How much longer can these rent prices continue?

[Thavoiceofthevoiceless]

It's two Americas brehs
How do y'all think rents and home costs are rising to begin with? Them units ain't sitting vacant
One of the main drivers of the "great resignation" was people leaving for new jobs and MORE MONEY
Half the country out here thriving and making the most money they ever have.....the other half stagnant and struggling

Making more money is completely negated by the fact that the price of everything is rising as well. At some point, prices are going to become too high which will cause a decrease in demand especially in the case of homes and rental units. It’s the exact thing that happened in 2008 that triggered the recession when interest rates were too low and caused people buying to flip a profit.

 

[Scustin Bieburr]

There's going to be a crash soon. Salaries aren't keeping pace with the pace at which rents are rising and a lot of those apartment complexes are going to be unoccupied soon. Not only is rent increasing, the price of everything is increasing, thereby eating into the limited savings people already have. Even if you 'own' your house, the rise in property taxes is going to severely hurt a lot of people. Once the price of gas goes through the roof due to that Russia, Ukraine war, say hello to hyperinflation when the price of everything shoots through the roof simultaneously...

That is to say nothing of the elephant in the room: climate change.

The cost of insurance will go up in areas where wildfires go crazy every summer.
Rent in tornado alley going up too.

Lord help you if a flood happens and damages the home you saved to buy.

This spring and summer are about to be crazy if these extreme weather events add to the economic issues. There will be parts of the country that will just be too risky to live in because of these weather events and government lack of infrastructure and rapid response.

 

[feelosofer]

This bubble is going to burst but it may not be for another year or 2.

 

[Swirv]

People are paying so

 

[Thavoiceofthevoiceless]

This bubble is going to burst but it may not be for another year or 2.

We won’t know for sure until we wake up one morning and the bottom has completely fallen out.

 

[Goat poster]

Until mass organized violence breaks out.

hate to say I agree

but I do..

I was in NYC during "Occupy Wall Street", and Ive seen the BLM rallies/protest .

All the people up in those ivory towers do when people protest is look down from the tower, say "thats cute", and continue with business as usual.

If there is no threat of violence, or losing money...The powers that be are mostly unbothered

 

[Scustin Bieburr]

hate to say I agree

but I do..

I was in NYC during "organize Wall Street" Ive seen the BLM rallies/protest .

All the people up in those ivory towers do when people protest is look down from the tower, say "thats cute" and continue with business as usual.

If there is no threat of violence, or losing money...The powers that be are mostly unbothered

These supply chain issues are a taste of what is to come. The issue with the supply chain is a shortage of labor. Why is there a shortage of labor? People aren't willing to work for peanuts and be treated like garbage anymore.

People are unionizing, striking, and refusing to commit to jobs that don't give a fukk about them. Unless people get paid, these millionaires will have to keep watching as their stock continues to drop. They care so much about the stock market because that's where much of their money is. If your net worth is 2M and 1M of that is in stocks, you'll definitely be feeling some kind of way if those stocks continue to drop as the companies you've invested in hemorrhage profits and employees.

 

[MikelArteta]

It will continue to go up. If you can't afford to buy a house you have to rent what you going to sleep outside or in your car?

 

[desjardins]

Making more money is completely negated by the fact that the price of everything is rising as well.

The price of everything has been increasing my entire life , I remember when name brand sodas use to be 16oz and cost 60 cents

When/if assets crash guess who's going be there waiting to buy them all up at a discount ......me, just like in 2008.
This current situation is not about some societal collapse where everything permanently becomes cheap again. It's about income inequality being the new norm and people who aren't prepared having to come to terms with that. We should be focused on positioning ourselves to take advantage of what's happening so in ten years brehs ain't on here crying about the same thing when it's clear NOW what the future will be

 

[MikelArteta]

As well many people can afford to pay those prices, so can the tons of foreign investors

 

[Goat poster]

The price of everything has been increasing my entire life , I remember when name brand sodas use to be 16oz and cost 60 cents

When/if assets crash guess who's going be there waiting to buy them all up at a discount ......me, just like in 2008.
This current situation is not about some societal collapse where everything permanently becomes cheap again. It's about income inequality being the new norm and people who aren't prepared having to come to terms with that. We should be focused on positioning ourselves to take advantage of what's happening so in ten years brehs ain't on here crying about the same thing when it's clear NOW what the future will be

But income inequality has ALWAYS been the norm. ...thats nothin new.

So you must ask yourself, how far can a society push those margins and still be a functional "first world" country?

We gonna fukk around and find out.

This country needs a "New Deal" on some Franklin Roosevelt shyt....but i doubt that happens in this era.

 

[Thavoiceofthevoiceless]

As well many people can afford to pay those prices, so can the tons of foreign investors

There’s a peak point though where they won’t continue to do so. That’s always how it’s worked.

 

[ExodusNirvana]

Never

We warned ya'll over a decade ago that this was coming but some of you did'nt want to listen

Every single city will soon be dominated by young rich whites who want to cosplay as progressives or woke

And the Black people will get the scraps and the police called on them when they look out of place

 

[desjardins]

But income inequality has ALWAYS been the norm. ...thats nothin new.

So you must ask yourself, how far can a society push those margins and still be a functional "first world" country?

.

reminds me of the gilded age when half the country was living in rat infested tenements surviving on potatoes (or sharecroppers if you were black in the south)
and the other half was building huge mansions that have aged as architectural marvels even to this day
it took the new deal and a two world wars to spur the economy enough to bring some of those people out of poverty (mostly cacs)
sadly i'm not sure we can depend on another situation like that with the elites controlling the government and half the country hating any kind of welfare program even if they would benefit from it

 

[DaHNIC82]

Bootstaps coli would say its the people fault