Firms flock to Florida, buy up apartments because of weak tenant-protection laws, study finds
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- Опубліковано 28 вер 2024
- A University of North Florida study found that Duval County is the eviction filing capital of the state, and corporations are behind a majority of eviction filings in the Jacksonville area.
So the corporation jack up the rent, then the tax payers pay the corporations via assistance programs. This is called corporate welfare.
I guess a solution is stopping the welfare 🤷♂️
If the corporations don't jack it up, then the government will. And when the government jacks up rent, it will never ever go down.
@@fringestream990well that’s what we get when we elect from the human race.
That's what voting for republicans gets you.
Taxpayers are paying for the assistance programs for decades, regardless of increases in rent. Sheesh... They are not going to rent a market value apartment of $2,000 for $500, which might be something that you can afford.
My downtown apartment was sold while I was renting it. They tried to evict me at that point for the new owners to move in. Unfortunately for them, they didn't check that my lease had a purchase option, so I basically told them I was considering purchasing the unit. So if it wasn't for their stupid mistake, I would have been evicted. Instead, now they had a huge legal time bomb, and that purchase option was the only way I was able to stay the remainder of my lease without being harassed. I had no intention of buying it because I simply couldn't afford it, but they didn't know that, and I'm sure there were some very heated arguments behind closed doors 😅
Maybe make an offer to the new buyer to buy you out of the lease.
The world is a greedy nightmare
Yes!!! I just said this to my son.
Glad somebody got it right with right word GREED.
And every damn thing is going up and up and up. I just redid my monthly budget and made some cuts.
And I only leave the house once a week now so I'm not tempted to spend on a fancy.
Greed destroys everything.
Always has been!
This is not just in Jacksonville Florida...I am a professional whose income has actually gone down (apparently Mental Health Counseling is not valuable despite education amd licensing requirements) but in SWFL my rent went from $1250 to $2350 in 7 years. And as a single mom I have had to continue to eliminate other expenses for my child like summer camp, tutoring, extracurricuars and vacations. I feel so sad that my child has had a different life because of greedy landlords and impervious politicians
while the politicians give away millions of dollars to illegals...
With rent increases it prevents one from moving because they cannot afford the expense. It’s just despicable!
I'm also in swfl and my rent went from $1300 to $2350 in that same time frame, with no upgrades for the property
And in that time span, the costs for EVERYTHING doubled, elections matter.
@@Artoconnell well check what Duval County voted for. the same form of governance that many flee Commiefornia and NY to be here in Florida - the masses dont want to learn anything ..
These companies are the reason rents are so high. They do cheap flips and charge a fortune for new renters.
Republicans let companies do whatever they want. Democrats oppose letting companies rip us off.
Inflation is affecting everything.
@@francismarion6400and take a wild guess who's causing the "inflation"? For example, farmers are reporting that the cost to grow the food has remained the same, the grocery chains however charged more, take a WILD guess where all the extra money is going to since it's all the same?
@@infini.tesimo Farmers are reporting costs are up. Fertilizer, diesel fuel, equipment, and regulations are all up.
Give thanks to Biden
I had to raise rental in all my properties
Sad but I have bills too. Why i only month to month.
The real issue is that a lot of these "Firms" that are buying up properties in Florida are not just out-of-state, they are from agents from other countries buying them. I looked up several properties that have been purchased in my area and they being bought by LLC's and Corporations, but when you try to verify who is in charge of the LLC or Corp through sites like Sunbiz you lead to a dead end of PO Boxes and throw away email accounts. The names are often foreign names and a search for the name will reveal that they only are on a single asset with no other affiliated business or occupation. It is very shady at the least. For contrast, on a typical property search you usually get a lot of information about the owner.
Go straight to homeless. Do not pass go, do not collect $200.
They should just pretend to be in the country illegally, go to New York then get everything for free.
Eventually they'll figure out that homeless people don't have disposable income. Capitalists are dense.
@chuckhunter77 They're not dense. They know exactly what they're doing.
@@mE-zx7pt Yes, they do. They want to make everyone homeless.
@@chuckhunter77 commie are dense, they dont seem to realize that the free market works... more supply and less demand means lower prices... not government control by taxing the people to the brink of homelessness.. while giving illegals debit cards with $5k and more monthly...
Florida is going too experience a homeless crisis in a few years.
In a few years? There's tons of homeless people but most don't care or notice until they get closer that situation or in that situation..... Then it's too late.
No, Florida has laws against that also. They'll just move to socialist states.
Florida already has a
Homeless crisis; I would say there at least 30 million people homeless in America might be more ..
But what about all those jobs Joe has provided? Welfare should be shrinking ( but it’s not) and by the way,.. welfare is simply other people’s money , right ? 🤷♂️
They already are
This is what happens when you don't put rails on capitalism. It's sad to see how these business and corporations get all the assistance and leave the working men and women out to dry.
Itll backfire on these greedy rent seeking corporations.
And they wonder why nobodys Having kids and getting married, meanwhile your rent just increased by 400 dollars and your served an eviction notice. Corporate GREED is killing us off.
Not getting married has nothing to do with this, that's an excuse to not get married, people get married everyday rich or broke
@@lulud7540 I know dummy
Thx4 report ..Gov DeSantis too busy signing Fl hate speech law in Israeli .. representing those who politically donate ( like developers) not the people .. shelter is a BASIC NEED
And you "shelter is a human right" socialists are expecting landlords to pick up the tab. Someone had to work to build that shelter so they deserve to get paid for their effort. The landlord also deserves to be compensated for their investment. People should not get housing without giving an equal benefit in return.
People need to help themselves not depend on government
Gov descent is has done some great things like protecting our children and getting rid of DEI. He now needs to focus on getting private equity out of buying single family homes. The demand for housing has gone so high because private equity buys up whole developements. This makes all rent become unaffordable. Homelessness is very bad for all of society!
@@robertmanley2687 there needs to be laws restricting corporations and did you catch the part where the state now forbids local municipalities from implementing rent control?
Democrat or bigot?
Vote our politicians out. They are allowing this mess to spiral out of control...we also need a mass job and housing walk out.
This is happening all over the country, not just florida. Developers are coming in all these days. But of all these properties and pushing people out, where are they gonna go? They can't afford the rent as it is. Most of our lawmakers in congress don't do a damn thing for the people they just enrich themselves.
SUPPORTIVE HOUSING MODEL SHELTER HOMELESS AGENCY MANAGEMENT AMERICAN DREAM NIGHTMARE OPEN CASTING CALL remix😢
The District of Cleawater has buildings infested with termites. Recently, helped a friend move who had to throw out her wood furniture because the problem is so bad they had migrated into much of her furniture. They've been aware of the problem and still rent out units--and there is nothing tenents can do. If you complain--they evict you or charge so much more you can't stay. Bayside Harbors has buildings infested with rats, and rotted wood and only do repairs when you move out and don't fix the underlying problems. These are classified as "Luxury apartments" and there is no one to fix them. Management has no authority, and you cannot reach the owners of these LLCs.
Good job Florida, you played yourself with electing people like DeSantis.
Yea, because democrats are magicians with handouts!!! LoL!!!
DeSantis didn't cause all of the high rents and dilapidated apartments. Get the laws changed.
@@Gator777desantis is the reason our electric bills and homeowners insurance bills are through the roof
So sad that the government is allowing this crap
Are you saying the government should allow tenants to stay in privately owned apartment units without paying rent? Shouldn't the deadbeat tenant be evicted so that apartment can then be made available to someone else who is actually willing to pay the rent? Or do you prefer available rental units to be in short supply with even higher rents?
@@stevetaxpayer6664they should ban out of country buyers, maybe even out of state, from buying property, at least while there's a crisis going on. Or they could cap rent increases, tying it to inflation rates.
I love how you are turning this around on renters, like they're being deadbeats, when this is beyond paying reasonable rent rates. Nothing about what's going on has anything to do with what renters are doing. Blaming them right after your hearing from the news that this is a direct result of a state making it easy to abuse renters...
State government - state laws. Do you think Republicans are going to change it? They have the same kinds of laws that PUNISH COMPLAINING TENANTS in Oklahoma and other Republican majority ruled states. Why are people surprised?
@@stevetaxpayer6664 what a clueless comment. Let them eat cake for there is no more bread. The government can create laws to protect tenants. Very different from your Utopian version of let them eat cake. People in Florida are already moving to Alabama where housing is more affordable. It's like San Francisco where average workers can't afford to live there only the tech people in Silicon Valley. People who clean offices should not have to commute over two hours each way to go to work so they can afford to rent.
It’s not the government,it’s the people taking huge money for their homes being greedy,put the blame where it belongs,if they didn’t sell we wouldn’t have this problem.it’s not the government signing property deeds over it’s y’all.
That’s Florida for you!!!! In 4 years my rent went up to almost $500 but salary is the same 😂 what a joke … ain’t right and state government do nothing to help …
Florida rents rising faster than the water level
And meanwhile, desperate homeowners looking to sell their properties can't find buyers willing to pay their price.
We don't want or need a corporate housing environment anywhere in Florida! Especially ones from out of state.
Good luck with that.
Politicians in bed or, better yet, invest in corporations who benefit themselves personally & not the taxpayers. Investments in Florida properties becomes a tax right off when a natural disasters occurs.
The investor is the taxpayer, their 401K and pensions.
Govts need to start building apartment buildings. This is obscene to let developers and investors run amuk.
Welcome to America, the wealthy are greedy and the government is too
That's the one scenario the government wants to prevent; it doesn't want to build apartment lest the tenants start to consider their apartment an entitlement they deserve regardless of whether or not they pay rent. The current tactic of state and local governments is therefore to limit the power of private landlords just a smidge before it's considered an unconstitutional taking of private property.
Public housing apartment projects. We all know how lovely those communities turn out to be.
None of this makes any sense period. People can't afford the rents so they get evicted 😢 and corporation want to buy empty building 😬🤔
This is actually the most logical comment I've seen. You're exactly right, it doesn't add up.
They need to limit the greedy corporation to invest in the housing stock. But DeSantis does not care.
He republican why should he care. It’s all about the bucks 💰, everything else is just conversation
DeSantis is in their pockets
If you want rents to not rise. Impose tax freezes and insurance prices.
No hope: no one cares. This is the new reality.
I often state the same thing. 😕
So sad Texas is lime this too. The developers are buying up properties and charging ridiculous rates and charging tenants for things that they are suppose to pay for as a landlord. Abbott is doing nothing about that either. Hell keep this up and we all are going to be running for the border and im not talking Taco Bell. Its getting crazy. If rent was capped and controlled the developers wouldn't do this. A home built in 1953 3bdrm 2 bath 2500 in a crime neighborhood just crazy
That’s what our governor should’ve done take care of your state before he ran for the United States.
@@poollife777he is responsible to the people who voted for him and are saying there is a housing issue. If he doesn’t want to be responsible for state issues then he shouldn’t be a governor.
How exactly would he "take care" of the cultural dysfunctions of these people that is preventing them from coexisting in society?
He would rather give billions to ukraine
@@poollife777well let's see he's the reason our electric bills are through the roof desantis only cares about big corporations that donate to him
I wonder how long the corps can keep this up before they implode. If peopel cant pay they cant make money just seems greedy and crazy. They must have a plan that well have to wait to see fall into place. Just keep rents in the range that can keep people housed, apartments full, and make a profit. This is sick.
Governor DeSantis needs to do something about this . He likes to protect our rights. This is against moral decency, it's GREED. Part of our rights should be to have a place to call home. Everything on this planet is just going to extremes .
He doesn't do anything to protect people's right all he does is culture wars bs
Total agree! Rent is to high all over Florida 😈😈
Wait until they get the insurance payment.
That's different, the contractors working with TV lawyers are to blame for that mess.
$400 rent increase. move with your parents and save up for a down payment for a mobile home.
Does she have anyone to move in with?
@@dannythunder3180 unknown but there is always a friend, if not they werent your friend in the first place
@@autobotdiva9268 what about if that person's landlord doesn't want other people living with them
@@dannythunder3180 find new friends
Um pad rent has went up from 380 to 6-700 in less than a year out of state companies are buying those to greenfield manor Fenton mo pad rent $650 look it up !!
Whaaaa Republicans rolling back consumer protections leads to more suffering amongst Americans?!? Woah
Tenants should ban together, gather signatures and create a Nationwide coalition to fight for at least 50% of yearly rental payments as tax deductions. It will bring an end to corporate greed and reduce homelessness! When residents are unable to maintain a roof over their heads legally, illegal activities will continue to increase. ✌🏽
I lost my apartment now I sometimes live in my car and hotels
Working class people deserve homes as well! You can't build yourself up, if your constantly battling for basic needs.
We need hotel assistance
Are you in the country illegally? No? then no hotel for you...
@@bubbajones4522shut up bigot
Friggin hotels are just as bad.
It’s disgusting
Anytime the corporate media end anything with "a study finds", all you need to do is find out who paid for the study. America needs a decentralized media asap
People don't need a study when their personal experiences are happening right out of their wallets.
You can get a 1 bedroom apartment in Wichita, Kansas for $535 a month.
Small hat corporations from NYC and California are the worstttt!!! They want to drive out demographics and rent to who they prefer. They should complain for pay increases, their own mayor allowed this knowing what would happen.
Not about weak tenant laws but the abuse of landlords from tenants and the government of "continuances" which milk financially the landlord and reward tenants and lawyers.
Thank goodness for news investigators. At this point they’re the only ones left looking after us. Isn’t that crazy?
We are pestered to death by phone calls and letters to buy our house. They always claim to be individuals but we know thet they are schilling for corporations. This is why rents are so ridiculously high. That and all the refugees fleeing Democrat hell.
Thank you for being a human being.. There are so many greedy lowlifes in FL not thinking about how they’re destroying their communities but selling to corporations.
I learned the hard way, Florida is for wealthy retirees, working people should go somewhere else. Your life will improve %100 when you leave Florida because it is a working persons hell.
I spent just over 25 years working in mult-family property management and maintenance (in FL, AL and TX) and most were HUD programs that accepted Sec 8. They were managed mostly by "fee managed" companies that didn't really put money into the properties, they only kept them up to a certain level. Part of my job unfortunately was having to help with evictions. But 99% of these evictions were very hard because most of those people lived in very filthy conditions. The next step up were the REIT's (Real Estate Investment Trusts) and they would come in and put a new face on the property, maybe a new name to hopefully change the image and make it all pretty. But after the initial investment there wasn't much interest in improving the properties. I've been retired for about 15 years now and don't miss all the problems.
Its like my public storage unit with the rent. Three months? Time to raise the rent.
Rent are high because of Illegal Immigrants
I'm for free markets. However, corporations are being greedy and not leaving enough housing inventory for individuals and families. Now, government intervention is needed!
That's the whole Florida right now literally homeless percentage done sky rocketed since covid
Firms, and corporations needs to be outlawed
Opposite ends of the spectrum, I have apartments in NYC and the laws are ridiculous protecting the tenants.
It’s not the corporations, it’s the federal reserve interest rate.
Apartments are a business, when anybody buys them with new economy money it’s expensive, just like the cost of your business expenses to operate where you work, that’s why your wages aren’t going up either. The best case solution is to own a home not rent and have a fixed interest rate.
That’s economics.
We need to sends letter to the politicians. And if nothings gets done we need to vote them out. This is when we need community leaders to advise the poor. And mobilze action.
nothing that you can do-
Investments have there uses, but it seems like WAY too often it's just glorified scalping- the idea that I'm gonna buy something just for the purpose of jacking up the price and selling it, basically just inserting myself into the middle of a transaction so I can collect free money that I otherwise provided no value for.
You will own nothing and be happy
It only getting worse
If only this could be seen as a good thing. Like oh nice, someone is going to fix these up and give people nice homes. Instead, we get a sense of despair. Sigh. This does not look good. The local people have got together and get with folks in office. Need some renter laws made up. There's lawyers everywhere. Th greed wont stop.
Yeah, that's what florida real estate needs is more government intervention.....
Yeah let's have zero government regulation in real estate and let the Saudis and communist China accumulate more and more gains in American real estate markets! Sounds good to me, I'm sure you're happy with that as well 👍👍
I feel for these people that can no longer afford basic needs.
NYC moved to Florida and made it just like home. Joe Pesci- The Super was in 1991 needs a Florida remake
And what is our governor is doing about it?
Desantis doing nuttin
Vote out your state officials
Nothing! And when FL real estate is over 75% owned by the communist Chinese and Saudis, he'll be a US senator or a multi millionaire and won't give two shits either way 😎
Helping ukraine
Rent strike fixes everything. Defend your residence.
No need for regulation right. No worries the big corporations and investors will look out for low income families.
The people in Hialeah also suffer from very aggressive high increase rent!
Florida 😂sucks
My question to the news reader aka journalist- does his news station make a profit or is this a non-profit company that is owned by the government oops the people - tax payers?
Home insurance is very expensive.
TOO
MANY
PEOPLE
Isn't Florida the state of America for retirees and senior's.
Can't you just build more apartments then? Supply increase is always better than socialism and price controls
Exploiting the poor is nothing new. 😢
Pay your rent. Don't get evicted. Not the landlords problem you can't pay your rent. Move to NY or CA and live for free
There are 0 services.
There are options. Move to an area that's more affordable.
I just bought a house because of this. My rent went up $700 in 2 years. I bought the house on 1/2024 for $295000. Today it’s worth close to $400000. Timing is everything.
More slum lords for section # -number properties and the preyed upon ones who live on the property,!!’who’s the biggest bum the property investment firms or the dead beat s,!!’
It’s amazing how the news always casts the landlords as the bad ones. Every tenant has the option to live where they live and they know the rent. If you can’t pay for any service or good then why is the merchant or landlord the one who is wrong ? This attitude is going to undermine personal responsibility even more in America.
The corporate landlords don't maintain the property.
That is such a broad and untrue statement. I have lived in many “corporate owned” complexes and they were incredibly maintained. That doesn’t mean there aren’t some that have issues but just like I can’t say all are perfect nobody can say they all don’t maintain their buildings just because they are “corporate”
..."they know the rent"" Not when they increase the rent where people can't afford it.
Governor DeSantis needs to help people not the big corporations that donate money to his campaign
Corporations should be stopped from buying private residences completely. That will solve all of these problems.
Immediately same thing is happening to trailer parks in Missouri
"private" owners incorporate to protect their assets, so most rental units are owned by a "corporation".
Think that thru.
So no more rental apartments is what you're saying? Who is going to buy large apartment complexes other than corporations?
Can't fix it, its working as intended making the rich richer and those not rich poor
As a Floridian this is beyond embarrassing. We worried about transgender but not the real issues
😂
Its intentional. Get the people raging over things that they'll probably never encounter instead of the things that decrease the quality of life for 98% of Americans and people willingly lap it up.
This would be Bidenomics that caused this. Try aging Biden voter.
The more our 'leaders' say it's about the border and gays taking over your bathrooms, the more you know you are getting duped and distracted from the real issues. The ones that put money in their pockets and out of yours.
I thought it was Florida that was taking all that transgender teaching out of their schools.
$400 bucks more in Jacksonville. It’s crazy. Private investment firms should be illegal to buy housing.
Right! A $400 increase per month is insane
I really don't like that I've relocated here to Florida. For such a great state why is it so difficult to get any answers from the government about anything? I've never encountered so many scammers and fraud than here. Erie, PA has laxed laws for tenants, but here in Jax, they should be teaching the kids in school on how to spot a scam before they start participating in the economy.
The most logical decision on your part would be to move back to Erie, PA.
You're not the only one with a sense of regret about moving here. Yet it's conquerable, people are just greedy that's all
My whole family lived there for over 4 years. We couldn’t do it anymore. Moved back to my hometown in the Midwest and so glad I did. Got scammed the first month I was there lol got my money back though.
yes .. seems local government in bed w rich National ( not local) developers ‘n corporations.. smacks of corruption 🤑😈
@@fentanylanonymouslucky you! Born and raised here and I’m trying to leave.
How are these people supposed to rent something else with an Eviction on their record for 7 years?? Then what then???
How are people with bad credit supposed to buy anything? They're not. That's the way credit works. Are you suggesting that we do away with credit scoring?
@@bubbajones4522Oh brother
If someone has bad credit, they just get a friend to do the rent.
The country only cares about publishing millionaire narratives. It doesn't look at on the ground reality for most people.
Pay your bills or go live with mama
Thanks DeSantis, He's too busy fighting flower boys instead of REAL Issues 🤡
He’s a Flower Boy, but only for the Corporations and Not Residents
Exactly 💯
The article is speaking strictly about Duval County.
Florida is a successful state and you’ve had many escape there from California, New York City and other liberal cities from virus restrictions. That causes housing shortages and rent increases. Biden also let in 12 million people and they get housing too. It’s not DeSantis fault but dem policies
@stevetaxpayer6664 are you really that ignorant it's going on through the whole state
You can keep Florida. If your not rich your out of luck!
I have a nice setup in a more rural area. its not bad at all cost wise.
Florida used to be the cheap place to live in 2013. Now it costs more than California
Where ever there is weak tenant laws, there is high rents.
Rents are too high everywhere. All states.
Where there are strong tenant laws there is no housing.
And republicans in power.
@@tonyburzio4107 If that was true, all of Europe would have a population of 0
My rent went up $200. I can't wait to move out of state. This greed grab is beyond sickeing.
I have lived in Florida 40 years. Since 2021 been watching people moving out. People can’t afford it. Elderly people are starving! Rents have doubled and tripled!
My opinion is this whole mess has been plotted and planned since 2019. You will own nothing and be Happy. Biden administration on a spending spree and the printing presses are still printing money. The more that is printed the higher the inflation goes. Where it stops no one knows. Local governments raise tax assessments, insurance companies raising insurance and we will be seeing more homeless. These few years have not been normal.
*VERY ACCURATE OBSERVATION*
@@haggai3.477 THANKS!
So sad. Specially elderly people 😢
If out of state or country investors aren’t stopped Florida will become another California or New York… Most of Florida used to be down to earth normal people now crazies are set to take over… Sad
You are the investor, through your 401K or Pension. Seem different now?
Totally…not “crazies” but foreigners who have cash $$$$! And corporate real estate investors! Allow renters to use portion of rental payments as deductible on taxes and see what the outcome will be? The number one cause of increases in housing, but solutions should be attainable!
@@tonyburzio4107You’re wrong, I don’t have a 401k or any investments
Want to know who's pulling the strings? Look at companies like Blackrock. This is all happening on purpose and the big real estate holder control all the money and power!
Hear is what you don’t willfully I believe understand, you and other Floridans could only wish to be like New York where I live, New York have much much better tenant protection laws, which is why these corporations are going to states like Florida thanks to your precious governor who has done nothing to protect the Floridans citizens not to mention also unlike new York and California raise the minimum wage
The rents are high everywhere. California rent is high too. They ask tenants to make two times the rent in the past 3 years ago, now they want three times the rent.
They don't paint. The landlords don't clean up. It's not safe. The landlords don't want to fix or repair anything unless it is a leak.
Landlords are a barrier to a necessity. They’re like car dealerships but more blood thirsty
Jeez, why would anyone want to move to Florida? Florida is a MESS.
If you're a deadbeat you probably shouldn't move to Florida. Try New York or California.
@@francismarion6400Florida messier than California
@@jogmas12 Nah, Florida isn't having grocery stores close for legal looting.
Hot swimsuit babes
Yeah, such a horrible state. Definitely stay in California.
Florida has become unaffordable and way overcrowded
This is the work of Desantis... Remember that people... Republican or Democrat... These are Desantis's policies
FACT CHECK FALSE: NO basis for claim.
@@tonyburzio4107 Florida Governor Ron DeSantis last month signed into law HB 1417, a controversial piece of legislation preempting local tenant protection ordinances throughout Florida... (Summer 2023)
Be wise degenerate trolls get no respect here.
Can the government of Florida State past a law similar to California State about rent control.
@@vickyessay8899 Rent control DOES NOT work!!!!
@@vickyessay8899 Rent control laws led to fewer apartments being built which leads to housing shortages and higher rents.
This going on all across America!!
Profits over people
GOP. Greed over people.
@@outwestexplorer1966 yeppers
@@outwestexplorer1966 both sides are corrupt
And ron deSantis can implement tenant protections like rent caps, but he refuses...he is getting paid off by corporations
That backend money
Rent caps / controls of pricing only serve to reduce the number of apartment buildings that are built.
Rent caps don't work, they also stop new housing. Find out where the money is coming from, it's YOU! Your 401K or government pension.
Rent caps decrease rentable properties. Look at California's homeless situation and you can see your idea in action.
is there a cap on insurance, and property taxes that is not homestead, the employees at the properties salary?
It’s happening in Nashville too.
Let's expose who these CEO are who run these appts
Keep fighting the Mouse and the Woke Ronny. Ignore the taxpayers…and voters.