Paging @Wild self
Rents reach 'insane' levels across US with no end in sight
- Thread starter bnew
- Start date
Jim Cornette
The Cult of Meat with Extra Cheese...
Greedy motherfukkers... It's a disgrace god damnit
Field Marshall Bradley
Veteran
Landlord Gang winning
cyndaquil
Lv 100 Bold natured
Bout to see a bunch of people like her living with roommates or moving back home unfortunately
Canada Goose
Pooping on your head :umad:
Old heads, remember when only NYC and Cali had these problems?
There's no escaping these high rents!
There's no escaping these high rents!
threattonature
Veteran
Especially when you see people rehash talking points talking about "a lot is going on in the world that is causing them to raise rent or price". While for some businesses the cost of doing business is going up they are also taking advantage of it as well to secure even bigger profits for themselves. There's a reason so many companies are recording record profits during all this.
My shyt has gone up like $300. They know the price of buying house shot up big time with very little available too so they know they got renters buy the balls.
Youhadasparkwhenustarted
Superstar
what is the breaking point? Honest question to anyone who may know better. It feels like neither party will touch the issue, and even if someone does, it's become pretty apparent (to me at least) that the biggest issue our government has nowadays isn't obstruction, it's that it's way too fukking slow to react to most crises we face.
Shyt is crazy. I can afford it right now since I have a good paying job, but muthafukkas getting close to pricing me out at some point ,
when my girl graduates from nursing school at the end of the year, that’ll alleviate a lot of the stress as we will have more buying power to hopefully get a crib if the market allows it
,when my girl graduates from nursing school at the end of the year, that’ll alleviate a lot of the stress as we will have more buying power to hopefully get a crib if the market allows it
I'll keep renting for now unless I get a really good deal on a home. And its someplace I want to be long term. Lots of people move around every few years due to their job so it makes no sense to buy a home yet.
Around the World, Buying Is Costlier Than Renting
A new study compares the costs of renting versus buying a three-bedroom home in 39 countries across the globe.
Around the World, Buying Is Costlier Than Renting
By Michael Kolomatsky
Feb. 24, 2022
In today’s tight, competitive housing market, the first hurdle for many aspiring home buyers is simply being able to afford one. After all, a rent check is usually smaller than a mortgage payment on a comparable property. For those looking to buy a home overseas, the hurdles can get even higher.
A new study by Comparethemarket.com, a website that helps consumers compare costs of home loans and other products, weighs the pros and cons of buying or renting in 39 countries around the globe by examining each location’s average monthly cost of renting a three-bedroom home, the estimated mortgage payment on a three-bedroom home, and the monthly premium that buyers can expect to pay over renters. Data was captured in the fourth quarter of 2020 and drawn from the Organization for Economic Cooperation and Development, a Paris-based think tank whose member nations cooperate to develop economic and social policy; and Numbeo, an online database that specializes in the cost of living.
[Curious about homes in distant lands? Read our International Real Estate column.]
Among the nations included, tiny Luxembourg had the highest mortgage premium, with the estimated monthly mortgage of $4,558 sitting about 50 percent higher than the average rent of $3,917. Next was Latvia, where the mortgage payment of $830 was 42 percent higher than the average rent of $582. Only in Italy and Finland was buying found to be less expensive than renting, though not by much.
This week’s chart shows the competing costs in the 39 countries that were examined. National averages are a broad measure of costs, as prices can vary greatly within a single country, and laws governing purchases, visas and immigration play important roles when considering buying or renting internationally.
Around the World, Buying Is Costlier Than Renting
A new study compares the costs of renting versus buying a three-bedroom home in 39 countries across the globe.
Around the World, Buying Is Costlier Than Renting
By Michael Kolomatsky
Feb. 24, 2022
In today’s tight, competitive housing market, the first hurdle for many aspiring home buyers is simply being able to afford one. After all, a rent check is usually smaller than a mortgage payment on a comparable property. For those looking to buy a home overseas, the hurdles can get even higher.
A new study by Comparethemarket.com, a website that helps consumers compare costs of home loans and other products, weighs the pros and cons of buying or renting in 39 countries around the globe by examining each location’s average monthly cost of renting a three-bedroom home, the estimated mortgage payment on a three-bedroom home, and the monthly premium that buyers can expect to pay over renters. Data was captured in the fourth quarter of 2020 and drawn from the Organization for Economic Cooperation and Development, a Paris-based think tank whose member nations cooperate to develop economic and social policy; and Numbeo, an online database that specializes in the cost of living.
[Curious about homes in distant lands? Read our International Real Estate column.]
Among the nations included, tiny Luxembourg had the highest mortgage premium, with the estimated monthly mortgage of $4,558 sitting about 50 percent higher than the average rent of $3,917. Next was Latvia, where the mortgage payment of $830 was 42 percent higher than the average rent of $582. Only in Italy and Finland was buying found to be less expensive than renting, though not by much.
This week’s chart shows the competing costs in the 39 countries that were examined. National averages are a broad measure of costs, as prices can vary greatly within a single country, and laws governing purchases, visas and immigration play important roles when considering buying or renting internationally.
If wages were keeping pace with inflation and cost of housing this wouldn't be a problem. But with so many jobs outsourced overseas its kept wages stagnant for decades. The high inflation is just exacerbating the problem of income inequality to insane levels.
