There is a pattern here. Companies don't want you to own what you paid for. Instead, they want you to fall for the subscription model trap.... music, software, housing, etc.. Since you never owned what you "bought", they have control over you until you tap out. You have become forever renters of goods. The rent may seem affordable right now compared to a mortgage payment, but the owners might raise your rent 2 or 3 times a year until you eventually get priced out of the rental market. Imagine paying $1,500 per month in a big city for a 1 bedroom apartment. That's $18,000 of annual rent or $180,000 in 10 years. At the end of 10 years, you own absolutely nothing.
Doesn't matter when renters also didn't waste tons of money for hoa, much higher home insurance, much higher gas and utilities, much higher property taxes, endless repairs and leaks and maintenance. The greatest thing is to tent what one needs, no extra space and waste of hours of chores. That $180,000 was about half extra amount you will have to pay as homeowners if everything goes fine by standard. Don't see the rainbow yet because there really isn't.
@@ssuwandi3240 Many factors go into homeownership.Working with many applicants for home loans the range is broad: from the family maxed out on credit cards with 2 car loan payments in addition to a home with a mortgage and debt to income exceeding 70% to the family with 2 credit cards used rarely, cars owned outright, and current mortgage bringing total debt to income in at 18% and able to refinance to a new debt to income of less than 10% with some cash out to update the home and replace the roof: Who are smarter owners, the 1st or the 2nd family? Note: those examples were in the early 2000s
"Younger generations are having their life events later. They're having kids later, they're getting married later, and they're buying homes later"... Yeah, why the hell do you think that is?? Houses are unaffordable! And this guy is justifying it like he isn't the cause of the problem. The need is not for high quality rentals. The narrative should be "rent to own", not "build to rent".
Unfortunately, as long as the housing market is tied to a financial system it will be seen as an asset. And assets appreciate in price. Just how it is. Improve your credit, time your loans to be after economic hardship, not during. Play the game smart or don’t play at all
This is a terrible idea for families, great for big business. Looks like the home inventory is going to stay artificially low, and property/land is going to keep getting snapped up by these mega corporations so the average American is never going to be able to afford a home. This couple is in for a rude awakening when this company jacks up the rent cause they know they have no where to go.
Yup, these companies are really smart. The know what they are doing and many people are falling for it. That gos for everything. You gotta be able to see that coming. Even that work from home thing is a set up. People who work from home make it easy for the company to get rid of workers. Just a zoom call away. Hopefully they live near other jobs as a backup because working from home is in high demand.
How is that different than having a mortgage and being laid off? And a $2400 mortgage payment is more like $3600 after property taxes, insurance, maintenance, etc.
I really hope all these big companies buying homes to rent get hit hard when there's a housing crash or correction. They are totally exacerbating this affordable living crisis.
Americans build their houses from wood and rent cost 2400! On a mortgage payment, that would be more than half a million. Why do wood house cost that much and land is plentiful in the States. In my country, houses are from bricks and they cost less than 50k US dollar to build, it is the land price due to shortage of land that is high
When home prices stabilize, these hedge funds will only be collecting rent. Against popular belief, there is just not much profit from rents alone, on single family homes. When these homes get old enough, and start needing repairs, profits from rents plummet. Tenant friendly laws that are starting to come about, will also cut into profit. From my experience you need at least a triplex, to make enough money, to make it worth all the headache landlords put up with.
So.. less materials available, less houses for people to build equity in and save wealth for their families, GREAT ! And none of these families will be RENT CONTROLLED, subject to spikes and moves in rental markets like in my Boise, ID. Way to go guys! Its the American way.
@@arshiff336 CA is another matter entirely imo, when a state govt doles out social benefits to illegals like candy, when thieves can steal up to $700 or so in the bay area without repercussions, intelligence has left the building
@@jacobnapkins1155 rent control is one of of the few things economists agree on. Rent control reduces the supply of new housing and decreases maintenance of the current rental inventory.
Rent control is a terrible solution to a problem created by the same people. Permitting and zoning are the primary restrictions on building homes in metro areas. Rural areas it's mostly a time issue, massive sudden demand with no built up supply.
Landlords and investors have learn that the government will pay higher rent through section 8. In my area the government has increased the amount they pay in section 8 ,so landlords are increasing their rent to stay in line with section 8. The government is causing rent to increase.
this is actually not true. Section 8 will pay comparable rent to the area. You don’t know what you’re talking about. Landlords are selling their properties which causes more demand than supply. You don’t know what youre talking about
@@scroogemcduckrich9705 my neighbor told me he was moving. I ask why? He said his landlord was raising the rent after lease is up. Rent will be going from 800 to 1100 a month .1 year lease. Landlord told him that was the going rate set by Section 8 office for this area. He could pay the 1100 and stay or move out. He chose to move.
@@dorispowers9060 i am a Section 8 Landlord so I actually do this. Section 8 will not pay over market value… they don’t set market value. Like I said you have no idea what your talking about. Your neighbor’s situation is one story. You cant extrapolate causation for rising rent from one family’s circumstance 🙄
Rental communities start with rent as the monthly base and then the extras follow You have to pay waste/water usage which s not always for your unit only but the whole community usage. You could be traveling for a month and get a huge water bill from the neighbor having a water party. Electricity and cable/internet seems to be charged higher too by the cable company. Getting out of the lease is tricky and must be timed right. Make sure to take pictures of every nook and cranny of your new unit and send to management. The tiniest thing you didn't report in the beginning will cost you on the final exit bill.
that's true with big mgmt landlords. I'm a little guy landlord and I return deposits as long as no excess damage. I remember what it's like being a renter. I got screwed over at apartments
Cut them out, cut them off, and see how quickly people stop putting off life events because THEY CANT AFFORD A HOUSE. No more build to rent, no more corporations buying up all of the housing. They are systematically forcing us into being renters.
Suburb's look so dystopian. All those house's look the same no yard probably has a "renter's" association complaining about everything LOL. Urban sprawl freaks me out being a country kid. It's insane in Georgia, suburbs for miles
Don’t rent. There’s plenty of motivated sellers out there right now. The market has flip flopped and moving toward a buyers market. If you rent, try to only rent for a year. Things are only getting worse for sellers
Mortgage is a suppose to be cheaper than renting 🤔 Honestly, who own anything in this world. You don't pay your taxes your house get taken away, don't pay rent you get put on the street, don't pay car notes they repossess, don't keep up with tags on car it gets tow, so really you just on this earth renting until you leave and you still can't take it with you, so all this material mess is for the next person until they leave😅
The difference between paying property taxes versus paying rent is that one only pays taxes once a year. While "savy" renters are paying the same amount every month.
ghost money, thats all it is. Instead of maybe being able to lace a down payment, shes under the notion that maybe in a few years real estate will go down? Now all the $2500 ghost money they toss away every month they will never see again.
While at the same time labeling all vehicle dwellers as criminals. Gen X and younger have wasted their lifetime earnings on the luxuries of the Baby Boomers.
And that money will go to, you guessed it, large corporations. 60 minutes just did a good piece on these companies. Tricon's, Candian homes for rent, company profit rose 67% Y/Y. They get their backing from Goldman Sacs and the likes. Tricon is planning to buy 800 homes a month this year alone. Home sellers are getting their asking prices met within hours of listing, and they're getting it in cash.
The proble is that all starter homes are quickly bought up by investors. I bought a home this summer and had to go with one larger than i wanted because there were no smaller ones. No 2-3 bedroom, ranch style were available,....zero
The crimnal record lies on your leasing office where we tend to be Homeland security as Latinos as capable crimnals as well. Some with immunity due to deposition of crimes you want to adhere in.
As a entrepreneur someone always has to get the first outcome and allowance as a master realitors as you Europeans over indulge in everything in America. With a fire fuirts law that is illegal that is a church tithe and a tax payout which would be illegal for yiu to claim. 1/3 is Latin and it's Catholic.
Where you must match the last 1/3 with euro black and Asian. Nation wide. Supreme court ruling. If not somian Hindu and middleastern to replace the Africans.
There is a pattern here. Companies don't want you to own what you paid for. Instead, they want you to fall for the subscription model trap.... music, software, housing, etc.. Since you never owned what you "bought", they have control over you until you tap out. You have become forever renters of goods. The rent may seem affordable right now compared to a mortgage payment, but the owners might raise your rent 2 or 3 times a year until you eventually get priced out of the rental market. Imagine paying $1,500 per month in a big city for a 1 bedroom apartment. That's $18,000 of annual rent or $180,000 in 10 years. At the end of 10 years, you own absolutely nothing.
Great analysis 🧐
Doesn't matter when renters also didn't waste tons of money for hoa, much higher home insurance, much higher gas and utilities, much higher property taxes, endless repairs and leaks and maintenance. The greatest thing is to tent what one needs, no extra space and waste of hours of chores. That $180,000 was about half extra amount you will have to pay as homeowners if everything goes fine by standard. Don't see the rainbow yet because there really isn't.
🤦♀️Exactly what is meant by "You will own nothing and be happy"-Klaus Schwab
@@deborahd.6228 always happier without excessive amount of debts. Ha house is a high maintenance posession
@@ssuwandi3240 Many factors go into homeownership.Working with many applicants for home loans the range is broad: from the family maxed out on credit cards with 2 car loan payments in addition to a home with a mortgage and debt to income exceeding 70% to the family with 2 credit cards used rarely, cars owned outright, and current mortgage bringing total debt to income in at 18% and able to refinance to a new debt to income of less than 10% with some cash out to update the home and replace the roof: Who are smarter owners, the 1st or the 2nd family? Note: those examples were in the early 2000s
..."You'll own nothing and be happy" - read that somewhere
This is interesting turn of events.......you will own nothing and like it...
We will own something else really investable. Not Home as real assets gimmick the Fed wants you to believe in
@@ssuwandi3240 and what is this something else? Stonks? Crypto?
Very few people own their house. The bank owns it.
They call it the American Dream because you have to be asleep to believe it
~George Carlin
You can rent the American dream
What country are homes more affordable?
I feel sorry for first time home buyers today...I bought in 2008 for 4.5x less than it's worth now. Unreal
Dont be sorry. We still doing great
No sorry. At least they are not bag holders! You are in the risks landscape prob for decades to come
"Younger generations are having their life events later. They're having kids later, they're getting married later, and they're buying homes later"... Yeah, why the hell do you think that is?? Houses are unaffordable! And this guy is justifying it like he isn't the cause of the problem. The need is not for high quality rentals. The narrative should be "rent to own", not "build to rent".
Yup wait til homes get cheap...they will be empty...
$2400 a month and nothing to show for it is just wrong.
My dad was in his late 20s and was able to purchase a 3 bedroom / 2 bath on a one acre lot with only a office job. No one can do that today.
@@michele5695 showing for got many in trouble. Folks just trying to be practical and have a decent life.
@@adamgoodman3422 yes, a decent life where at the end of it they will still have nothing to show for it.
We should have never treated homes like speculative stocks.
Unfortunately, as long as the housing market is tied to a financial system it will be seen as an asset. And assets appreciate in price. Just how it is. Improve your credit, time your loans to be after economic hardship, not during. Play the game smart or don’t play at all
This is a terrible idea for families, great for big business. Looks like the home inventory is going to stay artificially low, and property/land is going to keep getting snapped up by these mega corporations so the average American is never going to be able to afford a home. This couple is in for a rude awakening when this company jacks up the rent cause they know they have no where to go.
Yup, these companies are really smart. The know what they are doing and many people are falling for it. That gos for everything. You gotta be able to see that coming. Even that work from home thing is a set up. People who work from home make it easy for the company to get rid of workers. Just a zoom call away. Hopefully they live near other jobs as a backup because working from home is in high demand.
Rent is a market like anything else. They can't just "jack up the rent" to any amount they want, or they will have no tenants.
@@4thand133RealPage (YieldStar) has entered the chat.
They can and they have. In economic terms it's called a cartel.
They are getting financially wrecked earlier in life...... student debt is bondage.
That's self inflicted. Poorly guided but still self wrecked.
$2,400 per month? If you get laid off, you are in very deep in a bad way
How is that different than having a mortgage and being laid off? And a $2400 mortgage payment is more like $3600 after property taxes, insurance, maintenance, etc.
I really hope all these big companies buying homes to rent get hit hard when there's a housing crash or correction. They are totally exacerbating this affordable living crisis.
Americans build their houses from wood and rent cost 2400! On a mortgage payment, that would be more than half a million. Why do wood house cost that much and land is plentiful in the States. In my country, houses are from bricks and they cost less than 50k US dollar to build, it is the land price due to shortage of land that is high
In your country the price of land, labor, materials and likely financing is much lower.
Interesting! What county you live in?
Prices are not going down.
Correct. if you're middle class and you haven't bought it's over. Forever a wage-slave for the merchant elite. Truly heartbreaking.
can't wait for the interest rate to reach over 10%.. sorry for people who purchased a home at the top of the peak.. 2008 all over again which is sad!
When home prices stabilize, these hedge funds will only be collecting rent. Against popular belief, there is just not much profit from rents alone, on single family homes. When these homes get old enough, and start needing repairs, profits from rents plummet. Tenant friendly laws that are starting to come about, will also cut into profit. From my experience you need at least a triplex, to make enough money, to make it worth all the headache landlords put up with.
So.. less materials available, less houses for people to build equity in and save wealth for their families, GREAT ! And none of these families will be RENT CONTROLLED, subject to spikes and moves in rental markets like in my Boise, ID. Way to go guys! Its the American way.
California has rent control is it improving affordability?
@@arshiff336 CA is another matter entirely imo, when a state govt doles out social benefits to illegals like candy, when thieves can steal up to $700 or so in the bay area without repercussions, intelligence has left the building
@@arshiff336 Oregon does to much cheaper then WA which doesn't
@@jacobnapkins1155 rent control is one of of the few things economists agree on. Rent control reduces the supply of new housing and decreases maintenance of the current rental inventory.
Rent control is a terrible solution to a problem created by the same people.
Permitting and zoning are the primary restrictions on building homes in metro areas. Rural areas it's mostly a time issue, massive sudden demand with no built up supply.
Much better than investors buying up existing homes… the only way out of this problem is to BUILD, BUILD, BUILD!
2400$ that's expensive 🤔.
Landlords and investors have learn that the government will pay higher rent through section 8. In my area the government has increased the amount they pay in section 8 ,so landlords are increasing their rent to stay in line with section 8.
The government is causing rent to increase.
this is actually not true. Section 8 will pay comparable rent to the area. You don’t know what you’re talking about. Landlords are selling their properties which causes more demand than supply. You don’t know what youre talking about
@@scroogemcduckrich9705 my neighbor told me he was moving. I ask why? He said his landlord was raising the rent after lease is up. Rent will be going from 800 to 1100 a month .1 year lease. Landlord told him that was the going rate set by Section 8 office for this area. He could pay the 1100 and stay or move out. He chose to move.
@@dorispowers9060 i am a Section 8 Landlord so I actually do this. Section 8 will not pay over market value… they don’t set market value. Like I said you have no idea what your talking about. Your neighbor’s situation is one story. You cant extrapolate causation for rising rent from one family’s circumstance 🙄
@@scroogemcduckrich9705 Exactly, section 8 don't pay full market rate. That's one of reasons landlord don't accept housing vouchers.
Rental communities start with rent as the monthly base and then the extras follow You have to pay waste/water usage which s not always for your unit only but the whole community usage. You could be traveling for a month and get a huge water bill from the neighbor having a water party. Electricity and cable/internet seems to be charged higher too by the cable company. Getting out of the lease is tricky and must be timed right. Make sure to take pictures of every nook and cranny of your new unit and send to management. The tiniest thing you didn't report in the beginning will cost you on the final exit bill.
that's true with big mgmt landlords. I'm a little guy landlord and I return deposits as long as no excess damage. I remember what it's like being a renter. I got screwed over at apartments
A 2/2 4 minutes away from the ghetto in Miami is going for 300k on average. Trust me will have a crash.
Cut them out, cut them off, and see how quickly people stop putting off life events because THEY CANT AFFORD A HOUSE.
No more build to rent, no more corporations buying up all of the housing. They are systematically forcing us into being renters.
This is an ad.
Suburb's look so dystopian. All those house's look the same no yard probably has a "renter's" association complaining about everything LOL. Urban sprawl freaks me out being a country kid. It's insane in Georgia, suburbs for miles
Don’t rent. There’s plenty of motivated sellers out there right now. The market has flip flopped and moving toward a buyers market. If you rent, try to only rent for a year. Things are only getting worse for sellers
Unfortunately your April stat is lagging
Mortgage is a suppose to be cheaper than renting 🤔 Honestly, who own anything in this world. You don't pay your taxes your house get taken away, don't pay rent you get put on the street, don't pay car notes they repossess, don't keep up with tags on car it gets tow, so really you just on this earth renting until you leave and you still can't take it with you, so all this material mess is for the next person until they leave😅
The difference between paying property taxes versus paying rent is that one only pays taxes once a year. While "savy" renters are paying the same amount every month.
ghost money, thats all it is. Instead of maybe being able to lace a down payment, shes under the notion that maybe in a few years real estate will go down? Now all the $2500 ghost money they toss away every month they will never see again.
How are they tossing it away when they are getting a place to live? You are paying for shelter either way, whether you own or rent.
You will not own anything but you will be happy
2400 a month for a big house like sound like a good deal. Especially considering the fact that you have no maintenance cost, nothing to worry about.
Until you loose a job. Then you have nothing
And that is the problem with this millenial/gen z generation... you want everything quick and easy in life. And you want no responsibilities.
While at the same time labeling all vehicle dwellers as criminals. Gen X and younger have wasted their lifetime earnings on the luxuries of the Baby Boomers.
The young is not going to have a nest egg to retire with, its going to take more then income, regular saving etc. to make it.
And that money will go to, you guessed it, large corporations.
60 minutes just did a good piece on these companies.
Tricon's, Candian homes for rent, company profit rose 67% Y/Y.
They get their backing from Goldman Sacs and the likes.
Tricon is planning to buy 800 homes a month this year alone.
Home sellers are getting their asking prices met within hours of listing,
and they're getting it in cash.
You will own nothing and you will be happy
Just for renters..
Corporations be limited to duplexes and town houses and barred from obtaining single homes
and just like that people shall become sheeple
Boycott renting
Don’t rent just buy a starter house or built on
The proble is that all starter homes are quickly bought up by investors. I bought a home this summer and had to go with one larger than i wanted because there were no smaller ones. No 2-3 bedroom, ranch style were available,....zero
American Homes 4 Rent is not the best landlord based upon people so know that rented from them.
we need ugly looking but extremly affordable apartment complex , not american dream type of houses.
Andards as a Latin comerance
Investor love the CRASH believers.
Real estate companies always find ways to create Bubbles 🤦♂️
Hot Take. You are better off renting and putting your down payment in the S&P 500. 🚀
I think it depends. My DP yielded me a 200+% leveraged return in the past 18 months -- equivalent to around 15 years in the market.
@@samuelwinston3114 is that an event you would ever expect to happen again? Today and going forward, would that happen? That is the question.
As neighbors
Good job brandon! Way to go lol
They have been doing this since 08'...Trump likes real estate, so he made this way easier
We need Islamic Emirate states of America with sharia constitution now.
Doing away with usery would be an improvement
Standards of Latin commerance
Súper.
Until it all comes tumbling down...lol
Bidenflation
Stay tf out the south
The crimnal record lies on your leasing office where we tend to be Homeland security as Latinos as capable crimnals as well. Some with immunity due to deposition of crimes you want to adhere in.
As a entrepreneur someone always has to get the first outcome and allowance as a master realitors as you Europeans over indulge in everything in America. With a fire fuirts law that is illegal that is a church tithe and a tax payout which would be illegal for yiu to claim. 1/3 is Latin and it's Catholic.
Where you must match the last 1/3 with euro black and Asian. Nation wide. Supreme court ruling. If not somian Hindu and middleastern to replace the Africans.
As a sovernity.