These Tenants Are Fighting Corporate Slumlords
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- Kansas City tenants just launched the largest rent strike in decades. They're burning up their rent notices to demand a new landlord, a national rent cap, and the right to collectively bargain their leases. And they could change renting in America as we know it.
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Get a job, work endlessly, not enough money, work even more, then become too old and tired to continue…The American dream!
Just because you live in subsidized housing doesn't mean you don't work two or 3 jobs already.
@@willettacartermolina3375did you write this under the wrong comment?
and then tell people fighting for better wages they don't deserve it.......(how the general public treats Union members)
They call it the dream because you have to be asleep to believe it.
Yeah, sure. 90% of the people complaining have poor financial skills and take out loans and credit to buy cars and things they don't need and can't afford getting themselves trapped into endless payments they will never get out of. Live within your means and invest your dollar and you can do better than ok.
The fact that for profit businesses can be subsidized by the government and not be subject to rent caps is crazy
Because there is no cap on inflation which increases all expenses.
@@WhiskyMystery Please. They've been price fixing through companies, for one Realpage. Damn bootlickers have so many one-line thoughts to regurgitate... So gross.
I say $500 for most of the country and $800 in big cities most people make $1,200 and $1,500 a month
@@WhiskyMysteryand you could build that into caps
Government is subsidized by companies, and individuals. In turn individuals and companies are subsidized by government. Sure it doesn't make sense, but just letting poors have everything would lead to Idiocracy.
My slumlord makes $250,000 a month. Has been violated three different times, serious violations. Just got violated for a fourth time, rats and mice, holes in roof, falling down chimney.
Worst? He let siding rip off and exposed to sheathing for four years. Now we got black mold.
Been looking for two years for another place. Got three housing agencies helping.
Went to look in my hometown. Rich came in, destroyed it. Big box stores, hotels, doctors offices, banks, resturaunts. Wiped out most of housing areas to do this. 1,400 people in some form of homelessness.
Got him in court Wednesday. Hope the judge slams him. His name is Michael Roy, owner of 14 Dunkin franchises, 823 Donuts. Slumlord lives in a mansion three times the size of the house I am renting the apt in.
story of america right there, at least for people like me and you.
the day i found out that when conservatives say “economic freedom”, they were never talking about us, was the day the world made a lot more sense.
economic freedom for the boot on our necks
❤ wow my heart goes out to you. Fight !! Housing is a human right !
With all those issues, I would be out there in the next day …
@@rickyramirez4850 Try finding an apartment. Housing and I have been looking for another apt for 2 years.
@@baddestjoanna-michellesmit5578 I am hoping he is charged with false swearing and perjury.
Wonder how chaotic this would get and what would happen if this was millions of people instead of 2 apartment buildings?
I think we should find out.
Yes!! Need more people every where to join in. By the millions!!
@amandabaker3880 If Trump wins, he'll shut this down. He'll get rid of Fannie Mae -- that's in Project 2025 -- and make rent strikes illegal.
@@amandabaker3880We should. But if Trump wins, he'll shut it down. He will do everything possible to make landlords untouchable.
Wimp@@sarahm.5356
I've been a residential landlord in the past. There occasional months where I was not able to keep the rent paid to me because of having to get things fixed in order to keep the place habitable. That's just the way it is. It's an obligation. I have no sympathy for landlords who refuse to maintain their rental units.
BEST OF LUCK TO THESE PEOPLE!!
I’m 36, and this video is the first time it’s occurred to me that I could/should get basic problems fixed by the person I pay rent to, who actually owns the building.
Absolutely. Be sure to check some of your local laws to determine what they are obligated to fix. Naturally, they won't want to do anything that they can get away with, so they hope you have zero concerns and just keep paying rent.
How? Most landlords/rental offices state that they’re responsible for repairs in the lease…
@@shaudemarie8844 Yes they do. And by the way this car I'm selling was owned by a little old widow lady that only drove it to church on Sunday and the grocery store twice a month. I promise. 😁
Read your lease to see up to what dollar amount you may be responsible for before the landlord gets involved with repairs and cost for repairs
Just ask.
From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Wow that's awesome
But I still love my mentor Sophia
I Hit 210k today thanks you for all the knowledge and nuggets you had thrown my way over the last months. Started last months 2024. Financial education is indeed required for more than 70%of the society in the country as very few literate on the subject. Thanks to Mrs Sophia for helping me achieve this
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been
It is really refreshing to see a comment about Sophia I have worked with her also. her approach consistently keeps you ahead of the trend, She's the best i'll say..
My sister moved into a roach infested apartment right after she graduated college. They wouldn’t fix it and wouldn’t let her out of her lease. So researched the laws as much as I could- typed up a demand letter- and served it to them. 24 hours later my sister was moving out with no penalty on the lease ending. I don’t know what scared them but I sounded very lawyer like 😂. Just upholding my sisterly duties 😊
Ban corporations from owning residential property
Yes this.
This
Actially just stop owning things. Ownership precludes belonging. Ownership of housing, ownership of land creates these problems. The problems will always return even if you win some of these victories, otherwise
Hell no
I will own things.
I worked for national banks in the mortgage industry, got sick of it after the mortgage meltdown. I thought to myself, if everyone just said "screw it" and stopped paying their mortgage, taxes, credit cards, what could the banks do? Answer, Nothing... they'd be screwed and this whole system would collapse. What stops us? FEAR False Expectations Appearing Real. Solidarity!!
Issue is people don't have the money outside of those credit cards
They have all the power
People don't realize how much power we, the people, actually have.
If we could stop buying into the manufactured outrage and media induced division, we could work together and create an infinitely better alternative.
would be interesting. sadly that amount of cooperation from humans could never happen.
@@T.R.75with that conviction it never will
This is inspiring, every town should have a tenants union
Just because you live in a subsidized building does not mean you should be forced to live in a building full bugs, rodents, vermin, mold, filth. I am so fed up with this property management companies thinking they have all the power.
You get what you pay for. You traded a lower rent for a lower quality of building. This has happened every time government has gotten involved in the market - whether in the US with rent and tenement housing or overseas with communist countries with price controls. Quality costs money and unless you think the landlord is your slave, you better pay for it!
If you pay a lesser amount than what is necessary to upkeep the building then yes you should live in suboptimal living conditions. No matter how you put it, the fact is upkeep costs money and if the building isn't making money the upkeep wont happen.
They do.
Explain who does the subsidising please.
@@commentinglife6175 idiot
There is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Retiring comfortably in the US these days is almost impossible.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here
How can i reach this Abby Joseph Cohen, if you don't mind me asking? I've known her by her reputation at Goldman Sachs
@@EalDieguezWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@@EalDieguezWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find her details to set up an appointment.
@EalDieguez Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find her details to set up an appointment.
To say nothing changes with the greedy rich is an understatement. It only gets worse, particularly when replacing old well built apartment buildings with flimsy new ones built with substandard materials.
Corporate greed just knows no bounds. The government subsidies for those corporations is criminal
This is like my apartment!! Roach infested in the walls, rats in the walls, mold, was left without electricity for 4 days. My floor floods every time it rains. My windows are falling out the pane. The unit is not sealed properly. I pay $1425 for a 425sq ft closet in the hood. It’s disgusting. We have to collectively do something!!
I’m not saying you should do a strike or anything……
Something to think about however
I wish the strikers the best and hope they succeed in changing this country for the better!
Can’t believe nothing is being done about the repairs while millions are spent on marketing?..
Oh, I can believe it. Look at this country.
They are still being paid. They only change when rent is withheld. Money is the only thing that gets their attention.
Spending millions to save a dime.
There are places that build large buildings and then refuse to reasonably price them, so they waste resources and land for junk no one will live in. It's appalling
@@PossessiveK It's not a waste of land. It uses the land, without actually adding any housing availability. It's genius!
Finally! The people standing up for fairness!! The whole country should do this.
NO TAX MONEY should go to corporate landlords! All corporate landlords with over say50 or 100 units should be required to respond to all complaints within 24hrs for emergency situations or 2 business days for non-emergencies. Failure to respond should result in the tenant's automatic appeal to a powerful renters' board.
Naho, then they'll just split their company up on paper, into sub-entities that each own 50 - 100 units and go on as before.
Tax money shouldn't be going to any business....
Having Exceptions is bad enough, when you look at many of them, but getting money back?!
The fact there are companies out there with *negative* tax rates, as in each year the government pays them, insane!
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
Personally, I can connect to that. When I began working with "'Sophia Maurine Lanting," a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
Please how do I connect to her? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.
My CFA ’Sophia Maurine Lanting’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Tentant Unions should exist because almost all landlords collaborate through software that sets market values instead of competition.
no, they shouldn't exist. the fact they need to exist means something else is fundamentally broken. this should not even be possible to happen. the landlords should be fined every day for every apartment that is in poor condition. and no landlord should be a corporation.
the rental rate is set by the Federal Government, called the FMR through the HUD dept. Landlords follow this guideline which is set by the Feds. So blame the Government.
@@Tuisto RealPage is being sued by the DOJ now for antitrust practices of collusion and price fixing.
This is price fixing
... it's insane.
@@TuistoHaving gone to school for finance and having worked within the MBS sector for a period of years, that's a gross oversimplification.
Rent is not actively determined by the HUD, but is rather a combination of pre-determined "fair market" percentage rates of the local median rent. The HUD, as well as local housing authorities have some leeway in setting the percentage of the median that affordable housing rates are determined by, but have no active influence in the actual "free market rate" itself.
That is determined entirely, and often arbitrarily, by landlords.
We did this in Williamsburg Brooklyn in the 80's & 90's and it WORKED! Got c😂ontrol of our buildings and went co-op and now the people there OWN their living spaces and haven't been happier. Keep kicking ass.
The only way to change this system is to say no more and work together to make our situation better. 99% of us are slaves to the 1% and we shouldn’t think the American dream is anything other than keeping everyone else down.
And far too many vote for someone to lower taxes on that 1%.
@@Bill-im6nt honestly the votes aren’t even real. The two parties are in cahoots and we need to unite over that fact instead of finger pointing. At the very least the enemy of my enemy is my friend, and it’s rich vs poor rn
Local code enforcement is also failing to protect citizens
If it's anything like my city, they don't actually do inspections. It's more on a mass of complaint basis, but that also means it is probably selectively enforced, which is terrible. Some drastic change is needed to make public officials accountable.
Depends what codes. Landlords trudge through apartments with the fire department here every couple years to scream about anything put in front of windows, if a storage closet is blocked off, or any other meaningless "it's for safety" reason. Evidently we have to live like there will be a fire any second, so the fire department may need to go through a window and search every closet for scared kids. Really, it's a legal loophole for landlords to gain access to spy on tenants without needing to invent an "emergency."
@@monkey_man70-1 A change is coming! The 2nd amendment will be abolished, and AI automatons will enforce loyalty amongst the rabble!
HERES THE REAL ISSUE
@@kcsunnyone Most government inspectors of any kind are up for sale. Don't be naive.
United, we bargain. Divided, we beg.
One of my slumlords let us sit for days with sewage backing into our tub and the neighbor's tub and let black mold grow through the entire building. Abolish landlords.
What a brave and fantastic group of people! Thank you for standing up and pushing for real change! 👍
Rooting for these people, I hope they win all their demands!! Tenant unions are such a powerful force 💖
Proud of these ppl renters from all over the nation need to stepup support these ppl nothing will ever change unless we join in "I've had enough I WON'T TAKE IT ANYMORE"
WHEN WORKING CLASS STRIKE GOVTS & CORPORATES CHANGE
Yes! Everyone should do this In AMERICA THIS HAS TO STOP
As Martin Luther King, Jr, noted, we have socialism for the rich and rugged individualism for the poor.
No form of housing should be a commodity. We need to support social housing/housing co-ops instead.
You for you guys !!! I'm so proud of all of you !!! And you WILL win. Bc you all are the truth. The truth always wins. And now, these truths will be addressed and then changed when it is addressed in a peaceful and organized fashion. Good for you ❤❤
The irony of the building being called QUALITY hill towers 😂
That's the trick! As a word "quality" applies to bad as well as good. 😅
@@johnchandler1687 oof good point 😂
Kwality
It is incredibly ironic and sad because Quality Hill is a historic neighborhood of KCMO and its so sad to see a historic working class neighborhood transform into a corporate slum. This housing should be affordable but in the modern era there's no reason to have housing conditions worse than it was 100 years ago for prices higher than local wages
The Hill is pretty nice. But the towers are lacking
rent strikes need to become the norm. we cannot continue to comply and still be ethically non-culpable
End/limit corporate ownership of residential properties ✔️
Good for them 👏🏼👏🏼 A home is one of the most sacred places. Everyone deserves somewhere to lay their head that’s safe and healthy. I’ve dealt with similar issues while renting over the years.
This is where complacency in civics at the state and local level let in the wolves. It used to be landlords (in my state) could not raise rent more than 5% annually along with the increase of cost of living. It was aligned for equity and parity. Also, ignored complaints on maintenance, you legally put your rent into an escrow account until repairs are done without threat of eviction. While NO ONE WAS PAYING ATTENTION, these laws vanished. it actually costs less to buy now (in the long run) than to rent.
"it actually costs less to buy now (in the long run) than to rent" - it always has. Just logical, someone is paying for the place you live in. And if it's not you, they are making money on it, or they wouldn't bother!
Collective bargaining for renters. Interesting idea. I am proud that when our apartment complex was invested in (original owner kept stake) and they raised our rents by 15% that five tenants in same garden apartment entryway all left. We asked for reasonable increase, then threatened to leave, but owners didn’t care. They’re having to spend $15-20K to renovate and getting less in rent than what they demanded from us.
You know they probably gave an absurd rent increase offer to motivate you to move so they could go in a renovate
Basic human needs-healthy food, clean water, safe housing, medication, should not be commodities.
I used to live, and eventually worked for Quality Hill Towers in the 90s. They were basic, durable apartments. The rent was cheap, and there was much less crime downtown than living in midtown. I started out as a leasing agent, but after awhile, all I could see were issues. I began working on the maintenance staff when my manager refused to accept my two week notice as the leasing agent. I started by doing very simple work orders the guys couldn't be bothered with. I learned how to do many aspects of apartment maintenance over the years. I even took care of the pool. Some of the old timers we had to do certain plumbing and electrical work gave me dire warnings about the conditions developing in these buildings. The electrical was the worst. I would sometimes get a mild shock on my legs from the metal cabinets while having my hands under running water in the sink. Constant floods, getting mild shocks again while using a wet vac. I told the new manager I would haunt this place if I died on the job. I finally moved on to a property thirty years newer, doing maintenance. Its really sad to see how bad its gotten there. The views were wonderful. I imagine they'll all be torn down, and in it's place pricey skyscrapers that few can afford. I wish KC Tennants all the best. It's a nationwide tragedy that you can work full time, yet can't afford anything more than a dump to live your life.
We all need to be doing this! Not just for rental property...
For the first time ever in my apartment dwelling years (20 years total). I am paying 50% of income in rent & have been dealing with hot water issues at my complex for years. Recently had another 4 days without hot water. Best of luck to these people!
We need top to bottom political reform.
November 5th. Make a plan.
@@yooootoooober Way ahead of you. Already voted for Jill Stein. If you think Harris is anything but a center-right empty husk of a corporate shill... a vapid rubber stamp who stands for nothing except for getting elected. I won't deny that Trump is worse than her in the near term, but honestly I think she is worse for the long term. I say that unhyperbolically. Trump getting elected will cause a whipsaw effect and in 4 years we might actually get a candidate willing to change the status quo. If we vote Harris, it'll embolden Dems that the "lesser evil" strategy will continue to work as we are dragged deeper in to global conflict and expand corporate greed. Harris will do 4 years, and then likely another 4 years, at which point people will be so entirely sick of her that it'll be 4 years of GOP, so if we elect Harris, it'll literally be 12 years before we have the possibility of seeing any improvement to society, as opposed to 4 years of Trump making things worse, and then the possibility of 8 years of genuinely improving things.
Yes. To begin with, voting method reform, because that's the real problem that prevents competition and accountability in our elections, by way of vote splitting (the spoiler effect).
On this issue specifically, it's complicated. The fundamental issue is the nature of land itself - it is necessary for all economic activity to occur, yet fixed and limited in supply. Which means you can extract all of the surplus productivity of a community just by acting as a gatekeeper to that physical space. Rent prices rise until it's cheaper to go somewhere else and lose the benefit of being close to other people, businesses, geography, natural resources, etc. This shrinks the economy and creates sprawl, destroying urban structure and creating an obligation for governments to spend perpetually more and more on infrastructure just to spur new development and control costs.
And in the process, the productive members of society are made into a class of effective serfs, who work for subsistence and the benefit of their landlords, in a kind of neo-feudalism. It becomes impossible to accumulate wealth and participate in your own community, or often even to afford escaping, as prices for property balloon infinitely upward on the basis of their ability to collect future rents.
The best way to solve this problem is to absorb this private tax with a public one - which is land value taxation. Because rents already rise to the maximum the community can support, this kind of tax can't be passed on the way others are (in fact, all other taxes end up taking out of rent capacity, but that's a whole other thing). This kind of tax is so efficient and successful that it replaces all other taxes with tons left over - which you can then return to the community via a citizen's dividend or wealth fund (lowering the tax just pays landlords again in exchange for doing nothing).
There are of course other solutions, but all of them tend to be short term band aids that warp the market and create unintended consequences. Rent caps are an example.
Thank you for covering such incredibly important stories that the news refuses to cover!
It's crazy. That sounds exactly like the situation in my rural landlord owned trailer park. He had as many as 9 suits against him at once, but is still collecting our rents and fixing nothing. They're only a few of us though and this is not a state that backs renters or individuals in general.
I am a former realtor and am homeless. I have a story to tell that I think could truly help people.
Power to the people
It's called constructive eviction. You can legally break the lease and move out of the landlord does not address a habitability issue after 30 days. Document it, and the landlord cannot come after you for unpaid rent. Well, they can try, but the judge will laugh them out of court.
Think you'll find a judge rule in favor of the landlords on that
I don't think they wanna move is the thing. I'm a little confused as to why they'd wanna stay personally. Maybe it's already the cheapest place around? The federal government usually has to inspect/sign off on section 8 zoned buildings to make sure they're inhabitable and that things like this don't happen... This leads me to believe it's not section 8, and they're just choosing to stay there anyway? I'm even more confused by the guy that moved to a different unit in the same complex... I'd have just left. Let them try to fill the caved in/flooded apartment with somebody else
Move out and go where? This is a far reaching problem
@@InvisibleHotdog To another apartment that is better maintained.
@@thomasfisher1829 Moving is a pain no matter what. No one likes the hassle of moving, but sometimes you have to.
More power to them, stop the landlord greed
Insurance rates and property taxes are out of control. Stop government greed
Landlords have costs, too. The government is in a position to do things about taxes and insurance right now, yet they choose not to.
Stop *corporate greed
@@CucumberflavoredmustardDon’t need the profit margin though. Which is the problem. How most landlords charge rent to include the entirety of cost of living and then a profit margin.
I support these folks all the way 🙌honestly considering it in my building (which is owned by Caldwell Banker Real Estate)
One of the most hopeful stories I've heard lately. ❤❤❤🎉🎉🎉
Landlords that can't keep up the maintenance should be forced to sell to the government to maintain the building. Housing should be a human right.
No. Why should the government buy it??? No government involvement needed. The people should move. Supply and demand. If no one will rent the locations, owners will go out of business. Then a new owner can decide to invest in a new building or invest in repairs, then set a new rent higher or lower based on market demand.
@@DrAJ_LatinAmerica some people cant move, they have jobs or kids in school or just can't afford anywhere else
You have never lived in government housing and your comment shows 😂
If you think these landlord are not keeping up with the property maintenance, just wait until you see what the government would do with it. Additionally our government doesn't have any money, we are 36 trillion in debt and every dollar we print/borrow makes your money worth A LOT less.
@@hkgoalie91 💯👍. We need less government. Less "programs". Less spending. No more handouts to illegal immigrants, but that is the topic of a separate video.
Wishing these guys the best of luck! Wasn’t too long ago that I was a renter.
rent should be tax deductible
....and affect credit rating.
Thank you for covering this story.
Deregulation protects profits, regulations protect people!
It is a shame that a country's corporations are healthier and better protected than it's citizens.
You did it backwards, kiddo.
Regulations protrct profits.
Deregulations protect people!
Ruin the country to prove that these corporations are ruining the planet by fueling our extinction.
Videos like this are stones flung at the wall that is our system. Keep it up guys. Good stuff.
Thank you for your continued journalism work. Please keep making content and spreading knowledge-- so many, myself included, didn't know this was even a thing. thankyouthankyouthankyou.
Good for you guys - stick together no matter what!!
The people, organized, have more power than the moneyed class.
This is LONG OVERDUE.
Let’s do this across the country
How about a national habitability guarantee?
So glad this is getting coverage, irresponsible greedy landlords need to be held accountable!
Solidarity! Landlords have too much power, people need to fight back
I really hope to see more of these rent strikes. I've moved out of my parent's home twice and had to come back both times due to not being able to afford anything. It makes me scared that I won't ever move out or that I will but struggle paycheck to paycheck like before.
Good for them. The rent prices are so out of control.
Cause wages are out of control
@@SgtJoeSmith Then why is rent still increasing in states that have seen little to no wage increases. There are companies like Realpage openly price fixing and you're still too dense to see anything that wasn't regurgitated to you.
@@qwejy oh is realpage a union? they just want to pay their employees fairly, im sure.
@@qwejy maybe if tenants wouldnt trash the place and cost owners so much in repairs. you know, 2 months rent a year goes to taxes and another 2 months to insurance. another month to maintenance. landlords typically break even till house is paid off unless they can pay cash up front. they finally make money when they sell it and retire. if you think rent is expensive you should try owning. when you own anything you need fixed is $150 to $200 an hour per person
@@SgtJoeSmithno rent, power and insurance prices have outstripped wages for a long, long time. They’re inflation leaders. The problem is not wages. The problem is corporate greed.
Now nation wide!!! Make investors sell properties like because they will make them go bankrupt if they dont.. no one should live their entire life renting.. the american dream is gone, take it back.
Good for the People.
When the People Gather in Strength. They Win.
Rent caps would be nice but we also need caps on taxes and insurance cost as well. Those things do nothing but go up every single year after year after year.
Taxes are % based. They don't particularly go up but your income does even though it buys less. So does your property. The assessment process is what's broken. My car went from being valued at 8k one year to 15k 3 years later. I go to dealership to get new car....they offer me 5k yet I'm still paying tax on 15k assessment value. That's what we call corruption.
@@smokelord2002
Either way, investment property doesn’t get any exemptions so every year it increases 3%, maybe 5% and now Houston is pushing for an 8% increase this year. Also insurance rates don’t go off any percentages, they come in and say that the homes replacement costs are 3x what I paid, sometimes higher and the new rate is X amount higher than my older policy. All these factors increase rents. Some of us are not using real page to determine our rents but it sucks to have to raise rents on a family over $100 a month just to cover the increases from taxes and insurance. I understand the idea of a rent cap. As a landlord, I want a cap on my taxes and insurance. It would help tremendously in lowering rents.
A new travel trailer is $200 a month and a campground spot is $500 a month and you’ll own what you live in so it will be an asset. Do with this information what you wish.
Sadly too small for families with children
@@heididuncan601 have you seen the bunk house models? There are some bigger than 2 bedroom apartments. I found a 4 season 34 foot Winnebago in perfect condition for $16,000 on Facebook marketplace and it slept 4 people without needing to pull out the futon or dinette. There are even some that are 2 floors and have balconies. Used ones are ridiculously inexpensive and you can use it as a way to take your family on trips without having to pay for a hotel or resort, a lot of vacation campgrounds are nicer than hotels and I’ve never met a bitter or unhappy person in a campground, it’s an amazing place to make friends and raise a family with a community that supports each other.
@@heididuncan601 Don’t get it confused with a trailer park either, trailer parks are not the same as campgrounds.
I'm glad they're striking and burning their rent bills, but more people need to do this cause I forget rent unions exist.
Cautionary tale on rent control, there are several examples you can look up where governments approving rent control having unintended medium to long-term consequences.
With rent-control in place, investors are much less likely to build new housing. This causes rapid scarcity in housing, which basically all landlords then respond to by raising their prices to the legal maximum. Once that legal maximum exceeds the average renter's budget, the situation for housing is even worse than without rent control. The investors then correctly point to rent control as the reason for no new developments in affordable housing. Some politician repeals the rent-control, and new developments are rapidly built - but prices rarely return to their initial levels.
There are no solutions, only trade-offs.
housing is a human right
The problem is that you don't own the property or the land that you would/could put your house on. And even if you did, the government says since you are a resident of the city/state you have to pay property tax and land taxes.
@@spektredWhich is fair, cause you’re part of a society and benefit off public spending. So you should pay in
So what did Sentinel do with the rent money they were receiving from tenants? These corporations need to be investigated and there needs to be charges brought, or a lawsuit, massive fines, or something. These government agencies need to do better regulating these landlords. People shouldn't have to live like that.
The housing bubble run up by pure, out of control speculation has to crash. Anything else leads to unrest and hyperinflation.
And I think it will.
I've been saying for years that landlords act like the new slave owners because it's their property you have to leave if you don't like the way they don't fix anything I hope these people that striking could change the laws so that tenants have more rights absolutely because once you get in there the landlord don't upgrade or fix nothing he just won his rent and that's not fair
I live on the Kansas side. They are raising my rent another 10% (they've already raised it 50% since I've moved in). I pointed out that two other apartments that had the same bedrooms/bathrooms but were bigger and within 1 mile of my apartment were charging $30 less a month than the apartment I'd been living in for 6 years. I tried to negotiate but they said no. They pretty much told me they use something similar to Realpage which is being sued. They also said it would be to their advantage if I moved out because they could remodel and rent it at their new prices which is $400 more than I'm paying now.
Have you decided to leave or stay?
@@WhiskyMystery I decided to stay because it would be cheaper in the short run. If I moved I would have to put down a new deposit, hiring movers, and a new pet deposit. I'm looking to buy a house in the summer of '26.
"They also said it would be to their advantage if I moved out because they could remodel and rent it at their new prices which is $400 more than I'm paying now." Sounds like bullshit to me, just leave if they really want it.
They THINK they can rent it out for more. But often times they get screwed unless someone who licks out with a high paying job comes into mix
More power to you guys. 💪😎👍
bet if we could fine the actual owners, the people who own these companies, the heads of corporations who make the decisions, things would change quick like. instead the companies get the ridiculously small fines, if at all, pay them, and continue on business as usual. when you dont punish the kid who steals from the cookie jar, they keep stealing.
I live in KC. When i was looking for a place a few years ago, i considered Quality Hill, until I read the reviews... all of which said the landlords were just horrible. This has been going on for YEARS
Ah yes, the rent vs buy decision I’ve been trying to figure out for years. The rental income vs mortgage payment calculation never made sense to me. But this is much more logical and makes far more sense. Thank you for simplifying this!
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These videos need to be shared everywhere so we can implement this nationwide.
Amazing, keep the good work
Instead of foreclosing and just making a new landlord, why not foreclose and turn the property into a Housing Co-Op ? The Housing Co-Op non-profit would own the property, the renters would have something like a 99 year lease from the Co-Op, and all members/leasees have voting power in the Co-Op
The lender cannot just foreclose. They can only do it in the event of a missed loan payment ps and then they are legally obligated to get the most for the property to repay the loan (possibly with excess to the current owner).
Oh but won't someone think of the POOR landlords!?
They're already living your paycheck to your paycheck after all. 😭
Everyone is free to become a landlord.
ALL landlords SUCK.
@@gadflyofhumanity_6847 I like my landlord
@@WhiskyMysteryNot really. Many don’t have the financial resources to properly feed themselves, let alone secure loans for property acquisition
@@WhiskyMysteryNot really especially with landlords already leeching off rhem
This is what rent control will look like.😮
Long over due.
if they aren't fixing the building, ownership of the building should be forcibly taken away and distributed to the current residents.
This is a problem that happens all across Kansas City. it’s governmental failures in almost every municipality and at the state level from both Missouri and Kansas. Corporate intentional slum lords have exploded since 2008
The result of ultimate capitalism. Bravo!
Stand your ground united we stand divided we fail.
Ah, memories. I recall an apartment building in which I rented an apartment. $900 month. This was years ago. We all received notification that our rent was increasing. Why? Well, some idiots destroyed the door to the underground parking. Destroyed the laundry room door, destroyed the elevator lights. The repairs cost a fortune along with repaying the outside parking lot among various other destroyed components. The owners wanted to raise the rent far more, but the law stated the highest they could raise the rent was an extra 2%. They went the max. My one-bedroomed apartment was very large and I lived in it alone, paying the entire rent myself. When I first applied, a family was ahead of me. The management decided to give it to me. Startled, I asked why. They told me my credit-rating was stellar and that made me their first choice. I was in my late 20s. They go by your ability to pay the rent, not by your needs. They do not give a shit about that.
Every business operates on your ability to pay for the goods/service. Supermarkets only give you food if you can afford to pay.
@@WhiskyMystery yours is the only comment I’ve seen and this entire section that has actually made sense. Thank you.
@@Gardenabundance It is strange how rent/housing always seems to get separated into its own category. I think the name 'landlord' is part of the problem. Imagine buying from the 'Food Lord' or the 'Car Lord'. The 'Beer Lord' sounds half decent though.
Kill my landlord - Eddie Murphy on SNL
Raise your hand if you've had mold in your apartment?
What I don’t understand is why the picketers aren’t outside the landlords’ home or homes. They need to hear it directly from the people. Hell, they shouldn’t sleep until they stop being neglectful and capricious
they likely live in a different state
Like most reality companies. The board members rarely live in the states they own property in.
Because it would be illegal? Their plan isn't to be fined. You can riot, but don"t resort to terrorism please.
As others have stated, the landlords home could be in a different state or it could be because the landlord lives on private property.
Why ask someone else to take over? Be the landlord and advocate for everyone there
Yes they should buy the building and maintain it. Then they won't have to pay rent. See how run down it becomes then
The only reason anyone rents is because they can't afford to buy and own a home themselves. "Just buy every building Sentinel owns" is not a feasible plan.
You sound like a landlord. Are you a little scared?
@@wrijack cause if the tenants own it then the government will lose that income tax money to send to ukraine. which is currently 50% of your rent.
you see.... 6 months of rent goes to income tax, 2 months to city and county property tax, 2 months to insurance and 2 months to maintenance. and then you call the landlord working for free greedy.
@@jrg2866 the reason they can't afford to buy is because someone bought it and renting it.
Wow I’m glad my apartment isn’t that bad, we only have holes in the walls and mold on the windows.