And i am SO HAPPY they raised minimum wage only to double my rent, make me pay health insurance, charge me a gas tax, and then raise the cost of foods. Its crazy how much rent went up
+First Amendment Dumb answer! "Gee, why don't ya just pack up and move?" Wow! I never thought of that! Move where, idiot?! You can't escape this trend. Gas prices, grocery prices, higher rent, insurance rates, this is happening everywhere. People are being priced out. So you suggest just move somewhere far from your family to a place you know nothing about just because it's less expensive? So, like, maybe some shit town in the middle of West Virginia would have appeal just because the housing is cheap? The only way out of it is to move to another country or take your chances with the afterlife. Or, buy a tent. Living in tents is on the rise. Or maybe you can crash out in your storage unit, get a membership at Planet Fitness and shower there. There certainly has to be another way because we need to be able to keep our hard earned money. Moving is very expensive and giving up our job and trying to find another is wreckless. But Americans are stupid and don't boycott anything and buy what they are sold and pay the asking prices. They are easily subdued so this trend will continue.
I live in Texas, bought a condo back in the 80's in an excellent neighborhood surrounded by expensive beautiful homes. Paid the 30 year loan early. I receive calls & letters from investors wanting to buy my condo, even offering to pay cash for it. However, I'm in my 60's now, & don't make the big buck like I did when I was younger. I'm actually making a poverty salary right now, so starting over to pay someone else rent is out of the question??😧. When you don't have rent or a mortgage your other bills are easier to manage without the unnecessary stress.
But not tax free. Austin and Texas has some of the highest property taxes in the country. The taxes every year are practically what a mortgage used to be.
Down with the system. Create a new one. How greedy a nation, profiting off maybe the second most basic necessity of life!? I just read a comment, someone said if you keep having kids, what do you expect? He is right. I have one. Dont want any more. But look at the size of these houses they keep building. Give a f****** box to live in and leave me alone. I seriously hate where this world is heading to.
This is happening and spreading all over the country, and will soon become a major crisis. If you think it will never happen to you then just give it a little time.
@Captain Teemo Awe are you still living with your mommy and daddy? Is that basement comfy for you while you live off your parents? Here's a bit of advice... Don't let your mind wander, it's far too little to be on its own..
There was a huge fire where I live. 1000's of people lost their homes. As soon as they could landlords raised their rents...supply went down demand went up... I get that, but I have been renting the same place for 20 years. As soon as he could, my land lord raised my rent $300 a month.
Yeah, right. Realtors always say that about rent control. Well look. We have a MAJOR problem. The only way I could get out of it was to buy. And I could only afford to buy a place one step above an apartment. It's not right for so many renters to be completely screwed.
I was thrown over here to Phoenix after the Northridge quake. Am now on disability and the yuppies have raised the rent this year. So I am having to choose between health or survival and try an sale most of my belongings. Since the actor became President, homeliness has increased 60 percent. It is wrong. 90 percent of my disability check goes to the rent. Don't know how those yuppies can sleep at night
D Lish 20 minutes away from Nashville TN. It's starting to go up price since its growing, I left 3 years ago and am paying just under $700 for a 2 story condo. I'm looking for a house with a few acres just a few miles away from where I live. Found several 1800 Sq ft homes on some land at around 200k+ in the country.
Same...we left after the 1999 earthquake and we left 2 days later...all we took were our clothes in luggages because we had lost all our belongings in the earthquake...we been living in Mesa, AZ since then.....my dad once said ""we dodge a bullet"" ...my aunt finally moved out of CA and came to live here 2years ago because her rent in CA went up to $4K
@Jordan K and in Texas depending on what city, you will pay the same. So where do you move then. The problem is this, there are only a few places where jobs can be found in great numbers people move there and thus rent rates rise. If you cheap rent, your best bet is to move to states like Nebraska, South Dakota, North Dakota and Idaho, but then there is another problem the job market.
2:45 Ok, we have fallen behind on housing production, but WHY? Look at countries where they don't have that problem and look at the laws and type of housing they have there. Look at Tokyo in Japan for example. Look how efficient they are with small apartments and how easy it is to build their if you own the land. They have a lot more freedom to build on land.
i think another issue was the mortgage crisis resulting in a ton of owners entering the rental market after losing their homes. the higher demand shot prices up
I think it's actually amazing how many people just didn't see this becoming a reality.... If over the course of a 50 year period, people continue to have kids , all over the world, and people continue moving to larger cities, what did people THINK would happen. Most people end up having 2+ kids, in some cases I've seen women have 5 or more. When these people get older they also need places to live. If you want to cut down all forests and wild life to build more, sure, that's possible, but then you end up with a gray dead city. I'm not sure how so many people can be shocked that demand has gone up in major cities as the worlds population continues to rise. Just a bit of foresight, this will only continue and prices will continue to go up because people will keep having kids and land will become scarce, just in case you were unaware.
No, not entirely true. The problem is we haven't built enough housing and that is mostly the fault of of the 2008 bubble. The government needs to get on the ball about making it easier for housing to be built. The population will always grow but we have to be smart about how we deal with that growth (more urban and less sprawl). We need to go up instead of out and we need to build smaller homes and less 3 car garage homes. The size of the homes is also making housing unaffordable. $200 a square foot when building a 3500 square foot home is a $700,000 home. $200 a square foot on a 1000 square foot home is $200,000 and that is affordable.
The Modern Investor Hey I want a family... Why do I have to stop having a family. I'm pregnant with my first child and the bf is staying and we are getting married. His family have a nice house and had 5 kids and still can afford a nice house, have a good job etc. I'm in school trying to be a nurse anesthetist and right now trying to be a nurse and he going to the military and trying to be in law. Anyways military have free housing for families, free schooling and healthcare.
John Lee Bass Haha right? Or fighting longest "War". In our countries history? My schools been paid for due to fighting in it. I feel for those, whom literally are dead with loans and such. But to claim "Why didnt you see it?" Lmao... cmon son
Even if you have a house, you never own it !!! Don't believe me ?????? Don't have money to pay your taxes on it! POOF , you are gone ! I have seen people , especially the elderly lose their homes although the house they been living in for decade's couldn't pay the taxes ! So sad !!!!! 😢😔 It is a very sad and greedy world we live in now days !! And it's only going to get worse !! I pray for everyone who is going through tough housing trials!
More people need to sell their house or leave their apartment and move into a van or R.V just to make life easier, if we all live in vehicles we can take our freedom back!... the only way rent can keep going up is if we keep paying for it
Where is everyone super to live until it "levels"out? I make ok money and I can't even find a 1br I can afford.., not everyone who can't afford the rents gets housing, even if you qualified, it's a 8-10yrs wait list, so where is everyone suppose to live?
@@jakejones5736 How is that possible? I live in a rent stabilized apt. for many years and if I had to pay "market" rents I would be homeless and I have a decent job and a college degree but my salary isn't enough to afford $2500 a month rent or more, which is the market rent for rentals in my area. Most who live in rent stabilized apts are there because they cannot afford market rents. Many of my neighbors are in the same boat. They work full time and are not lazy or unemployed, however, some jobs just don't pay as much as others. I'm a real estate paralegal and I make about $60K a year. That is actually more than some paralegals make in larger law firms. My b/f makes around $25k a year (he works part time due to health reasons and is too young to collect SS and doesn't qualify for disability) but even $85k a year isn't much in NY. We are trying to save money so when we retire we can leave NY for a cheaper State. Between food, transportation, cell phones, utilities, credit card debt, and rent, we don't have much left over and we try and save whatever we can. We sacrifice alot to save money. My rent is $1,600 a month. If I had to pay more, I would not be able to save a dime, plus when we retire, our SS wont' be enough to cover everything. I've already done the math based on what we will most likely get from SS if we wait to retire until 65 or 66 years of age.
It isn't any better north of Sacramento. The house we were renting went into foreclosure and sold at public auction.The new owner just wanted to "flip" the house for profit. I lost track of the number of applications we submitted (with non-refundable fees) just to be told that there were at least 20 before us. We got the keys to our current home 24 hrs before we would have been evicted from the other place. There just aren't enough affordable rentals for people that are in that twilight zone between earning too much to qualify for any kind of assistance, but just enough to survive. Add to that the fact that my mother and sister are both disabled, and it makes finding reasonable accomodations next to impossible.
Seniors are already protected in so many ways. There's so much below market rate senior housing in my area. I'm sure it's not enough to handle the need, but it's way more than other classes of people are getting.
Say NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED.. whos with me.. man.. 😲😲😲😲😲😲😲
I will have to move to a cheaper country, and I am paying 80% of my retirement income, and wth the 20%, I pay utilities, rental insurance, food, small savings, and help to non beggars. I am 76, and I will teach conversational English online, as my rent and utilities increase. I pay AT&T for wifi and basic land line only.
Investors from other countries are purchasing properties to rent to citizens. Speculative investers are purchasing properties to rent. Real estate professionals are snapping up the better priced units before the public can view the listing- too either capitalize on the investment, or rent out. Home ownership is castrated by laws propagating for the industry number of homes sold, while not evaluating for first time owner.
Yeah, but in OK the landlord can have the tenant out in 30 days. In CA, it can take up to 6 mos to get the tenant out. In the meantime, the tenant gets to live for FREE! That's why they don't want to move outta CA.
I live in NJ same thing 1675.00 for a500Sq ft.. On the other hand my landlord told me his property taxes went up by 40000.00 on a 50 unit complex. His water bill went up by 1500.00. And had to pay 126000 for a new heating system..I inderstood paid and realized its still lower than if I moved around here..
This is why I want a moratorium on ALL immigration. Our country is getting too crowded. These mega cities are continually expanding and there is not enough time to plan.
What about property tax control, home insurance control. Plumber repair control,. Water sewer and garbage fee control. Those expenses go up every year for landlords
Here's the kicker. They always say we're buliding afforable housing and the rent starts out at $1,000 or more and your income has to be 2x or 3x the rent to move in. This was in 2016 I can image what the rent is today in 2024.
I remember back in 1971 an organization called "ZPG" Zero Population Growth came to my college (B.U.) to give a talk and I think only 5 people showed up from the entire campus! Basically, everything they said & warned about, almost 50 years ago now has come true. Also, (and I'm absolutely NOT a GOPer, never will be) but our country simply cannot take on 20 million illegals. Perhaps it's more. Our physical and economic INFRASTRUCTURE simply cannot handle it all. If the population grows but you can't grow more land to accomodate that growth, what you're left with is the US's job & cultural centers become unaffordable to middle income wage earners. My net worth is seven figures but in Manhattan where I hope to retire, I'm not even sure that would allow me to rent a studio! Yes, you can find more afordable housing if you're willing to go further away from your job, or where most of the high paying jobs are located, but the trade off then becomes insane amounts of commuting time. Do you really want to spend 60-90 mins commuting 1 way daily? 2 hours a day simply to get to your job? Do you really want to spend several of the best years of your life waking up before sunrise and returning home after dark completely exhausted? That's what it's increasingly become. Not only that, but in my bedroom community of Westchester County, NY - there's absolutely not a single thing to do on weekends, unless you want to commute back into NYC again. The joke here has always been that they roll up the sidewalks after 5pm. It might as well be true. Yes, the 'burbs are great IF you want (and can afford) a private home with a porch, front and back yard to raise a family & have your kids attend the best private schools, but just know that for anyone who doesn't have kids, these vacuous suburbs are the inspiration for "The Stepford Wives" way of life. Do you really want to spend every single afternoon chauffering your kids from one after school play date to another? Yech! It's all really simple economics. Nothing terribly difficult. Yes, there's lots of places to live where the rent is cheap in the USA. In Wyoming you can rent a palace for what a closet will cost you in Manhattan or Frisco. But you better be ready to spend all your free time in front of the boob Tube because there are (no joke) more Cattle Than People in Wyoming! An old friend's father moved his family out to Backwater, Indiana several years back & it was so dead & desolate, they ended up moving back to just outside Boston. Mind friend said that there are parts of the mid-west where he could drive for 1 hour and not see another car. And if you didn't like Nascar racing, you were totally out of luck! Put a male & female rat in a cage & a few months later, you now have 6 rats. A year later that could double or triple. Eventually they will start attacking and then killing each other, and eventually, it'll go back down to just one or two rats. That's what's happened to places like once thriving Detroit. It's killing LA & more Angelenos are now moving to Texas. In my own County, several years ago there was a fire in a private home. By the time the fire dept & police arrived, they determined that the home, which was leased to 1 couple, & zoned for a single family, had illegally housed 17 illegals! (most of whom split permanantly before authorities arrived). The landlord knew what the situation was, but all the illegals pooled their wages and were about to pay a higher than listed price for the rent. That's just one of many cases in my home town, which has now become a sanctuary city. The "starter" apts in my town which used to house new college grads, have all now become over-priced co-ops & condos, permanantly out of reach for all but perhaps the top 10% of wage earners out of college, or couples who're retirement age & have saved up enough. So what's the answer? We really need MORE, NOT LESS goverment intervention to prevent landlords fro rent gouging. I spent a decade watching corrupt landlords and politicians, as well as the local news media, all collude to keep increasing yearly rents with no caps, no watchdogs, essentially, no conscience or concern for others, just their own pocket books (btw, all the while pleasing poverty!). Concluding, the ONLY way we're ever going to knock all our societal problems - Healthcare, Housing, Education, Transportation, Infrastructure & on & on down to size, is to knock our insane population growth down to size. We absolutely HAVE to limit immigration to a Meritocracy. We allow in only those Skilled people who speak English & whom will be an asset to our country. I.e, Doctors, Englineers, Scientists, etc. We don't need any more gardners and construction workers and taxi drivers. Sorry if I sound like a Republican, but hey, even a broken clock is right at least twice in 24 hours. Illegal Mexicans need to correct their own problems & they have to stop have large familes they can't support. Perhaps the time is long overdue to order incentives for couples of child bearing age NOT to have more than 1 child, 2 max. You only have to do the Math to see that anything else is simply a recipe for long term disaster. Control our population growth (Hear that Mr. Pope & Catholic Church!?) or it will control us, and disaster will be the consequence of our lack of forward and long term thinking. But those are SOME of the reasons the Rent IS Too High.
I see stories of rent being to high, buying a home is out of reach for most people, jobs not paying enough and the list goes on and on, the one thing i have noticed in all these stories no matter which state red or blue, the one thing these stories have in common is this. Urban and suburban sprawl, and the fact that cities are giving huge tax breaks to companies just to relocate or build in their cities, then after a few years the business shuts down leaving unused land, and buildings leaving community blight. So here is my solution and some one please correct me if i am wrong. If a city can take land or a home from its residents under the guise of eminent domain, and give it to a corporation, then why cant the city take urban blighted land from the owner of the land and give it to some one who wants to build more affordable and community friendly homes for purchase and for renters. They have already given the company a tax break, taking money from the community so wouldn't it make sense if the city recouped the tax money from those who want to buy or rent in a particular area?
7 years later people are going through the same struggles. Not sure how we have an issue with jobs and housing when hiring more people to build more houses could really help with that. Until the inventory for house materials are depleted across 70% of the stores, this seems like a relatively easy to solve issue.
Just my opinion people should move out of state where it is cheaper to live I am from California I had to move out of state because the rent was so high for me
what rent control will do is incentivize property owners to seek what's better than renting properties. so you'll see a lot fewer properties being offered for rent, and more properties being used as airbnb homes for travelers to rent short-term.
Build more houses! No, that will not fix it! They will raise that too!Greed! Brown cotinues to support his sanctuary cities!Some of that money should have been used to build affordable housing for ALL the citizens of the state. Not everyone can afford to live in a house either.If there were no sanctuary cities ,crime would go down. A lot more is involved ib this problem. It atarts at the top!
Building more is exactly what needs to be done. They just need to build smaller units to make them affordable. At $200 a square foot you will find that a house that is 1000 square feet is quite affordable compared to one that is 3500 square feet at the same cost.
Bruce Villa wrong the cheapest I builder would sell a new home 1,000 sq ft would be 300,000. You have permit, architure, engineering, labor, material, real estate agents, taxes then the profit .
@@brucevilla7490 Bruce, building more is only a band-aid. The problem is that there are too many people in the state. CA would be better off in the long run if its population actually decreased somewhat.
@@crucisnh The population will always grow and there is nothing we can do about that. However, we can change the way we live by rearranging our cities to be more transit friendly, with an emphasis on multi family housing vs single family housing. If you took one square block of SF housing away and constructed a condo tower just think about how many more families you could house on just that one block.
It is sad we are trying to buy a home since rent is so high and yet homes are going for $500,000 wtf is going on and yet they wonder why we have so many homeless ...... We middle class are getting fucked ( pardon my language) it's insane making $52,000 a year payed $17,000 in taxes and that's with a dependent just because I get a bonus at work the govt takes 50% this is bullshit when you make to much your screwed and it's not low enough to get discounts on health insurance where stuck in the middle
Vote "Maxine Waters" to stay in Congress!!! Your community statistics reflect All the Great things she does for you..LIKE SHE SAID "STOP COMPLAINING" or I will raise your taxes again.. We need to support our gang members and homeless.. YOU SHOULD OPEN YOUR HOMES TO THE LESS FORTUNATE,IF YOU HAVE 3 BEDROOMS; YOU HAVE TO MUCH,GIVE A ROOM TO A GANG MEMBER OR HOMELESS, OR ELSE WE WILL TAX YOU EVEN MORE...
If there is no capital available to get a lone to build high density apartments or buy land to do so and regulations make buying and building very difficult then the cost of land and/or housing rent is going to be artificially inflated many fold. Also, if tax insentives are established to encourage people to speculate on housing purchases rather than view housing as a cost then buyers of houses will desire housing costs to go up instead of down. All of these things occur in the USA so it should not be surprising that housing costs are much higher than they should be. Also, many people have an irrational aversion to living in small apartments so they are not built. 21 to 30 square meters is all a person needs and this is what a single person uses in Countries like Japan or Korea or even less. A person in Tokyo can also rent a nicer whole house for less than a studio efficiency in the USA. Search for the UA-cam video "What a $1600 House Looks Like in Tokyo!" for example. Japanese does not have the level of regulations when it comes to building so it is much easier. Financing laws may also be different. Putting regulations on the economy as controlled by the state is called Fascism in contrast to outright ownership of the property by the state which is called socialism/communism. Fascism drives up costs, but is very popular even by the very people who complain about the results. The population is not rational or rights respecting and thus suffers at their own hands.
Why? So Sacramento residents can take on gentrifying other states after they've been run out of their neighborhoods? You do realize teens, young adults, and seniors are also being heavily affected by these price hikes and are the same ones who cannot easily move away just because, right?
if people are not able to afford to pay rent, ,,then how do landlords make their money, , ,why haven't landlords complained how it's impacting them , ,you would think they would lower rent so they can have renters ,,somethings not right 😒
I'm 50, I got sick of working 3 jobs and 100 hr work weeks in Victoria, BC just to barely pay the extortionate rent and survive.Moved to the country-no jobs, so ultimately I moved to China.Not suicidal about the rent anymore-it's included in my contract.N. America has 3 world incomes and 1st world rents-the worst of both worlds.
I work 7 hrs /wk now and 2 bdr apt included in contract about twice the size of what I've been used to all my life.Only thing that scares me about Thailand is the heat-hot enough here near Hangzhou.
I say it again rent is coming after your car payment and your savings account and your 401k your food money your vacation money so they can keep you renting for life
Realtors are to blame. They need to have a degrees with ethics laws. They should not be able to sell homes to investors instead of homebuyers and should not be able to set rents or home values.
they can't double the rent that is illegal I thot by law they have to make it to were you you might be able to pay the rent before trying to change tenants
What they could do while they're sitting there with their $10 Starbucks and their air conditioning utility bill blasting on high and their online shopping packages is make rent a priority and appreciate having a place to store all the crap they buy
And i am SO HAPPY they raised minimum wage only to double my rent, make me pay health insurance, charge me a gas tax, and then raise the cost of foods.
Its crazy how much rent went up
Ca sucks shit
+First Amendment Dumb answer! "Gee, why don't ya just pack up and move?" Wow! I never thought of that! Move where, idiot?! You can't escape this trend. Gas prices, grocery prices, higher rent, insurance rates, this is happening everywhere. People are being priced out. So you suggest just move somewhere far from your family to a place you know nothing about just because it's less expensive? So, like, maybe some shit town in the middle of West Virginia would have appeal just because the housing is cheap? The only way out of it is to move to another country or take your chances with the afterlife. Or, buy a tent. Living in tents is on the rise. Or maybe you can crash out in your storage unit, get a membership at Planet Fitness and shower there. There certainly has to be another way because we need to be able to keep our hard earned money. Moving is very expensive and giving up our job and trying to find another is wreckless. But Americans are stupid and don't boycott anything and buy what they are sold and pay the asking prices. They are easily subdued so this trend will continue.
There is one way out of it. Give the people the issuing power to print the money. Abolish the Federal Reserve and reform the banks.
Yeah but it still hasn't matched the 2019 cost of living.think!
Idiot.
I live in Texas, bought a condo back in the 80's in an excellent neighborhood surrounded by expensive beautiful homes. Paid the 30 year loan early. I receive calls & letters from investors wanting to buy my condo, even offering to pay cash for it. However, I'm in my 60's now, & don't make the big buck like I did when I was younger. I'm actually making a poverty salary right now, so starting over to pay someone else rent is out of the question??😧. When you don't have rent or a mortgage your other bills are easier to manage without the unnecessary stress.
Timelessmusic Familymusic I wanna be like you... Rent and mortgage free
Timelessmusic Familymusic absolutely agree, Blessings.
But not tax free. Austin and Texas has some of the highest property taxes in the country. The taxes every year are practically what a mortgage used to be.
ya this 30% is crap.. most everyone I know spend more than 1/2 their income on rent.
the media guys sometimes under report the real numbers. Many people are paying 60-80 percent on rent.
I'm right at 50% in Arizona. My income is only disability.
@terminalcommand I hope you are doing ok 2 months later.
Denise you single?
@@wisdomandlove1661 Then they should not have qualified for the rent and they should be homeless.
Don't give up your car lady its gonna be your next apartment! 😭😨
True that u need your car. U don’t want to go to a Shelter with your kids. U can work for Uber to get by
Down with the system. Create a new one. How greedy a nation, profiting off maybe the second most basic necessity of life!?
I just read a comment, someone said if you keep having kids, what do you expect? He is right.
I have one. Dont want any more.
But look at the size of these houses they keep building. Give a f****** box to live in and leave me alone.
I seriously hate where this world is heading to.
jared kushner made 83 million in one year in rent.....all the money goes to greedy landlords
This is one reason why I'll never move to California
Same here Nicholas Thompson
Just wait for this problem to infect your town next!
@Captain Teemo Apparently so are the renters in the story.
This is happening and spreading all over the country, and will soon become a major crisis. If you think it will never happen to you then just give it a little time.
@Captain Teemo Awe are you still living with your mommy and daddy? Is that basement comfy for you while you live off your parents? Here's a bit of advice... Don't let your mind wander, it's far too little to be on its own..
Landlords are the greediest people alive.
mrumsower I disagree. It’s supply and demand.
There was a huge fire where I live. 1000's of people lost their homes. As soon as they could landlords raised their rents...supply went down demand went up... I get that, but I have been renting the same place for 20 years. As soon as he could, my land lord raised my rent $300 a month.
@@mrumsower buy your own place and stop paying rent. Easy fix.
Agree. They should charge no more than 1/3 of what their mortgage is. One of the reasons many people are in poverty
@@teebone2157 it's the economy stupid! it is called capitalism.
Greed is destroying this country.
When the landlord runs out of renters...they'll suffer too...and the sooner the better!
@Army of Gog Then who is it? The landlords who own the properties have a say in how much the rent's will be and they aim ridiculously high.
It's the property taxes that are increasing.
Yeah, right. Realtors always say that about rent control. Well look. We have a MAJOR problem. The only way I could get out of it was to buy. And I could only afford to buy a place one step above an apartment. It's not right for so many renters to be completely screwed.
The rent is ridiculous and it keeps rising here in Sacramento!!!!
Democratic stimulus will buy a nice tent .
I was thrown over here to Phoenix after the Northridge quake. Am now on disability and the yuppies have raised the rent this year. So I am having to choose between health or survival and try an sale most of my belongings. Since the actor became President, homeliness has increased 60 percent. It is wrong. 90 percent of my disability check goes to the rent. Don't know how those yuppies can sleep at night
People are spending more than 30% of their income on rent? I live in Sacramento and spend almost 60%.
D Lish i fell u
That's why you should leave CA. I was paying 18% annual income on rent... but as if yesterday i will be paying 7.1% of annual income in rent.
Bender B Rodriguez Where do you live though?
D Lish 20 minutes away from Nashville TN. It's starting to go up price since its growing, I left 3 years ago and am paying just under $700 for a 2 story condo. I'm looking for a house with a few acres just a few miles away from where I live. Found several 1800 Sq ft homes on some land at around 200k+ in the country.
Bender B Rodriguez
People in California call where you live a third world country.
So let them stay there.
I am homeless because of the rent went so high.
We saw the rents spiking in California in 92, and my family and I hit the road. We wound up in Arizona.
@terminalcommand Not for me it isn't. Used to be.
Same...we left after the 1999 earthquake and we left 2 days later...all we took were our clothes in luggages because we had lost all our belongings in the earthquake...we been living in Mesa, AZ since then.....my dad once said ""we dodge a bullet"" ...my aunt finally moved out of CA and came to live here 2years ago because her rent in CA went up to $4K
@@xiqikxx8967 Those rents make a jet's nose bleed!
I pay 1600 for 700 sq feet. that's the cheapest in my area...
Think its time to move to Texas!
@Jordan K and in Texas depending on what city, you will pay the same. So where do you move then. The problem is this, there are only a few places where jobs can be found in great numbers people move there and thus rent rates rise. If you cheap rent, your best bet is to move to states like Nebraska, South Dakota, North Dakota and Idaho, but then there is another problem the job market.
Jordan K...That's a shame.
Look at him using that drone. Lmfao like a kid with his new toy!
A couple of temporary solutions are:
- RV Living
- Mobile-Trailer homes
- Tent homes attached to your vehicle
Nick D i’m thinking of doing that until I stack lots of money for a house
Wow these times you can live alone no more we have to share a home
2:45 Ok, we have fallen behind on housing production, but WHY? Look at countries where they don't have that problem and look at the laws and type of housing they have there. Look at Tokyo in Japan for example. Look how efficient they are with small apartments and how easy it is to build their if you own the land. They have a lot more freedom to build on land.
Devil possess the landlords to be greedy and people suffer because of it. Turn to jesus Chris!
Every time I see videos that are years old I say "Just you wait"
you never want to listen to a man who doesnt live in Sacramento he is a man who builds houses for money but yet doesn't stay here his self
Interesting they have 1400 empty apartments in Portland Maine but the prices are so high nobody lives in them ?
i think another issue was the mortgage crisis resulting in a ton of owners entering the rental market after losing their homes. the higher demand shot prices up
Why.. so MUCH why...
At 1:55 why "temporary relief"? Lol. We need a permanent solution
I live in Texas where rent is supposed to be cheap, and rent takes a little over 50% of my income and I live in a efficiency apartment!
I think it's actually amazing how many people just didn't see this becoming a reality.... If over the course of a 50 year period, people continue to have kids , all over the world, and people continue moving to larger cities, what did people THINK would happen. Most people end up having 2+ kids, in some cases I've seen women have 5 or more. When these people get older they also need places to live. If you want to cut down all forests and wild life to build more, sure, that's possible, but then you end up with a gray dead city. I'm not sure how so many people can be shocked that demand has gone up in major cities as the worlds population continues to rise. Just a bit of foresight, this will only continue and prices will continue to go up because people will keep having kids and land will become scarce, just in case you were unaware.
No, not entirely true. The problem is we haven't built enough housing and that is mostly the fault of of the 2008 bubble. The government needs to get on the ball about making it easier for housing to be built. The population will always grow but we have to be smart about how we deal with that growth (more urban and less sprawl). We need to go up instead of out and we need to build smaller homes and less 3 car garage homes. The size of the homes is also making housing unaffordable. $200 a square foot when building a 3500 square foot home is a $700,000 home. $200 a square foot on a 1000 square foot home is $200,000 and that is affordable.
The Modern Investor Hey I want a family... Why do I have to stop having a family. I'm pregnant with my first child and the bf is staying and we are getting married. His family have a nice house and had 5 kids and still can afford a nice house, have a good job etc. I'm in school trying to be a nurse anesthetist and right now trying to be a nurse and he going to the military and trying to be in law. Anyways military have free housing for families, free schooling and healthcare.
Modern Investor: REALLY? Like WE saw the oil crash, mortgage crisis, 9/11....... ????
John Lee Bass Haha right? Or fighting longest "War". In our countries history? My schools been paid for due to fighting in it. I feel for those, whom literally are dead with loans and such. But to claim "Why didnt you see it?" Lmao... cmon son
MrHoppers002 the problem is that THAT problem has been persistent for decades in this state. And rising rent is only exacerbating the situation.
It is nothing but pure Capitalism.
Even if you have a house, you never own it !!!
Don't believe me ??????
Don't have money to pay your taxes on it! POOF , you are gone !
I have seen people , especially the elderly lose their homes although the house they been living in for decade's couldn't pay the taxes !
So sad !!!!! 😢😔
It is a very sad and greedy world we live in now days !!
And it's only going to get worse !!
I pray for everyone who is going through tough housing trials!
There's a novel idea to end homelessness, just raise rents, it's just fucking genius!!
More people need to sell their house or leave their apartment and move into a van or R.V just to make life easier, if we all live in vehicles we can take our freedom back!... the only way rent can keep going up is if we keep paying for it
Finally some common sense. The price of a commodity is ALWAYS set by the consumer. That is the one WILLING to pay the highest price.
Where is everyone super to live until it "levels"out? I make ok money and I can't even find a 1br I can afford.., not everyone who can't afford the rents gets housing, even if you qualified, it's a 8-10yrs wait list, so where is everyone suppose to live?
Brooklyn in NYC is the same. Average rent for a 1 bedroom apt. is close to $3,000 a month. It's insanity.
Yup. And that is the result of "rent control".
@@jakejones5736 How is that possible? I live in a rent stabilized apt. for many years and if I had to pay "market" rents I would be homeless and I have a decent job and a college degree but my salary isn't enough to afford $2500 a month rent or more, which is the market rent for rentals in my area. Most who live in rent stabilized apts are there because they cannot afford market rents. Many of my neighbors are in the same boat. They work full time and are not lazy or unemployed, however, some jobs just don't pay as much as others. I'm a real estate paralegal and I make about $60K a year. That is actually more than some paralegals make in larger law firms. My b/f makes around $25k a year (he works part time due to health reasons and is too young to collect SS and doesn't qualify for disability) but even $85k a year isn't much in NY. We are trying to save money so when we retire we can leave NY for a cheaper State. Between food, transportation, cell phones, utilities, credit card debt, and rent, we don't have much left over and we try and save whatever we can. We sacrifice alot to save money. My rent is $1,600 a month. If I had to pay more, I would not be able to save a dime, plus when we retire, our SS wont' be enough to cover everything. I've already done the math based on what we will most likely get from SS if we wait to retire until 65 or 66 years of age.
I just said. Landlord's are rent gouging. There causing homelessness. Need bills passed. Fines for slum lords.
It isn't any better north of Sacramento. The house we were renting went into foreclosure and sold at public auction.The new owner just wanted to "flip" the house for profit. I lost track of the number of applications we submitted (with non-refundable fees) just to be told that there were at least 20 before us. We got the keys to our current home 24 hrs before we would have been evicted from the other place. There just aren't enough affordable rentals for people that are in that twilight zone between earning too much to qualify for any kind of assistance, but just enough to survive. Add to that the fact that my mother and sister are both disabled, and it makes finding reasonable accomodations next to impossible.
30% of my income? I'm retired, and I spend 2/3 of my monthly income on rent! Seniors should have a different price scale, and protected-class status.
Julie Purpleskater then let your state and federal lawmakers know about your viewpoint on the issue.
Seniors are already protected in so many ways. There's so much below market rate senior housing in my area. I'm sure it's not enough to handle the need, but it's way more than other classes of people are getting.
@@adinahwithkaden We have a 6 month to one year wait list for senior housing.
The wait list for non senior housing is 8 to 10 years...
Ay... I'm going homeless. Not even joking.
Nick DoubleN - Or consider these options:
- RV Living
- Mobile-Trailer homes
- Tent homes attached to your vehicle
Stay strong! You can do this.
You alright?
Say NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED NO MORE GREED.. whos with me.. man.. 😲😲😲😲😲😲😲
It makes no sense! If there a low supply it shouldn't hike prices up. You'd think Renters would be more interested in keeping the customers they have.
I wish I can get out of California I hate it so much and this is why
there's a lot of new investors they are raising our rent's crazy I can't afford I'm going to have to be homeless
I will have to move to a cheaper country, and I am paying 80% of my retirement income, and wth the 20%, I pay utilities, rental insurance, food, small savings, and help to non beggars. I am 76, and I will teach conversational English online, as my rent and utilities increase. I pay AT&T for wifi and basic land line only.
Investors from other countries are purchasing properties to rent to citizens. Speculative investers are purchasing properties to rent. Real estate professionals are snapping up the better priced units before the public can view the listing- too either capitalize on the investment, or rent out. Home ownership is castrated by laws propagating for the industry number of homes sold, while not evaluating for first time owner.
This happening everywhere red and blue states it’s called greed run wild 😜
Greed the deadly sin.
Move out of California. I am going to Texas or Oklahoma.
Yeah, but in OK the landlord can have the tenant out in 30 days. In CA, it can take up to 6 mos to get the tenant out. In the meantime, the tenant gets to live for FREE! That's why they don't want to move outta CA.
I live in NJ same thing 1675.00 for a500Sq ft.. On the other hand my landlord told me his property taxes went up by 40000.00 on a 50 unit complex. His water bill went up by 1500.00. And had to pay 126000 for a new heating system..I inderstood paid and realized its still lower than if I moved around here..
This is why I want a moratorium on ALL immigration. Our country is getting too crowded. These mega cities are continually expanding and there is not enough time to plan.
What about property tax control, home insurance control. Plumber repair control,. Water sewer and garbage fee control. Those expenses go up every year for landlords
Here we are 7 years later, and it has become the norm now. Nothing has been done about it
Here's the kicker. They always say we're buliding afforable housing and the rent starts out at $1,000 or more and your income has to be 2x or 3x the rent to move in. This was in 2016 I can image what the rent is today in 2024.
LANDLORDS = GREED!
I remember back in 1971 an organization called "ZPG" Zero Population Growth came to my college (B.U.) to give a talk and I think only 5 people showed up from the entire campus! Basically, everything they said & warned about, almost 50 years ago now has come true. Also, (and I'm absolutely NOT a GOPer, never will be) but our country simply cannot take on 20 million illegals. Perhaps it's more.
Our physical and economic INFRASTRUCTURE simply cannot handle it all. If the population grows but you can't grow more land to accomodate that growth, what you're left with is the US's job & cultural centers become unaffordable to middle income wage earners. My net worth is seven figures but in Manhattan where I hope to retire, I'm not even sure that would allow me to rent a studio! Yes, you can find more afordable housing if you're willing to go further away from your job, or where most of the high paying jobs are located, but the trade off then becomes insane amounts of commuting time.
Do you really want to spend 60-90 mins commuting 1 way daily? 2 hours a day simply to get to your job? Do you really want to spend several of the best years of your life waking up before sunrise and returning home after dark completely exhausted? That's what it's increasingly become. Not only that, but in my bedroom community of Westchester County, NY - there's absolutely not a single thing to do on weekends, unless you want to commute back into NYC again.
The joke here has always been that they roll up the sidewalks after 5pm. It might as well be true. Yes, the 'burbs are great IF you want (and can afford) a private home with a porch, front and back yard to raise a family & have your kids attend the best private schools, but just know that for anyone who doesn't have kids, these vacuous suburbs are the inspiration for "The Stepford Wives" way of life.
Do you really want to spend every single afternoon
chauffering your kids from one after school play date to another? Yech! It's all really simple economics. Nothing terribly difficult.
Yes, there's lots of places to live where the rent is cheap in the USA. In Wyoming you can rent a palace for what a closet will cost you in Manhattan or Frisco. But you better be ready to spend all your free time in front of the boob Tube because there are (no joke) more Cattle Than People in Wyoming! An old friend's father moved his family out to Backwater, Indiana several years back & it was so dead & desolate, they ended up moving back to just outside Boston. Mind friend said that there are parts of the mid-west where he could drive for 1 hour and not see another car. And if you didn't like Nascar racing, you were totally out of luck!
Put a male & female rat in a cage & a few months later, you now have 6 rats. A year later that could double or triple. Eventually they will start attacking and then killing each other, and eventually, it'll go back down to just one or two rats. That's what's happened to places like once thriving Detroit. It's killing LA & more Angelenos are now moving to Texas. In my own County, several years ago there was a fire in a private home. By the time the fire dept & police arrived, they determined that the home, which was leased to 1 couple, & zoned for a single family, had illegally housed 17 illegals! (most of whom split permanantly before authorities arrived). The landlord knew what the situation was, but all the illegals pooled their wages and were about to pay a higher than listed price for the rent. That's just one of many cases in my home town, which has now become a sanctuary city.
The "starter" apts in my town which used to house new college grads, have all now become over-priced co-ops & condos, permanantly out of reach for all but perhaps the top 10% of wage earners out of college, or couples who're retirement age & have saved up enough.
So what's the answer?
We really need MORE, NOT LESS goverment intervention to prevent landlords fro rent gouging. I spent a decade watching corrupt landlords and politicians, as well as the local news media, all collude to keep increasing yearly rents with no caps, no watchdogs, essentially, no conscience or concern for others, just their own pocket books (btw, all the while pleasing poverty!).
Concluding, the ONLY way we're ever going to knock all our societal problems - Healthcare, Housing, Education, Transportation, Infrastructure & on & on down to size, is to knock our insane population growth down to size. We absolutely HAVE to limit immigration to a Meritocracy. We allow in only those Skilled people who speak English & whom will be an asset to our country. I.e, Doctors, Englineers, Scientists, etc. We don't need any more gardners and construction workers and taxi drivers. Sorry if I sound like a Republican, but hey, even a broken clock is right at least twice in 24 hours. Illegal Mexicans need to correct their own problems & they have to stop have large familes they can't support.
Perhaps the time is long overdue to order incentives for couples of child bearing age NOT to have more than 1 child, 2 max.
You only have to do the Math to see that anything else is simply a recipe for long term disaster. Control our population growth (Hear that Mr. Pope & Catholic Church!?) or it will control us, and disaster will be the consequence of our lack of forward and long term thinking. But those are SOME of the reasons the Rent IS Too High.
Welcome to the New World Order sending people to the RV life,not that the RV life is bad.
I see stories of rent being to high, buying a home is out of reach for most people, jobs not paying enough and the list goes on and on, the one thing i have noticed in all these stories no matter which state red or blue, the one thing these stories have in common is this. Urban and suburban sprawl, and the fact that cities are giving huge tax breaks to companies just to relocate or build in their cities, then after a few years the business shuts down leaving unused land, and buildings leaving community blight. So here is my solution and some one please correct me if i am wrong. If a city can take land or a home from its residents under the guise of eminent domain, and give it to a corporation, then why cant the city take urban blighted land from the owner of the land and give it to some one who wants to build more affordable and community friendly homes for purchase and for renters. They have already given the company a tax break, taking money from the community so wouldn't it make sense if the city recouped the tax money from those who want to buy or rent in a particular area?
Get what ya vote for
7 years later people are going through the same struggles. Not sure how we have an issue with jobs and housing when hiring more people to build more houses could really help with that. Until the inventory for house materials are depleted across 70% of the stores, this seems like a relatively easy to solve issue.
Just my opinion people should move out of state where it is cheaper to live I am from California I had to move out of state because the rent was so high for me
They don't have to move out because governor newsom passed 1482 which guarantees low rents with low increases. Problem solved.
we don't even have enough jobs here to have more people to move in aka they don't spend money in Sacramento they spend it in the bay area
Dont forget inflation people!!
I was wondering, how are people in California with a fixed rate mortgage before all this happened are doing?
GREAT!
If you live in the US you can buy a bullet and a handgun, unfortunately in Canada, deliverance from crushing poverty is not that easy.
John Defalque - And the handguns and bullets will solve what exactly?
Supply and demand, lol. There's like 1/4 of all homes empty owned by foreign investors.
what rent control will do is incentivize property owners to seek what's better than renting properties. so you'll see a lot fewer properties being offered for rent, and more properties being used as airbnb homes for travelers to rent short-term.
Mike K. Nah
Thank you ms. Pelosi , your doing a great job for your state
Why do rent prices go up so much all at once?
hedge funds became land lords.
the government is subsidizing housing. I think that’s part of it
"Return on investment". Lack of accountability for those that own.
If they're doing the renters this way, what are they doing with homeowners' taxes ?
Build more houses! No, that will not fix it! They will raise that too!Greed! Brown cotinues to support his sanctuary cities!Some of that money should have been used to build affordable housing for ALL the citizens of the state. Not everyone can afford to live in a house either.If there were no sanctuary cities ,crime would go down. A lot more is involved ib this problem. It atarts at the top!
Building more is exactly what needs to be done. They just need to build smaller units to make them affordable. At $200 a square foot you will find that a house that is 1000 square feet is quite affordable compared to one that is 3500 square feet at the same cost.
Bruce Villa wrong the cheapest I builder would sell a new home 1,000 sq ft would be 300,000. You have permit, architure, engineering, labor, material, real estate agents, taxes then the profit .
@@brucevilla7490 Bruce, building more is only a band-aid. The problem is that there are too many people in the state. CA would be better off in the long run if its population actually decreased somewhat.
@@crucisnh The population will always grow and there is nothing we can do about that. However, we can change the way we live by rearranging our cities to be more transit friendly, with an emphasis on multi family housing vs single family housing. If you took one square block of SF housing away and constructed a condo tower just think about how many more families you could house on just that one block.
Its not just California New Jersey ; New York also .These. Landlords are getting away with murder.Too much greed & corruption abound.
Words of a fool.
@@jakejones5736 you must be a landlord .
@@robertcampbell9946 Of course I am! That's why it's so easy for me to spot false statements concerning landlords.
It is sad we are trying to buy a home since rent is so high and yet homes are going for $500,000 wtf is going on and yet they wonder why we have so many homeless ...... We middle class are getting fucked ( pardon my language) it's insane making $52,000 a year payed $17,000 in taxes and that's with a dependent just because I get a bonus at work the govt takes 50% this is bullshit when you make to much your screwed and it's not low enough to get discounts on health insurance where stuck in the middle
California has 40 million people. The state can't accomodate that many so there is too much demand and not enough supply.
Stop having babies!
Vote "Maxine Waters" to stay in Congress!!! Your community statistics reflect All the Great things she does for you..LIKE SHE SAID "STOP COMPLAINING" or I will raise your taxes again.. We need to support our gang members and homeless.. YOU SHOULD OPEN YOUR HOMES TO THE LESS FORTUNATE,IF YOU HAVE 3 BEDROOMS; YOU HAVE TO MUCH,GIVE A ROOM TO A GANG MEMBER OR HOMELESS, OR ELSE WE WILL TAX YOU EVEN MORE...
War
getting sick rent to high to much....
If there is no capital available to get a lone to build high density apartments or buy land to do so and regulations make buying and building very difficult then the cost of land and/or housing rent is going to be artificially inflated many fold. Also, if tax insentives are established to encourage people to speculate on housing purchases rather than view housing as a cost then buyers of houses will desire housing costs to go up instead of down. All of these things occur in the USA so it should not be surprising that housing costs are much higher than they should be. Also, many people have an irrational aversion to living in small apartments so they are not built. 21 to 30 square meters is all a person needs and this is what a single person uses in Countries like Japan or Korea or even less.
A person in Tokyo can also rent a nicer whole house for less than a studio efficiency in the USA. Search for the UA-cam video "What a $1600 House Looks Like in Tokyo!" for example. Japanese does not have the level of regulations when it comes to building so it is much easier. Financing laws may also be different. Putting regulations on the economy as controlled by the state is called Fascism in contrast to outright ownership of the property by the state which is called socialism/communism. Fascism drives up costs, but is very popular even by the very people who complain about the results. The population is not rational or rights respecting and thus suffers at their own hands.
Really need good Rent Control in Sacramento County.
Stop voting for liberal policies, then complain about everything being damn high. The stupidity is off the charts with these people.
Take the leverage out of real estate. Debt blows up mortgages and rents.
Now everyone is leaving due to the virus so the homeowners that laughed then are crying now😂😂😂
stop them now please.
If you cannot afford where you live, then go elsewhere.... Basic common sense. 😆
R B I think immigrants agree with you
T J it’s expensive everywhere. NEXT PLEASE
Why? So Sacramento residents can take on gentrifying other states after they've been run out of their neighborhoods? You do realize teens, young adults, and seniors are also being heavily affected by these price hikes and are the same ones who cannot easily move away just because, right?
if people are not able to afford to pay rent, ,,then how do landlords make their money, , ,why haven't landlords complained how it's impacting them , ,you would think they would lower rent so they can have renters ,,somethings not right 😒
I moved to Oregon way cheap there
And now look at it!
I'm 50, I got sick of working 3 jobs and 100 hr work weeks in Victoria, BC just to barely pay the extortionate rent and survive.Moved to the country-no jobs, so ultimately I moved to China.Not suicidal about the rent anymore-it's included in my contract.N. America has 3 world incomes and 1st world rents-the worst of both worlds.
I work 7 hrs /wk now and 2 bdr apt included in contract about twice the size of what I've been used to all my life.Only thing that scares me about Thailand is the heat-hot enough here near Hangzhou.
Vote no on rent increase
Get a new r.v.
look it is happening again!! forced out of Napa into Sacramento.....
You all need to move to Idaho or Tennessee
I say it again rent is coming after your car payment and your savings account and your 401k your food money your vacation money so they can keep you renting for life
Realtors are to blame. They need to have a degrees with ethics laws. They should not be able to sell homes to investors instead of homebuyers and should not be able to set rents or home values.
Yup. And eventually there will be no more homes to rent.
You got what you voted for
Greed
People being born too fast, the olders don't die fast enough.
they can't double the rent that is illegal I thot by law they have to make it to were you you might be able to pay the rent before trying to change tenants
What they could do while they're sitting there with their $10 Starbucks and their air conditioning utility bill blasting on high and their online shopping packages is make rent a priority and appreciate having a place to store all the crap they buy
Move to a cheaper country, if retired,or if you can work online. 80% of my income, so hello SE Asia.