Why 'build to rent' communities are booming in Houston
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- เผยแพร่เมื่อ 9 ก.ย. 2024
- Africa Releford moved into her Rosharon home in March after months of searching for a house to buy. Near closing, she reconsidered and decided to rent instead. She's not alone. Many in the Houston area are opting for build-to-rent communities due to rising home prices and the convenience of renting.
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These companies are scum of the earth.
BTR homes are $2300-$2800 per month with sq ft from 1200-1800. They are not a good deal and are not being rented because most people cannot afford the 3-3.5x monthly income to qualify. For those that can, it's cheaper to rent a bigger home from a private landlord in a nicer neighborhood. The new BTR builds in my area are empty and they keep slashing prices to get people in.
"You will own nothing, and you will like it" ... famous world elite
💯
The packaging to the renter is, the freedom of a home without the mortgage. Agenda 21 is in overdrive
Exactly!!! That woman was smiling and staring she’s winning. She just does not understand what is headed her way.
The real reason people are choosing this option is those apartment complexes you are connected to TOXIC TENANTS: THAT GUY/FAMILY THAT PLAYS LOUD MUSIC/AND GUESTS ALL HOURS OF THE NIGHT....and if you tell them about it YOU are the problem. Or kids running and jumping like the apartment is a playground. Random acts of violence. Sad 😢
Exactly 1000% correct. Been in my unit for almost 3wks & the thing above me acts as if her apt is her kids play ground. All day long. Even after 12am. Like ma’am i hv to be up at 6am. Plan on breaking my lease in a few months & going bk to renting a duplex or house. Housing market is ridiculous to purchase Rt now.
Even in residential neighborhoods you can get neighbors who blast loud music at all hours, usually renters who move two families into a home and park six huge SUVs in the street.
Everything
Is
Downstream
From
The
Border
Invasion.
Including housing inflation.
Even in these neighborhoods, trashy ppl will ruin the community. They only difference is, no one is stomping on your ceiling/their floor
@@claudialupper I experience this in what was once a really nice neighborhood. I tried to warn my roommate, who owns the property, about what was coming. Sad to say he didn’t listen. Am saving right now to get the heck out of here. It’s really disheartening! Loud rap music early, parties till 2 am in what was once a quiet place to live. The same thing happened to my parents who lived in a place where they never locked the doors in the daytime to being ripped off routinely. The cost of cheap labor is going to flood this country like a tidal wave. I have one thing in agreement with the Chinese when they say “Cheap is expensive to all.”
@@godc1109 they literally don’t care, do they? It’s astonishing how rude people have become in the last 15 years. 😫
Your not winning renting a home, all the equity is going to the owner. Please buy your own home!
Not everyone can buy a home, and most of your payment goes towards the interest for years. In fact a $400k home will cost you around $1.2 million or more with a 30 year mortgage, not including insurance, annual maintenance, and tax.
If ppl just understand the world, buying doesn’t make u look good. U don’t fully own the home, hence why there is taxes even after it’s fully paid for. Ppl nd to do what makes them happy & comfortable. Everyone will be dead sooner or later. An when the gov decide to shut the world 🌎 down for gd it’s not going matter either. If God decides to destroy it, it won’t matter either.
@@Epicfunk You're missing the forest for the trees. Those people who rent these homes, most are temporary, whether it be for months or years when they move they get nothing. If you own the home in that same time frame, equity... Besides, most rental prices are on par with home ownership
I agree, its like buying or leasing a car. Renting a home is like leasing a car for the rest of your life. May work for some, but not all.
Just like medieval times. We are just bringing back the days when a land lord was actually a Lord of the land. You farm the fields and you give them half your harvest.
Everybody's a renter don't pay your property taxes see what happens.
Exactly 💯
Say it again
2500 a month or 3200 anually ill still choose the property tax 😂
just set up an escrow account and don't worry about it! also my home was bought new for 240k its now worth 373k! can't afford it, sell it...... profit!
@@98slime86thank you. People act like they can't do math. So they'd rather pay $3k a month in rent forever versus a few thousand in taxes each year...lol
Many homeowners are struggling to find affordable home insurance in Houston. If you have a mortgage, you must have insurance, or they can foreclose your home. Add that to increasing property taxes, utilities, and maintenance.
If one chooses to rent unfortunately, if they were smart they would have renters insurance, but most don't. So, that same homeowner that can't possibly attain insurance, the same goes for renters.
Absolutely. I have heard many landlord's are requiring rental insurance, which is also going up. The cost of housing is a problem all around.
They will jack the rent smooth up on you baby you’re not winning
It’s because they don’t want people to own a home . House market is terrible
Renting should be temporary in a persons life, when they get older it is not in their best interest to still be paying rent. Common Sense!
Depends where u live in america, people in south Florida might say in 2024 with those insurance prices owning might not make sense. The days of one size fits all is over
You will rent and own nothing
@@DxntSimp Yeah just like leasing a car 👎
This is it.
@@DxntSimp My thoughts exactly!
Nothing to own but also nothing to risk
What happened to rent to own
Welcome to Nigeria Houston!!.
you know where is it? It is in Rosharon. Who wants to live in Rosharon? Those who are working remotely and retired or old people.
Rosharon is actually coming up. Developments all over the place. People are moving further out.
Future slums just like most apartment complexes become. No, I would not live there.
These built to rent communities are one of the reasons we don’t have enough homes for sale. They are owned by large investment firms who find more ways to enrich themselves while driving a nail into the coffin of the American Dream. If you can build a rental home, then you can build one for sale. We are hurting ourselves with this type of logic. That goes for AirBnB. Each property someone buys to the house as a rental means one less property for a family to live in. They also create a false valuation. Be smart…cities are staring to work on ways to stop this from happening but they are slower than the Venture Capitalists.
You are 100% correct.
Yup, instead of building affordable smaller starter homes for people. They will just have them rent forever and believe they are winning.
Do they not realize what are they going to do when they can’t work that much due to old age? At least if you own your home have equity. You can sell and downsize to somewhere with very low property taxes and retire. With this what will you do? Unless you have a ton of money in the stock market to fund your rent for eternity.
This is okay for short term but not good investment in the long run. Unless one doesn’t care about long term generational wealth. Renting is just throwing away money.
If you don’t want to maintain the house or the yard, then get an apartment. What kind of stupid logic is that, to get a house and not want to maintain it or the yard. This build-for-rent crap is what really has the housing market f’ed up.
If you are renting, you are Not winning.
Not in Houston, give it a year and here comes the jokers for neighbors. 7 families living in one home, have fun.
Some people don’t understand business and providing a need. If these people are happy why are y’all worried, it’s working for them. Im in sales and I have talked to many people that rather rent a house than taking on all the responsibilities of owning or buying a house. Let them be happy. Stop trying to rain on they parade. Congratulations to them 🥳
This is a scam. Someone else gains equity off your hard work. Bs.
@@BunnyMan-ec4xg scam 😜 u crazy u probably that same people calling everything a scam, it’s call fulfilling a need. What these people doing is no bearing on u. Get over yourself. Everyone doesn’t what the hassles of owning a house and some do. I know I talk to people everyday. Just be happy for them or move on.
Texas the NEW CALIFORNIA 💩💩💩💩
I can pay the mortgage, but i can't just whip out 10-20k on a down-payment for a home.
Have you tried first time house buying programs? If not look into it when rates go down
Look at the traffic this couple months in Houston
These corporations need to be stopped! 😡
Who owns all these build to rent properties?
Corporations.
@@richstex4736Chinese investors
Ppl who saying buy a home, don’t rent, what world are y’all living in?? I follow realtors & it’s millions of ppl up for foreclosures cos they can’t kp up with the payments or rise of payments, etc. this world was made to never own anything in life & always be labor. The world is business, sooner ppl understand the better off they will be. Just live ur life & be happy.
So instead of building equity and financial stability they should feed inti corporate greed. Got it.
I bought a home in 2021. Yeah I have a mortgage on it but I made sure that I was going to be able to keep up with my payments even if I had to go sack groceries for a living. Yeah home insurance can go up and for a bit I was pretty pissed off because I got dropped, then the next insurance company was complaining but I found an insurer and I’m still good. My insurance could go up 3x and I still kept that in mind when I bought my home. I didn’t buy more than I could afford on an even lower salary than what I was making. I was also in the mortgage industry when I bought my home so I knew what I was getting myself into. The problem with a lot of people is they do not know what they are getting themselves into. They buy a new build and are surprised when the taxes go up after a couple of years because they didn’t factor that in. Or people buy in flood prone areas or risky areas and don’t factor that in either. Condos are a risky buy no matter what because you are in an HOA and those fees can go up with little notice. People when they buy do not always prepare themselves for what can happen and that is a problem.
Renting a home is not ok!! You're making someone else money or making them get home. That's money you can invest in your own home!
When the rent keep going up and up and up and up every year, tell me hiw you like it then
Lol i work in that neighborhood and asked the superintendent how much rent was and he said $2800 a month. Im like thats crazy! Rich people come and buy those communities up and rent them for so much. Its just jaw dropping
She's a pretty beautiful woman ❤❤❤❤❤❤
Most of those places are corporations that are out of the country, that has bought these properties and are renting them out. Purchase your property right out
You will own nothing and will be happy with it
Smh no generational wealth only generational wealth is being provided to the owners.
I would rent this would be better for me, no HOA no paying for maintenance myself. I'm not settled down so buying a home would be ridiculous especially if it's the same price for an apartment. The only downside is the suburbs are extremely ugly and boring.
A nation of renters. That was always the plan.
"I owe my soul to the company store..."
Buy Your Home❤😊❤
Ummm tired of people migrating here
I pass by a new duplex being built every single day I should use a FHA LOAN an buy as many units as possible
Let’s talk about them property tax protest hearings every year when you own. Property taxes are raised every year even with a homestead, so what’s the difference from renting? Not much. So many people lose their homes over property taxes in Texas. So renting a home over an apartment is a great idea, but it does fall into the coming, own nothing and be happy plans coming down the pipeline.
It’s hard to save for a down payment and the down payment assistance programs are not what they used to be. Also one needs to consider their lifestyle when it comes to renting vs buying.
Is the American dream still a thing?
How long are the leases?
They would rather we forever be slaves to the landlord and never own or have any equity! Just more corporate-greed plays...
Bs and weak construction I hate those houses 😂
Ive been living in a home design like that in Cali. It is horrible sharing w/sharing a wall w/a neighbor.
Empty nester. I'd rather rent.
for those who doesn't know. first home buyer downpayment 3%. closing costs around 15k extra. then you and your house unite together. but it is damn difficult with 7% mortgage nowadays. but rental prices for apartments eventually gonna reach house rent prices. I wouldn't buy now 2nd house. The one which I bought 3+ years ago, - just got in it's value only extra 40k.
Yeah I wouldn’t rent. Not like I could but it’s just not worth it. I would buy now even with the high mortgage rate. Fed is gonna have to start slashing interest rates and then you just refi.
Unless, you are in a transient type of employment or in the service, this type of rent to own makes no financial sense and it does not sound like this lady understands finances. Why would someone pay double the monthly rent compared to a mortgage to own for a 1000sq ft home and to have someone else mow the lawn? Is the insurance and property tax included plus all the utilities? These same people should just wait for the real estate market to go down and get back to normal then purchase a home. Does not make financial or investment sense for this type of renting.
Just another way to further give more money to the elite.
This is the mentality of why the RICH are getting RICHER 😢
This is how the rich get richer and the poor get poorer !
I SEE SOME PEOPLE ARE SAYING BUY A HOME INSTEAD OF RENTING A HOME. UM🤔 RENTING A HOME WOULD BE CHEAPER THAN BUYING. HOME REPAIRS, YARD MAINTENANCE, & CITY FINES, FEES, & ISSUES WILL FALL ON THE HOME OWNERS NOT THE RENTEE.🤷🏾♀️
SMH...
@@4motofanatic 🤔💁🏾♀️
We Love USA from IRAN 🇺🇸❤️🇮🇷
Build another reservoir!
Yes
What could possibly go wrong!
Why? G R E E D S, that’s your answer.
because interest rates are so high
Worst thing to happen to outskirt communities, please builders stay building in the city limits. Y’all are bringing hoodlums to our quite community
you own nothing. no equity or anything you can walk away mortgage is cheaper than her rent payment
😂😂😂😂😂😂. The city's still had alot of land 😮😮😮😮😮. More they do,,,,,,🎉🎉🎉🎉 more taxes for city.....😂😂😂😂😂😂😂😂.
All you need to do is pay rent for a couple months and then stop paying and become a squatter and save up all that money to purchase your next home.
Stop building! Floods too damn much!
BTR are the way people are making raising your children in a home and community come true!!!
Trump 24
Yes, he will be in prison in 2024 and until he dies in prison!