Welp, I bought some keto elevate. I didn’t mean to buy so much. They are sneaky with upselling you stuff while checking out, I just wanted to see the order total before confirming the purchase, but there wasn’t a confirm button. Careful, if you click an upsell link, it adds it to your order (without showing the updated order total), then upsells again and then one more time. Don’t click any of those upsells unless you know that means you’re going to buy them without any confirmation button or anything. That seems shady to me and gave me a bad first impression. But hey, I’ll give it a shot, there’s a 60 day return policy, I’m glad to support one of my favorite UA-cam channels. Just want to let people who are going to buy to be careful, they’ll sneak more product on you if you’re not careful or if you’re just trying to see what the order total will be with the upsells added, you don’t get to see that total, you only get to see your total before upsells and then after upsells are added and the order is completed and charged to you.
On the john oliver christian points- you should really read up or watch Ayn Rand on the morality of altruism and the morality of Christians altruism vs the morality of rational self interest
Nah. He's fine most of the time. He doesn't get every fact correct, but then again, no one does. He's definitely a thousand times better than TYT or Sean Hannity.
Unfortunately due to Wall Street financial engineering this is actually reality. For example, there are many rentals in New York that have been empty for many years. Those are used as collaterals for debts. The properties can be wrapped inside financial instruments that are then sold so that single rental can have many owners. The contract could then force the person administering the rental to need permission from all owners to lower the rents, but some of the owners might be unreachable. Rent is what determines the value of the collateral. If the owners would accept smaller rents then the bank would ask for money to cover the lowering value of the collateral. If the bank called for bigger collateral it might force bankruptcy. Banks don't want the property owners to go bankrupt even if they would receive the collateral after bankruptcy. Bankruptcy would force the bank update it's collaterals value to real market value. Other collaterals would then also have to be updated according to new market data. Collaterals and other assets are what allows commercial banks to print money in form of credit. If the bank has given more credit than it's assets are worth the bank would then be considered insolvent. So by keeping the book values fictional the banks are keeping themselves solvent and the rentals stay empty to accommodate this fiction.
@@latifahgordeeva6198 dont they get to write off any non rented months as buisness losses? It's probably a giant tax write off, it's why in New York they refuse to lower prices, they get a write off they dont have to pay to fee to lower prices and if someone does rent it huge amounts of money
I stopped listening to John Oliver years ago when he did a show covering expiration dates on food. He did a very convincing job selling the idea that expiration dates are meaningless and are all about greed from manufacturers wanting their food to go bad so people have to buy more. Well, I work in the food manufacturing industry. I've personally been responsible for establishing expiration dates. And I've never seen any manufacturer even consider shortening shelf-life in an effort to make more money, nor have I ever come across this in researching how expiration dates are established. The truth is that consumers are not exactly our customer. Stores are our customer. And shelf-life equals money, because the more shelf-life you can offer the more confidence stores have that they can sell your product before it goes bad. Shelf-life gives manufacturers competitive advantage. We want as much shelf-life as we can possibly offer. Shelf-life is typically established based on sensorial attributes, nutritional profile, and or microbial outgrowth. So yeah, there are some (SOME) items that can be safely consumed beyond shelf-life, particularly those that are driven by sensorial changes. But we can't sell people food telling them it is good when nutrients have degraded too far from what is claimed on the label, because there are some people who have nutritional needs for medical reasons. And it should be obvious why we don't want people eating food that has had significant microbial outgrowth. Shelf-life is not only dependent on the food and its origin, but how it's processed, the kind of packaging it's in, how it's transported, and how it's stored. Companies spend a lot of money testing their products to determine what factors impact it and how severely so they can get the most shelf-life possible. It is not safe to eat expired food if you don't have special insight of the product, process, packaging, origin, transport, and storage, as well as what has been tested and what those results were. After seeing the very well sold and totally misguided information spewed about this topic from John Oliver, I started researching all other subjects that I cared about and discovered almost everything John Oliver says is misinformation. He tries to sell everything as evil at its core, when it so often is not.
Before - "tAx ThE rIcH!" Later - "Hey! Why You Raise Me Rent?!?" This is what 2+2=5 produces. And most landlords are barely even maintaining their margins unless they're doing the Section 8 scam which has unusually high capital requirements as a barrier to entry.
These are also the same people who can't figure out if they're a boy, or a girl, or an alligator. So don't expect anything else they mouth fart about to make any sense.
I also managed properties in NYC for the in-laws and their grandmother had worked for 60 odd years from scratch(poor West Indian immigrant) and went from initially renting to owning three apartment buildings in Brooklyn before she died. I had to deal with several the trashiest and most disgusting tenants who had been bullying an 89 year old woman out of her rent. They had basically squatted and trashed the place for a several years before we finally found out about it and took over management. It took like an expensive year or so(lawyer's fees) just to sell the place because this one pos guy who had been extorting the old lady for years and wouldn't budge and she couldn't evict. And that's not even a rent control problem but just shows how in NYC even, and often especially, the worst people have more legal protections than people who strive to do everything right and square.
It's words/appearances versus body language/actions. They want to appear to be on the side of the average person because that makes them look good. But they also want to cash in on the rent increase to increase their own wealth. If they came out and said they were all for rent control, they would be voted out or lose a ton of business because they admit to being greedy little pigs. Words vs actions is a very big problem when it comes to the progressive left in general. Most of their policies are words that cover up sin (namely, greed and gluttony). But also wrath, lust, and sloth as well.
People in blue cities fail to realize how much money is taken from us due to taxes and put into bull programs. Like the DIE stuff that people usually just ignore. Mayor Adams in New York gave millions for the LGBT community completely ignoring our failing MTA infrastructure. They don’t understand or care.
On top of that in some places homes are affected by laws to prevent people under a certain income from affording them. Like they actually want people to go homeless. No, wait, that's exactly what they want. Yes, they want people to go homeless, can't get a job, can't make a living, can't build wealth/all their wealth goes to the elites, and have to dependent on the govt for everything, including giving the govt attention and validation because they're the saviors of the people. Everyone from the 400k mark and down is a target for this goal.
Don't forget that the CDC told people they didn't have to pay rent for over a year because Covid, and property owners had eat that loss. They need to make up that money somewhere. They're not running a non profit charity
Yea but making a profit is bad, and capitalist greed. But only when other people do it. It's fine when I do it at my Starbucks job I call in sick to twice a week, while complaining about how I should make a "living wage". -every leftist
@@theimmortal4718 it is pretty damn hilarious how the same people who are always whining about exploitation and people not actually earning what the make are also celebrity worshippers. And if there was one specific profession or group of professions that really don't actually produce anything of value, at least not in proportion to what they make, it's entertainers.
Rent control is a classic example of implementing a policy and blaming the bad results on everything but the policy. It's the naivete of not understanding that prices aren't just a number that a seller arbitrarily decides but rather an indication of how much people want something and how much of it there is.
Also it's a nuanced subject due to the amount of abounded houses and bank own properties that don't ever get sold rented or used..its all Hella messed up...but let's send 40 bill to ukaraine
@Frank Arrietta facts. that's why rent control exists. and despite what this dumb grifter keeps blabbing on about being absolute bullshit. This dude actually thinks hes going to be economically mobile into the upper class. He won't. He's ignorant of how the economy is designed by Billionaires to keep people like him operating to make them richer and specifically designed to keep him out of the club. And they un-ironically call us "sheeple"
@Frank Arrietta if your landlord wants to increase the rent, you can move. If he thinks that he won't find another tenant at that price, do you think he would still increase the rent? Of course not. But if he does find someone else, meaning the demand of it is big, of course he's gonna let you go. The price is always demand and supply.
@@SuperTommox what a lot of landlords don’t seem to understand, is that the month or so it takes to find a new tenant, costs more than the extra $100 a month he will get out of me for the next year or two. But now… because of everything going on, landlords can now find tenants before the current one is even gone. This will create a problem later on, when entitled landlords, will continue their actions, in an environment that no longer exists
Yeah, you would think if a policy made a growing problem become even worse far faster, you would go back and see if it was the thing you just did that contributed to the issue.
When you try something stupid and it doesn't work obviously the correct response is to double down on your stupid choice. At least that's what demoKKKrats have taught me.
But they do. They'll unironically argue on next week's show that cops are evil racists who only go around killing black kids. Then the show after that they'll talk about how only cops should have guns. They know exactly what they're doing.
I rented a three bedroom house, years ago. needed a roommate after one of us left. first time using craigslist, our new roommate seemed really cool until the exact moment we all signed the lease. that dude was literally smoking crack and newports in the house all day. he had a 2 year old son that he didn't know how to raise (on more than one occasion, i walked into the kitchen to this kid standing on a chair playing with the stove). This guy put down the security deposit and never paid a single months rent after that, it took about 4-5 months to evict him, and that only really happened once i figured out that this guy had a warrant out, which i informed my landlord of. I'll always remember you, Ed.
@@JonezBBQ I mean i don't have any comparable experiences to that, so it was an outlier for sure, but if you unshelter urself you'll see there's a lot of crazy people out there. and philly is kinda ratchet
Landlords couldn't evict people or collect rent for an unspecified period of time... Yes they are raising rents to claw back losses.... Guess we gloss over that
I just commented the same thing. They couldn't force rent to be collected for TWO YEARS, & couldn't evict for non-payment, & now that landlords are actually charging market value, fuck them? _Excuse Me?!?_
Rent is not going up everywhere across the country, it's going up in high demand areas. My rent for a 2 bedroom house with a driveway and a large yard is $600. It's been that much since I moved 5 years ago. Why? Because it's not high demand area. You've got people that refuse to live anywhere but a large city and then don't understand why it's so expensive. It's not hard to figure out.
@@Zeus17x Jamestown, Ny. Granted, it's a shitty town, the jobs don't pay very well and there isn't shit to do. But at least I don't struggle to pay rent. I have plenty money leftover to live a pretty comfortable life. Single 36 year old man with no roommates.
@Diana Paying 40-60% of your income to rent is also not sustainable. Looking to the government to solve this problem for you, as Sean succinctly demonstrated in this video, is not a solution and just makes things worse.
A few famous rich people that have lived for years in rent controlled apartments, Carly Simon, Cyndi Lauper, and Ed Koch. Ed Koch was the Mayor of New York for over 12 years but he kept his rent controlled apartment in Greenich Village the entire time. New York Representative Charles Rangle had three rent controlled apartments even though you are only allowed to have one rent controlled apartment and in two of the rent controlled apartments he ran a business out of the apartmenents, but that is okay because he is a Democrat like all the other examples.
I love the "greed" argument. It's so childish. "Mean people did it". If greed is the reason of the increase of 50%, does this mean that landlords were 50% less greedy before the pandemic?
It does actually happen with landlords in certain areas. It happened where I lived before the pandemic. Basically, a big developer built a huge apt complex and started charging nearly twice the going rate in the area for their apts. Landlords saw this and three months later, nearly all of them had increased their rates to match. Our landlord didn't and told me there was no reason to do so because their costs had not gone up at all. He actually called them greedy and said there was no reason for it. Maybe that's different where you live, but greed is sometimes a factor.
@@billybatson7852 Greed is always a factor, no one is going out and building Amazon or Google because of altruism. You will never get rid of greed, capitalism harnesses greed so we can all benefit, socialism tries to outlaw it so only the dishonest people benefit.
Exactly... it's like so they JUST became greedy overnight? No if they are greedy now they where greedy before. There is a reason ALL housing is going up and it isn't some conspiracy of greedy landlords all getting together to raise rent.
Im a landlord, I actually lowered rent on some of my tenants, forgave others and some apartments I took off the market altogether......We did not mind the gov stopping rents, but if you're going to stop rents you better stop our mortgage payments, taxes, upkeep fees.....etc.. What the government did is punish us hard working, middle class blokes who scrimped and saved to do the right thing and invest in our communities......
When the government needs either a scapegoat or more money, they have to target a group. The lower class aren’t good because everyone feels sorry for them and they have nothing to take. The upper class aren’t good because they have too much money and power to be easy targets; they WILL defend themselves because they have the tools to do so. The middle class however? They have just the right amount of money to be worth targeting, but not enough to protect themselves with it, and you can always just claim they’re actually the upper class so nobody will mind you going after them.
Exactly what I thought at the time. No rent then the the landlord should not have to pay mortgage or taxes. I totally agree with you on this. While I felt bad the government stopped people from working the government should not punish the landlords. I always felt like this may be the beginning of a socialist agenda.
Sadly, yes. It's really "being a foreigner" makes you appeal more because you stand out from the crowd. It's dumb. Accents don't make smarter or better.
>problem exists "Well, we need more government intervention and spending!" ^^^this is literally their solution for everything, even when the problem is caused by government intervention.
I remember over hearing a UA-cam video my manager was watching. And the dude was criticizing republicans for not funding "x, y, and z" if we choose to not get rid of our "assault weapons". Like, have you ever thought that we see problems with the government and want to solve these problems separate from the government, not give the government more funding and therefor more power over our lives. I am not a republican myself, though I have a similar thought in this manner. And god do I hate the idea of 'just get the government to solve it" mentality.
@@slydoorkeeper4783 They should look around them and see all the corrupt and incompetent people, then realize that the government is drawn from the same population. By and large, they aren't any better at fixing problems than your local gas station manager. But noooo, they think there's something in the Washington DC water that makes them magically more competent and less corrupt than the rest of us...
Hey just responding to the the correlation between rent control cities and their high rent: I don’t really believe that correlation equals causation. Houston and Dallas are both cities which have large amounts of land and single family zoning, which would increase the amount of housing. In NYC for example vastly more people live in the city and live in surrounding suburbs in NJ or on Long Island so that isn’t counted AFAIK. I do agree with you in that rent control/stabilisation are very flawed. However many other reforms such as making housing courts fairer or having the government subsidising or even building housing would be highly beneficial as housing is still a human right.
15 years ago i moved in my first studio apt paying $1000/mo, then I got an apt for $1100/mo, then $1200/mo, and as I made more and more money, I was able to get an apt for $1300/mo all the way up to $1800/mo. The only problem is, it's still my same 1st apt. The more money I make, the more they raise the rent. I can't get out and down is homelessness.
AJW's ability of attention to details and articulation along with making clear-cut points is unmatched. Seriously enjoying this kind of content and you've definitely earned my sub, you honestly deserve a lot more.
I need a laugh emoji here. We incentivize the rich. Let's ban corporations from owning housing. Let's say only people can own housing. And let's exempt housing from investment laws & tax breaks so we stop helping the rich the ruin life for everybody else. We give renters UP TO $3k in deductions for rent. We give slum lords UNLIMITED deductions. If they pay money for it, it's a cost. It's a deduction. Own your own home? Maximum $10k deduction but only on the interest rate of your mortgage. Nothing else. Again, slum lords get UNLIMITED deductions. THESE LAWS ARE NOT WRITTEN BY THE POOR & WORKING CLASS. They were all written by & for the rich. It's a travesty. You're on the wrong side. Switch.
@@firstspectre3928 well even today's minimum wage would be somewhere in the ballpark of $20k a year, if you work full time. So that would require some pretty damn frugal living to afford payments on that plus food and other stuff, on the minimum wage of yesteryear.
I was a renter through undergrad, grad school, and a little bit beyond and the long term perspective really made me not want to ever be a landlord due to the quantity of terrible tenants I've seen come and go. In one house I lived in for about five years, I saw tenants pull the following stunts: -burning furniture on the lawn rather than selling it or paying to have it taken to the dump. This was right when I moved in and I asked the landlady if I could have some bricks to redo the firepit in the backyard. She swore we didn't have a firepit until I showed her the gigantic blast mark. -giving the wall a shower until the mould set in. I was in the basement so I noticed something was up when one of my hanging plants was getting watered automatically, by the drip coming down the eyehook in the ceiling. -single mother sob story and her friend let in at below market rates who promptly decided to pay nothing rather than the lowered rent agreed, and then trashed the furniture that was bought for them by the landlady when they moved out two months later. On the way out they spraypainted some exciting profanities on the snow in the front yard (it's actually a blessing they left as it's illegal to evict people in some places during half of the year because of the cold...) -Taking cold showers because the upstairs tenant didn't feel like paying the gas bill that month (the deal there was a 2/3, 1/3 split upper and lower based on the 4:2 bedrooms). -Getting packages stolen by the same tenants who still tried to scam me in to taking on the gas and electric bills they had no intent of paying... -Hearing screamed death threats through the ceiling when the landlady finally did evict them after months of non payment and hoping that they weren't going to retaliate by burning the place down while I was sleeping. Since then I've learned that in some US jurisdictions it's possible to have an overlap between the regulations that say you're not allowed to evict a tenant in winter, but the city will also fine the landlord or confiscate the property if the tenants are selling drugs. Literally damned if you do damned if you don't situations. So yes, I have also had a 'bad landlord' or two, but the level of abuse and neglect I've seen inflicted by tenants is far far higher than the amount I've seen from landlords over my whole circle of friends and family combined.
Adding to this list: I work in an overwhelmingly blue city helping landlords deal with the very slow and often picky eviction system. Fairly wide range of owners (private individual with a unit or two all the way up to company owned complexes with several hundred units) and rental prices (rent assist up to fairly nice with various amenities). - One guy decided it was too hot to work on his car's engine outside, so... he just took it inside and dumped it on the living room floor. Grease and motor oil everywhere, then refused to pay for cleaning/repairs. - A bedbug infested mattress getting thrown in the community dumpster and a different tenant pulling it out and attempting to use it, re-spreading the bedbugs. - The same unusual name renting an apartment at 3 different complexes. Never paid a cent towards any of them or showed up to court. We think it might have been a case of identity theft but never really found out. - A social worker in a neighboring red county telling someone being evicted to move here because they'd "get more benefits". - A lady claiming that the maintenance crew moved her furniture around at night. Never alleged anything missing or broken, just moved slightly. - Someone who had been filed on moved out in the middle of the night. Instead of telling the landlord and turning in the keys, they gave them to someone else. That second person was squatting in the apartment for a week or two and ended up shooting third person during a drug deal gone bad. - We got a lot of people trying to argue they can't be evicted because they paid their rent. While the rent was $x/mo and they had paid exactly that each month, they hadn't paid the water or trash bill (etc) for several months. We try to explain to them that their "rent" money goes to cover whatever the oldest outstanding debt is, and that they can't pay for just rent. They still owe this month's rent because the $x they turned in was paying to catch up on a previous month(s) utilities. That's met with a lot of blank stares and confusion (and occasionally, cursing). "but I **still** don't understand. I done paid my rent this month, so how is you evicting me?!?" Hard to tell which ones think they're outsmarting the system and which ones are just can't grasp basic financial ledgers. - Someone that argued it was illegal to charge them a late fee, because while rent was due by the 3rd of the month, they didn't get paid until the 15th of each month. We're willing to work with most of them and try to reach an agreement, but some just want to be stubborn. Most of the tenants are at least trying to catch up and being polite about it (perhaps a little less so with all the covid-delayed evictions finally coming through), but it can get a little depressing at times seeing just how bad some of them are.
@@Onibushou The COVID eviction moratorium was understandable on a human level BUT the CDC needs to make the landlords whole as they effectively took away their property rights without trial. Trying to recover costs from a deadbeat renter in court is a bit of a joke as the costs to get a judgement will quickly exceed the outstanding balance, and good luck collecting.
Me and my girlfriend rented a house with my cousin and his girlfriend and we paid them half the money to pay the bills with as they wanted them in their name to build up credit. Fine, I thought. A bit of a surprise when 3 months later we're being evicted and utilities are randomly being shut off when I find out no bills actually got paid
@@martymcfly88mph35 I think one of the biggest problems with the current education system that needs to be fixed is not that more people need to go to college, but that the universal public K-12 education needs to actually drill balancing a budget in to the student's heads. I've been amazed by the number of people I've known who carry credit card debt and just don't realize how much they are hurting themselves by doing it, yet have strong opinions on the rich needing to 'pay their share'. These are the types of people that win millions in the lottery and end up bankrupt 5 years later. I'm assuming there was no malice involved as I would like to think that your cousin wouldn't intentionally screw you over, but they ended up doing that anyway intentional or not through their irresponsibility. (I am willing to bet they had a cellphone and a car even while they wouldn't pay to keep the lights on.)
@@RN1441 yeah I found out the "little bit of partying" they talked about turned out to be a full blown opiate addiction. And the "party" was more crushing up pills and snorting them then passing out all day. Not much of a party really
Funny, my house has shot up in market value since 2020, and we haven't spent a penny on those building materials you were talking about. In fact, haven't spent more than $10,000 total on any appliance or any renovation. So somehow by sitting on a piece of living space for two years it's been decided that it's worth 40% more than it was when we bought it, while inflation is at 9.1%. The best part is, if we sell it there's actually no gain because every other house has shot up too. All that seems to be happening is, major real estate companies are buying up houses, artificially raising value, and either selling them with little to no renovations (if so with undocumented work) or turning them into rental properties indefinitely so here goes that phrase conservatives love so much > "you'll own nothing, and you'll be happy".
My friend watches John Oliver almost religiously and unfortunately any time I try and point out the show is misleading is usually responded with paragraphs of excuses as to why whatever I pointed out is wrong in his eyes. I value my friendship so I don't push the issue, but it's sad seeing someone lead around like that.
I can relate, I know a few people who are progressive, Im happy to have had calm conversations with them, but it's such a flawed worldview because it leads to issues, we have been fed samples of this idiotic worldview since the 20th century and its a miricle that things have gotten worse recently.
I have a liberal friend who works in D.C. Before he moved we disagreed but often had engaging and thoughtful conversations. After his move, we don't talk politics anymore becuase only people in D.C know the truth. The properganda is real
I knew a guy who supported increasing property taxes, I told him his rent would go up, he said "F those rich guys! They make too much money." Less than half a year later after the tax hike took effect his rent went up. He of course never connected the two events and just cried that his landlord was a 'greedy capitalist' I was SO glad when I moved away from him Stupid of that caliber is unfixable
I say the exact same thing to my "friends" ( not real friends bc i refuse to associate with them, a friends friend.) the believe in the "TAX THE RICH" philosophy, you're right, they cant connect the two points. When I do connect the points for them, in a clear as day explanation, their default response, NO JOKE this is what they will say. " Yeah, BECAUSE they are greedy! they should NOT raise rent" Literally dealing with children at that point.
@@Denver_____ LOL exactly! just like a kid in a huff **stomps foot** "well they shouldn't be allowed to raise the rent then" if they think home ownership is cheap or easy why don't they just buy their own houses? oh right! because that's not how the world works and it ISN'T that cheap or easy. at times I wonder if those kinds of people can ever be helped
I live in benbrook Texas, (outer perimeter of Fort Worth) me and my girlfriend rented a 1 bed 1 bath apartment in 2020 for 900 a month without utilities. That very same apartment today is priced on their website at $1,350. Apartments always go off of market rates I understand, but those rates have been steadily increasing for the entire year.
Typically higher demand is met with more building. This had been true in Texas for decade. Right now due to lockdowns building materials are short so it's gonna take a while for rents to stabilize there. However in the major left wing metros with insane restrictions, the prices will always rise even with the supply chain issues for materials being solved
If greed were causing prices to increase, then greed would also cause them to come back down. Greedy landlords would undercut the overpriced rent prices and fill all of their vacancies. All of the overpriced landlords would follow suit and decrease rental rates. One of the main causes of increasing rent and housing prices is mass migration. The housing constructing industry can’t keep up with the increasing demand caused by immigration.
Finally someone else is saying it. It's especially bad here in California. How do people not see that having ridiculous amount of red tape just to build homes combined with seemingly limitless migration is obviously going to cause a shortage?
As that may be true, nobody wants to work 60 to 80 hours a week just keep a roof over their heads - as is my case. So, take it from me: it isn't all allergic to work types bitching about this.
I have to disagree with you that 22 to 34 year old should have room mates 22 to 34 year olds should be getting married and having babies starting a family
Better work on finding a better than minimum wage job. My local McDonald's is paying $13 an hour. Probably have to work pretty hard to find a minimum wage job right now.
All I know is over here in Canada. My gas bill went up, my insurance went up, my property tax went up, utilities went up this year. Assuming it's the same for rental properties. hmmm why would they need to raise the rent?
As a “skilled” tradesman who’s been working in commercial construction during the pandemic: John Oliver is absolutely full of it and AJW is correct. Great example: the price of copper as of this moment I write this post is $4.08/lb. In Feb ‘22, it was $4.80/lb. I’m sure Limey John can’t fathom how much romex/MC cable/THHN in conduit is required to adequately wire up a multi-family dwelling, much less a single family dwelling. You are most definitely going to be paying well into five digits territory *just* for the wire on a job like that. I’m not even talking about lumber (which was and still is also outrageously priced), or even how the costs of any material is still impacted by transportation costs (I.e.: the cost of *diesel*).
just curious but what about apartment complexes and homes that are already built? how often is copper replaced? if you're lucky never after inital install. if you're unlucky maybe once.
Do keep in mind these people don’t think of the cost of the final product let alone the cost of materials. They think housing just magically appears and is taken over by some greedy landlord not built and paid for by the landlord. These are the same people who think that you actually get food from the grocery store and not that the grocery store gets the food from the farm.
You should probably also include air conditioning as the tubing and coils are largely made of copper. I think gas lines are also copper. Water is probably mostly PVC now, but likely copper on hot water lines a lot still.
So , I guess the flood of new renters (2.5 million)being brought into the country and flown to their preferred destination has no impact on the supply/demand scenario ?
And the majority of evicted black renters are also not paying their rent and there for the courts decided they are no longer renters. Funny how that works.
I rent room, I have four houses. It's disgusting how Democrats try to dehumanize me when I do my best to make a living and give a safe home to people that can't afford an apartment. I pay for everything else, all they have to do is pay monthly rent. If bills go up, mortgage goes up, I try to spread that cost on all the house so everyone only pays 10 extra. Sometimes people just can't pay or play games and you have to kick ppl out because that's you feed your family. Hardest thing I had to do is kick a 60 year old man with cancer because he turned into an alcoholic that started fights and didn't pay. It's not as simple as "landlord bad" because your renters can be shitty people and the market does force your hand to charge more or else no one gets a place to sleep.
I enjoyed some of John Oliver's episodes. Then he did one on Pregnancy Crisis Centers. When I watched it, I was closer to "pro-choice" than I was "pro-life," but I lived in a conservative area, so I knew what these people did. What Oliver described as mere fronts to lure unsuspecting women in to not having abortions was, to me, conservatives putting their money where their mouths are. It's an answer to the common liberal charge that conservatives stop caring about the fetus as soon as it's born. I also couldn't quite buy the premise that a women talked out of an abortion - paired with very generous offers of support - had been wronged in some way. Years later, one such center would give my then-fiance free ultrasounds as I was getting her on to my insurance. They gave us supplies and help. There was no question of abortion for us at any point, and they offered additional help freely. I'm proud that we're in a position now to donate to The Pregnancy Resource Center, and I would highly recommend anyone reading to do the same.
Hahahaha South Africa. Like when you have to earn below a certain amount to qualify for a RDP house and end up on a very long waiting list. Only to find out that after years, a local politician's child applied for one (or four) of these units claiming to earn below the the threshold amount, got bumped up the waiting list ( because its who you know right) and got the FREE house. Is now renting it to said low income earners, making virtually 100% profit. And paying highly discounted rates and taxes. Yeah John Oliver. Keep using My home country's highly corrupt government as an example..... here's an idea. Why don't you move to it. Let's see how you love to live in a country where the Cops not only gets mugged and the police stations get robbed (of mostly guns....) but some of them arrested for shop Burglary when they are recognized by the victims as they go to the police stations to report the crimes..... and it takes you up to 18 months to apply and in some cases qualify for a Firearm license.
When you realize wait a minute hes saying the people who earn the least should be able to afford the average. By definition the average income should afford the average house.
People on minimum wage can afford more than the minimum video games, TVs, phones, computers, etc. So I don't necessarily accept the idea that minimum wage should only afford minimum living standards. The problem is the government is preventing prices in living standards from ever coming down, the way it happens in free markets like the aforementioned products.
@@snex000 what is the “minimum video game”? Is it one a moth or something like that? What are all the minimums of all the other things you listed? What is the acceptable level that a minimum wage earner should be able to afford?
@@paytonyoder1260 The minimum video game would be free games. Imagine that, a market so amazing that we literally give products away for free. And I said nothing about "acceptable." I said that you can afford higher than minimum quality [other goods] despite being on minimum wage, therefore there's nothing magical about shelter that necessitates minimum wage = minimum shelter.
@@snex000 “free” video games are designed to suck money from you through many various methods. And you’re using minimum subjectively. Someone earning minimum wage would mean necessarily that they are getting the minimum in life because they are at the bottom financially. Also, scaling up from video games and TV, the same purchases that are cheap to just about anybody, and comparing it to housing which is much more expensive is disingenuous. What even is the minimum in housing? Is it a studio apartment? A tent? A one bedroom house? A car? If it’s just about having a place to sleep then you can easily say it’s a tent. But if you’re talking about an address that you stay at then it’s suddenly an apartment or a home, which are drastically different things.
@@paytonyoder1260 First of all, I said free, not freemium. Secondly, nobody is forced to use the pay-only features of freemium video games. Finally, this is all irrelevant as the point is that minimum wage workers can afford BETTER video games than free or freemium. So, do you want to stop playing stupid pedantic games and actually address the point, or do you want to admit to the idea that free markets actually work when they're allowed to?
Rent control made San Francisco and it's surrounding areas worse. Mix that with all the regulations and taxes and policies enacted that make building insanely expensive especially in area's surrounding SF and you see $3700 average Rent in SF.
I just watched a video about Elon Musk talking about building his new factory in Texas instead of California. He said it would of taking 2 or 3 years longer to build in California, they would still be getting permits and it would of cost about twice as much. Those 20,000 jobs all went to Texas.
@@vinyllpreviews9462 Also, California locked down his factory with the virus restrictions, so the existing factory couldn't be used at all for months, even when he proposed a ton of measures to prevent transmission, and other places were ending those bans on non-essential work.
To be fair, the initial reason for aggressive building regulations did make sense since half-assed engineering that would've held up in most other cities collapsed and burned during the 1906 earthquake.
Also when will people realize that renting is a fucking scam and a waste of money?? Rents can go up but mortgages don't raise, I never wanna go back to renting
Sounds like Oliver could've saved himself a lot of embarrassment and time for new segments by just watching AJW who thoroughly debunked this topic a few times already. Time to sign a petition for an AJW hbo show.
John Oliver: we need more low cost housing! So are you in favor of low cost condos in your area? John oliver: are you crazy! That’ll destroy my property valur! Build them somewhere else!
He also tried to convince everyone in 2021 that we are so much better off with Biden, and that everything would be much worse with Trump and mocking if Trump won that .we would be at war with Luxembourg (horrible joke btw). That obviously hasn't aged well considered gas has gone up almost double since thay joke and we are now in a global conflict on the brink of war. But he won't let you ever forget that Orange Man Bad because these people are propagandists.
lol he was dead to me 7 years ago when he made this cringe out of touch hillary shilling episode with ridiculous feminist guilt tripping in it saw him for the shyster he was then and there
In NY City, if an apartment building owner decides to sell the rental units converting them to condos or co-ops, 51% of the _present tenants_ must agree to buy. This law, the Housing Stability and Tenant Protect Act, was enacted in 2019. In Manhattan about 70% of the households live in rental apartments, about 20% co-ops, and the remainder condos. Renters are building the landlords' equity. Go out to Long Island and it's the reverse. Over 70% of households are homeowners, building their own equity.
I agree that the disposition with which John Oliver assumes everything is racist is kind of ridiculous. But... I think you kind of fell into it by saying that there is probably a difference in "behaviour" between white and black tenants, that black tenants behave worst than white tenants. I mean imagine if landlords just assumed that black tenants are worst behave and guess where that would lead. That is just... weird, weird to say and weird to assume. Something that demands further explanation, do you think is biological, sociological? I mean the reason is obvious right? Why black tenants are evicted more often than white tenants, it is because on average a greater section of the black community fall under the poverty line, they have less money so they are unable to pay rent more often than white people, so they get evicted more often, as simple as that. 16.8% of black families live under the poverty line while 5.8% percent of white, non-hispanic families live under the poverty line. That is almost three times as much in terms of percentage. Now let us do the math, and I mean the actual math, they said that 20% of tenents are black, so let us assume that 16.8% of those 20% end up under the poberty line and get evicted, that is 3.2% of the total For the sake of simplicity let us assume that the other 80% are white tenents, so 5.8% of those will fall into the poberty line and get evicted, that is 4.6% of the total. So in total 7.8% of people get evicted in our scenario, 3.2% black and 5.8% white. So 40% of the total of evictions would be the black people that fell into the poberty line. The number that john oliver sited is 32.7% So I say is close enough for my rough incomplete estimation. So there you have it... I mean I am sure some measure of racism from the landlord may come into play, but in general I think is a silly argument and misses the big picture entirely. Black people on average have less money than white people on average, so it is just natural that they get evicted disproportionally more than the white people. No need for racism or... weird unexplained "behaviour" differences. Of course... black people have on average less money due to the history of inequality, and that history was fueled by racism, there is no getting around that. I would just not push that into landlord racism.
I live on VA disability and my wife owns a small business. Its just her. We make 80k a year after taxes. Fortunatly I live in a small TX town. 9 acres, 3b 2 bath home. One new and one used vehicle. After all that and we still live very comfortably. Metropolitan cities can suck it.
4:40 Yes. They did. Lead by Blackrock and Zillow. This isn't a problem that started because of he pandemic either. It's been going on since before the great recession!
Only way to fix the housing problem is to build more housing. That’s it. But most these places refuse to because of NIMBYs, which are on both sides of the political aisle.
People who own homes don't want property values to go down, because they'll lose money. People who can't live there because there isn't housing to live in can't vote there.
Can’t believe he went after Dave Ramsey (Also, this clip was taken way out of context- watch the whole Dave Ramsey show, Dave talks about how to Help your tenants) Dave has done more to help people than John ever has.
@@thomasarnoldcoe6527 Sure, but to be fair - Dave is a dense asshat when it comes to certain financial matters... Like telling a 20 somethings guy on the phone to just take out $20K in student loans, go to community college, get a cettificate or degree in the guy's interested field, and promised the dude he'd be in a nice house debt free inside of 10 years... when the guy was already living paycheck to paycheck. Dave's got some good ideas about managing expenses and getting out of credit card debt steadily - but everything else he is clearly just $10 million removed to answer realistically.
So John Oliver is accusing Dave Ramsey of not caring for the poor,Dave Ramsey’s financial advice over the past 30 years has lifted millions of people out of poverty he has shown whole families generations in families how to build wells live with purpose and Jews like nobody else. I wonder if John Oliver has ever even met a poor person I know he hasn’t helped any of them but his policies have created a hell of a lot of them
We are feeling the hate from the whole "slumlord" narrative that's being pushed by the media here in a small Ohio city. My grandfather was renting a home that he loved. He was afraid to evict. They screwed it up big time. He let her skip rent for months. Place is a mess and he is going to clean it up and sell it now
These people are genuinely evil. Even if the truth is shoved in their face they don't care. Only the narrative matters to them, no matter the suffering it causes.
My landlord has about 30% empty in our complex, mostly due to the “market rate” rent increases. They are pricing out people bas3d on the average purchase price in our area which is affected by the new builds in the area which are up for 200k to 300k that already built houses for sale in the area. Some landlords are just looking at the market value and raising rents regardless of their empty properties in Utah.
@@daltonbrasier5491 that was my point, I do not agree with John, but I also did t agree with Shawn in this instance either. There isn’t a middle ground but I’ll never make an argument for the greedy anymore than I’ll make an argument for the lazy or idle
I agree with you. If you didn't buy a house 2 years ago absolutly good luck. I'm 26 with two small kids and my husband died my state says I have to have at least a 2 bedroom home or ill lose my kids. There are circumstances where younger people need a 2 bedroom homes for affordable rates. It used to be rent until you have enough and then buy but there's no way to buy anymore. Shut down these corporate landlords so that they can't buy up all the single family homes and there can actually be starter homes again.
While you are right on the reasons behind the rent increases, even under perfect conditions, the market can’t correct itself for an extended period of time. There are profit seeking landlords, both corporate and individual, that have increased rents by 20+% in the last year. No normal person including ones that work full time jobs or multiple jobs are prepared for that kind of shock to their finances and don’t have many options in big cities to find other cheaper places. We can admit that there was both bad policies to led to housing shortages and also landlords, realtors, builders and financial companies that are taking advantage of the market to charge are much as possible even if the actual percentage increase in inflation didn’t increase anywhere near that much. None of the rhetoric of bad housing policy actually helps someone whos rent even outside of New York or San Francisco has risen by unmanageable amounts. MAybe it’s okay if corporate landlords backed by hedge funds can’t raise rents right now by more than n% their actual costs haven’t risen by at least n + inflation %. Why are we protecting hedge funds and food distributors that are f****** us? None of this matters if you already have a mortgage or haven’t had your rent raised or aren’t living paycheck to paycheck. You can make fun of far left extremists all you want but you aren’t winning any points until you the lives of working class people easier/cheaper.
There is nowhere in this country right now that is paying minimum wage. There are no workers. McDonalds is paying $15 an hour in my small town in the middle of BFE
Hey, give you a heads up; you are wrong about raising the rent for rent-stabilized apartments in NYC. It depends on what a board votes to raise the rent for the one-year or two-year lease.
Ya know, I used to think John Oliver was passably funny, but that was like 8 years ago when you could maybe argue it was satirical. Nowadays, he actually just pushes stories with no laughs whatsoever; it’s just a mouthpiece for an agenda, which makes it for only a certain demographic rather than a comedy show.
Yeah, financially you need roommates if you don't make enough to live on your own but I would rather live in my car then live with people, strangers or not. Hell no.
My dad has a couple of apartments for rent down here in PR. I've learned the hard way just how bad some tenants get... We had a guy who at first seemed like your typical shut-in once he moved in. You know... not taking baths or cleaning himself. Okay, then he started smoking illegal substances... and wouldn't stop. Gave him multiple warnings. Then he started stopped leaving his room to use the bathroom, doing everything in the room. By this point both my dad and the other tenants wanted him out, so my dad went in to give him the news. He took it well, actually, not fighting or arguing. Left soon after and we had to clean up the room after he left. He'd uh... he'd drawn satanic symbols and runes on the walls before he left. I sometimes wonder what became of that guy.
People like Oliver are why I don't invest in rental properties. I'm not taking that kind of risk with that kind of capital when the rules can change over a sob story.
@@billybatson7852 Not when that money is going to repairmen and maintenance and then it's not passive if you want to save money and do repairs and maintenance yourself.
If you are buying a rental property you should know, 100%, what fixes are needed and in what kind of time frame. We bought our house knowing the roof had at least 10-15 year before needing to be replaced, but that the well pump (5k) would need to be replaced within 5. Any serious person will have at least 10-20k set aside from the start (not including any immediate repairs needed before renting) for major repairs with a portion of each months rent going into the repair fund.
Good, the less time we treat housing as investment vehicles the better. Alot of this nonsense started when we as a species decided to profit off of necessities such as food and shelter.
i was making near minimum wage 8.5$ in florida about 11 years ago. working 40 hours a week living in the cheapest shittiest single bedroom and it was eating 45% of my income. and once i got this job earning 272$ after taxes a week i no longer qualified for food stamps.
Rent control is a fantastic protectionist policy if your constituents are purely lifelong renters. Everyone else subsidizes their living by paying higher rent across the board.
It's a really bad point to mention the 22-34 years old. The idea that the median person should live with a roommate until they're 35! is insane. That is not a solution. A good place to live should be conductive to family formation for *more* than even the median person. And the idea that people should start having kids AT 35 is ridiculous, 35 is the limit actually (no country can survive half its parents using fertility services). 22-34 is the age group that matters for purposes of rent affordability.
No one said you should have a roommate until you're 35. You made that up. I said this demographic is building up their earnings so obviously since you make more as you age then they would have to spend more on living expenses. Yes the younger end of that group in major metro areas should consider roommates. Your point about fertility & all that is completely irrelevant & embarrassing
@@ActualJusticeWarrior what I am pointing out is that the age range for family formation is 20 to 35 (the border is fuzzy, what's possible is not what's realistic as policy). I think this is incredibly important. I think it should be a priority for any worthwhile society (that wishes to endure) to make it so it is possible for most people to be able to have 1 or 2 children. I cannot think of something more pro-social than that. Now, maybe it's not possible for families to live on a single minimum wage income. I think that's a failure but that's probably not something we'd agree on. Anyway, point being that it is not a worthwhile solution to suggest, as you did around the 6:50 mark, that people should have roommates while they're in their 20s and low 30s in order to afford rent. I don't say any of this because I like John Oliver. I don't. But his points make sense: you need a 2 bedroom in your 20s to 30s to be able to have a family. I mean, we don't *need* that but I personally don't want to live like in a 3rd world country which is what I mean here.
If I'm single, I don't see why I shouldn't just live with roommates, whatever age I am. It would be important to find a bigger home with no roommates if I was getting married and therefore needed a house to share with my husband.
Oliver is just like Seth Myers, gets a large audience on a major network and never has to deal with any pushback to his propaganda. People watch this and soak it up as truth, and just assume he's right without every looking into stuff.
It's funny.... We have the exact same problems here in the UK. It's a case of open door immigration, non dispersal of migrants (so they congregate in cities and mostly in London) and not building anywhere near the amount of homes needed to cover the 300,000+ that move here every year.
Yup. But the narrative at the moment is, ah second homes of the rich people are screwing over communities when London and the south east has seen its communities consistently moved out over the last 30 years. At this rate in 20 years all real cockneys will all be up north.
@@RGSMANIA that's exactly true. Thing is all this second home bollocks is exactly that - bollocks. Posh people with second homes in the country or on the coast do not make that large a number and completely nothing to do with people who want a 3/4 bed semi detached house in Chelmsford or a 2 bed flat in Uxbridge....
I remember arguing with lefties on social media about that shove that killed the landlord. They were all excusing it, calling him a parasite, saying he deserved it, etc. It was disgusting
My sister is a die-hard leftist. Something I've learned from personal experience is that leftists are sociopaths. They enjoy when "the enemy" dies. They relish it.
I, Vincent Kennedy McMhon, can recognize and respectthat kind of RUTHLESS AGGRESSION, but I don’t want to see it directed at the own- er i mean entrepreneurs.
How much does a person value what they spend? That’s the key. People who value what they spend tend to set budgets as well. And they save. Living a paycheck to paycheck lifestyle reduces spending value as every pay check is never enough anyway. Valuing what you spend will increase appreciation, and most importantly for the land lords, that appreciation leads to taking care of the rental property. Now, I don’t have stats but this is something I learned from being a landlord. We created an equation that projected our income at year end. We had several condos so we built the equation around keeping full occupancy, and setting a more affordable monthly rate for tenants. What could go wrong? By end of year, we realized it would have been a lot less stress if we would have priced the out lower income earners. Our tenants did not treat the condos like they would their own homes. Tenants still had trouble with rent as saving and budgeting was non existent. We even had tenants who would break things on purpose as reason for not paying rent. And (this just absolutely blew my mind) we offered trash and recycling at no additional charge, and every week our trash was half full and our recycling was half filled with trash. My experience may not be the norm, but we felt so drained realizing that even though we offered nice condos at a great rate, we were always the a**holes.
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Need to redo your pitch. It's not 4% a year after 20.
On the john oliver christian points- you should really read up or watch Ayn Rand on the morality of altruism and the morality of Christians altruism vs the morality of rational self interest
@@TheGuyATX yes deftones I saw them a couple weeks ago it was bad ass🤘. Chino has not lost his scream!!! chevelle to👍metal music is awesome.
John Oliver is the kind of Brit who made 1776 such a great year.
I like the way you think :) 8000 Years Kathleen!! (that's a private joke lol).
@Dan Gander "blood and soil", right?
I apologize on behalf of Britain.
Sorry.
@@benmckinlaywilliamson3394 he became an American citizen he's their problem now 😂
Nah. He's fine most of the time. He doesn't get every fact correct, but then again, no one does. He's definitely a thousand times better than TYT or Sean Hannity.
Yeah landlords want to raise rent so high that no tenant can pay it. Empty house, no rent collected, Makes sense.
I seen some houses in my city renting for 6000 a month! Who are they renting it to Cardi B?
Unfortunately due to Wall Street financial engineering this is actually reality. For example, there are many rentals in New York that have been empty for many years. Those are used as collaterals for debts. The properties can be wrapped inside financial instruments that are then sold so that single rental can have many owners. The contract could then force the person administering the rental to need permission from all owners to lower the rents, but some of the owners might be unreachable. Rent is what determines the value of the collateral. If the owners would accept smaller rents then the bank would ask for money to cover the lowering value of the collateral. If the bank called for bigger collateral it might force bankruptcy.
Banks don't want the property owners to go bankrupt even if they would receive the collateral after bankruptcy. Bankruptcy would force the bank update it's collaterals value to real market value. Other collaterals would then also have to be updated according to new market data. Collaterals and other assets are what allows commercial banks to print money in form of credit. If the bank has given more credit than it's assets are worth the bank would then be considered insolvent. So by keeping the book values fictional the banks are keeping themselves solvent and the rentals stay empty to accommodate this fiction.
@@tomi213 Can you break this down for my dumbass? I don't get the concept but want to understand
@@runswithraptors Explaining basic economics is not simping for landlords.
@@latifahgordeeva6198 dont they get to write off any non rented months as buisness losses? It's probably a giant tax write off, it's why in New York they refuse to lower prices, they get a write off they dont have to pay to fee to lower prices and if someone does rent it huge amounts of money
I stopped listening to John Oliver years ago when he did a show covering expiration dates on food. He did a very convincing job selling the idea that expiration dates are meaningless and are all about greed from manufacturers wanting their food to go bad so people have to buy more. Well, I work in the food manufacturing industry. I've personally been responsible for establishing expiration dates. And I've never seen any manufacturer even consider shortening shelf-life in an effort to make more money, nor have I ever come across this in researching how expiration dates are established.
The truth is that consumers are not exactly our customer. Stores are our customer. And shelf-life equals money, because the more shelf-life you can offer the more confidence stores have that they can sell your product before it goes bad. Shelf-life gives manufacturers competitive advantage. We want as much shelf-life as we can possibly offer.
Shelf-life is typically established based on sensorial attributes, nutritional profile, and or microbial outgrowth. So yeah, there are some (SOME) items that can be safely consumed beyond shelf-life, particularly those that are driven by sensorial changes. But we can't sell people food telling them it is good when nutrients have degraded too far from what is claimed on the label, because there are some people who have nutritional needs for medical reasons. And it should be obvious why we don't want people eating food that has had significant microbial outgrowth.
Shelf-life is not only dependent on the food and its origin, but how it's processed, the kind of packaging it's in, how it's transported, and how it's stored. Companies spend a lot of money testing their products to determine what factors impact it and how severely so they can get the most shelf-life possible. It is not safe to eat expired food if you don't have special insight of the product, process, packaging, origin, transport, and storage, as well as what has been tested and what those results were.
After seeing the very well sold and totally misguided information spewed about this topic from John Oliver, I started researching all other subjects that I cared about and discovered almost everything John Oliver says is misinformation. He tries to sell everything as evil at its core, when it so often is not.
True rent control has never been tried
We can spend our way out of inflation, we just need to spend more next time.
This is the best comment I've read yet.
True rent control will def lead to utopia.
yes comrade. we must rise up and strike down the proletariat landowners🤣
have a like m8
Important to note the same people that suggest rent going up is only greed are first in line to propose and vote for property tax increases
Before - "tAx ThE rIcH!"
Later - "Hey! Why You Raise Me Rent?!?"
This is what 2+2=5 produces. And most landlords are barely even maintaining their margins unless they're doing the Section 8 scam which has unusually high capital requirements as a barrier to entry.
These are also the same people who can't figure out if they're a boy, or a girl, or an alligator. So don't expect anything else they mouth fart about to make any sense.
Because they don't pay any
I also managed properties in NYC for the in-laws and their grandmother had worked for 60 odd years from scratch(poor West Indian immigrant) and went from initially renting to owning three apartment buildings in Brooklyn before she died. I had to deal with several the trashiest and most disgusting tenants who had been bullying an 89 year old woman out of her rent. They had basically squatted and trashed the place for a several years before we finally found out about it and took over management.
It took like an expensive year or so(lawyer's fees) just to sell the place because this one pos guy who had been extorting the old lady for years and wouldn't budge and she couldn't evict. And that's not even a rent control problem but just shows how in NYC even, and often especially, the worst people have more legal protections than people who strive to do everything right and square.
It's words/appearances versus body language/actions. They want to appear to be on the side of the average person because that makes them look good. But they also want to cash in on the rent increase to increase their own wealth. If they came out and said they were all for rent control, they would be voted out or lose a ton of business because they admit to being greedy little pigs.
Words vs actions is a very big problem when it comes to the progressive left in general. Most of their policies are words that cover up sin (namely, greed and gluttony). But also wrath, lust, and sloth as well.
I can’t afford a home because a third of my income is taken in taxes and is spent in a way that just makes homes more expensive.
"greedy landlords" being said by people having about half their income go to taxes. theres ya living wage...
Haha! Ye, abolish rent cause the gov is out to get us!
People in blue cities fail to realize how much money is taken from us due to taxes and put into bull programs. Like the DIE stuff that people usually just ignore. Mayor Adams in New York gave millions for the LGBT community completely ignoring our failing MTA infrastructure.
They don’t understand or care.
On top of that in some places homes are affected by laws to prevent people under a certain income from affording them. Like they actually want people to go homeless. No, wait, that's exactly what they want. Yes, they want people to go homeless, can't get a job, can't make a living, can't build wealth/all their wealth goes to the elites, and have to dependent on the govt for everything, including giving the govt attention and validation because they're the saviors of the people. Everyone from the 400k mark and down is a target for this goal.
@@mikerubin290 That's not what they said
Don't forget that the CDC told people they didn't have to pay rent for over a year because Covid, and property owners had eat that loss. They need to make up that money somewhere. They're not running a non profit charity
Yea but making a profit is bad, and capitalist greed. But only when other people do it. It's fine when I do it at my Starbucks job I call in sick to twice a week, while complaining about how I should make a "living wage".
-every leftist
@@markzuckergecko621
And it's perfectly ok if someone like John Oliver demands an extra million a year to stay competitive and because he's "worth it"
@@theimmortal4718 it is pretty damn hilarious how the same people who are always whining about exploitation and people not actually earning what the make are also celebrity worshippers. And if there was one specific profession or group of professions that really don't actually produce anything of value, at least not in proportion to what they make, it's entertainers.
"It's a free country, not rent-free country!"
@@markzuckergecko621
They simultaneously decry exploitation, while robbing, stealing, and cheating from people trying to make a living.
Rent control is a classic example of implementing a policy and blaming the bad results on everything but the policy. It's the naivete of not understanding that prices aren't just a number that a seller arbitrarily decides but rather an indication of how much people want something and how much of it there is.
But when the rentals available are low the "seller" can arbitrarily decide whatever they want.
Also it's a nuanced subject due to the amount of abounded houses and bank own properties that don't ever get sold rented or used..its all Hella messed up...but let's send 40 bill to ukaraine
@Frank Arrietta facts. that's why rent control exists. and despite what this dumb grifter keeps blabbing on about being absolute bullshit. This dude actually thinks hes going to be economically mobile into the upper class. He won't. He's ignorant of how the economy is designed by Billionaires to keep people like him operating to make them richer and specifically designed to keep him out of the club. And they un-ironically call us "sheeple"
@Frank Arrietta if your landlord wants to increase the rent, you can move. If he thinks that he won't find another tenant at that price, do you think he would still increase the rent? Of course not. But if he does find someone else, meaning the demand of it is big, of course he's gonna let you go. The price is always demand and supply.
@@SuperTommox what a lot of landlords don’t seem to understand, is that the month or so it takes to find a new tenant, costs more than the extra $100 a month he will get out of me for the next year or two.
But now… because of everything going on, landlords can now find tenants before the current one is even gone. This will create a problem later on, when entitled landlords, will continue their actions, in an environment that no longer exists
Amazing how, a lot of these people who advocate for more Government intervention never look at what the government has already done.
Yeah, you would think if a policy made a growing problem become even worse far faster, you would go back and see if it was the thing you just did that contributed to the issue.
When you try something stupid and it doesn't work obviously the correct response is to double down on your stupid choice. At least that's what demoKKKrats have taught me.
@@SupersaiyanChristian Ya, if they actually wanted to solve the problem. They don't though.
The rich ones don't look because they typically don't have to face the consequences of their endorsements.
But they do. They'll unironically argue on next week's show that cops are evil racists who only go around killing black kids.
Then the show after that they'll talk about how only cops should have guns.
They know exactly what they're doing.
I rented a three bedroom house, years ago. needed a roommate after one of us left. first time using craigslist, our new roommate seemed really cool until the exact moment we all signed the lease. that dude was literally smoking crack and newports in the house all day. he had a 2 year old son that he didn't know how to raise (on more than one occasion, i walked into the kitchen to this kid standing on a chair playing with the stove).
This guy put down the security deposit and never paid a single months rent after that, it took about 4-5 months to evict him, and that only really happened once i figured out that this guy had a warrant out, which i informed my landlord of. I'll always remember you, Ed.
Sounds like a guy named Ed that I use to know here in Phoenix.
I'll take "things that never happened" for 500
John Oliver wants to make it impossible for you to run a background check on that guy & nearly impossible to evict him
@@JonezBBQ these things definitely do happen and even more frequently as rent goes higher. roomates are a thing ya know.
@@JonezBBQ I mean i don't have any comparable experiences to that, so it was an outlier for sure, but if you unshelter urself you'll see there's a lot of crazy people out there. and philly is kinda ratchet
Landlords couldn't evict people or collect rent for an unspecified period of time... Yes they are raising rents to claw back losses.... Guess we gloss over that
I feel so bad for them
I just commented the same thing. They couldn't force rent to be collected for TWO YEARS, & couldn't evict for non-payment, & now that landlords are actually charging market value, fuck them? _Excuse Me?!?_
@@billred3820 Aw poor little billy
Do you not know how investments work?
And Blackrock cleaned up with buying houses from small time owners.
Rent is not going up everywhere across the country, it's going up in high demand areas. My rent for a 2 bedroom house with a driveway and a large yard is $600. It's been that much since I moved 5 years ago. Why? Because it's not high demand area.
You've got people that refuse to live anywhere but a large city and then don't understand why it's so expensive. It's not hard to figure out.
Where are you?
@@Zeus17x Jamestown, Ny. Granted, it's a shitty town, the jobs don't pay very well and there isn't shit to do. But at least I don't struggle to pay rent. I have plenty money leftover to live a pretty comfortable life. Single 36 year old man with no roommates.
@@runswithraptors but the cost of living in cities is outrageous. So even if you get a good paying job, you still end up broke.
@@runswithraptors Corona proved that many, many jobs can be done without setting foot in an office. Many people just want the "big city life".
@Diana Paying 40-60% of your income to rent is also not sustainable. Looking to the government to solve this problem for you, as Sean succinctly demonstrated in this video, is not a solution and just makes things worse.
A few famous rich people that have lived for years in rent controlled apartments, Carly Simon, Cyndi Lauper, and Ed Koch. Ed Koch was the Mayor of New York for over 12 years but he kept his rent controlled apartment in Greenich Village the entire time. New York Representative Charles Rangle had three rent controlled apartments even though you are only allowed to have one rent controlled apartment and in two of the rent controlled apartments he ran a business out of the apartmenents, but that is okay because he is a Democrat like all the other examples.
Rangel had 4 & it was estimated he made 30k a year by holding them
@@ActualJusticeWarrior Does Keto w/ Justice make you read the comments, or is that just the type of person you are?
@@MattGPT-eh4cp Does it matter?
@@therainman7777 The trolls are out in force today. Oliver is a sacred cow to the halfwits.
People used to joke that purging Republicans are a legitimate form of self-defense. Sadly Its not a joke anymore. :(
I love the "greed" argument. It's so childish. "Mean people did it".
If greed is the reason of the increase of 50%, does this mean that landlords were 50% less greedy before the pandemic?
It does actually happen with landlords in certain areas. It happened where I lived before the pandemic. Basically, a big developer built a huge apt complex and started charging nearly twice the going rate in the area for their apts. Landlords saw this and three months later, nearly all of them had increased their rates to match. Our landlord didn't and told me there was no reason to do so because their costs had not gone up at all. He actually called them greedy and said there was no reason for it. Maybe that's different where you live, but greed is sometimes a factor.
@@billybatson7852 Greed is always a factor, no one is going out and building Amazon or Google because of altruism. You will never get rid of greed, capitalism harnesses greed so we can all benefit, socialism tries to outlaw it so only the dishonest people benefit.
@@billybatson7852 then your area was in a drastic rental shortage. Why would anyone choose to pay more if there are cheaper options?
Exactly... it's like so they JUST became greedy overnight? No if they are greedy now they where greedy before. There is a reason ALL housing is going up and it isn't some conspiracy of greedy landlords all getting together to raise rent.
@@billybatson7852 why would anyone rent the apartments that cost 2x as much? That doesn't make sense.
Im a landlord, I actually lowered rent on some of my tenants, forgave others and some apartments I took off the market altogether......We did not mind the gov stopping rents, but if you're going to stop rents you better stop our mortgage payments, taxes, upkeep fees.....etc.. What the government did is punish us hard working, middle class blokes who scrimped and saved to do the right thing and invest in our communities......
When the government needs either a scapegoat or more money, they have to target a group. The lower class aren’t good because everyone feels sorry for them and they have nothing to take. The upper class aren’t good because they have too much money and power to be easy targets; they WILL defend themselves because they have the tools to do so. The middle class however? They have just the right amount of money to be worth targeting, but not enough to protect themselves with it, and you can always just claim they’re actually the upper class so nobody will mind you going after them.
Doing all that would still lead to more taxation through inflation. Which would probably be worked into property taxes somehow.
Exactly. If eviction is evil them foreclosure is also evil. Let's be fair and ban that, see what happens.
Exactly what I thought at the time. No rent then the the landlord should not have to pay mortgage or taxes. I totally agree with you on this. While I felt bad the government stopped people from working the government should not punish the landlords. I always felt like this may be the beginning of a socialist agenda.
80% of landlords are rich corporations though. Bet they have made you offers to sell?
How are we still paying for things?! It's CURRENT YEAR!
As a Brit all I can say is, that your are welcome to him America 😂
lmao I was thinking the same thing.
Can we swap back for Piers Morgan, he’s reasonable by comparison
LOL no sir
He’s not a actual American. Just a second class citizen
Are you saying that the UK isn't seeking an extradition?
Honest question. Do west coast people think that an English accent = intelligence?
Sadly, yes. It's really "being a foreigner" makes you appeal more because you stand out from the crowd. It's dumb. Accents don't make smarter or better.
I get tired of non-religious people quoting scripture as if it is some epic own.
They completely forgot that you must pay people for what they are owed. The bible blatantly says this.
And of course John Oliver didn’t mention repealing zoning laws or adopting a Land Value Tax.
Believe me, that is because almost no one knew what that was until Mr. Beats did a video on it.
>problem exists
"Well, we need more government intervention and spending!"
^^^this is literally their solution for everything, even when the problem is caused by government intervention.
The government is corrupt, and I'm a libertarian!
-also the same people who want to solve every government problem with more government.
The government wants your well being, don't let them take it from you. - Eastern European saying.
I remember over hearing a UA-cam video my manager was watching. And the dude was criticizing republicans for not funding "x, y, and z" if we choose to not get rid of our "assault weapons". Like, have you ever thought that we see problems with the government and want to solve these problems separate from the government, not give the government more funding and therefor more power over our lives. I am not a republican myself, though I have a similar thought in this manner. And god do I hate the idea of 'just get the government to solve it" mentality.
@@slydoorkeeper4783 They should look around them and see all the corrupt and incompetent people, then realize that the government is drawn from the same population.
By and large, they aren't any better at fixing problems than your local gas station manager. But noooo, they think there's something in the Washington DC water that makes them magically more competent and less corrupt than the rest of us...
@@bandit6272 fucking on point dude, and God am I sick of it.
At age 30 it’s kinda BS that even while I’m making more money by far than minimum wage that I can’t afford a 1 bedroom apartment in my area.
I got sick of paying 900 just for rent so I got a house for 1000 a month instead. I got very lucky in Houston but I would never rent again.
1k/mo house in Houston? Liar.
Hey just responding to the the correlation between rent control cities and their high rent: I don’t really believe that correlation equals causation. Houston and Dallas are both cities which have large amounts of land and single family zoning, which would increase the amount of housing. In NYC for example vastly more people live in the city and live in surrounding suburbs in NJ or on Long Island so that isn’t counted AFAIK.
I do agree with you in that rent control/stabilisation are very flawed. However many other reforms such as making housing courts fairer or having the government subsidising or even building housing would be highly beneficial as housing is still a human right.
15 years ago i moved in my first studio apt paying $1000/mo, then I got an apt for $1100/mo, then $1200/mo, and as I made more and more money, I was able to get an apt for $1300/mo all the way up to $1800/mo. The only problem is, it's still my same 1st apt. The more money I make, the more they raise the rent. I can't get out and down is homelessness.
Profit motive...?
Timeline? A 15 year timespan makes that less that $100/mo increase every year. Also, location? Is it middle of nowhere Alabama or Manhattan, New York?
@@paytonyoder1260 los angeles
@@Endymion766 yeah, that’s an expensive place to live at.
AJW's ability of attention to details and articulation along with making clear-cut points is unmatched.
Seriously enjoying this kind of content and you've definitely earned my sub, you honestly deserve a lot more.
Ikr, been legit hanging on for each upload, always entertaining, "wHeRe WeRe YoU jAn 6" always cracks me up
I need a laugh emoji here. We incentivize the rich. Let's ban corporations from owning housing. Let's say only people can own housing. And let's exempt housing from investment laws & tax breaks so we stop helping the rich the ruin life for everybody else. We give renters UP TO $3k in deductions for rent. We give slum lords UNLIMITED deductions. If they pay money for it, it's a cost. It's a deduction. Own your own home? Maximum $10k deduction but only on the interest rate of your mortgage. Nothing else. Again, slum lords get UNLIMITED deductions. THESE LAWS ARE NOT WRITTEN BY THE POOR & WORKING CLASS. They were all written by & for the rich. It's a travesty. You're on the wrong side. Switch.
Crossed state lines montages are the best! Ana the dope.
@@jtem9313
Pure fantasy.
@Jtem
LOL
It's hilarious that you assume so-called "slum-lords' are magically "rich".
On behalf of everyone in Britain, I'm so sorry America. We aren't all like him I swear.
I know...it's not your fault... but there seems to be a disproportionate amount of snarky, self-righteous leftist Brits in the media and online...
He failed as a comedian in Britain.
Most of you are. It's not your fault. I still love you.
You mean I can't work part time at McDonald's and afford to live in a 2 bedroom home by myself? I tHOuGHt tHis wUZ AMeRiCA!!!!!!!
exactly where could you live working part time at mcdonalds?
People literally used to be able to afford a several bedroom house for $30k on a minimum wage job.
@@firstspectre3928 well even today's minimum wage would be somewhere in the ballpark of $20k a year, if you work full time. So that would require some pretty damn frugal living to afford payments on that plus food and other stuff, on the minimum wage of yesteryear.
I was a renter through undergrad, grad school, and a little bit beyond and the long term perspective really made me not want to ever be a landlord due to the quantity of terrible tenants I've seen come and go. In one house I lived in for about five years, I saw tenants pull the following stunts:
-burning furniture on the lawn rather than selling it or paying to have it taken to the dump. This was right when I moved in and I asked the landlady if I could have some bricks to redo the firepit in the backyard. She swore we didn't have a firepit until I showed her the gigantic blast mark.
-giving the wall a shower until the mould set in. I was in the basement so I noticed something was up when one of my hanging plants was getting watered automatically, by the drip coming down the eyehook in the ceiling.
-single mother sob story and her friend let in at below market rates who promptly decided to pay nothing rather than the lowered rent agreed, and then trashed the furniture that was bought for them by the landlady when they moved out two months later. On the way out they spraypainted some exciting profanities on the snow in the front yard (it's actually a blessing they left as it's illegal to evict people in some places during half of the year because of the cold...)
-Taking cold showers because the upstairs tenant didn't feel like paying the gas bill that month (the deal there was a 2/3, 1/3 split upper and lower based on the 4:2 bedrooms).
-Getting packages stolen by the same tenants who still tried to scam me in to taking on the gas and electric bills they had no intent of paying...
-Hearing screamed death threats through the ceiling when the landlady finally did evict them after months of non payment and hoping that they weren't going to retaliate by burning the place down while I was sleeping.
Since then I've learned that in some US jurisdictions it's possible to have an overlap between the regulations that say you're not allowed to evict a tenant in winter, but the city will also fine the landlord or confiscate the property if the tenants are selling drugs. Literally damned if you do damned if you don't situations.
So yes, I have also had a 'bad landlord' or two, but the level of abuse and neglect I've seen inflicted by tenants is far far higher than the amount I've seen from landlords over my whole circle of friends and family combined.
Adding to this list: I work in an overwhelmingly blue city helping landlords deal with the very slow and often picky eviction system. Fairly wide range of owners (private individual with a unit or two all the way up to company owned complexes with several hundred units) and rental prices (rent assist up to fairly nice with various amenities).
- One guy decided it was too hot to work on his car's engine outside, so... he just took it inside and dumped it on the living room floor. Grease and motor oil everywhere, then refused to pay for cleaning/repairs.
- A bedbug infested mattress getting thrown in the community dumpster and a different tenant pulling it out and attempting to use it, re-spreading the bedbugs.
- The same unusual name renting an apartment at 3 different complexes. Never paid a cent towards any of them or showed up to court. We think it might have been a case of identity theft but never really found out.
- A social worker in a neighboring red county telling someone being evicted to move here because they'd "get more benefits".
- A lady claiming that the maintenance crew moved her furniture around at night. Never alleged anything missing or broken, just moved slightly.
- Someone who had been filed on moved out in the middle of the night. Instead of telling the landlord and turning in the keys, they gave them to someone else. That second person was squatting in the apartment for a week or two and ended up shooting third person during a drug deal gone bad.
- We got a lot of people trying to argue they can't be evicted because they paid their rent. While the rent was $x/mo and they had paid exactly that each month, they hadn't paid the water or trash bill (etc) for several months. We try to explain to them that their "rent" money goes to cover whatever the oldest outstanding debt is, and that they can't pay for just rent. They still owe this month's rent because the $x they turned in was paying to catch up on a previous month(s) utilities. That's met with a lot of blank stares and confusion (and occasionally, cursing). "but I **still** don't understand. I done paid my rent this month, so how is you evicting me?!?" Hard to tell which ones think they're outsmarting the system and which ones are just can't grasp basic financial ledgers.
- Someone that argued it was illegal to charge them a late fee, because while rent was due by the 3rd of the month, they didn't get paid until the 15th of each month.
We're willing to work with most of them and try to reach an agreement, but some just want to be stubborn. Most of the tenants are at least trying to catch up and being polite about it (perhaps a little less so with all the covid-delayed evictions finally coming through), but it can get a little depressing at times seeing just how bad some of them are.
@@Onibushou The COVID eviction moratorium was understandable on a human level BUT the CDC needs to make the landlords whole as they effectively took away their property rights without trial. Trying to recover costs from a deadbeat renter in court is a bit of a joke as the costs to get a judgement will quickly exceed the outstanding balance, and good luck collecting.
Me and my girlfriend rented a house with my cousin and his girlfriend and we paid them half the money to pay the bills with as they wanted them in their name to build up credit. Fine, I thought. A bit of a surprise when 3 months later we're being evicted and utilities are randomly being shut off when I find out no bills actually got paid
@@martymcfly88mph35 I think one of the biggest problems with the current education system that needs to be fixed is not that more people need to go to college, but that the universal public K-12 education needs to actually drill balancing a budget in to the student's heads. I've been amazed by the number of people I've known who carry credit card debt and just don't realize how much they are hurting themselves by doing it, yet have strong opinions on the rich needing to 'pay their share'. These are the types of people that win millions in the lottery and end up bankrupt 5 years later. I'm assuming there was no malice involved as I would like to think that your cousin wouldn't intentionally screw you over, but they ended up doing that anyway intentional or not through their irresponsibility. (I am willing to bet they had a cellphone and a car even while they wouldn't pay to keep the lights on.)
@@RN1441 yeah I found out the "little bit of partying" they talked about turned out to be a full blown opiate addiction. And the "party" was more crushing up pills and snorting them then passing out all day. Not much of a party really
Funny, my house has shot up in market value since 2020, and we haven't spent a penny on those building materials you were talking about. In fact, haven't spent more than $10,000 total on any appliance or any renovation. So somehow by sitting on a piece of living space for two years it's been decided that it's worth 40% more than it was when we bought it, while inflation is at 9.1%. The best part is, if we sell it there's actually no gain because every other house has shot up too. All that seems to be happening is, major real estate companies are buying up houses, artificially raising value, and either selling them with little to no renovations (if so with undocumented work) or turning them into rental properties indefinitely so here goes that phrase conservatives love so much > "you'll own nothing, and you'll be happy".
I haven't seen a studio in New Hampshire for less than a thousand in a decade, although I don't look constantly 400 a month is a steal anywhere.
My friend watches John Oliver almost religiously and unfortunately any time I try and point out the show is misleading is usually responded with paragraphs of excuses as to why whatever I pointed out is wrong in his eyes. I value my friendship so I don't push the issue, but it's sad seeing someone lead around like that.
I can relate, I know a few people who are progressive, Im happy to have had calm conversations with them, but it's such a flawed worldview because it leads to issues, we have been fed samples of this idiotic worldview since the 20th century and its a miricle that things have gotten worse recently.
I have a liberal friend who works in D.C. Before he moved we disagreed but often had engaging and thoughtful conversations. After his move, we don't talk politics anymore becuase only people in D.C know the truth. The properganda is real
Hate to break it to you. But if your friend is that far gone the friendship is totally worthless.
Your "friend" will rat you out any chance he gets. Just watch how these red flag laws get abused.
I knew a guy who supported increasing property taxes, I told him his rent would go up, he said "F those rich guys! They make too much money."
Less than half a year later after the tax hike took effect his rent went up. He of course never connected the two events and just cried that his landlord was a 'greedy capitalist' I was SO glad when I moved away from him
Stupid of that caliber is unfixable
I say the exact same thing to my "friends" ( not real friends bc i refuse to associate with them, a friends friend.) the believe in the "TAX THE RICH" philosophy, you're right, they cant connect the two points. When I do connect the points for them, in a clear as day explanation, their default response,
NO JOKE this is what they will say.
" Yeah, BECAUSE they are greedy! they should NOT raise rent"
Literally dealing with children at that point.
@@Denver_____ LOL exactly! just like a kid in a huff **stomps foot** "well they shouldn't be allowed to raise the rent then"
if they think home ownership is cheap or easy why don't they just buy their own houses? oh right! because that's not how the world works and it ISN'T that cheap or easy.
at times I wonder if those kinds of people can ever be helped
I live in benbrook Texas, (outer perimeter of Fort Worth) me and my girlfriend rented a 1 bed 1 bath apartment in 2020 for 900 a month without utilities. That very same apartment today is priced on their website at $1,350. Apartments always go off of market rates I understand, but those rates have been steadily increasing for the entire year.
Typically higher demand is met with more building. This had been true in Texas for decade. Right now due to lockdowns building materials are short so it's gonna take a while for rents to stabilize there. However in the major left wing metros with insane restrictions, the prices will always rise even with the supply chain issues for materials being solved
@@ActualJusticeWarrior I agree rent control would only worsen the situation. Hopefully we begin to see new building soon. Thanks for the reply AJW!
On behalf of all Brits, all I can say is: You got your independence, the price you pay is we sent you John Oliver. No returns.
If greed were causing prices to increase, then greed would also cause them to come back down. Greedy landlords would undercut the overpriced rent prices and fill all of their vacancies. All of the overpriced landlords would follow suit and decrease rental rates.
One of the main causes of increasing rent and housing prices is mass migration. The housing constructing industry can’t keep up with the increasing demand caused by immigration.
Finally someone else is saying it. It's especially bad here in California. How do people not see that having ridiculous amount of red tape just to build homes combined with seemingly limitless migration is obviously going to cause a shortage?
John Oliver’s writers must hang out on Reddit a lot. Probably reading the anitwork subreddit.
As that may be true, nobody wants to work 60 to 80 hours a week just keep a roof over their heads - as is my case.
So, take it from me: it isn't all allergic to work types bitching about this.
I have to disagree with you that 22 to 34 year old should have room mates 22 to 34 year olds should be getting married and having babies starting a family
Better work on finding a better than minimum wage job. My local McDonald's is paying $13 an hour.
Probably have to work pretty hard to find a minimum wage job right now.
Getting married is getting a permanent roommate.
@@Br3ttM starting a family isn't getting a roommate someone needs to be home with the kids if you are doing it right
All I know is over here in Canada. My gas bill went up, my insurance went up, my property tax went up, utilities went up this year. Assuming it's the same for rental properties.
hmmm why would they need to raise the rent?
So the average rent in NYC is $2700/month? That is 3 times what I pay for my mortgage on a house in southwest Oklahoma.
You could just do one show per week debunking John Oliver. It's great content. 👍
This one was obviously off the ,mark and a reasonably intelligent person can see that. However he has done far more shows that are spot on.
@@dall1786 are you referring to Oliver, or AJW?
Minimum wage single moms and dads don't exist, I guess? 2 bedrooms is a must for many minimum wage earners.
I'm.old enough to remember when govt told people they didn't have to pay rent for over a year.
Theres a reason why John Oliver has Never had a guest on his show
As a “skilled” tradesman who’s been working in commercial construction during the pandemic: John Oliver is absolutely full of it and AJW is correct.
Great example: the price of copper as of this moment I write this post is $4.08/lb. In Feb ‘22, it was $4.80/lb. I’m sure Limey John can’t fathom how much romex/MC cable/THHN in conduit is required to adequately wire up a multi-family dwelling, much less a single family dwelling. You are most definitely going to be paying well into five digits territory *just* for the wire on a job like that. I’m not even talking about lumber (which was and still is also outrageously priced), or even how the costs of any material is still impacted by transportation costs (I.e.: the cost of *diesel*).
just curious but what about apartment complexes and homes that are already built? how often is copper replaced? if you're lucky never after inital install. if you're unlucky maybe once.
@@j3ncain remodels/renovations
Do keep in mind these people don’t think of the cost of the final product let alone the cost of materials. They think housing just magically appears and is taken over by some greedy landlord not built and paid for by the landlord. These are the same people who think that you actually get food from the grocery store and not that the grocery store gets the food from the farm.
You should probably also include air conditioning as the tubing and coils are largely made of copper. I think gas lines are also copper. Water is probably mostly PVC now, but likely copper on hot water lines a lot still.
@@leeself8361 also infinite capacitors for refrigerated air units. Because that’s always the thing that you need to replace when they’re borked
So , I guess the flood of new renters (2.5 million)being brought into the country and flown to their preferred destination has no impact on the supply/demand scenario ?
they cant afford to rent so why would they affect? they are just the homeless on the street
@@Redmanticore You sound like you've never seen a homeless person before. None of them are immigrants
And the majority of evicted black renters are also not paying their rent and there for the courts decided they are no longer renters. Funny how that works.
These ppl are the first to say "trust the experts" but when every economist says rent control is a terrible policy they ignore it
That housing rent chart is so out of date Boston has the same rent prices as new York right now the cut off date of the graph was 2015 we're in 2022
Massachusetts in general is ridiculous
I rent room, I have four houses. It's disgusting how Democrats try to dehumanize me when I do my best to make a living and give a safe home to people that can't afford an apartment. I pay for everything else, all they have to do is pay monthly rent. If bills go up, mortgage goes up, I try to spread that cost on all the house so everyone only pays 10 extra. Sometimes people just can't pay or play games and you have to kick ppl out because that's you feed your family. Hardest thing I had to do is kick a 60 year old man with cancer because he turned into an alcoholic that started fights and didn't pay. It's not as simple as "landlord bad" because your renters can be shitty people and the market does force your hand to charge more or else no one gets a place to sleep.
I enjoyed some of John Oliver's episodes. Then he did one on Pregnancy Crisis Centers. When I watched it, I was closer to "pro-choice" than I was "pro-life," but I lived in a conservative area, so I knew what these people did. What Oliver described as mere fronts to lure unsuspecting women in to not having abortions was, to me, conservatives putting their money where their mouths are. It's an answer to the common liberal charge that conservatives stop caring about the fetus as soon as it's born.
I also couldn't quite buy the premise that a women talked out of an abortion - paired with very generous offers of support - had been wronged in some way.
Years later, one such center would give my then-fiance free ultrasounds as I was getting her on to my insurance. They gave us supplies and help. There was no question of abortion for us at any point, and they offered additional help freely. I'm proud that we're in a position now to donate to The Pregnancy Resource Center, and I would highly recommend anyone reading to do the same.
Hahahaha South Africa. Like when you have to earn below a certain amount to qualify for a RDP house and end up on a very long waiting list. Only to find out that after years, a local politician's child applied for one (or four) of these units claiming to earn below the the threshold amount, got bumped up the waiting list ( because its who you know right) and got the FREE house. Is now renting it to said low income earners, making virtually 100% profit. And paying highly discounted rates and taxes. Yeah John Oliver. Keep using My home country's highly corrupt government as an example..... here's an idea. Why don't you move to it. Let's see how you love to live in a country where the Cops not only gets mugged and the police stations get robbed (of mostly guns....) but some of them arrested for shop Burglary when they are recognized by the victims as they go to the police stations to report the crimes..... and it takes you up to 18 months to apply and in some cases qualify for a Firearm license.
When you realize wait a minute hes saying the people who earn the least should be able to afford the average. By definition the average income should afford the average house.
People on minimum wage can afford more than the minimum video games, TVs, phones, computers, etc. So I don't necessarily accept the idea that minimum wage should only afford minimum living standards. The problem is the government is preventing prices in living standards from ever coming down, the way it happens in free markets like the aforementioned products.
@@snex000 what is the “minimum video game”? Is it one a moth or something like that? What are all the minimums of all the other things you listed? What is the acceptable level that a minimum wage earner should be able to afford?
@@paytonyoder1260 The minimum video game would be free games. Imagine that, a market so amazing that we literally give products away for free. And I said nothing about "acceptable." I said that you can afford higher than minimum quality [other goods] despite being on minimum wage, therefore there's nothing magical about shelter that necessitates minimum wage = minimum shelter.
@@snex000 “free” video games are designed to suck money from you through many various methods. And you’re using minimum subjectively. Someone earning minimum wage would mean necessarily that they are getting the minimum in life because they are at the bottom financially.
Also, scaling up from video games and TV, the same purchases that are cheap to just about anybody, and comparing it to housing which is much more expensive is disingenuous. What even is the minimum in housing? Is it a studio apartment? A tent? A one bedroom house? A car? If it’s just about having a place to sleep then you can easily say it’s a tent. But if you’re talking about an address that you stay at then it’s suddenly an apartment or a home, which are drastically different things.
@@paytonyoder1260 First of all, I said free, not freemium. Secondly, nobody is forced to use the pay-only features of freemium video games. Finally, this is all irrelevant as the point is that minimum wage workers can afford BETTER video games than free or freemium. So, do you want to stop playing stupid pedantic games and actually address the point, or do you want to admit to the idea that free markets actually work when they're allowed to?
Rent control made San Francisco and it's surrounding areas worse. Mix that with all the regulations and taxes and policies enacted that make building insanely expensive especially in area's surrounding SF and you see $3700 average Rent in SF.
I just watched a video about Elon Musk talking about building his new factory in Texas instead of California. He said it would of taking 2 or 3 years longer to build in California, they would still be getting permits and it would of cost about twice as much.
Those 20,000 jobs all went to Texas.
@@vinyllpreviews9462 Also, California locked down his factory with the virus restrictions, so the existing factory couldn't be used at all for months, even when he proposed a ton of measures to prevent transmission, and other places were ending those bans on non-essential work.
To be fair, the initial reason for aggressive building regulations did make sense since half-assed engineering that would've held up in most other cities collapsed and burned during the 1906 earthquake.
@@vinyllpreviews9462 you lost me at Elon Musk talking.
Rent controls are DISGUSTING.
Period.
Also when will people realize that renting is a fucking scam and a waste of money?? Rents can go up but mortgages don't raise, I never wanna go back to renting
Sounds like Oliver could've saved himself a lot of embarrassment and time for new segments by just watching AJW who thoroughly debunked this topic a few times already. Time to sign a petition for an AJW hbo show.
John Oliver: we need more low cost housing!
So are you in favor of low cost condos in your area?
John oliver: are you crazy! That’ll destroy my property valur! Build them somewhere else!
Spoken like a true Brit. This is why we revolted in the first place.
@@googleisevil8958 Yeah there are famously no NIMBYs in the USA
Did he actually say that?
Why don't we just pass a law that says only 1000 murders can be committed per year? Surely that should solve the murder problem right?
I lost any respect I had left for this guy when he defended the Green New Deal
He was a tool even before that
He also tried to convince everyone in 2021 that we are so much better off with Biden, and that everything would be much worse with Trump and mocking if Trump won that .we would be at war with Luxembourg (horrible joke btw). That obviously hasn't aged well considered gas has gone up almost double since thay joke and we are now in a global conflict on the brink of war. But he won't let you ever forget that Orange Man Bad because these people are propagandists.
lol he was dead to me 7 years ago when he made this cringe out of touch hillary shilling episode with ridiculous feminist guilt tripping in it
saw him for the shyster he was then and there
I can happily say I've never lost any respect for John Oliver. Because I never had any to begin with.
In NY City, if an apartment building owner decides to sell the rental units converting them to condos or co-ops, 51% of the _present tenants_ must agree to buy. This law, the Housing Stability and Tenant Protect Act, was enacted in 2019. In Manhattan about 70% of the households live in rental apartments, about 20% co-ops, and the remainder condos. Renters are building the landlords' equity. Go out to Long Island and it's the reverse. Over 70% of households are homeowners, building their own equity.
I agree that the disposition with which John Oliver assumes everything is racist is kind of ridiculous. But... I think you kind of fell into it by saying that there is probably a difference in "behaviour" between white and black tenants, that black tenants behave worst than white tenants. I mean imagine if landlords just assumed that black tenants are worst behave and guess where that would lead. That is just... weird, weird to say and weird to assume. Something that demands further explanation, do you think is biological, sociological?
I mean the reason is obvious right? Why black tenants are evicted more often than white tenants, it is because on average a greater section of the black community fall under the poverty line, they have less money so they are unable to pay rent more often than white people, so they get evicted more often, as simple as that.
16.8% of black families live under the poverty line while 5.8% percent of white, non-hispanic families live under the poverty line. That is almost three times as much in terms of percentage.
Now let us do the math, and I mean the actual math, they said that 20% of tenents are black, so let us assume that 16.8% of those 20% end up under the poberty line and get evicted, that is 3.2% of the total
For the sake of simplicity let us assume that the other 80% are white tenents, so 5.8% of those will fall into the poberty line and get evicted, that is 4.6% of the total.
So in total 7.8% of people get evicted in our scenario, 3.2% black and 5.8% white. So 40% of the total of evictions would be the black people that fell into the poberty line. The number that john oliver sited is 32.7% So I say is close enough for my rough incomplete estimation.
So there you have it... I mean I am sure some measure of racism from the landlord may come into play, but in general I think is a silly argument and misses the big picture entirely.
Black people on average have less money than white people on average, so it is just natural that they get evicted disproportionally more than the white people. No need for racism or... weird unexplained "behaviour" differences.
Of course... black people have on average less money due to the history of inequality, and that history was fueled by racism, there is no getting around that. I would just not push that into landlord racism.
I used to love John Oliver. He, like so many others, have just become paid propagandists.
50k a year just for rent...insane. 3 years of that rent would buy an 1800sq ft house in Kansas out right...
I live on VA disability and my wife owns a small business. Its just her.
We make 80k a year after taxes.
Fortunatly I live in a small TX town.
9 acres, 3b 2 bath home. One new and one used vehicle. After all that and we still live very comfortably. Metropolitan cities can suck it.
4:40
Yes. They did. Lead by Blackrock and Zillow. This isn't a problem that started because of he pandemic either. It's been going on since before the great recession!
Only way to fix the housing problem is to build more housing. That’s it. But most these places refuse to because of NIMBYs, which are on both sides of the political aisle.
People who own homes don't want property values to go down, because they'll lose money. People who can't live there because there isn't housing to live in can't vote there.
@@Br3ttM precisely
"Initiate protocol eviction 66"
"Laughs maniacally"
I did think it was odd when all my landlords started wearing matching white armor.
Can’t believe he went after Dave Ramsey
(Also, this clip was taken way out of context- watch the whole Dave Ramsey show, Dave talks about how to Help your tenants)
Dave has done more to help people than John ever has.
How was the clip taken out of context if John actually said he was answering a question? He did better than TYT, that's for sure.
John Oliver completely misrepresented Dave’s answer
@@thomasarnoldcoe6527 Sure, but to be fair - Dave is a dense asshat when it comes to certain financial matters... Like telling a 20 somethings guy on the phone to just take out $20K in student loans, go to community college, get a cettificate or degree in the guy's interested field, and promised the dude he'd be in a nice house debt free inside of 10 years... when the guy was already living paycheck to paycheck.
Dave's got some good ideas about managing expenses and getting out of credit card debt steadily - but everything else he is clearly just $10 million removed to answer realistically.
Holy shit... He played the Ramsey clip... We've come full circle.
So John Oliver is accusing Dave Ramsey of not caring for the poor,Dave Ramsey’s financial advice over the past 30 years has lifted millions of people out of poverty he has shown whole families generations in families how to build wells live with purpose and Jews like nobody else. I wonder if John Oliver has ever even met a poor person I know he hasn’t helped any of them but his policies have created a hell of a lot of them
And people forget property owners cover Property Taxes $100 week, Property Insurance $60 week, Property Maintenance $$$$$
We are feeling the hate from the whole "slumlord" narrative that's being pushed by the media here in a small Ohio city. My grandfather was renting a home that he loved. He was afraid to evict. They screwed it up big time. He let her skip rent for months. Place is a mess and he is going to clean it up and sell it now
These people are genuinely evil. Even if the truth is shoved in their face they don't care. Only the narrative matters to them, no matter the suffering it causes.
My landlord has about 30% empty in our complex, mostly due to the “market rate” rent increases. They are pricing out people bas3d on the average purchase price in our area which is affected by the new builds in the area which are up for 200k to 300k that already built houses for sale in the area. Some landlords are just looking at the market value and raising rents regardless of their empty properties in Utah.
Some landlords are not good/smart people.
And nothing is ever going to be perfect for sure.
@@daltonbrasier5491 that was my point, I do not agree with John, but I also did t agree with Shawn in this instance either. There isn’t a middle ground but I’ll never make an argument for the greedy anymore than I’ll make an argument for the lazy or idle
I agree with you. If you didn't buy a house 2 years ago absolutly good luck. I'm 26 with two small kids and my husband died my state says I have to have at least a 2 bedroom home or ill lose my kids. There are circumstances where younger people need a 2 bedroom homes for affordable rates. It used to be rent until you have enough and then buy but there's no way to buy anymore. Shut down these corporate landlords so that they can't buy up all the single family homes and there can actually be starter homes again.
John “just put homeless people in houses” Oliver
Let's not forget - RENT was suspended for a lot of people - but THE BANK and SERVICE STILL want their money...
While you are right on the reasons behind the rent increases, even under perfect conditions, the market can’t correct itself for an extended period of time. There are profit seeking landlords, both corporate and individual, that have increased rents by 20+% in the last year. No normal person including ones that work full time jobs or multiple jobs are prepared for that kind of shock to their finances and don’t have many options in big cities to find other cheaper places. We can admit that there was both bad policies to led to housing shortages and also landlords, realtors, builders and financial companies that are taking advantage of the market to charge are much as possible even if the actual percentage increase in inflation didn’t increase anywhere near that much. None of the rhetoric of bad housing policy actually helps someone whos rent even outside of New York or San Francisco has risen by unmanageable amounts. MAybe it’s okay if corporate landlords backed by hedge funds can’t raise rents right now by more than n% their actual costs haven’t risen by at least n + inflation %. Why are we protecting hedge funds and food distributors that are f****** us? None of this matters if you already have a mortgage or haven’t had your rent raised or aren’t living paycheck to paycheck. You can make fun of far left extremists all you want but you aren’t winning any points until you the lives of working class people easier/cheaper.
Well said. Wow, a normal person in the comments. They can never criticize their "side", it's always just complaining about the other.
Well done, Sean. Keep up the great work!
Constant property tax increases combined with I think we're at $20 min wage here in Seattle makes the land's only value for renting.
There is nowhere in this country right now that is paying minimum wage. There are no workers. McDonalds is paying $15 an hour in my small town in the middle of BFE
Hey, give you a heads up; you are wrong about raising the rent for rent-stabilized apartments in NYC. It depends on what a board votes to raise the rent for the one-year or two-year lease.
Ya know, I used to think John Oliver was passably funny, but that was like 8 years ago when you could maybe argue it was satirical. Nowadays, he actually just pushes stories with no laughs whatsoever; it’s just a mouthpiece for an agenda, which makes it for only a certain demographic rather than a comedy show.
I notice that as well, the jokes and the stupid joke images are gone. Like they gave up entertainment and went straight to properganda.
Yeah, financially you need roommates if you don't make enough to live on your own but I would rather live in my car then live with people, strangers or not. Hell no.
They wouldn't need to raise rent if taxes didn't go up arbitrarily
My dad has a couple of apartments for rent down here in PR. I've learned the hard way just how bad some tenants get...
We had a guy who at first seemed like your typical shut-in once he moved in. You know... not taking baths or cleaning himself.
Okay, then he started smoking illegal substances... and wouldn't stop. Gave him multiple warnings.
Then he started stopped leaving his room to use the bathroom, doing everything in the room.
By this point both my dad and the other tenants wanted him out, so my dad went in to give him the news. He took it well, actually, not fighting or arguing. Left soon after and we had to clean up the room after he left.
He'd uh... he'd drawn satanic symbols and runes on the walls before he left.
I sometimes wonder what became of that guy.
Are we sure it wasn’t John Oliver?
@@williamswiniuch7527 ...this was around 2015 or so... I dunno man. But Bri'ish folk tend to be a slippery people...
@@dfmrcv862 😂
Sounds like that dude had some untreated mental health issues that paired with a drug addiction...
People like Oliver are why I don't invest in rental properties. I'm not taking that kind of risk with that kind of capital when the rules can change over a sob story.
Despite issues, rental properties are one of the best investments to create passive income.
@@billybatson7852 Not when that money is going to repairmen and maintenance and then it's not passive if you want to save money and do repairs and maintenance yourself.
If you are buying a rental property you should know, 100%, what fixes are needed and in what kind of time frame. We bought our house knowing the roof had at least 10-15 year before needing to be replaced, but that the well pump (5k) would need to be replaced within 5.
Any serious person will have at least 10-20k set aside from the start (not including any immediate repairs needed before renting) for major repairs with a portion of each months rent going into the repair fund.
Good, the less time we treat housing as investment vehicles the better.
Alot of this nonsense started when we as a species decided to profit off of necessities such as food and shelter.
@@shelbyherring92 Do you want to profit when you work?
Same reason some group commits more violent crime, same group doesn't think rent is for them to pay.
i was making near minimum wage 8.5$ in florida about 11 years ago. working 40 hours a week living in the cheapest shittiest single bedroom and it was eating 45% of my income. and once i got this job earning 272$ after taxes a week i no longer qualified for food stamps.
Rent control is a fantastic protectionist policy if your constituents are purely lifelong renters. Everyone else subsidizes their living by paying higher rent across the board.
It's a really bad point to mention the 22-34 years old.
The idea that the median person should live with a roommate until they're 35! is insane. That is not a solution.
A good place to live should be conductive to family formation for *more* than even the median person.
And the idea that people should start having kids AT 35 is ridiculous, 35 is the limit actually (no country can survive half its parents using fertility services).
22-34 is the age group that matters for purposes of rent affordability.
No one said you should have a roommate until you're 35. You made that up. I said this demographic is building up their earnings so obviously since you make more as you age then they would have to spend more on living expenses. Yes the younger end of that group in major metro areas should consider roommates. Your point about fertility & all that is completely irrelevant & embarrassing
@@ActualJusticeWarrior what I am pointing out is that the age range for family formation is 20 to 35 (the border is fuzzy, what's possible is not what's realistic as policy).
I think this is incredibly important. I think it should be a priority for any worthwhile society (that wishes to endure) to make it so it is possible for most people to be able to have 1 or 2 children. I cannot think of something more pro-social than that.
Now, maybe it's not possible for families to live on a single minimum wage income. I think that's a failure but that's probably not something we'd agree on.
Anyway, point being that it is not a worthwhile solution to suggest, as you did around the 6:50 mark, that people should have roommates while they're in their 20s and low 30s in order to afford rent.
I don't say any of this because I like John Oliver. I don't. But his points make sense: you need a 2 bedroom in your 20s to 30s to be able to have a family.
I mean, we don't *need* that but I personally don't want to live like in a 3rd world country which is what I mean here.
If I'm single, I don't see why I shouldn't just live with roommates, whatever age I am. It would be important to find a bigger home with no roommates if I was getting married and therefore needed a house to share with my husband.
I am born and raised in Miami Fl. Everyone with eyes to see and ears to hear can agree that rent in MIA is completely corrupt.
Oliver is just like Seth Myers, gets a large audience on a major network and never has to deal with any pushback to his propaganda. People watch this and soak it up as truth, and just assume he's right without every looking into stuff.
Just like Fox News
@@wayneperry7413 Yeah we know. Don't be cringe.
@@daltonbrasier5491 They can't.
It's funny.... We have the exact same problems here in the UK. It's a case of open door immigration, non dispersal of migrants (so they congregate in cities and mostly in London) and not building anywhere near the amount of homes needed to cover the 300,000+ that move here every year.
Yep, but it's not funny.
Yup. But the narrative at the moment is, ah second homes of the rich people are screwing over communities when London and the south east has seen its communities consistently moved out over the last 30 years. At this rate in 20 years all real cockneys will all be up north.
@@RGSMANIA that's exactly true. Thing is all this second home bollocks is exactly that - bollocks.
Posh people with second homes in the country or on the coast do not make that large a number and completely nothing to do with people who want a 3/4 bed semi detached house in Chelmsford or a 2 bed flat in Uxbridge....
He thinks that transgender women are effected by abortion, but if you say this all with a British accent then you’re very smart.
When Blackrock owns such a massive amount of retail, the enemy isn't tenants vs. Landlords.
See the real issues.
8:35 or better yet, realize that almost no one makes minimum wage.
I can't find jobs offering minimum wage. Most are offering near double
I remember arguing with lefties on social media about that shove that killed the landlord. They were all excusing it, calling him a parasite, saying he deserved it, etc. It was disgusting
My sister is a die-hard leftist. Something I've learned from personal experience is that leftists are sociopaths. They enjoy when "the enemy" dies. They relish it.
I, Vincent Kennedy McMhon, can recognize and respectthat kind of RUTHLESS AGGRESSION, but I don’t want to see it directed at the own- er i mean entrepreneurs.
It should have been them who got pushed.
If the rent was only 400 and reduced to 200 bucks there is no excuse for non payment, let alone pushing the guy down the stairs.
Wish I could give these kids a mortgage so I can watch them cry as they get foreclosed on and their credit score is shattered
How much does a person value what they spend? That’s the key. People who value what they spend tend to set budgets as well. And they save. Living a paycheck to paycheck lifestyle reduces spending value as every pay check is never enough anyway. Valuing what you spend will increase appreciation, and most importantly for the land lords, that appreciation leads to taking care of the rental property.
Now, I don’t have stats but this is something I learned from being a landlord. We created an equation that projected our income at year end. We had several condos so we built the equation around keeping full occupancy, and setting a more affordable monthly rate for tenants. What could go wrong?
By end of year, we realized it would have been a lot less stress if we would have priced the out lower income earners. Our tenants did not treat the condos like they would their own homes. Tenants still had trouble with rent as saving and budgeting was non existent. We even had tenants who would break things on purpose as reason for not paying rent. And (this just absolutely blew my mind) we offered trash and recycling at no additional charge, and every week our trash was half full and our recycling was half filled with trash.
My experience may not be the norm, but we felt so drained realizing that even though we offered nice condos at a great rate, we were always the a**holes.
400 bucks a month for rent. In New York city? Um... my studio apartment in a ghetto area of Kansas city cost 400 per month 20 years ago wtf.