Decades ago a person working at a grocery store with no degree could afford to maintain a family of 3-4 with a mortgage and that wasn’t out of the ordinary. Now a professional with a degree and years of experience needs a roommate in order to not move every single year
The grocery stores purposely dumbed-down the cashier job so a monkey can do it and. they can pay less. The “cashiers” in my area scan slower than the old-time union cashiers keyed in every price, and they’re surly and low-class.
Grocery store is an entry level position. It affords an entry level home (apartment). My wife and I have our masters degrees. A mortgage is not an issue. Don’t buy into the, college isn’t worth it garbage. College is very worth it, if you get a degree like health care, education, engineering, etc. don’t study cultural differences or some waste of time degree
@@CurieBohr an entry level job isn’t even getting people an entry level home nowadays. People who do basic things that society needs can barely make ends meet when trying to buy basic items or having a savings account. Otherwise lets just have all doctors, lawyers, engineers and no one plowing roads, maintaining streets or keeping buildings up i guess
@@nickgarcia4988 entry level jobs are for retired people that need things to do or kids working on their real career. You can’t just get a “job” and ignore working at a “career” and expect to live comfortably with no assistance. These crazy demands are why robots will replace almost all entry level jobs within 20 years. People feel entitled to homes and Tesla’s while putting groceries in a bag. The fewer people that can do your job, the higher the pay. Stop doing a job that a trained K-9 can do. Get a career.
I’m so annoyed that I want to move out of my “luxury” apartment where I spend $2000 in rent, that a house for rent around the same value looks like it hasn’t been updated since the late 90s and want $2500 for a 2 bedroom house
Back in the sixties and seventies, my father, who was divorced, raised four kids, owned a home, kept a lot of food in the house, all on a single-income working as a warehouseman. Sure miss those days.
@@dedalliance1 shipping jobs overseas overall is a good thing for the country that ships out jobs. The question is to how results of oversea work for pennies are being distributed.
Prices rising really just means the dollar is devaluing from massive money printing. And you're right wages don't go up to counteract the devaluating currency.... Well unless you are the CEO or a high ranking executive that is, those wages are skyrocketing
This guy told a person to sell their home when they had a mortgage of $1100 a month and a family of 5….i literally laughed and yelled at this guy at same time as they won’t be able to find a place for less
Rent prices are HORRIBLE. We tried living with other families and it just didn’t work. We tried apartments and it was super expensive. We moved away from the city and managed to get a super inexpensive home, it is ‘cheaper’ on paper but homes (especially cheaper homes) have their own set of expenses- which makes the reality even more expensive. If you are single with no responsibility, sure couch surf and eat ramen, but that’s not realistic if you have a spouse and kids. Rent is the highest expense and it sucks.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@PilouBen However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
Yep I'm only charging my tenants $600 and $650 for a 1br duplex on each side . They are family and a friend of family . I'm going to go up only $100 soon tho .
@@sleepmoneyken9234 I have always agreed with the Graham Stephan way of doing it. Don't ever raise the rent, but if they ever decide to leave, then I can raise the rent to what I want. If you have a good renter that sticks by you, I consider myself lucky.
@@evr0.904 I'd rather deal with rent cost than a roommate. Didn't appreciate the roommate I had in my young 20s who had the most immature girlfriend who stayed over once in a while but when she did, whined and fought with my roommate all the time, slamming doors at 2am.
@@wtk6069 you mean landlords didn’t refinance at historic lows? Your statement would only apply to landlords who got mortgages after the rates went up.
No it ain’t mate, that’s just ridiculous thing to say, we live in the most prosperous era ever. You think it’s worse now than it was 100 years ago get real….
@@ryanburr2164 It is how it works. We are seeing evil and greed on an unprecedented level worldwide. People are willing to pay it because they are desperate because a home is a basic human need. Now you have landlords exploiting that destroying families with unaffordable increases
@@ryanburr2164 that’s not what people are willing to pay it’s what people HAVE to pay. It’s either have cockroaches or be homeless. Everyone wants to have a rental property income and now we’re seeing the problem with that. Plus these rental landlords have mortgages so they NEED the rent to cover the mortgage cost. But owning a rental property isn’t free money, in fact most of the profit comes from having the property appreciate and from the equity built. The fact is using residential property as an investment on a large scale will naturally raise prices quickly(that is the point of an investment after all) The thing is, there’s a very real cap on what people can afford for housing. And we’re rapidly approaching that.
Pennsylvania now a year ago was 725 then 800 then 900 now it’s 1,000 for a studio it’s insane with everything else it goes to 1,100 not including food and other stuff
I don't think that their Team has much else to say to people that will make a difference or an impact. Things are bad and will only get worse. Try not to burden your load with unneccesary debts and purchases.
Because there is no easy solution for this. Unless you can just somehow magically have a much higher income there's really nothing you can do. Inflation especially when it comes to housing has been crippling for so many. And there appears to be no end in sight
As a landlord this is why i don't raise the rent on my Tennants.... I don't need the money. I'd rather have the stability with my tenants who have all been great
Landlord's are good at raising rents but not renovating , you have to know if you enter in this type of business you have to always be Ready for anything and have plan on top of a Plan as an Owner
It’s getting tiresome for us hard working middle class being told it’s “not gonna be fun” but “gotta do what you gotta do”. Meanwhile millions of Americans not working and living off our tax dollars.
It’s not cheaper to have roommates. My rent was almost the same with roommates, they were using ridiculous amounts of electricity and constantly doing laundry/using AC with windows opened. Cost is not going to be half with a roommate. Chances of finding a good roommate are similarly slim to finding a good spouse.
@@blackworldtraveler3711 That's a smart idea. I would literally live in a van down by the river than to have roommates in a house/apartment. Heck, I'd rather live in a run down shed deep in the woods with no indoor plumbing rather than have roommates.
@@Elizabeth_lowkeyluxuries everyone that I know that rents pays at least or more than what I do on my bills and mortgage. It seems the Ramsey team is slow to respond to the changing dynamics.
I feel bad for the renters. I'm glad I was able to buy early on and not have to deal with renting long. For my house the rent price would be $700 more than the mortgage I'm guessing.
in the Bay Area?? where all house are over a million dollars??? i dont know anyone not paying 4000-7000 in mortgage in the Bay Area. and they do these with two income. a single person like me will be on the streets. in austin texas the property tax is more than the mortgage
Renting in “the hood” and gang and dope infested areas cost the same as renting in higher income and lower crime rate areas here in Vegas. A typical 3bd room house will cost $1600-1800 no matter what part of the city
It is too high. Regardless of your income level rent has just gotten to be ridiculous. Do you rent, do you buy? All you can really do is pray and shop around for a deal!
I just find it funny that the generation that wants to buy rental property for the purpose of making the tenant pay the mortgage is angry about high rental prices.
Bingo! This push to get folks to do zero down real estate and have "renters" pay the mortgage and profit to you is certainly contributing to the very problem folks are bitching about.
@@johnadams3418 Many landlords pay cash for the properties they own-especially the landlords who own only a few rentals. They work their entire lives to have a little cash to invest. Renters do not pay mortgages for those folks. The landlords did, however, have to suffer through the eviction moratorium with no rent from tenants who damaged or destroyed their properties and then had to pay enormous fees to get the deadbeats out of their rentals.
My biggest thing with this is Dave constantly teaches not to buy a house until you are almost done with the baby steps. I bet a lot of people wouldn’t be stuck in the rental treadmill being defeated by high rent prices if they had purchased a house a couple years ago and prioritized that first. Rent is almost 1k more than my mortgage where we are at and we only purchased a year ago….
I’m paying 1785 for rent and the landlord was trying to increase to 2080 for the new lease. It’s frustrating. How are people expected to live? I shouldn’t have to get random roommates or move in with family in order to be a functioning adult.
This is why after my divorce in 20, I used my small settlement to buy a 80s old crappy condo. I got a 3 percent mortgage. My HOA fee and mortgage is 850. Rents are 11-1400.00 for a 1/1 like my condo with a homestead exemption. It’s my cheapest place to live.
Plus, if they do things that are illegal, you are on the hook as well, which ruins your chances of getting employment and your reputation would be at risk.
Rent is awful high, but people need to be careful when looking for a room mate, I'd rather work an extra job to afford rent than take a chance with a roommate
3rd consecutive 9.88% annual rent increase in my complex. Inflation is NOT dying down as they claim, at least not in the areas that matter most. That's a sign of what's to come with banks scooping up properties left and right. Good luck everyone.
I live in tahoe city,ca and rents start at 2,500 for an old leaky wooden un insulated A frame for two bedrooms the size of closets. Reno,nv is 1h (summer time and hours winter times) away (closest to tahoe) and rents there start at 1,700 a month for a small apartment. That’s the cheapest option which doesn’t always work as the freeway gets very messy in the winter and you can’t get to your job. If I change my job in tahoe for one in Reno, nv the pay is ridiculously low! Luckily we are buying a house so that helps but overall it’s becoming extremely hard to pay rent and cut costs and such! Even if I stuff the apartment with roommates and eat beans and chips all day long it’s very hard to get ahead for some people in this situation!
I moved out last year to a cheaper place. To renew in this cheaper place (now 1 year later) THEY UPPED THE RENT 19%. It is now more expensive than my last place and the whole reason I moved in the first place. Ridiculous
I'm so grateful I moved in with my girlfriend (who already had a house when I met her) just before all of this started happening. Unless laws are put in place to cap prices, there will be a homeless crisis and a crime wave of unimaginable proportions.
Women don't like when men move into their homes....she might think so at first because she thinks you will help with the bills, but they are biologically engineered to have the man take care of them, not the other way around. When a woman has a man living in the house she owns, she feels like she is taking care of him.
You are correct, formula. I’m amazed at how many comments and posts I see on various media platforms of guys shacking up with their gf and moving in. So many women have no self respect. If they did they’d entertain men that are actually going somewhere in life.
Basically move to the hood to build up cash and until u can buy a house 10 years down the road when the houses r more expensive and ur dollars r worth less
Top rent fears: rate rise, can get kicked out, can't make improvements, landlords are not in a hurry to fix and repair, fees. So we purchased in December 2021 in FL and our eqity is up 25%, I don't care if it goes down, it would bring property tax down.
I don't think that their Team has much else to say to people that will make a difference or an impact. Things are bad and will only get worse. Try not to burden your load with unneccesary debts and purchases.
The whole moving out further thing isn’t working anymore either as landlords know this trick and are just making their rents higher as more people are wanting to move further into the suburbs
because of clearance prices, i think january is one of the best times to spend - for stocking up. groceries are on sale just as much as holiday stuff. that helps me spend less in upcoming months.
And the more you work, the less the house is worth, since you are rarely there Dx Imagine working 16 hours a day and giving all that money to the home you are barely ever there for
Renting/buying/living “further down the street” isn’t that helpful advice… gas ⛽️, car 🚘, vehicle maintenance, transportation to work - for Many of those of us who don’t have the option of working remotely - it doesn’t decrease or disappear. Commuting to work from further down the street isn’t free.
In my case and in the area I live as a single parent working full time, the rent costs would be around 75% of what I bring in. So we are living with family right now.
I wonder how adding millions of legal and illegal immigrants every year factor into the increasing cost of housing. You can't continually add more and more people to certain areas without increasing the supply of housing.
@@reesercliff These illegal immigrants aren't paying the rents, it's us tax payers that are paying for it. We're also paying for their foods, school for their children, and their health care. That's why America is steadily going downhill.
They rip you off to the point where a honest full-time job can not pay for your rent and all that Ramsey show has to offer is "move in with a roommate". Seriously? Not asking why you are getting less goods and services for for the same amount of work, but keeping your mouth shut and searching ways to live having less...
Despite the absolute ease of travel in the current day, movement is actually lower than any time in US history. That means most young people settle down at or very close to where they were raised. That is contributing to this issue and while not all, most facing unsustainable rent prices can move. Now many will make up excuses as to why they "can't" to hide the truth that they just do not want to, but movement away from high rent areas is the best solution to this problem.
Imagine if Renters across the country unionized and collectively just said Nope. Curious how fast rent prices would turn around when they weren't competing with each other.
IMAGINE if people continued to pay their rent for the two years they were not obligated too, then landlords wouldn't have to make up for lost revenue that pays for the repairs and maintenance of the rental unit!
I am fortunate because I live in a rent controlled apartment and my new lease only has an $80 increase. I also have hardly any debt, car paid for up front. But, still, no more ordering in or restaurants. Why? Because I don’t know what next year will bring - or take. I’m in probate so, even if I receive a house, there’s lots of repairs. I’ll say this, too. I see the possibilities of things getting so bad, that my boss may want to move in with me and another friend I know, too, if I get that house. That’s how weird things can get and that isn’t just for whatever escalating costs there may be for me. But, because even my boss has remote family expenses, that have kept her from saving enough money.
I have been listening to you guys for about two to three months. After the first month (December 2023), I knew had to sacrifice my 3/2 luxury apartment and transferred my family to a 1/1 apartment for the remainder of our 15-month lease in the same complex. The move will save us $700 monthly to start working on the Baby Steps and in Jesus' name get us out of debt by the end of the year. February 2024 is our first month in the new apartment, super cramped but I guess that will keep us intentional in all of our financial decisions moving forward.
You can thank local governments for not approving new contstruction throughout the decades. Supply has not kept up with demand. Now for the typical home in a metro area you need to have a 6 figure income to be approved for a mortgage. You need a minimum of 70k income to rent a one bedroom apartment. There's something wrong with that.
My rent is about 33% of my take home, and I live with a roommate in the cheapest 2 bedroom in our city. I think I found a steal. It’s hard out here for sure
We have construction workers and nurses living in vans and campers in my city lmao. And you can tell them to move somewhere cheaper but we need nurses and construction workers so we can't just ship them all off somewhere cheaper.
I own. Couldn't imagine renting right now. I still don't know why rent is raising so much by landlords. Nothing changes for a home owner. Besides food and utilities. Why are landlords. Charging so much. Just don't include utilities 🤷♀️
Buy a house or buy land and build a hut. If you leave yourself subject to landlords you will always be unhappy and broke. That’s just a fact. But buying a house is just about unaffordable now as well. Glad I bought mine and it’s paid off.
Exactly! If I can't afford to buy a house, I'd save enough to buy a cheap plot of land and park my vehicle there, or build a hut or a shed. Continue to live like that until I can save enough money to build my own house. That's what I would do if I was poor.
Exactly gunnin wizard! Buy a cheap plot of land 1-2 hours outside the city and put up a trailer, tiny home, shipping container, etc. Extremely low property taxes with no high rents or mortgages
@@terriesmith2616 That's what one of the disabled Vietnam veterans in my area did. He inherited a small lot from his parents and put up an outhouse and built a little shed out of plywood to live in.
This is one good reason why folks are living in RVs or in vehicles.. Lots of RVers in Silicone Valley, work in the tech industry & can’t afford to save money for a down payment on a house, even though they make $100K, or $300K income. Rents are extremely high in Silicone Valley - no way to save money for a house while renting.. Non-Rich people are doing the same thing (living in RVs or Vehicles), so they can save & buy a home w/a good down payment, or have enough money to move into an apartment (within their means)..Roommates are Not forever..Can only depend & trust in yourself.
Tennessee is a horrible state to live in, although there are no state taxes, local taxes are almost 10% and practically everything is taxed and everything is trash, the place is practically falling apart (Nashville) In my home state of Florida most everyday needed goods are either reduced tax or not taxed at all, and infrastructure is maintained, local taxes are around 7-8% and we got a governor that cares
@@terriesmith2616 Nope, I’m renting from a guy who is in love with me and bothers me all the time so that’s the price I pay. It’s also very unsafe street. I’m searching to move asap but it’s crazy expensive everywhere around so I just suffer through. I cannot pay those $1,500 plus utilities prices.
It's a bigger issue but what also can't be understated is the effect that the Coof measures had on rent prices. If you establish that the government can effectively seize your property and say "Hey, they don't have to pay you", you as a landlord would be entirely rational and justified in raising prices to hedge against such a new and unprecedented risk that has been established.
Rent being high is not about inflation. Is not about increased cost of maintenance. It is about greed. Like everything else in capitalism. I hope everyone has a bit of empathy for others..
I have empathy for others who invest,save,using money to make money,etc... I’m a landlord and shareholder. Have quite a bit of stocks and ETFs with growth and dividend income.
@@blackworldtraveler3711 A convenient way of avoiding responsibility. Thinking that the 'one-sided always push the blame onto the individual' absolves you when you behave greedily at other people's expense. And yes, I used to be a landlord.
@@briannerk3373 In 2008 I paid cash for two small rentals in my zip code and cash for a rental apartment in Rome Italy in 2001 with balcony view of St. Peter's Dome. Considering over 300% appreciation and pure profit. No reason to be greedy. Can't complain.
Don’t have to have a spouse to have dual income. I’m single and have multiple streams of income. No, not roommates which is a horrible idea btw. It’s too late now but stop having kids. More people equals more problems. The exact problems in society RIGHT NOW.
I don't think that their Team has much else to say to people that will make a difference or an impact. Things are bad and will only get worse. Try not to burden your load with unneccesary debts and purchases.
I have tobstay in my apartment that is actively falling apart. Because I can't make the minimum income qualification within 80 miles of work for an apartment.
Every young person wants to own rentals and get the tenants to pay the mortgage. Or they all want to do ABNB! Buy up available properties which sit empty for 75% of the time, causing the available housing to increase in price. But that's capitalism.
Decades ago a person working at a grocery store with no degree could afford to maintain a family of 3-4 with a mortgage and that wasn’t out of the ordinary. Now a professional with a degree and years of experience needs a roommate in order to not move every single year
The grocery stores purposely dumbed-down the cashier job so a monkey can do it and. they can pay less. The “cashiers” in my area scan slower than the old-time union cashiers keyed in every price, and they’re surly and low-class.
Grocery store is an entry level position. It affords an entry level home (apartment). My wife and I have our masters degrees. A mortgage is not an issue. Don’t buy into the, college isn’t worth it garbage. College is very worth it, if you get a degree like health care, education, engineering, etc. don’t study cultural differences or some waste of time degree
@@CurieBohr an entry level job isn’t even getting people an entry level home nowadays. People who do basic things that society needs can barely make ends meet when trying to buy basic items or having a savings account. Otherwise lets just have all doctors, lawyers, engineers and no one plowing roads, maintaining streets or keeping buildings up i guess
I have a Roomate at 29 it’s fine I’m used to it and he pays half my mortgage on my half million dollar house…I just like money
@@nickgarcia4988 entry level jobs are for retired people that need things to do or kids working on their real career. You can’t just get a “job” and ignore working at a “career” and expect to live comfortably with no assistance. These crazy demands are why robots will replace almost all entry level jobs within 20 years. People feel entitled to homes and Tesla’s while putting groceries in a bag. The fewer people that can do your job, the higher the pay. Stop doing a job that a trained K-9 can do. Get a career.
The bad thing is even the apartments or homes that are dated are wanting around the same as the ones updated
I agree
Supply and demand
Yup exactly
Yes, but they don’t know that
I’m so annoyed that I want to move out of my “luxury” apartment where I spend $2000 in rent, that a house for rent around the same value looks like it hasn’t been updated since the late 90s and want $2500 for a 2 bedroom house
Back in the sixties and seventies, my father, who was divorced, raised four kids, owned a home, kept a lot of food in the house, all on a single-income working as a warehouseman. Sure miss those days.
You can thank the fiat currency system for that. "InFlAtIoN iS a GoOd ThInG!!!" lol
@@TheZebracakez Also thank killing the Unions shipping jobs over seas and people being mad that the min wage should be raised.
@@dedalliance1 shipping jobs overseas overall is a good thing for the country that ships out jobs. The question is to how results of oversea work for pennies are being distributed.
@@dedalliance1 the unions ARE what killed the jobs. Paying someone $100/hour to put a part on in an assembly line was not sustainable.
The only thing to do is leave the county and come back in as a illegal, then the government will give you everything for frwe
Prices are rising while wages stay the same.. it's unsustainable.. smh
It's not a mystery why this is happening... but hey, keep voting for EqUaLiTy!
Can't imagine why. Keep voting for equality. Definitely will fix it...
Prices rising really just means the dollar is devaluing from massive money printing. And you're right wages don't go up to counteract the devaluating currency.... Well unless you are the CEO or a high ranking executive that is, those wages are skyrocketing
@@jrb2474 Ah yes, blame CEOs. Thats relevant...
@@evr0.904 I didn't blame CEOs. I just told you where all the excess money is going from all the money printing. Can't handle the truth huh?
This guy told a person to sell their home when they had a mortgage of $1100 a month and a family of 5….i literally laughed and yelled at this guy at same time as they won’t be able to find a place for less
They have no money, but they continue to reproduce like crazy. They seem very intelligent...
I remember that video 😂
If you are willing to move anywhere, then it is possible to find a deal.
Times have changed
@@JakeStewart1343 Yah it was crazy
Rent prices are HORRIBLE. We tried living with other families and it just didn’t work. We tried apartments and it was super expensive. We moved away from the city and managed to get a super inexpensive home, it is ‘cheaper’ on paper but homes (especially cheaper homes) have their own set of expenses- which makes the reality even more expensive. If you are single with no responsibility, sure couch surf and eat ramen, but that’s not realistic if you have a spouse and kids. Rent is the highest expense and it sucks.
💯
Gotta take care of the fam first that’s for sure
You gotta move out of America.
dam that's crazy they are charging rent so high
It really is…….
Me: Hey Dave my Rent went up again what do think I should do?
Dave: Spend less on Rice and Beans
Can't have rice and beans just rice
Find a cheaper brand of ramen.
Alpo
@@kyleb835 Im living on just the beans.
😅😅😅
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@PilouBen However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@PilouBen Judith Ann peace is her name
Lookup with her name on the webpage.
@PilouBen You are welcome .
The only good deal you may get with rent is when you rent from a private landlord which owns the home and isn't greedy. Truly a diamond in the rough.
Yep I'm only charging my tenants $600 and $650 for a 1br duplex on each side . They are family and a friend of family . I'm going to go up only $100 soon tho .
Curious why go up instead of keeping the same?
@@LittleMopeHead construction and maintenance costs have went up
@@sleepmoneyken9234 I have always agreed with the Graham Stephan way of doing it. Don't ever raise the rent, but if they ever decide to leave, then I can raise the rent to what I want. If you have a good renter that sticks by you, I consider myself lucky.
Well said. I wish they talked about that in the video. Seriously, that is the best choice today.
Don’t get a roommate. It often turns out to be a nightmare to get them to move back out
That is true i used to have a roommate and almost got outselves arrested because we fight alot
Don't get a roommate, but complain about rent. You're smart...
@@evr0.904 I'd rather deal with rent cost than a roommate. Didn't appreciate the roommate I had in my young 20s who had the most immature girlfriend who stayed over once in a while but when she did, whined and fought with my roommate all the time, slamming doors at 2am.
@@evr0.904
I would rather live in a van down by the river than in a house/apartment with roommates.
@@terriesmith2616 Congratulations? That doesn't change the fact that getting roommates is a financially smart move.
Mortgage payments and property taxes are high too, not just rent.
everything is high
All about choices.
Which is why landlords have to pass the cost off to renters. It's not like they're pocketing the high rents.
@@wtk6069 you mean landlords didn’t refinance at historic lows? Your statement would only apply to landlords who got mortgages after the rates went up.
Honestly, I think life is just harder and more tragic than a lot of people realize.
👍 agree
if only we had an open border and a billon people we would all be better off
Yes it’s hard !!! I’m 28 single and can’t figure this out
No it ain’t mate, that’s just ridiculous thing to say, we live in the most prosperous era ever. You think it’s worse now than it was 100 years ago get real….
Just arrived in Brazil yesterday for Carnival..
Cloudy 84 degrees in Rio.
Breakfast on patio.
Tragic.
The truth is any condo infested with roaches is unaffordable nowadays… not only for single people… for families with kids, this is evil
Not how it works, they are charging that price because that is what people are willing to pay
@@ryanburr2164 It is how it works. We are seeing evil and greed on an unprecedented level worldwide. People are willing to pay it because they are desperate because a home is a basic human need. Now you have landlords exploiting that destroying families with unaffordable increases
@@ryanburr2164 that’s not what people are willing to pay it’s what people HAVE to pay. It’s either have cockroaches or be homeless.
Everyone wants to have a rental property income and now we’re seeing the problem with that. Plus these rental landlords have mortgages so they NEED the rent to cover the mortgage cost. But owning a rental property isn’t free money, in fact most of the profit comes from having the property appreciate and from the equity built.
The fact is using residential property as an investment on a large scale will naturally raise prices quickly(that is the point of an investment after all)
The thing is, there’s a very real cap on what people can afford for housing. And we’re rapidly approaching that.
I agree. I’m in Florida and rent is far too high. The past year it’s gone up from $1500 to $1900.
In North Dakota, you won't touch a rental house for under $1500 either.
Here in California, you can get an affordable studio apartment for $2500. But you have to find your own parking.
Pennsylvania now a year ago was 725 then 800 then 900 now it’s 1,000 for a studio it’s insane with everything else it goes to 1,100 not including food and other stuff
@@gabrielj.negrontroche4188 1100 for a studio I wish! I pay $1600 and everyone keep on telling me how I’m “lucky” 🤦🏽♂️
@@gabrielj.negrontroche4188 $1,100 only for a studio??? That's an amazing deal. My sister lives in rural Georgia and pays a lot more than that
I'm sure Dave Ramsey is NOT concerned about rent being "too high."
Because they dont put themselves in debt
Dave Ramsey raises rent on his renters every single year.
@@CurieBohr As he should.
@@amireallythatgrumpy6508 username checks out.
@@superblump87 nice 👌🏼😄
You must be really safe when it comes to getting a roommate. I would recommend moving in with family before getting a roommate.
But your strategy will cut into Dave Ramsey pockets, so he wants u to move out.
I never had a good roommate experience.
@@genxx2724 When I was in college we put bunkbeds in each of the bedrooms of our apartment. We saved so much money.
@@MyLifeThai371 Sure.
@@genxx2724 College students gotta be creative.
Rent is higher than Snopp dogg at the Super Bowl
XD 🔥
🤣
Thanks for pointing out the obvious and offering no real viable solutions for the public at large 💩
Agreed. As time goes on their advice is more and more out of touch with reality.
I don't think that their Team has much else to say to people that will make a difference or an impact.
Things are bad and will only get worse. Try not to burden your load with unneccesary debts and purchases.
Because there is no easy solution for this. Unless you can just somehow magically have a much higher income there's really nothing you can do.
Inflation especially when it comes to housing has been crippling for so many.
And there appears to be no end in sight
What are they supposed to do. Like George said there are no magic solutions.
It just sucks for a lot of people
@@mspino5245 Nailed it… they are absolutely lacking more and more empathy and getting out of reality.
As a landlord this is why i don't raise the rent on my Tennants.... I don't need the money. I'd rather have the stability with my tenants who have all been great
Landlord's are good at raising rents but not renovating , you have to know if you enter in this type of business you have to always be Ready for anything and have plan on top of a Plan as an Owner
Don’t get a room mate . Bad idea
Think about your safety.
Get a GOOD room mate. Ideally one who is already your friend. Somebody you know and trust. Don't get a stranger.
Okay. Then don't complain about prices.
@@evr0.904 Stranger danger ⚠️
Privacy as well.
It’s getting tiresome for us hard working middle class being told it’s “not gonna be fun” but “gotta do what you gotta do”. Meanwhile millions of Americans not working and living off our tax dollars.
It’s not cheaper to have roommates. My rent was almost the same with roommates, they were using ridiculous amounts of electricity and constantly doing laundry/using AC with windows opened. Cost is not going to be half with a roommate. Chances of finding a good roommate are similarly slim to finding a good spouse.
You literally could not be more incorrect...
One of the reasons why a moved into my van years ago.
My expenses also dropped around 95% as well.
@@blackworldtraveler3711
That's a smart idea.
I would literally live in a van down by the river than to have roommates in a house/apartment.
Heck, I'd rather live in a run down shed deep in the woods with no indoor plumbing rather than have roommates.
You were doing it wrong. They are not supposed to just pay rent - they need to help with utilities too.
@@sidra_games4551 Roommates are unbearable. Heck I can't even stand living with my own family nevermind a complete stranger
Or get a 30 year mortgage that only takes up 20 to 25 percent of your income. How can you save for a house like they say if you’re being bled by rent?
That's what I did. Rent went up and a psycho neighbor helped me to take that step and move lol
@@Elizabeth_lowkeyluxuries everyone that I know that rents pays at least or more than what I do on my bills and mortgage. It seems the Ramsey team is slow to respond to the changing dynamics.
For some people, their payment went up because of the increase in property taxes.
I feel bad for the renters. I'm glad I was able to buy early on and not have to deal with renting long. For my house the rent price would be $700 more than the mortgage I'm guessing.
in the Bay Area?? where all house are over a million dollars??? i dont know anyone not paying 4000-7000 in mortgage in the Bay Area. and they do these with two income. a single person like me will be on the streets. in austin texas the property tax is more than the mortgage
Im moving back in with my parents!!! Forget this 😂😂😂
Renting in “the hood” and gang and dope infested areas cost the same as renting in higher income and lower crime rate areas here in Vegas. A typical 3bd room house will cost $1600-1800 no matter what part of the city
Not much different than North Dakota. We pay $1500/month to rent a house here.
@@MyLifeThai371 yep I’ve noticed. Nation wide even in rural areas it’s high
Maybe... try... leaving the city???
That's actually crazy
It is too high. Regardless of your income level rent has just gotten to be ridiculous. Do you rent, do you buy? All you can really do is pray and shop around for a deal!
I just find it funny that the generation that wants to buy rental property for the purpose of making the tenant pay the mortgage is angry about high rental prices.
Bingo! This push to get folks to do zero down real estate and have "renters" pay the mortgage and profit to you is certainly contributing to the very problem folks are bitching about.
Almost as if there are different subsets of people within the same generation
capitalism. what else can the do but save themselves
@@johnadams3418 Many landlords pay cash for the properties they own-especially the landlords who own only a few rentals. They work their entire lives to have a little cash to invest. Renters do not pay mortgages for those folks. The landlords did, however, have to suffer through the eviction moratorium with no rent from tenants who damaged or destroyed their properties and then had to pay enormous fees to get the deadbeats out of their rentals.
It's almost as if not every person is an idiotic TikTok guru that tells people to buy houses by putting next to nothing down on them
Or move back in with your parents!🤷🏾♂️
My biggest thing with this is Dave constantly teaches not to buy a house until you are almost done with the baby steps. I bet a lot of people wouldn’t be stuck in the rental treadmill being defeated by high rent prices if they had purchased a house a couple years ago and prioritized that first.
Rent is almost 1k more than my mortgage where we are at and we only purchased a year ago….
I agree that rent is so high
Landlords are now in the driver seat. Two years ago they could not evict and did not get paid. Its funny how things work out.
I’m still trying to evict and get paid 🤷🏽♂️
sweet revenge/ karma
Depends where you live.
As they should be...
Imagine thinking the rent moratorium was a good thing... get out of this country. Please...
I’m paying 1785 for rent and the landlord was trying to increase to 2080 for the new lease. It’s frustrating. How are people expected to live? I shouldn’t have to get random roommates or move in with family in order to be a functioning adult.
This is why after my divorce in 20, I used my small settlement to buy a 80s old crappy condo. I got a 3 percent mortgage. My HOA fee and mortgage is 850. Rents are 11-1400.00 for a 1/1 like my condo with a homestead exemption. It’s my cheapest place to live.
Room mates are not worth the risk, unreliable.
Plus, if they do things that are illegal, you are on the hook as well, which ruins your chances of getting employment and your reputation would be at risk.
Rent is awful high, but people need to be careful when looking for a room mate, I'd rather work an extra job to afford rent than take a chance with a roommate
It's awful high where you live.
Not everywhere.
Many of you forget that part.
Florida, for a 2 bedroom is 1700-2200, can't find anything better than that unless you go to a bad area.
Agreed. In Lauderhill 1bds are 1600…2 bds 2000 and 3bds 2600 …and that’s just to live in the hood
whats wrong with the hood? Its not like the people who live there are dangerous
3rd consecutive 9.88% annual rent increase in my complex. Inflation is NOT dying down as they claim, at least not in the areas that matter most. That's a sign of what's to come with banks scooping up properties left and right. Good luck everyone.
I live in tahoe city,ca and rents start at 2,500 for an old leaky wooden un insulated A frame for two bedrooms the size of closets. Reno,nv is 1h (summer time and hours winter times) away (closest to tahoe) and rents there start at 1,700 a month for a small apartment. That’s the cheapest option which doesn’t always work as the freeway gets very messy in the winter and you can’t get to your job. If I change my job in tahoe for one in Reno, nv the pay is ridiculously low! Luckily we are buying a house so that helps but overall it’s becoming extremely hard to pay rent and cut costs and such! Even if I stuff the apartment with roommates and eat beans and chips all day long it’s very hard to get ahead for some people in this situation!
Right with income there is a limit.....
I moved out last year to a cheaper place. To renew in this cheaper place (now 1 year later) THEY UPPED THE RENT 19%. It is now more expensive than my last place and the whole reason I moved in the first place. Ridiculous
It's greedy landlords.
And tenants who destroy everything.
It's supply and demand.
I'm so grateful I moved in with my girlfriend (who already had a house when I met her) just before all of this started happening. Unless laws are put in place to cap prices, there will be a homeless crisis and a crime wave of unimaginable proportions.
Women don't like when men move into their homes....she might think so at first because she thinks you will help with the bills, but they are biologically engineered to have the man take care of them, not the other way around. When a woman has a man living in the house she owns, she feels like she is taking care of him.
You are correct, formula. I’m amazed at how many comments and posts I see on various media platforms of guys shacking up with their gf and moving in. So many women have no self respect. If they did they’d entertain men that are actually going somewhere in life.
if you want an example look at california, its a disaster
@@markb2007 Ladies, if your BF cannot qualify for his own home/mortgage, then you cannot afford for him to live with you in your house. Get a new BF.
@markb2007 That's pretty bold talk for someone with a kitten as a profile picture lol. You wouldn't have the courage to say that to my face.
I have to pay almost 60% of my income on rent. And it's one of the cheapest flats in town. Unfortunately, moving is very expensive. It's a crisis.
I'm disgusted with rent price, even for a single guy.
When I was in college my roommates and I put bunk beds in our apartment bedrooms (These were tiny bedrooms). Saved so much money!
It’s worse for a single guy..
My rent for a one bedroom apartment is the same as renting a bedroom with a stranger.
Your one-bedroom rent is the same as a one-bedroom rent. Fascinating...
lol yes even renting a room is the same price as renting your own 1 bd apartment
I have no car payments, a modest home, and I’m a union licensed electrician and I don’t even make enough for my wife to not have to work.
Basically move to the hood to build up cash and until u can buy a house 10 years down the road when the houses r more expensive and ur dollars r worth less
No sane person is going to do that move to South side of chicago where gang violence is out of control No Thanks!
But will you make it out of the hood?
I live in the trunk of a car. No thank you.
Top rent fears: rate rise, can get kicked out, can't make improvements, landlords are not in a hurry to fix and repair, fees. So we purchased in December 2021 in FL and our eqity is up 25%, I don't care if it goes down, it would bring property tax down.
My entire salary wouldn't make half the rent....30% would be a dream for me
Home interest rates are high too
It's currently less than the 30 year average.
Good. High interest rates bring down the price of homes. When CASH IS KING, house prices drop.
I sometime wonder if these segments are just there to reaffirm this is the new normal rather than demanding a real explanation.
I don't think that their Team has much else to say to people that will make a difference or an impact.
Things are bad and will only get worse. Try not to burden your load with unneccesary debts and purchases.
The whole moving out further thing isn’t working anymore either as landlords know this trick and are just making their rents higher as more people are wanting to move further into the suburbs
because of clearance prices, i think january is one of the best times to spend - for stocking up. groceries are on sale just as much as holiday stuff. that helps me spend less in upcoming months.
I got a two bedroom apartment and a room mate, it was cheaper than tackling a one bedroom apartment on my own.
A one bedroom and a roommate would be even cheaper and you would save money on heating, just snuggle with your roomie
Getting a roommate is now the most reasonable option for many these days. Good luck DR Show. Tougher times are ahead.
Yeah, sure. "Most reasonable option" 🤦
If you don't mind ending chopped up in a car trunk, go for it.
Some people really live in La La Land....
Ah yes a roommate that refuses to clean their cat’s litter box, has bottles and trash all over their room, and steals your food.
And the more you work, the less the house is worth, since you are rarely there Dx
Imagine working 16 hours a day and giving all that money to the home you are barely ever there for
I think it’s more feasible to get a second job rather than get a roommate
I have both lol
Renting/buying/living “further down the street” isn’t that helpful advice… gas ⛽️, car 🚘, vehicle maintenance, transportation to work - for Many of those of us who don’t have the option of working remotely - it doesn’t decrease or disappear. Commuting to work from further down the street isn’t free.
I like your thinking.....
Haha, us Californians wish rent was only 30% of our paychecks
All about choices.
@@blackworldtraveler3711 you’re not wrong
In my case and in the area I live as a single parent working full time, the rent costs would be around 75% of what I bring in. So we are living with family right now.
What city?
It is great to shop OFFLINE. The best deals in Chicago are the ones where the owner has put out a sign out. Corporate landlords are the worst.
Why does the rent keep going up ? They should have the rent stable for a couple years it’s unfair for no reason.
I wonder how adding millions of legal and illegal immigrants every year factor into the increasing cost of housing. You can't continually add more and more people to certain areas without increasing the supply of housing.
I highly doubt these immigrants could afford to rent a place you would be willing to rent
@@reesercliff
These illegal immigrants aren't paying the rents, it's us tax payers that are paying for it. We're also paying for their foods, school for their children, and their health care.
That's why America is steadily going downhill.
They rip you off to the point where a honest full-time job can not pay for your rent and all that Ramsey show has to offer is "move in with a roommate". Seriously? Not asking why you are getting less goods and services for for the same amount of work, but keeping your mouth shut and searching ways to live having less...
Out of touch yet again, it isn't just the major cities that have high rent, it's the suburbs too, that's the WHOLE PROBLEM.
The rent will always go up
4:30 longer drive is wear & tear on your vehicle.
My mortgage is low but property taxes and utilities are off the charts.
Rent definitely is too high. My god sister's rent went up by $400 more a month. From $900 to $1,300.
Astoria is just as expensive as down town manhattan
Despite the absolute ease of travel in the current day, movement is actually lower than any time in US history. That means most young people settle down at or very close to where they were raised. That is contributing to this issue and while not all, most facing unsustainable rent prices can move. Now many will make up excuses as to why they "can't" to hide the truth that they just do not want to, but movement away from high rent areas is the best solution to this problem.
The problem is, many of the decent-paying jobs (non-min wage or close to) are in those expensive Areas.
Imagine if Renters across the country unionized and collectively just said Nope. Curious how fast rent prices would turn around when they weren't competing with each other.
Imagine all the landlords do the same and raise rent 50% across the board?
@@jml9550 they are already doing that
@@reesercliff then why the renters are not doing it?
IMAGINE if people continued to pay their rent for the two years they were not obligated too, then landlords wouldn't have to make up for lost revenue that pays for the repairs and maintenance of the rental unit!
Imagine thinking unions are a good thing. Please just don't speak. Ever again...
In Louisiana rent has gone up due to the price of home insurance. We can blame hurricanes for that.
I am fortunate because I live in a rent controlled apartment and my new lease only has an $80 increase. I also have hardly any debt, car paid for up front. But, still, no more ordering in or restaurants. Why? Because I don’t know what next year will bring - or take. I’m in probate so, even if I receive a house, there’s lots of repairs.
I’ll say this, too. I see the possibilities of things getting so bad, that my boss may want to move in with me and another friend I know, too, if I get that house. That’s how weird things can get and that isn’t just for whatever escalating costs there may be for me. But, because even my boss has remote family expenses, that have kept her from saving enough money.
😢
If i could rent for 30% my income I would be thrilled XD
Yeah I never rented for 1/3 of mine even in the past....
These guys have their heads in the sand.
Blame your corrupt politicians who stole landlords properties for two years and let tenants live for free.
Blame idiot renters who destroy everything
@@amireallythatgrumpy6508 They didn't have to pay rent for two years.
@@jeanlenor1858 I'm talking about property damage.
I have been listening to you guys for about two to three months. After the first month (December 2023), I knew had to sacrifice my 3/2 luxury apartment and transferred my family to a 1/1 apartment for the remainder of our 15-month lease in the same complex. The move will save us $700 monthly to start working on the Baby Steps and in Jesus' name get us out of debt by the end of the year. February 2024 is our first month in the new apartment, super cramped but I guess that will keep us intentional in all of our financial decisions moving forward.
Wait a minute you're telling me That work for Ramsey can't find suitable rent? Dave cant help them out?
They can help but people who are stubborn and broke dosent want any help
Not what he said at all...
Deliver pizza
@@timothygibney159 And that's a realistic option. Right.
It’s even high af in rural areas so don’t even start that
Just fine where I live.
@@blackworldtraveler3711 what city
@@Jay-om8gr
Google is your friend.
@@blackworldtraveler3711 you never specified guy
You can thank local governments for not approving new contstruction throughout the decades. Supply has not kept up with demand. Now for the typical home in a metro area you need to have a 6 figure income to be approved for a mortgage. You need a minimum of 70k income to rent a one bedroom apartment. There's something wrong with that.
My rent is about 33% of my take home, and I live with a roommate in the cheapest 2 bedroom in our city. I think I found a steal. It’s hard out here for sure
We have construction workers and nurses living in vans and campers in my city lmao. And you can tell them to move somewhere cheaper but we need nurses and construction workers so we can't just ship them all off somewhere cheaper.
I own. Couldn't imagine renting right now. I still don't know why rent is raising so much by landlords. Nothing changes for a home owner. Besides food and utilities. Why are landlords. Charging so much. Just don't include utilities 🤷♀️
My house is paid for and I still pay over $900 in taxes and insurance. This doesn't include maintenance and utilities.
My taxes just went up $2000 this year.
Buy a house or buy land and build a hut. If you leave yourself subject to landlords you will always be unhappy and broke. That’s just a fact. But buying a house is just about unaffordable now as well. Glad I bought mine and it’s paid off.
Yep. Nothing wrong with buying a small lot and parking a cheap camper on it.
@@MyLifeThai371 that’s about the only solution nowadays
Exactly!
If I can't afford to buy a house, I'd save enough to buy a cheap plot of land and park my vehicle there, or build a hut or a shed. Continue to live like that until I can save enough money to build my own house.
That's what I would do if I was poor.
Exactly gunnin wizard! Buy a cheap plot of land 1-2 hours outside the city and put up a trailer, tiny home, shipping container, etc. Extremely low property taxes with no high rents or mortgages
@@terriesmith2616 That's what one of the disabled Vietnam veterans in my area did. He inherited a small lot from his parents and put up an outhouse and built a little shed out of plywood to live in.
This is one good reason why folks are living in RVs or in vehicles.. Lots of RVers in Silicone Valley, work in the tech industry & can’t afford to save money for a down payment on a house, even though they make $100K, or $300K income. Rents are extremely high in Silicone Valley - no way to save money for a house while renting.. Non-Rich people are doing the same thing (living in RVs or Vehicles), so they can save & buy a home w/a good down payment, or have enough money to move into an apartment (within their means)..Roommates are Not forever..Can only depend & trust in yourself.
Tennessee is a horrible state to live in, although there are no state taxes, local taxes are almost 10% and practically everything is taxed and everything is trash, the place is practically falling apart (Nashville) In my home state of Florida most everyday needed goods are either reduced tax or not taxed at all, and infrastructure is maintained, local taxes are around 7-8% and we got a governor that cares
Tampa Florida finding something under $1300 is almost impossible. Doesn't match the wages in the area at all.
I’m in Tampa, renting for $700. I dislike spending that much, it’s the most I’ve ever paid for rent.
@@rainacherienne1010
Are you renting from family/relatives? Because $700 a month is pretty cheap for Tampa Florida.
@@terriesmith2616 Nope, I’m renting from a guy who is in love with me and bothers me all the time so that’s the price I pay. It’s also very unsafe street. I’m searching to move asap but it’s crazy expensive everywhere around so I just suffer through. I cannot pay those $1,500 plus utilities prices.
@@rainacherienne1010
I'm sorry to hear that. Hopefully you can improve your situation and be able to move out in the future.
@@terriesmith2616 Thank you! I’m looking to buy so any day now.
It's a bigger issue but what also can't be understated is the effect that the Coof measures had on rent prices. If you establish that the government can effectively seize your property and say "Hey, they don't have to pay you", you as a landlord would be entirely rational and justified in raising prices to hedge against such a new and unprecedented risk that has been established.
Also ramsey doesn't post any negative comments. They just hide them.
They let this one go through but not my other
Rent being high is not about inflation. Is not about increased cost of maintenance. It is about greed. Like everything else in capitalism. I hope everyone has a bit of empathy for others..
I have empathy for others who invest,save,using money to make money,etc...
I’m a landlord and shareholder.
Have quite a bit of stocks and ETFs with growth and dividend income.
@@blackworldtraveler3711 A convenient way of avoiding responsibility. Thinking that the 'one-sided always push the blame onto the individual' absolves you when you behave greedily at other people's expense. And yes, I used to be a landlord.
@@briannerk3373
In 2008 I paid cash for two small rentals in my zip code and cash for a rental apartment in Rome Italy in 2001 with balcony view of St. Peter's Dome.
Considering over 300% appreciation and pure profit. No reason to be greedy.
Can't complain.
These guys won't tell you the root cause which is the underlying greed. Instead, they will ask you to compromise. This is pure evil
Be nice to your kids and they can be your roommates one day paying bills
Start thinking about rural areas. 🤷🏾♂️ and doing remote jobs that are sustainable.
Don’t have to have a spouse to have dual income.
I’m single and have multiple streams of income. No, not roommates which is a horrible idea btw.
It’s too late now but stop having kids. More people equals more problems. The exact problems in society RIGHT NOW.
I use to have room mates so I could get ahead. Now I have room mates just to survive!
I don't think that their Team has much else to say to people that will make a difference or an impact.
Things are bad and will only get worse. Try not to burden your load with unneccesary debts and purchases.
I have tobstay in my apartment that is actively falling apart. Because I can't make the minimum income qualification within 80 miles of work for an apartment.
Every young person wants to own rentals and get the tenants to pay the mortgage. Or they all want to do ABNB! Buy up available properties which sit empty for 75% of the time, causing the available housing to increase in price. But that's capitalism.