In November 2021, my rent was $1435 per month. It jumped to $1680 in December 2021. In February 2022, my rent jumped to a whopping $2114.80. In a span of 3 months that is a rent increase of $679.80. Talk about highway robbery. Because I am doing month to month they also tried to add an extra 20% on top of the $2114.80. After a few choice words with property manager they dropped the 20%. However, a $679.80 increase over 3 months is absolutely predatory. Thanks for posting.
Thank you soooooo much!! These investors are gonna OWN the whole block very soon and thats when they now have the power to vote in thier own best interest on any local.goverment issiue. Is there anyway to impose a moratorium on these vultures?! They also make renters pay double and triple the cost of utilities to coporate landlord as well using a system called..R.U.B.B.S. Its a real land and cash grab....A real live game of monopoly.
I think that this problem is going to require a legislative or regulatory fix or else we’ll be forced to become a nation of renters. Meanwhile, something needs to be done to tamp down home price appreciation, because investors won’t be buying all of these homes robbing people especially first time buyers of a place that they actually want to live in if it wasn’t so profitable.
How many investment companies are actually foreign? Some countries disallow foreign investment companies from scarfing up properties and exploiting communities (by charging rental rates not compatible for the regional community, etc). If we don’t make some laws to protect home buyers and renters from this exploitation it will do (and already is) severe damage.
That's a great question Elaine. I'll see if I can get to the bottom of it. A lot of the corporations are in the US though and funded by people's investments in mutual funds and REIT's whether they realize it's in their portfolio or not is the question. I'll keep digging. I touch more on this in tomorrow's video. Stay tuned. =)
Thank you for researching this bizarre phenomenon. Many of the homes sold to investors, are never listed, right? Is the 16.65% the portion of sales that get listed, or the portion of all homes sold, even those that never get listed? I am pounded daily to sell my home to and investor, but the average first time buy is not nearly so aggressive. Thanks you for encouraging all to do what is right and to consider our long term impact on our children and world.
Thanks for sharing your excellent research. My West Virginia home county's county commission is cracking-down on Airbnb owners, compelling them to sell their properties in the stated cause of alleviating the housing shortage. I'm wondering whether you have looked into that phenomenon.
Thank you for your kind words, I'm happy you enjoyed the research in this video. That's an excellent point and definitely one work looking into. I jotted a note to see what I can find and if it's a growing trend. Thank you so much for the thought starter! Sending you positive vibes everything is going your way.
"People before profit" garnered my respect and should be sung from a mountain top! Very informative and thank you for sharing your insight. I truly appreciate content that adds value to quality of life and well being.
Andrew i wish i had the answer...bcuz things a quickly getting out of control and no one see whats coming fown the pipeline!! THANK YOU FOR DOING THIS TOPIC!!
It makes me angry because their being selfish and inconsiderate. People wonder why people are homeless or needing government assistance. Rent out of control and when you try to buy house it's quickly contingent/purchased. They need to think about that and think about the children sleeping in vehicles, under bridges, or on the streets. Everybody I've talked to said their rent went up. Ours was increased 3x. I've seen with my own eyes houses being snatched up for good price and it turn around being sold for several thousands afterwards. I feel like if nothing changes soon..we'll all be packed in homes with all our family like back in the day
It’s an opportunity for developers to create affordable housing for citizens and starve out the greedy investors. Teach your tenants financial literacy and how to invest. Consumers would have to collectively agree to make sacrifices in order to stick it to the greedy investors. The information that you are sharing is amazing.
BUYING IS ALWAYS THE BEST OPTION! It’s crazy how Dallas Tanner thinks people would rather lease then buy! I hate seeing new construction sites with “Homes for Rent” signs around town. I was shocked when I first saw that! Hopefully things change soon and people have the opportunity to buy a home. Loved the content, Andrew! :)
Thanks for sticking to youtube, Andrew! I was purchasing my first house in 2019 and came across your channel! You have been and are effective, precise, and informative! Keep on your videos coming!
Thank you so much my friend! That means a lot to me! I'm glad my videos served you well in the past. I'm getting ready to get back in the content creation saddle so expect new content by the end of this month. Much to discuss and I hope to help more people navigate what is now a very chaotic market. It really means a lot to me that you're still part of our home tribe. I've been up to a lot of stuff the past couple of years will be back soon on a consistent basis. =) If you have topics you want me to cover, just lmk. Until then, sending you positive vibes everything is going your way!
@@AndrewFinney great to hear from you, Andrew! I bought a new construction house. the developer's superintendent--responsible for the subdivision project--is a Marine too :) I served in the USSR Space Force (1987-1990), and am now residing in the "No man's land" on the border of TX-LA on I-10. Anyway, a question for you to address is that of financing: 15 or 30 yrs with the purpose to build wealth over a lifespan. A must-take into consideration variable is the take-home household income that determines the affordability of the future house. Mr. Dave Ramsey strongly indicates: the best pathway to building wealth and living like no one else is through millionaire's (seven) baby steps. But he also has a rule of thumb for cars (all stuff with wheels & motors) and for houses. My idea for you to address is this. I'd like to see you response to a couple of questions. In your professional opinion (or practical observation) what's the best: (1) 15 or 30 years mortgage, (2) the total cost/price of mortgage (+all required extra payments) per month? Mr. Ramsey strongly recommends 25% on a 15yr fixed (I have 38% & wish it would be 25% 🙂 but found Mr. Ramsey too late). I think you would serve your viewers and potential clientele well if you address financing rules on mortgages with the mission of building wealth in the most efficient way over the lifespan. After all, the house is not only for building a sweet home, the house is the largest equity item for 90% of the US population. Good luck and God bless!
I too sadly have no hope of buying a home. The place I'm renting has just been bought by new owners and now I have to move. Every rental place I've looked at is priced very high and they are all owned by companies. They want you to have a perfect credit score, need your rental history going back 3 landlords, personal/financial info going back years, make 2.5 times the cost of your rent, you pay all utilities. Basically all the burden/liability is on renters and none on the companies. I'm worried that I won't be able to find a place to live. Thank you for this video, it was informative and concise
The tides are turning Kelly! Your time will come when everything falls into place for you. Sending you positive vibes everything is going your way! On a side note, if you're curious about what's happening in the current real estate market, here's a link to my newest video: ua-cam.com/video/reaGPfUQJ5I/v-deo.html
It’s also a short term response from the rental market cause of the pandemic. So many small landlords were taken advantage of, were not able to collect rent nor evict for the past two years in some states. Eventually the rental market will correct too.
Great insights Andrew. There definitely needs to be more regulation regarding this issue. How can people save for a home when rents continuously rise? I have been outbid on several homes and am in the process of negotiating a contract on a home now, hopefully it will work out! I've learned a lot from your channel, thanks!
I bought a house a couple years ago 2500 sq feet in a major city for only $25,000 put another $20,000 in remodeling and now its worth $150,000 and it was sitting empty for 10 years before I bought it. This year I bought a nearly turn key triplex for $45,000 not its worth over double. If you look out major cities or along its border there are plenty of houses for sale. I'm only 23 there are a lot of vacant homes for cheap.
you guys are the problem us first time buyers have a hard time getting a home we saved for down payments and did our due diligences with our credit score ,jobs and etc. Give us a chance!
![[UA] Eternal Fire проти NAVI | EPL Season 20 Malta](http://i.ytimg.com/vi/chvlsDygrZM/mqdefault.jpg)
In November 2021, my rent was $1435 per month. It jumped to $1680 in December 2021. In February 2022, my rent jumped to a whopping $2114.80. In a span of 3 months that is a rent increase of $679.80. Talk about highway robbery. Because I am doing month to month they also tried to add an extra 20% on top of the $2114.80. After a few choice words with property manager they dropped the 20%. However, a $679.80 increase over 3 months is absolutely predatory. Thanks for posting.
....and thats the whole plan Michael, get you a pigeon hold...im sorry that is happening
@@theggplife It is definitely crazy out there.
Sounds our landlord. He upped ours 3 times too. I read so.ewhere that they can do that when you don't sign a lease
Thank you soooooo much!! These investors are gonna OWN the whole block very soon and thats when they now have the power to vote in thier own best interest on any local.goverment issiue. Is there anyway to impose a moratorium on these vultures?! They also make renters pay double and triple the cost of utilities to coporate landlord as well using a system called..R.U.B.B.S. Its a real land and cash grab....A real live game of monopoly.
I think that this problem is going to require a legislative or regulatory fix or else we’ll be forced to become a nation of renters. Meanwhile, something needs to be done to tamp down home price appreciation, because investors won’t be buying all of these homes robbing people especially first time buyers of a place that they actually want to live in if it wasn’t so profitable.
WE ARE THE legislative and regolators. Peope what someone else to do it. It starts in your town, your city, you state...
Feel bad for people trying to buy a house
How many investment companies are actually foreign? Some countries disallow foreign investment companies from scarfing up properties and exploiting communities (by charging rental rates not compatible for the regional community, etc). If we don’t make some laws to protect home buyers and renters from this exploitation it will do (and already is) severe damage.
That's a great question Elaine. I'll see if I can get to the bottom of it. A lot of the corporations are in the US though and funded by people's investments in mutual funds and REIT's whether they realize it's in their portfolio or not is the question. I'll keep digging. I touch more on this in tomorrow's video. Stay tuned. =)
@@AndrewFinney Thank you, I think that’s important to find out what invested money is doing and where it’s going (complex, too).
In escrow and the lender pulls my credit for the 4th time since November 2021 . Boom my credit dropped too low to be approved
On no! 😱😱😱
Thank you for researching this bizarre phenomenon. Many of the homes sold to investors, are never listed, right? Is the 16.65% the portion of sales that get listed, or the portion of all homes sold, even those that never get listed? I am pounded daily to sell my home to and investor, but the average first time buy is not nearly so aggressive. Thanks you for encouraging all to do what is right and to consider our long term impact on our children and world.
Thanks for sharing your excellent research. My West Virginia home county's county commission is cracking-down on Airbnb owners, compelling them to sell their properties in the stated cause of alleviating the housing shortage. I'm wondering whether you have looked into that phenomenon.
Thank you for your kind words, I'm happy you enjoyed the research in this video. That's an excellent point and definitely one work looking into. I jotted a note to see what I can find and if it's a growing trend. Thank you so much for the thought starter! Sending you positive vibes everything is going your way.
"People before profit" garnered my respect and should be sung from a mountain top! Very informative and thank you for sharing your insight. I truly appreciate content that adds value to quality of life and well being.
especially because those peole are what hold the econoy up! nice housing should be affordable and not just a business venture
How do you feel about the big real estate investors buying so many homes? What should be done? Sound off below. Thank you.
Andrew i wish i had the answer...bcuz things a quickly getting out of control and no one see whats coming fown the pipeline!! THANK YOU FOR DOING THIS TOPIC!!
Frustrated we have done everything to get our home and we are struggling with outbids from investors in Florida
It makes me angry because their being selfish and inconsiderate. People wonder why people are homeless or needing government assistance. Rent out of control and when you try to buy house it's quickly contingent/purchased. They need to think about that and think about the children sleeping in vehicles, under bridges, or on the streets. Everybody I've talked to said their rent went up. Ours was increased 3x. I've seen with my own eyes houses being snatched up for good price and it turn around being sold for several thousands afterwards. I feel like if nothing changes soon..we'll all be packed in homes with all our family like back in the day
It’s an opportunity for developers to create affordable housing for citizens and starve out the greedy investors. Teach your tenants financial literacy and how to invest. Consumers would have to collectively agree to make sacrifices in order to stick it to the greedy investors. The information that you are sharing is amazing.
BUYING IS ALWAYS THE BEST OPTION! It’s crazy how Dallas Tanner thinks people would rather lease then buy! I hate seeing new construction sites with “Homes for Rent” signs around town. I was shocked when I first saw that! Hopefully things change soon and people have the opportunity to buy a home. Loved the content, Andrew! :)
Great Video 😊
Thanks for sticking to youtube, Andrew! I was purchasing my first house in 2019 and came across your channel! You have been and are effective, precise, and informative! Keep on your videos coming!
Thank you so much my friend! That means a lot to me! I'm glad my videos served you well in the past. I'm getting ready to get back in the content creation saddle so expect new content by the end of this month. Much to discuss and I hope to help more people navigate what is now a very chaotic market. It really means a lot to me that you're still part of our home tribe. I've been up to a lot of stuff the past couple of years will be back soon on a consistent basis. =) If you have topics you want me to cover, just lmk. Until then, sending you positive vibes everything is going your way!
@@AndrewFinney great to hear from you, Andrew! I bought a new construction house. the developer's superintendent--responsible for the subdivision project--is a Marine too :) I served in the USSR Space Force (1987-1990), and am now residing in the "No man's land" on the border of TX-LA on I-10.
Anyway, a question for you to address is that of financing: 15 or 30 yrs with the purpose to build wealth over a lifespan.
A must-take into consideration variable is the take-home household income that determines the affordability of the future house.
Mr. Dave Ramsey strongly indicates: the best pathway to building wealth and living like no one else is through millionaire's (seven) baby steps.
But he also has a rule of thumb for cars (all stuff with wheels & motors) and for houses.
My idea for you to address is this. I'd like to see you response to a couple of questions. In your professional opinion (or practical observation) what's the best:
(1) 15 or 30 years mortgage,
(2) the total cost/price of mortgage (+all required extra payments) per month?
Mr. Ramsey strongly recommends 25% on a 15yr fixed (I have 38% & wish it would be 25% 🙂 but found Mr. Ramsey too late).
I think you would serve your viewers and potential clientele well if you address financing rules on mortgages with the mission of building wealth in the most efficient way over the lifespan. After all, the house is not only for building a sweet home, the house is the largest equity item for 90% of the US population. Good luck and God bless!
I too sadly have no hope of buying a home. The place I'm renting has just been bought by new owners and now I have to move. Every rental place I've looked at is priced very high and they are all owned by companies. They want you to have a perfect credit score, need your rental history going back 3 landlords, personal/financial info going back years, make 2.5 times the cost of your rent, you pay all utilities. Basically all the burden/liability is on renters and none on the companies. I'm worried that I won't be able to find a place to live.
Thank you for this video, it was informative and concise
The tides are turning Kelly! Your time will come when everything falls into place for you.
Sending you positive vibes everything is going your way!
On a side note, if you're curious about what's happening in the current real estate market, here's a link to my newest video: ua-cam.com/video/reaGPfUQJ5I/v-deo.html
It’s also a short term response from the rental market cause of the pandemic. So many small landlords were taken advantage of, were not able to collect rent nor evict for the past two years in some states. Eventually the rental market will correct too.
This guy rocks.
Thank you J. Dickson! You rock too! 🤩
Excellent analysis. The market right now is absolutely canabalistic.
Great insights Andrew. There definitely needs to be more regulation regarding this issue. How can people save for a home when rents continuously rise? I have been outbid on several homes and am in the process of negotiating a contract on a home now, hopefully it will work out! I've learned a lot from your channel, thanks!
I bought a house a couple years ago 2500 sq feet in a major city for only $25,000 put another $20,000 in remodeling and now its worth $150,000 and it was sitting empty for 10 years before I bought it. This year I bought a nearly turn key triplex for $45,000 not its worth over double. If you look out major cities or along its border there are plenty of houses for sale. I'm only 23 there are a lot of vacant homes for cheap.
refuse to feel guilty selling to an investor after getting gaped on buying in this environment
you guys are the problem us first time buyers have a hard time getting a home we saved for down payments and did our due diligences with our credit score ,jobs and etc. Give us a chance!
plus we have no damn debt at all too!! But a freaking investor comes and messes it all up.