'Ridiculous' rent increases leave Las Vegas tenants struggling to find affordable housing
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- Опубликовано: 10 мар 2024
- Thousands of people in the Las Vegas valley are struggling to make rent as experts say the lack of available affordable housing is verging the level of crisis.
I was turned down by every apartment complex I applied to in Vegas. They required a 720 credit rating and 5 years of tax returns. Plus, they all charged between $100 and $300 application fees which you lose once they turn you down. That is the biggest scam of all.
That "fee" should be outright illegal. It's worse when you don't even know who you applied to: Oh, you didn't apply to the Real Estate company showing the house, you applied to "BOB", our arms' length rep. He has your deposit........along with a hundred others (that's 40 GRAND), and he actually DOESN'T have any place to rent or lease. He'd just taking applications. I see that online suspicious all the time.
That is outrageous. It's almost like they don't even want tenants and prefer to make their money off of hundreds of application fees.
The cockroaches have won.
That shit should be illegal
The high application fees should be illegal! There's absolutely no cap. People are already on the hook for high rent and they have to lose 1000 dollars applying to apartments, too?
Keep building these fancy stadiums. Keep allowing corporations to buy out all of the houses
It's not the stadiums, it's corporations from out of state that is buying up homes. Also 40 yr record high inflation - thanks #BidenHarris!! 😠
They said this would bring good things for the locals, 4, years later all the stadium brought was higher cost of living. A second stadium and these people will go homeless. And they want a basketball team ~ ask these people where’s the benefit from bringing the Raiders ( high rents and high crime) that doesn’t make sense.
@@anthonymartinez4307 they want to introduce a state tax like California
it's a war on the poor....
And keep sending more money to Ukraine 🇺🇦
In 1970, my father worked, my mom stayed home and raised us. He bought one acre of land, built a 3 bedroom, 2 full bath home for $24,000. That is what America was like back then.
That was before we got off the gold standard and started printing money like crazy destroying the worth of the dollar
Times change. There is no waiting on you.
But you know Elon and Bezos 10th descendants will never have to work so it's all worth it
those days are over
meanwhile you haven't done anything, great progress
All you have to do is look how a country treats its children and seniors that will show you who they really are
Exactly right.
Go look how rest of the world treats their citizens.
I'm a senior, I prepared for my retirement years. So many of my friends and coworkers laughed at me for buying a house, working an extra shift a week to invest, max out my 401K, drive a 15 year old car to save money. We had every opportunity to buy an affordable house that was easy to qualify for back then, unlike today.
@@thejuicerr you never left your mama's basemen so how would you know
@@eclisis5080 I've traveled the world sonny boy!
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
In NORTH DAKOTA ... a CORPORATION is NOT allowed to own a FARM or even a PHARMACY. Sounds like we need the same RULE for HOMES and APARTMENTS ... nationwide!!!
Apt or townhome complexes are okay for corporate ownership, not residential homes and properties.
@@matthewronson5218
Even APARTMENTS and TOWNHOME COMPLEXES need to have LIMITED CORPORATE OWNERSHIP ... or, this would be all you would see on the market as corporations would see fit this is ONLY what gets BUILT.
we had those rules for keeping banking separate and obama did away with that with a piece of legislation infamously known as Dodd-Frank, it undid Glass-Steagall. both political parties have been successfully coopted starting since the 40's
Just call it a store and put a pharmacy in it. I've never been to N. Dakota but I bet there are CVS Pharmacy stores there
@@smplfi9859
Back in the "old days" ... BANKS where NOT allowed to CROSS STATE LINES because of the CONCERNS of a MONOPOLY. BUT ... that has CHANGED. Regan did well to "change the rules" to FAVOR CORPORATIONS, as well. Perhaps ... FEDERAL and STATE RULES could say that ALL PROPERTY OWNERS MUST LIVE WITHIN THE STATE??? This would be the rules ... too, to PREVENT MONOPOLIES.
Banks, hedge funds and corporations need to be banned from buying homes to rent or to hold as investment vehicles. It’s that simple. This is getting ridiculous and lawmakers need to step in and protect the citizens that put them there to make laws that improve their lives. We didn’t put people in power to help the powerful.
Run for office
Politicians don't care about peasant citizens. We exist to get taxed, nothing more
It's almost like you people love capitalism until you're on the wrong side of it
I was saying this 7 years ago because I saw it happening: people in the comments just said “you can just move then.” 😏
Now it’s happening everywhere in America. Nothing to do with political parties; it’s just greed.
it is your lawmakers that are killing the small landlords disappear and making it easier for corporations to take over.
But we have 380 million to buy a stadium for a billionaire. My rent is 1500 a month. I am having to choose between eating and rent.
🙏🏼
Keep voting Democrat !!! Biden has been President since 2020, whats the excuse ???
1500 a month and you can’t eat? Maybe time to reevaluate your life choices.
I remember when Vegas used to be affordable.
When you have professional sports teams move in that alone can drive up living cost.
I remember when DallasTX was affordable.
Keep voting Democrat !!! Biden has been President since 2020, whats the excuse ???
The entire 3x of income to rent ratio is absurd and an outdated metric to determine someone's ability to pay rent.
Facts 💯
Exactly
The city allowing people to charge for an application tells you the stagnant incompetence. They are making people homeless.
It used to be 2.5 times the rent not too long ago. Now I'm seeing 3xs and one place for senior housing was 3.5xs!
Well if the average rent for a 1 bedroom is 80% of her pre tax social security check, she needs to get a few room mates no matter what math you use.
Ban wallstreet from owning houses and rent will go down
Ban ban ban. You have all the answers.
Pffft
It's never going down. All land and homes will be owned by huge conglomerates. They have already allowed foreign entities to price fix the market. This is what globalization looks like.
Protest, protest, protest! Nothing is going to be accomplished being keyboard warriors!
Again, when Bernie pointed this out years ago he was told to shut up socialist.
Here in Phoenix, a few large-scale landlords are being sued by local authorities for using some algorithm to wrongly calculate rent increases. Hopefully, it leads to progress and corrections.
youre referring to yieldstar
The software is called 'RealPage'@@Aeternum_Gaming
That algorithm company is being sued in some other locales as well for that very reason.
@@ahuras238 Great to hear that! No word on how or when the artificially-high rents will decrease, however. The issue cannot be simply left to rot away society any further. Rents should be aligned with income.
@@Aeternum_Gaming Thank you.
During the mortgage crisis during the Great Recession they evicted people in mass which caused massive blowback. This time it’s not toxic loans but massive increase in rates.
en masse
people were evicted because they gave mortgage loans to people that couldn't afford them. Bush wanted everyone to own a home which is a nice idea, but realistically, many that were given a loan could not even afford the first house payment. The house of cards came tumbling down.
Keep voting Democrat !!! Biden has been President since 2020, whats the excuse ???
40% of single family dwellings are owned by institutional investors, that needs to change or rent will never be affordable again.
Nah, private owners are price gouging too.
makes you wonder what they will do when no one rents them. maybe they will move the house to china.
So-called pro-tenant laws are driving out “mom and pops”. CA‘s Prop 19 makes it even more expensive to own a rental for heirs, so they just sell the property to whomever.
Vote for RFK Jr. He has a plan on how to take the big corporations out of the private home market. He explains exactly how he will do that in his videos.
I believe something beyond even tragic would have to happen for rents to become affordable again such as the reinstatement of the military draft that would deplete the population. As it stands right now, even some shelters charge homeless people for an overnight stay. I believe in order to have housing most people will have to work, literally, until the day they die.
Sending my love and prayers to this lady and others facing the same.
It’s just gonna keep getting worse and worse.
It is impossible to pay rent anywhere and live on Social Security.
You’re not supposed to “live on S.S.” Social Security is supposed to be the “cherry on top” of everything SAVED over the decades (stocks, IRAs, securities, savings, etc). 🤷🏼♂️🤷🏼♂️🤷🏼♂️
@@eddieg6436not for everybody idiot
@@eddieg6436 - Well you can say all you want about how it SHOULD be, but the FACT is that there are a huge number of elderly that ONLY have Social Security available to live on, and all the 'you SHOULD HAVEs' isn't going to solve the problem of affordable housing for them.
It only takes one or two things to put a person on the street these days; loss of job, failed investments, bankrupt retirement plans, catastrophic medical event(s), theft of savings (scam victim), foreclosure, or eviction (for whatever reason), to name a few.
@@WarHawk-What ever happened to “if you fail to plan you plan to fail”? I can solve the problem of affordable housing for them. It’s actually very simple. They can get roommates. I know that sucks and no 60 year old wants the life of a poor 19 year old college kid, but that is the life they created for themselves by not ever planning for their future. Especially considering they had decades of their life where they could have bought a house for like 75k and chose not to.
@@BLdontM - You're not wrong, though the phrase "Best laid plans of mice and men" comes to mind. I've known several elderly that did everything right, only to have the rug pulled out from under them through no fault of their own - failed banks, stocks crashing, bankrupt retirement fund, unforeseen medical expenses - it happens.
It's the whole country and more... It's like they want everyone to be homeless.
Pro tip, they do. They are owned by corporations and the corporations tell them which bills are passed and which are not. They want everyone to be scared so you'll keep going to those shitty jobs with longer hours and less benefits and pay. It's like George Carlin said, they got ya by the balls.
BINGO!!! This is happening in so many states.
@Ghost_Dance-dy5wc
You think the rent is so high, Wait until the orange 🤡 go in.
He's gonna make his family super billionaire.
RFK JR 2024 🇺🇸 INDEPENDENT.
@Ghost_Dance-dy5wcAnd you’re sure Trumps tax cuts for the rich has nothing to do with it?
@Ghost_Dance-dy5wc Keep voting Trump. It's obviously worked out so well for you.
I am bring in 4K dollars yet i dont qualify to rent a one bedroom, because one bedrooms go for 2400 dollars and they require you to make up to 3 times the rent.
So unreasonable! I hope you find something soon...perhaps with a small mom and pop landlord rather than these corporate money makers.
Keep voting Democrat !!! Biden has been President since 2020, whats the excuse ???
Maybe you should move to some place where the rental is cheaper.
This should not be happening to anyone.
The world is getting expensive
Keep voting Democrat !!! Biden has been President since 2020, whats the excuse ???
They require 3 times the amount of rent then raise the rent once your lease is up forcing you to work longer hours to the point you’re never home, what a bunch of BS!! 😡
Social security must be raised what they give is a joke
its already bankrupt, where are they gonna get the money? congress borrowed all of it and never repaid it
Especially when you consider that any increases are always completely absorbed by the increases in your various insurances, even for a very healthy person. Meanwhile, not a penny left for the increases in food, gas, sundries, etc.
You are allowed to save money while you work, too. In fact, if you don't have a pension, you'd be a fool not to save and invest at least 10%.
@@alanj9978 if u work they will cut down your asstant as well
“They” are going to take it away. (republicans)
I'm 69 and am back working. I also make pot pies and home made pizza for the neighbors to get them through the week. Absolutely do whatever it takes to make it. Lift others up, too. Where your attention goes the energy flows.
Keep voting Democrat !!! Biden has been President since 2020, whats the excuse ???
I'm a landlord. I'm old enough for social security and I absolutely sympathize with these seniors. Unfortunately on the business side, insurance has gone up for me by 25% PER YEAR the last 4 years. Materials and hardware 100% over the past 4 years. And an increase of 3% SS increase for seniors is a slap in the face. Personally I know EXACTLY who to point the finger at.
Everything is going up 👆 except our salary
If you're lucky enough to have a job while companies are cutting back and consolidating positions.
@@Cerez78 funny but everyone I know is working and getting overtime. plenty of jobs out there if you're willing to work.
We owe our souls to the company store🎶
Wages are definitely going up. Unemployment is still near record lows.
@@thejuicerrwhatever increase in wages you may see is cancelled out by inflation.
Imposing application fee on applicants is unacceptable. That's pure greed.
I question if it's actually legal. They aren't providing any goods or services...just rejecting the application for a fee.
Well, it takes time and effort to process applications, so a reasonable fee is one thing, but when it's a revenue stream it's greedy opportunism
My parents just went through this hell in Los Angeles since they are also retired. Something is going to beak if nothing is done. Seniors can't afford anything, students can't afford anything and these people asking for these exorbitant amounts just to qualify is highway robbery. Im glad a new law passed not allowing for this type of thing here but the country is on a downward spiral. Shit will hit the fan if this keeps up.
You would think, but people are just moving to the desert in CA or out of the state. People need to rise up and demand more from their state politicians because the federal are so corrupt they won't do anything, but if you pressure local ones, you have SOME small chance of positive change.
Its more important to give illegal invaders food, shelter and health care than to take care of its citizens. FJB
Or him sending our tax money over seas while our country is getting screwed!
@@anthonymartinez4307 yep
they have to be here a year before they can vote, that's why they been importing voters, just in case we get wise to see the cheat, if they even count votes anymore.... it's the electoral college that votes for us, it's their SELECTION NOT OUR ELECTION.
All that "food, shelter and health care" that you're talking about come from city, county, or state coffers, not Federal. If Federal money was used it was because the city, county, or state transferred the money from city, county, or state projects that had been Federally funded.
(i.e. Feds sends money to state for use by county for upgrading bridges - state instead redirects that money to build homeless shelters). Yes, technically, it's Federal money, but it wasn't sent to the state specifically for migrants, nor was it meant to be used by the state, for migrants.
@@WarHawk- I'm sure that'll make the struggling citizens feel better, Mr clueless
“You will own nothing and you will be happy” Black Rock.
People used to say that was a conspiracy theory but now we're seeing that it is not.
Biden and friends work for the World Economic Form not for the good of the American people. That being said there are Republicans who do the same.
Several attorney generals in other states are suing the apartment management companies for price fixing and colluding using collaborative software that sets a price and they all agree not to undercut it. It's a cartel. I would like to see our attorney general start suing some people and imposing multimillion dollar fines.
I cant believe some many of us have the same problem.
What if we all got together and peacefully went down to the mayor/ attorney Generals office and some how demanded action.
Couldn't hurt
@@cynthiagill2334 I'm working 50 hours a week AND going to school. Social activism is for students and retirees who don't work. If you have time you might want to send a complaint / request for investigation to the Nevada State Attorney General's office. I would reference the other lawsuits and make a couple of points about price fixing and collusion.
They want to have empty rentals. My rent went from 750.00 a month to 1450.00 in 10 years. Not one improvement has been made or any maintenance whatsoever has been done to my unit
That's EVIL.
Supply and demand.
I'm with you on that. I live in a studio, been here 5 years. My rent has gone from $650 to $1100! And I live across from Nellis Airforce base so I get to be rumbled into insanity. 😮
Californians escaping their state raising prices in other states. Plus open border crossers got to live somewhere pushing prices up from the bottom.
You are exactly right. They want citizens out so they can get big money to rent them out to the illegals. You would think they would realize that the illegals will DESTROY those buildings and the community! Just wait and see. If Trump is elected he will send them back and put a stop to this.
I am a small landlord in Las Vegas. I just received notice that the property insurance is going to be doubled this coming year. Needless to say, I am panicking. I don't like raising the rent, but the situation is difficult.
Oh I'm sorry for you're predicament
I was in your shoes 2yrs ago. I saw what was coming and I knew people were going to blame me, although I wasn't the owner. I chose not to oppress the oppressed...
And what made insurance suddenly double?
You could shop around and look for a cheaper quote right? Also, if it doubled, there's a reason, what happened since the last policy renewal.
Filed a bunch of claims?
I remember when people like to talk or brag about their low cost of living area just to rub it in...now people moved to those areas and look what happen! Along with other problems that people highlight here like allowing corporations to buy up so many homes, I wouldn't be surprised if van life start to become the new trend. The value of used vans are going to go nuts if that happens!
Starts? It already is. Right behind ADU’s and tiny homes-it’s a thing.
Call Governor Lombardo's office in complain this has been going on for too long and he's doing nothing about it and more and more people are becoming homeless
Lol. The whole point of being a republican is to be selfish and unhelpful. He isn’t gonna try and help anyone.
He actually helped to take away rental assistance! All of it! Even the assistance that was in place before COVID-19. He's a landlord you know.
Why would you?
He's the biggest crook in town.
@@maxmurphy7306everyone wanted Sisolek out so badly. Well we all got what we wished for, didn’t we?
Oh my god..balming the governor and not the president..i must have found the smart americans finally. Way to go!!! I'm appalled.
There is only one solution...build more units. Currently, there are more people than supply. Also, costs for landlords has skyrocketed. This needs to be considered.
I was taught a long time ago that you're not entitled to live in a major city. So if you live in one, accept the risks that come along with it. There is no easy solution to housing; living in a major city is all about convenience, and you have to pay for that convenience. if the government enacts rent controls, there's no incentive to build or maintain a property; if the government owns the housing, it becomes the taxpayer's job to finance a handful of tenants who might not even have jobs, which drains the city of money. Most growing cities are the result of prior cities, becoming too expensive
Spoken like a true right wing Capitalist A-hole......
Thank you governor we see you aren't paying rent you don't care about the people in Nevada we need a governor in office who cares
You voted for this crook.
No governor or politician is going to fight this. right or left, it doesn't matter. Too much money involved and they are likely investors too.
@@maxmurphy7306 I don't vote for him
Waaay past time to .... escape from Vegas. What stays in Vegas ... rots in Vegas.
This is what happens when you print money, have generous government welfare, and endless programs. This is EXACTLY what happens.
Well it’s the Ultra rich pricing is out!!! It’s not just Las Vegas it’s happening everywhere!! I’m 44 and by the time I retire there won’t be social security for me!! And I’ve worked for the same company for 27 years since I was 16!! In the long run will be working for the Masters for our rations
You should of saved and invested during those 27 years. S&P 500 is up 2000% since '94, your investment could of seen those gains.
tenants find out if your landlord used realpage software there is a lawsuit pending in arizona against 8 companies that colluded to raise rent. You may be able to start a class action lawsuit
Vegas isn’t a cheap city any more. A lot of people are going to be priced out of Vegas. They may have to look at moving to the Midwest.
Same in Denver, Phoenix and others how many more
You’re right. I know of a handful of ppl that recently relocated to St. Louis, Gulfport and Kansas City-all have a lower cost of living than Vegas.
@@josephaugello1527Denver is not Midwest
@@DeshaunDamonst Louis is terrible town. So much empty lots of vacant land surrounding downtown. KC is better
@jogmas12 I did not say it was. It expensive there same with phoenix even more than vegas.
SONNER WE ALL GONNA BE HOMELESS AT THIS RATE.
Yeah and then Trump will make being homeless illegal and have wagons go around throwing everyone in to haul to a camp in the middle of the desert somewhere. Then the people in the camp will be forced to work for various companies while getting rented out to them. If they don't do this they will get thrown in with the most dangerous and crazy people. Basically what they do in Alabama now.
Keep voting Democrat !!! Biden has been President since 2020, whats the excuse ???
@@RandomRabbit007 66% of households in the US own their own homes.
@@RandomRabbit007independent always.
$1600 for a 1bd in NLV on top of high ass car insurance $217 Its getting out of control. We need rent control!
Don't forget utilities that keep getting jacked up annually.
We need our government to stop sending billions overseas to help other countries and people who want to kill us. Don’t even get me started on the illegals.
@@MH_6160 and for you i'ts year around. I pay 300 a month in winter for hydro, but in summer it's almost nothing. Vegas, Phoenix, you pay year around for hydro, and it's climbing fast.
I pay $297 for insurance with an immaculate driving record.
@@MH_6160 more like every 3 months.
“Ain’t nuthin going on but the rent”
Great song.
2024 For Real
Denying housing based on income level 90,000 yearly income, credit denying you a place to live, feels like a human housing violation completely
This is a nationwide disaster.
13,000 foreign citizens per DAY need somewhere to live too.
Thank open borders for the drastic increase of demand.
This rent mess here is why I moved back east. Rent and essential service prices are out of goddamn control. It’s a shame people have to go through this in what used to be a beautiful city.
They can build stadiums and nonsense but can’t lower prices. Shame.
Lol the East is worse. $465k - $480k to BUY a starter Townhouse/Condo, not even a single family. Plus $325/mo HOA on top of that. Gotta pay almost $4000/mo mortgage and make 3x that
$1900 for 1br apt and NO PETS
@@Gemma_626 I was leasing condos in 2003 and 1-bedrooms were $1600 way back then. You're probably looking at condos and really nice apartments rather than just a basic rental to start, or for now.
@@silvertone1 lmfao nope, not in New England. You'll be lucky to get a 100-200 yo place that was updated in the 90's
@@Gemma_626Then you take it. And fix it up over time. You don't live in your mom's house sitting on youtube dreaming of the condo in the sky. At 30 I moved to the big city and went from 1200 new condo loft luxury to a rooming house shared bathroom. It lasted TWO years before I was back in a luxury condo in the new city. Temporary sacrifice is necessary.
She looks like a nice, clean, quiet responsible person. Making her move would be extremely disruptive. It is crazy enough that people are forced to the street, but now they aren't allowed to stay on the street. How is she supposed to sell all that stuff?
This is why it’s so important to save your money early to have a savings. Don’t be like this lady at 58 years old and still be renting an apartment.
Truth, and yes it hurts to hear it sometimes.
It's time to stop with this crime on the American people and do something about it
😂😂 you funny man..!! Now get yo Azz back to work! We got bills to attend to
I agree. It’s inhumane and total greed.
I am scared to death
I don’t blame you. If you are not a Christian NOW is the time! You need to turn your back on sin and start following the Lord. Pay your tithe and you will be blessed. It is in the Bible and it is the truth. God even says prove me, or test me, to see if it is not true. Read Malachi chapter 3 and 4.
Lol you are being fed propaganda. Go out in the big city and work it there is always places to be rented cheap. You just might have to go to areas a bit further out..live in studios not one-bedrooms..share with a roomate female if lucky lol. Its also word of mouth...the cheap/good places never make it to the online listings.
@@silvertone1 I told her THE TRUTH. Just because you don’t like it is no reason to try and keep her from turning her life around! You OBVIOUSLY know nothing about the Historical, Prophetic accuracy of the Bible. You probably don’t know that Israelites KNEW that the earth was ROUND, pagans believed it was flat. Guess who was RIGHT! Israelites believed that because the Prophet Isaiah TOLD THEM. Read Isaiah 40:22 and see for yourself!
Looks like you are the one following propaganda! Truth is found in the Scriptures. People like you are spreading the lies, disbelief and propaganda. I really hope you actually STUDY and find out the Truth for yourself.
Getting a roommate is a good idea if you can find someone who will not kill you, sell you, steal from you, take your identity, or commit crimes and then blame you to the cops.
Once I lived by some BAD people. They robbed a Church, knew the cops were looking at them and tried to hide some of the stolen items by where I lived and tried to blame ME. Of course the cops didn’t believe it, because God takes care me!
@@silvertone1 Actually God has saved my life several times. Once someone held a gun to someone’s head, and said said he was going to kill her, then me, then my little brother. I started praying and the man lowered the gun and walked out! Another time, I was walking back to my car after paying for gas. Suddenly I was PUSHED BACK against a gas pump and was literally just a couple INCHES from the car! I was on the ground, just inches from their front tire! If I had not been PUSHED BACKWARDS I WOULD HAVE BEEN HIT!
I have GOOD STRONG REASONS for MY FAITH IN GOD!
I remember back in the 80’s, people were coming to Las Vegas to retire and just rent a small place. Of course, many are passed, but in 2008 many moved here thinking they could do the same. Not anymore. Social security would pay enough if you still have your spouse, but like me, many have passed away.
I work in the industry and it's the same in Canada... Alberta has no rent caps so people are literally getting $900/month $10,800/ year rent increases yet the wages are not increasing at the same rate. This is a recipe for disaster.
Landlords would rather have the apartments empty than to have a tenant......
It depends on the tenant, some didn't pay for years during covid.
FACTS! Mine are empty in NY.
It’s MUCH better to have an apartment sit empty than occupied by someone who won’t/can’t pay their bills!
yes that gives them a tax break.
That makes no sense,
"what I'm going to do" 😫
In 1993, my dad bought a 3 bed, 2 bath house with a nice yard for $46k on a roofing laborer salary. My mom stayed home to care for me and my three sisters. We had two cars, cable tv, and my dad would spoil me with the latest video game consoles.
It's sad what this country is turning into. A lot of people just getting price out of living.
I want to know one thing, how high did the property taxes get during this time? Did sewer and water taxes go up?
Of course landlords fought rent control.
Rent control is not the answer. More housing is the answer. Rent control brings LESS housing because of less investment.
More housing never works. Look at all the luxury housing ONLY being built. You are going to have to tax the entities who are causing this problem. @@user-pw3ji3rn3s
@@user-pw3ji3rn3s Build more houses people can’t afford? I see in my area they’re building more apartments. They’ll make people renters for life and use scarcity to keep existing home prices high. The average price of a home is over $400,000.
@@user-pw3ji3rn3s You want more houses? Congress would have to reverse the laws to ease lending requirements again. They’re not building houses they can’t sell. They did that already.
@@user-pw3ji3rn3sso just keep going up on the rent. So if a person was in their unit for some years and you continue to go up from $949 to $1400. As some else said you shouldn't be thinking your going to get rich off people who need a roof. It paramount for ppl to have place to stay, but those who see it as investment also are greedy too!
I’m a senior on SS and had to get on a waiting list. The rent is even high for seniors. The governor shot down rent control….so blame him. Even the senior apartment was twice the rent! I even contacted the representatives who did nothing but want your VOTE! ITS A SHAME!
So wait - if prices are too high, the apartment will be empty, losing money for the renters. Why is this suddenly a new problem in the last couple of years? It’s as if there are suddenly many more people competing for the same number of apartments.
Let’s face it. If you don’t own a house by now you are just screwed. These giant rental companies have taken all the power.
They are not rental companies, they are investor groups backed by private equity firms in New York
SAD SAD SAD!!!! Please someone help this woman....this shouldn't be happening to anyone. But it really shouldn't happen to women, elderly and children. When I was homeless I just had to deal with it. It shouldn't be this way for women...This is not right
No one should be homeless - people have a right to shelter, food, necessities - and comfort.
It's going to force some people into desperate situations and lowered quality of life. Rooms in CA are renting for $800-$1000 a month and you risk having to live with psychopaths, noise, crime and police choppers flying over your house every night. I knew a lady who rented a room and had to take a deuce in a coffee can because someone was in the bathroom.
@@Cerez78 I live in a shythole area just like you described
@@sandyrose2398 - I wish more citizens had that thought process.
Working people can’t afford the rent either. Someone needs to do something. The cost of living is too high for the average American. It’s disgusting!
I moved out town temporarily to assist a family member, and now I can’t move back to Vegas because of the rent increases. I work but I barely qualify the yearly salary requirements.
This is what Build Back Better looks like
Price of everything goes up. It's predictable rent will go up as well.
Most people are income sources of rich. You have to work hard for them.
Also she would be the first to complain if a repair was 1 min late or if the property was not being kept up.
I own condo there. I only charge $1.250 a month for mines. But that put a strain on me. But I'm glad I could help. Someone will show love back. That's how it goes.
If that ($12.50) isn't a typo then I'll rent from you.
@@sexygeek8996 lol I meant $1,250
@@sexygeek8996lol I meant $1,250
That is a great thing you are doing. I am sure your renter appreciates you.
Do you still make money?
People say money isn't everything.
2024:we beg to differ 😂
🤣😂
8 News Now, please do a follow up to this story.
its only been 5 hrs - dear god
@@-108- they didn't say this second, calm down.
@@phxsisko No, they didn't. They said it within a few minutes of the video being published, so it's even worse!
@@phxsisko , I know! 108 needs to calm down. Damn! 🤣😅😂🤣 Calling on God...
@@-108- calm down, really, just relax. Life will be sure there are storms ahead but this is not one of them. Here, have a rainbow 🌈 and a 🧁.
One bedrooms where I’m from are closer to $1,800-1,900, she’s actually lucky. And what did everyone expect to happen as a result of the moratoriums on rent during Covid? This is payback by the landlords.
Cause and effect. Greed.
We are all being priced out and into POVERTY! 😭 A Damn Shame 😡 👎🏼!!
That's why I'm getting my passport, and getting the hell out of the USA!
I am a landlord, have been doing it for over 35 years. You can thank the government for skyrocketing rents. Property taxes, and property insurance have gone up so high we have to make up this lost income by increasing the rent. I too hate the outcome & watching videos like this, but if SOMEONE doesn't fix the government spending problem we are ALL screwed.
Yes our rental went up $1,000.00 more each month we cannot ask for that amount so we cover it unbelievable.
Rick: Nobody gives a damn about landlord costs. It's easier to moan and groan about how the greedy landlords are the problem when it's really because of the government taxing business owners into the stone age.
The only way to afford housing in this economy is either have two incomes (a roommate, boyfriend, etc.) or have a very well paying job.
I'm sorry now a days a one bed room is luxury , You either gone rent out a room or find a cheap weekly or get lucky and find a studio but everything is high now like literally.
SOOO Greedy these landlords. Turning Vegas into Cali. Great. I think people are going to have to have roommates to make it.
I tried that, but our rental contract wouldn't allow it.
Replace "landlords" with "investors" and then your statement will be right.
And this is all over the Country friends. Something is seriously wrong.
What's insane is the HUD should have housing available for seniors and those on disability. Shouldn't be an issue if we have a trillion dollar a year defense budget. WTF is going on?
Property in Vegas was cheap 8yrs ago . People seriously buy something if you can Or this will be your fate
How?!
That's out of the question now without serious financial firepower.
@@daisylavender5275 maybe move further out than Vegas ? Other cities cheaper cities in NV
The problem is so simple the Clark County planning and zoning commission and all authorities need to be pro building areas that only allowed two stories need to increase to four stories. They need to do everything possible to increase the supply. I’ve been to Texas before where there’s literally apartment buildings going up everywhere I look and that’s what you want. You want massive building and that’s why I can get a brand new amazingly modern apartment there in Texasfor about $500 less per month in here in Las Vegas just talking about rent increases is not gonna do anything we live in a very greedy society. Everybody is trying to get rich.
But you're not greedy are you? Why do you think any rent you can't afford is because of greed? If you don't like it, move. There a lots of rural areas that don't have these issues.
my 1 bedroom, tiny apartment went from $450/month to $1250/month. Now, do not tell me that the market increased so much to where this amount is really what it's worth? It is a total trash hole of an apt. There must be some conspiracy behind all of it
I lived in Vegas for 2 years, wages range from $9.25 to $11. You cant afford it.
Learn a skill or trade.
@@Deltron6060 You are funny. That does not apply to all people. Normal minimum wage will take you nowhere in Vegas. It was not like that few years ago, I have family who bought houses late 200s.
Disability and Social Security both need to be radically increased! It's ridiculously low.
It's intentional. They want you working til you are dead.
Can’t do that without a young working class to tax. Most women don’t want kids. 😂
@@Bootyeater999 You could if they lift The Wealthy Tax Cap completely. The wealthy haven't been paying their Social Security taxes on their FULL INCOME. They get to stop at $168,000 while the vast majority of people have to pay on their FULL income. The wealthy must pay their taxes like everyone else.
Immigration lowers wages and raises housing costs.
For younger people, share an apartment like most of us did, I did it three times and worked two jobs for 6 years. Stuff is expensive now but in the 90's i had to do a lot to afford an apartment and i lived with another person.
Same here. I worked several jobs while putting myself through college. I roomed with 2 other women in a small townhouse even after I graduated and got a wellpaying job. I started saving for retirement with my first paycheck, even if it was only $25. . We have gotten used to a high standard of living whether we can afford it or not -- eating out, living by ourselves, routinely getting our nails and hair done professionally. So saying, the cost of college was a lot cheaper years ago, and I think there were more opportunities to get ahead.
Lol even the desert now costs like you're living in a prime location. Tell me, what do they even have over there, a water hole like in the Lion King?
So tired of these videos, te issue is greedy capitalism, lack of community and good for all, just profits and profits.
1400 for an apartment? Bay area mfs would kill for that
Exactly-NYC and downtown Chicago as well! I lived my entire teens and 20’s in NYC and everyone has 2-4 roommates there. Vegas is a cakewalk compared to the east coast. The world has now become survival of the fittest. Elderly, children, the handicapped, the unskilled--don’t stand a chance….smh
Bay area people moved to Vegas pushing prices up.
Bay area people also make like 5x more...
When I lived in North Dakota I had a studio that was only $310. It was tiny, but hey I had a roof over my head.
There is affordable housing out there, people just need to shop around for it just like I did. Whining to the media never did anyone any good.
Exactly. Move out of these urban areas. There are lots of rural areas in the country that are cheaper. If your answer is you don't want to live in a rural area, then don't complain.
This is why I chose to buy a townhome in September of 2023 instead of continuing to rent despite numerous RUclips channels that are against buying due to what they say are higher than normal prices. I looked at apartments for about 2 months before I had to move out of my rental house. They all wanted about $200 for each person's application fee that is non refundable. That's a lot of money to spend without a guarantee of getting approved and my son is staying with me. And then needing 3 to 4 times the income of the rent just to get approved only adds to the struggle. I hope she finds a place that will take her on her income. She shouldn't have to worry about being on the street.
Did this lady save a single dime in her 20s? 30s? 40s?
In stocks, savings bonds, money under the mattress?
Social security is meant as a supplement. If you don’t save a single penny in your youth.. that is irresponsible.
This is false. SS was originally created to keep the elderly from falling into homelessness and destitution. It was literally created for that reason after the Great Depression (by FDR). Please history more...
Also, not everyone has an interest in savings, bonds, stocks, etc - does that mean those people deserve homelessness because they gave their physical labor and that wasn't enough? Sounds like a pretty shitty system to defend. Even a the lowest employee on the ladder deserves to be able to retire with some amount of comfort.
@@phxsisko she didn't get married and have kids. Neither did she save any money whenever she was working. She may have paid her taxes while she worked. That's about how much support she deserves - her social security check.
I agree 100%
Ya if we are being all the way real so many people are just bad with their money.
@@blitzkreig4887 She could sell half the unneeded crap in that apartment as a start.
Its taking two weeks or more paychecks to pay our rent. Not every hotel dept is a Union dept, and the hotels aren't paying their employees the same. So only the housekeepers and cleaners will be able to pay rent and mortgages. Nobody needs a union but pay union scale so depts dont have to go join unions!! Stations Casino/Hotels and Venetian are the only hotels that pay a living wage without being union. Bravo 👏 👏 to those two properties!!!
According to MIT. Living wage in Las Vegas is now $22.50 an hour for a single person. It was just $16.75 in 2023.
Does that non union job include free heath, dental and vision insurance?
If you don't like it, MOVE!!
The fact that you have to find a job paying $45k is crazy.
The fact you think a job paying 45k is crazy is what's actually crazy. $22.50/hr full time is 45k, burger flippers get $15.
Horrible, while illegal immigrants receive money and a plane or bus ride. It breaks my heart.
Thanks blackrock and vanguard
Yep 😡
1000% correct!
It is obvious to me that the reason the apartments want 3x the monthly rent is so every year when they raise it, they know the person will be able to pay it instead of deal with the hassle of moving. Late stage capitalism at its finest.
Bingo. Nailed it. Pre-qualified for the future rent increase vs eviction. And legal.