Unaffordable housing: It's cheaper to rent than buy in metro Atlanta
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- Опубликовано: 10 июл 2024
- The 50 largest metro areas in America all have at least one thing in common, it is more expensive to buy a starter home than rent on a month-to-month basis.
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Once upon a time, families could live comfortably on 1 source of income. It's disgusting what has happened to the middle-class. There's no reason SHELTER, food, and clothing should EVER be unattainable.
Republicans and Democrats don't serve their constituents: they server their corporate masters.
Keep voting Democrat and you'll keep getting incompetence
This was done intentionally because long-term, it is more beneficial to own. The corporate owners are making a killing with the long term rental market.
Just rent and save cash for a bigger down payment so you can do 15 years fixed later on. Interest rates are high so you can put it in a CD. Theres always a solution where you can win, dont be mentally lazy and hopeless.
It's done intentionally because Metro Atlanta has an extremely high pop. of Blacks 47.8 %.
@@aaap3875 what? You gotta keep up.
@@aaap3875Don't be a delusional, ignorant, condescending simp for builders and the mortgage industry.
@@aaap3875I believe he is correct and you are gaslighting. ⛽💡
You will own nothing & be happy: WEF
Was going to write the same thing! It's a shame
Italy and Japan have affordable homes, virtually no violent crime or theft, no border crises, and high quality food, education and better healthcare than the US.
Facts
I live in Italy by the way of New Orleans. It's sooo true.
@EdgeTradingFX- I can attest to 311 Japan
Then I don't understand why people from other countries want to keep coming to the US. Makes no since. Why don't they fix thier own countries and stay out of ours. Then just maybe...just maybe we can fix our country. I wish I had lived back in the 50's. Back when the husband went to work and took care of his family and could afford it and the wives stayed home. Cleaned thier homes, cooked, and raised thier own children. Some how I was able to do all that and work. Nowdays, both parents work and still can't afford a home for thier families. It's a sad.
you forgot the part where their economies suck and have sucked for a while. Japan 42K average income versus 76K for the US. Italy is 38K. Yes, Italy in particular has more social benefits, but those are huge differences.
The entire landscape has become none-feasible when the living wage is still on the pay scale of pennies on the dollar…
The American Dream has turned into being able to buy a nice van and live in it. lol ATL has turned upside down. They rather people live on top of each other in modern day projects.
Seattle prices are even higher. But rents here are also ridiculous. No way for new families to swing it anymore.
A neighborhood I grew up in in Dallas, Tx that were $130k up til 2015 are now 250k. Homes built in the 1960s. I wish my income had ballooned along with that.
I could never afford 250k
I’ll tell anyone🌄 , I mean anyone, if you got something, if it’s a hole 🐀in the wall, a shack on the side of the road 🏚️or even a mobile home! You blessed 💯 🏡. Just Pay taxes on it, to keep it, invest in it to fix it up if needed. Just having something right now is the goal like brother said💯🙌. Thank you lord I got a roof over my head, and help the ones that really need it 🙏🏻🙏🏻🙏🏻🌄 may not be something you like , but you got it✅✅🙌
Thanks to allowing Corporations & Hedge funders out-pricing the market by being allowed to purchase single family homes, then turn around and rent them.
I can afford. I refuse.
My exact saying also . The banks says go for it . I say no , not today at that price .
what that guy said was 100
Getting rid of your home and finding another one is bad to .
Why are they making things people can not afford, its like they are not interested in making money?
Greed.
The bank says “ let’s get into a house . You’re going to have to be aggressive with your offer “. I chose not to be house poor and over pay . If there are no comps that support your purchase price you’re chasing and overvaluing .
Pricing issues - Greedy sellers . Example Lagrange GA . You can purchase a new construction 1300 sqft 2/3 bed 2 bath for $174-$199k . No bidding wars no waiting list ready to purchase move in . Then we 6O-100 yrs old needing full rehab right next door for $200k + . We have sellers who are out of touch on the market right now . If new construction is not moving , why would your older home needing massive repairs move at the same rate . Very alarming .
If you can rent at 1800 to 2000 per month u can buy...sadly they don't want u to buy
Unfortunately, that is how it is looking in the Atlanta metro area. I am in the area and I talk about the unaffordability all the time. The average person in the Atlanta metro area does not make enough income wise to afford these high priced homes. Something has to be done in regard to regulating the price of homes in the area. Instead of suing for commission creating false hopes of house price dropping, actually cap the market for a certain number of years to make sure people can actually afford homes. Create a better plan for Americans that want to own to be able to obtain homeownership, that is all I'm saying.
It's sad. Smh
I think i have a solution just gotta build tree houses i guess that is the cheapest way 😂❤
People can't afford to rent either. It's no different than price gouging. These houses are not even worth it. I've seen single wide trailers for rent , $1700.00 a mouth!!! 😡 That is ridiculous!! People are working and can't afford the live anymore. That's why there's so many ppl homeless nowadays. My friend and his wife had to move out of thier house that they were renting because thier landlord went up on thier rent $300.00 a month. Then less than 3 three months later....the landlord went up another $300.00 more dollars a month. Plus, he has cancer. He had been living there for 20 years. Now him and his wife are homeless. It's wrong....!! They have blue books for cars. Why not have blue books for housing? The laws neeď to change.
26 is too young to buy a nice home. Better option would be to get a home that needs work
problem there is not entry level homes to buyl 20s are when you can make a lot of money towards a home.
@@zacharyalexander5079 should buy a fixer upper
@@hgoodman9 some areas...that would make zero sense.
@@zacharyalexander5079 I mean if you want a home you have to take what you can afford. When people say homes aren’t affordable what they really mean is “I can’t afford the homes that I want” in most cases.
@@Mr.HootieHoo Uh I’m in my 30’s
Where are you going to lock in rent payments for 30 years?
He is looking in all the wrong neighborhoods! My house mortgage is less than my son's rent. Should have brought in 2018 instead of listening to people telling you renting is better. 😂😂😂😂
Just stop! Renting is NOT more affordable! Watch out, renting from these large corporations only gives THEM the power to control. You have to make 3X the amount rent, deposit, 1st & last, many pet restrictions & extra rent per pet, over priced application fee for anyone 18 & over living on the property, waiting for repairs from leasing agent if you can get ahold of them & don’t forget having to deal with ignorant HOA’s!
He needs to buy a fixer upper. He is 26 years old, fix it up, build some equity, and after 10 to 15 years, use the equity to buy a bigger home. There are fixer uppers out there. Don't be lazy, just look.
You realize you have to convince a bank 😂😂
"Fixer upper" is 300K+
@@zacharyalexander5079FHA 203(k) Loans
The Federal Housing Administration's 203(k) loan program gives mortgage borrowers a way to buy and renovate a fixer-upper. Unlike a typical FHA home loan, it includes the purchase of the property as well as the cost of repairs and renovations in the mortgage amount.
There are no “fixer uppers” where I live. A burned out former meth lab is going for $500k here in Northern Virginia and that’s considered “cheap” (just be ready to haggle for that house like you’re at an auction because you can get your backside that every real estate firm and their mom is holding their hands out waiting to snap that house up as soon as it goes “live” on the housing market).
And to think there are still fools out there who mock me for moving back in with my mom, rent-free, at 39 y.o.
😅😂🤣
It's cheaper to own long term if you know what you are doing
Why would you live there anyway?
I see a lot of people say they cannot afford to buy a home. And you should see the lifstyles that they live. They have to get the newest Iphone, Air Jordan, Nails done every 1- weeks, Luis Vuitton purse, not to mention the false lashes that they have to maintain at $90-110 a month. I am not saying don't take care of yourself and look great. But don't come crying when you cannot afford a house.
squat
Buy land my people 🤌🏽🙆🏽♂️🤦🏽♂️🤘🏽💯🤸🏾♂️🤸🏾♂️🤸🏾♂️
Joe says everything is roaring. Economy is crushing it!!!
There is no American dream anymore being homeless is the common way we Americans live and panhandle beg out of the dumpster 😂😂
Americans getting devoured by what they worship most... their beloved Capitalism. Lol
Just rent and save cash for a bigger down payment so you can do 15 years fixed later on. Interest rates are high so you can put it in a CD. Theres always a solution where you can win, dont be mentally lazy and hopeless. Problem is everyone wants everything right now, instant gratification. Wait 3 years and come in with a lot of cash savings. Then you can quickly pay down the 3 years you've missed wiht the cash.