Rent has jumped for tenants across the Las Vegas valley, and more and more people simply can't afford it. Tricia Kean reports. Read more at ktnv.com/pricedout
How the hell is one of the States with the lowest jobs rate, lowest income per capita, most abhorrent schools, and biggest threat from climate change (water and electricity are going to become unspeakably expensive in the next 5-7 years in Vegas/Nevada) becoming one of the most expensive places to live? There is NOTHING justifying it. Maybe it’s climate migration from the Californians who can’t afford their cost of living and fear all of the wildfires that’s driving the price up?
Pretty soon those who are needed to work will not be able to afford to live here. Then, there will be reports of severe labor shortage. It's almost like the city is turning its back on those whose hard work and heart went into making it.
I think there are a lot of people moving out , it's just more people are moving in than out. Its been that way for decades wealthier people from California and New York moving in and native Nevadans moving out . That is probably one big reason the casinos are trying to automate everything so quickly because they know service employees are not going to be able to live here very much longer, at least in the numbers they have historically.
@@jessemcelroy5266 totally agree with you. Service workers making an average of 12-15 per hr could never afford the high rental or home prices in the Las Vegas Valley. This includes Henderson and Boulder City as well. I love when people say move out. Go to another city. Well rents and home prices are up across the country. Have these people looked in to the prices that moving companies are charging these days? Obviously not. Because they wouldn’t be so fast to give advice to just move. Well maybe if they have nothing to their name, and can just pick up and go at the drop of a hat. Kind of like a homeless person. Unbelievable!
Problem is this is happening everywhere in the U.S. and other countries too apparently. It's the end of the middle class in general, you're either a Lord of the land or a peasant now, no in-between.
This is happening in all major cities. Here in South FL we are experiencing the same thing. On top of housing, gasoline and groceries are shy high. No joke, toothpaste at my local grocery store is $4.75-5.50 for a single tube of toothpaste. This is at a chain grocery store, not high end store.
I get my toothpaste and soap and deodorant from dollar general, it's cheaper than anywhere else and they have coupons you can add on their website. And if you go on Saturdays they have a $5 off of your order of $25 or more, combine that with the store coupons and I save a lot and stock up on household items
😬😬 Your wages in Florida are notoriously low. I'm trying to figure out who is paying these sky high rents over there. Obviously not Floridians with a 9-5 job.....
@@Shazzyhtown people like my boss dont want to go back to the office so they rent in a beach or warm area like Florida and Nevada. You can't compete with her as she works from home in her pajamas and flipflops.
@@mrdeebo313 I walked into our local dollar store (can’t remember if it was Dollar Tree or Dollar General) and it was FILTHY. Rat droppings, food items on the dirty floor etc. I walked out. Sounds like your store is in better shape than ours. South FL is a hellhole. We had to move here for my husband’s job, we cannot wait to leave! 😀
Hadn't been i Vegas for 7 years but when I was there recently it felt like California. It's identity is gone. Corporate America with Democrat Liberals in their pocket is to blame.
Really depressing stuff. Las Vegas is all I know, and soon I may have to say goodbye. My rent has gone up 40% in just 2 years. As a young parent it’s just to much. Raiders? Golden Knights? The A listers on The Strip? What a blessing eh? The vast majority of us pre October 2nd 2018 locals haven’t seen a second of it. We built this city, and can no longer afford to live here. Some of us aren’t here just for the events, or entertainment, but because we have our loved ones buried here. Alas Las Vegas is becoming just another Los Angeles suburb.
Yes, it is disappointing. You will probably see a significant price drop once interest rates reach a certain level, but it is probably going to take a couple years to get there. The Fed likes to raise rates in 1/4 point increments, meaning it will be slow sailing. I do think the state's and city's best days are behind them, though.
You should find a way to stay. Vegas is like the ugliest baby in the world - only a native could love living there. If you can make it through a couple of more years until the fools who moved there wise up to the horrendous summers and threat of drought, the prices will begin to come down again. There is no job market there that justifies the cost. Nor are the schools worth it.
@@debbY100 I just moved to Vegas from Atlanta and lived in Florida 20 years.... you're horribly incorrect. Florida weather is terrible with the chance of hurricanes every year. Abundance of racism and real estate is getting like California. Atlanta is no better with horrible traffic and crime. I love the diversity here and there's beautiful scenery with tons to do. And only takes me 15min to get everywhere! Yea, try moving to the south and then tell me how bad Vegas is 😆
And it's no coincidence sanctuary status is the reason for the decline in quality of life in Vegas! Now landlords have the power to raise your rents cause housing is more in demand because of your city's sanctuary status and it's going to get much much worse thanks to Biden's open border policies bringing in millions more poverty stricken illegal aliens needing housing to stay in...good luck!!!
I am a senior in Oregon Rent is high here too. I have to live with some of my family. I feel sprry for the people in LV and elsewhere. Some of the big wigs buy up homes and rent them sky high😜. That is all over the country. People are $ hungry and greedy. They are now living in RV'S, Cars trailers. It us a shame. God Bless🙏❤
This was once a city that, despite the casinos, was fairly affordable. So affordable that California residents moved over to save, with easy access back to Cali. This is so sad.....but it's happening everywhere. My city Houston is becoming unaffordable too😔.
Once remote work became normalized by the pandemic, that was the final nail in the coffin. The Average Joe cannot compete with remote tech workers, Web 3.0 millionaires, real estate investors, or wealthy foreigners. This is the reality of the 21st century: living in a van or RV will not be seen as a bad thing in the next 10 years.
@@marcvslicinivscrassvs7536 WEF Klaus Schwab. "You will have nothing and you will be happy " Digital currency coming our way sooner than we think. New Word Order. This has been in the planning, since 1992.
What is REALLY Sad is that most of the folks in Las Vegas apparently haven't seen Climate Change forecasts for the region. I've seen forecasts that Life will Become Unsustainable in Desert Cities like Las Vegas when all the Water Resources Dry Up and The Town Will Fry like an Egg in Extremely High Temperatures. They predict Climate Refugees will be Fleeing From Places like Las Vegas for more Temperate Climates Northwards, so The Smart Ones should get the Best Spots there before The Final Rush Begins and Housing Costs will Skyrocket Everywhere. What A Dumb Idea It Was To Build BIG Cities in the Middle of The Desert in the first place !!! What kind of "Progress" is THAT ???
Yes they went up on our Henderson apartment 500.00 dollars a month and now the month to month is 4400.00 how is this even legal we are moving out of Nevada this is scary
@@carbonsnail014 no my monthly rent was 1540.00 and then they went up 500 dollars so we are paying 2040 a month now and can’t afford that and my lease ends May 6th and they sent us a renewal offer if we sign a 11 month lease for 2040.00 but we aren’t signing a new lease so the month to month is 4400.00 😳 we live in the Whitney ranch area
Something be telling me that you ain't no real queen and you don't have no broke king and maybe you should stop pretending to be something you not while living on government funding. What have you done for Henderson or Nevada? Besides compromising the air quality?
currently in the US there are 400,000 less available homes for sale than in 2019. For every 65 households that make $75k-$100K there is 1 house on the market in their price range. More people are renting so the prices are driven up by supply and demand. There are dozens of corporations that are buying up apartments and single family homes raising rent and making home ownership harder. In Phoenix there are 4 communities being built with 4,000 single family home ALL for rent only, not for sale. Lack of building since the 2008 crash, investors buying up property, I see no relief for at least the next 10 years.
I lived in Las Vegas in the late 90's and paid $500 to $600 a month for a two-bedroom apartment for about three years. The last year I was there (1998-99) I moved to two-bedroom condo that I rented for $550 a month. When I first moved to LV and toured various apartment complexes, several times I left contact information and afterwards I was contacted by property managers who wanted to know if I was still interested in their apartments. Renters had the advantage back then.
I had 1 bedroom 1,000 square foot apartment for $550 near Eastern and Tropicana back in 2000. that was nice. had no furniture but my lawn chair, tv, and Sega Saturn. It was glorious.
Look for people to start living in communes or cooperatives. This is getting beyond ridiculous. I lived in Vegas 10 years ago or so.....and lived in a shared situation. Paid only $250 a month. It really was a great deal.
communes is come from the communism.. In Soviet Russia there were communal apartments and hostels. This is what America is moving towards and what modern Russia is moving away from.
no. quit expecting people to group together and live in a friggen commune instead of fixing the problem. this country is full of greedy landlords and corporations who are buying property at inflated prices. let's fix the problem
This so true..I was born in Vegas and all of my family might have to leave Vegas because people from other states are just using Las vegas and abusing none of them from other states care about Las Vegas or our history..
@@williamryan9195 casein whey is right. Also the housing market is regulated and not “deregulated”. Thank your government for this nationwide increase in everything.
@@patchesdriftwood34 The increase in the housing costs are because of deregulation that allows speculation, much of it from Foreign Capital using U.S. as an investment in an UN-regulated market. You cannot build your way out of the housing crisis because these investors simply by up the houses as soon as they hit the market, That is called squeezing the market. Many countries regulate against foreign investors and non citizens from home and land buying for this obvious reason. We should too given the issues it causes. Like homelessness and poverty for citizens that are unable to compete in a rigged, speculative market with unregulated trillion dollar investment firms.
If you’re a prospective first-time homebuyer hoping (or praying) home prices will decline in 2022, don’t count on it. If people are waiting for a price to decline, well, it’s not going to happen. Heading into the spring of 2022, mortgage rates have increased over a full percentage point and while purchase demand has cooled, it remains firm. Supply remains near record lows, so home price growth is expected to remain high through the spring homebuying season before cooling off later this year as mortgage rates continue to rise. Investing in REITs will be a right decision as it's also included in a growing number of defined-benefit and defined-contribution investment plans
@@theodorerossi7998 Entering an investment on your own can occasionally require much more specialized knowledge. Deciding between debt and equity implies a considerably advanced level of investment knowledge. I'll suggest you get a financial professional with intelligent strategies who'll help you create a suitable plan to maximizing potential performance and minimizing risk.
I highly recommend Genevieve Glen Rogers a financial advisor under a licensed body of a wealth management firm. You can look her up on the internet using her full name *(GENEVIEVE GLEN ROGERS)* and get in touch with her. Give it a try and get into success
Everyone drink the koolaid buying all these houses in Vegas with inflated prices from govt stimulus. Prices are going to plummet like 2008!! Lots of cheap houses coming to market in the next two years
@@janetdavidson8798 I'm in Tucson, and am acutely aware of what might happen. Just north of Scottsdale a town had their water turned off. East of Phoenix the wells have dried up. Both Lake Powell, and Mead are dangerously so low they may stop power generation. If, that happens, bye bye Las Vegas. We certainly life in interesting times!
Landlords always come up with an excuse to raise rent, most of the time it’s just greed or poor financial management. Usually there's a mortgage on the rental, so unless the landlord ran his/her behind down to the bank and took out a 2nd mortgage on it (then wants me to pay it back in higher rent for their choices) the overall rent shouldn't have increased so dramatically. I worked and paid my rent on time during the “PLANdemic” and the landlord thanked me by raising rent $200 for a place that is getting older and older by the day. Property taxes don't justify that. Rip off!!!
@@plainman9887 if you had your retirement money invested in a property and the government decided that your renters did not have to pay, but you had to continue to pay all utilities, taxes, repairs, and remaining mortgage, I think you'd be singing a different tune. Rentals are not charity. Costs are up due to the decisions of this administration kneecapping our country's energy costs and regulating us right into a depression. I only feel sorry for those who didn't vote for this. Everyone else, congratulations you WON! Enjoy your disaster.
They’ll end up like Lake Tahoe- Business owners in crisis as employees leave area can’t afford to live there while customers gripe over slow and delayed services.
Wow, kinda reminds me of people who have lived in Santa Fe, NM, where it's pretty expensive to live for people who work for low wages or minimum and have to drive 10-20 miles away for affordable housing...
We've seen that in the Midwest. Californians coming here driving up the home and rental prices. AND bringing their failed politics with them. Almost like a cancer that spreads. Home prices have almost DOUBLED in last 3 years. Yep.
People blame Californians. Californians blame transplants who went into our state and priced us out over the many years. Some how people forget about that.
@@straycat62 "R.E. I.T." This is a Major problem. Real Estate Investment Trust. It's no longer Manny, MO & Jack competing against each other with a bid. Entire development is also swallowed up by your friends at zillow. Ultimately, the government wants to turn everybody into renters. They want to make individual ownership extinct. Once upon a time, there was this thing called H.U.D....
But a bad time to have left----if you wanted to get in on your home price going up another 50,000. What's good for one is bad for another in most cases.
Roommates are for college people not grown-ups anybody who's had a roommate when they're grown up realizes it's a huge mistake because they don't pay their half or they start stealing from you one or the other there's never anything good from a roommate. 📡👽🇺🇸 RUN!!!
A lady friend of mine allowed me to move in with her 3 years ago I never stole from her it's been great now that I'm getting ready to move out she's upset with me because she feels like I'm abandoning her some roommates are not monsters some of us just want to live go to work eat and live our lives
I agree with what you are saying I haven't had a roommate since 1990 I can't see myself roomateing with a grown person. Roommates are for right out of high-school going into college.
I'm an awesome roommate and I've had great roommates. I think some are just bad at picking and get scared off forever. So many benefits also when it's the right people. I prefer to live with others vs alone.
Rent and home prices are going up in all states it just shows how many greedy people there are in the world they say it goes up due to the demand that's bull. I feel sorry for those who lose their place and has to live out on the street or with family or friends not everybody is a deadbeat who's been in this situation it's just a real shame they should freeze prices
How are they going to "freeze prices" if their costs go up. Too? I got on the bandwagon and gave myself a raise and quit buying dumb stuff or driving when I don't really have to.
@@windsofmarchjourneyperrytr2823 President Nixon did it so it is possible and if these companies were not so greedy the prices don't need to go up as much as they have and I'm glad you are spending your money wisely as most do not
housing prices for homes will never be low for the tax is based on the selling price....the greedy people all want their pound of flesh. anyone can afford a home its the property tax and all the other things that crush you
JB allowed 2 million illegals in last year, and one million legals, and nobody knows how many got past them uncounted, estimates are at least another 500k. We were already 5 million houses short before that. Freezing prices will not create more houses.
I moved to Vegas back in 2003 from Oregon & I couldn't believe that they didn't request any deposits. I don't believe I paid an app fee then either. Just first month's rent. The rent was very reasonable. Although it wasn't the best area of Vegas it was a gated complex, 2 swimming pools,, nice size units.. This was when Vegas was rated top 5 places to live. Crazy how it has changed, charges for everything now & the application fees are ridiculous. Although I moved back to Oregon a yr later from moving there I am taken aback by hearing what is taking place there now. Unfortunately it is everywhere that landlords have lost their damn minds & have no compassion.
No one is willing to raise the wages to meet the cost of living either, that is why it is also a problem. They claim jobs are easy to find, but now people have to live on the street when they work these jobs because the wages are the same as from 15 years ago?
In Florida many jobs have been eliminated entirely because of the minimum wage increases. Fruit stands out of business, they did not profit enough to pay more, it hurts business owners and customers. It's not because of greed or unwillingness, the small businesses just can't afford it. The money is not there, and if they raise prices to cover the new minimum they lose sales. The price of donuts at coffee shops has more than doubled. Many of the people crying about a "living wage" do not understand this basic principle, as if money doesn't have to be earned.
@@gregpeterman1102 last year most Americans got a stimulus check. It raised everyones income. It didnt do what youre claiming it does. If oj was $10 at the store and roadside cost $7 people would buy it. Your account isnt based on any data.
Minimum wages r $12-15/Hr in Many cities….the problem is when u make changes in the wages everything will go up too ….there r many solutions…1, get rid of environmental and nature regulations then build more houses and apartments..2, ban foreigners and banks from buying lands,apartments or housing …3,domestic immigrants(people who’re moving around) should be ban from owning houses…for exa, Cali,nyc residents selll their houses and buying and renting in Florida,Texas and other states…they r making it hard for other people including natives ….4,ban any 2 or 3 even more time buyers…these people r greedy as hell . 5, get rid of property Taxes for unknowns times …@ least 6-8 years Untill the market is calm .. But, like I said I’m average powerless person and I don’t think any politicians will do this because, it’s all about $$$$
I am pissed dealing with my own issues n I am born n raised here n I been at my rental 9 years n now their selling n its not cool giving someone 30 60 days to get out. Karma is real out here n these landlords have the upper hand now, but u just wait. God bless EVERYONE going threw it.
@@Esperia-ef9xh when enough landlords are forced to get real jobs with the rest of us, just to not be able to afford anything, maybe we'll finally have revolution
@@Esperia-ef9xh real job? How do you know what the landlords had to do to obtain their property? Work perhaps? Have you even owned anything? Let’s say you have a car, you pay ins, payments, upkeep(oil changes, inspection, excise tax, anything) and someone else drives it and doesn’t pay for any of that, would you be happy? That’s what you expect. Landlords have property as a BUSINESS, not a charity. If you don’t like to pay rent then buy your own house. Why is it ok for you to pay for every other thing in your life but the landlords are evil? Without them, you’d have no where to live.
Wages aren’t inline with cost of living. Inflation is the destroyer of empires. Sadly, inflation disproportionately impact lower income people more and its raging. The Federal Reserve created this situation.
@@umbrellakitty6531 Try decades. We spent 15 years living on a Federal Reserve credit card. QE and low interest rates are being ended. It’s bad when throwing money at a problem makes it worse.
The people that keep hoping for a market crash just made hundreds of people miss out on record low interest rates last year and possibly $20-$30,000 in savings on buying their first home. As long as there’s no inventory there isn’t going to be a market crash
I've been listening to people waiting for the "crash" since 2015 (when we were barely out of the doldrums of the market.) Timing markets is rarely successful.
The only reason there is no inventory is that there are investment firms buying up all the houses and apartment complexes. I am willing to bet that within the next ten years, more than half of any type of domicile will be owned by only a dozen or so firms.
With all these price increases, I’m definitely glad I didn’t have a kid. With all the financial & health issues, and job issue as that my family is going through rn, I’d truly struggle to take care of us both. I’m barely affording me rn
I’m glad u said this ….I been saying this in the past couple years….I’m 30 years old and, I’m single,don’t have any kids …I’m currently little bit comfortable due to I’m flexible….I can’t imagine people with multiple kids….this is hard to even think about it …
Vegas has gotten to be a very expensive place to live it's only a place to come on vacation and get the hell out in 3 days the population the traffic the crime everything is increased so much over the years they are now calling Las Vegas East LA it's overpopulated and I'm planning to get out as soon as I can
@@kathleencernetich6243 The emperor in Rome back in the day said to Feed then Bread & Circus and we will have total control and get rich quick. Same is happening in Vegas & throughout the country.
I’m 27 years old and I left California November 2021 to come to Las Vegas on my own with no family and no house just my car and a few boxes of essentials and it’s basically the same living as California. The prices of food and gas are insane even off the strip. I’m gonna have to head down south the Texas in the next 12-24 months
Rent won't be reduced, same like gas price and groceries costs. Just stop buying unnecessaries things, reduce cable channels, ride public transportation, drink instant coffee instead of ground coffee, don't buy bread, eat fewer carbs food, more veggies, salads, fruit, and some protein. The only choice right now is to tighten the belt.
@@mycommentskeepgettingdelet184 For the low-income workers, disabled people, veterans, and senior citizens there is affordable housing, section 8, and subsidized housing. Must register to fill out the applicant's qualification online. The healthy, energetic, and young low earner worker can have two jobs, one in person, a second working from home, and share a home with a friend until the economy improves.
@@JesusChrist2000BC This astronomically rent increase is new and won't last. The normal rent was to have a choice to rent according to what a renter could afford starting at $600 a month for a one-bedroom apt. not like it is now.
This is why you never sleep on purchasing a home and being content with renting. You lose out and unfortunately around the USA the desirable states and cities are going up the most. If you are a renter you may have to move to South Dakota or Kansas to make a living where it is cheap. When the market is ready you BUY, these people were content with Renting and it cost you.
People aren't "content" with renting, they can't afford to buy. I'm renting because I do not have the money to buy a house and wouldn't qualify for a large enough loan for any of the houses in my area.
I lived in Chicago and rents kept going up do to high taxes. HERE IT SEEMS TO BE TOTAL GREET The very rich bought up so many properties with cash money to rent them out and get what ever the can out of hard working people. there really needs to be a law for price gouging .Most of these Landlords dont even live here.
I'm surprised Las Vegas took this long to become expensive. Las Vegas is basically an expensive 'tourist town/city.' Towns/cities such as NYC, LA, Honolulu (and most of Hawaii) are EXPENSIVE.
Where isn't it expensive...in the USA...to live? Austin, New Orleans, Miami, Oklahoma City....??? If you own rental property you can pretty much demand what you want, especially if the properties are owned by the corporates. The cooperates are snapping up the lion share of rental properties......in all of the major U.S. cities. Do YOU know how to change it?
@@samiam9059 Not everywhere in texas. Dallas isn't, Austin isn't, San Antonio. There are places that are right on the verge of being discovered. Before the mass invasion of over monied take over. Happening slowly, but surely, in the counties north of Dallas. The way it goes is, you can sell your property in California or New York, come away with MILLIONS. Then, relocate to some small town like Denison or Sherman (Texas) and with all of that money one can buy lots of acreage and build a giant spread. Much bigger than what you had in New York or California. But HURRY! Everyone is finding this out. And when they do, there goes the easy affordability....happens every time....
@@brucemarsico6 We know that...Also so much more dangerous now like las vegas even in what was always real good areas like Auston is terrible now as shocking. Friend of mine live there and worked for AMD as top engineer and it was so nice then.
She said she may have to go back to California, rent in SoCal is worse tha Vegas, don't even try San Diego, it's impossible to even find a place here to even rent.
An increase in expenses will definitely equate with an increase in crime, desperate times will result in desperate measures, so in the end everybody loses because it will be a heavy price to pay, landlords will have more evictions more expenses to pay the courts and sheriffs, more stress and violence because some ppl will just simply SNAP and harm landlords, neighbors family and friends because of the anger and stress of trying to keep up with the high rents, it’s absolutely tragic what is taking place
@@Jay-pf2cn you ask why? Why why why, life these days is one big why, ppl do dumb crazy sh all day everyday all across America where in the green acres have you been,, ppl get attacked for no reason now days, innocent ppl getting killed and hammered by psychos, gang members, random criminals and you ask why
In Boston, as one example, you need to .be making 75K to 100K as a starting point in order to live there. I live an hour from Boston, and we’re getting commuter rail next year, with developers from NYC and Boston buying up properties as fast as they can. I had the chance to move to Vegas in 2008 and passed on it.
Good Luck LV, landlords. The city will stop you, along with corporations. Why? Because they need workers to work in the Casinos. You are driving out the work force through PURE GREED! The guy that is fighting the rent increase. Should know his landlord us doing it because she wants to come back into her home. And she is fling it to purposely make him move. Which is far different from the GREEDY Landlords, charging rent fees like it's a mini mansion!
I live in NE Kansas where once upon a time it was very affordable. We moved from CA over 12 years ago. We bought a house outright so we have no mortgage payment. Rents have gone from around $500 a couple years ago up to $900+ today. Homes are selling, some within hours of appearing on the market. Anything under $140k usually won't last more than a few days. There was a lot of "Flippers" who came out here a couple years ago and started to drive the market up. If you're a blue collar worker there are a lot of jobs here and they pay very well. Manufacturers have moved here as well as distribution centers. Because of people quitting so frequently they are constantly hiring. As far as costs at the supermarket, they've been increasing although we're not experiencing a lot of shortages. The shelves are usually stocked. Except maybe the ramen noodles. Gas is almost $4. Half the people drive pickups, the dealerships have very few on their lots. A lot of people have moved here from other states so the infrastructure is suffering. We had some snow a few times which created a lot of potholes, more like craters. They won't be filled until the weather changes.
You're part of the problem...once one is a Californian you should never ne allowed to leave and F*CK it up like California. You're probably a sh*thead liberal that should be a target for the upcoming civil war.
@@samdp8497 🤣🤣🤣 ummm no, not really. I'm a conservative. I vote conservative. I am a native Californian, yes, but the liberals took over. I remember when Pete Wilson was mayor of San Diego and the Fondas were just actors and Regan became governor, (darn it! There I go showing my age again). We got priced out with no jobs in California. Sorry, I won't live on the streets. Not a lot jobs there for blue collar workers.. Living here used to be like living in 70s San Diego. So I'm not sure how I'm part "of the problem" Maybe in your liberal mind. 🤔 btw, a lot of people in California are transplants who wanted the weather and lifestyle. California used to conservative. It wasn't the natives that ruined California, it was them bringing in their liberal agenda and inviting all the illegal aliens in. Oh, the house we bought cost $28,000 then. With no income it was everything we had. It hasn't gone up much in value since. We're not exactly wealthy liberals 🙄.
if you're reading this, easiest way to compete with these prices is to find a job that requires a "special" set of skills. Get into industries that are ALWAYS in need of employees. Truck drivers make a great living and the schooling process only takes two weeks to get your class a license. Besides that, you could also get a forklift license that'll pay well. Any other job like retail stores, restaurants, or door dash n Uber won't pay all your monthly bills. Key words are "special sets of skills" Figure out what type of skills you'll need to make great money with high demand jobs.
It's not always an easy job. In fact, it's so much sitting it's like a guaranteed heart attack. My uncle had a trucking company. Dropped dead of a stroke last year.
@@windsofmarchjourneyperrytr2823 prayers for your uncle..sorry to hear that. Nothing in life is easy to do, but trucking is easy to get into and also pays great to be able to afford rent in today's economy. Trucking school doesn't take years to complete like college does and it pays great
@@vegaslimoguy2376 it literally took me 17days to get my CDL back in 2018.. I started off OTR now I'm home daily.. I had to do 200hours of behind the wheel time in 2018. Didn't make alot of money starting out, but nowadays I'm making enough to save an entire paycheck without spending it. Everyone's situation is different. Don't tell me I don't know what the f*** I'm talking bout
Reminds me of Don’t Look Up when the movie ended and wealthy people who escapes to a new planet had no one with dramatically less money than them to work for those jobs
@@roy3242: It was once thought that only migrants to this country lived in this manner but with the growing economic downturn, it is now common to see many whites living like this through the US as well. Times are hard these days for most Americans and they are about to get much harder for all.
@@G_Vegas22: I live in a fairly decent area and in front of many houses where I live there are at least 6 to 7 cars parked in front throughout the day and night, this is becoming more common each passing day.
I love it when the "experts" inform us that "this is the new normal" and "prices will never go down!" I remember when they were saying that in 06 and 07. Hm...
Yea. But one of the biggest differences today vs back in 07 is that now you have a lot of investors buying homes and turning them into to rental properties. Hence the reason why you're seeing rent being increased 30 to 40% in a year which is crazy.
Property taxes go up, repair goods goes up, Electricians, Plumbers, Roofers, AC men, Painters, Appliance men have all raised their prices. It never seems to end.
@@recycler60 in California there are always new environmental mandates with very expensive and costly to fulfill regulations. The politician’s pass them and don’t give a fig as to how much it’s going to cost the landlords to implement, but the people (tenants) who voted for those politicians will eventually have to absorb the cost themselves in rent increases. Of course they will complain and say we’re greedy, but they really only have themselves to blame lol…
California has rent control. The issue with rent control is that new builders will never build affordable housing such as affordable apartments anymore. Because it doesn't benefit to do so knowing they won't be able to raise rent. So they build luxury apartments so they can start off charging a large amount that the regular person can't afford anyways. The only people it protects are those that already rent low but they will never be able to move out of fear of losing their rent protected apartment. Rent control is not all it's cut out to be. That is why you don't see affordable apartments being built in California anymore. Rent start at 2500 for a 1 room apartment. How does rent control help?
Rent control won’t fix it. Neither will raising the minimum wage because all employers just raise prices as their expenses increase and it’s passed down to the consumer. Which means that $1 raise won’t offset the increase in prices for goods and services. We need to stop talking about a minimum wage and look at the livable wage. Two very different things.
Peggy it's true landlords have to pay their bills but why keep squeezing it out of the people that have been paying all along by increasing the rent outrageously
@@heyyou7536 why? It’s a business plain and simple. Let’s not forget how they have been forced to provide their service for free for 2 years. Would you work for free? For two hours let alone 2 years? All while covering families who were receiving plenty of fee money?
It should get better. I lived back and forth California and Vegas. I sold all 3 of my properties in Vegas and I regret not keeping one of them as I really miss Vegas. Looking at the prices now its just ridiculous. I know many friendly Vegas locals saying its unaffordable and they are moving to other states. When remote work becomes less I think people will return to the cities. Hopefully...
@@brandonlopez8950 so? And the landlords still had to pay their bills. Why is it ok for people to live off of someone else? I sympathize because I lost my job, but the bank doesn’t care, my mortgage was due! Same with landlords. Now they want to make up losses for being forced to house people for free. You act like the renters were the only ones who lost jobs and shouldn’t have to pay. Don’t you think property owners went through the same thing? Not to mention, many many people were collecting free money, more than they’ve ever had and still not paying rent.
It is unacceptable. Where is our leadership? Where is our representation. Oh that's right the American people are just a number to government. People are going to be homeless. I feel for anyone in the struggle right now because our representatives have made it quite near impossible to survive let alone thrive. Try being the person sick with worry about their bleak futures. We need action and accountability more than ever.
They could solve this overhight be ending non US citizens from owning homes. And by ending nonowner occupied single family housing. This would lower home prices and rents would follow
Born and raised in a sleepy beautiful Ca. beach town. World flocked here and feel lucky to still be able to live here but sure feel the pain of people living in nice areas being overrun.
This is why I'm attending college, I'm struggling and I have managed to get the rent caught up but I was only able to find a part time job after 9 months, and it doesn't pay well so I don't even know how long that will last, because even though I communicated to the landlord they are getting less understanding. And on top of that I have people just expecting me to live on a low wage. That is not exactly supportive.
It’s not about a college education, people with college education and have good paying jobs are struggling because the rents are rising do high and so fast that even educated people with high paying jobs can’t pay the rents. People are going from a 1000 to 3000 a month rent in one year and that is the truth in many major cities.
@@tracymorgan5386 you are entitled to your opinion lady, you probably didnt have to work low paying jobs and then have a hard time finding another decent paying job. You try working a low paying job and deal with the high cost of rent.
@@crystalsswtor3760 During the 2008 collapse, I contracted for Disney, where nurses were taking jobs in kitchens. Your career isn't safe unless it's attached to farming, food or securities and that hasn't changed in over 50,000 years.
As a thirty year landlord I know the quality of tenants has gone seriously downhill. I sold all my rentals , I might go back to renting but only if rents double. It will take a doubling of rents to make being a landlord worth while , at least double. Until tenants understand they are expected to maintain the property . The landlord isn’t your cleaning company. Your destructive children , pets make renting a losing business. Aside from doubling the rent at least doubling the damage deposits as well. Good luck to all of you irresponsible jerks out there.
Sheeesh you're old. It's ok you will be rotting in your coffin ⚰ underground soon. So don't worry about renting any properties. Just enjoy your last few years.
Ha ha! You're a douche, YOU have to keep some cash on hand to pay for maintenance of YOUR buildings instead of getting all stressed out like the world is ending.
You can adult only apartments. But people should respect property and keep it clean. They don't realize it can the rent down too cause you don't have to hire cleaners as often.
Same here in Phoenix.....I came in 81 when there was 1.7M people in the whole state. Now there are over 6M people. Crowded and the desert being destroyed daily......Housing is out of reach for many middle class people. Water shortages will be the last straw coming soon.
When I moved to Henderson about 12 years ago many of the apartment complexes offered a free months rent if you signed a year lease. Sounds like those days are long gone now.
Las Vegas is too expensive to buy, lease or rent anything... Las Vegas is too costly to live in ( period ). Even going out to a local restaurant or local bar or lounge is getting too expensive... With gas prices and food going up in price..., good luck ! ! :)
Rental housing is a necessity and should have 100% government oversight. I own rental homes and I believe owners should be told what the rent will be for their property based on various factors and it should change yearly. The value of a rental unit should not be in monthly rental profits but from the eventual ownership of the property itself. But that's just my old school unselfish midwestern way of thinking.
@Jeff Scott, The last time the Government recently mandated how much private landlords can charge for rent, you weren’t allowed to charge anything at all. It was absolutely free with no evictions allowed and it still continues in LA to this day. You seriously should go see a Doctor about short term memory loss or Alzheimer’s. To have forgotten this quickly about the covid rent moratorium of the last 2 years.
I own 42 houses. Tenants that skipped rent during the eviction moratorium got a 40% rent increase. Those that paid during the moratorium received a 5% increase. Karma is a bi▪︎tch.
That seems reasonable to me! I am a tenant that paid rent entire time during COVID. Both my husband and I were unemployment for a period of time. How ever, we got the money together.
I paid faithfully and on time during the pandemic, my Property Manager only raised my rent by a hundred dollars, I live with in the foothills of Nor Cal next to Lake Tahoe where prices have exploded because everyone in the San Francisco Bay Area are taking over this area !
this is GREAT for this City and it will keep going up and push people out and thats not a bad thing! bring the culture and new businesses and a greater city 🎉
So living together benefits both women and men, financially. Although men often still earn more per hour for the same job, both sexes are usually working. And ALL could use someone to split the rent/mortgage with. I say rent out a room instead. Cheaper than divorce.
@@Vickiesix rent a room? From who? It's amazing how women would rather gamble living with a roommate (which rarely do women get along living together) than trying to find a HUSBAND. Roosters have come home to roost. Feminism is over, your "independent" bs is over...or end up old and homeless, or living with your children. What a pathetic life!
You used to be able to get online and find many affordable options in Vegas and find place in few days. I had good job so basically just showed 2 months bank statement and good rental history and i had many options. Today? Forget it.. My brother and i looked for place about a year ago and was stunned on not only increases in rent but the qualifying process is very difficult to even get considered to fill out application.
We spend billions to assist other countries that hate us while neglecting our own. SMH
America First?
@@wokejoke2675 put on the oxygen mask on yourself first. Then put one on your neighbor.
Why don't you start a revolution then?
What happened to America being the greatest country in the world
@@Yandel21ableify still is.
Rents go up but salaries don't.
Bernie Sanders doesn't seem so crazy now does he
How the hell is one of the States with the lowest jobs rate, lowest income per capita, most abhorrent schools, and biggest threat from climate change (water and electricity are going to become unspeakably expensive in the next 5-7 years in Vegas/Nevada) becoming one of the most expensive places to live? There is NOTHING justifying it. Maybe it’s climate migration from the Californians who can’t afford their cost of living and fear all of the wildfires that’s driving the price up?
@@CB-xi1ml Bernie never seemed crazy. 🕊
@@debbY100 100% correct. You hit the nail on the head. Couldn’t have said it better myself
@@debbY100 Pushing the middle class and poor out and bringing in Wall Street like people.
There are stories like this from all over the country. Working Americans are being priced out of America.
Our leaders don't like hard-working Americans.
The truth is this has been happening for decades now.
They keep pricing us out, then they won’t have anyone to do their dirty work for them.
@@botaccount3449 Started with the 80's delusion. The buy now pay later economy.
Biden wont raised wages though!
Pretty soon those who are needed to work will not be able to afford to live here. Then, there will be reports of severe labor shortage. It's almost like the city is turning its back on those whose hard work and heart went into making it.
True about the whole country
California just did rent control. Yay!! You can only go up 5%. Anything else is illegal.
Look at japan, robots everywhere. Touch menu order at mcdonalds. Self checkout. This is the future.
@@botaccount3449 Don't have to see any more stupid people making dumbassed mistakes? Sign me uup.
@RickReviews - Give "Show Me How" by Men I Trust a watch, it's on here.
The way you stop this increase, move out of Las Vegas in droves. Don't pay it.
I think there are a lot of people moving out , it's just more people are moving in than out. Its been that way for decades wealthier people from California and New York moving in and native Nevadans moving out . That is probably one big reason the casinos are trying to automate everything so quickly because they know service employees are not going to be able to live here very much longer, at least in the numbers they have historically.
@@jessemcelroy5266 totally agree with you. Service workers making an average of 12-15 per hr could never afford the high rental or home prices in the Las Vegas Valley. This includes Henderson and Boulder City as well. I love when people say move out. Go to another city. Well rents and home prices are up across the country. Have these people looked in to the prices that moving companies are charging these days? Obviously not. Because they wouldn’t be so fast to give advice to just move. Well maybe if they have nothing to their name, and can just pick up and go at the drop of a hat. Kind of like a homeless person. Unbelievable!
@@robertg1101 yup and they have to have a job wherever they go. Example the company I work for is only in Vegas.
Problem is this is happening everywhere in the U.S. and other countries too apparently.
It's the end of the middle class in general, you're either a Lord of the land or a peasant now, no in-between.
@@cosmicllama6910 Couldn’t agree with you more! Very well said
This is happening in all major cities. Here in South FL we are experiencing the same thing. On top of housing, gasoline and groceries are shy high. No joke, toothpaste at my local grocery store is $4.75-5.50 for a single tube of toothpaste. This is at a chain grocery store, not high end store.
I get my toothpaste and soap and deodorant from dollar general, it's cheaper than anywhere else and they have coupons you can add on their website. And if you go on Saturdays they have a $5 off of your order of $25 or more, combine that with the store coupons and I save a lot and stock up on household items
😬😬 Your wages in Florida are notoriously low. I'm trying to figure out who is paying these sky high rents over there. Obviously not Floridians with a 9-5 job.....
@@Shazzyhtown people like my boss dont want to go back to the office so they rent in a beach or warm area like Florida and Nevada. You can't compete with her as she works from home in her pajamas and flipflops.
@@mrdeebo313 I walked into our local dollar store (can’t remember if it was Dollar Tree or Dollar General) and it was FILTHY. Rat droppings, food items on the dirty floor etc. I walked out. Sounds like your store is in better shape than ours. South FL is a hellhole. We had to move here for my husband’s job, we cannot wait to leave! 😀
@@marys3127 I hope u can leave Mary. I wonder if the Midwest is still affordable??🤔
It's going to be California in a couple years. I'm getting the hell out.
Hadn't been i Vegas for 7 years but when I was there recently it felt like California. It's identity is gone. Corporate America with Democrat Liberals in their pocket is to blame.
It already is sadly
There's no escape. You'll have to move to Mars.
Really depressing stuff. Las Vegas is all I know, and soon I may have to say goodbye. My rent has gone up 40% in just 2 years. As a young parent it’s just to much. Raiders? Golden Knights? The A listers on The Strip? What a blessing eh? The vast majority of us pre October 2nd 2018 locals haven’t seen a second of it. We built this city, and can no longer afford to live here. Some of us aren’t here just for the events, or entertainment, but because we have our loved ones buried here. Alas Las Vegas is becoming just another Los Angeles suburb.
Yes, it is disappointing. You will probably see a significant price drop once interest rates reach a certain level, but it is probably going to take a couple years to get there. The Fed likes to raise rates in 1/4 point increments, meaning it will be slow sailing. I do think the state's and city's best days are behind them, though.
You should find a way to stay. Vegas is like the ugliest baby in the world - only a native could love living there. If you can make it through a couple of more years until the fools who moved there wise up to the horrendous summers and threat of drought, the prices will begin to come down again. There is no job market there that justifies the cost. Nor are the schools worth it.
@@debbY100 I just moved to Vegas from Atlanta and lived in Florida 20 years.... you're horribly incorrect. Florida weather is terrible with the chance of hurricanes every year. Abundance of racism and real estate is getting like California. Atlanta is no better with horrible traffic and crime. I love the diversity here and there's beautiful scenery with tons to do. And only takes me 15min to get everywhere! Yea, try moving to the south and then tell me how bad Vegas is 😆
And it's no coincidence sanctuary status is the reason for the decline in quality of life in Vegas! Now landlords have the power to raise your rents cause housing is more in demand because of your city's sanctuary status and it's going to get much much worse thanks to Biden's open border policies bringing in millions more poverty stricken illegal aliens needing housing to stay in...good luck!!!
I am a senior in Oregon
Rent is high here too. I have to live with some of my family. I feel sprry for the people in LV and elsewhere. Some of the big wigs buy up homes and rent them sky high😜. That is all over the country. People are $ hungry and greedy. They are now living in RV'S, Cars trailers. It us a shame. God Bless🙏❤
This was once a city that, despite the casinos, was fairly affordable. So affordable that California residents moved over to save, with easy access back to Cali. This is so sad.....but it's happening everywhere. My city Houston is becoming unaffordable too😔.
Once remote work became normalized by the pandemic, that was the final nail in the coffin. The Average Joe cannot compete with remote tech workers, Web 3.0 millionaires, real estate investors, or wealthy foreigners. This is the reality of the 21st century: living in a van or RV will not be seen as a bad thing in the next 10 years.
@@marcvslicinivscrassvs7536 I used to think people who built those Tiny homes were nuts in the 2010s. Now, it makes perfect sense.
@@marcvslicinivscrassvs7536
WEF Klaus Schwab.
"You will have nothing and you will be happy "
Digital currency coming our way sooner than we think.
New Word Order. This has been in the planning, since 1992.
Oseiidskskdnjdow
What is REALLY Sad is that most of the folks in Las Vegas apparently haven't seen Climate Change forecasts for the region. I've seen forecasts that Life will Become Unsustainable in Desert Cities like Las Vegas when all the Water Resources Dry Up and The Town Will Fry like an Egg in Extremely High Temperatures. They predict Climate Refugees will be Fleeing From Places like Las Vegas for more Temperate Climates Northwards, so The Smart Ones should get the Best Spots there before The Final Rush Begins and Housing Costs will Skyrocket Everywhere. What A Dumb Idea It Was To Build BIG Cities in the Middle of The Desert in the first place !!! What kind of "Progress" is THAT ???
Yes they went up on our Henderson apartment 500.00 dollars a month and now the month to month is 4400.00 how is this even legal we are moving out of Nevada this is scary
Your monthly rent is $4400.00 in Henderson? What area are you in?
@@carbonsnail014 no my monthly rent was 1540.00 and then they went up 500 dollars so we are paying 2040 a month now and can’t afford that and my lease ends May 6th and they sent us a renewal offer if we sign a 11 month lease for 2040.00 but we aren’t signing a new lease so the month to month is 4400.00 😳 we live in the Whitney ranch area
Dam those are California prices shi is crazy
Try Alabama or Mississippi it's still cheap there
Something be telling me that you ain't no real queen and you don't have no broke king and maybe you should stop pretending to be something you not while living on government funding. What have you done for Henderson or Nevada? Besides compromising the air quality?
Everybody that works on the strip should quit I bet rent would go down.
Why would that cause rent to drop?
@@gregpeterman1102 Because that's why people go there. So, no workers, no draw over time.
That was one nasty thumbnail, tho. Crammed in there. Yuck.
They will bring in more illegals.
Thank you, Mom and Dad, for leaving me the house 100% paid off. I love you.
currently in the US there are 400,000 less available homes for sale than in 2019. For every 65 households that make $75k-$100K there is 1 house on the market in their price range. More people are renting so the prices are driven up by supply and demand. There are dozens of corporations that are buying up apartments and single family homes raising rent and making home ownership harder. In Phoenix there are 4 communities being built with 4,000 single family home ALL for rent only, not for sale. Lack of building since the 2008 crash, investors buying up property, I see no relief for at least the next 10 years.
I lived in Las Vegas in the late 90's and paid $500 to $600 a month for a two-bedroom apartment for about three years. The last year I was there (1998-99) I moved to two-bedroom condo that I rented for $550 a month. When I first moved to LV and toured various apartment complexes, several times I left contact information and afterwards I was contacted by property managers who wanted to know if I was still interested in their apartments. Renters had the advantage back then.
Did you vote?
Exactly. I remember these days. Now those sam's units are priced at thousands of dollars, usually.
I had 1 bedroom 1,000 square foot apartment for $550 near Eastern and Tropicana back in 2000. that was nice. had no furniture but my lawn chair, tv, and Sega Saturn. It was glorious.
Look for people to start living in communes or cooperatives. This is getting beyond ridiculous. I lived in Vegas 10 years ago or so.....and lived in a shared situation. Paid only $250 a month. It really was a great deal.
communes is come from the communism.. In Soviet Russia there were communal apartments and hostels. This is what America is moving towards and what modern Russia is moving away from.
no. quit expecting people to group together and live in a friggen commune instead of fixing the problem. this country is full of greedy landlords and corporations who are buying property at inflated prices. let's fix the problem
@@GorgieClarissa Don't count on it. Nothing will be fixed until capitalism collapses.
This so true..I was born in Vegas and all of my family might have to leave Vegas because people from other states are just using Las vegas and abusing none of them from other states care about Las Vegas or our history..
SADLY TRUE..
This is what happens when you have endless money printing. It devalues the currency and thereby "increases" prices of everything else.
No. It's not. It's what you get from deregulated housing and commodity markets. It's called speculation.
@@williamryan9195 casein whey is right. Also the housing market is regulated and not “deregulated”. Thank your government for this nationwide increase in everything.
@@williamryan9195 you must be reading text book from uncle jokebyedone.
@@patchesdriftwood34 The increase in the housing costs are because of deregulation that allows speculation, much of it from Foreign Capital using U.S. as an investment in an UN-regulated market. You cannot build your way out of the housing crisis because these investors simply by up the houses as soon as they hit the market, That is called squeezing the market. Many countries regulate against foreign investors and non citizens from home and land buying for this obvious reason. We should too given the issues it causes. Like homelessness and poverty for citizens that are unable to compete in a rigged, speculative market with unregulated trillion dollar investment firms.
@@MinhTran-fc7jl And you must not even be able to read. Dont believe it? Google it moron.
Just as I was saying, if we don't fix the problem here in California, it's going to spread throughout the nation.....
Vegas not big enough for cooperate California which they stay in California and take the Raider's with you 😂
every state is gonna be blue
Already has god bless every1
It's already been expensive what the f*** are y'all smoking
California just passed rent control for the entire state!
If you’re a prospective first-time homebuyer hoping (or praying) home prices will decline in 2022, don’t count on it. If people are waiting for a price to decline, well, it’s not going to happen. Heading into the spring of 2022, mortgage rates have increased over a full percentage point and while purchase demand has cooled, it remains firm. Supply remains near record lows, so home price growth is expected to remain high through the spring homebuying season before cooling off later this year as mortgage rates continue to rise.
Investing in REITs will be a right decision as it's also included in a growing number of defined-benefit and defined-contribution investment plans
Depending on your risk tolerance, liquidity needs, and desired return, should you choose a debt or equity lnvestment?
@@theodorerossi7998 Entering an investment on your own can occasionally require much more specialized knowledge. Deciding between debt and equity implies a considerably advanced level of investment knowledge. I'll suggest you get a financial professional with intelligent strategies who'll help you create a suitable plan to maximizing potential performance and minimizing risk.
I highly recommend Genevieve Glen Rogers a financial advisor under a licensed body of a wealth management firm. You can look her up on the internet using her full name *(GENEVIEVE GLEN ROGERS)* and get in touch with her. Give it a try and get into success
Everyone drink the koolaid buying all these houses in Vegas with inflated prices from govt stimulus. Prices are going to plummet like 2008!! Lots of cheap houses coming to market in the next two years
Wait until there is no water, or electricity in the desert!
That's what I was thinking. Unless the drought ends water prices might go up fast too. I don't know if water prices are regulated or not.
@@janetdavidson8798 I'm in Tucson, and am acutely aware of what might happen.
Just north of Scottsdale a town had their water turned off. East of Phoenix the wells have dried up.
Both Lake Powell, and Mead are dangerously so low they may stop power generation. If, that happens, bye bye Las Vegas.
We certainly life in interesting times!
don't forget during peak COVID people weren't required to pay their rent and now landlords are trying to get those payments back
Yup..saw this coming from miles away...
Landlords always come up with an excuse to raise rent, most of the time it’s just greed or poor financial management. Usually there's a mortgage on the rental, so unless the landlord ran his/her behind down to the bank and took out a 2nd mortgage on it (then wants me to pay it back in higher rent for their choices) the overall rent shouldn't have increased so dramatically.
I worked and paid my rent on time during the “PLANdemic” and the landlord thanked me by raising rent $200 for a place that is getting older and older by the day. Property taxes don't justify that. Rip off!!!
Exactly 💯
@@plainman9887 if you had your retirement money invested in a property and the government decided that your renters did not have to pay, but you had to continue to pay all utilities, taxes, repairs, and remaining mortgage, I think you'd be singing a different tune. Rentals are not charity. Costs are up due to the decisions of this administration kneecapping our country's energy costs and regulating us right into a depression. I only feel sorry for those who didn't vote for this. Everyone else, congratulations you WON! Enjoy your disaster.
@@sweetpea4967 TRUE!!
They’ll end up like Lake Tahoe- Business owners in crisis as employees leave area can’t afford to live there while customers gripe over slow and delayed services.
Wow, kinda reminds me of people who have lived in Santa Fe, NM, where it's pretty expensive to live for people who work for low wages or minimum and have to drive 10-20 miles away for affordable housing...
2021 was a good time to leave Las Vegas. With all the California transplants...it was obvious rent and home prices would go up.
We've seen that in the Midwest. Californians coming here driving up the home and rental prices. AND bringing their failed politics with them. Almost like a cancer that spreads. Home prices have almost DOUBLED in last 3 years. Yep.
People blame Californians. Californians blame transplants who went into our state and priced us out over the many years. Some how people forget about that.
@@straycat62 that may be true. Most are foreign investors.
@@straycat62 "R.E. I.T."
This is a Major problem.
Real Estate Investment Trust.
It's no longer Manny, MO & Jack competing against each other with a bid.
Entire development is also swallowed up by your friends at zillow.
Ultimately, the government wants to turn everybody into renters. They want to make individual ownership extinct.
Once upon a time, there was this thing called H.U.D....
But a bad time to have left----if you wanted to get in on your home price going up another 50,000. What's good for one is bad for another in most cases.
Roommates are for college people not grown-ups anybody who's had a roommate when they're grown up realizes it's a huge mistake because they don't pay their half or they start stealing from you one or the other there's never anything good from a roommate. 📡👽🇺🇸 RUN!!!
A lady friend of mine allowed me to move in with her 3 years ago I never stole from her it's been great now that I'm getting ready to move out she's upset with me because she feels like I'm abandoning her some roommates are not monsters some of us just want to live go to work eat and live our lives
I agree with what you are saying I haven't had a roommate since 1990 I can't see myself roomateing with a grown person. Roommates are for right out of high-school going into college.
I'm an awesome roommate and I've had great roommates. I think some are just bad at picking and get scared off forever. So many benefits also when it's the right people. I prefer to live with others vs alone.
I have roommates and I'm a multi millionaire. It fits my travel lifestyle alot better
I'm done with roommates.
Van livin' baby.
I quit paying medical insurance too.
Done with the game.
Rent and home prices are going up in all states it just shows how many greedy people there are in the world they say it goes up due to the demand that's bull. I feel sorry for those who lose their place and has to live out on the street or with family or friends not everybody is a deadbeat who's been in this situation it's just a real shame they should freeze prices
Bernie and the socialists don't seem so crazy now do they....
How are they going to "freeze prices" if their costs go up. Too?
I got on the bandwagon and gave myself a raise and quit buying dumb stuff or driving when I don't really have to.
@@windsofmarchjourneyperrytr2823
President Nixon did it so it is possible and if these companies were not so greedy the prices don't need to go up as much as they have and I'm glad you are spending your money wisely as most do not
housing prices for homes will never be low for the tax is based on the selling price....the greedy people all want their pound of flesh. anyone can afford a home its the property tax and all the other things that crush you
JB allowed 2 million illegals in last year, and one million legals, and nobody knows how many got past them uncounted, estimates are at least another 500k. We were already 5 million houses short before that. Freezing prices will not create more houses.
I moved to Vegas back in 2003 from Oregon & I couldn't believe that they didn't request any deposits. I don't believe I paid an app fee then either. Just first month's rent. The rent was very reasonable. Although it wasn't the best area of Vegas it was a gated complex, 2 swimming pools,, nice size units.. This was when Vegas was rated top 5 places to live. Crazy how it has changed, charges for everything now & the application fees are ridiculous. Although I moved back to Oregon a yr later from moving there I am taken aback by hearing what is taking place there now. Unfortunately it is everywhere that landlords have lost their damn minds & have no compassion.
There isn’t going to be anyone here to work at the casinos, restaurants etc. Because they can’t afford to live here.
Totally agree with your statement 100%. This should be an interesting year. Let’s just wait and see
Who cares about casinos,they are there just to take the people's money.
@@rickhammond2473 🤣🤣🤣EXACTLY!!
Umm robots???
Housekeepers will have to sleep in the janitorial closets alongside the mops and toilet bowl cleaner.
No one is willing to raise the wages to meet the cost of living either, that is why it is also a problem. They claim jobs are easy to find, but now people have to live on the street when they work these jobs because the wages are the same as from 15 years ago?
In Florida many jobs have been eliminated entirely because of the minimum wage increases. Fruit stands out of business, they did not profit enough to pay more, it hurts business owners and customers. It's not because of greed or unwillingness, the small businesses just can't afford it. The money is not there, and if they raise prices to cover the new minimum they lose sales. The price of donuts at coffee shops has more than doubled. Many of the people crying about a "living wage" do not understand this basic principle, as if money doesn't have to be earned.
@@gregpeterman1102 last year most Americans got a stimulus check. It raised everyones income. It didnt do what youre claiming it does. If oj was $10 at the store and roadside cost $7 people would buy it. Your account isnt based on any data.
crap wages for crap jobs. Do you expect someone working at Subway to make $100K a year?
@@gregpeterman1102 That's BS, tho. Wages are a business expense.
You'll notice the owners are rich, so...
Minimum wages r $12-15/Hr in Many cities….the problem is when u make changes in the wages everything will go up too ….there r many solutions…1, get rid of environmental and nature regulations then build more houses and apartments..2, ban foreigners and banks from buying lands,apartments or housing …3,domestic immigrants(people who’re moving around) should be ban from owning houses…for exa, Cali,nyc residents selll their houses and buying and renting in Florida,Texas and other states…they r making it hard for other people including natives ….4,ban any 2 or 3 even more time buyers…these people r greedy as hell .
5, get rid of property Taxes for unknowns times …@ least 6-8 years Untill the market is calm ..
But, like I said I’m average powerless person and I don’t think any politicians will do this because, it’s all about $$$$
I am pissed dealing with my own issues n I am born n raised here n I been at my rental 9 years n now their selling n its not cool giving someone 30 60 days to get out. Karma is real out here n these landlords have the upper hand now, but u just wait. God bless EVERYONE going threw it.
These landlords are finished when the housing crash hits
@@Esperia-ef9xh when enough landlords are forced to get real jobs with the rest of us, just to not be able to afford anything, maybe we'll finally have revolution
Landlords HISTORICALLY have the upper hand. It just changed for once…
nope, they will just hold and wait
@@Esperia-ef9xh real job? How do you know what the landlords had to do to obtain their property? Work perhaps? Have you even owned anything? Let’s say you have a car, you pay ins, payments, upkeep(oil changes, inspection, excise tax, anything) and someone else drives it and doesn’t pay for any of that, would you be happy? That’s what you expect. Landlords have property as a BUSINESS, not a charity. If you don’t like to pay rent then buy your own house. Why is it ok for you to pay for every other thing in your life but the landlords are evil? Without them, you’d have no where to live.
Wages aren’t inline with cost of living. Inflation is the destroyer of empires. Sadly, inflation disproportionately impact lower income people more and its raging. The Federal Reserve created this situation.
The Feds are running the biggest ponzie scheme in history.
@@garrett5799 We have crypto currencies to circumvent the system.
The Fed created this mess by delaying the medicine. Now, it's on life support. It's going to be ugly, very ugly for the rest of the decade at least.
@@umbrellakitty6531 Try decades. We spent 15 years living on a Federal Reserve credit card. QE and low interest rates are being ended. It’s bad when throwing money at a problem makes it worse.
@@assessmenttreatment8445 So you’re suggesting they should have just kept people working through the pandemic?
I lived there for 20 years. Made a fortune off my home in 2020 and moved to the Midwest.
…..Enjoy the snow, ice, freezing cold, and miserable humidity during summer.
@@eddieg6436 you’re right but the homes are so close together in Vegas and now I have a 2 acres lot and the same size home I had in Vegas.
The people that keep hoping for a market crash just made hundreds of people miss out on record low interest rates last year and possibly $20-$30,000 in savings on buying their first home. As long as there’s no inventory there isn’t going to be a market crash
Shhh stop telling the truth. Youre gonna cause a rush. Let most people wait a decade.
@@botaccount3449 a decade my ass just wait a few motnhs and you'll see
@@unknowndriver6652 👌
I've been listening to people waiting for the "crash" since 2015 (when we were barely out of the doldrums of the market.) Timing markets is rarely successful.
The only reason there is no inventory is that there are investment firms buying up all the houses and apartment complexes. I am willing to bet that within the next ten years, more than half of any type of domicile will be owned by only a dozen or so firms.
With all these price increases, I’m definitely glad I didn’t have a kid. With all the financial & health issues, and job issue as that my family is going through rn, I’d truly struggle to take care of us both. I’m barely affording me rn
@@csick11 do u have Instagram?
Same! Same!!!! I feel for people with a child or multiple children. This market is unsustainable.
I’m glad u said this ….I been saying this in the past couple years….I’m 30 years old and, I’m single,don’t have any kids …I’m currently little bit comfortable due to I’m flexible….I can’t imagine people with multiple kids….this is hard to even think about it …
Vegas has gotten to be a very expensive place to live it's only a place to come on vacation and get the hell out in 3 days the population the traffic the crime everything is increased so much over the years they are now calling Las Vegas East LA it's overpopulated and I'm planning to get out as soon as I can
Yeah, the thumbnail looked like a literal pile of crap. Everyone crammed together like slums? Just nasty.
It is East La
@@greatone7314 yeah great one that's what they're calling us
@@kathleencernetich6243 The emperor in Rome back in the day said to Feed then Bread & Circus and we will have total control and get rich quick. Same is happening in Vegas & throughout the country.
It's not that rents are going up, it's that your money is worth less.
Actually that part has not even began to impact us yet but it's going to pretty soon. That's pretty scary to think about actually.
Kuboms nomsy Aisu mo au lo su punwuy!#69]¢×} }>¢
Families SHOULD be living together! It's unsustainable to give Everyone their own home, car...etc..etc...
Nevada and Arizona are becoming the newest, most unaffordable states to live in the west. 😢
Water is going to get expensive too , if the drought doesn't end.
Gasoline going to $10/gallon in 30 to 60 days; April or May.
That's fine Vegas is not the only city that sells houses
Rents never go down, they only go up.
wow, you are very smart.
If the value of a home drops from 400k to 200k, then rents WILL go down.
I’m 27 years old and I left California November 2021 to come to Las Vegas on my own with no family and no house just my car and a few boxes of essentials and it’s basically the same living as California. The prices of food and gas are insane even off the strip. I’m gonna have to head down south the Texas in the next 12-24 months
Everyone is going to Texas. It’s going to be the same there.
Rent won't be reduced, same like gas price and groceries costs. Just stop buying unnecessaries things, reduce cable channels, ride public transportation, drink instant coffee instead of ground coffee, don't buy bread, eat fewer carbs food, more veggies, salads, fruit, and some protein. The only choice right now is to tighten the belt.
Yes but with high rent your money is gone
@@mycommentskeepgettingdelet184 For the low-income workers, disabled people, veterans, and senior citizens there is affordable housing, section 8, and subsidized housing. Must register to fill out the applicant's qualification online. The healthy, energetic, and young low earner worker can have two jobs, one in person, a second working from home, and share a home with a friend until the economy improves.
Yeah just don't spend anything on life just rent and that's it. Lmao 😁😁
I'd rather walk that get on those nasty trains and busses with violent, diseased. crackheads.
@@JesusChrist2000BC This astronomically rent increase is new and won't last. The normal rent was to have a choice to rent according to what a renter could afford starting at $600 a month for a one-bedroom apt. not like it is now.
This is why you never sleep on purchasing a home and being content with renting. You lose out and unfortunately around the USA the desirable states and cities are going up the most. If you are a renter you may have to move to South Dakota or Kansas to make a living where it is cheap. When the market is ready you BUY, these people were content with Renting and it cost you.
Right, beautiful, sunny places are going up in price the most because the investors are focused there. So are homeowners and second homeowners.
People aren't "content" with renting, they can't afford to buy. I'm renting because I do not have the money to buy a house and wouldn't qualify for a large enough loan for any of the houses in my area.
@@cawheeler27 Where I live, what I'm paying from a relative I would be sleeping in one of my cars if it wasn't there. I still work here.
I lived in Chicago and rents kept going up do to high taxes. HERE IT SEEMS TO BE TOTAL GREET The very rich bought up so many properties with cash money to rent them out and get what ever the can out of hard working people. there really needs to be a law for price gouging .Most of these Landlords dont even live here.
Almost anyone in RE at all is vermin.
I lived both places
You mean socialism? Way worse
@@dcg590 everyone has a right to housing
.PRICE GOUCHING IS SO WRONG.
@@dcg590 This has nothing to do with
socialism it has to do with Human kindness
I'm surprised Las Vegas took this long to become expensive. Las Vegas is basically an expensive 'tourist town/city.' Towns/cities such as NYC, LA, Honolulu (and most of Hawaii) are EXPENSIVE.
Surprised people want to live there?
Where isn't it expensive...in the USA...to live? Austin, New Orleans, Miami, Oklahoma City....??? If you own rental property you can pretty much demand what you want, especially if the properties are owned by the corporates. The cooperates are snapping up the lion share of rental properties......in all of the major U.S. cities. Do YOU know how to change it?
@@brucemarsico6 many claim texas is cost effective?
@@samiam9059 Not everywhere in texas. Dallas isn't, Austin isn't, San Antonio. There are places that are right on the verge of being discovered. Before the mass invasion of over monied take over. Happening slowly, but surely, in the counties north of Dallas. The way it goes is, you can sell your property in California or New York, come away with MILLIONS. Then, relocate to some small town like Denison or Sherman (Texas) and with all of that money one can buy lots of acreage and build a giant spread. Much bigger than what you had in New York or California. But HURRY! Everyone is finding this out. And when they do, there goes the easy affordability....happens every time....
@@brucemarsico6 We know that...Also so much more dangerous now like las vegas even in what was always real good areas like Auston is terrible now as shocking. Friend of mine live there and worked for AMD as top engineer and it was so nice then.
She said she may have to go back to California, rent in SoCal is worse tha Vegas, don't even try San Diego, it's impossible to even find a place here to even rent.
She said to freedload off family tho. Did u catch that part?
An increase in expenses will definitely equate with an increase in crime, desperate times will result in desperate measures, so in the end everybody loses because it will be a heavy price to pay, landlords will have more evictions more expenses to pay the courts and sheriffs, more stress and violence because some ppl will just simply SNAP and harm landlords, neighbors family and friends because of the anger and stress of trying to keep up with the high rents, it’s absolutely tragic what is taking place
Why would you harm you neighbors because you can’t pay rent? Animals like that should be shot.
@@Jay-pf2cn you ask why? Why why why, life these days is one big why, ppl do dumb crazy sh all day everyday all across America where in the green acres have you been,, ppl get attacked for no reason now days, innocent ppl getting killed and hammered by psychos, gang members, random criminals and you ask why
@@alisarumrum2062 All of them can eat lead.
@@Jay-pf2cn -I AGREE.
This is happening everywhere
In Boston, as one example, you need to .be making 75K to 100K as a starting point in order to live there.
I live an hour from Boston, and we’re getting commuter rail next year, with developers from NYC and Boston buying up properties as fast as they can.
I had the chance to move to Vegas in 2008 and passed on it.
Good Luck LV, landlords. The city will stop you, along with corporations. Why? Because they need workers to work in the Casinos. You are driving out the work force through PURE GREED! The guy that is fighting the rent increase. Should know his landlord us doing it because she wants to come back into her home. And she is fling it to purposely make him move. Which is far different from the GREEDY Landlords, charging rent fees like it's a mini mansion!
This is going on in almost every major and mid-sized metro area....even in some small metro areas.
I live in NE Kansas where once upon a time it was very affordable. We moved from CA over 12 years ago. We bought a house outright so we have no mortgage payment. Rents have gone from around $500 a couple years ago up to $900+ today. Homes are selling, some within hours of appearing on the market. Anything under $140k usually won't last more than a few days. There was a lot of "Flippers" who came out here a couple years ago and started to drive the market up. If you're a blue collar worker there are a lot of jobs here and they pay very well. Manufacturers have moved here as well as distribution centers. Because of people quitting so frequently they are constantly hiring. As far as costs at the supermarket, they've been increasing although we're not experiencing a lot of shortages. The shelves are usually stocked. Except maybe the ramen noodles. Gas is almost $4. Half the people drive pickups, the dealerships have very few on their lots. A lot of people have moved here from other states so the infrastructure is suffering. We had some snow a few times which created a lot of potholes, more like craters. They won't be filled until the weather changes.
You're part of the problem...once one is a Californian you should never ne allowed to leave and F*CK it up like California. You're probably a sh*thead liberal that should be a target for the upcoming civil war.
@@samdp8497 🤣🤣🤣 ummm no, not really. I'm a conservative. I vote conservative. I am a native Californian, yes, but the liberals took over. I remember when Pete Wilson was mayor of San Diego and the Fondas were just actors and Regan became governor, (darn it! There I go showing my age again). We got priced out with no jobs in California. Sorry, I won't live on the streets. Not a lot jobs there for blue collar workers.. Living here used to be like living in 70s San Diego. So I'm not sure how I'm part "of the problem" Maybe in your liberal mind. 🤔 btw, a lot of people in California are transplants who wanted the weather and lifestyle. California used to conservative. It wasn't the natives that ruined California, it was them bringing in their liberal agenda and inviting all the illegal aliens in. Oh, the house we bought cost $28,000 then. With no income it was everything we had. It hasn't gone up much in value since. We're not exactly wealthy liberals 🙄.
@@moonwolfdancer1103 I am from California too and a conservative. Moved to another western state .
Once the lakes are dry these home prices will be cheaper than ever, won't be long at all
🤣🤣🤣it’s a shame that it’s going to take that to get reasonably priced rents. It’s too much money to live in a dust bowl.
Beautifully said my friend that day is coming.
@@sjb3460 Weird.....cause Northern California also supplies southern California with water.
if you're reading this, easiest way to compete with these prices is to find a job that requires a "special" set of skills. Get into industries that are ALWAYS in need of employees.
Truck drivers make a great living and the schooling process only takes two weeks to get your class a license.
Besides that, you could also get a forklift license that'll pay well. Any other job like retail stores, restaurants, or door dash n Uber won't pay all your monthly bills.
Key words are "special sets of skills"
Figure out what type of skills you'll need to make great money with high demand jobs.
Having been in the trucking industry for a long time, Some people take longer to learn than others.
It's not always an easy job. In fact, it's so much sitting it's like a guaranteed heart attack. My uncle had a trucking company. Dropped dead of a stroke last year.
@@martinnorbeck5961 the point I'm making is that trucking school does not take years to complete like college does and it pays very well.
@@windsofmarchjourneyperrytr2823 prayers for your uncle..sorry to hear that. Nothing in life is easy to do, but trucking is easy to get into and also pays great to be able to afford rent in today's economy.
Trucking school doesn't take years to complete like college does and it pays great
@@vegaslimoguy2376 it literally took me 17days to get my CDL back in 2018..
I started off OTR now I'm home daily..
I had to do 200hours of behind the wheel time in 2018. Didn't make alot of money starting out, but nowadays I'm making enough to save an entire paycheck without spending it.
Everyone's situation is different.
Don't tell me I don't know what the f*** I'm talking bout
Unless the higher income people want to start working all the service jobs that makes vegas what it is these prices will have to come down.
Reminds me of Don’t Look Up when the movie ended and wealthy people who escapes to a new planet had no one with dramatically less money than them to work for those jobs
Plenty of cheap labor coming in from below to take theyre place. Dont ya think?
@@martinnorbeck5961 their* .. and that "cheap labor" would still have the problem of expensive rent
@@Wesley-rn7oc where I live they don't care because they have 10-15 people living under one roof and are happy as can be
Doubful - there are billions of people around the world living on $2 a day who would love to live in Las Vegas and work for pennies on the dollar.
I see 2 and 3 whole family's living in 1 apt
I see the same thing here in the CA Mojave Desert.
Just like where they came from.
@@roy3242: It was once thought that only migrants to this country lived in this manner but with the growing economic downturn, it is now common to see many whites living like this through the US as well. Times are hard these days for most Americans and they are about to get much harder for all.
@@carbonsnail014 yeah that's some racist ish
@@G_Vegas22: I live in a fairly decent area and in front of many houses where I live there are at least 6 to 7 cars parked in front throughout the day and night, this is becoming more common each passing day.
I love it when the "experts" inform us that "this is the new normal" and "prices will never go down!" I remember when they were saying that in 06 and 07. Hm...
Yea. But one of the biggest differences today vs back in 07 is that now you have a lot of investors buying homes and turning them into to rental properties. Hence the reason why you're seeing rent being increased 30 to 40% in a year which is crazy.
That was the great recession.
@@mitube4u What happens when people cant afford those rents then? Yeah, thats right, the prices come back down.
yep .. everyone's an expert .. I'm an expert on being an expert on everything, even nothing
@@geckster109 Let's hope so. But at the moment it doesn't look too good.
Where do people move to when they leave vegas seeking a cheaper cost of living?
kansas
Mississippi
El Paso, N. & S. Dakota, agree with Kansas.
Third world country
Miss, Alabama, the deep south
why do the landlords need to raise rents...isn't their loan payment still the same from back whenever they bought the property?
Property taxes go up, repair goods goes up, Electricians, Plumbers, Roofers, AC men, Painters, Appliance men have all raised their prices. It never seems to end.
@@recycler60 in California there are always new environmental mandates with very expensive and costly to fulfill regulations. The politician’s pass them and don’t give a fig as to how much it’s going to cost the landlords to implement, but the people (tenants) who voted for those politicians will eventually have to absorb the cost themselves in rent increases. Of course they will complain and say we’re greedy, but they really only have themselves to blame lol…
SOMEBODY HAD TO PAY FOR THAT BS NFL STADIUM!!
Problem is Nevada has no rent control laws in Nevada. The state needs to address this issue or raise the minimum wages.
California has rent control. The issue with rent control is that new builders will never build affordable housing such as affordable apartments anymore. Because it doesn't benefit to do so knowing they won't be able to raise rent. So they build luxury apartments so they can start off charging a large amount that the regular person can't afford anyways. The only people it protects are those that already rent low but they will never be able to move out of fear of losing their rent protected apartment.
Rent control is not all it's cut out to be. That is why you don't see affordable apartments being built in California anymore. Rent start at 2500 for a 1 room apartment. How does rent control help?
Minimum wage in Las Vegas is increasing 75 cents every year until it reaches $15 an hour
@@rdrdlv lol 🤣
@@rdrdlv 🤣
Rent control won’t fix it. Neither will raising the minimum wage because all employers just raise prices as their expenses increase and it’s passed down to the consumer. Which means that $1 raise won’t offset the increase in prices for goods and services. We need to stop talking about a minimum wage and look at the livable wage. Two very different things.
Las Vegas has two kinds of consumption greed and debt !
Property owners have to pay their bills to make up for the people not paying their rent
Peggy it's true landlords have to pay their bills but why keep squeezing it out of the people that have been paying all along by increasing the rent outrageously
This started before the pandemic, it is good old price gauging, just like groceries and gas, etc.
It’s greed plain and simple
@@heyyou7536 why? It’s a business plain and simple. Let’s not forget how they have been forced to provide their service for free for 2 years. Would you work for free? For two hours let alone 2 years? All while covering families who were receiving plenty of fee money?
Stop bringing teams here it only benefits the casinos
I do not understand why housing for regular people can not be built in mass?
GREED
Well when many didn't pay their rent at all...everyone will have to kick in to cover the unpaid rents.
And us in hawaii are moving there thinking it is soo cheap still.
Aloha!
High rollers will only live here!!!
Everybody that works on the strip should quit. That will lower tge rent I promise
Who will serve them?
It should get better. I lived back and forth California and Vegas. I sold all 3 of my properties in Vegas and I regret not keeping one of them as I really miss Vegas. Looking at the prices now its just ridiculous. I know many friendly Vegas locals saying its unaffordable and they are moving to other states. When remote work becomes less I think people will return to the cities. Hopefully...
When did you sell? & why?
I've got 0 intention of going back, myself.
California: you're welcome!
Moving out of my 1300 a month nice condo in Henderson. Scared to see how high the price lists for.
You're living in a dream, now your about to face REALITY.
@@ROYALP100 lol huh?
@@ROYALP100 Have you actually Lived in Vegas? It’s No dream. Crime is high. School ranks 49th in Country. Crazy drivers!
Landlords are getting their revenge on all the deadbeat tenants that didn't pay rent during the pandemic.
Dead beat ? PEOPLE LOST THEIR JOBS FOR SOMETHING THAT WASNT THAT SERIOUS
@@brandonlopez8950 so? And the landlords still had to pay their bills. Why is it ok for people to live off of someone else? I sympathize because I lost my job, but the bank doesn’t care, my mortgage was due! Same with landlords. Now they want to make up losses for being forced to house people for free. You act like the renters were the only ones who lost jobs and shouldn’t have to pay. Don’t you think property owners went through the same thing? Not to mention, many many people were collecting free money, more than they’ve ever had and still not paying rent.
Lol I just got a email that my rent will increase by $200.
Time to buy
This is everywhere unfortunately. I have family overseas and again same thing there .
I don't remember a time that rents went down. I'd never expect that. My bad, I forget, "When were rents trending downward"?
Start of the pandemic. Also 2008…
@@botaccount3449 Everyone lost with cash investors buying everything bulk for pennies on the dollar.
They would have if the government stayed out of the pandemic by allowing people to miss mortgage payments for a year!
It is unacceptable. Where is our leadership? Where is our representation. Oh that's right the American people are just a number to government. People are going to be homeless. I feel for anyone in the struggle right now because our representatives have made it quite near impossible to survive let alone thrive. Try being the person sick with worry about their bleak futures. We need action and accountability more than ever.
They could solve this overhight be ending non US citizens from owning homes. And by ending nonowner occupied single family housing. This would lower home prices and rents would follow
Born and raised in a sleepy beautiful Ca. beach town. World flocked here and feel lucky to still be able to live here but sure feel the pain of people living in nice areas being overrun.
This is why I'm attending college, I'm struggling and I have managed to get the rent caught up but I was only able to find a part time job after 9 months, and it doesn't pay well so I don't even know how long that will last, because even though I communicated to the landlord they are getting less understanding. And on top of that I have people just expecting me to live on a low wage. That is not exactly supportive.
It’s not about a college education, people with college education and have good paying jobs are struggling because the rents are rising do high and so fast that even educated people with high paying jobs can’t pay the rents. People are going from a 1000 to 3000 a month rent in one year and that is the truth in many major cities.
@@tracymorgan5386 you are entitled to your opinion lady, you probably didnt have to work low paying jobs and then have a hard time finding another decent paying job. You try working a low paying job and deal with the high cost of rent.
@@crystalsswtor3760 During the 2008 collapse, I contracted for Disney, where nurses were taking jobs in kitchens. Your career isn't safe unless it's attached to farming, food or securities and that hasn't changed in over 50,000 years.
@@tracymorgan5386 bullshit, provide your source
get a useful degree and don't listen to morons that say college isn't worth it. You may be struggling now but it won't always be like that.
There goes my six year plan for moving to Las Vegas😪
Do your research please
Oh no families coming together? How horrible.
That's so funny. I had roomates and family sharing 1 bathroom growing up. Now people want to live alone. No wonder we ran out of units.
house prices up 19% rents up 18% but they are only increase 4.7% in the official CPI figures ?
Detroit suddenly looks almost decent
As a thirty year landlord I know the quality of tenants has gone seriously downhill. I sold all my rentals , I might go back to renting but only if rents double. It will take a doubling of rents to make being a landlord worth while , at least double. Until tenants understand they are expected to maintain the property . The landlord isn’t your cleaning company. Your destructive children , pets make renting a losing business. Aside from doubling the rent at least doubling the damage deposits as well. Good luck to all of you irresponsible jerks out there.
Sheeesh you're old. It's ok you will be rotting in your coffin ⚰ underground soon. So don't worry about renting any properties. Just enjoy your last few years.
Ha ha! You're a douche, YOU have to keep some cash on hand to pay for maintenance of YOUR buildings instead of getting all stressed out like the world is ending.
@@84848AR he was never a landlord... he's just trolling and judging people. Don't sip his koolaid.
You can adult only apartments. But people should respect property and keep it clean. They don't realize it can the rent down too cause you don't have to hire cleaners as often.
i wonder if this also has anything to do with the rich companies buying houses and price fixing higher?
Nope. It's all about the working poor receiving money during the pandemic. Come on property owners, amirite?
If you think its high there checkout Florida.....People bought mobile homes for 8K and are asking 50K..
Same here in Phoenix.....I came in 81 when there was 1.7M people in the whole state. Now there are over 6M people. Crowded and the desert being destroyed daily......Housing is out of reach for many middle class people. Water shortages will be the last straw coming soon.
Thanks to California
Just as the price of homes has greatly increased so goes the rent.
Wages remain stagnant. The working man loses again.
When I moved to Henderson about 12 years ago many of the apartment complexes offered a free months rent if you signed a year lease. Sounds like those days are long gone now.
Las Vegas is too expensive to buy, lease or rent anything... Las Vegas is too costly to live in ( period ). Even going out to a local restaurant or local bar or lounge is getting too expensive... With gas prices and food going up in price..., good luck ! ! :)
Rental housing is a necessity and should have 100% government oversight. I own rental homes and I believe owners should be told what the rent will be for their property based on various factors and it should change yearly. The value of a rental unit should not be in monthly rental profits but from the eventual ownership of the property itself. But that's just my old school unselfish midwestern way of thinking.
@Jeff Scott, The last time the Government recently mandated how much private landlords can charge for rent, you weren’t allowed to charge anything at all. It was absolutely free with no evictions allowed and it still continues in LA to this day. You seriously should go see a Doctor about short term memory loss or Alzheimer’s. To have forgotten this quickly about the covid rent moratorium of the last 2 years.
I own 42 houses. Tenants that skipped rent during the eviction moratorium got a 40% rent increase. Those that paid during the moratorium received a 5% increase. Karma is a bi▪︎tch.
That seems reasonable to me! I am a tenant that paid rent entire time during COVID. Both my husband and I were unemployment for a period of time. How ever, we got the money together.
Wow, you sound like a really awesome guy.
No you don't. If you owned that many houses you would not be on UA-cam commenting. You'd be busy with work. Stop trolling.
I paid faithfully and on time during the pandemic, my Property Manager only raised my rent by a hundred dollars, I live with in the foothills of Nor Cal next to Lake Tahoe where prices have exploded because everyone in the San Francisco Bay Area are taking over this area !
Our landlord increased us 25%. Never missed a payment in 7 years.
Almost moved there in March 2020 from Seattle. Little did we know.
Seattle is better
this is GREAT for this City and it will keep going up and push people out and thats not a bad thing! bring the culture and new businesses and a greater city 🎉
It's everywhere U.S. Canada and Australia. The more people you let in your country the more you going to pay for everything.
Well, guess women need to find a HUSBAND...society isn't made for single people...it's made for the family unit!
Exactly. Been that way for thousands of years.
2 household incomes. It’s just a shame that now people are forced to put themselves in to these situations more for convenience than for love. So sad!
There is a sucker born everyday,this is what women are good for looking for that sugar daddy.
So living together benefits both women and men, financially. Although men often still earn more per hour for the same job, both sexes are usually working. And ALL could use someone to split the rent/mortgage with. I say rent out a room instead. Cheaper than divorce.
@@Vickiesix rent a room? From who? It's amazing how women would rather gamble living with a roommate (which rarely do women get along living together) than trying to find a HUSBAND. Roosters have come home to roost. Feminism is over, your "independent" bs is over...or end up old and homeless, or living with your children. What a pathetic life!
Why are so many relying on the government for help? If you can't afford it, work harder or move to where you can afford.
LV used to be affordable. That’s why a lot of people moved there.
Housing crash coming
Sorry Los Angeles(I MEAN) Las wages.
Lol…Lost Vegas, lost it to Cali and Florida.
You used to be able to get online and find many affordable options in Vegas and find place in few days. I had good job so basically just showed 2 months bank statement and good rental history and i had many options. Today? Forget it.. My brother and i looked for place about a year ago and was stunned on not only increases in rent but the qualifying process is very difficult to even get considered to fill out application.
I left vegas cause of the brutal summers. Who would want to pay more to live in a place like Vegas?