Up 16% in the year ending April and still rising

Ouch

Rentcels getting cucked again

https://amp.cnn.com/cnn/2022/05/19/h...ril/index.html

Something something iNvEsT tHe dIfFeReNcE

Only going to get worse

Reminder rentcels, 4 days till next months rent is due

thanks biden

In4 for the resident Misc rentcel copers and their mental gymnastics.

This is why I'm glad I bought when I did during a slump in 2016, fixed rate mortgage all the way, never have to worry about it going up.

Fck, I paid $169k, went up a lot.

More and more renters won't pay.

Can't wait for the fall out

sure they will

not with the economy and inflation. mass layoffs already began.


food, gas and other bills will come before rent.


good luck

they'll be out. the landlord forums are full of how to's

that will take months as he lives rent free in your property.

like i said, good luck

I'm not worried, I don't know anyone who had a renter miss a payment and still be in the property the next month

When you rent rooms illegally, they don't take you to court

don't feed the trolls bruh

My rent is WAY less than a mortgage payment would be and we have rent control. My rent has gone up 2% in the past four years.

where I live there's a longer than 6 months backlog in eviction court.

A LOT OF PEOPLE have opted to not pay rent collectively. it's wonderful tbh

Nice for you, but not many places have rent control. Certainly don't have it in TX. There were stories roughly a year ago of people having to leave the area because they could not get housing.

Dallas-Fort Worth surpassed Austin in rent price growth over the last 12 monthsRead more at:https://www.star-********.com/news/b...#storylink=cpy

Highest rent and highest occupancy? Yeah, that's my general area.

This thread is full of bad takes.

No mass layoffs. Just corrections in stupid bubbles from Covid. Like waitresses who quit their jobs to become realtors.

The only problem on the housing market is 300k starter homes, because minimum wage doesn’t support that. They will most likely drop back down to 200k.

But 700k homes that used to be 350k homes will stay close and so on.

Inflation was real, they didn’t gain that much value, money just lost that much value.

Love this for them. Looking to invest in our first rental property later this year, and if all goes well will be adding 1-2 more next year.This. We bought our current home right before the price explosion in our area for ~$330k with 20% down @ 2.85%. The two most recent comps in our neighborhood (nearly identical home sq ft and lot size) sold for ~$460k and ~$500k respectively. We are so far out in equity right now it would pretty much take the collapse of society as a whole to put us underwater.

you haven't heard about the tech and real estate companies laying off 10% of their staff? like redfin, tesla etc

Also if you didn’t more than double your net worth in the last two years, you fell behind.

that number is growing by the day

I caught a clip of Elon saying that the two newest gigafactories are losing billions.

Redfins a perfect example of waitresses who left to become realestate agents sir.

Tech is experiencing shake out of a highly disrupted work environment since everyone was wfh etc..

But I would also say tech is most affected by global supply chain disruption and will struggle the hardest adapting to our new economy.

He tried to warn you

yup and some 20-30% of companies are operating at a net loss but were kept going due to low interest rates. taking out massive loans to keep the doors open.

those days are gone.

what is the first thing those companies are going to do?


CUT WORKFORCE


I mean these retards

Who's gonna make me?

Not pandemic 2.0

no, corporate employees you moron.

real estate agents can't get laid off, they don't work on salary.

So you are aware of the large number of "zombie" companies?

https://www.zerohedge.com/economics/...cation-economyAnd then on top of that PPI [producer inflation] is way out in front of CPI [consumer inflation] which means that producers will have to cut costs [employment] or increase prices to remain solvent AND higher interest on outstanding debt can only exacerbate the situation if producers have to shell out more of their gross income for debt servicing.



So as the central banks increase interest rates they blow up "zombies", over leveraged consumers [see: credit cards], and over leveraged governments.

But if they don't increase interest rates then we continue with inflation > demand destruction > still crashing companies and some governments. [see: Sri Lanka]Partially correct.

owner/occupant:Who cares? As long as they aren't trying to sell and their payment is affordable it's all good.

owner/landlord:It depends. Depends on how deep their pockets are, how far the rental rate drops relative to the carrying cost for the property[ies], and what happens with the economy generally.

If there is a full on currency reset/collapse then RE that can be kept in control [not seized by a bank] should remain a store of wealth and potential income producing asset.

Because if people are paying with dollars, or euros, or some new central bank digital currency doesn't matter so long as the can be depended on to keep paying as much as the landlords can squeeze out of them.