Overpriced, Overwhelmed, Over It! Ep. 2 'Landlord Confessions'
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- เผยแพร่เมื่อ 24 พ.ค. 2022
- www.nbcbayarea.com/overpriced
A New Streaming Series on the Golden State's Housing Crisis.
The Bay Area’s and California’s housing crisis is crazy. Shacks are selling for millions. Investors are paying all cash for homes that could go to family buyers. And generations of communities are getting priced out. Through a series of steaming reports, NBC Bay Area’s Investigative Unit reveals its year-long investigation into The Golden State’s overpriced housing market that is leaving so many Californians overwhelmed and over it.
Episode 2 'Landlord Confessions': Small Landlords Out, Will Rents Rise?
Some small landlords say they are never renting out again. Will your rent go up? Small landlords make up a surprisingly large percentage of California’s “naturally affordable housing,” and yet some tell The Investigative Unit COVID and heavy-handed government policies are squeezing them - and their housing - out.
Learn more about this series at: www.nbcbayarea.com/overpriced
Do you have a housing story or issue you’d like us to investigate next? Email theunit@nbcbayarea.com.
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I almost fainted when they said he was 90!!! Whoooaaa! Damn he looks incredible! Lol 🤘🏼🤘🏼
That's a very nice compliment.
And still active! Very admirable.
He does!
Exactly, I want to be like him when I grow up.
Yeah, me too.
I had a rental unit for years... priced it well below corporate rates and never raised the rent. I even worked with people who had bankruptcies on their record and had no hope of renting from a corporation. Little by little my city took away my rights as a landowner ... it just wasn't worth the headache anymore. I sold my unit in a very desirable neighborhood, and now there is one less place for a renter who just needs a break.
I got out of rental business years ago. With new laws and regulations it makes it unprofitable for small landlords. The renters and politicians just don't get it, without mom and pops landlords rents will only go up.
Yep that’s right because the investors will make sure that renters pay for their investment
Yep
You forgot to cover the counties demanding their property taxes on time, even during Covid times.
I would love to rent out my extra room but there are too many laws that can get me stuck with a non-paying housemate. So, that room sits unused.
When I was in CA, I had a non-paying tenant and since I didn't know how to do evictions he got o stay for free for many months. He was an real estate agent so he kept lying to me that I would get my money later when he sold some real estate.
Too many laws means much less housing g. They are so stupid!
Same.
Get 3 months rent in advance.
@@judithgrace9850 Never rent any property without a contract and/or without knowing how to get out of it if something goes wrong. A lot of things can go wrong.
Need to vote those politicians out. Always making laws to punish the responsible citizens and harbor the laziness.
It's showtime. Let's go Brandon.
I know some landlords start doing airbnb instead of long term lease. If you get a bad long term tenant, it's extremely difficult to get them out. With the short term rental, you can just sell the house anytime you want which gives you more flexibility. The end result will be less and less housing for regular tenants. Everything is a two way street.
Yes when discussing our financial future long term rental property is no longer a consideration. There’s too much risk. Short term vacation property is still an option. Or other investments. You would be mad to become a landlord after what we just witnessed with the moratorium
Aqa=a
Not to mention having to pay 💰 $1000’s for relocation costs to move a tenant out.
@@cmpremlap We had to do that we had to pay our tenants 4k for relocation and we paid for their mileage. 😩
@@tvlove140 yeah it sucks, we ended up paying about 16k to move out 2 separate tenants. I feel your pain.
We haven't raised the rent for our tenant in 3 years even though average rent in our city has increased 40% in the same time. Our tenant treats our property wonderfully and loves living there. People think all landlords are evil.
Not all. I appreciate that you are providing housing and are fair with people who may be struggling.
I understand it’s a business transaction, but your kindness makes the world a better place.
Thank-you!
@@Raminakai thank you. But o do want to make it clear that we do not feel like we are special or doing the lord's work. We are still making a profit and benefiting greatly. We just don't believe that maximizing or price gouging is the right thing to do.
As a contractor I thought I was going to slowly acquire a unit or two and fix them up to rent them out as my retirement plan. Crap like this is why I'll never rent in Alameda county. Too many horror stories
That 90 year old landlord..is about his business 🥳
FACTS🎉
That is what America is about
I owned a home for rent and during the pandemic the renters wouldnt pay their rent for 8 months ! I had no choice but to sell the home to an investment firm and they increased the rent 35%! Sad .
I sold all of mine in California to HedgeFundOffers. They purchased all in one transaction. Was an awesome deal they paid me.
During the pandemic landlords could not evict even if they could not collect rent, so they could not keep up w/ their mortgages. Investors came in and bought them up. A little renovation and WHAM! rental rates went up big time.
Our politicians do not see their policies have created small landlords to get out of the housing market which eventually leads to higher rents.
And now the landlords are stuck trying to rent from someone else.
@@crand20033 not really, they probably own their own home. like myself ,I too have rented well under market. not raising rents for the past 8 years. Now , because of the new laws, I will raise my rents to the maximum allowable and bank it for when I am forced to sell. I am 69 years old, so I really dont need the rentals, I took pride in making all of my units as nice as anywhere I would live. But as someone said, no good deed goes unpunished!
It’s as though it was some sort of a plan.. 🤔
That is Capitalism
What's surprising is that man being 90 & still being active 🤯
He did get property management help but that was rather recently. Before he would even renovate the units himself!
Politicians love the anti-housing provider rhetoric.
They get big crowds
I will get out because I don't want to be their punching bag
Yes, piss off! We own a duplex. We had a great tenant, in fact, a wonderful tenant. However, we were punished and taxed like we were some big corporation. We used the Ellis Eviction to convert it to a single family house and give us more room.
The politicians with their anti landlord stance will destroy all affordable housing. Any small landlord that stays in the business will have to raise rents a lot just to allow for that nonsense. The first thing that should happen to solve this. 1. Evictions should be quick, easy and inexpensive and should have no restrictions for non payment or destructive tenant. Why? It encourages tenants to pay and it makes it less likely the landlord will need to raise the rent to cover it. The more tenant protections in place, the higher the rent must be. Eviction is the motivation to pay the rent, plain and simple 2. Restore full property rights to landlords. Whose property is it anyway?
Landlords should make the rules regarding their property... the qualifications needed to rent it, the amount of rent, when rent is raised and how much it's raised, 3. Gov't has no authority to void contracts and cancel rent. Can gov't cancel your car loan and you keep your car? Can gov't cancel your phone bill and you keep your phone service? Can gov't tell grocery stores to cancel the bill for shopping, but continue to let you shop? Can gov't cancel your credit card debt and tell the provider to keep letting you use credit?
But gov't still wants their taxes, even tho you can't collect rent? Seriously, these politicians need to cultivate a working brain. How about they try an experiment.... make taxes optional...pay if you want, but you don't need to. See how that works out for them. Or how about this... taxes on rentals are based on actual rent collected. That might make them think twice about telling landlords they can't evict or collect rent.
And it's a conflict of interest and should be illegal for gov't to 1. tell a landlord they can't evict, can't collect rent, causing them to lose their property and 2. have a gov't fund to buy foreclosed rentals that they caused to go into foreclosure. Maybe we should tell the gov't they can't collect taxes on any rental they impose restrictions on.
SF is a criminal’s paradise you can just go grab stuff for free at every store
Go west young man and single moms
My God, what happened to California?!!! I had a nice middle class life there, in San Diego county, from the late 70s through the 80s. Prices and homes were reasonable. We spent a lot of time up in Alameda county. It was wonderful. An area full of charming homes and hardly any homeless. This is so heartbreaking to see what the former Golden state has become.
The Chinese bought up all the property
The corrupt politician must have some shares in the bigger investment companies - so he doesn't mind destroying the small landlords.
So glad that I did not move on buying rentals. As soon as I was ready, the moratorium hit and living in a hell hole with a neighbor who got worse during the pandemic, I decided to buy myself a home and not wait. Best decision and the remainder was thrown at other investments. I would never consider getting a rental in Cali...ever...
Rent should only be considered short term habitat. Good for you to buy, I bet your home's value has grown in this short time.
Or sell. Goodbye Mom and Pop $900 rent. Hello $3,000 corporate rental. Normal homeowners do not care or too afraid to rent their own properties. How can you find affordable housing when so many non paying tenants are blocking blocking eviction? So you end up raising your bid beyond your means and end up bankrupt too. Kalb is too powerful. He will not stop until the government owns your rentals. I wonder how many renters live in Kalb's house.
In Tampa a nonprofit bought two dilapidated houses for $300,000, there converting them to affordable housing.
The small landlord should just sell and get out of the business. It isn't worth the headache.
Yeah. Thats what I told my tenant. Bought a small house and rented it out. But as soon as it gives me headache, it will be on the market. Life too short.
You must be rich enough to live somewhere else.
@@katehenry2718 no i am not. I just bought outside of town cause I couldn't afford Auckland prices.... but I work in Auckland so I couldn't relocate...
This is a great series with well cited information. Thanks, Candice.
Welcome!
This is informative and appreciate the different perspectives.
Wow! Finally stories from the main stream media that give another side of the story! Thanks you!!!
2:54 this guy looks amazing for 90!
U VOTE FOR THEM; U DEAL WITH THEM!!!!
so glad Ted Cruz isn't my senator
I sold in 17 because of an a hole tenent. We have a place that hasn't been raised in 4 years and want to keep it an option for the next tenent.
yep I had 6 houses. Sold 5, down to 1 rental. Can't stand the freaks I see that want to rent. Then you add on gov regulations and rules that is the tipping point. Tired of gov interference in my life its hard enough dealing with the scum bag renters
Tells us about some of the freaks looking to rent.
@@chicnoir29 10 people wanting to rent my 3 bedroom home, with 5 pets. Meth freaks with no teeth. losers making $30k per year and the rent is $30k so how are they going to buy food. Freaks with 8 dogs and 4 cats that no one else will rent to then they claim they are Therapy pets, you can buy paper work all over internet "Therapy" pets FAKE. POS SCUM BAGS FRESH OUT OF JAIL. Pedophiles. People with no job at all but assure me they will pay rent. Scum with previous evictions. Cigarettes' Smoking scum that say they don't smoke. Is that enough or do you need more?
Bro im also interested in stories..
Im friends with an active addict. A mutual friend found out hes homeless and implied he could stay with him. I told him you will never get rent from them.. they will literally spend the rent on their addiction even if it turns them homeless. I have seen this play out four times now.
@@PunkMartyr - Opioid addiction is the worst. It completely takes over if it isn’t “fed” properly. Makes addicts very sick when they haven’t had the drug past a certain period.
I have 5 properties in Sedona, Az. I'm going to start selling as they become empty, I'm getting old myself. I rented to retired people, they've been great to work with, the last generation with integrity.
ignorant city councilman ,, If he wants regulated housing, then build government housing !!!!! GET OUT OF THE PRIVATE SECTOR -you have it all wrong
very informative video.
this is a great one, star
Omg why can't politicians understand, landlords pay property tax! That tax pays for city services!
Renters don't risk anything!
Ummm xyz a month is a risk especially if it’s for shit. And the biggest risk is not owning the shit so ppl need back up money if they have to move out just bc the landlord decides to get out of the business, they want to rent out to their cousin, a bad managed property so someone has to leave, etc. there are risks for renters too. 🙄
Landlords were treated like single tax payers after 2020. Forced to make sacrifices.
Christ that dude is 90? Im 40 and hes sharper than some people my age.
Wait wait….Mr. Tarocuro is 90? That has got to be a mistake.
Nope. He’s 90. Celebrated his bday not long ago. Healthy and doing great!
Yeah, he’s 90 chick noyer❤
@@uwu1832 - Wow he’s in incredible shape. He’s very limber and mentally he’s very quick witted.
I had to rent 2 bedrooms in san francisco to students and lower rent I accepted pets. I can't even refinance, I'm not not going to sell, it just getting harder rent up to the roof.. did have 2 that try taking over it was a nite mare.. Almost gave up aswell, but im not selling no matter what. it unbelievable homeowners loosing our home then being part of the homeless population 🙏🏼🙏🏼
Its true my rents are hundreds less then any big landlord and im going to sell it was crazy
The war between landlords and renters is originally from the system we live in.
I'm a homeowner, I was thinking about renting my property. But seeing what happened to the renters rights, im very discouraged now, specially how renters destroyed my friends property during the pandemic.
dont worry folks, the much needed US$ 40 Billion relief fund will be handed out real soon... to the Ukraine...
kudos to the house and senates, they understood their constituent's suffering, acted swiftly and accordingly by rapidly approving the US$ 40 Billion aid package... this really show how much they care... for the Ukrainian...
Long live fellow Comrades
True
Ukraine got our taxes too. Those who filed early and still haven't received tax refunds should know their money has been sent overseas.
This is what America gets for being the world police.
I charge reasonable rent.
But I will get out of the freaking business
Housing Providers are being treated like criminals
Renters will game the system and take advantage of housing providers
Screw city government, screw the building inspectors (arbitrary and can be weaponized against you)
Yeah, I will sell to professional owners because I can't defend myself against gov. and tenants.
(bogus charges, and the serial complainers will use their buddies in the inspection department to
harrass you)
That Japanese guy is 90??!! I’ll have what he’s having!
That’s why we got out of long term rentals. Originally tenants had been with us since I was a child. We wanted good tenants that would stay for years. However, we started getting people who wanted to abuse the system.
Some tenants take advantage of small landlords, then cry when that same landlord gives up and sales to a corporation that doesn’t care.
We sold and left CA. Sad, because we love CA but just cant do business there.
my disabled friend lost her house in her 50s. she didnt accept rent during the pandemic and couldnt work. she sold the house.
my neighbors tenant did not pay the whole pandemic and demanded a move out cost last year. the houses rent was supposed to pay for the moms stay at the long term care home. they sold it to avoid more headaches. many oakland buildings are selling. no one wants to deal w renters who think they have more rights than a homeowner.
Government overreach. Pro tip: if you are a property owner/landlord, have your properties at market rate. You’re welcome.
Yeah but if its low you can atract better tennants like i have a cop and security manager guy. Its a trade off i gues.
@@zombiestory6353 I rent to retired people, the last generation with integrity. Only issues I have is they die in the units.
You can't blame landlords for wanting to get out of the rental business. Its not landlords place to house people for free.
I'll never be able to own an home... i can barely afford rent...
MOVE. That isn't meant to be harsh just to get you thinking about the possibility.
Then move to a more affordable state. I had to.
Ms. Hillary Davis's story told all the reasos why we have less affordable housing. Over-reaching and crashing tenant protection laws are forcing small landlords to get out of business. Tenant protection laws only protects bad tenants, because good tenants do not need protection as landlords love them.
This type of owner and housing needs to be protected.
Unfortunately, when corporate landlords takeover or have developers build structures, they are the ones with the most housing, and they are charging the most, thus they are some of the biggest contributors to homelessness in California. The tech business, which (by the lack of universal WIFI in Silicon Valley) primarily exists to usher in a new column of shlemiels into the alimony and child-support paying category, has created more homelessness in the Bay Area than anything else and falsely inflated the economy beyond reasonable levels. Part of the reason the leadership of California cities has done nothing about the growing homeless populations everywhere is because many are in their 70's now, and back in the '70's, they did enough Stevie Nicks sized mountains of blow to the point where they can no longer smell the feces covering their streets, and all of the real Ken Kesey LSD they did makes the sidewalks covered in tents and sleeping bags look like extra textured paint jobs on the buildings they are being shuttled passed. Every urban area on the West Coast, from Seattle to San Diego needs a surplus of highly affordable housing, because if nothing else, weather will still attract people to this region, whether they have money or not.
I thought the biggest contributor to the homeless is the metal illness and drugs. Oh, and don't forget laziness.
We need Islamic Emirate states of America now
All the more reason too not have affordable housing along the west coast. You want to live there then you should be able to afford it, plenty of cheaper states to live in! California dosent need more poor but they get them because of the weather. Seriously they would need to build 100k homes a year to keep up with affordable housing but yet there is a major water shortage? 100k homes flushing toilets for what 5-10 people a day, laundry, cooking minimal yards to water cars to wash…. Sure yeah keep ‘em coming maybe build in the fire zones every few years ok!
2:49 he’s what????? That man’s 90 years old? God I wish I were Japanese
I will never because landlord....never. no protections for them
THAT MAN's 90 years OLD?!?!!?
Seems misguided to frame it as a problem of tenant rights as opposed to a problem of unchecked corporate predatory behavior.
Who protects tenant? Government? Yeah, only the bad tenants. Real tenant protections comes from the other good landlords who want to rent to you from your bad current landlord. Tenant protections only hurts pop and mom landlords who become easy prey to bad tenants. Corporate landlords with their army of lawyers can easily handle that. Remember good tenants do not need protection because landlords love them.
Wait, isn’t there a contract where it says how much you must pay yearly? Or do land lords decide rising whenever they want? It is confusing for me.
If you cannot be a landlord in China then come to America and you can easily be come a landlord
Let the professionals take over then don’t pay them. Lol
Tenants have too many rights. As a landlord, you have to be select your tenant wisely to ensure (1) they pay, (2) they take care of the property and (3) honest. The high cost of rent starts with the purchasing price of the home which results in a huge mortgage. This has to trickle down to the renters. Renters have to take into account the monthly mortgage, insurance, property tax and upkeep.
Im just that guy 6 years no late fees bymyself just me n ny kiddo . It’s tuff but it gets fine just no mom and pop nomore .
Landlords are too entitled these days. They expect to collect and squeeze value without doing anything in return.
@@ozzyoz1495 for real they should get a job like everyone else
@@jacobnapkins1155 Try landlord once and your opinion will change 180 degrees.
Good job with the editor coving up the RF problems by putting the lady on the laptop screen... to try and cover up that her mic was dropping out.
Ha you caught that. Yeah there was some static in the audio. Ugh.
@@CandiceNguyenTV I'm the sound mixer over at the Harry Potter play, so naturally I notice things like that. in any case, it was masked well and more importantly a great new story. well done to you and your team.
The sad truth and same old platitude is true here (as ever): The rich are getting richer, the poor getting poorer. Hell, I consider myself *rich* but I come from a poor family. Of course by the standards out here, I’m still pretty low on the totem. My landlord (who owns 3 homes) decided, within her right, that now she wants to sell the home I’m renting. I _could_ try to rent or buy somewhere else, but I’m tired of sinking my cash into someone else’s mortgage and watch as they gain $300k in home value over just a few years while I miss out (meanwhile their taxes are pinned at a low rate). My mom is alone all by herself out in NC in an apartment I found for her due to a foreclosure. She’s on a limited income and they’ve already raised the rent $50/mo which for her, is a huge deal. I want to go back to living in a larger place that’s able to comfortably house all of us, her, me and my partner (so she’s not alone and not having to fork over so much rent anymore). At my income, I can get 4x the space for 60% the cost in other metropolitan areas and since I can work remotely, I’m probably going to have to go ahead and leave the gorgeous SF Bay Area behind, like many others (and good riddance to me, maybe that and people like me will help lower the demand here, but I don’t think it’ll matter). It’s just too bad, because people who are _from_ here who can’t just work remotely are *completely* left in the lurch! It’s really sad. 😞
wait your rich but you rent and your mom is in a small apartment. Explain what rich means to you?
@@jjohnson8977 Yeah, totally subjective term, I admit. I considered myself “rich” since I grew up in a rural area in a trailer with no college education and no prospects, family deeply in debt and etc. These days I make a typical senior engineer salary (so mid 6 figures) and have a reasonable savings. Think about mobility, specifically barriers to upward mobility for those of us who are/were poor. Folks who have a head start are less likely to need to support their family financially and thus more capable of saving more, purchasing and not getting sucked into renting and etc. Also note: It’s the SF Bay Area. To me, if you can afford $3m home, you’re fabulously wealthy (even though that standard varies depending on where you are I guess).
I have a million renter nightmares to your landlord stories
Actually, most of those renter nightmare stories are related to the income properties owned by the corporations and investors, if you look at the whole story. The moms and pops landlords tend to charge less rent than I would like them to. That really frustrates me. It messes up the entire market. The corporations and investors have a team of lawyers and professionals to ward off the disgruntled tenants. Not moms and pops. So it is in their best interest to keep the tenants happy.
The sad truth is that these income properties owned by moms and pops will eventually be in the hands of corporations and investors like us. And guess what? We will evict you and renovate the place to charge new tenants 50% more. If the middle class kills these pops and moms landlords by taking advantage of them, this is what happens. Stop crying.
I could imagine.
I thought renovations and fixing up were a part of maintenance. Now it is a reason to charge more. The cheap places are dumps with people running amok, and the fancy places are mostly unaffordable. What happened to modest stable housing kept up in good repair at an affordable price? If any place needs it, San Francisco does. Maybe landlords should be given tax BREAKS for renting out affordable units.
I Quit too
Different cities need to have places where people living in their cars can live in their cars without being harassed by law enforcement. What more can we do if there's no affordable housing but living your vehicle if you have a vehicle but you have to have somewhere to Park while living in your vehicle....... At least until the economy picks back up and high prices go down...
rental is the demand of the future: they have to ask the demanders. Able to own is still the best.
I want to know the 90 year old guy
And ask him what his doing to be that old and look so great 😀
Very like
Yep that’s right I told them chinese investors were coming to drive up the cost of rent they are buying property over the asking price way over and the renters got to pay for their investment
5:15. What is the alternative? The alternative is TO ACTUALLY BUILD ENOUGH HOUSING. CALIFORNIA HAS NEGLECTED TO DO THAT FOR 40 YEARS.
I just left at 79 for Mexico.
Querétaro works for me. $75k for all USA citizens 18 on up to leave this deadly and expensive country.
Great video. Love 💘💘💘💘💘
Love your channel.
😘
Please move to a safer and less expensive country, if you are on a pension, and can work online from anywhere. I did at 79
We need to provide studio apartments for the homeless.,$75K for all Americans 18 and up.
Much respect from Chicago. And retired in Querétaro México.
Send all criminals to war zones with play guns. Sterilization from birth.
Corps should not be allowed to own houses!
I love my 2 houses
So you just voting them in??
look they dont need to be mad about this if they end up with their tenants living on or around the property any way after they become homeless. there are more jobs than just tech and with out the little people who work in your grocery stores , work in child care or as teachers all the people you need to make up a healthy community, then all you have are people living in housing with no community. so investing in your community means investing for all people to live there. so that last one can get the big middle finger investing in community does not mean pushing people out.
Affordable rent is a myth in today's housing market.
They don't want mom and pop landlords anymore. They want to control the renters by owning the property's. California doesn't help the landlord.
lets face it. The 80/20 rule. 80% of renters are scum. Landlord of 40 years I know
Then stop doing it. No one is forcing you to be a landlord. Get yourself an actual job and join the workforce instead of trying to make a profit off from rental properties. Cleary it isn't working for you if you've encountered nothing but horrible tenants. Why even bother doing it for 40 years?
@@murrproductions9654 ha ha listen son. I retired mid 40's but I also did a "real job" that'd be electrical engineer boy. and owned rentals plus other jobs as well. I accomplished in 1 year what it takes you 10+ years to do. Yep renters a know to be scum bags that is a fact. I lived it.
@@murrproductions9654 You would think that no one forces you to be a landlord but that isn't the case. There was a property owner in Santa Monica that was so frustrated with being a landlord just wanted to level the property and go out of business. That actually made sense to me (if not financially). If you want to get out of business then you should be able to get out of it.
The case went all the way to the CA supreme court and surprisingly the landlord lost. The result was the Ellis Act passed almost unanimously by the CA legislature. Ellis asserted that everyone had the right to get out of business. You have a lot of costs in Ellis acting a building but if you want to exit a business then you should be able to.
@@hoapres so one case where someone was forced to be a landlord suddenly means everyone is?? Either way they chose to be a landlord and made a bad investment choice. I don't feel bad for them when they could have easily chosen to get a stable high paying job instead of risky passive income property.
@@jjohnson8977 so you made a profit margin increase in record amount of time. So you scamed some poor sap while coasting off a rental property so you didn't have to work anymore. Congratulations bud what a hero.
I have delt with slumlords and currently homeless because of one that I have taken to court currently but you can't blame the government or anybody. There are no excuses, there's always reasoning involved and Many. Like the Many of people just as Yourself. WE are the world, WE create this life. Until mankind gets it, it ain't happening. Love is the only way. We truly are All One*
You are so right. Put up an ad at your grocery store for free rent of your extra bedroom, or basement, or garage... anyplace inside. Pay all their expenses. Your family will increase immediately and everything will be wonderful. Right?
@@katehenry2718 You keep living with that mindset dear, you are creating Your Life. Cry baby. Kids.... 🙄
Thank God you cant do this in New York City against the law
I wouldn't rent properties to anyone now.
Fuck it, renters are all getting more entitled and has horrible attitude.
I'm much more comfortable keeping my properties and having peace of mind from all the crazy entitlement addled renters.
Hadir menyimak
Sold Your Homes - More Freedom and NO Headache.
Sell your home and live ... where????
Housing is not a right and you have to earn it.
All of this would be solved if we built more houses.
2:12 I see this type of apartments everywhere. You know what? This is total disgrace to have such barn style houses in 21 century. Neither Europe nor Asia don’t have these since 50-s.
INside is better than on the street. If you are on the street, these "barns" look mightynice.
There will never be enough housing in California because people will always move to California.
Greedy ass people 🙄 NY
It costs about 100K to construct a small house. For 1 Trillion, at least 10 million homes can be constructed to house over 40 million people. This will solve the homelessness problem, save all the section 8 money, make owning more affordable, and stimulate the economy: if you don't have to pay rent you will have extra money to spend on other things.
The government can sell those homes to people interest free over a 10 year period (at about $900/month). However, this probably won't happen.
The "other things" landlords are still liable for include mortgage, insurance, taxes, restorations and utilities that keep the building from being condemned. Landlords are fortunate to live in one of the units and still afford groceries out of their Social Security and whatever rent does come in. Landlords cannot afford to adopt renters and pay everybody's heat and electricity. Most California winters don't freeze pipes to bursting, so there's that. Want free rent? Go live with Mom and Dad and do chores at home. Renters should take over the landlord's bills for a month. It would be a practical class on money management. The electric company isn't so accomodating when they don't get paid, or the bank, or the water company, or the county that's counting on the taxes.... Tenants don't get it even if Nobody in the building has power or water...that means no flushies, no TV, no light after sundown, uh oh....no phone charger. There is no free lunch, and there is no free rent unless you choose a tent on the sidewalk. NOBODY chooses that.
To build a house takes around 30-40 people in different trades times 10 million homes..that's 300-400million workers, in construction alone..!!
It’s NIBYs fault
Remember when banks tried this with those adjustable rates where home ownership became so unaffordable that ppl just stopped paying and the banks folded. Either the rent becomes reasonable or ppl will just stop paying
You voted for this decades ago, have fun
Davis that's not a beautiful apt.just mediocre at best.
😠😠😠😠
Commies ruin 😒 everything.
The Real Reason for lack of housing.
Never Rent in any Democrat state or city. I rent ONLY in Red States.
If you can't afford an extra house on your own budget, then you shouldn't own it. Renters are not responsible for paying a landlord's mortgage or property taxes - the landlord is responsible for that cost. Putting the cost onto the consumer is unsustainable, as we've been seeing. Better get a real job because as soon as modular houses become more affordable (in the near future), rental homes will be a thing of the past. This housing crisis will end with more landlords in tears than tenants.
Bs propaganda