@f1y7rap while true, this low hanging fruit might help out a few dozen ppl.

    • @earlysda
      @earlysda 11 месяцев назад

      hs sees one video and thinks he understands the situation?