Rents reach 'insane' levels across US with no end in sight

[1thouwow]

Rent should be under 15% of a person's monthly income. If they have excess money, it should be used for savings, investing, or mild consuming. No landlord should feel entitled to a person's income.

15%???

nikka you smoking rocks

 

[MikelArteta]

bring in UBI

 

[Wild self]

15%???

nikka you smoking rocks

Hell nah. It was like that back in the 90s before gentrification took place.

Why can't it be like that now?

 

[1thouwow]

Hell nah. It was like that back in the 90s before gentrification took place.

Why can't it be like that now?

 

[Wild self]

That means SOCIAL MOBILITY can happen again, and more generational wealth for black folk.

But the only people arguing for this status quo are the ones profiting from pain and misery from the working class.

 

[Spence]

Formed my llc 2 weeks ago, new flooring and carpet put in yesterday, paint today, our starter home hits the rental market 1st of the month for me to become a landlord

I’m only looking for $1800 per month though for 3 bed 2.5 bath in Houston, that’s pretty cheap

 

[MasterOfAllHeSurveyz]

Didn't think they weren't going to recoup their losses during the pandemic? There were plenty of people, even some on here, who worked through or got that boosted unemployment who took advantage by not paying rent due to the moratorium making it bad for everyone.

 

[Wild self]

Didn't think they weren't going to recoup their losses during the pandemic? There were plenty of people, even some on here, who worked through or got that boosted unemployment who took advantage by not paying rent due to the moratorium making it bad for everyone.

So take out the anger on the tenants that paid on time during the pandemic? That in itself is proof that these landlord treat their tenants as OPPS instead of people. Now pushing tenants to their financial limits will trigger a violent backlash towards landlords that take advantage of good people.

 

[Hater Eraser]

Calling landlords greedy never made actual sense to me (full disclosure, I’m a landlord), it just comes off as sour grapes. People have a sense of entitlement and think they should be able to afford X amount of square footage in Y location for Z amount of money. When market conditions cause adjustments to that formula, and there’s someone willing to pay more for the home you THINK you are entitled to, why shouldn’t a landlord be allowed to rent it to the person willing to pay more? It’s not like landlords are sitting on these homes and demanding inflated rent, causing them to stay vacant. They’re still getting them rented ASAP to someone that’s willing to pay more for them than the “this is greed” crowd. I’m sure there’s a place you can afford to live in, it just might not be what you feel you “deserve” to live in, but blame that on the market conditions. The landlords are just the ones taking advantage of such. It’s not like when the script is flipped anyone ever bytches about their rent being too low.

Didn't think they weren't going to recoup their losses during the pandemic? There were plenty of people, even some on here, who worked through or got that boosted unemployment who took advantage by not paying rent due to the moratorium making it bad for everyone.

 

[Shadow King]

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.

This explains why pockets are being raped, but not really when the breaking point is. I too am curious.

 

[Formerly Black Trash]

This explains why pockets are being raped, but not really when the breaking point is. I too am curious.

Same
My worst fear is there may be none

 

[North of Death]

yall the same nikkas that was crying about rent during the pandemic ?

I wasn't...I started putting my tenants on month to month leases so I can end it in 15 days if they started that no payment vibe...no issues since

 

[Mr swag]

Rent should be under 15% of a person's monthly income. If they have excess money, it should be used for savings, investing, or mild consuming. No landlord should feel entitled to a person's income.

don’t rent there. If what you are saying is TRUE, then they can’t be able to rent that place out and then they will be forced to drop the price right?

 

[MasterOfAllHeSurveyz]

So take out the anger on the tenants that paid on time during the pandemic? That in itself is proof that these landlord treat their tenants as OPPS instead of people. Now pushing tenants to their financial limits will trigger a violent backlash towards landlords that take advantage of good people.

If you want to reside in FantasyLand, have at it.

It's no different than a store raising prices to recoup losses from shoplifters. You blame the muthafukka that's stealing. You got more angst for the landlord than the rent scammer.

 

[Wild self]

don’t rent there. If what you are saying is TRUE, then they can’t be able to rent that place out and then they will be forced to drop the price right?

Renting should be a TEMPORARY thing. It should be cheap and safe. Landlords in the age of gentrification, decided that they want tenants paying exorbitant prices permanently, and make it harder for the ability to maneuver tenants into becoming homeowners.