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Forum » Rents increased by more than 50% in some US cities
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Thread: Rents increased by more than 50% in some US cities

post 1653612803 01-02-2022, 05:19 PM
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#31
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Originally Posted By rectifryer⏩
Rents going up because more landlords are selling and availability is dropping lmao.
Nope

Every time a landlord sells, another landlord buys, or a renter buys and takes themselves out of the rental market, so it’s a wash in terms of supply and demand

You’re not much of a real estate expert are you
post 1653612813 01-02-2022, 05:19 PM
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People don’t think inflation be like it is, but it do
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post 1653612943 01-02-2022, 05:22 PM
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Originally Posted By r32gojirra⏩
Nope

Every time a landlord sells, another landlord buys, or a renter buys and takes themselves out of the rental market, so it’s a wash in terms of supply and demand

You’re not much of a real estate expert are you
most purchases aren't from renters.....
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post 1653613023 01-02-2022, 05:24 PM
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Originally Posted By AWSbruh⏩
Except your rent payments will keep getting more expensive and my mortgage will be cheaper over the long term. Brb I put 5 percent down at a 2.7 interest rate and inflation is 6 percent per year. It’s basically free money over the years while my property value goes up. Plus I still invest.
^^^^
post 1653613113 01-02-2022, 05:25 PM
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Originally Posted By rectifryer⏩
most purchases aren't from renters.....
Have to agree with this too, most rentcels stay that way because they lease a new Cayenne and go to inclusive resorts in Mexico 4x a year to post on the gram and stay fly, it’s either other landlords or investment firms cucking the world
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post 1653613293 01-02-2022, 05:28 PM
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Originally Posted By rectifryer⏩
most purchases aren't from renters.....
So explain what difference it makes to supply if one landlord sells his house to another landlord
post 1653613343 01-02-2022, 05:28 PM
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The burbs are where it's at

Also....dont rent.
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post 1653613743 01-02-2022, 05:35 PM
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Originally Posted By devin45k⏩
The burbs are where it's at

Also....dont rent.
Farmable land soon, unless you want to eat ze bugs
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post 1653613823 01-02-2022, 05:36 PM
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#39
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Originally Posted By benedetto27⏩
Feels good man, locked in at low rent back in the spring when Landlord leeches were defaulting all over and rent went down by $600/month.

Now they can only increase it one me at 1.5% per year and eviction is virtually impossible if you're a good tenant.

Sure hope they don't raise interest rates lmao.
Why? I’m pretty sure interest rates only impact on mortgagecels

True land chads own outright
post 1653613863 01-02-2022, 05:37 PM
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Originally Posted By r32gojirra⏩
So explain what difference it makes to supply if one landlord sells his house to another landlord
It completely depends on the trends in the market and if the buyer is willing to pay above market cost because there's a competitive purchasing field. With a trillion dollar behemoth in the game, of course it drives the price upward.
A million miles away - I don't.. feel.... anything.
http://www.youtube.com/watch?v=PXGZu4yxjW0
post 1653614173 01-02-2022, 05:42 PM
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Originally Posted By seanb1979⏩
It completely depends on the trends in the market and if the buyer is willing to pay above market cost because there's a competitive purchasing field. With a trillion dollar behemoth in the game, of course it drives the price upward.
The landlord can sell the house to Blackrock

The price of the house may change as a result of demand but the house is still part of the available supply of rental properties
post 1653614383 01-02-2022, 05:47 PM
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Originally Posted By r32gojirra⏩
Why? I’m pretty sure interest rates only impact on mortgagecels

True land chads own outright
Or they borrow for 0% ahead of time and buy with cash
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post 1653614833 01-02-2022, 05:55 PM
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mine went uo $50 but i got $600 biden buckks so
im gucci
post 1653615473 01-02-2022, 06:07 PM
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Originally Posted By imbored21⏩
mine went uo $50 but i got $600 biden buckks so
im gucci
More than 1000% profit

Mirin
post 1653615813 01-02-2022, 06:14 PM
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Surprised this isn't a katya thread
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post 1653616293 01-02-2022, 06:24 PM
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Originally Posted By r32gojirra⏩
Rentcels how are you scraping together the extra skrilla on the first and fifteenth?

https://www.apartmentguide.com/blog/...l-rent-report/

Doordash? Get a roommate?

Spoiler!
inb4 g4p


You did invest all that money you saved by not having a mortgage right?

Right?
Your a stupid bogan so as one of the few Australians who made it abroad let daddy explain.

The rents in certain cities have increased significantly, Austin, Salt Lake City, Nashville, Tampa, Phoenix to name a few. The career opportunities have exploded here for which even 5 years ago they had nothing. To give you an example I'm interviewing for Goldman tomorrow in Salt Lake City tomorrow, and the salary we are talking about it much higher than what Goldman could and would give me in Sydney. You go to bars in Austin and its not uncommon to see people in Tech making 200-300k that would make you in the 1 percent in Sydney and only would be available to the North Shore or Toorak in Melbourne.

Homes being built are of poor quality and designed to be knocked down in 10 years. There is no doubt these homes are such garbage especially in that southern corridor there is a def an underground business agreement between stakeholders in that homes are only to last 10 or so years. Many people I know have picked up on this, as example my mate bought a home in Houston, that was only 3 years old and was sinking, when the engineer did the assessment so his offer was withdrawn, you won't see this in Aus.

Many Americans are single and don't wanna buy in the suburbs as its a terrible life. Many apartments can't be purchased in the US like Australia.

Now you can keep giving people **** but mate lets be honest ur just a loser plumber with a wife in Ballarat, some of us still like having a sex life, and experiencing the world.

Rekt.
post 1653616413 01-02-2022, 06:26 PM
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#47
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Lmao rentoids i swear

post 1653616453 01-02-2022, 06:27 PM
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I can't be bothered explain this on the main page but housing prices in the US are showing signs of a collapse now, new evidence from November to December shows the sales had a huge U-turn and if you pay attention to tiki's Tok. all the property types on social media are aware and are beginning to panic. The bubble has officially burst.
post 1653616613 01-02-2022, 06:33 PM
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Originally Posted By GeezersPalace⏩
I can't be bothered explain this on the main page but housing prices in the US are showing signs of a collapse now, new evidence from November to December shows the sales had a huge U-turn and if you pay attention to tiki's Tok. all the property types on social media are aware and are beginning to panic. The bubble has officially burst.
You believe in people on a Chinese social media platform?
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post 1653616873 01-02-2022, 06:36 PM
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Originally Posted By GeezersPalace⏩
I can't be bothered explain this on the main page but housing prices in the US are showing signs of a collapse now, new evidence from November to December shows the sales had a huge U-turn and if you pay attention to tiki's Tok. all the property types on social media are aware and are beginning to panic. The bubble has officially burst.
Fred data is a month behind, got another source?
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post 1653616883 01-02-2022, 06:37 PM
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I don’t get the arguments on renting/owning anymore.


Unless you’re cashflowing multiple properties and writing off the interest to live rent free for life, you’re still no much better off on average than a renter if your home is your only ‘asset’ (it isn’t - it’s a liability).
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post 1653616963 01-02-2022, 06:39 PM
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watch what happens when interest rates go up and the shiit hits the fan.
post 1653617063 01-02-2022, 06:42 PM
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Originally Posted By GordonXXX⏩
watch what happens when interest rates go up and the shiit hits the fan.
Landlords jack up prices to cover the interest rate cost?
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post 1653617383 01-02-2022, 06:53 PM
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Property in the US is a yoyo. It goes up and down heavily. Its gone up a lot now but its clearly about to go down. Would I buy property no? but I also have other options such as owning property in Australia which is a much safer investment, but has some structural macro problems I foresee.

The issue here is Rj32gorra that pleb is nothing but a plumber in rural Australia, thinks he actually has legit opinion on the US Property market something he knows nothing about because he is a loser Australian that's all it is. Owning property is so complex compared to Australia, no mention by him that Rents in Sydney have actually decreased significantly. My mate rented a place in Elizabeth bay said it was a total joke compared to NYC renting there lol
post 1653617473 01-02-2022, 06:54 PM
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Originally Posted By messomi⏩
just watch when blackrock is done buying up everything you are going to be pissing your pants when they start jacking up rent prices even more.
Felix Rex covered clown world in his latest youtube vid. Goes into how Blackrock is forcing clown woke into biz using three principles of Environmental Social Governance. ESG. This is big. This is the fuel of clown world. 10Trillion USD is the force behind it. 4th new branch of government.
post 1653617483 01-02-2022, 06:54 PM
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My rent in my luxury high rise in the middle of DTLA with views of the city covers maintenance, amenities, pools, hot tubs, business lounges, conference rooms, gym, etc and it’s not even a problem even with a 10% rent hike this year.


Everything else is saved/invested where the market is returning over 50% or more depending on risk tolerance.


Safe to say my net worth has exploded these past two years way beyond more than 95% of my age bracket as a ‘poor rentcel’



Do your own thing but let go of the toxic superiority complex - there’s tons of people out there absolutely mogging your two duplexes in Van Nuys that you think make you some kind of real estate baron or some chit srs.



Chill brah.
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post 1653617973 01-02-2022, 07:04 PM
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Originally Posted By gainztrain818⏩
My rent in my luxury high rise in the middle of DTLA with views of the city covers maintenance, amenities, pools, hot tubs, business lounges, conference rooms, gym, etc and it’s not even a problem even with a 10% rent hike this year.



Safe to say my net worth has exploded these past two years way beyond more than 95% of my age bracket as a ‘poor rentcel’



Do your own thing but let go of the toxic superiority complex - there’s tons of people out there absolutely mogging your two duplexes in Van Nuys that you think make you some kind of real estate baron or some chit srs.



Chill brah.
Everything else is saved/invested where the market is returning over 50% or more depending on risk tolerance.

I just moved to KoreaTown, of course If I wanted a house it would be expensive but apartments in LA are ****ing dirt cheap. literally 1/3 of what I was paying in NYC and cheaper than Houston
post 1653623473 01-02-2022, 08:59 PM
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Originally Posted By GordonXXXS⏩
watch what happens when interest rates go up and the shiit hits the fan.
Originally Posted By iloveus⏩
Landlords jack up prices to cover the interest rate cost?
LMAO rekt
post 1653623623 01-02-2022, 09:02 PM
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Originally Posted By GeezersPalace⏩
Property in the US is a yoyo. It goes up and down heavily. Its gone up a lot now but its clearly about to go down. Would I buy property no? but I also have other options such as owning property in Australia which is a much safer investment, but has some structural macro problems I foresee.

The issue here is Rj32gorra that pleb is nothing but a plumber in rural Australia, thinks he actually has legit opinion on the US Property market something he knows nothing about because he is a loser Australian that's all it is. Owning property is so complex compared to Australia, no mention by him that Rents in Sydney have actually decreased significantly. My mate rented a place in Elizabeth bay said it was a total joke compared to NYC renting there lol
You sound mad lol
post 1653624563 01-02-2022, 09:21 PM
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Its irritating listening to dumb**** Australians act like they know what they are talking about on issues affecting overseas and will never affect them because your never gonna buy a house overseas or are sophisticated enough to do so. I don't comment on things that you ar expert on like digging trenches, or do residential plumbing work which your clearly an expert on?
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