Flipping and "grey-ifying" houses drives me crazy. It's honestly so sad to see historic or cute homes with charm be just stripped of their character and with cheaply made materials too. :(
It just looks so depressing. My parents' elderly neighbor dies recently, and for some reason his family decided to paint the exterior brick on his house an ugly grey. It makes me want to scream every time I see it.
I can’t stand it when old elegant and grand homes from the 1700s-1900s become so modern. I mean obviously adding modern plumbing, air conditioning, heating, and electricity is perfectly fine but completely stripping the place of its time period is not. I love it when these old grand homes look like they’re frozen in time but with added modern necessities if someone’s living in them.
It’s worse when you live in an up-and-coming town, and they’re starting off with these Modern, grey, cheap, designs. So friggin’ frustrated with how lifeless the skyline looks 😩😩
I never heard of “house hacking” until it happened to me(sort of). I was a single mom renting two rooms in a 5 bedroom house with a family of 3 (soon to be 4 since they were expecting) They gave me one price before I moved in then about a month in they said they needed more for the other room I was renting. I said I couldn’t afford anything higher and wanted to stick with out rental agreement. So they started charging me more and more for utilities, saying they were getting more expensive when I had my daughter with me. At the time I only had her two weeks at a time and she was literally 4 years old. By October, not even winter when heat bills usually rise, I was paying as much in utilities as my rent. They took advantage of the fact that it was very difficult to find a place, especially as a single mom with a kid and a dog. The average rent being $1200 for private place to live in my area. I was constantly searching for a new place to live and when I got very very lucky and found a place I gave them my notice. They did not handle it well, saying that I still owed them money and that they knew my soon to be new landlord and where going to tell them how “awful” I was. They literally threw a fit and made my life hell for that last month that I had to live there. I’m sorry but if you’re a married couple with two children and you can’t afford your 5 bedroom house with out sucking the income out of a single mom, rethink your shit. Thanks for coming to my TedRant.
Dunno where you live and what the Landlord Tenant laws are like but that just sounds bad, if you're renting privately...take your lease to a real estate lawyer...where I live...laws favor the tenant😁
As far as house flipping goes, I am a human living in a midsize/small (65k population) Midwest town. I bought my house for $119k a hand full of years ago and I'm remodeling my bathroom and EVERYONE is like, "Oh this is the cheapest way to do this" and I'm like, "Oh, I'm renovating this for myself. I'm dumping like $10k in to the bathroom of my dreams and ACTUALLY doing the plumbing and electrical myself" "you probably won't get the money you put in back" "THAT'S NOT WHY I'M DOING IT"
Same I'm moving from a 2 bed terrace to a 3 bed semi and unless I win the lottery this is my permanent home. The amount of people calling me crazy for wasting money on a nice kitchen and bathroom. I'm like??? I'm going to live here for a long time I want that granite counter and victorian tiles bathroom 😂😂
Yes. Like i am going to pay people to remodel my bathroom even though am planning on living in it for some time. Like it's for me. If the person after me likes it, great if they don't, they can remodel it themselves.
its crazy how much of mine and my sisters financial future depends on how my parents were lucky enough to buy a home 20 years ago. and just by chance, that home shot up in value. they were only able to do that bc they went to college in the 80s (and in europe) and didnt have student loans, neither of them are disabled, they had kids late in life, and their parents were able to help them out in a tough spot. yes they work hard every day, but so do billions of others. its all so random and unfair.
I appreciate you for being able to reflect and actually acknowledge ur privilege. Bc way too many ppl would say "well, my parents did it and so did I, whats ur excuse" as if everyone has the same circumstances.
That's true. There is also the economics of the time you're living in, social programs offered by the state, even extended family. My parents were dirt poor growing up, but had stable families who helped them with child care and encouragement. Our community colleges are very state subsidized and my dad got his first degree for practically nothing. Eventually he bought a home in an area with good schools and I was able to get into a very good college.
Exactly how I feel. I got lucky. They worked very hard, especially my mom who is 1st Gen Filipino, but a lot of the reasons I was able to get a cosmetology license (and therefore find jobs that can pay the bills in an insanely expensive city) is because I had time to only work 10 hours a week on top of university and cosmetology school. I worked myself to the bone but I wouldn’t even have the chance to make that work do something without the luck of parental stability
@@Magicwithizzcongratulations! Bills are exactly why I decided against graphic design and went for mobile electronics at the last moment. I was an orphan since age 13. Quite literally the only reason I’m not on the streets right now is because my father (who was very very bad with finances) pulled some money out of his ass for when he died
let’s also talk about how many historic sites or older homes in iconic styles get demolished in order to make way for these bland modern mansions. this happened to the house in LA my great grandfather built in the 40s, and it was knocked down (orchard and pool and back house included) for an ugly ass mansion that looks like all the other ugly ass mansions
Watching this happen to homes, neighborhoods, buildings, natural landscapes, it already breaks pieces off my soul. And It’s rapacious now. These building techniques and materials do not exist anymore. You cannot get any of this back, it’s gone forever. I can’t even imagine the rage-grief I’d feel if it were a home my grandparent built. I’m so sorry.
@@juliettedemaso7588 la is so notorious for this, which is such a shame considering all the landmarks that they’ve knocked down. i guess i get some happiness knowing that the mansion they built on the property has been sitting unsold at $8 million for 7 years now
That's so sad, that house sounded so cool. I'd imagine in a few years those ugly modern/mc-mansion homes will be torn down to build the newest house trend, instead of renovating them and saving resources for other things while preserving the past
UCSB student here 👋🏻, something important to include in the context of this dystopian dorm building: UCSB accepted many more students than it can house this year and prioritized housing for freshmen and sophomores (they got priority in all university housing) and that left juniors and seniors to look for housing elsewhere. However before the school year started, in goleta and isla vista (nearby cities) the renting rose a ton and pushed a lot of people out of the city and new richer people moved in. So there was also nowhere to rent anywhere near campus. The university even had to rent a nearby hotel to accomodate some students and that was not enough to help everyone (hotel accomodations were also only limited to a few months). This was so bad that the city of Goleta was pursuing suing the school. After this fiasco, UCSB announces this dorm building project. This was like the moldy cherry on top of the shitty cake for students already experiencing homelessness/housing insecurity.
The same exact thing happened last year at Cal Poly Humboldt: influx of freshmen+the school not capping enrollment means the juniors and seniors are being forced out of their dorms and put into motels. Arcata is a very expensive city with scarce rental options so many of them will have to stay there. The reason for the school’s decision is that they have an agreement with the governor: more students = more funding, and if enrollment drops, funding gets cut, so they are basically alienating and uprooting their upperclassmen for the sake of more money, while knowing they don’t have the infrastructure to support their current students. The worst part is that they announced the decision after the transfer date, so students weren’t able to switch to another csu if they wanted to.
Wow that’s awful. Such a shame too because when I visited Isla Vista nearly a decade ago, it was beautiful and bustling with college students. I hate that the rich are pushing the students out and that the school is just cool with letting their students be homeless
It was disgusting that during covid they were kicking students out of the dorms too, some kids don't have anywhere else to go, they probably put all the money they have into just rent.
Those house hacking tiktoks are mindboggling. They're literally saying 'The reason I can afford these fancy purses is because I made sure that you can't!' and they're so proud of it.
I thought the people making those tiktoks were mocking the concept of being so parasitic but when I realised it was them boasting about exploiting the broke to live for free despite being able to afford to buy those houses themselves. Man was I newly dissapointed and needed an extra 10 minutes in my bed to get over a fresh new existential crisis.
i work as an architect and the whole thing about having no fresh air and daylight was actually so detrimental to early office building designs that they make people legitimately sick (like there's a disease called sick building syndrome) and it's baked into most building codes (1981 ASHRAE includes it after a court case) as well as architect license exams (as least in america afaik) that you CANNOT design buildings without fresh air. window access is also vital in terms of mold prevention and offgassing from things like fresh paint and new flooring, something that would be everywhere in a new construction with high turnover. it will be a huge blow to building standards if this ucsb dorm is constructed.
I hear your concerns about 'the value of human life' but I wanna see exactly how high the suicide rate spikes, it's a Nobile social experiment with totally willing participants.
I noticed how the architecture students in Tokyo had little space but big windows with a lot of natural light. They even have plants in there. Sunlight is huge for mental health. They know what’s up.
Dam i wish that were a law, my room has no windows and its gotten me in the worst mental state ive ever been in. And i cannot leave my room cuz of quarantine
House flipping actually really annoys me. As a kid I'd heard vaguely of folks buying houses and renovating to sell, and I thought 'how handy, doing the work others can't'. As an adult, in this capitalist hellscape, it makes me mad, because they buy the only affordable houses on the market and make them unaffordable. The kind of people who have a chance to have a home by relying on doer-uppers that they can slowly work on over the years, are instead forced to stay in the rental market while those doer-uppers are flipped out of reach by people who have homes already.
That’s exactly where I am right now. Any “cheap” home that’s available gets swept up almost immediately. The ones in the less desirable areas are being remodeled and put up for rent far above the surrounding houses. So I’m just watching the gentrification slowly creep all over my city smh. My family has rented the same apartment since 2013, and I’m afraid of them wanting to kick us out at the end of our lease this coming year. They’ve been slowly renovating units to justify the ridiculous rent increases for the apartment community overall. And the rent increases yearly to supposedly keep up with the market. I feel like all I can do is keep working to increase our credit and qualify for something, but who knows how much more home prices will be by then?
I've definitely met flippers who work on houses that are so bad that nobody could live in them- houses that need incredible amounts of work to even be safe- but yeah, flippers can be kinda shitty. They often are pretty smug assholes, too. Lots of "grindset" people who think they are clever.
Not all flippers are even necessarily improving these houses. "Fixing" houses can just be giving them a nice veneer without actually resolving fundamental issues -- the least effort for the highest returns. This is why you'll see some "flipped" houses have high turnover rates, with each successive owner figuring out there's problems after they've lived there a little while, slapping a bandaid on it, and offloading the problem onto someone else (while probably making a slight profit in the bargain).
my dad moved into a flipped house a couple years ago and it all looked nice but in reality the washer and dryer, oven/stove, sliding doors, etc. were all cheap af and they all started breaking like a year in. luckily there are no safety hazards yet like pipes breaking or anything but it still makes me really mad
My husband and I binged Selling Sunset this past month and when they talked about a 70 million dollar house, I turned to my husband and said "my mind literally cannot even understand the concept of how much money that is". Also then when they'd show 5 million dollar houses it almost turned into "affordable" based on how insane the other ones were 🤯 Also I think it's interesting, but not surprising, that in a show like that the only thing they show are the "glamorous" parts of LA and not once did I even see one homeless person in the background. Almost making you not feel bad about how rich all these people are when literally down the street you would then see such a contrasting image.
The thing is … 70 million is just the start. Insurance on that is HUGE. Your electricity bill is 12k + a month and the insurance is 600k+ a year. Plus there is the cost to maintain. Then there is the moment where you can’t just be naked and take a shower because people are working out side. It’s not as much fun as it sounds.
Yes! I said the same thing watching 20 something’s Austin. Where are the homeless?? Guess that doesn’t play into the aesthetic they’re selling of these cities.
There was an episode where they helped homeless people and Crishelle talked about how she’s been homeless as a child. She actually talks about it a lot.
America used to be filled with small cities and large towns that were entirely walkable and had trolley lines. Zoning regulations made sense: the shoemaker lived in the apartment above his workshop. You can see how this supported local economies. In the postwar era, the auto industry spent a lot of money to make it so that the American Dream was redefined as car-centric economic prosperity. A lot of Americans dream of something else: life, liberty, and the pursuit of happiness.
Yes! It makes me so sad every time I hear about “X city used to have streetcars” - I hate that most of the country has completely shifted its infrastructure toward cars.
@@tiffanyferg I am cautiously optimistic, because as each generation passes people become less and less able to afford cars and to patch up the roads, so maybe at some point communities will realize they don't have to keep a very expensive system going if it really isn't working for them. Streetcars run on 19th century technology, a tiny fraction of the resource input of car infrastructure, so it has the potential to last well into the future even after we run out of cheap fossil fuels. Another factor is suburban sprawl, but as each younger generation realizes they can't afford a burb house, they might start to realize that older zoning models from pre-WW2 in the US were more reasonable and still respected privacy and dignity.
And it makes you overweight and obese. You're not lazy fuckers who don't want to walk to the next store or who don't want to walk to the next tram stop to drive to the next store. No, you have to take your car. Because it's too far to walk, too dangerous to bike and there's no (reliable) bus/tram/train whatever.
@@cloudyskies5497 Oh, and kids used to walk to school. As in "ten-year-old children". Your second comment here reminds me of that. That is also something people who are now teens might fight to get back one day. I was born in 1984 and walked or biked to school and back until the end of ninth grade, and my nephews (11 and 13) who live in the same city I spend the majority of my school years until the end of ninth grade are doing the same. I used to spend my lunch breaks at home (it was more than long enough and this was the norm for everybody) and so do my nephews. (Though they are sometimes at "day school" for their lunch break because their mother has to work.)
@@camelopardalis84 Yes indeed. Also the cultural perception of the age of adulthood...it used to be that kids who were in their mid-teens were considered adults and trusted to look after themselves, rather than needing looked after. Part of the system we find ourselves in consists of an almost endless extension of childhood, which feeds the notion that you can't do things or figure out how to do things yourself. Of course then the market "solves" that problem for you...buy this thing or service, and it'll do it for you!
It's so heartbreaking and infuriating to see these people completely gut my dream homes. To see beautiful Victorian and older homes being ruined is so frustrating.
Something also never mentioned is the lack of accessibility. Disabled (and some non-disabled) people cannot live in just any space. A wheelchair user cannot climb a ladder. Most homes and buildings and living accommodations are NOT accessible. In the US the ADA doesn't matter on homes and buildings are grandfathered in allowing landlords to put off accessibility changes indefinitely due to "cost". Rural, Suburbia, to Urban city centers the architectural world has followed that of the social and exclusion of disabled people continues on in cold concrete silence.
I’m a power wheelchair user in nyc and it is HELL. actually have had to move out for a couple of months because I found myself with nowhere to go. anywhere accessible is automatically “luxury”
My younger brother has CP and is in a power chair (mind you he is 21, pretty big, and his chair takes up alot of space). We've always had to deal with inaccessibility everywhere we go. Hell, even in our own home it's a nightmare. And don't even get me started on trying to go on vacation 🤦♀️
I have come to the point where owning a decent upper-middle class house in the suburbs is becoming a fantasy for me. The idea of these multi-millionaire megamansions just disgusts and confuses me.
I’m at the point where owning a falling down shithole in the worst area is a fantasy. I’d settle for something liveable in the working class area I currently live in. By liveable, I mean safe, which is actually more than what I have now, because I’m disabled and as a renter, I can’t make any changes that would make my place safe for me physically. We need to burn the whole system down and start again, because this really isn’t working. Or actually, this system is working perfectly as intended, and that’s the problem (and also why reform wouldn’t work- the system isn’t actually broken).
@@katherinemorelle7115 Bible, even owning a small cute studio apartment somewhere nice sounds good for me. American-style megamansions and western obsession with huge grand houses just isn't even sustainable. We should invest more into apartments and green urban growth, if you really want to own your own single-family house at least make it more compact and small. Even smaller single-story homes sound better than huge mega-mansions.
@@MotherGapshin12 although I’d personally prefer an apartment, and I abhor the urban sprawl (which is particularly bad here in Australia), die too my disabilities, a single level detached house would be best for my needs. I do need a bit more room than most, as I need an electric wheelchair, and they take up a fair amount of room. I wouldn’t mind having a number of houses on one plot that shares a garden- especially a garden that provides food to the residents. I’d really love to be able to live on a commune, but where I am, they’re all very expensive eco communes that cost a lot of money to buy into.
same. i'm 25, recently moved to an european capital from a country with economic crisis. buying a family house (with a garden etc.) is an utopian dream for me.
... my actual dream is to own a place that has one single room and one living room with kitchen and bathroom. not sure if i can get it in my life but its the goal for me lol (prob cause its realistically what i can hope to afford)
I work in architecture in Tokyo and my reality is that I can’t even afford the toilets I see my clients buy. The point about all homes looking the same as well really hits home. Everyone is going for inoffensive, generic look. In the past 5 years the most common colour choices were beige, grey and “natural oak”. I remember someone ordered tiles from a company in the US known for hand-painted ceramics. They paid thousands of dollars for the tiles and air shipping and chose…. White square tiles. To this day, I resent it. Such a waste.
Thats... actually maddening lmao. I will never not be angry about ultra-rich people having the most awful and bland taste. I’m also willing to bet its a case of many people not actually planning to spend much time in these properties, because they own several, so they like it to look like a generic hotel wherever they go. Makes me so sad
@@lainiwakura1776 I agree but most clients still choose the “safe” options. Some legit give us “starbucks” and “hotel” and concept/references. I really don’t understand it. I’ve seen people backpedal from green as an accent colour for interiors because it was “daring” and “maybe I’ll get bored soon!!”
@@mimosa5174 are these places supposed to be rented to normal people or are the supposed to be airbnbs or whatever short-term rental thing exists in Japan (if that's even legal)
The cult of passive income. I’m here for that video. I honestly try not to look at housing costs because it’s so depressing. It keeps going up and my income does not. Housing should not be a luxury at this point.
Fun fact: Most stundent halls in the UK would not be legally livable for the general population. They are built under the same regulations as prisons and hospital rooms, and can therefore be smaller and of worse build quality than normal housing.
There's a show where a woman actually takes homes to their old state, she know a lot about what finishes where used in which decades and she tries to stay true to both the motives and the material, she cleans up overpainted woodfloors and stairs, she tries to recreate interesting window frames, it´s a great show Edit: I didn't remember the name but I literally googled "show where woman restores old houses" and found it. It's called Rehab Addict, the host is Nicolle Curtis and it's a show from HGTV.
It’s so annoying to me that for some reason millennials are still talked about as if we’re all 22 and just want to be free and enjoy life. Whereas in reality most of us are whole grown adults with full time jobs and kids to take care of 🙃
I'm convinced people assume anyone under 28 is a millennial & don't realise they're talking about a generation of people who age every year Like teens. Millenials are anyone under 28. Not people born in the 80s & 90s
The expectations around what is considered “livable” has really changed. Someone did the math and what Charles Dickens considered “extreme poverty” came out to ~$13.50 an hour in today’s dollars. We’ve talked ourselves into believing we don’t deserve fair pay. It’s wild c
it's not necessarily members of the working class who have convinced themselves that we don't deserve fair pay,,, it's capitalists and politicians who work everyday to prevent or reduce public welfare and higher wages from going into the public's pockets. they sell us these individualistic narratives that we could be paid more or achieve a higher standard of living if only we worked harder,, but it's so far from the truth.
Many places in the US are literal 3rd world standards. Where I'm from, Appalachia(Kentucky), apparently they have NGOs that do dental work. I never knew about this option though & suffered for months with exposed tooth nerves in my head. Had plenty of otherwise healthy teeth *pulled* bc I couldn't afford a simple filling. I also worked as a waitress(I was the living meme of the "crying waitress" lol, peak social anxiety 😰) where I made $2.13/hr, in the late 2000s. We lived off tips & I didn't make much of those(someone once tipped me a frickin quarter to "send the message" bc I got his salad order slightly wrong 😑). So it was insanely hard. Forget living on my own with those wages, for sure. When I finally got a "good" office job, I was only making like $7.50/hr. Working full time, 40 hrs/week, still couldn't afford living on my own! Medical bills being garnished from my paycheck made it so I could barely afford food(I had the audacity of having to need emergency surgery once). I went hungry regularly. Once had to beg some drive thru workers to sell me a burger bc everything else was closed, bc I didn't have a car(after they lock up the store to inside eating, you have to have a car to order drive thru?? what a rule 😖). I was crying bc I was so hungry & afraid they'd refuse to sell it to me; everything else was closed so I wouldn't have been able to eat that day. All this to say, the "poverty line" has been so skewed, bc the gov keeps lowering it. Rather than actually improving poverty, they just consistently lower the threshold to say the amount of people living in poverty has been lowered, when in reality it has not, whatsoever. In fact, poverty in the US is actually increasing! I've since left the country entirely. I moved to India & married my now husband. I went from lowest economic class in the US to solidly "middle class" in South India(the "middle class" is a myth, btw, to divide the working class, see: YUGOPNIK's video on this). I can finally afford housing & to eat. So that's nice. 😅 Class is what really matters, rather than location... But I also prefer this location better, lol. 🌴🥥🇮🇳
@@JaseekaRawr Wow! What a story! I’m so happy that you survived and I’m so sorry for all the hardship and suffering that you went through. You should’ve never had to go through that in a country that is “supposedly“ the richest in the world. Glad that better days are ahead of you and your suffering has come to an end. 😊
@@JaseekaRawr the drive through rule is so dumb. I guess they want people to sit down to eat because that may encourage them to stay for dessert, but when they close the indoors and only leave the drive through open what are people without cars supposed to do?
What makes things worse is that many renters could afford a monthly mortgage payment for their own house, and it might even be less than monthly rent for an apartment, but most people can't afford the initial down payment. My mom's mortgage payment is $800 some a month for a 3 bed, 1500 sq ft home, while my 2 bed, 850 sq ft apartment is $925 (which is still "affordable", as rent goes). If a big down payment wasn't required, many more people would be able to live in their own homes.
This is so true! My husband and I were lucky enough to borrow some of the down payment for our house from my aunt. Our mortgage payments (which includes property taxes) is way less than renting.
Get a first time buyer loan. 3% down payment, or if they still have NINJA loans like in the Great Recession then you can get that NINJA (No Income, No Job, No Assets). Or of course you could buy a new home in one of those “0$ DOWN” subdivisions that pop up
My childhood home was built in the 60's and had an almost entirely pink bathroom. Pink bathtub, pink toilet, pink sink, pink tile, pink radiator. Only not pink was the white walls and a little bit of blue tile behind the bathtub. The house has since been torn down and rebuilt into a modern atrocity and it makes me sad, I really miss that pink bathroom.
that sounds like a dream, i have a pink tiled bathroom from the 70's. when touring the apartment i told my landlort that i LOVE the tiles, he thought i was joking. hope they never change them, but i am moving out soon so idk what will happen :(
i have a similar situation! i still live in my childhood house (i'm fifteen) and the bathroom used to have pretty purple and pink tulips and beige and peach tiling, but my dad renovated it to be all gray, black and white. and it wasn't even good! the floor tiles are uneven. i brushed a small section and all the little tiles fell off. i am just so obsessed with 1950's and 60's style home design, but it's so hard to find older houses now. :'(
I absolutely love the attention being brought to car dependent cities. This is the worst thing ever, and the eradication of sidewalks and walkability in general is horrifying. And you have that in your neighborhood, you have to pay a grip! Like, if I want to live in a neighborhood (thats still pretty small) thats walkable, usually in the more developed hubs of a city, I have to pay premium prices. Even so, if I choose to pay those high rents to live there, I can't even walk far, just the local starbucks or eatery but I cannot walk outside of the hub. Terrible. We have a few train stations, but literally in the middle of no where. Just to get to the train station, you need a car. How does that make sense???
i'm not from the us, and in my hometown we have pretty decent, although not perfect, public transport so i spent my whole teen years taking the bus and walking everywhere, especially bc the most important places i had to go were all near eachother. when i went to college i moved to an even smaller city, where you could walk just about EVERYWHERE, it was insane! the concept of somewhere being "near" was very different bc even if the place was miles away from eachother, there was plenty of space for you to walk there safely and it didn't seem like a long walk at all! (granted the city is also very flat and there are almost no hills, but still). i can't imagine if i ever go to the states as a tourist and i just can't walk anywhere or am forced to rent a car even though i don't live there, it sounds like hell
Something that really strikes me about these living situations, especially the tiny living ones, are how they ARE completely unlivable if you're at all disabled. Like if you can't climb a fucking ladder you're fucked! Imagine having IBS (or another tummy issue. or even being a person with a period?) in an "apartment" without a bathroom, WHAT are you supposed to do?! And if you have a medical issue that needs constant upkeep then it becomes way harder to have money to pay rent, which means you could just be...stuck. it's so shitty how LIVING QUARTERS are being built completely disregarding any sort of accessibility, and yet that's what's "trendy and cool and young", since 20 year olds cant ALSO be disabled, right? uhg.
I look at the world completely differently know that I have osteoporosis and on a cane. A good portion of the world is difficult to navigate. The grand Chateau's with all those staircases too!. I actually lived in a converted 1 car garage and it actually was spacious, because it was planned well with lots of windows overlooking a garden. It was about 300 sf.
tbf even for non-disabled people those kinds of housing are already inhumane. I don't have claustrophobia and I still can climb ladder but damn seeing that woman's bedroom where she only had like 50cm between her and the ceiling makes me sick to my stomach.
„since 20 year olds cant also be disabled“ same here, i hate this narrative that being young also means being completely healthy. it makes all the things that are already shitty enough for non-disabled young people even worse 😪😣
‘Iconic landlord behaviour’ hahahaha ohhh God I dated a guy for a month and then found out he was doing that…immediately called it off. I felt genuinely nauseous lol. It’s taken me so fucking long just to get a mortgage to buy a 1970s bungalow in Dublin w/ space for my dad to live with my family…I’m 32 and have been working since I was a teenager 🙃 This video fascinated me. 10/10 content x
Exactly. People think this is just america but nope, I was living in a 450pw damp af cold shoebox in wellington, and the mold is probably what gave me asthma because literally. I walked into 4 house showings in a row and didn't get them because the first person who came in wanted the places. Flat life is hell life.
That's some serious integrity if the story is true. I think the typical person would just overlook harm because they are benefiting in the relationship.
With the house hacking, I actually lived with a guy who did that. There were 5 people paying rent. It varied person to person, but the lowest was 500$ and the highest was 850$, he was banking over 2,000 a month, and wouldn't clean or do shit around the house. Everyone left after we put it together of what he was doing. Most of us could barely afford the rent he charged, and he knew that. The cherry on top was the day after rent he went out and bought a brand new phone and was gloating to us all, and I think collectively that was the moment we were like "naw he's screwing all of us"
That's horrible. My friend told me about this hack, but I was under the impression that it was done more ethically. The owner would still pay for their part rather than completely leeching off of the tenants. Could you tell more of what happened after all of you guys left?
@@runway5338 well pretty much everyone that's left has done way better for themselves, on their own. But I think it's kind of funny that the guy who did that to us, they live pretty tight now. I'll see them ask for money for little things, and I honestly just think it's karma. The only time in their life they were a head was when they were really just scamming people. *I saw they and them because really it was a couple, but he was the one in control *to add to the fun, they also wouldn't neuter any of their cats, when I left there was 18 cats, and it was on the roommates to do all cleaning, cooking, and litter boxes. I get why the couple did it, but I know they butchered friendships with many that lived there
@@AlyssaHamilton thats the secret of capitalism. Only time people are ahead in is when theyre scamming people. If you make good money, I bet you could be making a lot more with the value you produce. You may be honest but that means your boss is using you to get ahead, essentially scamming you and the customer.
Can we talk about how “tiny houses” are just a flex for the wealthy and how people build these 150-200k sheds. I’ve even considering buying an actual trailer to live in except nobody tells you how much it actually costs to park a trailer. It’s practically as much as apartment rent! Love the video ❤️
Plus these new pre manufactured homes are outrageous too! Unless you come across used. We found several (smaller) houses with their own yards and shit for wayyyy cheaper than any of the new trailers without even considering the lot fees
One time on that show with Chip and Joanna, the owner SPECIFICALLY said she didnt want any magnolia style. Joanna still made the home Magnolia styled and was shocked when the owner was disappointed. It feels like gentrification in some form, by forcing an aesthetic. edit: added an extra sentence.
Don't know where you are but please don't buy a new car, get one as old as you are comfortable with from a private buyer. I own a little place now and trust me I never thought it possible. If I can offer some (more) unsolicited advice try not to get disillusioned and sabotage your long-term goals when it seems unattainable. All the best mate 🙂
Yep, I almost bought a flipped house bc it looked beautiful & everything was updated. But they definitely cut corners & used the cheapest materials. My inspector pointed out rotted siding, shotty electrical (so dangerous), HVAC unusable, the list goes on & on. It all would have went unnoticed had we not done had a knowledgeable inspector
Omg yes, I hate how many of these shows walk into a kitchen and say "the cabinets have to GO" and they're in great condition. I know some shows donate them, but some destroy perfectly good cabinets. It's so wasteful.
Imagine looking at beautiful hardwood cabinets, doors, or furniture, perfectly stained and looks amazing in the house; then you take a paint roller, dip it it Blind Me White, and paint everything for a "modern touch"
The real estate market is so nasty and corrupted I swear, I’m 21 and in fear of ever owning a house not because I don’t want to but because I fear of being taken advantage of. Plus, a reminder of how persistent this path is: real-estate sketchy shit played a big big role in the 2008 economic recession.
Not you pointing out the literal absolute obvious at the end, everyone is well aware that the 2008 recession was caused by the real estate bubble crashing.
@@Pomagranite167 wow ahahah relax baby I wrote it was a remainder not me braking a news. Anyway if it’s so obvious to you just scroll down I don’t get why you being so passive aggressive for absolutely no reason ahahahah
Not to mention the taxes you have to pay to keep your house AND the insurance that could change whenever, like the doubling of most property insurance in Fl, it just all feels like a scam to suck all the money it can from everyone
@@sleepisnice8969 my Nanny lives in Florida and she was unfortunately mislead out of her fixed rate mortgage. Now she's struggling to pay it because her husband passed several years ago and she retired from nursing last year. She is so stressed out and unfortunately it just keeps going up 💔
Yes please make a video about passive income!! I'm so sick of hearing personal finance bros saying "oh you want more money? Just invest in some stocks or own rental properties!" I should not have to literally gamble my money in order to make a livable wage. Also people seems to forget there's more to rental properties than just buying a house and profitingTM, it's really really difficult, especially if someone trashes the place or you need to evict a tenant. I do not need that kind of stress in my life
That is why I stopped listening to Stephan Graham and the Millenial Mindset. I listen to The Financial Diet, they cover some investment stuff, but they give more practical advice about money and growing income. I don’t trust the stock market and I feel that push is that the more people buy into it, they have more to gain from it. I don’t think that the people that push passive income really understand that the greater the risk, the greater the loss. Not every stock is profit and people don’t have the extra money to lose. I think that people need more practical advice. Plus, some of those influencers/TH-camrs that push the investment strategy of passive income tend to follow the what other rich people do without realizing the effects on the average person. They are like “sorry about the homeless, …, but I am moving to Nevada in my 1M+ house that I built (for only 2 people)”, where they are enacting the same tactics from California and driving up the real estate market for these ‘cheaper’ states, while the local economy in these ‘cheaper’ states start to struggle in finding affordable housing. These TH-camrs/influencers don’t seem to get that they are part of the problem and selling advice that is continuing to be part of the problem. When it gets bad for them, then they move another ‘cheaper’ state and continue to create the same issue, all the while thinking its the government (or someone else’s) problem to clean up. This situation is an “everybody” situation.
Not to mention that in order to earn some "passive" income from investing, you'll need to invest over 150-200k :D especially the "passive income from dividents and stocks"
Yep, being a landlord does not sound passive to me. Not only do you have to do regular maintenance, but you also have to deal with tenants and any destruction or code violations they commit. I've know some people who were very happy doing it, and I've also known people who got completely screwed by tenants. Maybe it's just the people I know, but it seems more common for women who rented out their previous home to get screwed than men who buy lots of properties and flip and rent. Although, one male coworker once told me that if I ever wanted to hear a lot of sob stories every month, just buy a trailer park. Nope. Having to listen to people sounds almost as bad as tenants stripping the wires out of my walls and selling my AC components after not paying rent for months.
@@tinabean713 Landlords are leaches that steal the money of actual working class people without contributing anything. Dealing with tenants is the one thing they do, and most don't even do that! They ignore maintenance requests and do the bare minimum to not be actively violating the law (if a tenant is lucky). I can't imagine being arrogant enough to dismiss the lived experiences of people who have to live in trailer parks as 'sob stories', your coworker sounds like an asshole. To already be taking advantage of a vulnerable population by charging them for access to a human right is immoral as fuck, but to have such an elitist and condescending attitude about it is so shitty. The Dead Kennedys were right, eat shit.
You should do an internet analysis on people who become celebrities simply for being adjacent to celebrities, you know, the entire belt of reality shows, the ones listed in this episode included.
One thing that is wild is that there are hundreds of thousands of homes for sale that are affordable in the US, BUT they are in smaller cities or towns just far enough away from job centers that it doesn't make sense to commute (California, sit down). If only we had a mass transit system in each state/nation wide that allowed for quick access to the job centers from these smaller towns so that populations can spread out a bit. Europe has this, Japan and S. Korea has this. Even the US Northeast (to a lesser extent) has this.
I live in a small city in NC and people are actually doing this. Unfortunately, those buyers are driving up the cost of living here and making it so locals can no longer afford housing. What seems like an affordable price for a house to someone from a more expensive place is actually substantially more than that house would be worth in a normal market. I have coworkers who work full time and are homeless or commute over an hour so they can have affordable housing. It is definitely a crisis in this city and close to that level in the surrounding areas.
Also, the pandemic has shown how many jobs can be done from home instead of an office. I feel like that would really incentivize people to move put to smaller cities and rural areas.
Or if people would stop making “gentrification” an evil sin. I am in a 51% Hispanic 48% black and 1% white neighborhood because my house was $75000 and it’s what I could afford i bought it by myself at 24 years old. My principal and interest payment is $355 a month. I’m less than 2 miles from downtown Houston jobs EVERYWHERE. But I love all my neighbors and now live here with my Honduran husband and our baby. I don’t believe it’s gentrification if a white person or ANY person buys a house that they can comfortably afford. It’s almost feels like some privileged white people made gentrification a thing to discourage younger poorer people from owning anything.
I wish that were reasonable for small towns. Where I live in western MA (woods for days) the budget doesn't exist for projects like that. I have memories of my school running out of basic supplies constantly, roads are always in dismay, buildings go unrepaired
I've recently been watching a lot of those "TINY NEW YORK APARTMENT" type videos and it's made me really grateful to live in a country where I can get free university education, fairly good student allowance from the government and more reasonable rent prices (although I do think housing should be entirely free). My mental health couldn't handle working while I study so I can only imagine what kind of tiny hole of an apartment I'd have to live in if I lived in like New York or LA. Here in Finland I get a pretty good apartment with enough space and amenities and a walking distance to my uni, and my student allowance and summer job earnings are enough to cover the rent, other basic necessities and also some stuff I wanna do on my free time. This should really be the bare minimum for everywhere.
or at least in nations that can afford it, the USA can afford it. India, probably not to the same standards. I feel like they're trying to run the USA like Russia or India.
That sounds so amazing (as someone from the US). Just the idea of free housing and student allowances like??? That will never happen here tho. Too much of the American mindset is on you should work for what you have and screw everyone else. I even heard people saying that you don’t deserve to get paid for working… it has to be a certain standard or it is free. We are really getting to that mindset where labor and earning money to eat is an exceptional thing you have to earn or else do for free
Wait for when you start looking apartments when you graduate 😅 It is fast becoming impossible to rent larger than 40m² apartment in city in livable costs.
I grew up in LA and graduated college here…I will never go through that misery again. Working and studying at the same gave me a severe anxiety disorder while trying to keep up with LA rent prices. I decided that if I’m going to do my masters I will have to do it in Europe for the reasons that you listed. Fuck the US, I refuse to go to school here again.
One thing i think about a lot in terms of the 'minimalist' aesthetic or the tiny home aesthetic is that yeah, it's more affordable and can be more efficient and suit your lifestyle, but it also pushes this idea that lower income people should take up as little space as possible and be tucked away out of sight.
I grew up in the Bay Area, about 20 minutes south of San Francisco. My grandparents generation moved here as refugees in the 40s and were able to establish themselves. But my mom's generation didn't do as well. I was born in the 90s so things weren't *as* bad as they are now but expensive enough that when my (single) mom got injured at work and had no choice but to go on disability, we became homeless, couch surfing a lot. Then I went into foster care, so I "got" to stay where I grew up and she eventually had to move 200 miles away. As soon as I aged out of the foster care services I was on my own in a place that I couldn't afford and nowhere to go, no independent living skills, not even a car to move somewhere else. I was homeless for a long time. I'm doing okay now, still struggling to make ends meet, but a lot of my friends from foster care are homeless and a few have died. One of the houses we stayed at was basically a crack house. I looked at it on zillow, it was completely remodeled and sold for a few million. I went back to see it in person and it had some kids toys out front. I can't explain why that hurt but it did.
Why wouldn’t you move 200 miles away with your mom?! San Fran is a liberal trash pit of a city. Move somewhere with jobs and housing that is affordable. They have barely let any housing get built in SF since like 1980. Thats 40 years of little to no new construction (aka inflated prices)
Can’t get into shows like selling sunset. The exorbitant wealth on display in such shows is too damn much for me to handle without losing my mind over the disgusting wealth disparity that exists in this country!!! WHY
@@gdomenico3269 right, because the disparity of tent houses for the homeless in la against the backdrop of million dollar mansions isn’t a disparity at all 😒 FOH
As a disabled person living on benefits unable to even reliably make rent, I can't watch real estate shows anymore. It's just sad. I'm over here getting wistful over studio apartment rentals that allow cats. That said, I bet you'd love my grandma's place - almost totally unchanged since the 70's, green shag carpeting and all. Love it.
@@zirconium2014 ur the same as my step sister yet she complains about 150$ aud rent saying its “too expensive and she should live for free from mum…” and that I have to pay rent even though im only 15 and autistic aint no way i can get a job
Yup, I feel you same situation. They finally do a larger cost of living increase, but people who are not us don't get that we loose that same amount out of other benefits like EBT which people on SSI, SSDI, or just SS need to live, or you will have to pay more for Medicare health insurance out of your check.
I could really rant and rave on this subject forever, I have so much passionate anger over the state of the housing market and gentrification lol. But the biggest thing for me is just how all of this actually effects low-income people. My family cannot find Section 8 housing because the need for low-income housing has become so incredibly inflated due to the fact that the middle class can barely afford a regular home anymore. So meanwhile, literally the entire block next to us, on both sides of the street, has been torn down and re-built luxury Joanna Gaines houses-this brought up the property value on our home and now my mom, who is on disability, cannot afford to live here. But we can’t find ANYWHERE to go. The homeless population has been driven up so much where I live because of this problem of gentrification. We’re all asking, WHO THE FUCK is moving into all these luxury apartments they are building literally EVERYWHERE???
The small town I live in has historically had a fairly high percentage of low income residents. In recent years, under the guise of economic development, three multiple unit housing projects have been built, all well above the median price for our county. At the same time, the apartments where I live have canceled all low income contracts going forward. I and many of my neighbors are just lucky not to get relocated. So we have less low end housing and more high end, and a growing unhomed population (I won't use "unhoused" because obviously a lot of homes aren't houses). Of course, all the new residents in the expensive apartments and townhomes like to complain about the existence of unhomed people in the charming little town they were sold on. Oh, and our Section 8 wait list is years long. People will die waiting.
Good luck! I had thought about city planning because it's really terrible. A lot of places don't even have parks for people to get fresh air. I keep seeing gas stations being build everywhere though 😐
We recently purchased a 100 year old house in Louisiana & I'm obsessed. They saved as much of the floors as possible, soaked & reattached the door brackets & details, & added a rooftop deck. But all of the character? Still here & incredible. A laundry room? Tbh I need that! I'm glad they added it! But that they mostly updated colors? We're absolutely obsessed. I'm thrilled & hope these homes keep getting saved. Our street has several being updated & just watching the process has been so cool! & I freely admit - I'm not a home diyer & could never have done this myself. I feel lucky to purchase from people who did!
On the topic of character in older homes: I feel like there's also this trend of adding "faux character" to remodeled homes, like shiplap walls and barn yard doors (I have an irrational hatred for barn yard doors) and it just feels so........weird. Like people spend so much money tearing out fun, quirky details only to copy + paste the same Pinterest board crap that everyone else has into their house. It's just very odd and backwards. Also, I too love a nice 40's/50's pastel colored, all tile bathroom
I especially love the barn door hung against an existing wall without an aperture. You can move it back and forth, but it's just, like, another wall. Someone on HGTV did it a few years ago and now idiots with no aesthetics think that is good interior design.
@@sweetembrace6706 I mean you're free to look at it that way, but I find it corny as hell. Also pocket doors are good for accessibility, work like actual doors, and don't look silly in the middle of a suburban home
I had to stop watching renovation shows after a scene where (I think it was the property brothers?) there was this beautiful retro blossom-pink bathroom, with pink tiles and fixtures, very cool, and they took a sledgehammer to it. It was painful to watch, especially when they replace it with the most soulless, insta-dated, cheap-looking modern insipid decor.
@@sweetembrace6706 relax 🙄 were just saying we like a fun tile more than a white subway tile. And it’s more eco friendly to keep materials that are in perfect condition then to constantly be replacing them. Home Reno’s contribute to a shit town of environmental waste. Reflect on that.
It’s constantly a pressure to “move out, buy a house, become a millionaire, have kids and be married at 22” or maybe younger. I constantly feel like I am running out of time, that I have to be rich and have a big house and think about having kids. I am turning 20 this year and I feel like I am years behind. It’s so toxic and stressful for anyone
Just slow down and be smart with your money at that age. You might be able to do it quickly. It’s not hopeless and I highly suggest living with parents or roommates for a few years it’ll put you way ahead. The people who pay $1800 for apartment without utilities and have a massive car payment are going to struggle with 70k/yr
I actually worked at an antique store in Waco (i.e. where Magnolia is located), and the couple who ran the store single-handedly saved pieces of historic homes/buildings that people were flipping. Like people were dumping corbels, stained glass windows, and even a church steeple. It's kinda sad to see what people are throwing away. (also so bad for the environment y'all)
It’s so much fun looking at dystopian real estate, but honestly I find all the houses the same and really boring. Majority of the really multimillion dollar houses have an absent of character and charm, it’s the prime example of money can’t buy taste.
That NY woman living in a closet has haunted me for months - every time I see that video it makes me so angry. How did we get to the point where we're tricking people into thinking that's okay? That woman is paying to live in that hallway🤦♀️
First time on this channel, but I am a real estate agent and sell mid price homes in my area 700k-1.2 mil more or less. I was showing a home to clients and the students who lived there told me that they rented out their walk in closet to another student, so I couldn't see if that day. I was quite shocked, I knew that some people rented out their garages to make rent, but never heard of a closet before.
@@AB-sm1qf Yeah, let's blame it on the renters who have so few options in their price range and location that they're willing to rent out a closet to live in. Do you seriously think people wouldn't go with any other option if they could? What world do you live in?
@@AB-sm1qf People are desperate. I lived in an illegally small room, in a house that had an illegal number of tenants (and mice) because I could not afford anything better that did not require owning a car, which I also could not afford.
I'm constantly amazed at the level people can reach where other peoples' real estate and property can mean nothing but numbers to them, I had to fight for my life to get a 2-bedroom in my city that wasn't over $4k, and seeing the price of these places gives me whiplash
One of the reasons I believe van life, living off the grid, tiny houses, and cottage core have become so popular because of the more realistic expectations to live a modest life but people also romantizing and being open to it now. I also like how it is a rejection to this sort of life by grinding by in a job 24/7 in hopes to afford a decent house before you die.
Omg, as someone who is finally able to look for a home to buy I cannot express enough how much I wish flipping houses never became popularized. I used to help my dad fix up houses as a teen (he is not a flipper, lol) and some of the work I see in these houses is insane. It literally looks like some of this work was done by todlers!!
As a Mexican architect, I hate the way most of our cities aren't planned for cars (tiny roads everywhere) BUT we can technically walk in most smaller cities and there's businesses everywhere, like you could have a small store right in your neighborhood and I find that neat lol. There's actually a project (don't remember where exactly) about making walkable cities more and more common, about having the nearest hospital, stores, etc no more than 20 minutes away, so the thought it there.
@@lonelyhighway I was thinking of a specific country which is gonna start requiring this for the new cities that are being built, but this is a pretty neat concept that I hadn't heard of, pretty neat stuff!
@@Ruby-xk8kn my closest Walmart is around 10-15 minutes by car & I was curious to see how long it would take walking. It would take MORE THAN AN HOUR just to get there 😭😭 and keep in mind that this is the most populated city in my state & therefore everything is way more "accessible"💀 I rly wish the US in general was more walking-friendly. It's one of my dreams... just being able to walk everywhere 😭😭😭
As someone who's lived in tons of weird living situations - including living in a 10 foot geodesic dome I made out of yard signs in the backyard of a group house and on a hippie commune in a broken-down RV and on a tree platform, living with 30 people in housing co-op - one of the key elements with these alternative living situations is *agency* - one key element I always had was that I had an ownership stake - either by being on the board of the nonprofit that ran the co-op I lived in, or by able to make decisions by consensus in my housing co-op. We actually couldn't sell the house because it's preserved as part of a land trust. Group equity housing co-ops or co-living (which used to actually just be shared ownership intentional communities before it got stolen by silicon valley) are a great solution for some people, but having a corporate landlord just making the money off of these housing situations rather than having agency in these decisions makes a huge difference in *how* you feel about things. When we decided to refinance our 11-person house so that our mortgage rate will go down, we had to raise rent on ourselves for financing reasons (debt-to-income ratio) - but that extra money we decided to use to install a gas stove and greywater system. Rather than just having a landlord who charges us market rate for a trash-rocket (as my dome was called) and sells it as "community".
People think just because they've faced hardship that they deserve no criticism and you should just be happy for them. Like no I'm not happy you installed laminate floors and a cheap kitchen then decided to rent it out for $2500 a month.
One time I toured a historic home we were considering buying (steep stairs, cool dirt floor crawlspace) and they put a barn door on the MAIN BATHROOM. I was dying inside.
Thanks so much for the shoutout! I don’t watch much real estate content, besides Stay Here which still haunts my dreams, so it was great to see this overview of it.
The worst part is that the owner class act like they are doing the rest of us a favor and that we should get down on our knees and kiss their feet for granting us this much.
During our house hunt we saw so many of what our realtor called "lipstick on a pig houses" where someone inexperienced, lazy, or greedy bought up a starter home/fixer upper, did a shotty flip, and slapped a 6 figure price tag on it (where I live, North Eastern Pennsylvania, that's really expensive for a regular old 2-3 bedroom 1 bathroom house. Flippers are definitely having a profoundly negative impact in my area, where the average median income is about $20,000 annually)
You should do a second part focusing on this issue in Korea, it's worse than Japan tbh and it's so big people are getting angry to celebrities just for showing their home lol it's crazy
agreed! I lived in a tiny 1 room apartment in Seoul and half of my floor alone were 3-4 people families living in the same sized space. :S I felt claustrophobic so I can only imagine how they felt!!
I have a friend who lives in Seoul and she pays 700 bucks for a tiny space where the kitchen and the bedroom are the same space, she has to fold her bed every morning
throw cage homes in HK into the pile as well, the housing there is so bad (tho not sure about current state of things after the latest ☂ movement got shot down)
@@minmin-hd9bu i saw a documentary about "rich kids of HK" and they were showing their flats they bought for like 1 million US dollars and it was literally just a normal 2 bedroom flat
Since I was a little kid my biggest dream has been to own a house. Not a fancy house but just a regular, decent house. My family was really financially insecure and had to move around with family and friends because we couldn’t afford our own place for awhile. The sad thing is I will never be able to afford a home where I grew up (Southern California). And I even had a decent job for someone my age but the down payment cost is just completely absurd. If I ever want to own a home I’ll have to move away to some small town and even then idk. Like what kind of fucked up world is capitalism where people can’t even afford to live with stability in their own home community?
As someone stuck in a room with no windows, no airconditioning in australian heat this video hit hard. Ny living space has almost caused me to take my own life it was that bad
I’ve lived in Waco, Texas for basically my entire life and I absolutely hate what Magnolia has done to this place. I always hated Waco because of the lack of culture, but at least it was affordable. Now we have *marginally* more culture but housing prices have gone through the roof. I’d move to Austin but I can’t afford to live anywhere right now; I’m staying with my mom. Chip and Joanna also bought a restaurant that was an iconic part of Waco’s history, the Elite Cafe, and changed it to Magnolia Table. I haven’t been there since they bought it so I don’t know what they’ve done to the inside but I’m mad enough about them changing the name and the sign. If you look at the real estate listings for Waco, there are soooo many old houses that have been turned into Magnolia knock-offs.
im gonna say it: i hate those "house hacking" people. they know what they're doing is selfish and fucked up and they still do it anyway and don't care at all. that pisses me off
As someone who's been homeless most of my adult life, it's just a little... frustrating, I'll say, when these well off influencer types essentially choose it as a fad. Like a quirky little phase. Kinda just makes my life feel like more of a joke y'know
I met this Swedish guy who was a "digital nomad" and he gloated about being homeless and how he lives in hostels and couch surfing and it's so much fun because he meets so many people wow so cool. I really wanted to punch him.
Could have been worse, you could have been a "house hacker". At least you aren't an asshole. People like to talk shit about homeless people, but they aren't the ones exploiting the working class. Had a "landlord" who got angry with me since I called the local government after 11 months of molds, 1 fire we hadn't been told about, a month of leaking lambs and hissing light switches, a broken door he refused to fix and some more issues. Ever since I've been anti-landlord, even though I'm forced to rent.
It's particularly distressing when house being stripped of it's personality was designed by unique architects such as Julia Morgan, creator of Hearst Castle, and turned into a replica of a corporate lobby.
The fact that people make a living squeezing every penny they can from people for a basic human need like shelter disgusts me. No one needs giant mcmansions out in the hills with an infinity pool when there are millions of people everywhere who can’t even afford an apartment. I’m pretty young, and to me my housing now feels like an unachievable dream, not something I could ever actually have. That isn’t ok. Basic housing being an unaffordable dream for some people isn’t ok. But then glorifying and selling back to people this horrifying reality of current life as entertainment? That’s taking it to a whole new level of bad.
Living just outside Boston area (about 10 miles from downtown) it is IMPOSSIBLE to get an “average” 2-3 bedroom house anymore. Developers are buying these up from the seniors downsizing at waaaaaay over market value (like selling for $700,000/ buying at $800+) They tear the “small” house down - selling the historic hardware, aged woods and all the copper pipes for a ton of profit and then install cheap drywall, pergo flooring, plastic pipes and Home Depot cabinets. They make it a 5/6 bedroom monstrosity and now every $700,000 2 bedroom cape style house is now a $1.4 mil eyesore. Let’s be clear 700,000+ for a 2-3 bedroom is bad enough, but this outcome makes it outright devastating *EDIT: as of early Dec 2021 2 bed/2 baths in my area are averaging $850,000-950,000 🤦🏻♀️
I just read an article on Realtor that said the demand for houses within the $500,000-$800,000 range has skyrocketed. I have no clue who is buying these things. My husband makes 6 figures and if we were going to be smart we should all only be paying $2300 a month for a mortgage. With taxes included that’s about $420,000 house. What are people making and doing to afford these $800,000 houses?!
@@amor2874 800k is affordable on a 30 year fixed rate mortgage if both partners are earning 6 figures. On one salary, kind of sketchy. Tech worker couples can pull in average 200k-1mil annually.
Oof, that explains all the tear downs in my old neighborhood, also lived just 10 miles from downtown Boston. Most of those homes looked perfectly functional and in pretty good shape when they tore them down too, pretty sad and wasteful.
honest to god one of my biggest long term dreams is to find an old victorian farmhouse kind of place, and i worry about how many of the ones that used to be around where i grew up are either being gutted or totally demolished and rebuilt
i once rented a room in the former house of an old lady , who moved to a smaller apartment after her husband passed away . she was the nicest landlord i have ever had . she always told us when window cleaners would show up , she told us a week prior if she would be passing by to collect mail from previous renters , and we never had a problem . never had that experience with my privacy being respected that much again .
tiny living isn't accessible for disabled people either, and usually, no apartments or homes can be accessible on move-in. Not to mention SSDI doesn't cover a single-family apartment rent anywhere in the US. The housing situation horrible right now.
The blatantness of "house hacking" tiktok is disturbing. Capitalism got us to a point where people act enthusiastic about riding free on selling BASIC HUMAN NEEDS to others
Had always been like that. It's just that the advent of social media is giving exposure to people about what they actually do to afford luxury watches and cars. Hence there's a distinction between the "new money" and "old money" people. The former are the ones who got big by investing big techs and such. Take Gary vee and his likes of entrepreneurs/scammers. They always go out screaming about their wealth. Which is how the term flexing came into existence. The latter are quite secretive, they don't even show themselves to the world. Take sacklers for example. Multi-billionaires who most wouldn't have known about if it wasn't for their shithousery in opioid crises.
I can’t see what’s bad with house hacking. If I get a 3bed 3 bath house and rent rooms for 600 to friends. It’s cheaper for them and cheaper for me. It makes perfect sense to me
@@atff99 First of all you should look at what is the average price for a room in your area and then why not divide evenly between the people who are living in the place. The concept of house hacking only works if you overcharge the people youre renting to because otherwise you wouldn't make extra money.
@@Laura-gd4ku but the other people didn't save money for a down payment, aren't responsible for fixing things, getting insurance, proprety taxes and everything else that comes with buying a house. why should they pay less than the owner? saying this as a renter that understands real estate is often an investment, meaning you expect to make money off it
Expensive real estate content is unfortunately enjoyable, but it takes the conversation away from the global housing crisis. I live in New Zealand where the average house price in most cities is 1 million dollars. That shouldn't be normal or okay.
tell me about it I feel like it's a global issue. I wonder how other people feel but in the UK it is soo common to rent even if you are in you're 30s due to the price of housing these days
@@brooktawodzera9296 It does seem like a global trend! Either the culture and pressure to buy a house needs to be alleviated, or investment properties need a cap (this is a huge debate in NZ). Ideally, banks and government work together to support first home buyers, but this is easier said than done!
It's getting pretty crazy in Brisbane too, we were doing ok compared to Sydney and Melbourne but now everyone has decided to move here and the prices are going crazy, my small one bed unit has increased 100k in only a few years judging by comparable units in my suburb now, it's just not right. I didn't buy as investment I bought as a place to live, so I don't want the prices to rise for my own sake when it means other people are getting locked out of the market.
Same in the Netherlands. All being bought by investors.. our government is doing nothing about it either. A normal/average 3 bedroom house around Amsterdam is on the market for nearly 1 million euros. Insane! I live in the south you’d think oh no problem there right? False! A normal house will be on the market for about 5/6 grand. Where does a normal person get that money from?
"At least they're housed!" I totally get that idea, because my work involves the houseless. And we would NEVER house anyone in those tiny apartments. They would not qualify for federal aid!!!
as someone blessed to live in a home with the original 1960 pink and green cosmo and wanda tile bathrooms, i genuinely fear letting it fall into a flipper’s hands
These horrifying examples are the reason I love Marie Kondo’s show so much. The families featured don’t get new things and they don’t go through an unattainable process to make their spaces so much better. They work with what they have an are able to find peace in that. Honestly, these shows about ridiculously expensive real estate makes me want to grab my pitchfork too. If I wasn’t thinking about going vegan, I’d eat the rich.
When you said “at least they are housed” that made me think of people who have been house less in my city and then get housing. Those apartments they get housed in are often horrible, falling apart and infested with bed bugs. As a result some people prefer to even live on the streets to living in these apartments.
Who is going to pay for that though? The elite class could give 0.0000001% of their money and house everyone. But it's the middle class who would suffer from paying for a lovely complex of apartments for homeless people lol. The homeless would end up better off than the lower class lol
What’s usually prohibited is “sub letting” where you are paying rent to landlord and you get an unauthorized roommate and charge them rent or split the rent. They give reasons like “background checks” or occupancy limits but really they want to be able to make money off of the other people living there
sei sicura? potresti darmi qualche indicazione a riguardo? che io sappia è pieno di gente che affitta camera libere in casa propria per esempio agli studenti o ai trasfertisti e ho sempre pensato fosse normale.
@@luciadellalbani7667 I had to look up "house hacking" and looked like something that absolutely would be legal here in Switzerland. And the thing you describe - renting a flat and having subtenants - is one of the two most common ways for people who aren't a family to share a flat. (The other one is renting a flat together. Almost no-one owns their flat here.) One person rents the flat and is legally considered to be the main tenant. That person's two roommates are legally considered to be his subtenants. This way of renting a room in a flat (plus use of the common rooms like the bathroom, the kitchen etc.) is in my personal opinion the better of the two main ways people share a flat. That way, you're either the main tenant who is responsible for paying the full rent of the whole flat (downside) who can kick out anybody at any point (upside) for reasons like "I dislike them" *or* you're a subtenant who can just end their rental contract as a subtenant whenever there's a problem. So while you can't kick anybody out and stay yourself (downside), you can always flee (upside) and are never in the position to have to pay the full rent for everybody (upside). What is illegal, however, is for the main tenant to make money off of having subtenants. And I am not sure if I could have two subtenants who both pay half of the full rent, with me paying nothing at all.
Along with tiny barely living spaces, I would like to add Hong Kong onto the top of the list. Hong Kong has one of the highest costs, if not the highest cost compared to its living area. Especially, the "Monster Building" is known to be one of the smallest areas but also extremely expensive places to live (due to its growing popularity from Transformers/social media influencers).
Going off the house flipping aspect, my parents sold their home (my childhood home) because they never had the financial means to keep up with the problems that it had through the 20 years they had it. My siblings and I had all moved out so they no longer needed a 4 bedroom house. When I say this house had a lot of problems, not just cosmetic issues, I mean it. They people who bought it were flippers and ended up purchasing it sight unseen (so they never even looked at the house in person) and then proceeded to flip it. With all the issues it had (sever plumbing issues, rotting ceilings, no central A/C or heat, water heater issues, severely cracked driveway, etc.) it should’ve taken them at least 6 months to fix it all, but they did it in 2. I looked at he virtual tour of the house after they put it back in the market, and I could tell they did a lot to make it look better, but not a lot to make it structurally better. I could see where they just painted over some water damage on the ceilings/walls from leaks is the biggest one. You wouldn’t really notice it if you didn’t know it was there from the beginning, but it just upset me that they were in it for the profit and not for making a good joke for someone who was actually going to live in it.
My boyfriend and I got VERY lucky last year and got a (fairly) reasonably priced house this year and it has a completely 70s basement that the original owner never touched. I'm so glad we get to preserve it too instead of painting it white or tearing it out because I love it!
Hell, I worry about being able to afford an apartment when my lease is up
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Lemme tell you, pre-pandemic Dublin was INSANE (still is). "Fuck landlords" is well and alive in the zeitgeist of younger people. Anything less than €500-600/month is almost guaranteed to be a shared room. Seen some fucked up shit, like shared BEDS for rent, sketchy male landlords/leaseholders looking for female tenants... Edit: I used to live at the very edge of Dublin and they finished building loads of apartment blocks (like 5-6 floors ish we're not at high rise level yet) there so I was like "oh cool more housing!" lol NOPE all of them built to rent by developers - starting from 1.6k/month for a 1 bed. First place I lived in 5 years ago (still at the edge of Dublin), the rent was 500 bills inclusive cash (always a red flag tbh) - it was a 5 bed house, but 8 rooms were rented out (1 of which was a literal conservatory??) and I had 13 housemates... Literally never met the landlord proper, they sent people to collect. Honestly prices approaching London levels with nowhere near the amenities or appeal.
I mean, my rent went up in RURAL nc by 500 dollars these past 2 years. I'm considering getting a roommate to 700 dollars a piece. (But each would have a room and bathroom)
Have you heard of CATU here in Ireland? It's a community action tenants union here in Ireland, I'm a member and would 100% recommend joining! Just one example of many but to give you an idea, CATU put pressure on landlords trying to illegally evict union members during the pandemic. The situation is so bloody disheartening here in Dublin, but something that gives me a lil bit of hope!!
i was gonna say don't hate the player hate the game (dont hate landlords hate the property taxes and mortgage brokers)....but...shared beds? seriously? I'd be raising hell...
I feel this. I live in a smallish PNW town that is slightly rural and the rent here has gone up to insane amounts. They keep building new places but none of them are affordable. Studio and one bedroom apartments are going for $1500+ which is about the same as the Portland Metro area. It blows my mind.
"Home hacking" isn't new. Every landlord or landlord/roommate always makes a profit off of their tenants (especially in college towns). I wish it was easier to buy our own homes rather than rent.
In the uk, some mortgages does not allow you to rent out your place while paying for a certain amount of time.. So you would have to do it in a shady way, which might be fine for a few people... But i guess it does not worth the risk...
People also don't realize the work a home takes. Like yeah I guess I could sell it and I don't need to settle down, but that's a ton of work. Not to mention I need to live in a large city where buying would be insane to suggest. I also enjoy that landlords preform maintenance! I just don't like that they overcharge and rip people off.
@@nataliee5236 Yup. A lot of people thinking the typical landlord is getting rich are idiots. Yeah, renters pay mor than the mortgage, but so does the landlord. Insurance, interest, taxes, maintenance, etc. It adds up. A lot of people go bac to renting for a reason.
@@Author.Noelle.Alexandria so true. Maintenance, utilities, upkeep, insurance, being eligible for a home in the first place. There’s always a chance you’ll have times without renters - it can take YEARS to pay off a mortgage. If your using the rent strictly for monthly expenses to “hack” - what happens when there’s a roof or structural problem? You’ll need more capital. I pay almost 15k a year in property tax alone !
I’ve been going around saying “none of this is real” in relation to the housing market (as a Floridian who’s effectively being pushed out by rising real estate costs) and that’s been giving me some comfort. I actually love my town but there’s no way I can afford to buy a house here after I graduate.
And all the old white people retiring there and taking all the affordable real estate will tell you some bullshit about bootstraps while waving you on your way out of town too. It really sucks
Landlording in and of itself is arguably immoral (see mine & Thought Slime’s vids on this for more detail). “House Hacking” might be a new term, but people have been doing this practice for ages - paying for their home by renting out their rooms or an attached unit. Where it gets super immoral is when investors accumulate multiple properties, which they don’t even live in, just to be able to rent out a place for more than it would cost someone to buy. This manipulates the housing market, which has rotten results for common people.
I feel this in my soul. My s/o and I have a farmhouse from the 1930’s and we’ve been living in it and renovating it and it takes SO long to do it right
We live in a 1920s farmhouse, we can’t really afford to do the repairs but we also can’t afford another home in our area 😑 we make over $100,000 a year. It’s disgusting.
Fire safety be damned. We need to put people in dorms that could severely impact students mental health, could cause breathing issues without ways to ventilate rooms should someone accidentally burn food/put on too much perfume, and not to mention - force people to congregate in public spaces in the middle of a pandemic in order to access and drop of sunlight. In most places, I have seen a bedroom needs a closet and a window. I am shocked that thing sorry excuse of a dorm has not gotten hit by at least one safety violation. But that's what you get when someone who wants to play builder writes out the plans for a living space. He's never gonna live there, so it doesn't directly impact him.
This video blew my mind. I had no idea how privileged I was to live where I do. I literally own a 3 bed. We bought it for £195,000 and the mortgage is £775 a month. I literally live by the sea too 🤯 I knew housing prices were high in other places but I didn’t quite understand how high! My entire house costs less than one of the pods. That’s insane. I guess it’s all relative to jobs etc and jobs wise our area isn’t great. Even full time jobs as like a teacher only pay £25k a year.
Home size is an interesting topic, when i see on some US home design show them mentioning the kitchen being 'only' 500sqft, that's the size of my whole apartment, and it feels completely liveable.
My boyfriend and I, as 20 year old students, in Australia, literally have no clue how the fuck we’re going to afford to buy a house in the future because the housing market here is insane 🤯
People might enjoy Evicted: Poverty and Profit in the American City. It's a really interesting read, especially the chapters about the landlords. It's insane to read how they speak about their tenants, how they manipulate section 8, and the way they justify it and treat their tenants like cash cows.
OMG yes I loooved this book! So eye opening. I also love Sidewalk by Mitchell Duneier, which covers the lives of homeless black men who make their livelihood selling things on the streets
Thank you for bringing attention to this. Have been coming to terms with the fact I will never own a house, despite making over 100K. The house that should cost 400-500K is now 3-4 million where I live in Florida. They are all being bought by banks, hedge funds, and foreign nationals so prices just go up. The 1% have so much money now that buying up ALL real estate in the US is not that far off really. The middle class we knew growing up is gone, its working class or ruling/elite class now. Is what it is.
There's been a housing boom in the uk, (flipping/buy to rent/second homes) and its the worst possible thing to have happened at a time where people are struggling with money. Valley homes in Wales pre pandemic were about 40,000-70,000 now they are closer to 130,000. Its pricing people out of home owning, for generic garbage no less (and is in no way disability friendly either). BUT people also cant afford to rent as landlords hiked prices and the quality is terrible (partly to max profits) and because builders/suppliers put prices up because of supply shortages (/greed lets be honest) so you end up with cheap materials. Everything now is so tied to the nuclear family as well, there is no way a single parent/an independent elderly person/someone on a low wage salary is ever going to be able to afford anything to do with homes.
"Live, Laugh, Landlord"
You won the comment section🏆
I was wondering why the algorithm brought me here lmaoo I was watching your vids yesterday
Cryinggggg
lmao
Omg it's Auntie Khadija!
Flipping and "grey-ifying" houses drives me crazy. It's honestly so sad to see historic or cute homes with charm be just stripped of their character and with cheaply made materials too. :(
Every time a bungalow gets grey-ified, the universe screams.
It just looks so depressing. My parents' elderly neighbor dies recently, and for some reason his family decided to paint the exterior brick on his house an ugly grey. It makes me want to scream every time I see it.
I can’t stand it when old elegant and grand homes from the 1700s-1900s become so modern. I mean obviously adding modern plumbing, air conditioning, heating, and electricity is perfectly fine but completely stripping the place of its time period is not. I love it when these old grand homes look like they’re frozen in time but with added modern necessities if someone’s living in them.
It’s worse when you live in an up-and-coming town, and they’re starting off with these Modern, grey, cheap, designs. So friggin’ frustrated with how lifeless the skyline looks 😩😩
Totally agree...it's almost sacrilegious to do that to a heritage home...they do it as it's cheaper than properly restoring it😬
I never heard of “house hacking” until it happened to me(sort of). I was a single mom renting two rooms in a 5 bedroom house with a family of 3 (soon to be 4 since they were expecting)
They gave me one price before I moved in then about a month in they said they needed more for the other room I was renting. I said I couldn’t afford anything higher and wanted to stick with out rental agreement. So they started charging me more and more for utilities, saying they were getting more expensive when I had my daughter with me. At the time I only had her two weeks at a time and she was literally 4 years old. By October, not even winter when heat bills usually rise, I was paying as much in utilities as my rent. They took advantage of the fact that it was very difficult to find a place, especially as a single mom with a kid and a dog. The average rent being $1200 for private place to live in my area. I was constantly searching for a new place to live and when I got very very lucky and found a place I gave them my notice. They did not handle it well, saying that I still owed them money and that they knew my soon to be new landlord and where going to tell them how “awful” I was. They literally threw a fit and made my life hell for that last month that I had to live there. I’m sorry but if you’re a married couple with two children and you can’t afford your 5 bedroom house with out sucking the income out of a single mom, rethink your shit.
Thanks for coming to my TedRant.
Ughh, that’s disgusting. Glad you’re out of there. They sound like horrible people
Dunno where you live and what the Landlord Tenant laws are like but that just sounds bad, if you're renting privately...take your lease to a real estate lawyer...where I live...laws favor the tenant😁
Jeez that sounds like it sucked with them! I hope you have better landlords now
That's why I am not breeding
Did this happen in Utah? This sounds like such a Utah thing. I've heard of many similar things happening here
As far as house flipping goes, I am a human living in a midsize/small (65k population) Midwest town. I bought my house for $119k a hand full of years ago and I'm remodeling my bathroom and EVERYONE is like, "Oh this is the cheapest way to do this" and I'm like, "Oh, I'm renovating this for myself. I'm dumping like $10k in to the bathroom of my dreams and ACTUALLY doing the plumbing and electrical myself"
"you probably won't get the money you put in back"
"THAT'S NOT WHY I'M DOING IT"
Such a sin to want a house to yourself and not to simply sell it. I hate these spoiled rich kids who are running our lives
Thank you! That is how you are supposed to renovate - for YOU! Not for the future potential resale price
Same I'm moving from a 2 bed terrace to a 3 bed semi and unless I win the lottery this is my permanent home. The amount of people calling me crazy for wasting money on a nice kitchen and bathroom. I'm like??? I'm going to live here for a long time I want that granite counter and victorian tiles bathroom 😂😂
@@leannethomas3411 hell yes! Get that granite!
Yes. Like i am going to pay people to remodel my bathroom even though am planning on living in it for some time. Like it's for me. If the person after me likes it, great if they don't, they can remodel it themselves.
its crazy how much of mine and my sisters financial future depends on how my parents were lucky enough to buy a home 20 years ago. and just by chance, that home shot up in value. they were only able to do that bc they went to college in the 80s (and in europe) and didnt have student loans, neither of them are disabled, they had kids late in life, and their parents were able to help them out in a tough spot. yes they work hard every day, but so do billions of others. its all so random and unfair.
I appreciate you for being able to reflect and actually acknowledge ur privilege. Bc way too many ppl would say "well, my parents did it and so did I, whats ur excuse" as if everyone has the same circumstances.
👏👏👏👏👏👏
That's true. There is also the economics of the time you're living in, social programs offered by the state, even extended family. My parents were dirt poor growing up, but had stable families who helped them with child care and encouragement. Our community colleges are very state subsidized and my dad got his first degree for practically nothing. Eventually he bought a home in an area with good schools and I was able to get into a very good college.
Exactly how I feel. I got lucky. They worked very hard, especially my mom who is 1st Gen Filipino, but a lot of the reasons I was able to get a cosmetology license (and therefore find jobs that can pay the bills in an insanely expensive city) is because I had time to only work 10 hours a week on top of university and cosmetology school. I worked myself to the bone but I wouldn’t even have the chance to make that work do something without the luck of parental stability
@@Magicwithizzcongratulations! Bills are exactly why I decided against graphic design and went for mobile electronics at the last moment. I was an orphan since age 13. Quite literally the only reason I’m not on the streets right now is because my father (who was very very bad with finances) pulled some money out of his ass for when he died
let’s also talk about how many historic sites or older homes in iconic styles get demolished in order to make way for these bland modern mansions. this happened to the house in LA my great grandfather built in the 40s, and it was knocked down (orchard and pool and back house included) for an ugly ass mansion that looks like all the other ugly ass mansions
this is so depressing. LA older homes have so much character its painful to see these changes happening
Watching this happen to homes, neighborhoods, buildings, natural landscapes, it already breaks pieces off my soul. And It’s rapacious now.
These building techniques and materials do not exist anymore. You cannot get any of this back, it’s gone forever.
I can’t even imagine the rage-grief I’d feel if it were a home my grandparent built. I’m so sorry.
@@juliettedemaso7588 la is so notorious for this, which is such a shame considering all the landmarks that they’ve knocked down. i guess i get some happiness knowing that the mansion they built on the property has been sitting unsold at $8 million for 7 years now
That's so sad, that house sounded so cool. I'd imagine in a few years those ugly modern/mc-mansion homes will be torn down to build the newest house trend, instead of renovating them and saving resources for other things while preserving the past
@@-Desire Just thought of the old ace family home 💀
UCSB student here 👋🏻, something important to include in the context of this dystopian dorm building: UCSB accepted many more students than it can house this year and prioritized housing for freshmen and sophomores (they got priority in all university housing) and that left juniors and seniors to look for housing elsewhere. However before the school year started, in goleta and isla vista (nearby cities) the renting rose a ton and pushed a lot of people out of the city and new richer people moved in. So there was also nowhere to rent anywhere near campus. The university even had to rent a nearby hotel to accomodate some students and that was not enough to help everyone (hotel accomodations were also only limited to a few months). This was so bad that the city of Goleta was pursuing suing the school. After this fiasco, UCSB announces this dorm building project. This was like the moldy cherry on top of the shitty cake for students already experiencing homelessness/housing insecurity.
This is happening at CalPoly Humboldt. Not only are they renting a hotel, they're also bring a fucking BARGE into the bay
The same exact thing happened last year at Cal Poly Humboldt: influx of freshmen+the school not capping enrollment means the juniors and seniors are being forced out of their dorms and put into motels. Arcata is a very expensive city with scarce rental options so many of them will have to stay there. The reason for the school’s decision is that they have an agreement with the governor: more students = more funding, and if enrollment drops, funding gets cut, so they are basically alienating and uprooting their upperclassmen for the sake of more money, while knowing they don’t have the infrastructure to support their current students. The worst part is that they announced the decision after the transfer date, so students weren’t able to switch to another csu if they wanted to.
Wow that’s awful. Such a shame too because when I visited Isla Vista nearly a decade ago, it was beautiful and bustling with college students. I hate that the rich are pushing the students out and that the school is just cool with letting their students be homeless
On top of that moldy cherry, UCSB is not a cheap school at all. I wonder what they should teach to justify what's going on there
It was disgusting that during covid they were kicking students out of the dorms too, some kids don't have anywhere else to go, they probably put all the money they have into just rent.
Those house hacking tiktoks are mindboggling. They're literally saying 'The reason I can afford these fancy purses is because I made sure that you can't!' and they're so proud of it.
I did not realize they weren't satirical until she explicitly said it
I genuinely thought they were satire initially
I thought the people making those tiktoks were mocking the concept of being so parasitic but when I realised it was them boasting about exploiting the broke to live for free despite being able to afford to buy those houses themselves. Man was I newly dissapointed and needed an extra 10 minutes in my bed to get over a fresh new existential crisis.
My guilty pleasure is seeing the word 'leech' typed 1000s of times in these tiktoks.
i really thought they were satire
I can't imagine not having a floor made from 1000 year old wood planks from a World Heritage site in Japan. Anything less would be disrespectful.
😹😹
I wonder how you would remove the flooring without damaging the wood.
I wonder if they lied about it lol it just seems so absurd
@@ZombieNinjaTurtle same. So many of those billionaire bs ones seem to have fake features
It looked so boring and normal as well.
i work as an architect and the whole thing about having no fresh air and daylight was actually so detrimental to early office building designs that they make people legitimately sick (like there's a disease called sick building syndrome) and it's baked into most building codes (1981 ASHRAE includes it after a court case) as well as architect license exams (as least in america afaik) that you CANNOT design buildings without fresh air. window access is also vital in terms of mold prevention and offgassing from things like fresh paint and new flooring, something that would be everywhere in a new construction with high turnover. it will be a huge blow to building standards if this ucsb dorm is constructed.
I hear your concerns about 'the value of human life' but I wanna see exactly how high the suicide rate spikes, it's a Nobile social experiment with totally willing participants.
@@jjoohhhnn Willing? You mean exploited.
@@stealthis I'm being completely sarcastic, but you're right, exploited would be accurate if the intent wasn't sarcastic.
I noticed how the architecture students in Tokyo had little space but big windows with a lot of natural light. They even have plants in there. Sunlight is huge for mental health. They know what’s up.
Dam i wish that were a law, my room has no windows and its gotten me in the worst mental state ive ever been in. And i cannot leave my room cuz of quarantine
House flipping actually really annoys me. As a kid I'd heard vaguely of folks buying houses and renovating to sell, and I thought 'how handy, doing the work others can't'. As an adult, in this capitalist hellscape, it makes me mad, because they buy the only affordable houses on the market and make them unaffordable. The kind of people who have a chance to have a home by relying on doer-uppers that they can slowly work on over the years, are instead forced to stay in the rental market while those doer-uppers are flipped out of reach by people who have homes already.
That’s exactly where I am right now. Any “cheap” home that’s available gets swept up almost immediately. The ones in the less desirable areas are being remodeled and put up for rent far above the surrounding houses. So I’m just watching the gentrification slowly creep all over my city smh. My family has rented the same apartment since 2013, and I’m afraid of them wanting to kick us out at the end of our lease this coming year. They’ve been slowly renovating units to justify the ridiculous rent increases for the apartment community overall. And the rent increases yearly to supposedly keep up with the market. I feel like all I can do is keep working to increase our credit and qualify for something, but who knows how much more home prices will be by then?
Worded it perfectly
I've definitely met flippers who work on houses that are so bad that nobody could live in them- houses that need incredible amounts of work to even be safe- but yeah, flippers can be kinda shitty. They often are pretty smug assholes, too. Lots of "grindset" people who think they are clever.
Not all flippers are even necessarily improving these houses. "Fixing" houses can just be giving them a nice veneer without actually resolving fundamental issues -- the least effort for the highest returns.
This is why you'll see some "flipped" houses have high turnover rates, with each successive owner figuring out there's problems after they've lived there a little while, slapping a bandaid on it, and offloading the problem onto someone else (while probably making a slight profit in the bargain).
my dad moved into a flipped house a couple years ago and it all looked nice but in reality the washer and dryer, oven/stove, sliding doors, etc. were all cheap af and they all started breaking like a year in. luckily there are no safety hazards yet like pipes breaking or anything but it still makes me really mad
My husband and I binged Selling Sunset this past month and when they talked about a 70 million dollar house, I turned to my husband and said "my mind literally cannot even understand the concept of how much money that is". Also then when they'd show 5 million dollar houses it almost turned into "affordable" based on how insane the other ones were 🤯 Also I think it's interesting, but not surprising, that in a show like that the only thing they show are the "glamorous" parts of LA and not once did I even see one homeless person in the background. Almost making you not feel bad about how rich all these people are when literally down the street you would then see such a contrasting image.
Agreed I had to remind myself that skid row is literally in LA 🤯
The thing is … 70 million is just the start. Insurance on that is HUGE.
Your electricity bill is 12k + a month and the insurance is 600k+ a year. Plus there is the cost to maintain. Then there is the moment where you can’t just be naked and take a shower because people are working out side.
It’s not as much fun as it sounds.
Yes! I said the same thing watching 20 something’s Austin. Where are the homeless?? Guess that doesn’t play into the aesthetic they’re selling of these cities.
@@AlexT-ne6ji they don’t want to show you the people they are trying to push out. They want to hide the consequences of their actions.
There was an episode where they helped homeless people and Crishelle talked about how she’s been homeless as a child. She actually talks about it a lot.
America used to be filled with small cities and large towns that were entirely walkable and had trolley lines. Zoning regulations made sense: the shoemaker lived in the apartment above his workshop. You can see how this supported local economies. In the postwar era, the auto industry spent a lot of money to make it so that the American Dream was redefined as car-centric economic prosperity. A lot of Americans dream of something else: life, liberty, and the pursuit of happiness.
Yes! It makes me so sad every time I hear about “X city used to have streetcars” - I hate that most of the country has completely shifted its infrastructure toward cars.
@@tiffanyferg I am cautiously optimistic, because as each generation passes people become less and less able to afford cars and to patch up the roads, so maybe at some point communities will realize they don't have to keep a very expensive system going if it really isn't working for them.
Streetcars run on 19th century technology, a tiny fraction of the resource input of car infrastructure, so it has the potential to last well into the future even after we run out of cheap fossil fuels.
Another factor is suburban sprawl, but as each younger generation realizes they can't afford a burb house, they might start to realize that older zoning models from pre-WW2 in the US were more reasonable and still respected privacy and dignity.
And it makes you overweight and obese. You're not lazy fuckers who don't want to walk to the next store or who don't want to walk to the next tram stop to drive to the next store. No, you have to take your car. Because it's too far to walk, too dangerous to bike and there's no (reliable) bus/tram/train whatever.
@@cloudyskies5497 Oh, and kids used to walk to school. As in "ten-year-old children". Your second comment here reminds me of that. That is also something people who are now teens might fight to get back one day. I was born in 1984 and walked or biked to school and back until the end of ninth grade, and my nephews (11 and 13) who live in the same city I spend the majority of my school years until the end of ninth grade are doing the same. I used to spend my lunch breaks at home (it was more than long enough and this was the norm for everybody) and so do my nephews. (Though they are sometimes at "day school" for their lunch break because their mother has to work.)
@@camelopardalis84 Yes indeed. Also the cultural perception of the age of adulthood...it used to be that kids who were in their mid-teens were considered adults and trusted to look after themselves, rather than needing looked after. Part of the system we find ourselves in consists of an almost endless extension of childhood, which feeds the notion that you can't do things or figure out how to do things yourself. Of course then the market "solves" that problem for you...buy this thing or service, and it'll do it for you!
It's so heartbreaking and infuriating to see these people completely gut my dream homes. To see beautiful Victorian and older homes being ruined is so frustrating.
If anyone ever even thinks about gutting my childhood home id be devastated its my goal to buy my childhood home again
I personally hate that aesthetic, well more 60/70/80s aesthetic, but I understand
Something also never mentioned is the lack of accessibility. Disabled (and some non-disabled) people cannot live in just any space. A wheelchair user cannot climb a ladder. Most homes and buildings and living accommodations are NOT accessible. In the US the ADA doesn't matter on homes and buildings are grandfathered in allowing landlords to put off accessibility changes indefinitely due to "cost". Rural, Suburbia, to Urban city centers the architectural world has followed that of the social and exclusion of disabled people continues on in cold concrete silence.
totally. accessibility should be the standard!!!
I’m a power wheelchair user in nyc and it is HELL. actually have had to move out for a couple of months because I found myself with nowhere to go. anywhere accessible is automatically “luxury”
My younger brother has CP and is in a power chair (mind you he is 21, pretty big, and his chair takes up alot of space). We've always had to deal with inaccessibility everywhere we go. Hell, even in our own home it's a nightmare. And don't even get me started on trying to go on vacation 🤦♀️
I have come to the point where owning a decent upper-middle class house in the suburbs is becoming a fantasy for me. The idea of these multi-millionaire megamansions just disgusts and confuses me.
I’m at the point where owning a falling down shithole in the worst area is a fantasy.
I’d settle for something liveable in the working class area I currently live in. By liveable, I mean safe, which is actually more than what I have now, because I’m disabled and as a renter, I can’t make any changes that would make my place safe for me physically.
We need to burn the whole system down and start again, because this really isn’t working. Or actually, this system is working perfectly as intended, and that’s the problem (and also why reform wouldn’t work- the system isn’t actually broken).
@@katherinemorelle7115 Bible, even owning a small cute studio apartment somewhere nice sounds good for me. American-style megamansions and western obsession with huge grand houses just isn't even sustainable. We should invest more into apartments and green urban growth, if you really want to own your own single-family house at least make it more compact and small. Even smaller single-story homes sound better than huge mega-mansions.
@@MotherGapshin12 although I’d personally prefer an apartment, and I abhor the urban sprawl (which is particularly bad here in Australia), die too my disabilities, a single level detached house would be best for my needs. I do need a bit more room than most, as I need an electric wheelchair, and they take up a fair amount of room.
I wouldn’t mind having a number of houses on one plot that shares a garden- especially a garden that provides food to the residents. I’d really love to be able to live on a commune, but where I am, they’re all very expensive eco communes that cost a lot of money to buy into.
same. i'm 25, recently moved to an european capital from a country with economic crisis. buying a family house (with a garden etc.) is an utopian dream for me.
... my actual dream is to own a place that has one single room and one living room with kitchen and bathroom. not sure if i can get it in my life but its the goal for me lol (prob cause its realistically what i can hope to afford)
I work in architecture in Tokyo and my reality is that I can’t even afford the toilets I see my clients buy. The point about all homes looking the same as well really hits home. Everyone is going for inoffensive, generic look. In the past 5 years the most common colour choices were beige, grey and “natural oak”. I remember someone ordered tiles from a company in the US known for hand-painted ceramics. They paid thousands of dollars for the tiles and air shipping and chose…. White square tiles. To this day, I resent it. Such a waste.
Thats... actually maddening lmao. I will never not be angry about ultra-rich people having the most awful and bland taste. I’m also willing to bet its a case of many people not actually planning to spend much time in these properties, because they own several, so they like it to look like a generic hotel wherever they go. Makes me so sad
Dude what? But houses decrease in value in Japan and get knocked down for something safer and newer, so you might as well make something you like.
@@lainiwakura1776 I agree but most clients still choose the “safe” options. Some legit give us “starbucks” and “hotel” and concept/references. I really don’t understand it. I’ve seen people backpedal from green as an accent colour for interiors because it was “daring” and “maybe I’ll get bored soon!!”
@@mimosa5174 are these places supposed to be rented to normal people or are the supposed to be airbnbs or whatever short-term rental thing exists in Japan (if that's even legal)
@@mimosa5174 STARBUCKS???? Noooo youre kidding, i’m so done lmao
The cult of passive income. I’m here for that video. I honestly try not to look at housing costs because it’s so depressing. It keeps going up and my income does not. Housing should not be a luxury at this point.
Fun fact: Most stundent halls in the UK would not be legally livable for the general population. They are built under the same regulations as prisons and hospital rooms, and can therefore be smaller and of worse build quality than normal housing.
Never mind the fact that people in hospitals and prisons have such shoddy standards. That is not disrespectful by the way just adding
There's a show where a woman actually takes homes to their old state, she know a lot about what finishes where used in which decades and she tries to stay true to both the motives and the material, she cleans up overpainted woodfloors and stairs, she tries to recreate interesting window frames, it´s a great show
Edit: I didn't remember the name but I literally googled "show where woman restores old houses" and found it.
It's called Rehab Addict, the host is Nicolle Curtis and it's a show from HGTV.
what's it called?
Yeah I would like to know too
@@maddy13287 It's called Rehab Addict, the host is Nicolle Curtis and it's a show from HGTV
my mom LOVES that show she’s obsessed with how she keeps the integrity of the house and does it all herself
It’s so annoying to me that for some reason millennials are still talked about as if we’re all 22 and just want to be free and enjoy life. Whereas in reality most of us are whole grown adults with full time jobs and kids to take care of 🙃
I'm convinced people assume anyone under 28 is a millennial & don't realise they're talking about a generation of people who age every year
Like teens. Millenials are anyone under 28. Not people born in the 80s & 90s
Lmao EXACTLY. Like pls we're in our 30s now we're literally trying leave us alone 😭
Good point, and literally no millenials are even under 25 anymore so it really doesnt make sense
I’m 22 and Gen Z, but ppl call me a millennial cuz they forgot millennials aren’t 22 now
Exactly, I just turned 38 and I'm a millennial.
The expectations around what is considered “livable” has really changed. Someone did the math and what Charles Dickens considered “extreme poverty” came out to ~$13.50 an hour in today’s dollars. We’ve talked ourselves into believing we don’t deserve fair pay. It’s wild c
and back then they didn’t have the same expenses we do either
it's not necessarily members of the working class who have convinced themselves that we don't deserve fair pay,,, it's capitalists and politicians who work everyday to prevent or reduce public welfare and higher wages from going into the public's pockets. they sell us these individualistic narratives that we could be paid more or achieve a higher standard of living if only we worked harder,, but it's so far from the truth.
Many places in the US are literal 3rd world standards. Where I'm from, Appalachia(Kentucky), apparently they have NGOs that do dental work. I never knew about this option though & suffered for months with exposed tooth nerves in my head. Had plenty of otherwise healthy teeth *pulled* bc I couldn't afford a simple filling.
I also worked as a waitress(I was the living meme of the "crying waitress" lol, peak social anxiety 😰) where I made $2.13/hr, in the late 2000s. We lived off tips & I didn't make much of those(someone once tipped me a frickin quarter to "send the message" bc I got his salad order slightly wrong 😑). So it was insanely hard. Forget living on my own with those wages, for sure. When I finally got a "good" office job, I was only making like $7.50/hr. Working full time, 40 hrs/week, still couldn't afford living on my own! Medical bills being garnished from my paycheck made it so I could barely afford food(I had the audacity of having to need emergency surgery once). I went hungry regularly. Once had to beg some drive thru workers to sell me a burger bc everything else was closed, bc I didn't have a car(after they lock up the store to inside eating, you have to have a car to order drive thru?? what a rule 😖). I was crying bc I was so hungry & afraid they'd refuse to sell it to me; everything else was closed so I wouldn't have been able to eat that day.
All this to say, the "poverty line" has been so skewed, bc the gov keeps lowering it. Rather than actually improving poverty, they just consistently lower the threshold to say the amount of people living in poverty has been lowered, when in reality it has not, whatsoever. In fact, poverty in the US is actually increasing!
I've since left the country entirely. I moved to India & married my now husband. I went from lowest economic class in the US to solidly "middle class" in South India(the "middle class" is a myth, btw, to divide the working class, see: YUGOPNIK's video on this). I can finally afford housing & to eat. So that's nice. 😅 Class is what really matters, rather than location... But I also prefer this location better, lol. 🌴🥥🇮🇳
@@JaseekaRawr Wow! What a story! I’m so happy that you survived and I’m so sorry for all the hardship and suffering that you went through. You should’ve never had to go through that in a country that is “supposedly“ the richest in the world. Glad that better days are ahead of you and your suffering has come to an end. 😊
@@JaseekaRawr the drive through rule is so dumb. I guess they want people to sit down to eat because that may encourage them to stay for dessert, but when they close the indoors and only leave the drive through open what are people without cars supposed to do?
What makes things worse is that many renters could afford a monthly mortgage payment for their own house, and it might even be less than monthly rent for an apartment, but most people can't afford the initial down payment. My mom's mortgage payment is $800 some a month for a 3 bed, 1500 sq ft home, while my 2 bed, 850 sq ft apartment is $925 (which is still "affordable", as rent goes). If a big down payment wasn't required, many more people would be able to live in their own homes.
This is why I got a USDA loan. However, many people are not lucky enough to have a rural area close enough to take advantage of that.
That's exactly the situation my boyfriend and I are in! It's so frustrating
This is so true! My husband and I were lucky enough to borrow some of the down payment for our house from my aunt. Our mortgage payments (which includes property taxes) is way less than renting.
THIS. Literally who tf has 60k lying around? Plus all the buying expenses, furniture, little repairs, taxes, big repairs.
Like wtf
Get a first time buyer loan. 3% down payment, or if they still have NINJA loans like in the Great Recession then you can get that NINJA (No Income, No Job, No Assets). Or of course you could buy a new home in one of those “0$ DOWN” subdivisions that pop up
My childhood home was built in the 60's and had an almost entirely pink bathroom. Pink bathtub, pink toilet, pink sink, pink tile, pink radiator. Only not pink was the white walls and a little bit of blue tile behind the bathtub. The house has since been torn down and rebuilt into a modern atrocity and it makes me sad, I really miss that pink bathroom.
that sounds like a dream, i have a pink tiled bathroom from the 70's. when touring the apartment i told my landlort that i LOVE the tiles, he thought i was joking. hope they never change them, but i am moving out soon so idk what will happen :(
i have a similar situation! i still live in my childhood house (i'm fifteen) and the bathroom used to have pretty purple and pink tulips and beige and peach tiling, but my dad renovated it to be all gray, black and white. and it wasn't even good! the floor tiles are uneven. i brushed a small section and all the little tiles fell off. i am just so obsessed with 1950's and 60's style home design, but it's so hard to find older houses now. :'(
I absolutely love the attention being brought to car dependent cities. This is the worst thing ever, and the eradication of sidewalks and walkability in general is horrifying. And you have that in your neighborhood, you have to pay a grip! Like, if I want to live in a neighborhood (thats still pretty small) thats walkable, usually in the more developed hubs of a city, I have to pay premium prices. Even so, if I choose to pay those high rents to live there, I can't even walk far, just the local starbucks or eatery but I cannot walk outside of the hub. Terrible. We have a few train stations, but literally in the middle of no where. Just to get to the train station, you need a car. How does that make sense???
i'm not from the us, and in my hometown we have pretty decent, although not perfect, public transport so i spent my whole teen years taking the bus and walking everywhere, especially bc the most important places i had to go were all near eachother. when i went to college i moved to an even smaller city, where you could walk just about EVERYWHERE, it was insane! the concept of somewhere being "near" was very different bc even if the place was miles away from eachother, there was plenty of space for you to walk there safely and it didn't seem like a long walk at all! (granted the city is also very flat and there are almost no hills, but still). i can't imagine if i ever go to the states as a tourist and i just can't walk anywhere or am forced to rent a car even though i don't live there, it sounds like hell
Something that really strikes me about these living situations, especially the tiny living ones, are how they ARE completely unlivable if you're at all disabled. Like if you can't climb a fucking ladder you're fucked! Imagine having IBS (or another tummy issue. or even being a person with a period?) in an "apartment" without a bathroom, WHAT are you supposed to do?! And if you have a medical issue that needs constant upkeep then it becomes way harder to have money to pay rent, which means you could just be...stuck. it's so shitty how LIVING QUARTERS are being built completely disregarding any sort of accessibility, and yet that's what's "trendy and cool and young", since 20 year olds cant ALSO be disabled, right? uhg.
And even if you break an arm or leg, how are you supposed to like live in your "house"? You basically have to be on perfect health all the time
I look at the world completely differently know that I have osteoporosis and on a cane. A good portion of the world is difficult to navigate. The grand Chateau's with all those staircases too!. I actually lived in a converted 1 car garage and it actually was spacious, because it was planned well with lots of windows overlooking a garden. It was about 300 sf.
Exactly, I have a condition where I have to have my own bathroom
tbf even for non-disabled people those kinds of housing are already inhumane. I don't have claustrophobia and I still can climb ladder but damn seeing that woman's bedroom where she only had like 50cm between her and the ceiling makes me sick to my stomach.
„since 20 year olds cant also be disabled“ same here, i hate this narrative that being young also means being completely healthy. it makes all the things that are already shitty enough for non-disabled young people even worse 😪😣
‘Iconic landlord behaviour’ hahahaha ohhh God I dated a guy for a month and then found out he was doing that…immediately called it off. I felt genuinely nauseous lol. It’s taken me so fucking long just to get a mortgage to buy a 1970s bungalow in Dublin w/ space for my dad to live with my family…I’m 32 and have been working since I was a teenager 🙃 This video fascinated me. 10/10 content x
Well as someone literally about to move out to go to college in Dublin
Now I'm scared
It really isn’t as bad as it seems lol. Just don’t be an ass with the rent u charge
Exactly. People think this is just america but nope, I was living in a 450pw damp af cold shoebox in wellington, and the mold is probably what gave me asthma because literally. I walked into 4 house showings in a row and didn't get them because the first person who came in wanted the places. Flat life is hell life.
@@atff99 yeah, I do this and make a decent amount. But I charge livable amounts.
That's some serious integrity if the story is true. I think the typical person would just overlook harm because they are benefiting in the relationship.
With the house hacking, I actually lived with a guy who did that. There were 5 people paying rent. It varied person to person, but the lowest was 500$ and the highest was 850$, he was banking over 2,000 a month, and wouldn't clean or do shit around the house.
Everyone left after we put it together of what he was doing. Most of us could barely afford the rent he charged, and he knew that. The cherry on top was the day after rent he went out and bought a brand new phone and was gloating to us all, and I think collectively that was the moment we were like "naw he's screwing all of us"
That's horrible. My friend told me about this hack, but I was under the impression that it was done more ethically. The owner would still pay for their part rather than completely leeching off of the tenants. Could you tell more of what happened after all of you guys left?
Ugh that sucks! Glad you all left but what a shitty situation
@@runway5338 well pretty much everyone that's left has done way better for themselves, on their own. But I think it's kind of funny that the guy who did that to us, they live pretty tight now. I'll see them ask for money for little things, and I honestly just think it's karma. The only time in their life they were a head was when they were really just scamming people.
*I saw they and them because really it was a couple, but he was the one in control
*to add to the fun, they also wouldn't neuter any of their cats, when I left there was 18 cats, and it was on the roommates to do all cleaning, cooking, and litter boxes.
I get why the couple did it, but I know they butchered friendships with many that lived there
Oh my god, it would’ve been hilarious if you’d all unionized. Rent strike! What are they gonna do, evict you all at once lmao
@@AlyssaHamilton thats the secret of capitalism. Only time people are ahead in is when theyre scamming people. If you make good money, I bet you could be making a lot more with the value you produce. You may be honest but that means your boss is using you to get ahead, essentially scamming you and the customer.
Can we talk about how “tiny houses” are just a flex for the wealthy and how people build these 150-200k sheds. I’ve even considering buying an actual trailer to live in except nobody tells you how much it actually costs to park a trailer. It’s practically as much as apartment rent! Love the video ❤️
Plus these new pre manufactured homes are outrageous too! Unless you come across used. We found several (smaller) houses with their own yards and shit for wayyyy cheaper than any of the new trailers without even considering the lot fees
Whenever someone says "tiny house village" I have to be insufferable and chime in "It's a trailer park. You mean a trailer park." lol
One time on that show with Chip and Joanna, the owner SPECIFICALLY said she didnt want any magnolia style. Joanna still made the home Magnolia styled and was shocked when the owner was disappointed. It feels like gentrification in some form, by forcing an aesthetic.
edit: added an extra sentence.
I mean why hire the magnolia lady if you don't like that style tho? Seems dumb and entitled too
That's the problem right there
For me even owning a car feels like it's out of my reach. Much less a house. I doubt I will ever own a house in my lifetime, but a girl can dream.
As someone who wants to own a house too this makes me sad X'D the struggle is real
It feels so fucked that this seems to be a semi worldwide problem too. Id LOVE to buy but seems to be impossible 😪 i am saf
Don't know where you are but please don't buy a new car, get one as old as you are comfortable with from a private buyer.
I own a little place now and trust me I never thought it possible. If I can offer some (more) unsolicited advice try not to get disillusioned and sabotage your long-term goals when it seems unattainable.
All the best mate 🙂
@@5thgearouttahere where are you living?
@@Channiej93 Australia.
Yep, I almost bought a flipped house bc it looked beautiful & everything was updated. But they definitely cut corners & used the cheapest materials. My inspector pointed out rotted siding, shotty electrical (so dangerous), HVAC unusable, the list goes on & on. It all would have went unnoticed had we not done had a knowledgeable inspector
Thank goodness you got it inspected. Lots of real estate agents will convince potential buyers to skip the inspection because “it was just updated”
How much are inspectors?
Same!
Imagine paying for an apartment that literally has less amenities or even space than a jail cell
Whatever you do, do not google how Norwegian jails look like xD
Omg yes, I hate how many of these shows walk into a kitchen and say "the cabinets have to GO" and they're in great condition. I know some shows donate them, but some destroy perfectly good cabinets. It's so wasteful.
Imagine looking at beautiful hardwood cabinets, doors, or furniture, perfectly stained and looks amazing in the house; then you take a paint roller, dip it it Blind Me White, and paint everything for a "modern touch"
The real estate market is so nasty and corrupted I swear, I’m 21 and in fear of ever owning a house not because I don’t want to but because I fear of being taken advantage of. Plus, a reminder of how persistent this path is: real-estate sketchy shit played a big big role in the 2008 economic recession.
Not you pointing out the literal absolute obvious at the end, everyone is well aware that the 2008 recession was caused by the real estate bubble crashing.
@@Pomagranite167 wow ahahah relax baby I wrote it was a remainder not me braking a news. Anyway if it’s so obvious to you just scroll down I don’t get why you being so passive aggressive for absolutely no reason ahahahah
Not to mention the taxes you have to pay to keep your house AND the insurance that could change whenever, like the doubling of most property insurance in Fl, it just all feels like a scam to suck all the money it can from everyone
@@sleepisnice8969 my Nanny lives in Florida and she was unfortunately mislead out of her fixed rate mortgage. Now she's struggling to pay it because her husband passed several years ago and she retired from nursing last year. She is so stressed out and unfortunately it just keeps going up 💔
Yes please make a video about passive income!! I'm so sick of hearing personal finance bros saying "oh you want more money? Just invest in some stocks or own rental properties!" I should not have to literally gamble my money in order to make a livable wage. Also people seems to forget there's more to rental properties than just buying a house and profitingTM, it's really really difficult, especially if someone trashes the place or you need to evict a tenant. I do not need that kind of stress in my life
That is why I stopped listening to Stephan Graham and the Millenial Mindset. I listen to The Financial Diet, they cover some investment stuff, but they give more practical advice about money and growing income. I don’t trust the stock market and I feel that push is that the more people buy into it, they have more to gain from it. I don’t think that the people that push passive income really understand that the greater the risk, the greater the loss. Not every stock is profit and people don’t have the extra money to lose. I think that people need more practical advice. Plus, some of those influencers/TH-camrs that push the investment strategy of passive income tend to follow the what other rich people do without realizing the effects on the average person. They are like “sorry about the homeless, …, but I am moving to Nevada in my 1M+ house that I built (for only 2 people)”, where they are enacting the same tactics from California and driving up the real estate market for these ‘cheaper’ states, while the local economy in these ‘cheaper’ states start to struggle in finding affordable housing. These TH-camrs/influencers don’t seem to get that they are part of the problem and selling advice that is continuing to be part of the problem. When it gets bad for them, then they move another ‘cheaper’ state and continue to create the same issue, all the while thinking its the government (or someone else’s) problem to clean up. This situation is an “everybody” situation.
Not to mention that in order to earn some "passive" income from investing, you'll need to invest over 150-200k :D especially the "passive income from dividents and stocks"
Yep, being a landlord does not sound passive to me. Not only do you have to do regular maintenance, but you also have to deal with tenants and any destruction or code violations they commit. I've know some people who were very happy doing it, and I've also known people who got completely screwed by tenants. Maybe it's just the people I know, but it seems more common for women who rented out their previous home to get screwed than men who buy lots of properties and flip and rent. Although, one male coworker once told me that if I ever wanted to hear a lot of sob stories every month, just buy a trailer park. Nope. Having to listen to people sounds almost as bad as tenants stripping the wires out of my walls and selling my AC components after not paying rent for months.
The personal finances and the 'finfluencers' trend, instead! This gonna be the top trending videos for 2022.
@@tinabean713 Landlords are leaches that steal the money of actual working class people without contributing anything. Dealing with tenants is the one thing they do, and most don't even do that! They ignore maintenance requests and do the bare minimum to not be actively violating the law (if a tenant is lucky). I can't imagine being arrogant enough to dismiss the lived experiences of people who have to live in trailer parks as 'sob stories', your coworker sounds like an asshole. To already be taking advantage of a vulnerable population by charging them for access to a human right is immoral as fuck, but to have such an elitist and condescending attitude about it is so shitty. The Dead Kennedys were right, eat shit.
You should do an internet analysis on people who become celebrities simply for being adjacent to celebrities, you know, the entire belt of reality shows, the ones listed in this episode included.
^^^^
Yes please! This is fascinating since it includes so many famous people!
That's a great idea!
Do you mean like Lance Bass's assistant on the Circle? Lol
One thing that is wild is that there are hundreds of thousands of homes for sale that are affordable in the US, BUT they are in smaller cities or towns just far enough away from job centers that it doesn't make sense to commute (California, sit down). If only we had a mass transit system in each state/nation wide that allowed for quick access to the job centers from these smaller towns so that populations can spread out a bit. Europe has this, Japan and S. Korea has this. Even the US Northeast (to a lesser extent) has this.
I live in a small city in NC and people are actually doing this. Unfortunately, those buyers are driving up the cost of living here and making it so locals can no longer afford housing. What seems like an affordable price for a house to someone from a more expensive place is actually substantially more than that house would be worth in a normal market. I have coworkers who work full time and are homeless or commute over an hour so they can have affordable housing. It is definitely a crisis in this city and close to that level in the surrounding areas.
Also, the pandemic has shown how many jobs can be done from home instead of an office. I feel like that would really incentivize people to move put to smaller cities and rural areas.
Or if people would stop making “gentrification” an evil sin. I am in a 51% Hispanic 48% black and 1% white neighborhood because my house was $75000 and it’s what I could afford i bought it by myself at 24 years old. My principal and interest payment is $355 a month. I’m less than 2 miles from downtown Houston jobs EVERYWHERE. But I love all my neighbors and now live here with my Honduran husband and our baby.
I don’t believe it’s gentrification if a white person or ANY person buys a house that they can comfortably afford.
It’s almost feels like some privileged white people made gentrification a thing to discourage younger poorer people from owning anything.
What are you talking about, there's tons of tiny towns in Japan that are cheap and dying because they're so far away from jobs.
I wish that were reasonable for small towns. Where I live in western MA (woods for days) the budget doesn't exist for projects like that. I have memories of my school running out of basic supplies constantly, roads are always in dismay, buildings go unrepaired
I've recently been watching a lot of those "TINY NEW YORK APARTMENT" type videos and it's made me really grateful to live in a country where I can get free university education, fairly good student allowance from the government and more reasonable rent prices (although I do think housing should be entirely free). My mental health couldn't handle working while I study so I can only imagine what kind of tiny hole of an apartment I'd have to live in if I lived in like New York or LA. Here in Finland I get a pretty good apartment with enough space and amenities and a walking distance to my uni, and my student allowance and summer job earnings are enough to cover the rent, other basic necessities and also some stuff I wanna do on my free time. This should really be the bare minimum for everywhere.
or at least in nations that can afford it, the USA can afford it. India, probably not to the same standards. I feel like they're trying to run the USA like Russia or India.
That sounds so amazing (as someone from the US). Just the idea of free housing and student allowances like??? That will never happen here tho. Too much of the American mindset is on you should work for what you have and screw everyone else. I even heard people saying that you don’t deserve to get paid for working… it has to be a certain standard or it is free. We are really getting to that mindset where labor and earning money to eat is an exceptional thing you have to earn or else do for free
@@leeannpelletier4117 TRUTH i live in the USA and it seems like this generation was shut out of everything.
Wait for when you start looking apartments when you graduate 😅 It is fast becoming impossible to rent larger than 40m² apartment in city in livable costs.
I grew up in LA and graduated college here…I will never go through that misery again. Working and studying at the same gave me a severe anxiety disorder while trying to keep up with LA rent prices. I decided that if I’m going to do my masters I will have to do it in Europe for the reasons that you listed. Fuck the US, I refuse to go to school here again.
One thing i think about a lot in terms of the 'minimalist' aesthetic or the tiny home aesthetic is that yeah, it's more affordable and can be more efficient and suit your lifestyle, but it also pushes this idea that lower income people should take up as little space as possible and be tucked away out of sight.
Yep, we’re thought of as inconvenient
I grew up in the Bay Area, about 20 minutes south of San Francisco. My grandparents generation moved here as refugees in the 40s and were able to establish themselves. But my mom's generation didn't do as well. I was born in the 90s so things weren't *as* bad as they are now but expensive enough that when my (single) mom got injured at work and had no choice but to go on disability, we became homeless, couch surfing a lot. Then I went into foster care, so I "got" to stay where I grew up and she eventually had to move 200 miles away.
As soon as I aged out of the foster care services I was on my own in a place that I couldn't afford and nowhere to go, no independent living skills, not even a car to move somewhere else. I was homeless for a long time. I'm doing okay now, still struggling to make ends meet, but a lot of my friends from foster care are homeless and a few have died.
One of the houses we stayed at was basically a crack house. I looked at it on zillow, it was completely remodeled and sold for a few million. I went back to see it in person and it had some kids toys out front. I can't explain why that hurt but it did.
Did you ever reach out to your mom?
i’m so sorry! our foster care system needs serious restructuring. i’m glad things are better than they were, and i hope they keep getting better!!
this is really sad i'm so sorry you had to go through that
Wow. A true testament
Why wouldn’t you move 200 miles away with your mom?! San Fran is a liberal trash pit of a city. Move somewhere with jobs and housing that is affordable. They have barely let any housing get built in SF since like 1980. Thats 40 years of little to no new construction (aka inflated prices)
Can’t get into shows like selling sunset. The exorbitant wealth on display in such shows is too damn much for me to handle without losing my mind over the disgusting wealth disparity that exists in this country!!! WHY
the disparity ain’t even that bad in the us sis 🥲
@@gdomenico3269 right, because the disparity of tent houses for the homeless in la against the backdrop of million dollar mansions isn’t a disparity at all 😒 FOH
america✨✨
Not just your country. Every country. Capitalism is a cancer.
@@RhianKristen yes i concur 😥🥴😵💫
As a disabled person living on benefits unable to even reliably make rent, I can't watch real estate shows anymore. It's just sad. I'm over here getting wistful over studio apartment rentals that allow cats. That said, I bet you'd love my grandma's place - almost totally unchanged since the 70's, green shag carpeting and all. Love it.
when SSI is $841 a month, SSD is $1800 if you're lucky, reliably making rent is like a fever dream
I live with my dad. Makes my rent 150 a week AUD. So me on benefits im killing it but as soon as I leave I may as well find a way to die
@@zirconium2014 ur the same as my step sister yet she complains about 150$ aud rent saying its “too expensive and she should live for free from mum…” and that I have to pay rent even though im only 15 and autistic aint no way i can get a job
Yup, I feel you same situation. They finally do a larger cost of living increase, but people who are not us don't get that we loose that same amount out of other benefits like EBT which people on SSI, SSDI, or just SS need to live, or you will have to pay more for Medicare health insurance out of your check.
it's 👏🏾 economic 👏🏾 genocide 👏🏾
I could really rant and rave on this subject forever, I have so much passionate anger over the state of the housing market and gentrification lol. But the biggest thing for me is just how all of this actually effects low-income people. My family cannot find Section 8 housing because the need for low-income housing has become so incredibly inflated due to the fact that the middle class can barely afford a regular home anymore. So meanwhile, literally the entire block next to us, on both sides of the street, has been torn down and re-built luxury Joanna Gaines houses-this brought up the property value on our home and now my mom, who is on disability, cannot afford to live here. But we can’t find ANYWHERE to go. The homeless population has been driven up so much where I live because of this problem of gentrification. We’re all asking, WHO THE FUCK is moving into all these luxury apartments they are building literally EVERYWHERE???
The small town I live in has historically had a fairly high percentage of low income residents. In recent years, under the guise of economic development, three multiple unit housing projects have been built, all well above the median price for our county. At the same time, the apartments where I live have canceled all low income contracts going forward. I and many of my neighbors are just lucky not to get relocated. So we have less low end housing and more high end, and a growing unhomed population (I won't use "unhoused" because obviously a lot of homes aren't houses). Of course, all the new residents in the expensive apartments and townhomes like to complain about the existence of unhomed people in the charming little town they were sold on. Oh, and our Section 8 wait list is years long. People will die waiting.
@@maryeckel9682 Sounds very similar to what was happening when I was in Minneapolis before moving back home.
Changed my minor to policy studies and urban planning last month because of this issue. Awesome video as always!
you'll be doing what your bosses tell you. If they want more sprawl and less sidewalks, that's what they'll expect you to deliver.
Good luck! I had thought about city planning because it's really terrible. A lot of places don't even have parks for people to get fresh air. I keep seeing gas stations being build everywhere though 😐
That's awesome! Being the change you wanna see :)
@@maythesciencebewithyou I'm gonna be real, there are some people who works rather die than let themselves betray their moral system so egregiously
We recently purchased a 100 year old house in Louisiana & I'm obsessed. They saved as much of the floors as possible, soaked & reattached the door brackets & details, & added a rooftop deck. But all of the character? Still here & incredible. A laundry room? Tbh I need that! I'm glad they added it! But that they mostly updated colors? We're absolutely obsessed. I'm thrilled & hope these homes keep getting saved. Our street has several being updated & just watching the process has been so cool! & I freely admit - I'm not a home diyer & could never have done this myself. I feel lucky to purchase from people who did!
Congrats on your home!! it sounds lovely
Ah! This is my dream! Best to you for becoming the new steward of a lovely old house!~ ⭐
Congrats!!
People need to start restoring these gems from the past and moving to areas where it's still affordable for homes.
Louisiana has some beautiful historic homes ✨
On the topic of character in older homes: I feel like there's also this trend of adding "faux character" to remodeled homes, like shiplap walls and barn yard doors (I have an irrational hatred for barn yard doors) and it just feels so........weird. Like people spend so much money tearing out fun, quirky details only to copy + paste the same Pinterest board crap that everyone else has into their house. It's just very odd and backwards. Also, I too love a nice 40's/50's pastel colored, all tile bathroom
@@sweetembrace6706 They offer no security and aren't to fire code.
I especially love the barn door hung against an existing wall without an aperture. You can move it back and forth, but it's just, like, another wall. Someone on HGTV did it a few years ago and now idiots with no aesthetics think that is good interior design.
@@sweetembrace6706 I mean you're free to look at it that way, but I find it corny as hell. Also pocket doors are good for accessibility, work like actual doors, and don't look silly in the middle of a suburban home
I had to stop watching renovation shows after a scene where (I think it was the property brothers?) there was this beautiful retro blossom-pink bathroom, with pink tiles and fixtures, very cool, and they took a sledgehammer to it. It was painful to watch, especially when they replace it with the most soulless, insta-dated, cheap-looking modern insipid decor.
NOOOO!
Lol the subway tile?
:( rip pink bathroom
@@sweetembrace6706 relax 🙄 were just saying we like a fun tile more than a white subway tile. And it’s more eco friendly to keep materials that are in perfect condition then to constantly be replacing them. Home Reno’s contribute to a shit town of environmental waste. Reflect on that.
@@sweetembrace6706 I refer to these people as "Menards shoppers." It's not that their tastes differ, it's that they have no taste.
It’s constantly a pressure to “move out, buy a house, become a millionaire, have kids and be married at 22” or maybe younger. I constantly feel like I am running out of time, that I have to be rich and have a big house and think about having kids. I am turning 20 this year and I feel like I am years behind. It’s so toxic and stressful for anyone
24, and I feel your comment so so strongly
It is😊
Just slow down and be smart with your money at that age. You might be able to do it quickly. It’s not hopeless and I highly suggest living with parents or roommates for a few years it’ll put you way ahead. The people who pay $1800 for apartment without utilities and have a massive car payment are going to struggle with 70k/yr
I actually worked at an antique store in Waco (i.e. where Magnolia is located), and the couple who ran the store single-handedly saved pieces of historic homes/buildings that people were flipping. Like people were dumping corbels, stained glass windows, and even a church steeple. It's kinda sad to see what people are throwing away. (also so bad for the environment y'all)
It’s so much fun looking at dystopian real estate, but honestly I find all the houses the same and really boring. Majority of the really multimillion dollar houses have an absent of character and charm, it’s the prime example of money can’t buy taste.
That NY woman living in a closet has haunted me for months - every time I see that video it makes me so angry. How did we get to the point where we're tricking people into thinking that's okay? That woman is paying to live in that hallway🤦♀️
First time on this channel, but I am a real estate agent and sell mid price homes in my area 700k-1.2 mil more or less. I was showing a home to clients and the students who lived there told me that they rented out their walk in closet to another student, so I couldn't see if that day. I was quite shocked, I knew that some people rented out their garages to make rent, but never heard of a closet before.
The problem is people don’t use rationale/reason and are willing to pay. If no one was willing to pay, this would stop.
@@AB-sm1qf it's called desperation
@@AB-sm1qf Yeah, let's blame it on the renters who have so few options in their price range and location that they're willing to rent out a closet to live in. Do you seriously think people wouldn't go with any other option if they could? What world do you live in?
@@AB-sm1qf People are desperate. I lived in an illegally small room, in a house that had an illegal number of tenants (and mice) because I could not afford anything better that did not require owning a car, which I also could not afford.
I'm constantly amazed at the level people can reach where other peoples' real estate and property can mean nothing but numbers to them, I had to fight for my life to get a 2-bedroom in my city that wasn't over $4k, and seeing the price of these places gives me whiplash
Oooh funny seeing you here !
One of the reasons I believe van life, living off the grid, tiny houses, and cottage core have become so popular because of the more realistic expectations to live a modest life but people also romantizing and being open to it now. I also like how it is a rejection to this sort of life by grinding by in a job 24/7 in hopes to afford a decent house before you die.
Omg, as someone who is finally able to look for a home to buy I cannot express enough how much I wish flipping houses never became popularized. I used to help my dad fix up houses as a teen (he is not a flipper, lol) and some of the work I see in these houses is insane. It literally looks like some of this work was done by todlers!!
As a Mexican architect, I hate the way most of our cities aren't planned for cars (tiny roads everywhere) BUT we can technically walk in most smaller cities and there's businesses everywhere, like you could have a small store right in your neighborhood and I find that neat lol. There's actually a project (don't remember where exactly) about making walkable cities more and more common, about having the nearest hospital, stores, etc no more than 20 minutes away, so the thought it there.
That's the reason I won't visit the USA, can't drive and I hear it's not walk friendly, not even footpaths, so it just has 0 appeal now.
Complete Streets! That's the program!
@@lonelyhighway I was thinking of a specific country which is gonna start requiring this for the new cities that are being built, but this is a pretty neat concept that I hadn't heard of, pretty neat stuff!
@@Ruby-xk8kn my closest Walmart is around 10-15 minutes by car & I was curious to see how long it would take walking. It would take MORE THAN AN HOUR just to get there 😭😭 and keep in mind that this is the most populated city in my state & therefore everything is way more "accessible"💀 I rly wish the US in general was more walking-friendly. It's one of my dreams... just being able to walk everywhere 😭😭😭
@@flowerjournal7949 come to europe, planty of walking here
As someone who's lived in tons of weird living situations - including living in a 10 foot geodesic dome I made out of yard signs in the backyard of a group house and on a hippie commune in a broken-down RV and on a tree platform, living with 30 people in housing co-op - one of the key elements with these alternative living situations is *agency* - one key element I always had was that I had an ownership stake - either by being on the board of the nonprofit that ran the co-op I lived in, or by able to make decisions by consensus in my housing co-op. We actually couldn't sell the house because it's preserved as part of a land trust.
Group equity housing co-ops or co-living (which used to actually just be shared ownership intentional communities before it got stolen by silicon valley) are a great solution for some people, but having a corporate landlord just making the money off of these housing situations rather than having agency in these decisions makes a huge difference in *how* you feel about things. When we decided to refinance our 11-person house so that our mortgage rate will go down, we had to raise rent on ourselves for financing reasons (debt-to-income ratio) - but that extra money we decided to use to install a gas stove and greywater system. Rather than just having a landlord who charges us market rate for a trash-rocket (as my dome was called) and sells it as "community".
People think just because they've faced hardship that they deserve no criticism and you should just be happy for them. Like no I'm not happy you installed laminate floors and a cheap kitchen then decided to rent it out for $2500 a month.
One time I toured a historic home we were considering buying (steep stairs, cool dirt floor crawlspace) and they put a barn door on the MAIN BATHROOM. I was dying inside.
Thanks so much for the shoutout! I don’t watch much real estate content, besides Stay Here which still haunts my dreams, so it was great to see this overview of it.
It was indeed a lovely you did there.
We've recreated the concept of tenements! Crowded, dangerous, tiny homes where people have no other options because they simply can't afford it.
The worst part is that the owner class act like they are doing the rest of us a favor and that we should get down on our knees and kiss their feet for granting us this much.
During our house hunt we saw so many of what our realtor called "lipstick on a pig houses" where someone inexperienced, lazy, or greedy bought up a starter home/fixer upper, did a shotty flip, and slapped a 6 figure price tag on it (where I live, North Eastern Pennsylvania, that's really expensive for a regular old 2-3 bedroom 1 bathroom house. Flippers are definitely having a profoundly negative impact in my area, where the average median income is about $20,000 annually)
You should do a second part focusing on this issue in Korea, it's worse than Japan tbh and it's so big people are getting angry to celebrities just for showing their home lol it's crazy
yeah the pod living just kinda reminded me of goshiwons
agreed! I lived in a tiny 1 room apartment in Seoul and half of my floor alone were 3-4 people families living in the same sized space. :S I felt claustrophobic so I can only imagine how they felt!!
I have a friend who lives in Seoul and she pays 700 bucks for a tiny space where the kitchen and the bedroom are the same space, she has to fold her bed every morning
throw cage homes in HK into the pile as well, the housing there is so bad (tho not sure about current state of things after the latest ☂ movement got shot down)
@@minmin-hd9bu i saw a documentary about "rich kids of HK" and they were showing their flats they bought for like 1 million US dollars and it was literally just a normal 2 bedroom flat
Since I was a little kid my biggest dream has been to own a house. Not a fancy house but just a regular, decent house. My family was really financially insecure and had to move around with family and friends because we couldn’t afford our own place for awhile. The sad thing is I will never be able to afford a home where I grew up (Southern California). And I even had a decent job for someone my age but the down payment cost is just completely absurd. If I ever want to own a home I’ll have to move away to some small town and even then idk. Like what kind of fucked up world is capitalism where people can’t even afford to live with stability in their own home community?
As someone stuck in a room with no windows, no airconditioning in australian heat this video hit hard. Ny living space has almost caused me to take my own life it was that bad
Oh yeah, it's summer for you guys.
I’ve lived in Waco, Texas for basically my entire life and I absolutely hate what Magnolia has done to this place. I always hated Waco because of the lack of culture, but at least it was affordable. Now we have *marginally* more culture but housing prices have gone through the roof. I’d move to Austin but I can’t afford to live anywhere right now; I’m staying with my mom. Chip and Joanna also bought a restaurant that was an iconic part of Waco’s history, the Elite Cafe, and changed it to Magnolia Table. I haven’t been there since they bought it so I don’t know what they’ve done to the inside but I’m mad enough about them changing the name and the sign. If you look at the real estate listings for Waco, there are soooo many old houses that have been turned into Magnolia knock-offs.
Magnolia is a dystopian cult.
ugh that sucks :(
im gonna say it: i hate those "house hacking" people. they know what they're doing is selfish and fucked up and they still do it anyway and don't care at all. that pisses me off
How is what they’re doing selfish and fucked up?
@@Michael-lp9bg watch.. The... Video..
@@michalovesanime I did, care to explain why?
As someone who's been homeless most of my adult life, it's just a little... frustrating, I'll say, when these well off influencer types essentially choose it as a fad. Like a quirky little phase. Kinda just makes my life feel like more of a joke y'know
I met this Swedish guy who was a "digital nomad" and he gloated about being homeless and how he lives in hostels and couch surfing and it's so much fun because he meets so many people wow so cool. I really wanted to punch him.
@@beasttitanofficial3768 I assume he wasn't actually homeless? That he could have changed from couch-surfing to living normally very easily?
Could have been worse, you could have been a "house hacker". At least you aren't an asshole. People like to talk shit about homeless people, but they aren't the ones exploiting the working class.
Had a "landlord" who got angry with me since I called the local government after 11 months of molds, 1 fire we hadn't been told about, a month of leaking lambs and hissing light switches, a broken door he refused to fix and some more issues. Ever since I've been anti-landlord, even though I'm forced to rent.
It's particularly distressing when house being stripped of it's personality was designed by unique architects such as Julia Morgan, creator of Hearst Castle, and turned into a replica of a corporate lobby.
The fact that people make a living squeezing every penny they can from people for a basic human need like shelter disgusts me. No one needs giant mcmansions out in the hills with an infinity pool when there are millions of people everywhere who can’t even afford an apartment. I’m pretty young, and to me my housing now feels like an unachievable dream, not something I could ever actually have. That isn’t ok. Basic housing being an unaffordable dream for some people isn’t ok. But then glorifying and selling back to people this horrifying reality of current life as entertainment? That’s taking it to a whole new level of bad.
Living just outside Boston area (about 10 miles from downtown) it is IMPOSSIBLE to get an “average” 2-3 bedroom house anymore.
Developers are buying these up from the seniors downsizing at waaaaaay over market value (like selling for $700,000/ buying at $800+)
They tear the “small” house down - selling the historic hardware, aged woods and all the copper pipes for a ton of profit and then install cheap drywall, pergo flooring, plastic pipes and Home Depot cabinets. They make it a 5/6 bedroom monstrosity and now every $700,000 2 bedroom cape style house is now a $1.4 mil eyesore.
Let’s be clear 700,000+ for a 2-3 bedroom is bad enough, but this outcome makes it outright devastating
*EDIT: as of early Dec 2021 2 bed/2 baths in my area are averaging $850,000-950,000 🤦🏻♀️
Yep that’s pretty much the classic formula! It is so horrible to see
My younger sibling got into BU on a scholarship and the culture shock is insane. 👀
I just read an article on Realtor that said the demand for houses within the $500,000-$800,000 range has skyrocketed. I have no clue who is buying these things. My husband makes 6 figures and if we were going to be smart we should all only be paying $2300 a month for a mortgage. With taxes included that’s about $420,000 house. What are people making and doing to afford these $800,000 houses?!
@@amor2874 800k is affordable on a 30 year fixed rate mortgage if both partners are earning 6 figures. On one salary, kind of sketchy. Tech worker couples can pull in average 200k-1mil annually.
Oof, that explains all the tear downs in my old neighborhood, also lived just 10 miles from downtown Boston. Most of those homes looked perfectly functional and in pretty good shape when they tore them down too, pretty sad and wasteful.
honest to god one of my biggest long term dreams is to find an old victorian farmhouse kind of place, and i worry about how many of the ones that used to be around where i grew up are either being gutted or totally demolished and rebuilt
Yeah there won't be any left. The only way to get ahead is to put other people in debt to you these days, fully parasitic economy
i once rented a room in the former house of an old lady , who moved to a smaller apartment after her husband passed away . she was the nicest landlord i have ever had . she always told us when window cleaners would show up , she told us a week prior if she would be passing by to collect mail from previous renters , and we never had a problem . never had that experience with my privacy being respected that much again .
As a person who actually lives in Waco, seeing old homes flipped into Magnolia homes is like an everyday occurrence.
That's terrible
tiny living isn't accessible for disabled people either, and usually, no apartments or homes can be accessible on move-in. Not to mention SSDI doesn't cover a single-family apartment rent anywhere in the US. The housing situation horrible right now.
The blatantness of "house hacking" tiktok is disturbing. Capitalism got us to a point where people act enthusiastic about riding free on selling BASIC HUMAN NEEDS to others
And get mad when you tell them it's wrong because they justify it all with "the grind"
Had always been like that. It's just that the advent of social media is giving exposure to people about what they actually do to afford luxury watches and cars. Hence there's a distinction between the "new money" and "old money" people. The former are the ones who got big by investing big techs and such. Take Gary vee and his likes of entrepreneurs/scammers. They always go out screaming about their wealth. Which is how the term flexing came into existence. The latter are quite secretive, they don't even show themselves to the world. Take sacklers for example. Multi-billionaires who most wouldn't have known about if it wasn't for their shithousery in opioid crises.
I can’t see what’s bad with house hacking. If I get a 3bed 3 bath house and rent rooms for 600 to friends. It’s cheaper for them and cheaper for me. It makes perfect sense to me
@@atff99 First of all you should look at what is the average price for a room in your area and then why not divide evenly between the people who are living in the place. The concept of house hacking only works if you overcharge the people youre renting to because otherwise you wouldn't make extra money.
@@Laura-gd4ku but the other people didn't save money for a down payment, aren't responsible for fixing things, getting insurance, proprety taxes and everything else that comes with buying a house. why should they pay less than the owner? saying this as a renter that understands real estate is often an investment, meaning you expect to make money off it
Expensive real estate content is unfortunately enjoyable, but it takes the conversation away from the global housing crisis. I live in New Zealand where the average house price in most cities is 1 million dollars. That shouldn't be normal or okay.
tell me about it I feel like it's a global issue. I wonder how other people feel but in the UK it is soo common to rent even if you are in you're 30s due to the price of housing these days
@@brooktawodzera9296 It does seem like a global trend! Either the culture and pressure to buy a house needs to be alleviated, or investment properties need a cap (this is a huge debate in NZ). Ideally, banks and government work together to support first home buyers, but this is easier said than done!
It's getting pretty crazy in Brisbane too, we were doing ok compared to Sydney and Melbourne but now everyone has decided to move here and the prices are going crazy, my small one bed unit has increased 100k in only a few years judging by comparable units in my suburb now, it's just not right. I didn't buy as investment I bought as a place to live, so I don't want the prices to rise for my own sake when it means other people are getting locked out of the market.
@@Ruby-xk8kn and that's what it should be about - having a roof over your head, not profit.
Same in the Netherlands. All being bought by investors.. our government is doing nothing about it either. A normal/average 3 bedroom house around Amsterdam is on the market for nearly 1 million euros. Insane! I live in the south you’d think oh no problem there right? False! A normal house will be on the market for about 5/6 grand. Where does a normal person get that money from?
"At least they're housed!" I totally get that idea, because my work involves the houseless. And we would NEVER house anyone in those tiny apartments. They would not qualify for federal aid!!!
These are like Roman cellae in insulae. Small spaces in hazardous buildings (that burn down every so often). And here we are, 2000 years later.
as someone blessed to live in a home with the original 1960 pink and green cosmo and wanda tile bathrooms, i genuinely fear letting it fall into a flipper’s hands
These horrifying examples are the reason I love Marie Kondo’s show so much. The families featured don’t get new things and they don’t go through an unattainable process to make their spaces so much better. They work with what they have an are able to find peace in that.
Honestly, these shows about ridiculously expensive real estate makes me want to grab my pitchfork too. If I wasn’t thinking about going vegan, I’d eat the rich.
When you said “at least they are housed” that made me think of people who have been house less in my city and then get housing. Those apartments they get housed in are often horrible, falling apart and infested with bed bugs. As a result some people prefer to even live on the streets to living in these apartments.
Who is going to pay for that though? The elite class could give 0.0000001% of their money and house everyone. But it's the middle class who would suffer from paying for a lovely complex of apartments for homeless people lol. The homeless would end up better off than the lower class lol
Fun fact
House hacking is illegal in Italy, absolutely prohibited
Maybe it’s the same for the US, and these influencers are just doing illegal stuff
Lmao, that's a sweet thought. The US is and basically always has been a very classist country, so this type of practice is par for the course.
What’s usually prohibited is “sub letting” where you are paying rent to landlord and you get an unauthorized roommate and charge them rent or split the rent. They give reasons like “background checks” or occupancy limits but really they want to be able to make money off of the other people living there
sei sicura? potresti darmi qualche indicazione a riguardo? che io sappia è pieno di gente che affitta camera libere in casa propria per esempio agli studenti o ai trasfertisti e ho sempre pensato fosse normale.
@@luciadellalbani7667 I had to look up "house hacking" and looked like something that absolutely would be legal here in Switzerland. And the thing you describe - renting a flat and having subtenants - is one of the two most common ways for people who aren't a family to share a flat. (The other one is renting a flat together. Almost no-one owns their flat here.) One person rents the flat and is legally considered to be the main tenant. That person's two roommates are legally considered to be his subtenants. This way of renting a room in a flat (plus use of the common rooms like the bathroom, the kitchen etc.) is in my personal opinion the better of the two main ways people share a flat. That way, you're either the main tenant who is responsible for paying the full rent of the whole flat (downside) who can kick out anybody at any point (upside) for reasons like "I dislike them" *or* you're a subtenant who can just end their rental contract as a subtenant whenever there's a problem. So while you can't kick anybody out and stay yourself (downside), you can always flee (upside) and are never in the position to have to pay the full rent for everybody (upside). What is illegal, however, is for the main tenant to make money off of having subtenants. And I am not sure if I could have two subtenants who both pay half of the full rent, with me paying nothing at all.
The USA is run like Russia or India, if you have enough money you cn get away with literally anything.
Along with tiny barely living spaces, I would like to add Hong Kong onto the top of the list. Hong Kong has one of the highest costs, if not the highest cost compared to its living area. Especially, the "Monster Building" is known to be one of the smallest areas but also extremely expensive places to live (due to its growing popularity from Transformers/social media influencers).
Going off the house flipping aspect, my parents sold their home (my childhood home) because they never had the financial means to keep up with the problems that it had through the 20 years they had it. My siblings and I had all moved out so they no longer needed a 4 bedroom house. When I say this house had a lot of problems, not just cosmetic issues, I mean it. They people who bought it were flippers and ended up purchasing it sight unseen (so they never even looked at the house in person) and then proceeded to flip it. With all the issues it had (sever plumbing issues, rotting ceilings, no central A/C or heat, water heater issues, severely cracked driveway, etc.) it should’ve taken them at least 6 months to fix it all, but they did it in 2. I looked at he virtual tour of the house after they put it back in the market, and I could tell they did a lot to make it look better, but not a lot to make it structurally better. I could see where they just painted over some water damage on the ceilings/walls from leaks is the biggest one. You wouldn’t really notice it if you didn’t know it was there from the beginning, but it just upset me that they were in it for the profit and not for making a good joke for someone who was actually going to live in it.
My boyfriend and I got VERY lucky last year and got a (fairly) reasonably priced house this year and it has a completely 70s basement that the original owner never touched. I'm so glad we get to preserve it too instead of painting it white or tearing it out because I love it!
I died at the seven-plex. Why can’t we all just find a place to live? I worry about my chances of being able to afford a house at this point.
Hell, I worry about being able to afford an apartment when my lease is up
Lemme tell you, pre-pandemic Dublin was INSANE (still is). "Fuck landlords" is well and alive in the zeitgeist of younger people. Anything less than €500-600/month is almost guaranteed to be a shared room. Seen some fucked up shit, like shared BEDS for rent, sketchy male landlords/leaseholders looking for female tenants...
Edit: I used to live at the very edge of Dublin and they finished building loads of apartment blocks (like 5-6 floors ish we're not at high rise level yet) there so I was like "oh cool more housing!" lol NOPE all of them built to rent by developers - starting from 1.6k/month for a 1 bed.
First place I lived in 5 years ago (still at the edge of Dublin), the rent was 500 bills inclusive cash (always a red flag tbh) - it was a 5 bed house, but 8 rooms were rented out (1 of which was a literal conservatory??) and I had 13 housemates... Literally never met the landlord proper, they sent people to collect.
Honestly prices approaching London levels with nowhere near the amenities or appeal.
I mean, my rent went up in RURAL nc by 500 dollars these past 2 years.
I'm considering getting a roommate to 700 dollars a piece. (But each would have a room and bathroom)
Dublin is the absolute worst 🙃🙃🙃🙃🙃
Have you heard of CATU here in Ireland? It's a community action tenants union here in Ireland, I'm a member and would 100% recommend joining! Just one example of many but to give you an idea, CATU put pressure on landlords trying to illegally evict union members during the pandemic. The situation is so bloody disheartening here in Dublin, but something that gives me a lil bit of hope!!
i was gonna say don't hate the player hate the game (dont hate landlords hate the property taxes and mortgage brokers)....but...shared beds? seriously? I'd be raising hell...
I feel this. I live in a smallish PNW town that is slightly rural and the rent here has gone up to insane amounts. They keep building new places but none of them are affordable. Studio and one bedroom apartments are going for $1500+ which is about the same as the Portland Metro area. It blows my mind.
"Home hacking" isn't new. Every landlord or landlord/roommate always makes a profit off of their tenants (especially in college towns). I wish it was easier to buy our own homes rather than rent.
Right? I know people who have been doing this for 20+ years. But they are highly over simplifying it and the potential liability.
In the uk, some mortgages does not allow you to rent out your place while paying for a certain amount of time.. So you would have to do it in a shady way, which might be fine for a few people... But i guess it does not worth the risk...
People also don't realize the work a home takes. Like yeah I guess I could sell it and I don't need to settle down, but that's a ton of work. Not to mention I need to live in a large city where buying would be insane to suggest. I also enjoy that landlords preform maintenance! I just don't like that they overcharge and rip people off.
@@nataliee5236 Yup. A lot of people thinking the typical landlord is getting rich are idiots. Yeah, renters pay mor than the mortgage, but so does the landlord. Insurance, interest, taxes, maintenance, etc. It adds up. A lot of people go bac to renting for a reason.
@@Author.Noelle.Alexandria so true. Maintenance, utilities, upkeep, insurance, being eligible for a home in the first place. There’s always a chance you’ll have times without renters - it can take YEARS to pay off a mortgage. If your using the rent strictly for monthly expenses to “hack” - what happens when there’s a roof or structural problem? You’ll need more capital. I pay almost 15k a year in property tax alone !
I’ve been going around saying “none of this is real” in relation to the housing market (as a Floridian who’s effectively being pushed out by rising real estate costs) and that’s been giving me some comfort. I actually love my town but there’s no way I can afford to buy a house here after I graduate.
And all the old white people retiring there and taking all the affordable real estate will tell you some bullshit about bootstraps while waving you on your way out of town too. It really sucks
Landlording in and of itself is arguably immoral (see mine & Thought Slime’s vids on this for more detail). “House Hacking” might be a new term, but people have been doing this practice for ages - paying for their home by renting out their rooms or an attached unit. Where it gets super immoral is when investors accumulate multiple properties, which they don’t even live in, just to be able to rent out a place for more than it would cost someone to buy. This manipulates the housing market, which has rotten results for common people.
I feel this in my soul. My s/o and I have a farmhouse from the 1930’s and we’ve been living in it and renovating it and it takes SO long to do it right
We live in a 1920s farmhouse, we can’t really afford to do the repairs but we also can’t afford another home in our area 😑 we make over $100,000 a year. It’s disgusting.
Fire safety be damned. We need to put people in dorms that could severely impact students mental health, could cause breathing issues without ways to ventilate rooms should someone accidentally burn food/put on too much perfume, and not to mention - force people to congregate in public spaces in the middle of a pandemic in order to access and drop of sunlight.
In most places, I have seen a bedroom needs a closet and a window. I am shocked that thing sorry excuse of a dorm has not gotten hit by at least one safety violation. But that's what you get when someone who wants to play builder writes out the plans for a living space. He's never gonna live there, so it doesn't directly impact him.
"It's called house hacking!" It's called...being a landlord hon, don't try to make it cute.
This video blew my mind. I had no idea how privileged I was to live where I do. I literally own a 3 bed. We bought it for £195,000 and the mortgage is £775 a month. I literally live by the sea too 🤯 I knew housing prices were high in other places but I didn’t quite understand how high! My entire house costs less than one of the pods. That’s insane. I guess it’s all relative to jobs etc and jobs wise our area isn’t great. Even full time jobs as like a teacher only pay £25k a year.
Home size is an interesting topic, when i see on some US home design show them mentioning the kitchen being 'only' 500sqft, that's the size of my whole apartment, and it feels completely liveable.
My boyfriend and I, as 20 year old students, in Australia, literally have no clue how the fuck we’re going to afford to buy a house in the future because the housing market here is insane 🤯
The pods aren’t so bad once you get used to them!! And windows were a simple human inefficiency
Yeah, all windows and living space ever did was boost mood and help mitigate mental illness. LOL who would want to do that??
Inefficiency, Fire hazard. Tomato, Tomahto.
Greg you live in squalor
People might enjoy
Evicted: Poverty and Profit in the American City. It's a really interesting read, especially the chapters about the landlords. It's insane to read how they speak about their tenants, how they manipulate section 8, and the way they justify it and treat their tenants like cash cows.
OMG yes I loooved this book! So eye opening. I also love Sidewalk by Mitchell Duneier, which covers the lives of homeless black men who make their livelihood selling things on the streets
@@Shg228 Thanks so much for the recommendation! It looks really interesting; I'll for sure be tracking down a copy
yeah second this, I've reread it so many times!
Adding this to my to-read list!
Thank you for bringing attention to this. Have been coming to terms with the fact I will never own a house, despite making over 100K. The house that should cost 400-500K is now 3-4 million where I live in Florida. They are all being bought by banks, hedge funds, and foreign nationals so prices just go up. The 1% have so much money now that buying up ALL real estate in the US is not that far off really. The middle class we knew growing up is gone, its working class or ruling/elite class now. Is what it is.
There's been a housing boom in the uk, (flipping/buy to rent/second homes) and its the worst possible thing to have happened at a time where people are struggling with money. Valley homes in Wales pre pandemic were about 40,000-70,000 now they are closer to 130,000. Its pricing people out of home owning, for generic garbage no less (and is in no way disability friendly either). BUT people also cant afford to rent as landlords hiked prices and the quality is terrible (partly to max profits) and because builders/suppliers put prices up because of supply shortages (/greed lets be honest) so you end up with cheap materials. Everything now is so tied to the nuclear family as well, there is no way a single parent/an independent elderly person/someone on a low wage salary is ever going to be able to afford anything to do with homes.