@@SomeUserNameBlahBlah BlackRock is an asset management/hedgefund company. There is no doubt that they'd be using Real Estate as an underlying security.
They'd need to be outside of US Jurisdiction or Uncle Sam would come knocking real quick. Hacking is a federal crime, even port scanning a random website could get a federal agent to come to your front door.
Also, being outside of US jurisdiction usually means being an enemy of the US, and our enemies aren't generally trying to make life better for the average US citizen. They usually want us dead.
One of the reasons home ownership has gone down, it’s damn impossible to save up for a down payment when they keep increasing your rent every time you renew.
I think that may be the point. Same goes for cars. Most people lease (rent) cars that aren’t built to last. A large chunk of Americans don’t actually own anything of value. Which some might say is exactly where “they” want us to be
@@krslp Its exaclty where "they" want us to be..... literal batteries for their wealth for their generations ... while all the other people suffer so they they can enjoy life.... which is fkn insane... imagine working all your life... so that another don't have to..... that should be enough to be up n fkn arms but people are so Distracted by dumbshit like that viral "man or bear in a forest" bullshit that they dont know whats actually going on before its too late....
Yep yep yep I’m rn renting a 800 dollar basement room because I cannot afford a regular apartment saving up for a house one day? I got rid of that dream a long time ago I’ll get my own house in heaven
I live in Alaska. The rent vs buy decision I’ve been trying to figure out for years. The rental income vs mortgage payment calculation never made sense to me. But this is much more logical and makes far more sense. Thank you for simplifying this!
Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.
I agree. Based on my personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has seen exponential growth. It's not just about having money to invest in stocks; you also need to be knowledgeable, persistent, and have the strength to hold on during market fluctuations
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Diana Casteel Lynch” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Right! They know that the fines they receive are Pennie’s compared to the money they receive so there’s no punishment for bad behavior dollar general is the perfect example
Hey if we're lucky we'll get a $1 check in the mail! Edit: my rent increased about $400 per month across 2 years at my last apartment. My last renewal offer they were generous enough to only raise my rent $50.
@@mspear01 Let 'em try to come and inspect! 😃 All they're gonna find is... 🕳 💩 Edit: After re-reading; I think you might have meant to say "rental" application fee. But, even if you did, I still stand by my statement.
it was bad even before the pandemic. i could not find a single apartment that would allow rent negotiation, even if i prepaid the entire year in advance or rented units that they were not able to rent to anyone else (for some reason, no one wants the bottom units where i live). they said no. these apartments aren't even owned or managed by real humans. it's just investment companies who want a completely hands-off approach.
ALL BY DESIGN BY ISRAMERICA, BLACK ROCK, BLACK STONE, VANGUARD, ZILLOW ETC.... DO NOT FEED THE BEAST SYSTEM, DO NOT EMPOWER THEM BY RENTING OUT THESE EXPENSE RIGGED RENTS. REMEMBER THEIR AGENDA THEY SAY IT LOUD AND CLEAR ( YOU WILL OWN NOTHING AND BE HAPPY ). DO THE OPPOSITE B U Y YOUR OWN PROPERTY, GROW YOUR OWN FOOD, CREATE A CLOSE COMMUNITY, GET YOUR SELF AND FAMILY OFF TV AND VIDEO GAMES R E A D, HAVE FAMILY DISCUSSIONS LEARN TO BE CLOSER TO EACH OTHER THAT YOUR CHILDREN CAN TRUST YOU TO TELL YOU THINGS THEY GO THROUGH AND FEEL. TEACH YOUR CHILDREN THE IMPORTANCE OF FAMILY AND REALLY LOVING AND PROTECTING THE FAMILY UNIT VERY IMPORTANT. SELL PROPERTY TO EACH OTHER RELATIVES, FRIENDS, REAL PEOPLE NOT GREEDY PEOPLE AND OR CORPORATIONS LIKE ZILLOW ETC....
Same.... around my area or few towns around, you can get an apartment of 2-3 bedroom no problem for around 1150-1300... now?..... 1 Bedroom is like 1200-1500..... FKN INSANE...
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
what most really can't see is WHO is really DOING this and WHO is "they"... And that's the reason why all of this is happening to us. Do you know who "they" are? Starts with a j - vvs
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $350k since then.
The world is getting more and more evil. Rent, gas, food,..... all seems to be priced without any consideration for the consumer. I was taught that monopolies were illegal in the USA. So how is this even happening? Where is our justice system?
@@blaizemalone4295Yup and just did it again last election. I'm fresh out sympathy and I'm glad I'm in a good spot. Good luck folks. Your going to need it.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I hate this. Every time a corporation gets caught they try to settle for way less than they took. I hope they don't settle so we can get accountability and have the company's reputation dragged through the mud for months, then pay out a huge settlement. We need real justice against our corporate captors.
I think an appropriate punishment would be for the state to seize their property and put it under the control of a public entity tasked with providing affordable housing.
@@robertjenkins6132and the public entity won't be controlled or involved with the government . . . exactly how? Anything the government touches benefits the government in the end, and we all know that. What you are calling for is communism and socialism - state control of everything.
Mine’s jumped from 50 to 70 percent in four years. Neither number is close to acceptable. Plus it’s damn near impossible to find even an entry-level job. What a sad state of affairs.
Ah yes, the rent vs buy decision I’ve been trying to figure out for years. The rental income vs mortgage payment calculation never made sense to me. But this is much more logical and makes far more sense. Thank you for simplifying this!
Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.
People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $315k to around $740k.
I tried looking into new strategies to profit in the current market because my portfolio has been in the dumps for the entire year, but everything I tried just seemed to miss the point. Please let us know who your asset manager is by name.
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@changeoffocus1074 these realpage users/complex owners are getting away with it by offering lower priced apartments through a government program to lower income persons and they have to qualify based on income for the lower rate and have to stay below the income rate or get kicked out of their apartment (no they can't pay more if they make more they literally get removed from the program and have to move out). so there is going to be the apartments that are set at the less inflated price and the apartments that people that make more will have to pay the obscenely inflated price. It is ridiculous. There is ZERO capitalism. Zero competition. It is all price fixing.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
When you look into major companies across the board in the us it's either a monopoly or duopoly either way, one or two BIG companies cover the market for each area...add lobbying into the mix and they can do whatever they want.
Given that 90% of the landlords in the DMV area are using it, absolutely. I'm glad that they're suing. I know that they swear the solution isn't more government regulation or additional taxes, but I'd say that a landlord with less than 90% occupancy ought to be forced to clear any rental price increases with the local city or county government and get a waiver, or else have to pay a fine to the tune of half the value of each unrented apartment. Oh, you don't want to pay a fine? Then lower your darn rent to attract yourself back to 90% occupancy again. That gives you plenty of leeway to flip apartments in between tenants if your rents are actually priced correctly to market conditions.
@@someguy6762wtf are you serious. I live on 2 acres 2bd room and a beautiful view. My mortgage isn't even 800. Keep making those landlords rich and paying off their mortgages. 🙄
Please stop calling them landlords. They aren't landlords! They're private equity firms with unlimited cash. They can sit on a property indefinitely without a tenant, and it makes no difference to them, unlike a real landlord who relies on cash flow. This is what's driving up prices. They could price a 1 bedroom at $10,000 a month and never get a tenant, AND THEY DON'T CARE because they don't need the money! It's just a write off to them.
Yes. And they can write the $10,000 a month unit as a loss on their taxes. This leaves little incentive to rent the unit if you have a large tax burden.
Unlimited cash that we keep giving them they dnt even have to rent anymore they just collect on non refundable fees and disappear over and over again because the market is supposedly tight.. they know people will always look for a place to stay. Massachusetts capping how many families can use a shelter if needed they are literally putting Americans hard working Americans out on the streets it’s crazy and we let them I dnt understand it we are so distracted and overworked and for what we can’t organize and agree enough to organize and take action it’s not about class and race religion anymore.
Not a write off. Property is taxed differently than income. For example, all the pandemic money gained fro online sales can't sit in banks so they bought up properties with it to defer the taxes. Not having people in the building means the value is maintained because there is no wear and tear aside from the bare minimum maintenance costs. Any other money saved / gained is a bonus
I live in Massachusetts. We had some d-bag from L.A. buy the building we lived in and immediately increased the rent from $1500 for a small 2 bedroom to $2600 a month and he wanted first last and deposit to sign a new lease. We left and moved somewhere cheaper. The people with money from out of the area are buying up these properties and jacking up the rent, when people can no longer pay, they flip the property to someone else and it goes on and on. The people that grew up in these small towns and cities can no longer afford to live in their own communities
To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
It's official, folks. Here is how everything works. We live in a "don't blame me; I'm just following orders" world. You only get to talk to the order follower. When you ask for the order givers, the answer is, "they don't talk to people." You only get to talk to a Filipino on the other side of the world who is paid a bowl of rice every two weeks. I call this "layering" and almost all companies do it. Each side is then able to escape accountability for egregious actions.
@@KH-rt3efSo not the wealthy who actually run our economy. Let's blame politicians, then tie their hands by complaining that anything that could help is socialism. Great plan, hasn't worked for decades, but you never know.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
Exactly, most of the investors pays more attention to the profit aspect forgetting that the market involves ups and down. securing your financial position requires lots of patience and proper education on the market so as to know the right profitable stock to buy and invest in. I made over $260k in profits, from just the Q4 of 2021. Investing in the stock market is most profitable when you understand how the market actually works.
That mention of a 12% increase really caught me off guard because that is EXACTLY the amount my rent was raised last year. And the landlord justified it by claiming it was still competitive when compared to "market rates", which I think has become a coded term indicating this algorithm is being used to price fix entire renter markets.
Another consideration to the Black Rock's is ALSO the skyrocketing property tax hikes over the past 3 years in almost every single municipality nation wide. This is as much to do with rent increases as the Black Rock cartells.
I got the same response from my landlord when they raised mine by that much, however I called them out on it as they own multiple units throughout the small city I’m in, enough that if they set their prices they can control what the rent is, when I brought it to their attention they lowered the proposed amount and only raised it 80$
Welcome to American Oligarchy. A very few billionaires own congress so force legislation to favor their profit over citizens health safety and welfare.
It can't continue forever, this is how stagnation happens and innovation dries up. Are more equal society will start outcompeting America, if it slides further into oligarchy.
@@mikolowiskamikolowiska4993 It's not their country, it's the People's. Besides, are you going to tell your 80s gram to move to another country to avoid being homeless rather than standing up to money bullies? Shame on you.
I've been saying this for years. The "market rent" excuse is a JOKE. It started to occur to me that landlords actually benefit from their neighborly landlord increasing their rent. If they all are in on it, they all get paid and can use "market rent" as an excuse. I remember in about 2018 or 2019 an absolute dump of an apartment complex was talking about $1200/month for a 700 sq.ft 1 bedroom and none of the others in the area were much better. I finally vented about it being wildly unfair and they all wanted to shrug and say "the price is fair because its 'market rent' for the area". They all use "market rent" as an out for taking accountability for what they're actually. None of them ever had an answer when I said "okay so YOU benefit from them hiking their rents up, how do I know y'all aren't all on the same page as far as agreeing to keep the rent sky high so everybody makes out with high rent?" If they hold the line, they win and we are all homeless or begging people to be our roommates in cramped apartments, splitting rent with people we don't even like just to survive.
there is more to it than this. i had 350 units in a large metro years back. if you buy a building (im talking about 20+ unit buildings). there are always problem tenants. domestics, police calls, destruction of property, poor choice in friends, the list goes on. the more you charge the less of these problems you have. IF you want to keep rent at 600 but those around you start charging 650. now your building will have the most problems in the area over time. so you raise your rent to 675... and the leap frog continues. even if your not on this rent site, even if you dont even know about what they are exposing in this video... you end up raising rent anyway because of how things work.
Landlords are the best example of ENTITLED business owners. There are no rights in America, except the right to make a buck. Making a buck is angelic, it's blasphemy to regulate.
@@dclaet1135 I've never much cared for that. They have their place but, it's too often used to prevent people getting a second chance. And if you're in a shit spot in life trying to rebuild, housing is kind of a big thing. There's also liability. Finances is the surefire way to not violate a disability act or affirmative action or other types of profiling suits. But that goes into a whole nother avenue of how the rental situation is fucked up
When I was in apartment leasing, I was required to use this price fixing model by my supervisors and every time I pushed back saying the rent was too high for the amenities, age of appliances, area, etc. I got push back and was asked to justify why I felt the price should be lower. Speaking from the very bottom, Realpage intimidates you into believing that their price fixing model is supposed to help YoY profit but it just unhouses more people.
Thank you for sharing from an insiders prospective. RealPage is owned by a private equity firm and it's private equity conglomerates like Black Rock and State Street that are escalating prices across the board. I highly recommend a short video "RFK Jr.: How Hidden Monopolies Are Driving Up Prices". He is the only candidate who sees how this is hurting low and middle income people and is committed to fixing it. The video is about one woman's experience, she explains how she was priced out and lost her own business and how most people don't realize the businesses they think are individually owned are just fronts for huge private equity firms.
Same! Leasing Apartments was my first job out of college and, I didn't realize it then, but the only way prices changed daily (based on multiple factors) was through an algorithm. It also made certain assumptions that were so messed up. For example, a family's rent would rise $300/m and that family would put in their notice. They would then see that the listed price for the unit was exactly what they currently pay, come into the office, and we would have to basically tell them yeah sucks but nothing we can do. It capitalizes on the inconvenience of moving and always assumes you'll pay more, but wants the unit filled even if at a lower price.
@@seanthetropicalprawn7220 Thank you for sharing. This is precisely the kind of behavior that defeats the idea that competition will drive down prices. This isn't even free market capitalism; it's just plain rigged and no one is talking about this stuff except RFK Jr.
The only way to get a lower rent is to move. Leasing offices always skimp on tenant maintenance requests. Some of these buildings are so old they need to be gutted to fix the plumbing, yet they won't do it with an opportunity between tenants because it's inconvenient and costly. The consumer renter has to put up with this crap they dish out.
''Most of the great problems we faced & face are caused by politicians, bureaucrats, shysters, financiers, elites, bankers, pharma, MIC, big-agri, big-bus, msm, and kindred.....; creating solutions to problems they created in the first place." - Walter E. Williams And, continue vigorously. Awaken yee all.
I think 4 single family homes and 5 duplexes.... TIME to stop these Wolves buying houses poor people have been priced out of (property tax, home ins.) STOP putting ELDERLY PEOPLE out of their Homes!!
let me guess you own just under this amount. How about 1 family 1 house. Rental housing, owned by non-profit govt agencies. How do soldiers fight for the "Homeland" when they can't afford to own a home in the land. That doesn't make you a patriot it makes you a fool.
I said what I said about single family homes because it the right thing to do. Just because u or anyone has made a few bucks, doesn't give anyone the right to trap on other people. More so if u can't police yourselves when u can clearly see it's hurting people. Then measures need to be taken to correct the problem.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
this is one reason, but there's actually many terrible reasons. giant corporations buying up housing, short term rentals taking over, intentional inflation and price gouging, the list goes on
And, the reason that goes unmentioned a lot of the time: It's illegal to build enough housing. That's all zoning laws do. Limit supply. Everything "good" they do, doesn't need to be in the zoning code. You need to buy a specific exception to the zoning code to get anything built in cities because they've already built all the housing allowed by law, they can't build any higher. Loosen the zoning laws, allow more supply to meet demand, lower rents.
See also: REITs. Greedy wealthy people are squeezing short term gains out of a long term investment vehicle. Real estate gains are long-term, low-risk, you don't see returns until after 15-30 years of a tenant paying your mortgage. But now people want the tenant to pay their mortgage AND another $1k plus for them to pocket that month.
This explained everything I've been wondering about...geez. Our apartment building was bought out when our elderly (but very kind) landlord died and they immediately doubled rent, added fees, forced a new lease on everyone, essentially changing our lease dates and made no improvements to our 100yo bldg. Lots of promises but no action. Glad we got out. There are 22 apartments and I think they only have 3 rented currently.
Isn’t it crazy how mortgage rates continue to rise with higher imports and declining exports? meanwhile the FED is yet to lessen cost. Something will eventually break if they keep raising interest rates and quantitative tightening
indeed the mkt & economy has gone berserk, price of great assets like real estate, dividend paying stocks, or gold never comes down easily, in my humble opinion, buy what you can afford today, and working with a financial advisor certainly helps
Apt!! I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.
My CFA ’’ Sharon Ann Meny", a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
Nothing will break everyone now is a retiree and they make a huge windfall in extra money in 90 day T-bills so all you'll see is spending increase and the cost of living rise.
Property taxes should not be assessed to market value. Do you know how high these pricks assess houses every year? 2-10%. Heck off with that. Near thousand increase in just 1 year 2022-2023 and you guys complain about why RENT is so HIGH? lmfao. Put 2 and 2 together. Fix your greedy af government
This would be amazing. Pages like Indeed are so obviously data farming schemes made to tip the information edge to those with capital. Free market principles have been left to the wayside, and those in the labor market (all of us) are losing the value of our labor without any recourse.
When I worked at Briggs and Stratton, the ceo of the company said this every time pay came up during salaried employee town halls. It’s absolutely price fixing. I wish I had had the guts to stand up and call that out in the moment.
Probably there were no upgrades either like painting or upgrading the bathroom or kitchen plumbing which gets worn out even in a house huh? That might be a onetime hike just maybe.
There could be an justifiable large increase without any noticeable difference on your part. For example, a sudden and notable increase in property tax, mortgage rate or inflation. In case the rent include utility, HOA fee and stuff of those sort, increase in those will be passed down as well. But this is rarely the case and even when it is, it rarely amounts to $300 unless you are renting something expensive to begin with (dollar value increase is rarely the correct marker, % is). Most routine repair and maintenance should not result in a rent increase, because a proper and responsible landlord should have a margin for that already, setting money aside from every rent check for just such a purpose. Naturally, if there was an unexpected catastrophic event or you asked for a particular upgrade, things would be different, but I presume you would have mentioned those if it was the case.
Thank you!!! I have been trying to get people to understand this. This is why, when you threaten to move elsewhere due to a renewal increase, it does nothing. They know you can’t find anything better because everyone uses the same pricing system
Note: because all other land lords are Using the Same illegal price fixing system called Real Page. All land lords are guilty and should have their Apt complexes confiscated by Fed Govt.
I was with PB Bell in Phoenix in the same unit for ten years. Rent went from $750 to $1600. Management told me they were matching rates of other complexes in the area. That they gain a higher profit by having renters leave than stay long like I did. Doesn't make sense because in ten years they never had to upgrade the unit and I paid the same as a new tenant. The stove and oven didn't work at all. I didn't have hot water the last two years. Ripples in carpet. I left Phoenix and moved to a rural community that's affordable. I'm glad to see the DOJ is working on this.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k. I've made a fortune so far, and I'm now buying real estates, gold and silver as advised by my FA.
I'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well.
“Jessica Lee Horst” is the licensed advisor I use. Just google the name and you’d find necessary details. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Curiously inputted Jessica on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal.
I accused my apartment complex management of price fixing back in 2015 or 2016 when the rent jumped by over $150/month for no reason. The girl just stood there and looked at me with a blank stare and shrugged her shoulders. This "price fixing" has been going on for probably the past 9-10 years.
@@nathansmith1793not in big corporate type or medium landlord type structures. Maybe a small mom and pop who hires a property manager for % fee monthly but that’s not the majority - trust me
Yikes. My last apartment renting is 2010 and I didn't like the $30 increase. I move to a house where I put a huge amount of deposit to make the mortgage comparable to renting an apartment. After that in 3 years later, I saw how banks use scummy tactics on loan and delay me from paying off the house. The banks are legal thieves in suits back up by powerful government backers.
I am in Oregon and rent is high where I am compared to what people actually earn. People are having to work two jobs, both spouses have to work to afford rent. And not only that but immigrants are getting more help than citizens. A man from New York, the Bronx and lives there, told me that over there, people are living in cars, and yet the immigrants get more housing and other stuff than citizens, than our own people. Idk what people are supposed to do.
When I had an investment property the agent who was managing it was constantly wanting to increase the rent. I said no many times. I worked out the higher the rent, the more money the agent made because their fees were a percentage of the rent. All the greedy fingers in the pie.
@meggrotte4760 just learning about how Japan has such low wages and high cost. Chinese people are starving so they can build empty cities. You might wanna rethink that bs.
This is a direct result of collusion between corporations and govt. They are essentially one and the same. The rich make the rules to benefit themselves and screw everyone else. This is why you now have 75% of the country living paycheck to paycheck with no savings to speak of. Greed has ruined this country.
@@timetowakeup6302 The same way that British colonials treated the Irish during their potato famine. We're not human beings to them. Just "filthy peasants" who are in the way.
Could you imagine every American a chance to own a home, and affordable healthcare! The country would boom. But then again, that would take from corporate and entitled profits. Nevermind.
Every American use to have a chance, they will again soon enough. But you need to remember it's a game and if you do not learn how to play you will always be stuck complaining. AI is dangerous yes, but new cards are always dealt and US citizens can be just as good in the game, if not better. The government is being payed off, so lawsuits are not going to do much. "Corporate" can be anything and currently its been known the housing market is being eaten up by foreign nations just to rent. I really do not like to bring up politics but they do play a role, America needs a person who gives two shits about foreign nations because at the moment they are really hitting us hard. Yes, politicians mainly care about themselves, but I would rather have a politician with ideas that the little guy can benefit from. I need to be careful on what I say here, too many rats sneaking around, but really analyze the situation because the government is terrified when its citizens start to think instead of outright blaming. Seriously, ask question, " the 5 W's" are a good start.
THIS is EXACTLY what is happening in Michigan. Can't even go rural, prices are exactly the same. No competition. In 8 years Rents he are up 200-400%. Many in cars.
We live in a "don't blame me; I'm just following orders" world. You only get to talk to the order follower. When you ask for the order givers, the answer is, "they don't talk to people." I call this "layering" and almost all companies do it. Each side is then able to escape accountability for egregious actions.
ALL BY DESIGN BY ISRAMERICA, BLACK ROCK, BLACK STONE, VANGUARD, ZILLOW ETC.... DO NOT FEED THE BEAST SYSTEM, DO NOT EMPOWER THEM BY RENTING OUT THESE EXPENSE RIGGED RENTS. REMEMBER THEIR AGENDA THEY SAY IT LOUD AND CLEAR ( YOU WILL OWN NOTHING AND BE HAPPY ). DO THE OPPOSITE B U Y YOUR OWN PROPERTY, GROW YOUR OWN FOOD, CREATE A CLOSE COMMUNITY, GET YOUR SELF AND FAMILY OFF TV AND VIDEO GAMES R E A D, HAVE FAMILY DISCUSSIONS LEARN TO BE CLOSER TO EACH OTHER THAT YOUR CHILDREN CAN TRUST YOU TO TELL YOU THINGS THEY GO THROUGH AND FEEL. TEACH YOUR CHILDREN THE IMPORTANCE OF FAMILY AND REALLY LOVING AND PROTECTING THE FAMILY UNIT VERY IMPORTANT. SELL PROPERTY TO EACH OTHER RELATIVES, FRIENDS, REAL PEOPLE NOT GREEDY PEOPLE AND OR CORPORATIONS LIKE ZILLOW ETC....
Another consideration to the Black Rock's is ALSO the skyrocketing property tax hikes over the past 3 years in almost every single municipality nation wide. This is as much to do with rent increases as the Black Rock cartels.
Absolutely certain an apartment complex I rented from used this. The rep did say they used an algorithm to determine rent increases. My last lease term they tried to increase my rent by $500/mo. I sent in my 30 day notice and almost immediately got a call offering me a lower rate to stay. I suspect, they overreached and many tenants moved.
We have a chance to break the stranglehold of the duopoly and open up ballot access for all independents and third parties. We can make this happen this November by supporting RFK Jr.
I used to think ranked-choice voting was a good idea, until a person who only received 21% of the first choice votes won and proceeded to mess up the entire city. Now I leave the 3rd and sometimes even the 2nd choice slots blank for fear of a terrible person managing to gain power. That system requires the public become so much informed on all levels of politics and so much more coordination. Even if the idea is good, the people are bad, and they'll game it just like all the other systems.
Thank you Kris Mayes for all that you do. Arizona finally has an actual, honest -to-god attorney general who isn't afraid to take on the big issues that affect us.
I toured an apartment complex in Scottsdale and they openly utilize this price-fixing software. Why does it take so long for the AG to make a ruling to stop this type of syndicated price fixing? The AG says with a smile, "this is illegal"
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
When 95% of all American TV, cable, radio, internet, cellular, etc, companies are owned or are subsidiaries of the Big Five media giants, unfavorable developments like this will be ignored and buried until the stench can no longer be ignored!
My landlord said one time that the shareholders wanted the rent to be higher, and thats why he was raising the rent. For a 40 year old outdated apartment to the price of apartments in the bougie side of town; we were not in the bougie side of town. Additionally. The landlord was the owner. He was the biggest shareholder, and couldnt say outloud "I want to extract more money from you because this wbebsite saidi can charge that, and i dont care if you dont agree with the price".
Are you also going to add a property tax cap, property insurance cap, and a cap on maintenance services/goods for maintaining the rental, apartment or home... Those fees/costs go up every year, the rent has to adjust for it. My mortgage just went up 23% between property tax and higher insurance costs, if I were renting, I'd have to pass that on to the renter, and that doesn't include normal inflation values for regular maintenance that has to be taken into account.
@@marcusthatsme my apartment during covid raised the rent and not only cut the amenities, but sold half the complex that included most the amenities and straight up told tenants they can't use them anymore. i specifically picked that place because they had two pools and a tennis court. maybe landlords should have to prove expenses?
@@blayzeon Not knowing where you live, it's hard to say why that happened. One of the big reasons rents increased in many places where it used to be affordable was the migration of tech workers. Overall I believe there was a 12% increase in rent costs during the pandemic. I'm not sure if they should have to prove expenses, I'm not sure what that would do anyway. In a free market those running the business should be able to set their prices, it's suppose to be competition that keeps things in line. Which this software seems to remove from the picture. If the landlords could set their prices, then they may still set it at a lower rate to compete against their competition instead of being forced to maintain a higher rent cost, which I would imagine means that with each new landlord that joins the program the rent would technically continue to rise slightly, removing competition completely out of the picture. I don't understand why they'd raise rent and remove amenities. That's just silly, but on the other hand a lot of business were also hurting during the pandemic, with some not having to pay rent at all, so maybe selling off those assets helped them hold on to the rest of the complex, since even if renters aren't paying, the complex still has to pay their mortgage and stuff. Government likes to help one level, but ignores the rest of the pillar.
@@marcusthatsme If you don't like it, don't be a landlord. Guaranteed revenues are not a right. BTW, you don't HAVE to do anything, you choose to do something because you can.
@@markfx12 Not sure what your argument is. Mine is if you're going to cap rents, you have to cap the entire system, not just part of it, else you break the system. With your logic I can say, if you don't want to rent, then don't complain about the high prices, move some place where you can afford the rent.
@@someguy6762did you not watch the video? Can you disclose where one would find lower rent, when some places have 90% rent controlled by this stupid algorithm pyramid scheme that the government will protect because it doesn't care about it's people. Especially the elderly and disabled.
Homelessness would have a profound reduction if we had more housing a full time minimum wage can afford. The people serving and cleaning up after the rich need shelter too.
We have no minimum wage we can afford because the government that steals all your money only updates it in blue states. Minimum wage means nothing when the print money out of thin air. The economy is done
We need affordable housing. Not just housing. They are building new apartments on almost every corner in Southern California but studios are going for $2,500.
My entire area has turned into rental properties. 2 houses behind me 1 house across the street 1 to the right of me and 1 to the left. They are all sitting empty except the one across the street. My guess is they won't come down on the rent.
Great video. Seems like this is used everywhere and has no regulation. I'm interested if this applies to any of: 1) Job Salaries / benefits 2) Grocery Store price fixing 3) Military Industrial Complex 4)Hospitals/Insurance/Pharma/veterinarian price fixing 5) Transport 6) e-commerce
You're spot on,. It's happening across the board and it's because private equity firms like Blackrock and State Street are buying up everything and eliminating competition. Watch "RFK Jr.: How Hidden Monopolies Are Driving Up Prices". He is the only candidate committed to fixing this and other issues affecting working Americans.
I am so for this story, and then suing these big money, big creepy control corporations all working together to create artificial inflation and profit over everyone’s expense.
They are doing it all by themselves! I wish the government would get involved and do something about this because the fat cats are not going to do it themselves!!
My apartment complex is part of one of the lawsuits in AZ, can't wait to see what happens! We definitely knew something weird was happening while looking at potential places to move, when nearly all of the surrounding complexes within a 20 mile radius had identical prices. It was either move and *maybe* save a few bucks, but then have to pay all the new fees, moving costs, deposits... Basically forced people to stay.
I just read a comment on a Providence RI newspaper where a senior citizen, who has been an A+ tenant for 20 years, is having his rent raised from $800 per month to $2000, starting in 2025. Not even a gradual increase. What he thinks is happening is...he lives in a town with an IVY League university and student's parents can afford mega rent. Now, $800 is admittedly cheap in today's market, but imagine if a mortgage or rent had that sudden increase. The senior citizen will probably have to move (where?) and the landlord will actually get more than $2000 per month because of the incoming students.
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
"No crime in progress ever stopped because somebody else went to jail. The jails are filled with people who never planned on going there." -- Sam Antar, Former CFO of Crazy Eddie, and Convicted Felon who now blows the whistle on white collar crime.
In Germany, you can go to a website and enter information about your home, like where its located and when it was built,and if the landlord is charging you too much they can get in trouble and they have to reduce it. Crazy, I haven't heard anything about a housing crisis since I moved here and they have taken on many many refugees.
These renting companies will only put themselves out of business as people wake up from The Matrix. They'll stop paying rent anyway and move out and build their own places. Get your own piece of land by a Van, a camp event, a car and live out of it constantly for free. What's the YPU rent when you can live in your band for free?
My wife and I have tried to buy a home recently. It had been listed for one day. Already had 2 cash offers from a couple property management groups. They gonna turn it into another rental. Almost everyone in our town rents cuz there is nothing else. And this isn’t the city. It’s a small town in Colorado
Landlords are responsible for homelessness, poverty, and many chronic illnesses created by their decrepit properties. Also, people in urban areas subsidize the infrastructure of suburbs disproportionately with their taxes, and more so for every property a landlord owns. They are nothing short of an existential threat to our society.
It is ridiculous to blame one entity for so many of society’s problems. They are caused by multiple factors including poor decisions by the affected individuals.
Mortgage rates are currently have never been so high since 2000 (23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market ithe same, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
I appreciate this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
A “housing crash” will make it more difficult for those who cannot afford a house rn. If another 2008 housing crash happens, it will cause a loss of income for people who are already struggling due to Bidenomics (layoffs will happen, lenders will operate with more scrutiny). Then the housing cartels like Blackrock will swoop in and buy up all the foreclosures…. If anyone is waiting on a housing crash to purchase their future home, ya better be stacking cash and building that credit to tier one status. There are number of other factors that I haven’t listed.
"Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
New York always fascinates me because rent is so high you literally have to eat ramen noodles every day and you earn over 100k. A little box studio is 4K a month why? Why is there so many apartments buildings and who is in them? Where is the money going?
I think this is what happened to me in Colorado. I had been in my apartment 7 years with an affordable rental price. I was established in my community, knew my neighbors, grocery stores, and restaurants. A corporation from California came in and wanted to update the property. They gave the existing renters a choice, you could stay and move to an updated unit while they upgraded the unit you were in but the rent for the units were now double with no way of negotiating affordability. Sadly, the whole neighborhood was disrupted and forced to move. Gentrification by an algorithm.
RealPage is owned by a private equity firm and it's private equity conglomerates like Black Stone and State Street that are buying up EVERYTHING and escalating prices across the board. I highly recommend a short video "RFK Jr.: How Hidden Monopolies Are Driving Up Prices". He is the only candidate who sees how this is hurting low and middle income people and is committed to fixing it. The video is about one woman's experience, she explains how she was priced out and lost her business and how most people don't realize the businesses they think are individually owned are just fronts for huge private equity firms.
Weird how there’s always a different scapegoat depending on the region. “Some damn Shelbyville tycoon came around and bought up all the real estate in Springfield.” We are being played.
@@Redpoppy80 same business model buy everything for sale in an area and then you control the pricing of that area. This is just organizing all the landlords to act as one entity instead of the capital all coming from one company.
Blackrock and the owner of RealPages are both private equity firms. Watch the video "RFK Jr: How Hidden Monopolies Are Driving Up Prices". Kennedy is the only candidate committed to fixing this. The others aren't even talking about it.
@@Redpoppy80Sorry Zach was a bit vauge. Real-estate investors drive up the cost of rent by buying up and selling rental properties. Each time a property is bought they can use a service like RealPage to do a "comperable service price evaluation" as though they where renting an brand new set of condos. I am sure you can see how this might snowball if everyone was doing it. Whats worse, the national realtors association uses the same formula's to evaluate all homes being sold, causing even less competition, and making realestate more and more of a Ponzi Scheme and less of an actual value added buisness model. And I do mean that real-estate has become almost fully zero value added, new construction is amazingly rare. Shockingly rare, and more suprising still is the overstock of homes in the USA despite the market being very scarce that is to say There are a lot more vacant abonded houses then there are homes for sale, AND homeless people combined! By millions, in every single state. Its amazing to think this entire scheme has not crumbled yet.
People who are partially homeless in the United States and live in cars are the product of a complicated web of interrelated factors. This problem is fueled by high housing expenses in relation to income, stagnating earnings, and income inequality. A lack of affordable housing, medical costs, evictions, job loss, a lack of social support system, and structural issues and insufficient policies all contribute to the phenomena.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I've been putting off doing this for a while, even though I think I should. Since you appear to have everything figured out with the firm you work with, I wouldn't mind a recommendation, but I'm not really sure which firm to deal with because I think they're all the same.
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!
I live in the Phoenix area. Rent is insane. We live in an old apartment for $1670 a month. The only "updates" are granite countertops. Apartment complexes are renting at ridiculous rates and they're ALL doing it, there is no competition. Many have trash strewn about, no security, people riffling through garbage cans at all hours of the day and night, lack of lighting in the parking lot, poor maintenance, ant and roach infestations, etc. You name it. It's trashy here. I have lived here a total of 15 years and things have become so trashy, it's like a totally different country. We are moving in October. I will never look back.
You have the right to complain about your apartment that you pay to rent, but you cannot complain about the area around it. You are bitching about homeless people going through the trash, but yet want to pay less on rent to the point that the landlord can't do anything to help the situation? You are part of the problem, cheapskate.
Finally, a rational response. Thank you. You can always vote with your feet, in the United States is filled with housing markets that are entirely affordable.
Funny how this hitting the news again. I recall hearing this on NPR several years ago, when I was still driving to work in the mornings. They don't just use RP but also Zillow, et al.
As a small landlord I have to say I’ve checked and my properties are “worth” much more than I’m charging. I will not raise rent though. Have a few new tenants but most are small families who’ve been with us for many years and sometimes have trouble paying the amount I already charge. I’m happy to work with them when this occurs. (Usually happens around the holidays. Covid was rough but forgave rent back pay during most of Covid) I’m not making much at all but that’s fine. Couldn’t sleep at night if I was the reason a young family is homeless. Rent prices are all similar in my area so I’m going to assume something like this is happening here too. Fortunately there are other small landlords who need to make a living but aren’t willing to sell their souls. Anyway…my point is don’t hate landlords too much. A lot of the issue is corporate entities buying up multiple properties, charging more, and losing the human interaction that keeps people honest. God bless you all and yours
If your only “job” is being a landlord then people should hate you. That would literally mean your only function in society is to leech off other’s labor. It doesn’t matter that you leech more gently than mega corporations.
THANK YOU for being human and having a heart for people and your community. 💜 I learned 15 years ago to only rent with small landlords. I refuse to live in any property that has more than 6 units. I want an actual person for a landlord, NOT a corporation. They are too difficult to deal with. You eliminate all the middle men and drama. I've been fortunate enough to rent from single landlord condo owners for my last three rentals. It is way better than renting from the big greedy real estate corporations. I have not had to deal with outrageously criminal rent increases. I will continue to do this until I own my own home. We need more landlords like you and I pray that more of you are out there to help keep people from becoming homeless. 🙏🏾
So, you are willing to go upside down,for your tenants sake, if your property, taxes, and insurance go up? Many of these people who have rate increases are doing it because of the price of insurance. And many cities require expensive renovations to be done on properties periodically. That can run into millions of dollars in expenses if it is an apartment building. Same thing is happening to people that own condos in Florida. Everyone wants to feel sorry for them, but they are in the same position that apartment complex owners are in.
The real TRUTH is, is that the government does not regulate real estate at all. The government needs to step in and regulate real estate, land lords, etc etc......
If this was a democracy, workers could pressure congress to require corporations to pay enough for them to pay rent in turn. The math doesn't add up. There are thousands of workers for every executive, but congress sides with management 100% of the time.
How about the 8 million illegals Joe Biden just let in? Do you think they'll be renting? All that money the US is paying for these people... what do you think it's doing to RENTS for the entire country?
Minority rule thanks to Repubs being overrepresented in the electoral college and Senate, abusing the filibuster, gerrymandering and trying to use other voter suppression tactics, and continuing to deny statehood to D.C. and Puerto Rico. Biden's admin is trying to tackle anticompetitive business practices, and he has policies he wants to pass in a second term that would make housing more affordable. We need Biden plus progressive majorities in the House and Senate.
IM AS MAD AS HELL AND IM NOT GOING TO TAKE THIS ANYMORE. We literally moved from one of the states listed in in the lawsuits because we were priced out. Two, able-bodied, prime working age professionals. Now starting a whole business in a friendlier state.
I don't know if it's an algorithm that's doing it, but in my neighborhood you can really see anti-market actions in commercial real estate. Although our town is quite prosperous, there are half a dozen commercial properties that have been vacant for over a decade. In one case, a watchmaker I know, moved out after his rent was doubled. 14 years later that unit is still vacant, with an impressive pile of dusty sales flyers regularly pushed through the mail slot. The only explanation is that the landlord cartel would rather sit on a vacant property than reduce rent. They own so much property that having a few empty ones is just a cost of doing inflated business.
I think the rent prices have other reasons for going up beyond realpage. You may have over simplified the reason for rent hikes. In Madison Wisconsin area, rent prices went up because the demand was higher than the number of units available. It seems for decades, people were not interested in building apartments. In the past 7 years the multi story apartment buildings going up everywhere. Unfortunately, the rents are staying high but leveled off the past 4 years or so.
No financial institution should be allowed to own 40% or more of the single family homes. This recession is paving a way for a monopoly on homes to further rid of the middle class. It would be wise for most Americans to not sell their homes if they're able to.I want to buy houses cheap in 2024 and maybe invest in stocks. When's the best time to buy stocks? Some say they make a lot, others warn the market is risky. Advice?
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
The last time I rented an apartment was 1995, my friend and I had an all bills paid 2 bedroom for 250 per month in North Texas. Today 10 times as much.
My first apartment was $529/month between two people around that same year. Utilities not included, though. After that I managed to keep my rent below $500/month until 2019, and then I bought a house from my retiring, smalltime landlord. Now I pay $1100/month for mortgage, insurance, and taxes. I'm really not sure how I did it. It's definitely not been a luxurious adventure. I'm getting a roommate this summer to lower my expenses. $1100 plus all utilities is close to living paycheck to paycheck for me. I don't know how any young person could pull this off.
My rent went from $1,300 in 2023 to $2,100 in March 2024. The agency (landlord) said "If you are unable to pay the increase, you are hereby .on notice to vacate." There are no rental properties available anywhere near, so I'm looking at couch surfing until I'm ultimately homeless.
You don't know me, so please forgive my compulsion to offer advise that might help you: There are two bedroom apartments in Kansas City going for $850, not in a ghetto, but not many tbh. So I know affordable cities still exist... If you are lucky enough to have some family or trustworthy friends in a city with more affordable rent, make the plan now to move asap. Hopefully you can find a wfh job that allows freedom of movement. Also, Amazon sucks to work for, but they do hire over the internet for warehouse jobs so you'd have something lined up for wherever you move to. I hate to say it, but sometimes it's scary to be homeless until you actually are. Then it's just a temporary condition while you circle the wagons and save up for comeback. Just make sure you're never labeled as homeless or living in a shelter. These algorithms can't be trusted to not discriminate. Employers will lowball you if they think you're desperate for a job. PS: r/beermoney has advice on ways to pull in some extra money to save up for the move. Good luck!
I'm sorry your going thru this, it is criminal what these entities are allowed to get away with thru greed and corruption for power. All of the world will be living in the streets if this is allowed to continue.
That's nuts. I'm sorry you're going through this because of someone else's greed. Back in 2018 my wife and I had to move back into my mom's house after my rent went up from $720/mo to $1,300/mo.
This! This exactly happened the same way to me in Atlanta and I was the first tenant in my apartment building since it was built and I lived there for 4 years and I still had to vacate they didn't care I had 100% on time payments and kept to myself no issues... All that mattered was someone else moving to ATL was willing to pay the 67% increase SMH! Sooo infuriating as I am a 33 with no kids..why can't I afford an apartment without it taking 50%-60% of my paycheck instead of the 30-35% like boomers always tell us ! Something has to give! This isn't sustainable..
Search around your area. 1300/month at 6% is around 220,000 loan. all you need is 2,200 cash to put onto earnest, and have the sellers cover closing. Budget more towards 200k, with 2k in cash and believe me, you'll have enough for insurance, taxes, etc. Now you have a "fixed" rent, that never goes up. Also, you can file for homestead exemptions on your home for MOST states, and you get some of those taxes back on your annual returns. Stop being a rent-peasant and start owning. If you lose your job, you can throw your home back on the market (don't reveal that you are struggling) and get your equity back.
Thank you so much for this. As a homeless person, this pisses me right off. I'll share it in my wellness playlist. It'll be under environmental wellness (the 5th category) in the renting / home ownership playlist. Great stuff as always.
If your REALLY want to help bring the rent down, you can help my homeless work-shy friend. There is a time honored tactic that will always work and never fails to lower the rent. Do you know what it is? Take a moment to figure it out... Tic Tock Tic Tock Answer: It's YOU! You, your presence that is, can help destroy a neighborhood character enough that it becomes undesirable to the point that no one with high disposable income wants to live there, and the landlords have no choice to lower the rent. It is very simple. Just be yourself. Go and hang out near the high end places, smoke some weed(the more pungent, the better) and act crazy in front of the residents. Do your business as close to it as you can, and get some of your buddies to do likewise. The more hard drugs, the better, the more arrests and assaults, the more successful you will be! Try to keep your crimes in the misdemeanor category, as you don't want some felony ruining your game. Get online and spread some fake stories about the intended target, the more disgusting the better and remember that visibility, like reading, is fundamental. What you want to be is a living reenactment of the realtors of olden days, hiring minorities to blockbust an expensive area to make it suitable for lower income and homeless people. You've got this.
I live in Florida and rent and mortgage are through the roof too. Its happening all over the u.s. im surprised people haven't marched and protested about that. 😢😮
Stop corporate ownership of housing. Stop Blackrock.
BlackStone, not BlackRock. They're two different entities.
@@SomeUserNameBlahBlah They're both rotten to the core, and they chose those names on purpose to confuse the public.
@@greevar😂😂😂
@@SomeUserNameBlahBlah BlackRock is an asset management/hedgefund company. There is no doubt that they'd be using Real Estate as an underlying security.
@@SomeUserNameBlahBlahBlackrock does buy a lot of single family housing.
Be a shame if someone hacked Realpage into oblivion.
They'd need to be outside of US Jurisdiction or Uncle Sam would come knocking real quick. Hacking is a federal crime, even port scanning a random website could get a federal agent to come to your front door.
Also, being outside of US jurisdiction usually means being an enemy of the US, and our enemies aren't generally trying to make life better for the average US citizen. They usually want us dead.
DEWIT
or, hacked Realpage into decreasing rents.
There is a lawsuit, get represented!
One of the reasons home ownership has gone down, it’s damn impossible to save up for a down payment when they keep increasing your rent every time you renew.
I think that may be the point. Same goes for cars. Most people lease (rent) cars that aren’t built to last. A large chunk of Americans don’t actually own anything of value. Which some might say is exactly where “they” want us to be
@@krslp Its exaclty where "they" want us to be..... literal batteries for their wealth for their generations ... while all the other people suffer so they they can enjoy life.... which is fkn insane... imagine working all your life... so that another don't have to..... that should be enough to be up n fkn arms but people are so Distracted by dumbshit like that viral "man or bear in a forest" bullshit that they dont know whats actually going on before its too late....
@@krslpI’m surprised your comment didn’t get deleted. They usually don’t leave truthful comments up.
Yep yep yep I’m rn renting a 800 dollar basement room because I cannot afford a regular apartment saving up for a house one day? I got rid of that dream a long time ago I’ll get my own house in heaven
That's my story.
I live in Alaska. The rent vs buy decision I’ve been trying to figure out for years. The rental income vs mortgage payment calculation never made sense to me. But this is much more logical and makes far more sense. Thank you for simplifying this!
Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.
I agree. Based on my personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has seen exponential growth. It's not just about having money to invest in stocks; you also need to be knowledgeable, persistent, and have the strength to hold on during market fluctuations
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Diana Casteel Lynch” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
I can't wait to hear about the $10 fine they receive for this!
Right! They know that the fines they receive are Pennie’s compared to the money they receive so there’s no punishment for bad behavior dollar general is the perfect example
Hey if we're lucky we'll get a $1 check in the mail!
Edit: my rent increased about $400 per month across 2 years at my last apartment. My last renewal offer they were generous enough to only raise my rent $50.
So true.
Won't even be a cash-out-of-pocket fine; $10 of your next rectal application fee...
@@mspear01 Let 'em try to come and inspect! 😃 All they're gonna find is...
🕳
💩
Edit: After re-reading; I think you might have meant to say "rental" application fee.
But, even if you did, I still stand by my statement.
Where I live, average rent is between $1500 and $2000 per month. Pre-pandemic it was $700-$1500 per month. Collusion? Yes.
it was bad even before the pandemic. i could not find a single apartment that would allow rent negotiation, even if i prepaid the entire year in advance or rented units that they were not able to rent to anyone else (for some reason, no one wants the bottom units where i live).
they said no. these apartments aren't even owned or managed by real humans. it's just investment companies who want a completely hands-off approach.
ALL BY DESIGN BY ISRAMERICA, BLACK ROCK, BLACK STONE, VANGUARD,
ZILLOW ETC.... DO NOT FEED THE BEAST SYSTEM, DO NOT EMPOWER
THEM BY RENTING OUT THESE EXPENSE RIGGED RENTS. REMEMBER
THEIR AGENDA THEY SAY IT LOUD AND CLEAR ( YOU WILL OWN NOTHING
AND BE HAPPY ). DO THE OPPOSITE B U Y YOUR OWN PROPERTY,
GROW YOUR OWN FOOD, CREATE A CLOSE COMMUNITY, GET YOUR SELF
AND FAMILY OFF TV AND VIDEO GAMES R E A D, HAVE FAMILY
DISCUSSIONS LEARN TO BE CLOSER TO EACH OTHER THAT YOUR CHILDREN
CAN TRUST YOU TO TELL YOU THINGS THEY GO THROUGH AND FEEL. TEACH
YOUR CHILDREN THE IMPORTANCE OF FAMILY AND REALLY LOVING AND
PROTECTING THE FAMILY UNIT VERY IMPORTANT. SELL PROPERTY TO EACH
OTHER RELATIVES, FRIENDS, REAL PEOPLE NOT GREEDY PEOPLE AND OR
CORPORATIONS LIKE ZILLOW ETC....
Same.... around my area or few towns around, you can get an apartment of 2-3 bedroom no problem for around 1150-1300... now?..... 1 Bedroom is like 1200-1500..... FKN INSANE...
My old studio apartment is now 1630.00 and that’s because it’s on “special” from 1730.00.
P.S. It’s not in the best neighborhood.
@@blayzeonit started full force in 2008
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
@@ryanwilliams989 Is the entire internet populated by scam-bots now?
what most really can't see is WHO is really DOING this and WHO is "they"... And that's the reason why all of this is happening to us. Do you know who "they" are? Starts with a j - vvs
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $350k since then.
The world is getting more and more evil. Rent, gas, food,..... all seems to be priced without any consideration for the consumer. I was taught that monopolies were illegal in the USA. So how is this even happening? Where is our justice system?
Congress & the justice system are paid off.
We handed our country to billionaires. Idk what anybody expects to happen.
@@blaizemalone4295Yup and just did it again last election. I'm fresh out sympathy and I'm glad I'm in a good spot. Good luck folks. Your going to need it.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I hate this. Every time a corporation gets caught they try to settle for way less than they took. I hope they don't settle so we can get accountability and have the company's reputation dragged through the mud for months, then pay out a huge settlement. We need real justice against our corporate captors.
I think an appropriate punishment would be for the state to seize their property and put it under the control of a public entity tasked with providing affordable housing.
@@robertjenkins6132and the public entity won't be controlled or involved with the government . . . exactly how? Anything the government touches benefits the government in the end, and we all know that.
What you are calling for is communism and socialism - state control of everything.
They should put that high tax bracket in. Use that money to give back to the tenants for each year they abuse.
Defund Zionist institutions?
@@robertjenkins6132this right here.
50% of your wage to be allowed a place to sleep = indentured servitude for future generations.
The rest of your pay will be to breathe soon
@@jenna6256 I hope i get a discounted subscription compared to the people breathing in that fancy mountain air. My air has dust in it.
@@DesertRaider-rb4zd Mine has chemicals in it from chemtrails. I hear ya
Mine’s jumped from 50 to 70 percent in four years. Neither number is close to acceptable. Plus it’s damn near impossible to find even an entry-level job. What a sad state of affairs.
Stop having kids! No slaves anymore!
Ah yes, the rent vs buy decision I’ve been trying to figure out for years. The rental income vs mortgage payment calculation never made sense to me. But this is much more logical and makes far more sense. Thank you for simplifying this!
Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.
People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $315k to around $740k.
I tried looking into new strategies to profit in the current market because my portfolio has been in the dumps for the entire year, but everything I tried just seemed to miss the point. Please let us know who your asset manager is by name.
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.
Price Fixing using a Computer Algorithm is illegal... Real Page is Guilty
Yet high rents where the average income means using 50% plus of income to pay rent isnt illegal
@@changeoffocus1074 these realpage users/complex owners are getting away with it by offering lower priced apartments through a government program to lower income persons and they have to qualify based on income for the lower rate and have to stay below the income rate or get kicked out of their apartment (no they can't pay more if they make more they literally get removed from the program and have to move out). so there is going to be the apartments that are set at the less inflated price and the apartments that people that make more will have to pay the obscenely inflated price. It is ridiculous. There is ZERO capitalism. Zero competition. It is all price fixing.
Stonegate properties does the same thing executor they own the land smh
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
Mind if I ask you to recommend this particular coach you using their service?
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
As a formerly homeless person who is now a homeowner, one can indeed save for a house.
@@lynnbaker2336 when did you buy your home?
I got to say this all sounds like a monopoly. Cartel.
And it's 100% super illegal.
It's second only to the US healthcare cartel!
When you look into major companies across the board in the us it's either a monopoly or duopoly either way, one or two BIG companies cover the market for each area...add lobbying into the mix and they can do whatever they want.
It's only illegal if you don't have the right connections.
Given that 90% of the landlords in the DMV area are using it, absolutely. I'm glad that they're suing.
I know that they swear the solution isn't more government regulation or additional taxes, but I'd say that a landlord with less than 90% occupancy ought to be forced to clear any rental price increases with the local city or county government and get a waiver, or else have to pay a fine to the tune of half the value of each unrented apartment. Oh, you don't want to pay a fine? Then lower your darn rent to attract yourself back to 90% occupancy again. That gives you plenty of leeway to flip apartments in between tenants if your rents are actually priced correctly to market conditions.
Someone is getting bribed
All that greed just so someone can buy a new car every year and keep their high-maintenance spouse happy. Let that sink in for a minute.
"We're not price fixing... we're just setting the price and punishing landlords who deviate from it."
rents are too cheap I think, 2 bedrooms should start at 2500
Come up with software to absolve lifelong crooks of their responsibility and intent.
@@itsirrelevant4565 point is we need to respect private property rights number 1
@@someguy6762wtf are you serious. I live on 2 acres 2bd room and a beautiful view. My mortgage isn't even 800. Keep making those landlords rich and paying off their mortgages. 🙄
@@someguy6762 What does my comment have to do with private property rights?
Please stop calling them landlords. They aren't landlords! They're private equity firms with unlimited cash. They can sit on a property indefinitely without a tenant, and it makes no difference to them, unlike a real landlord who relies on cash flow. This is what's driving up prices. They could price a 1 bedroom at $10,000 a month and never get a tenant, AND THEY DON'T CARE because they don't need the money! It's just a write off to them.
Yes. And they can write the $10,000 a month unit as a loss on their taxes. This leaves little incentive to rent the unit if you have a large tax burden.
Unlimited cash that we keep giving them they dnt even have to rent anymore they just collect on non refundable fees and disappear over and over again because the market is supposedly tight.. they know people will always look for a place to stay. Massachusetts capping how many families can use a shelter if needed they are literally putting Americans hard working Americans out on the streets it’s crazy and we let them I dnt understand it we are so distracted and overworked and for what we can’t organize and agree enough to organize and take action it’s not about class and race religion anymore.
Not a write off. Property is taxed differently than income. For example, all the pandemic money gained fro online sales can't sit in banks so they bought up properties with it to defer the taxes. Not having people in the building means the value is maintained because there is no wear and tear aside from the bare minimum maintenance costs. Any other money saved / gained is a bonus
@@mrcead Empty apartments are a tax write off. I managed apartments for some time. Some call this act a tax shelter, they lower your tax liabilities.
No one has unlimited cash
I live in Massachusetts. We had some d-bag from L.A. buy the building we lived in and immediately increased the rent from $1500 for a small 2 bedroom to $2600 a month and he wanted first last and deposit to sign a new lease. We left and moved somewhere cheaper. The people with money from out of the area are buying up these properties and jacking up the rent, when people can no longer pay, they flip the property to someone else and it goes on and on. The people that grew up in these small towns and cities can no longer afford to live in their own communities
Wow that's ashame 😮
Reminds me of hawaii
@@yeflynne F A C T S...... OMG..... I heard about hawaii... FKN MADNESS !!!!!
Disgraceful.
Happening to my city right now.. out of town investors are coming and jacking up the rents
To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
It's official, folks. Here is how everything works. We live in a "don't blame me; I'm just following orders" world. You only get to talk to the order follower. When you ask for the order givers, the answer is, "they don't talk to people." You only get to talk to a Filipino on the other side of the world who is paid a bowl of rice every two weeks. I call this "layering" and almost all companies do it. Each side is then able to escape accountability for egregious actions.
The culprits are in DC, in expensive offices and apartments.
Funny as hell...😂
That is a racist untrue statement! they are Indian every time I call.
@@KH-rt3efSo not the wealthy who actually run our economy. Let's blame politicians, then tie their hands by complaining that anything that could help is socialism. Great plan, hasn't worked for decades, but you never know.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
Exactly, most of the investors pays more attention to the profit aspect forgetting that the market involves ups and down. securing your financial position requires lots of patience and proper education on the market so as to know the right profitable stock to buy and invest in. I made over $260k in profits, from just the Q4 of 2021. Investing in the stock market is most profitable when you understand how the market actually works.
I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?
Her name is Annette Marie Holt can't divulge much. Most likely, the internet should have her basic info, you can research if you like
That mention of a 12% increase really caught me off guard because that is EXACTLY the amount my rent was raised last year. And the landlord justified it by claiming it was still competitive when compared to "market rates", which I think has become a coded term indicating this algorithm is being used to price fix entire renter markets.
good for them raising it a comfterble amount :) 12 seems good
Another consideration to the Black Rock's is ALSO the skyrocketing property tax hikes over the past 3 years in almost every single municipality nation wide. This is as much to do with rent increases as the Black Rock cartells.
I got the same response from my landlord when they raised mine by that much, however I called them out on it as they own multiple units throughout the small city I’m in, enough that if they set their prices they can control what the rent is, when I brought it to their attention they lowered the proposed amount and only raised it 80$
@@RaEscobar26 with inflation going up its super important that landlords raise a healthy amount too would not be fair to not raise
Yes it sounds like coded language to me.
My rent is 69% of my income; it's pure insanity!
I'm with you. And I live in the lowest price place around.
Welcome to American Oligarchy. A very few billionaires own congress so force legislation to favor their profit over citizens health safety and welfare.
It can't continue forever, this is how stagnation happens and innovation dries up. Are more equal society will start outcompeting America, if it slides further into oligarchy.
Move to another country
@@mikolowiskamikolowiska4993 It's not their country, it's the People's. Besides, are you going to tell your 80s gram to move to another country to avoid being homeless rather than standing up to money bullies? Shame on you.
@@mikolowiskamikolowiska4993after you....
Defund Zionist institutions?
I've been saying this for years. The "market rent" excuse is a JOKE. It started to occur to me that landlords actually benefit from their neighborly landlord increasing their rent. If they all are in on it, they all get paid and can use "market rent" as an excuse. I remember in about 2018 or 2019 an absolute dump of an apartment complex was talking about $1200/month for a 700 sq.ft 1 bedroom and none of the others in the area were much better. I finally vented about it being wildly unfair and they all wanted to shrug and say "the price is fair because its 'market rent' for the area". They all use "market rent" as an out for taking accountability for what they're actually. None of them ever had an answer when I said "okay so YOU benefit from them hiking their rents up, how do I know y'all aren't all on the same page as far as agreeing to keep the rent sky high so everybody makes out with high rent?" If they hold the line, they win and we are all homeless or begging people to be our roommates in cramped apartments, splitting rent with people we don't even like just to survive.
there is more to it than this. i had 350 units in a large metro years back. if you buy a building (im talking about 20+ unit buildings). there are always problem tenants. domestics, police calls, destruction of property, poor choice in friends, the list goes on. the more you charge the less of these problems you have. IF you want to keep rent at 600 but those around you start charging 650. now your building will have the most problems in the area over time. so you raise your rent to 675... and the leap frog continues. even if your not on this rent site, even if you dont even know about what they are exposing in this video... you end up raising rent anyway because of how things work.
@@beardedgaming1337 Ok Slumlord.
Landlords are the best example of ENTITLED business owners. There are no rights in America, except the right to make a buck. Making a buck is angelic, it's blasphemy to regulate.
@@beardedgaming1337 What about better background checks?
@@dclaet1135 I've never much cared for that. They have their place but, it's too often used to prevent people getting a second chance. And if you're in a shit spot in life trying to rebuild, housing is kind of a big thing. There's also liability. Finances is the surefire way to not violate a disability act or affirmative action or other types of profiling suits. But that goes into a whole nother avenue of how the rental situation is fucked up
When I was in apartment leasing, I was required to use this price fixing model by my supervisors and every time I pushed back saying the rent was too high for the amenities, age of appliances, area, etc. I got push back and was asked to justify why I felt the price should be lower. Speaking from the very bottom, Realpage intimidates you into believing that their price fixing model is supposed to help YoY profit but it just unhouses more people.
the cartel doesn't like people who are against profit progress
Thank you for sharing from an insiders prospective. RealPage is owned by a private equity firm and it's private equity conglomerates like Black Rock and State Street that are escalating prices across the board. I highly recommend a short video "RFK Jr.: How Hidden Monopolies Are Driving Up Prices". He is the only candidate who sees how this is hurting low and middle income people and is committed to fixing it. The video is about one woman's experience, she explains how she was priced out and lost her own business and how most people don't realize the businesses they think are individually owned are just fronts for huge private equity firms.
Same! Leasing Apartments was my first job out of college and, I didn't realize it then, but the only way prices changed daily (based on multiple factors) was through an algorithm. It also made certain assumptions that were so messed up. For example, a family's rent would rise $300/m and that family would put in their notice. They would then see that the listed price for the unit was exactly what they currently pay, come into the office, and we would have to basically tell them yeah sucks but nothing we can do. It capitalizes on the inconvenience of moving and always assumes you'll pay more, but wants the unit filled even if at a lower price.
@@seanthetropicalprawn7220 Thank you for sharing. This is precisely the kind of behavior that defeats the idea that competition will drive down prices.
This isn't even free market capitalism; it's just plain rigged and no one is talking about this stuff except RFK Jr.
The only way to get a lower rent is to move. Leasing offices always skimp on tenant maintenance requests. Some of these buildings are so old they need to be gutted to fix the plumbing, yet they won't do it with an opportunity between tenants because it's inconvenient and costly. The consumer renter has to put up with this crap they dish out.
''Most of the great problems we faced & face are caused by politicians, bureaucrats, shysters, financiers, elites, bankers, pharma, MIC, big-agri, big-bus, msm, and kindred.....; creating solutions to problems they created in the first place." - Walter E. Williams
And, continue vigorously.
Awaken yee all.
Make it illegal for anyone to own over 10 single family homes and no more than 20 duplexes.
Why so many
I think 4 single family homes and 5 duplexes.... TIME to stop these Wolves buying houses poor people have been priced out of (property tax, home ins.) STOP putting ELDERLY PEOPLE out of their Homes!!
let me guess you own just under this amount. How about 1 family 1 house. Rental housing, owned by non-profit govt agencies. How do soldiers fight
for the "Homeland" when they can't afford to own a home in the land. That
doesn't make you a patriot it makes you a fool.
@@zeuschronos446 lol if u only knew.
I said what I said about single family homes because it the right thing to do. Just because u or anyone has made a few bucks, doesn't give anyone the right to trap on other people. More so if u can't police yourselves when u can clearly see it's hurting people. Then measures need to be taken to correct the problem.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you?
Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
this is one reason, but there's actually many terrible reasons. giant corporations buying up housing, short term rentals taking over, intentional inflation and price gouging, the list goes on
the list also includes: Allowing 10 million invaders across the borders in four years. They gotta live somewhere.
And, the reason that goes unmentioned a lot of the time:
It's illegal to build enough housing.
That's all zoning laws do. Limit supply. Everything "good" they do, doesn't need to be in the zoning code.
You need to buy a specific exception to the zoning code to get anything built in cities because they've already built all the housing allowed by law, they can't build any higher.
Loosen the zoning laws, allow more supply to meet demand, lower rents.
See also: REITs. Greedy wealthy people are squeezing short term gains out of a long term investment vehicle. Real estate gains are long-term, low-risk, you don't see returns until after 15-30 years of a tenant paying your mortgage. But now people want the tenant to pay their mortgage AND another $1k plus for them to pocket that month.
"Hulk Hates Immigrants, They Take Hulk's Job"
@@VentusSol That's a pretty good representation of how angry it makes me, yes.
This explained everything I've been wondering about...geez. Our apartment building was bought out when our elderly (but very kind) landlord died and they immediately doubled rent, added fees, forced a new lease on everyone, essentially changing our lease dates and made no improvements to our 100yo bldg. Lots of promises but no action. Glad we got out. There are 22 apartments and I think they only have 3 rented currently.
Isn’t it crazy how mortgage rates continue to rise with higher imports and declining exports? meanwhile the FED is yet to lessen cost. Something will eventually break if they keep raising interest rates and quantitative tightening
indeed the mkt & economy has gone berserk, price of great assets like real estate, dividend paying stocks, or gold never comes down easily, in my humble opinion, buy what you can afford today, and working with a financial advisor certainly helps
Apt!! I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.
My CFA ’’ Sharon Ann Meny", a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
Just saw The Big Short, these companies are evil
Nothing will break everyone now is a retiree and they make a huge windfall in extra money in 90 day T-bills so all you'll see is spending increase and the cost of living rise.
What the flying fuck is a government worth having that doesn't put a stop to stuff like this?
To explain to your kids about white privilege and trans is the way of the future
They're probably benefitting from it.
Why would they care? They haven't broken up a company for over 40 years.
Property taxes should not be assessed to market value. Do you know how high these pricks assess houses every year? 2-10%. Heck off with that.
Near thousand increase in just 1 year 2022-2023 and you guys complain about why RENT is so HIGH? lmfao. Put 2 and 2 together.
Fix your greedy af government
Then the SCOTUS says it's all good because they are bought and paid for.....kinda difficult to make things right when the SCOTUS is corrupt
Companies are doing this with salary data too! Please report on that.
"Algorithms" also hide discriminatory screening for jobs too!
This would be amazing. Pages like Indeed are so obviously data farming schemes made to tip the information edge to those with capital. Free market principles have been left to the wayside, and those in the labor market (all of us) are losing the value of our labor without any recourse.
When I worked at Briggs and Stratton, the ceo of the company said this every time pay came up during salaried employee town halls. It’s absolutely price fixing. I wish I had had the guts to stand up and call that out in the moment.
I believe it’s called a “gentleman’s agreement” They do this even with their direct competitors.
lol, which companies?
I have been on the rent run for the past 10 years. I have never had to jump around so much.
Yup, my rent just went up $300. No difference to my space. It cannot be justified. Cooperate greed at its finest.
same
Probably there were no upgrades either like painting or upgrading the bathroom or kitchen plumbing which gets worn out even in a house huh? That might be a onetime hike just maybe.
There could be an justifiable large increase without any noticeable difference on your part. For example, a sudden and notable increase in property tax, mortgage rate or inflation. In case the rent include utility, HOA fee and stuff of those sort, increase in those will be passed down as well.
But this is rarely the case and even when it is, it rarely amounts to $300 unless you are renting something expensive to begin with (dollar value increase is rarely the correct marker, % is).
Most routine repair and maintenance should not result in a rent increase, because a proper and responsible landlord should have a margin for that already, setting money aside from every rent check for just such a purpose. Naturally, if there was an unexpected catastrophic event or you asked for a particular upgrade, things would be different, but I presume you would have mentioned those if it was the case.
I see a lot of condo owners talking about their HOA increased a lot because the insurance on the property went up a lot.
My landlord takes 💯 % of my COLA. Every single year
Thank you!!! I have been trying to get people to understand this.
This is why, when you threaten to move elsewhere due to a renewal increase, it does nothing. They know you can’t find anything better because everyone uses the same pricing system
That's why they should have a high tax bracket. Use that money to give back to the tenants.
Note: because all other land lords are Using the Same illegal price fixing system called Real Page. All land lords are guilty and should have their Apt complexes confiscated by Fed Govt.
I was with PB Bell in Phoenix in the same unit for ten years. Rent went from $750 to $1600. Management told me they were matching rates of other complexes in the area. That they gain a higher profit by having renters leave than stay long like I did. Doesn't make sense because in ten years they never had to upgrade the unit and I paid the same as a new tenant. The stove and oven didn't work at all. I didn't have hot water the last two years. Ripples in carpet. I left Phoenix and moved to a rural community that's affordable. I'm glad to see the DOJ is working on this.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
For the majority, the solution to their problem can be found in specialized knowledge... "Expert solutions require Expert providers"
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k. I've made a fortune so far, and I'm now buying real estates, gold and silver as advised by my FA.
I'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well.
“Jessica Lee Horst” is the licensed advisor I use. Just google the name and you’d find necessary details. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Curiously inputted Jessica on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal.
I was astonished to hear that they are enforcing these rents and punishing those who don't abide. That is just insane how transparently criminal it is
This is exactly why tenant unions have never been more important and needed in major cities.
I accused my apartment complex management of price fixing back in 2015 or 2016 when the rent jumped by over $150/month for no reason. The girl just stood there and looked at me with a blank stare and shrugged her shoulders. This "price fixing" has been going on for probably the past 9-10 years.
The management isn’t the one doing the price fixing, they manage the properties and tenants. Owners and the consultant do the prices
@@dragonquakeproperty managers do control the price of rent in a lot of cases. But the person working at the front desk doesn't control that number
She shrugged because it wasn't her call lol.
@@nathansmith1793not in big corporate type or medium landlord type structures. Maybe a small mom and pop who hires a property manager for % fee monthly but that’s not the majority - trust me
Yikes. My last apartment renting is 2010 and I didn't like the $30 increase. I move to a house where I put a huge amount of deposit to make the mortgage comparable to renting an apartment. After that in 3 years later, I saw how banks use scummy tactics on loan and delay me from paying off the house. The banks are legal thieves in suits back up by powerful government backers.
I am in Oregon and rent is high where I am compared to what people actually earn. People are having to work two jobs, both spouses have to work to afford rent. And not only that but immigrants are getting more help than citizens. A man from New York, the Bronx and lives there, told me that over there, people are living in cars, and yet the immigrants get more housing and other stuff than citizens, than our own people. Idk what people are supposed to do.
When I had an investment property the agent who was managing it was constantly wanting to increase the rent. I said no many times. I worked out the higher the rent, the more money the agent made because their fees were a percentage of the rent. All the greedy fingers in the pie.
Yup! Our rent has gone up more than $800 in 4 years. Destroyed our savings.
That makes me livid I truly feel for you an many others. Greed has literally ruined America
Happening all over the globe. Australian renter here.
Now this is happening all over the western world
I lived in 3 Asian countries.It's not happening that bad there
@meggrotte4760 just learning about how Japan has such low wages and high cost. Chinese people are starving so they can build empty cities. You might wanna rethink that bs.
Buy a house.
The fact that landlords and these megacorps can get constantly caught in this and get slaps on the wrist constantly is depressing
This is a direct result of collusion between corporations and govt. They are essentially one and the same. The rich make the rules to benefit themselves and screw everyone else. This is why you now have 75% of the country living paycheck to paycheck with no savings to speak of. Greed has ruined this country.
@@timetowakeup6302 The same way that British colonials treated the Irish during their potato famine.
We're not human beings to them. Just "filthy peasants" who are in the way.
Golden Rule: the ones with the gold, who make campaign contributions, get to make the rules via their rented units in the form of elected officials.
the fact we still have trust in capitalism is depressing
its because of taxes.... the government loves money
I’m a landlord and this video made me really think about where my rent is. Thank you
Thank you
Could you imagine every American a chance to own a home, and affordable healthcare! The country would boom. But then again, that would take from corporate and entitled profits. Nevermind.
Every American use to have a chance, they will again soon enough. But you need to remember it's a game and if you do not learn how to play you will always be stuck complaining. AI is dangerous yes, but new cards are always dealt and US citizens can be just as good in the game, if not better. The government is being payed off, so lawsuits are not going to do much. "Corporate" can be anything and currently its been known the housing market is being eaten up by foreign nations just to rent. I really do not like to bring up politics but they do play a role, America needs a person who gives two shits about foreign nations because at the moment they are really hitting us hard. Yes, politicians mainly care about themselves, but I would rather have a politician with ideas that the little guy can benefit from. I need to be careful on what I say here, too many rats sneaking around, but really analyze the situation because the government is terrified when its citizens start to think instead of outright blaming. Seriously, ask question, " the 5 W's" are a good start.
Yep, they definitely used to. Now the field is rigged, you need a quick half million from the get-go for just a chance, if even that.@@MyName-gq2co
Only their PROFITS are meant to BLOOM
Let us be good examples of our communities first genius 😉
Every American can get a home. Learn the credit game
THIS is EXACTLY what is happening in Michigan. Can't even go rural, prices are exactly the same. No competition. In 8 years
Rents he are up 200-400%. Many in cars.
They want half a million for a trailer house in a swamp.
But illegals in hotels. America is paying government money to cartel to house illegals.
What happened in Michigan Ohio and the midwest? They always used to be 50% of America avg. Should be $200k.
Seems like the "algorithm" is just an excuse to charge more and blame it on software. Pathetic
We live in a "don't blame me; I'm just following orders" world. You only get to talk to the order follower. When you ask for the order givers, the answer is, "they don't talk to people." I call this "layering" and almost all companies do it. Each side is then able to escape accountability for egregious actions.
ALL BY DESIGN BY ISRAMERICA, BLACK ROCK, BLACK STONE, VANGUARD,
ZILLOW ETC.... DO NOT FEED THE BEAST SYSTEM, DO NOT EMPOWER
THEM BY RENTING OUT THESE EXPENSE RIGGED RENTS. REMEMBER
THEIR AGENDA THEY SAY IT LOUD AND CLEAR ( YOU WILL OWN NOTHING
AND BE HAPPY ). DO THE OPPOSITE B U Y YOUR OWN PROPERTY,
GROW YOUR OWN FOOD, CREATE A CLOSE COMMUNITY, GET YOUR SELF
AND FAMILY OFF TV AND VIDEO GAMES R E A D, HAVE FAMILY
DISCUSSIONS LEARN TO BE CLOSER TO EACH OTHER THAT YOUR CHILDREN
CAN TRUST YOU TO TELL YOU THINGS THEY GO THROUGH AND FEEL. TEACH
YOUR CHILDREN THE IMPORTANCE OF FAMILY AND REALLY LOVING AND
PROTECTING THE FAMILY UNIT VERY IMPORTANT. SELL PROPERTY TO EACH
OTHER RELATIVES, FRIENDS, REAL PEOPLE NOT GREEDY PEOPLE AND OR
CORPORATIONS LIKE ZILLOW ETC....
Another consideration to the Black Rock's is ALSO the skyrocketing property tax hikes over the past 3 years in almost every single municipality nation wide. This is as much to do with rent increases as the Black Rock cartels.
That algorithm was specifically designed for how to increase profit to the user.
market went up so rent goes up no excuse needed just raise the rent
Absolutely certain an apartment complex I rented from used this. The rep did say they used an algorithm to determine rent increases. My last lease term they tried to increase my rent by $500/mo. I sent in my 30 day notice and almost immediately got a call offering me a lower rate to stay. I suspect, they overreached and many tenants moved.
This is what class warfare looks like. We live in a corrupt oligarchy. We need ranked-choice voting, ballot access, and more parties.
We have a chance to break the stranglehold of the duopoly and open up ballot access for all independents and third parties. We can make this happen this November by supporting RFK Jr.
@@dao8805
That would bring on another Trump term, and Trump is a LANDLORD who would never, ever protect tenants.
I used to think ranked-choice voting was a good idea, until a person who only received 21% of the first choice votes won and proceeded to mess up the entire city.
Now I leave the 3rd and sometimes even the 2nd choice slots blank for fear of a terrible person managing to gain power. That system requires the public become so much informed on all levels of politics and so much more coordination. Even if the idea is good, the people are bad, and they'll game it just like all the other systems.
No, the law is on their side. But the French invented a machine in 1789 that will fix this😊
we need landback
HR Departments are colluding across industries to compress, flatten, and fix wages.
I'm curious if there's another large firm running a data aggregation and salary "suggestion" scheme
Well definitely in red states salaries are suppressed.
what is your proof
@@homeboy20i2 I don't engage with uninformed people who do not know the difference between evidence and proof.
@@homeboy20i2 do you understand the difference between proof and evidence?
Thank you Kris Mayes for all that you do. Arizona finally has an actual, honest -to-god attorney general who isn't afraid to take on the big issues that affect us.
I toured an apartment complex in Scottsdale and they openly utilize this price-fixing software. Why does it take so long for the AG to make a ruling to stop this type of syndicated price fixing? The AG says with a smile, "this is illegal"
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Impressive can you share more info?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Why is our media and Government so far behind?
This has been happening for years! Pure simple, evil and greed.
There too little money in journalism now so we just get crap reporting.
Why do you think? One group is constantly causing chaos in the govt
The media's just stupid these days that's the easy one to explain
When 95% of all American TV, cable, radio, internet, cellular, etc, companies are owned or are subsidiaries of the Big Five media giants, unfavorable developments like this will be ignored and buried until the stench can no longer be ignored!
Follow the money
The government is filled with wealthy and elderly people who don't experience the problems of the average American.
My landlord said one time that the shareholders wanted the rent to be higher, and thats why he was raising the rent. For a 40 year old outdated apartment to the price of apartments in the bougie side of town; we were not in the bougie side of town. Additionally. The landlord was the owner. He was the biggest shareholder, and couldnt say outloud "I want to extract more money from you because this wbebsite saidi can charge that, and i dont care if you dont agree with the price".
Pure greed!
From algorithmic wage discrimination to algorithmic rent price fixing. Their greed has no end.
What's needed is a rent cap based on the area's median income. I'd sign that petition.
Are you also going to add a property tax cap, property insurance cap, and a cap on maintenance services/goods for maintaining the rental, apartment or home... Those fees/costs go up every year, the rent has to adjust for it. My mortgage just went up 23% between property tax and higher insurance costs, if I were renting, I'd have to pass that on to the renter, and that doesn't include normal inflation values for regular maintenance that has to be taken into account.
@@marcusthatsme my apartment during covid raised the rent and not only cut the amenities, but sold half the complex that included most the amenities and straight up told tenants they can't use them anymore. i specifically picked that place because they had two pools and a tennis court.
maybe landlords should have to prove expenses?
@@blayzeon Not knowing where you live, it's hard to say why that happened. One of the big reasons rents increased in many places where it used to be affordable was the migration of tech workers. Overall I believe there was a 12% increase in rent costs during the pandemic.
I'm not sure if they should have to prove expenses, I'm not sure what that would do anyway. In a free market those running the business should be able to set their prices, it's suppose to be competition that keeps things in line. Which this software seems to remove from the picture. If the landlords could set their prices, then they may still set it at a lower rate to compete against their competition instead of being forced to maintain a higher rent cost, which I would imagine means that with each new landlord that joins the program the rent would technically continue to rise slightly, removing competition completely out of the picture.
I don't understand why they'd raise rent and remove amenities. That's just silly, but on the other hand a lot of business were also hurting during the pandemic, with some not having to pay rent at all, so maybe selling off those assets helped them hold on to the rest of the complex, since even if renters aren't paying, the complex still has to pay their mortgage and stuff.
Government likes to help one level, but ignores the rest of the pillar.
@@marcusthatsme If you don't like it, don't be a landlord. Guaranteed revenues are not a right. BTW, you don't HAVE to do anything, you choose to do something because you can.
@@markfx12 Not sure what your argument is. Mine is if you're going to cap rents, you have to cap the entire system, not just part of it, else you break the system. With your logic I can say, if you don't want to rent, then don't complain about the high prices, move some place where you can afford the rent.
This is having a terrible effect on disabled people who are looking for housing
they should find a cheaper place then
@@someguy6762did you not watch the video? Can you disclose where one would find lower rent, when some places have 90% rent controlled by this stupid algorithm pyramid scheme that the government will protect because it doesn't care about it's people. Especially the elderly and disabled.
@@someguy6762g just watch the last 2 mins
@@someguy6762name a place
Just shouldn’t of been disabled in the first place huh
Homelessness would have a profound reduction if we had more housing a full time minimum wage can afford. The people serving and cleaning up after the rich need shelter too.
We have no minimum wage we can afford because the government that steals all your money only updates it in blue states. Minimum wage means nothing when the print money out of thin air. The economy is done
Homelessness would have a profound reduction if the government stopped paying them not to work.
@UhYeahWhateverDude homeless ain't taking no benefits they saving the government money. Bums are the ones using ebt and all that other shit.
@@UhYeahWhateverDude You've clearly never worked with long term homeless! People without an address aren't getting checks from the government!
We need affordable housing. Not just housing. They are building new apartments on almost every corner in Southern California but studios are going for $2,500.
My entire area has turned into rental properties. 2 houses behind me 1 house across the street 1 to the right of me and 1 to the left. They are all sitting empty except the one across the street. My guess is they won't come down on the rent.
Great video. Seems like this is used everywhere and has no regulation. I'm interested if this applies to any of:
1) Job Salaries / benefits
2) Grocery Store price fixing
3) Military Industrial Complex
4)Hospitals/Insurance/Pharma/veterinarian price fixing
5) Transport
6) e-commerce
You're spot on,. It's happening across the board and it's because private equity firms like Blackrock and State Street are buying up everything and eliminating competition.
Watch "RFK Jr.: How Hidden Monopolies Are Driving Up Prices". He is the only candidate committed to fixing this and other issues affecting working Americans.
I am so for this story, and then suing these big money, big creepy control corporations all working together to create artificial inflation and profit over everyone’s expense.
literally everything you listed has problems because of government intervention/regulation.
@@cpK054L Liar !! Corporations in the above list are the problem BECAUSE no oversight, rules and/or regulations
They are doing it all by themselves! I wish the government would get involved and do something about this because the fat cats are not going to do it themselves!!
My apartment complex is part of one of the lawsuits in AZ, can't wait to see what happens! We definitely knew something weird was happening while looking at potential places to move, when nearly all of the surrounding complexes within a 20 mile radius had identical prices. It was either move and *maybe* save a few bucks, but then have to pay all the new fees, moving costs, deposits... Basically forced people to stay.
Love how the DC DA insists on calling them a cartel with every given chance
It fits the dictionary and legal definition of a cartel, 100%
New York, San Fran, DC are all crap
I appreciate his accuracy.
Love it!
Because that is what a cartel is...
I just read a comment on a Providence RI newspaper where a senior citizen, who has been an A+ tenant for 20 years, is having his rent raised from $800 per month to $2000, starting in 2025. Not even a gradual increase. What he thinks is happening is...he lives in a town with an IVY League university and student's parents can afford mega rent. Now, $800 is admittedly cheap in today's market, but imagine if a mortgage or rent had that sudden increase. The senior citizen will probably have to move (where?) and the landlord will actually get more than $2000 per month because of the incoming students.
I live in RI as well. They're renting bedrooms for $600+ per month. Ridiculous.
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
@@sloanmarriott5 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
Izella Annette Anderson is my FA, simply do due diligence . You'd find necessary details online to work with and set up an appointment.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
This will continue to happen until the C suite goes to jail.
"No crime in progress ever stopped because somebody else went to jail. The jails are filled with people who never planned on going there." -- Sam Antar, Former CFO of Crazy Eddie, and Convicted Felon who now blows the whistle on white collar crime.
In Germany, you can go to a website and enter information about your home, like where its located and when it was built,and if the landlord is charging you too much they can get in trouble and they have to reduce it. Crazy, I haven't heard anything about a housing crisis since I moved here and they have taken on many many refugees.
These renting companies will only put themselves out of business as people wake up from The Matrix. They'll stop paying rent anyway and move out and build their own places. Get your own piece of land by a Van, a camp event, a car and live out of it constantly for free. What's the YPU rent when you can live in your band for free?
My wife and I have tried to buy a home recently. It had been listed for one day. Already had 2 cash offers from a couple property management groups. They gonna turn it into another rental. Almost everyone in our town rents cuz there is nothing else. And this isn’t the city. It’s a small town in Colorado
Thank you to these AGs for defending their State populations.
Landlords are responsible for homelessness, poverty, and many chronic illnesses created by their decrepit properties. Also, people in urban areas subsidize the infrastructure of suburbs disproportionately with their taxes, and more so for every property a landlord owns. They are nothing short of an existential threat to our society.
Vietnam and china before communism: First time?
That last statement was hilarious. Fyi.
It is ridiculous to blame one entity for so many of society’s problems. They are caused by multiple factors including poor decisions by the affected individuals.
Nothing shocks us anymore. We’re being screwed & there’s nothing that will stop it.
Mortgage rates are currently have never been so high since 2000 (23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market ithe same, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
My partner’s been thinking of going the same route, could you share more info please on the advisor that guides you
I appreciate this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
A “housing crash” will make it more difficult for those who cannot afford a house rn. If another 2008 housing crash happens, it will cause a loss of income for people who are already struggling due to Bidenomics (layoffs will happen, lenders will operate with more scrutiny). Then the housing cartels like Blackrock will swoop in and buy up all the foreclosures…. If anyone is waiting on a housing crash to purchase their future home, ya better be stacking cash and building that credit to tier one status. There are number of other factors that I haven’t listed.
@@PennyBergeron-os4ch we need to get you in the green!!
Price fixing is a racketeering felony. Good to see the AG taking action on this.
Housing is a necessity and we desperately need more regulations that curtail the price gouging and profiteering off a necessity.
Yawn, nice bait.
@@MK_ULTRA420 Bait? What are you even talking about? You feel baited by reality? Good?
@@ComradeCatpurrnicus Tankies gonna tankie.
You're absolutely 💯 🎯❣️
@@MK_ULTRA420 How the heck am I a tankie? I hate tankies and constantly ridicule and call them out. You really seem to presume a lot off of nothing.
"Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Melissa Terri Swayne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Wow, her track record looks really good from what I found online.i just messaged her, let's see how it goes. Thanks for the info
New York always fascinates me because rent is so high you literally have to eat ramen noodles every day and you earn over 100k. A little box studio is 4K a month why? Why is there so many apartments buildings and who is in them?
Where is the money going?
I think this is what happened to me in Colorado. I had been in my apartment 7 years with an affordable rental price. I was established in my community, knew my neighbors, grocery stores, and restaurants. A corporation from California came in and wanted to update the property. They gave the existing renters a choice, you could stay and move to an updated unit while they upgraded the unit you were in but the rent for the units were now double with no way of negotiating affordability. Sadly, the whole neighborhood was disrupted and forced to move. Gentrification by an algorithm.
RealPage is owned by a private equity firm and it's private equity conglomerates like Black Stone and State Street that are buying up EVERYTHING and escalating prices across the board. I highly recommend a short video "RFK Jr.: How Hidden Monopolies Are Driving Up Prices". He is the only candidate who sees how this is hurting low and middle income people and is committed to fixing it. The video is about one woman's experience, she explains how she was priced out and lost her business and how most people don't realize the businesses they think are individually owned are just fronts for huge private equity firms.
Weird how there’s always a different scapegoat depending on the region. “Some damn Shelbyville tycoon came around and bought up all the real estate in Springfield.” We are being played.
We need to make private equity companies illegal!!!!!!!
No, that had nothing to do with this software. That was simply a value-added play that has been going on all over the country with multifamily assets.
Blackrock is the ultimate slum lord
How is BlackRock affiliated with RealPage?
@@Redpoppy80 same business model buy everything for sale in an area and then you control the pricing of that area. This is just organizing all the landlords to act as one entity instead of the capital all coming from one company.
Blackrock and the owner of RealPages are both private equity firms. Watch the video "RFK Jr: How Hidden Monopolies Are Driving Up Prices". Kennedy is the only candidate committed to fixing this. The others aren't even talking about it.
Birds of the same feather flock together!
@@Redpoppy80Sorry Zach was a bit vauge. Real-estate investors drive up the cost of rent by buying up and selling rental properties. Each time a property is bought they can use a service like RealPage to do a "comperable service price evaluation" as though they where renting an brand new set of condos.
I am sure you can see how this might snowball if everyone was doing it.
Whats worse, the national realtors association uses the same formula's to evaluate all homes being sold, causing even less competition, and making realestate more and more of a Ponzi Scheme and less of an actual value added buisness model.
And I do mean that real-estate has become almost fully zero value added, new construction is amazingly rare. Shockingly rare, and more suprising still is the overstock of homes in the USA despite the market being very scarce
that is to say
There are a lot more vacant abonded houses then there are homes for sale, AND homeless people combined! By millions, in every single state. Its amazing to think this entire scheme has not crumbled yet.
People who are partially homeless in the United States and live in cars are the product of a complicated web of interrelated factors. This problem is fueled by high housing expenses in relation to income, stagnating earnings, and income inequality. A lack of affordable housing, medical costs, evictions, job loss, a lack of social support system, and structural issues and insufficient policies all contribute to the phenomena.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I've been putting off doing this for a while, even though I think I should. Since you appear to have everything figured out with the firm you work with, I wouldn't mind a recommendation, but I'm not really sure which firm to deal with because I think they're all the same.
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!
I live in the Phoenix area. Rent is insane. We live in an old apartment for $1670 a month. The only "updates" are granite countertops. Apartment complexes are renting at ridiculous rates and they're ALL doing it, there is no competition. Many have trash strewn about, no security, people riffling through garbage cans at all hours of the day and night, lack of lighting in the parking lot, poor maintenance, ant and roach infestations, etc. You name it. It's trashy here. I have lived here a total of 15 years and things have become so trashy, it's like a totally different country. We are moving in October. I will never look back.
You have the right to complain about your apartment that you pay to rent, but you cannot complain about the area around it. You are bitching about homeless people going through the trash, but yet want to pay less on rent to the point that the landlord can't do anything to help the situation? You are part of the problem, cheapskate.
Finally, a rational response. Thank you. You can always vote with your feet, in the United States is filled with housing markets that are entirely affordable.
Funny how this hitting the news again. I recall hearing this on NPR several years ago, when I was still driving to work in the mornings. They don't just use RP but also Zillow, et al.
As a small landlord I have to say I’ve checked and my properties are “worth” much more than I’m charging. I will not raise rent though. Have a few new tenants but most are small families who’ve been with us for many years and sometimes have trouble paying the amount I already charge. I’m happy to work with them when this occurs. (Usually happens around the holidays. Covid was rough but forgave rent back pay during most of Covid)
I’m not making much at all but that’s fine. Couldn’t sleep at night if I was the reason a young family is homeless.
Rent prices are all similar in my area so I’m going to assume something like this is happening here too. Fortunately there are other small landlords who need to make a living but aren’t willing to sell their souls. Anyway…my point is don’t hate landlords too much. A lot of the issue is corporate entities buying up multiple properties, charging more, and losing the human interaction that keeps people honest. God bless you all and yours
If your only “job” is being a landlord then people should hate you. That would literally mean your only function in society is to leech off other’s labor. It doesn’t matter that you leech more gently than mega corporations.
THANK YOU for being human and having a heart for people and your community. 💜 I learned 15 years ago to only rent with small landlords. I refuse to live in any property that has more than 6 units. I want an actual person for a landlord, NOT a corporation. They are too difficult to deal with. You eliminate all the middle men and drama. I've been fortunate enough to rent from single landlord condo owners for my last three rentals. It is way better than renting from the big greedy real estate corporations. I have not had to deal with outrageously criminal rent increases. I will continue to do this until I own my own home. We need more landlords like you and I pray that more of you are out there to help keep people from becoming homeless. 🙏🏾
So, you are willing to go upside down,for your tenants sake, if your property, taxes, and insurance go up? Many of these people who have rate increases are doing it because of the price of insurance. And many cities require expensive renovations to be done on properties periodically. That can run into millions of dollars in expenses if it is an apartment building. Same thing is happening to people that own condos in Florida. Everyone wants to feel sorry for them, but they are in the same position that apartment complex owners are in.
The real TRUTH is, is that the government does not regulate real estate at all. The government needs to step in and regulate real estate, land lords, etc etc......
If this was a democracy, workers could pressure congress to require corporations to pay enough for them to pay rent in turn. The math doesn't add up. There are thousands of workers for every executive, but congress sides with management 100% of the time.
Far too many of them are bought and paid for, and it's all entirely above board.
Democracy doesn't work in Russia.
That's how a republic works, not a democracy.
How about the 8 million illegals Joe Biden just let in? Do you think they'll be renting? All that money the US is paying for these people... what do you think it's doing to RENTS for the entire country?
Minority rule thanks to Repubs being overrepresented in the electoral college and Senate, abusing the filibuster, gerrymandering and trying to use other voter suppression tactics, and continuing to deny statehood to D.C. and Puerto Rico.
Biden's admin is trying to tackle anticompetitive business practices, and he has policies he wants to pass in a second term that would make housing more affordable. We need Biden plus progressive majorities in the House and Senate.
IM AS MAD AS HELL AND IM NOT GOING TO TAKE THIS ANYMORE. We literally moved from one of the states listed in in the lawsuits because we were priced out. Two, able-bodied, prime working age professionals. Now starting a whole business in a friendlier state.
Aww, you're angy
At least you have a choice or a chance.
what state did you leave?
DC is not a state, maybe AZ? @@kilo_kilo
@middleagebrotips3454
Several states are involved in the lawsuits, not only the locations you chose to pay attention to in the video.
I don't know if it's an algorithm that's doing it, but in my neighborhood you can really see anti-market actions in commercial real estate. Although our town is quite prosperous, there are half a dozen commercial properties that have been vacant for over a decade. In one case, a watchmaker I know, moved out after his rent was doubled. 14 years later that unit is still vacant, with an impressive pile of dusty sales flyers regularly pushed through the mail slot. The only explanation is that the landlord cartel would rather sit on a vacant property than reduce rent. They own so much property that having a few empty ones is just a cost of doing inflated business.
A watchmaker! 🕒 😎
I think the rent prices have other reasons for going up beyond realpage. You may have over simplified the reason for rent hikes. In Madison Wisconsin area, rent prices went up because the demand was higher than the number of units available. It seems for decades, people were not interested in building apartments. In the past 7 years the multi story apartment buildings going up everywhere. Unfortunately, the rents are staying high but leveled off the past 4 years or so.
No financial institution should be allowed to own 40% or more of the single family homes. This recession is paving a way for a monopoly on homes to further rid of the middle class. It would be wise for most Americans to not sell their homes if they're able to.I want to buy houses cheap in 2024 and maybe invest in stocks. When's the best time to buy stocks? Some say they make a lot, others warn the market is risky. Advice?
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
She is a scam artist NOT TO BE TRUSTED‼️ My rich uncle invested with her and her people turned out to be operating in an off shore scam center!! 💩💩💩💩💩
Plus, Land Lord's get a Tax Write Off for empty units. What is the incentive to reduce price to fill units?
It's landlords... not Land Lord's
Thank you for this. I was recently forced to move due to rent increasing from 2018 to 2023. Now I see what may have been happening.
The last time I rented an apartment was 1995, my friend and I had an all bills paid 2 bedroom for 250 per month in North Texas. Today 10 times as much.
My first apartment was $529/month between two people around that same year. Utilities not included, though. After that I managed to keep my rent below $500/month until 2019, and then I bought a house from my retiring, smalltime landlord. Now I pay $1100/month for mortgage, insurance, and taxes. I'm really not sure how I did it. It's definitely not been a luxurious adventure. I'm getting a roommate this summer to lower my expenses. $1100 plus all utilities is close to living paycheck to paycheck for me. I don't know how any young person could pull this off.
If we did this in the HVAC industry it would definitely be called fixing....
My rent went from $1,300 in 2023 to $2,100 in March 2024.
The agency (landlord) said "If you are unable to pay the increase, you are hereby .on notice to vacate."
There are no rental properties available anywhere near, so I'm looking at couch surfing until I'm ultimately homeless.
You don't know me, so please forgive my compulsion to offer advise that might help you: There are two bedroom apartments in Kansas City going for $850, not in a ghetto, but not many tbh. So I know affordable cities still exist... If you are lucky enough to have some family or trustworthy friends in a city with more affordable rent, make the plan now to move asap. Hopefully you can find a wfh job that allows freedom of movement. Also, Amazon sucks to work for, but they do hire over the internet for warehouse jobs so you'd have something lined up for wherever you move to. I hate to say it, but sometimes it's scary to be homeless until you actually are. Then it's just a temporary condition while you circle the wagons and save up for comeback. Just make sure you're never labeled as homeless or living in a shelter. These algorithms can't be trusted to not discriminate. Employers will lowball you if they think you're desperate for a job.
PS: r/beermoney has advice on ways to pull in some extra money to save up for the move.
Good luck!
I'm sorry your going thru this, it is criminal what these entities are allowed to get away with thru greed and corruption for power.
All of the world will be living in the streets if this is allowed to continue.
That's nuts. I'm sorry you're going through this because of someone else's greed.
Back in 2018 my wife and I had to move back into my mom's house after my rent went up from $720/mo to $1,300/mo.
This! This exactly happened the same way to me in Atlanta and I was the first tenant in my apartment building since it was built and I lived there for 4 years and I still had to vacate they didn't care I had 100% on time payments and kept to myself no issues... All that mattered was someone else moving to ATL was willing to pay the 67% increase SMH! Sooo infuriating as I am a 33 with no kids..why can't I afford an apartment without it taking 50%-60% of my paycheck instead of the 30-35% like boomers always tell us ! Something has to give! This isn't sustainable..
Search around your area. 1300/month at 6% is around 220,000 loan.
all you need is 2,200 cash to put onto earnest, and have the sellers cover closing.
Budget more towards 200k, with 2k in cash and believe me, you'll have enough for insurance, taxes, etc.
Now you have a "fixed" rent, that never goes up. Also, you can file for homestead exemptions on your home for MOST states, and you get some of those taxes back on your annual returns.
Stop being a rent-peasant and start owning.
If you lose your job, you can throw your home back on the market (don't reveal that you are struggling) and get your equity back.
Thank you so much for this. As a homeless person, this pisses me right off.
I'll share it in my wellness playlist. It'll be under environmental wellness (the 5th category) in the renting / home ownership playlist. Great stuff as always.
If your REALLY want to help bring the rent down, you can help my homeless work-shy friend. There is a time honored tactic that will always work and never fails to lower the rent. Do you know what it is? Take a moment to figure it out...
Tic
Tock
Tic
Tock
Answer: It's YOU! You, your presence that is, can help destroy a neighborhood character enough that it becomes undesirable to the point that no one with high disposable income wants to live there, and the landlords have no choice to lower the rent. It is very simple. Just be yourself. Go and hang out near the high end places, smoke some weed(the more pungent, the better) and act crazy in front of the residents. Do your business as close to it as you can, and get some of your buddies to do likewise. The more hard drugs, the better, the more arrests and assaults, the more successful you will be! Try to keep your crimes in the misdemeanor category, as you don't want some felony ruining your game. Get online and spread some fake stories about the intended target, the more disgusting the better and remember that visibility, like reading, is fundamental. What you want to be is a living reenactment of the realtors of olden days, hiring minorities to blockbust an expensive area to make it suitable for lower income and homeless people. You've got this.
I live in Florida and rent and mortgage are through the roof too. Its happening all over the u.s. im surprised people haven't marched and protested about that. 😢😮