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Forum » Rents in the US just hit another record high
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Thread: Rents in the US just hit another record high

post 1663527273 06-27-2022, 12:04 PM
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post 1663529193 06-27-2022, 12:43 PM
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post 1663529703 06-27-2022, 12:52 PM
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If you rent to actual legit tenants you really cant be screwed over. People with wealth and assets risk losing these assets if they dont leave. If you rent to poorcels, people with chit credit, students etc without a cosigner, RIP. But a huge amount of people renting are middle income young professionals who cant afford to go to court either and have too much to lose to just roll over and declare bankruptcy or risk having to pay a back;log of 6 months of rent with late fees.

realistically rents probably going to plateau now maybe dip a little but people always need a place to live. May see less of a demand for super posh condos and a move towards sharing more houses or lower priced venues.
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post 1663530183 06-27-2022, 01:04 PM
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Originally Posted By Legz422⏩
I would understand if property taxes and insurance went up, to add that amount to current rent, but we all know that is not what is happening. Landlords are jacking up rents much more than that. Because they're being greedy. If you have a great, reliable tenant who takes great care of your property then you shouldn't be a greedy chit.
Like housing prices, the market is set by what people are willing to pay, otherwise the property sits empty. If there's a guy down the street offering a place for $2000 and another person trying to rent the same place for $2500 because they are trying to "meet expenses" well, too bad. Are you willing to eat all that money while it sits empty?

Plus, landlords should be happy to have good tenants who take care of the property. If they get greedy and force people out, you have to find a new renter who could be a total nightmare.
post 1663531093 06-27-2022, 01:24 PM
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post 1663531373 06-27-2022, 01:27 PM
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You commies do not understand greed

If the supply is low and it is HARD to find a place to rent the prices are not too high.
They are TOO LOW

It is not greed.

You cucks go out and buy a place it rent it below market
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post 1663532543 06-27-2022, 01:51 PM
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Will they get the last laugh 20 years from now when they cash out the difference they've been investing into an index fund?

I got a bad feeling boyos.
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post 1663532583 06-27-2022, 01:52 PM
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I have a tenant who has an expiring lease in August and he asked if he could "negotiate a better rate". I wasn't really sure how to respond, the same apartment in the same city costs 1000 bucks more per month and I was planning to just offer him a 3 year lease that'll go up 250 per year lol.
post 1663532663 06-27-2022, 01:54 PM
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many people are single so buying ahome is out of the question.

home prices are off the roof. so that option also out of the quesiton.

all they can do is 1) make more money 2) move or 3) get roommates

but ppl don't care. What they care about - is abortion rights and evil trump.
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post 1663532693 06-27-2022, 01:54 PM
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Originally Posted By Kev1972⏩
Landlords aren't the same thing as homeowners, and there are financial repercussions for not paying rent. Wage garnishment is pretty sad. You'll pay all that back rent and then some interest on top.
Wage garnishment is a massive waste of time. Even if you win the court case it's a massive pain in the ass. After the first garnishment they ALWAYS quit and find a new job when they figure out there's no way around it. You then have to track down where they work next and hope its not an under the table cash business. You'll spend way more in legal and investigation fees than you could ever hope to get back
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post 1663532953 06-27-2022, 01:58 PM
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Originally Posted By Deutschlandbrah⏩
I have a tenant who has an expiring lease in August and he asked if he could "negotiate a better rate". I wasn't really sure how to respond, the same apartment in the same city costs 1000 bucks more per month and I was planning to just offer him a 3 year lease that'll go up 250 per year lol.
In Canada once your lease is up you go month to month automatically and don't have to sign anything new. Is it different in the US?
post 1663533893 06-27-2022, 02:12 PM
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Originally Posted By Legz422⏩
I would understand if property taxes and insurance went up, to add that amount to current rent, but we all know that is not what is happening. Landlords are jacking up rents much more than that. Because they're being greedy. If you have a great, reliable tenant who takes great care of your property then you shouldn't be a greedy chit.
Our property taxes would have gone up nearly $3500 on our primary residence this year if we didn't have a homestead exemption. Insurance was up also. Did your rent increase by $300+/month? Because it is quite possible that's how much his costs went up. Not to factor in the cost of drastically rising utilities (and cost of living for himself as well) if any of those are included in your rent.
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post 1663535213 06-27-2022, 02:34 PM
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Originally Posted By 78novacaine⏩
Property taxes/insurance/etc are all going through the roof. Your landlord is not going to eat those costs. You are with rent increases. Landlords are not charity workers, they are in the business of making money. It has nothing to do with greed and everything to do with them taking on the risk of the investment and needing to see a certain dollar figure return on that investment.
Originally Posted By 78novacaine⏩
Our property taxes would have gone up nearly $3500 on our primary residence this year if we didn't have a homestead exemption. Insurance was up also. Did your rent increase by $300+/month? Because it is quite possible that's how much his costs went up. Not to factor in the cost of drastically rising utilities (and cost of living for himself as well) if any of those are included in your rent.
These unfortunately.

property valuation increases > property tax increases > rent increases
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post 1663535423 06-27-2022, 02:38 PM
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Well wont lie, one my parents tenants is missing a payment or two, economy is slowing down and people will start having more and more money problems
post 1663535753 06-27-2022, 02:45 PM
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I rent now, me and my girl are still saving for our eventual house it's just that the market is pretty terrible for buyers in the neighborhood we want. I see a house that has alot of what I want and it's not TOO crazy, and people already have offers on it within a day or 2.

Last thing I wanna do is continue to compete with a house I don't truly love. We've talked about waiting till next spring to get more $$ saved and if there's something we really love then would have no problems competing.

Won't lie I wish I had bought 3-4 yrs ago
post 1663536323 06-27-2022, 02:55 PM
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#106
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Originally Posted By FlexLex⏩
If you rent to actual legit tenants you really cant be screwed over. People with wealth and assets risk losing these assets if they dont leave. If you rent to poorcels, people with chit credit, students etc without a cosigner, RIP. But a huge amount of people renting are middle income young professionals who cant afford to go to court either and have too much to lose to just roll over and declare bankruptcy or risk having to pay a back;log of 6 months of rent with late fees.

realistically rents probably going to plateau now maybe dip a little but people always need a place to live. May see less of a demand for super posh condos and a move towards sharing more houses or lower priced venues.
The best reason to buy IMHO, which this thread topic highlights is level payments. That mortgage may feel like a lot now but it's going to feel like nothing 10 or 15 yrs from now.

On the other hand, contrary to miscers rent can go down with recessions. Or often times the rent will barely go up, especially on a house. Even during regular economic times. I've known families who've rented houses paying the same rent a decade later, maybe 10% more.
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post 1663541223 06-27-2022, 04:42 PM
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post 1663541753 06-27-2022, 04:51 PM
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#108
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Originally Posted By r32gojirra⏩
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post 1663542493 06-27-2022, 05:08 PM
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post 1663543213 06-27-2022, 05:21 PM
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Originally Posted By ymer⏩
2k avg rent? Adunbilivit
A 1 bedroom in Miles City Montana is $750. That stat probably also includes bachelors and rooms ie people sharing rent.

Would love to see what average rent is for a family home.
post 1663544383 06-27-2022, 05:50 PM
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Imagine being such a pos that you are gloating and happy people cant afford rent and are going to be homeless soon. How misreable is your life to be such a terrible human being. This is why i barely come here misc is pure trash now.
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post 1663546533 06-27-2022, 06:33 PM
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Originally Posted By katya422⏩
These unfortunately.

property valuation increases > property tax increases > rent increases
Add inflation, high APR's, and stagnant wages into the equation and the whole thing kind of becomes a house of cards.
Your schtick sucks and it screams insecurity.
post 1663546573 06-27-2022, 06:34 PM
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lolllllllll, mental illnessssssssss.

Holy chit.
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post 1663546703 06-27-2022, 06:37 PM
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Originally Posted By Weezy32⏩
Imagine being such a pos that you are gloating and happy people cant afford rent and are going to be homeless soon. How misreable is your life to be such a terrible human being. This is why i barely come here misc is pure trash now.
post 1663547153 06-27-2022, 06:50 PM
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Originally Posted By digital022⏩
Add inflation, high APR's, and stagnant wages into the equation and the whole thing kind of becomes a house of cards.
Right. Also, what's new?

I just finished a recent whatifalthist video.

About here he mentions a declining standard of living in wealthy countries for the past 50 years...industry moved to poorer countries, expansion of the workforce to crush wages:





Then there is a later section about democracy and the expansion of the franchise beyond stakeholders- how opening up voting to people who have no stake in the continued well being of the country turns the process into a popularity contest which leads to short-sighted government and eventual dissolution during which a dictator arises to set the country back in order.

Concludes that for a stable democracy you need a high degree of literacy and a broad distribution of wealth/ownership...aka: an educated healthy middle class.




For anyone interested:

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post 1663548833 06-27-2022, 07:25 PM
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Originally Posted By MyGhettoFantasy⏩
Will they get the last laugh 20 years from now when they cash out the difference they've been investing into an index fund?

I got a bad feeling boyos.
Most don’t do that though. Rentcels tend to live in the moment and spend their paycheck going out on the weekends and buy clothes on credit.

Finding even someone who has a 401k and a low risk index fund (low risk is relative vs memes like nft, and scams like most crypto) is rare. The younger you ask, the more rare it becomes.
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post 1663549403 06-27-2022, 07:37 PM
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Originally Posted By Kawhilights⏩
spend their paycheck going out on the weekends






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post 1663549653 06-27-2022, 07:43 PM
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#118
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Rent in San Diego rises by the week. It's nuts.

I've heard of people who just quit going to school down here because the living is too expensive.
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post 1663550393 06-27-2022, 08:04 PM
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The gov can solve this by getting the army core of engineers to build houses.
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post 1663551033 06-27-2022, 08:26 PM
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Originally Posted By CaliSuperSport⏩
Rent in San Diego rises by the week. It's nuts.

I've heard of people who just quit going to school down here because the living is too expensive.
The apartment I leased in late 2020 goes for literally 60% more 18 months later. Rent control FTW, but Jesus Christ.
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