My Rent Is Going Up 62%!!

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  • Опубліковано 16 бер 2022
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КОМЕНТАРІ • 2,1 тис.

  • @chasemorris9052
    @chasemorris9052 2 роки тому +858

    70k and she’s being told to get a roommate and a second job. This is insane!!!!

    • @James-zy5lh
      @James-zy5lh 2 роки тому +216

      Agreed.
      I’m all for making sacrifices, but it’s getting to the point where even people who have done everything right, have no debt, and have good income can’t keep up with what’s happening.
      At what point are people allowed their own slice of the American Dream? Not everyone can be a doctor, lawyer, or real estate investor. $70k in Tampa should be good money (I would know as I lived there several years ago) but now it’s live in someone’s garage with a roommate money?
      It is insane.

    • @swannyriver75
      @swannyriver75 2 роки тому +69

      I so agree !! 70k her rent should be easy peasy unless she has a lot of debt I wouldn't need a roommate if I made 70k a year

    • @pamelalima5401
      @pamelalima5401 2 роки тому +20

      New times

    • @pamelalima5401
      @pamelalima5401 2 роки тому +29

      @@James-zy5lh welcome to Florida…

    • @SixFootofFitness
      @SixFootofFitness 2 роки тому +22

      My thoughts exactly!Why can’t she make her rent?? I must be missing something? Does she have crazy debt?

  • @KB-sg7tv
    @KB-sg7tv 2 роки тому +1391

    I just cannot have a roommate. Does anyone else feel the same? Having a roommate sounds like an absolute nightmare to me. I'd rather spend more money to have my peace. Having peace at home is priceless.

    • @zandercruz3487
      @zandercruz3487 2 роки тому +51

      Well....ok?
      Have one and deal or stop complaining about not being able to afford the place.

    • @KB-sg7tv
      @KB-sg7tv 2 роки тому +188

      @@zandercruz3487 where did I complain about not being able to afford..?

    • @euenfheiejrj
      @euenfheiejrj 2 роки тому +4

      Nope I loved it.

    • @KB-sg7tv
      @KB-sg7tv 2 роки тому +183

      @@euenfheiejrj I guess I'm just used to the peace and quiet, and nobody else making a mess in the kitchen, leaving their shoes around, talking on the phone, etc. The money savings would be a plus, but I guess I'm just the kind of person who needs my own space.

    • @krobdawg
      @krobdawg 2 роки тому +29

      Same

  • @Teamshmo
    @Teamshmo 2 роки тому +1057

    It is crazy to me that $70k a year and an executive assistant job is now needing to live in a shack with a roommate to survive.

    • @ThreePinkButtons
      @ThreePinkButtons 2 роки тому +118

      This. This. This.

    • @llcross04
      @llcross04 2 роки тому +125

      She probably has car debt, student debt and medical bills. That’s the story of too many adults nowadays

    • @Lady.Luck.
      @Lady.Luck. 2 роки тому +11

      Depends on where she lives I guess. This doesn't have to be her fate.

    • @Run4Ever77
      @Run4Ever77 2 роки тому +29

      Don't forget it is not just "to survive". It is to dig herself out (in a timely manner) of whatever debt hole she is in.

    • @youtubificationizer
      @youtubificationizer 2 роки тому +45

      Here comes the shaming of the poor

  • @JefferyHunt
    @JefferyHunt 2 роки тому +403

    no one should have their rent raised that much out of the blue. That is just inhumane.

    • @CoraLobodzinski
      @CoraLobodzinski 2 роки тому +15

      same happened to me

    • @Clintsessentials
      @Clintsessentials 2 роки тому +7

      Agree

    • @LucasFernandez-fk8se
      @LucasFernandez-fk8se 2 роки тому +5

      It’s because of the housing bubble and the boom in Florida. If demand is sky high rents go up. I feel bad for this poor woman but still, it’s just basic logic.

    • @JefferyHunt
      @JefferyHunt 2 роки тому +35

      @@LucasFernandez-fk8se rent doesn’t go up by itself. Assuming there’s a mortgage on the property, do you think the mortgage suddenly got higher? The landlord had to actually raise the rent. What the landlord did here is unbiblical. A moderate raise in rent over time to keep up with rising maintenance and utility costs is reasonable. If someone moves out, by all means, get what you can for the place. But don’t price someone out who already lives there and is a good tenant.

    • @corneliuswhite5139
      @corneliuswhite5139 2 роки тому +4

      @@JefferyHunt Bingo.

  • @ghackney9549
    @ghackney9549 Рік тому +95

    Getting a roommate is always a terrible idea. The wrong roommate can cost you a lot more than just money.

    • @libgurl01
      @libgurl01 5 місяців тому +1

      Sorry of my life.

    • @chuckokoye2410
      @chuckokoye2410 4 місяці тому +2

      that kind of logic is kinda stupid tho…. marrying the wrong the person can also ruin your life, does that mean getting married is always a terrible idea? you just gotta choose these people wisely

    • @ghackney9549
      @ghackney9549 4 місяці тому

      ​@chuckokoye2410 Did you just compare marriage to having a roommate?

    • @chuckokoye2410
      @chuckokoye2410 4 місяці тому +2

      @@ghackney9549 the point went right over your head, no surprise there. but I’ll explain and make it easier for you to understand: just because something can be risky, doesn’t make it a bad idea

    • @ghackney9549
      @ghackney9549 4 місяці тому +1

      ​@@chuckokoye2410God bless the woman that marries you. You'll probably try and charge her rent.

  • @JL-fo9rz
    @JL-fo9rz 2 роки тому +258

    No wonder why over 60% of young adults live with their parents with all these insane prices.

    • @beatrixaltenberg5135
      @beatrixaltenberg5135 2 роки тому +6

      It is a wonder to me indeed, because rent is affordable when sharing a place. Nobody should move out and expect that they can rent a penthouse. That just means they need to grow up fast, and the best way to grow up is to move out and live on your own. Living with your parents just keeps you a little kid and too many are trying to escape responsibility nowadays by wanting to live like a little child. You can, but then truly live like one, live by the rules of your parents, no fun for you which only adults are allowed to have, go to sleep when your parents tell you to and so on and on. You have no right to burden your parents with paying for you while you sit in their house whining about how difficult life is for you when you just refuse to carry responsibility and burden others. I am sure you will not like what I said, but there are those who sit at home with their parents, doing nothing at all and then there are those out there managing to pay their rent, all at the same age. What is your excuse? Rent? The rent others your age manage to pay? Your question is what is wrong with the rent, but my quesiton is what is wrong with you? Ok, bye.

    • @lunallena5594
      @lunallena5594 2 роки тому +19

      Young, even single and working adults are struggling!

    • @TheWalamala
      @TheWalamala 2 роки тому +5

      @@beatrixaltenberg5135 YA cause calis rent is the exact same as memphis

    • @eckankar7756
      @eckankar7756 2 роки тому +15

      Maybe it's a good thing to be so less independent and become a multi generational family unit again. It was that way for thousands of years until the late 1940s...now the pendulum swings back the other way.

    • @confusednamused1161
      @confusednamused1161 Рік тому +25

      For real, we are asking 18 year Olds to go work at McDonald's and move out. The math just isn't there.

  • @jimkiser1429
    @jimkiser1429 2 роки тому +188

    The lady mentioned something very important. She works at home. Which means moving away into more affordable areas has NO disadvantage as far as daily access to her job. A HUGE thing.

    • @ronicaleffall637
      @ronicaleffall637 2 роки тому +31

      Although remote, some jobs require you to stay in a certain radius for meetings and other in-office responsibilities. If her company doesn’t have this rule, you’re absolutely right!

    • @zoenavarro7393
      @zoenavarro7393 2 роки тому

      good point

    • @stephenriggs8177
      @stephenriggs8177 2 роки тому +6

      What happens if you get laid off? You have to move, or you're limited to other remote jobs. I work remotely, but I'm close enough to a major city that I could resume that dreaded commute, if I had to. Once I retire, the whole country (and perhaps beyond) is fair game.

    • @rickmerritt8273
      @rickmerritt8273 2 роки тому +1

      DR hates remote work btw

    • @kristinab1078
      @kristinab1078 2 роки тому +1

      @@rickmerritt8273 Why does he hate it?

  • @lionesslisa8000
    @lionesslisa8000 2 роки тому +210

    My son lives in Austin Texas. Rent in 2020-$1400
    Rent now-$2100 and was told it will be $2500 later this year if he renews his lease. His apartment is about 800 square feet. He has no debt so his military advisers told him to buy a house. Rent is crazy.

    • @TeenRoomDecor
      @TeenRoomDecor 2 роки тому +12

      That's insane!! My brother lives in Austin and his rent has increased astronomically too :(

    • @lisagavin3402
      @lisagavin3402 2 роки тому +10

      Same exact thing happening here in Stuart, Florida 🤬

    • @sofiarangel1315
      @sofiarangel1315 2 роки тому +4

      Yikes!

    • @joelcleare
      @joelcleare 2 роки тому +2

      WTH !!

    • @rogeliobarraza1772
      @rogeliobarraza1772 2 роки тому +13

      Wth rent is just as high in Austin? I live in the Bay Area. I thought Texas was cheap!

  • @texasgina
    @texasgina 2 роки тому +102

    In December my rent went up $67. Groceries have gone up gas has gone up. I’m 56 years old and I’m working two jobs and working seven days a week just to live

    • @bev7236
      @bev7236 2 роки тому +10

      Maybe it's time to move somewhere you can afford. There's some places that people just can't afford to live in anymore. We left Seattle area for Midwest and best move we ever made. We didn't do it for affordability at the time but it sure paid off in that regard lol.

    • @texasgina
      @texasgina 2 роки тому +9

      @@bev7236 lol I left Southern California

    • @bdan6954
      @bdan6954 2 роки тому

      Elections have consequences

    • @jeffyeager1997
      @jeffyeager1997 2 роки тому +1

      @@texasgina Get a better paying job🤷‍♂️

    • @wintersonnet
      @wintersonnet 2 роки тому +14

      @@jeffyeager1997 I'm sure she's doing the best she can, Jeff.

  • @jckid66
    @jckid66 2 роки тому +167

    Wake up Dave !!!!! Rents in MANY cities have doubled

    • @beatrixaltenberg5135
      @beatrixaltenberg5135 2 роки тому +6

      Did he say at any point that rents did not increase? What is your point here for real?

    • @jmorris023
      @jmorris023 2 роки тому

      you realize he's 100% good with that right? He just kicked some poor pregnant lady out of one of his rentals. Dude is a cut-throat capitalist masquerading as a friendly grandpa. Guy is rotten inside.

    • @conman823
      @conman823 Рік тому +10

      LOLOLOL He's a multimillionaire who makes money off of desperate people. He doesn't know about real life anymore

    • @bjthedjdutchdude1992
      @bjthedjdutchdude1992 Рік тому +1

      Even gas went up in Europe

    • @grahamcarmichael6567
      @grahamcarmichael6567 2 місяці тому +2

      @@beatrixaltenberg5135 Dave was shocked that the price went up so high. He’s out of touch.

  • @gustave9402
    @gustave9402 2 роки тому +203

    “They are not being crooks”. Yes they are!! Increasing rent by 62% is being a crook. This actually worries me. How are we suppose to live like this? It’s not easy to “get a second job” when I’m already work 40+ hours. Even making 60K a year this rent is unaffordable. Dave Ramsey is out of touch. This are not the 90s anymore.

    • @sarahaubrey320
      @sarahaubrey320 2 роки тому +21

      Also most jobs want a flexible schedule anyway! Its so hard to get a second job especially if you do not have open availability.

    • @bigfoot2547
      @bigfoot2547 2 роки тому +18

      Im guessing from his go to advice get a roomate stay in and old ladies garage this is advice hes using from when he was in his 20s and the year was probably closer to the 60s

    • @Tony-hx2fj
      @Tony-hx2fj 2 роки тому +4

      if you are making 60 k a year you should have bought your own. then you will know first hand how much property tax, home owners insurance, new roof , water heater cost. why didnt you buy 3-4 years ago . Florida was relatively cheap, interest rates were next to nothing.

    • @michelledawnharpist
      @michelledawnharpist Рік тому +6

      @@sarahaubrey320 yeah! i was just applying to more jobs, and they all want what i call the 'fake full time hours' of 37.5 hours (so they don't have to give benefits!!!) and how are you supposed to work two 37.5 hour jobs a week that want you at around the same times?!

    • @terrid1030
      @terrid1030 Рік тому +2

      Florida home insurance just went crazy..most companies are pulling out all coverage in FL.

  • @exceedinglyaverage1179
    @exceedinglyaverage1179 2 роки тому +199

    Watching America burn right in front of our eyes 😔

    • @beatrixaltenberg5135
      @beatrixaltenberg5135 2 роки тому +2

      I think it is called sunlight. You need to relax a bit! It is really bad for your health and happiness to stress out so much.

    • @7318ify
      @7318ify 2 роки тому +13

      And this is only the beginning. We will soon have a generation of permanent renters with no generational wealth if we don't get our act together

    • @ds5651
      @ds5651 2 роки тому +3

      Are you a student of history. This is nothing lol

    • @sashamoore9691
      @sashamoore9691 2 роки тому +7

      Name a developed country tht isn’t going through the same thing.. I’ll wait

    • @mellamojeff458
      @mellamojeff458 Рік тому

      @@sashamoore9691 hmmm...
      I wonder why

  • @itsjuliehoran
    @itsjuliehoran 2 роки тому +68

    I’m a 23 y/o young professional just getting into a great area of my career. I make 60k+ per year, and i’m stuck with nowhere to go because there is nothing safe to live in my area (or even with a 1-2 hour commute to work) that’s less than $1,800-1,900. I am so unbelievably frustrated, angry, and heartbroken. The nerve of these landlords asking $1,700+ for a unit with no windows, some with NO KITCHENS, but ‘comes with a hot plate!’
    How much money do people need to make do be comfortable?

    • @MSV667
      @MSV667 2 роки тому +5

      120k

    • @invaderjoshua6280
      @invaderjoshua6280 2 роки тому

      In order to afford $1700-$2300 a month like your area needs you would need to earn in the $70k+ area to get to the golden rule of around 30% income or less on rent. Good luck but I would highly suggest moving to a new place entirely.

    • @itsjuliehoran
      @itsjuliehoran 2 роки тому +11

      @@invaderjoshua6280 I can’t. I work here, my family and friends are here, my whole life is here. I’d have to quit my job and abandon my entire support system.

    • @mylesgray3470
      @mylesgray3470 2 роки тому +5

      I would get a 2 bedroom apartment or townhouse rent out the 2nd room to someone. Just post room for rent and interview the applicants. That’s what I did after my divorce when money was tight. I had to swallow my pride and come to terms with the fact that having my own place just didn’t give me a workable budget, even though I was an experienced engineer with a decent salary. When I got a better job and got out of debt, I upgraded.

    • @Jbig1430
      @Jbig1430 2 роки тому +6

      @@invaderjoshua6280 You do realize that to pay $2300 which is suppose to be 1/3 of your monthly income you need to make $82,800 per year after taxes. Meaning you need to earn $110K per year so after taxes you end up at $84K a year.

  • @thatclutchgaming1059
    @thatclutchgaming1059 2 роки тому +94

    Never had a good experience with roommates. If you can avoid having one, do it and save your sanity

    • @EvangelismforGod
      @EvangelismforGod 2 роки тому +4

      So true!

    • @MaurElle11
      @MaurElle11 2 роки тому +3

      Same.. strangers is never a going idea in Florida

    • @richthepup
      @richthepup 2 роки тому +2

      💯

    • @heidithaw1072
      @heidithaw1072 2 роки тому +3

      @@MaurElle11 I have been to Florida multiple times for work and I really do not get the attraction.

    • @Lady.Luck.
      @Lady.Luck. 2 роки тому +4

      It can definitely be a nightmare. I had a few nightmares and one really good one.

  • @lindakay1700
    @lindakay1700 2 роки тому +114

    Rents everywhere in Oklahoma City are increasing 40% or higher. There’s no where to move for less. This is a nationwide nightmare….

    • @sharonfleshman6961
      @sharonfleshman6961 2 роки тому +3

      Part of that is remote work. People can pick up and move while keeping their job... and higher city salary.

    • @DANIELSAM329
      @DANIELSAM329 2 роки тому +2

      Oklahoma is the state with the cost of live more cheap in all usa

    • @swannyriver75
      @swannyriver75 2 роки тому +2

      I'm in South Florida I bet the rent is still cheaper I might be moving to Oklahoma or Kentucky because I just can't afford it anymore

    • @DANIELSAM329
      @DANIELSAM329 2 роки тому +1

      @@swannyriver75 same thing I gonna move to oklahoma or arkansas en few months

    • @Jake-go8pz
      @Jake-go8pz 2 роки тому

      It is called inflation....when everything goes up, this is what you get.....landlords get increases in insurance, property taxes, lawyers fees, property management fees, repairs, cleaning, etc. If life were so simple...."My rent is going up just because the landlord wants more money". SMH.

  • @xekret
    @xekret 2 роки тому +224

    My rent went up $90 and I was upset about it but after hearing her I am not going to complain at all! Good luck to her!

    • @ConsiderTheCrows
      @ConsiderTheCrows 2 роки тому +4

      It will go up again next year. Then what?

    • @xekret
      @xekret 2 роки тому +11

      @@ConsiderTheCrows I guess I'll move under a bridge or something....

    • @greenearthblueskies8556
      @greenearthblueskies8556 2 роки тому

      @@xekret nooo 🙏🏽

    • @nichellej1118
      @nichellej1118 2 роки тому +4

      Same here, my rent is going up $116 smh

    • @jazameister3085
      @jazameister3085 2 роки тому +17

      just because other people have it worse doesn't mean your problems don't exist, $90 increase is still absurd

  • @lesleeaga9568
    @lesleeaga9568 2 роки тому +126

    Even if she finds a needle in a haystack she’s going to be competing against 100+ other applicants; good luck with that.

    • @pkendlers
      @pkendlers Рік тому

      Miracles happen. It happened to us. Don't give up and be in a good position for when your opportunity comes.

    • @AK-jt9gx
      @AK-jt9gx 11 місяців тому

      @@pkendlersthat’s wonderful that it happened for you, but this is a systemic issue and only getting worse. I’m sure there were 50 other applicants that didn’t get that miracle apartment at that amazing price that you rented, and those people still need housing at a fair price too. I’m not blaming you for that of course, and I’m glad you found something, just remember it’s a societal problem still.

  • @KevinGonzalez-vz7rz
    @KevinGonzalez-vz7rz 2 роки тому +178

    Currently I am living in a 1/1 rental apartment here in Palm Beach County which I leased back in 2011…..
    First year rent $1000/month
    Current rent $1500/month
    Current renewal offer $2200/month
    Thankfully I “saw the light” during the pandemic and opted to buy and build new construction in an “up and coming” area here in Palm Beach County. Yes, I did finance FHA with only 3.5 percent down but for Me, it was either go that route or walk away from Florida, My Family, and My Job, all of which are very important to Me.
    Dave does not understand and never will understand how it works for “average folks” in certain parts of the United States because he doesn’t have roots in those parts of America. Essential workers need “workforce housing” and yes NO ONE is entitled to own a home but when renting becomes next to impossible because of greed on the part of others, that’s a problem that without resolution is a recipe for disaster in all walks of life.

    • @alinatamashevich3354
      @alinatamashevich3354 2 роки тому +12

      So making a profit is greed? Do you spout that at the grocery store or gas station as well? Build your own apartments and see how low you can rent them out for.

    • @jtowensbyiii6018
      @jtowensbyiii6018 2 роки тому +19

      @@alinatamashevich3354 re read it and cry, I mean try again

    • @alinatamashevich3354
      @alinatamashevich3354 2 роки тому +3

      @@jtowensbyiii6018 You first.

    • @healthyandrew5294
      @healthyandrew5294 2 роки тому +9

      Man I remember graduating high school in Palm Beach and rent was $700.

    • @sbentsen2714
      @sbentsen2714 2 роки тому +3

      Well said, I completely agree

  • @TstormVA2012
    @TstormVA2012 2 роки тому +270

    I'm concerned at Dave's of gosh attitude to this topic. He knows that private companies are buying up properties and landlords are price gauging.

    • @Lady.Luck.
      @Lady.Luck. 2 роки тому +49

      Maybe? Sometimes I think he stays with his head buried in the sand and oblivious to a lot of current costs that the regular folk are dealing with

    • @raallen1468
      @raallen1468 2 роки тому +39

      @@Lady.Luck. I like how he had to brag about how expensive HIS neighborhood is compared to the rest of TN & the USA.
      How arrogant.....
      Remember... he got a "new start" financially by taking bankruptcy to dismiss his debts, but he tells other folks to NEVER take bankruptcy. 🙄🙄

    • @raallen1468
      @raallen1468 2 роки тому +5

      @Budda Brotha Bingo!

    • @Dread_Pirate_Homesteader
      @Dread_Pirate_Homesteader 2 роки тому +18

      not shocking how out of touch he is....

    • @raallen1468
      @raallen1468 2 роки тому +5

      @@Dread_Pirate_Homesteader He's just another member of The Elite Class in the USA; looking down their egotistical noses @ the Working Class. The Elites tell the Working Class if we don't like paying $4+++ for a gallon of gas, then just buy an Electric vehicle!!!
      News flash!!!! If I can't afford to fill my car with $4 a gallon gas, how the H am I supposed to afford $60-70+++K for an Electric car?!?!?!? 🙄

  • @bookmagicroe9553
    @bookmagicroe9553 2 роки тому +118

    My son's rent is going up $1000 a month. The penalty for late payment is going from $ 50 to $120. If he goes
    month to month they will add another $500 to the $1000 rate hike. Gouging.

    • @Lady.Luck.
      @Lady.Luck. 2 роки тому +8

      😳

    • @boombaman31
      @boombaman31 2 роки тому +7

      Wow 😮

    • @FUNNYBUNNI1
      @FUNNYBUNNI1 2 роки тому +22

      Wow! I think landlords that are raising prices that high do it o. Purpose to try to kick out the tenant so they can later get a new one and charge more

    • @Monipenny1000
      @Monipenny1000 2 роки тому +11

      @@genxx2724 no it didn't. When families were moving in together, that created a surplus in available rental homes causing desperate landlords to reduce rents. Following the 2008 housing crash, landlord's, at least in my area (NE Ohio, not a high rent area) were reducing rents on average of $100/mo. I've been a landlady since 1987.

    • @rodrigosanroman5858
      @rodrigosanroman5858 2 роки тому +2

      if the late payment penalty going up concerns you or your son sounds like y'all are bad tenant. I have never been concerned of late payment penalties going up. Sounds like the landlord wants your son out because he keeps paying late.

  • @Damon-qt3fw
    @Damon-qt3fw 2 роки тому +112

    Bought right after bubble burst in 2009. Paid $75k for a three year old house 1825 sq ft. In 2016, i sold it for $140k. Bought my current house in a much nicer area for $177k with a $34k down payment. Sitting on a $550 mortgage payment.
    I bought at the right time. Had we waited a year or so, there would have been no way to afford a home; renting or otherwise.

    • @alexpeguero38
      @alexpeguero38 2 роки тому +7

      What state are you buying so cheap?

    • @Finx436
      @Finx436 2 роки тому +11

      May be Guatemala lol

    • @toeachitsown2050
      @toeachitsown2050 2 роки тому +4

      I am happy for you, but angry that HOUSING is so volatile. Stupid me for thinking housing had any basis in reality

    • @AMarie_USA
      @AMarie_USA 2 роки тому

      exactly, a lot of this is timing it right and ACTING immediately at that time. In 2014 I bought a 41K house (1960's solid build, nothing special to look at but in good shape), sold that made like 22K, not much but enough to move away to another state and buy a 117K small home (2br, yard, etc., newly renovated, new roof and fence) and I pay less than most and wake up feeling blessed every day.

    • @Damon-qt3fw
      @Damon-qt3fw 2 роки тому +3

      @@generalvanman8270 who was anything was your fault? I was saying my timing was good because now it would be slim to none. If you did have to lay blame, blame your parents. They should have gotten biizzzaaayyyyy sooner.

  • @Vydio
    @Vydio 2 роки тому +152

    Dave, I don't think there are a lot of garage apartments in the back of rich old ladies houses around these days.

    • @Run4Ever77
      @Run4Ever77 2 роки тому +1

      She only needs one.

    • @dexterm1285
      @dexterm1285 2 роки тому +30

      They do exist but typically rich people dont want strangers living on property.

    • @Vydio
      @Vydio 2 роки тому +12

      @@dexterm1285 I would think they'd rather be renting to family or close friends.

    • @Vydio
      @Vydio 2 роки тому +1

      @@Run4Ever77 I hope she finds it.

    • @EvergreenVB
      @EvergreenVB 2 роки тому +1

      They're now called ADUs, or JADUs actually if we're talking about attached garage apartments.

  • @wreckingopossum
    @wreckingopossum 2 роки тому +261

    A 62% rent increase is the same thing as an eviction notice. Except an eviction notice is friendlier.

    • @otrebla8944
      @otrebla8944 2 роки тому +2

      Lol

    • @nicholeknight1893
      @nicholeknight1893 2 роки тому +11

      Facts!!!! They want to get rid of her. Was she paying during the pandemic? 🤔

    • @user-tb7rn1il3q
      @user-tb7rn1il3q 2 роки тому +5

      Rent always goes way up. This is nothing new.

    • @americafirst9144
      @americafirst9144 2 роки тому +3

      Some communities and states have laws that limit the amount that rents can rise. Landlords don't always obey these laws.

    • @wreckingopossum
      @wreckingopossum 2 роки тому +13

      @@user-tb7rn1il3q Yes, rent always goes up. Rent, however does not go up by 62% per year, or even in one year.

  • @juanjon915
    @juanjon915 2 роки тому +594

    Feel bad for the people Dave told not to buy a house pre pandemic and now same people have ridiculous rents that are way more than owning a house would cost 😂

    • @appliancedude63
      @appliancedude63 2 роки тому +152

      He won't admit to his bad advice.

    • @dcg590
      @dcg590 2 роки тому +74

      If they couldn’t afford it before they can’t afford it now either. It’s not his fault

    • @MeadowDay
      @MeadowDay 2 роки тому +37

      He’s unfortunately not a fortune teller

    • @TrollinOn22s
      @TrollinOn22s 2 роки тому +93

      I bought pre-pandemic when i saw where rent around me was headed. With a mortgage you control your destiny, instead of renting where the landlord controls your destiny.

    • @juanjon915
      @juanjon915 2 роки тому +42

      @@TrollinOn22s exactly I thankfully also bought pre pandemic and refinanced it to a lower apr cutting off 10 years from my mortgage and my mortgage is 685 a month and house value sky rocketed to 160k I bought the house for 70k i did put like 20k into it all financed but all the loans are practically paid off now , I’m glad I didn’t listen to Dave 😀

  • @mommabear2544
    @mommabear2544 2 роки тому +84

    Fun fact. The governor of florida REFUSED to sign a bill that would cap how much someone could raise rent in the state of Florida. THAT is why this is happening. I have quite a few friends going through this right now. With no end in sight.

    • @toeachitsown2050
      @toeachitsown2050 2 роки тому +5

      Its happening everywhere

    • @mommabear2544
      @mommabear2544 2 роки тому +11

      @@toeachitsown2050 You are correct. But other states have laws in place to put a cap on how much rent can increase. Florida doesnt have that law. So rent prices in Florida are going up, on average, 60%

    • @greenearthblueskies8556
      @greenearthblueskies8556 2 роки тому +4

      Exactly, now stop blaming Cali 🙄

    • @bdan6954
      @bdan6954 2 роки тому

      It's almost like Florida's population is exploding and causing more demand for housing.
      BuT LeTs cAuSe a BiGgEr HoUsInG sHoRtAgE WiTh rEnT cOnTrOls

    • @mommabear2544
      @mommabear2544 2 роки тому +1

      @@greenearthblueskies8556 Who is blaming California?

  • @Soljarag5
    @Soljarag5 2 роки тому +119

    Here we go again. Dave thinks there are all these cheap garage apartments

    • @Meanoldwoman2013
      @Meanoldwoman2013 2 роки тому +19

      No such thing and there hasn't been any of them for decades.

    • @tingletreatment2644
      @tingletreatment2644 2 роки тому +44

      He's a boomer. He gives out outdated financial advice.

    • @pamelalima5401
      @pamelalima5401 2 роки тому +13

      Many associations don’t allow roommates anymore

    • @shannon2748
      @shannon2748 2 роки тому +9

      He's an old boomer stuck in 1960ville.

    • @sherylmohn6334
      @sherylmohn6334 2 роки тому +2

      Dave is unrealistic he's in his own world

  • @danielle22226
    @danielle22226 2 роки тому +85

    This is the main reason I bought my house years ago. I was tired of relying on someone to provide a roof over my head. Non less relying on an unknown person or corporation housing me.

    • @dsa2591
      @dsa2591 2 роки тому +17

      Not all of us have the income or savings to buy a home. Plus, I don't want the maintenance.

    • @jasminek6632
      @jasminek6632 2 роки тому +4

      @@dsa2591 homes do come with maintenance that I agree with. I have shelled out money in the old home I purchased but I knew that coming in. Also I did not have a lot of money or savings when I purchased I actually got a few thousand back at closing which I used for some of those Maintenance repairs. As much as the issue with maintaining a house can be I would rather do it than deal with a landlord and I was a longterm renter more than 20 years of renting.

    • @eckankar7756
      @eckankar7756 2 роки тому +2

      @@dsa2591 You pay for the maintenance in your rent check plus you pay the landlord additionally for them to call in the plumber, AC, roofing. You just write one check a month but every bit of maintenance is paid by the tenant. If you didn't have money for a home, per Dave's baby steps, then you invest in yourself so you can earn more. I was not college material but I was hairdresser material. I went from 7-11 selling Big Gulps to hairdresser working 60 hours a week for 20 years to buy a house, rental properties, investments, kid's college.

    • @susanarsoniadou3588
      @susanarsoniadou3588 Рік тому

      @@jasminek6632 A house sold for ,$700 in the South

    • @theamazingempiricist
      @theamazingempiricist Рік тому

      I'll just go back in time and bring my current salary with me, thanks for the advice!!

  • @ugcamige
    @ugcamige 2 роки тому +27

    And this is why your 25% income only to a mortgage rule needs to be adjusted... Ppl paying more in rent than they would on a mortgage and going no where

  • @sherylcastro5688
    @sherylcastro5688 2 роки тому +21

    I have not increased my rent dues for my tenants for the 3rd yr. now. I have a heart, your landlord does not. Get out of there. You deserve better

    • @zandercruz3487
      @zandercruz3487 2 роки тому +1

      What does that have to do with anything?
      Just because you basically adopted your renters out of emotional reasons doesnt mean the other landlords magically dont have expenses they have to meet.
      H3ll show some real "heart" and dont charge them anything. And if not....why not?

    • @FR-tb7xh
      @FR-tb7xh 2 роки тому

      @@zandercruz3487 OP has a ‘Messiah Complex.’ And is playing the ‘holier-than-thou’ card. I’m not buying it, either.

    • @Tybward
      @Tybward 2 роки тому +1

      A landlord risking their money to provide housing for individuals is loving enough. If the tenant doesn’t like prices, they can go elsewhere.

    • @samuelwilliams7331
      @samuelwilliams7331 2 роки тому +1

      God bless you

  • @karimelmoutawakil7295
    @karimelmoutawakil7295 2 роки тому +59

    It's crazy that a married couple with 70k household income need a roommate because of stupid high tax rates and inflation hope they can raise their income soon.

    • @donaldlyons17
      @donaldlyons17 2 роки тому +10

      @Fornjotur Von Kvenland I am guessing you are in a high cost of living area.

    • @msi8311
      @msi8311 2 роки тому +1

      @Fornjotur Von Kvenland Living in Seattle with that problem. Not staying with family but you need a very high income to afford a home.

    • @cluebin8398
      @cluebin8398 2 роки тому +9

      @@donaldlyons17 Yes, that high cost living area is called America

    • @eckankar7756
      @eckankar7756 2 роки тому

      @Fornjotur Von Kvenland "My wife and I"

  • @KMF3
    @KMF3 2 роки тому +298

    Dave's head is in the sand. EVERYTHING EVERYWHERE IS GOING UP. We are in a crisis in this country. I've been disappointed with him since the beginning of the pandemic. He seems to be clueless as to what is going on.

    • @gwendolyn9308
      @gwendolyn9308 2 роки тому +25

      I'm in Canada and our rental prices are also increasing in my province by about the same percentage. It's insane. Very glad to own my own, mortgage free.

    • @Mitzi73
      @Mitzi73 2 роки тому +18

      But people still need solutions. He isn’t clueless he is just trying to get people from point A to point B.

    • @ImDahDude
      @ImDahDude 2 роки тому +50

      Agreed but it’s because he’s rich.

    • @herbiehusker1889
      @herbiehusker1889 2 роки тому +68

      It's the Great Reset, but Dave thinks that's just a conspiracy.

    • @tonia2483
      @tonia2483 2 роки тому +19

      Yeah I'm trying to buy a house and as soon as I see one I'm even remotely interested in it's gone. I'm not going to rush in to getting my 1st house.

  • @John-bd9fj4435
    @John-bd9fj4435 3 місяці тому +149

    investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?

    • @John-bd9fj4435
      @John-bd9fj4435 3 місяці тому

      Thanks for the efforts you put in these. I found her and i leave her a message i await a response

  • @staceystrukel1917
    @staceystrukel1917 2 роки тому +26

    This is happening all over the country.

  • @abbyoneill4473
    @abbyoneill4473 2 роки тому +22

    I disagree, I think they ARE scamming her actually. The landlord either owns the building or has a mortgage. Either way, their monthly expenses aren’t going up much besides for renovations or maintenance. Not going up 60% though. I’m a landlord and if I have a good tenant I never increase the rent. I’m not trying to get rich off that investment.

    • @frozentundra7446
      @frozentundra7446 2 роки тому

      Dear Abby, as mentioned in the videio, it is what the maket is dictating - hello?

  • @reversesnowbird
    @reversesnowbird 2 роки тому +176

    We are 100 miles south of Tampa and a studio apartment is $1700/month here. It’s a big problem here in FL. Wages don’t match the rent and transplants from out of state a prepaying a year’s worth of rent in advance thus pushing the locals out.

    • @caridadrevilla2439
      @caridadrevilla2439 2 роки тому +7

      Yes. I'm in Palm Beach County and there is a definite housing shortage. The rents have sky rocketed. Many many new people have moved to our county.

    • @handsomebarber424
      @handsomebarber424 2 роки тому +11

      I’m in California and that’s the price for a studio here , I’m pretty sure 2500 for a studio is very possible

    • @w7855
      @w7855 2 роки тому +22

      It’s a problem all over

    • @seansurfn2
      @seansurfn2 2 роки тому +39

      elections have consequences

    • @MaurElle11
      @MaurElle11 2 роки тому +10

      Exactly. Most people work at low wage or low salaries.

  • @BretWickstrom
    @BretWickstrom 2 роки тому +230

    This is going to continue to get a LOT worse. Ramsey has been ignoring the severity of inflation for a long time. He thinks his steps of being a money miser is going to get EVERYONE through this economic disaster. It will help for some but it still puts many at a HUGE risk that he continues to ignore.

    • @appliancedude63
      @appliancedude63 2 роки тому +32

      He won't admit to giving bad advice.

    • @chrisabreu5088
      @chrisabreu5088 2 роки тому +48

      Not only that all of his solutions is grab a part time job. meaning have no life just to have a roof

    • @greenearthblueskies8556
      @greenearthblueskies8556 2 роки тому +5

      @@chrisabreu5088 💯

    • @themamabearlife3339
      @themamabearlife3339 2 роки тому +5

      Then why do you listen to him?

    • @themamabearlife3339
      @themamabearlife3339 2 роки тому +15

      @@chrisabreu5088 You do what's important to you. If going out & having fun is your top priority, then you may suffer financially for that... If financial security is your top priority, then your social life may suffer in order to gain that. 90% of millionaires are self made. They sat in their garage by themselves working, while everyone else was out having fun. You're not a victim. Your life is effected by your choices, & what's important to you.

  • @PInk77W1
    @PInk77W1 2 роки тому +58

    My landlord said she was gonna double my rent
    So I moved to Texas and bought a home cash
    $23k. Best thing I ever did

    • @ykciR
      @ykciR 2 роки тому +56

      23k when did you buy that? In the 1700s?

    • @noshrinkingviolet007
      @noshrinkingviolet007 2 роки тому +1

      Where did u buy?? I want to buy a hm in TX but housing prices are high rn.

    • @thedudeabides1443
      @thedudeabides1443 2 роки тому +20

      Does your $23k home have a roof or foundation?

    • @PInk77W1
      @PInk77W1 2 роки тому +1

      @@noshrinkingviolet007
      Coleman Tx
      They literally have homes with
      FREE HOME painted on it.
      But it’s probably needs a lot of work

    • @PInk77W1
      @PInk77W1 2 роки тому

      @@ykciR July 30 will be my 2yr anno

  • @charletfoster8917
    @charletfoster8917 2 роки тому +92

    This crazy rent hike is unethical; salaries are not going up

    • @done3732
      @done3732 2 роки тому +5

      You would be crazy not to raise rent

    • @pamelalima5401
      @pamelalima5401 2 роки тому +1

      Investors don’t care

    • @beatrixaltenberg5135
      @beatrixaltenberg5135 2 роки тому +1

      Yeah, right? And the companies excuse their higher prices for what they are selling with having to pay higher salaries, which they are not even doing

    • @Jake-go8pz
      @Jake-go8pz 2 роки тому

      Professor......Supply and demand.....home prices are skyrocketing in the Tampa area. So, prices go up, landlord insurance rates go up, county property taxes go up, the repairman's prices skyrocket, the lawyer.... used to evict and serve tenants that trash the place...goes up, maid/cleaning services go up, replacement appliances/parts go up. Burn some brain cells.....

    • @eckankar7756
      @eckankar7756 2 роки тому +1

      SOMEONE is able to afford those high rents obviously. I am assuming there are droves of potential tenants with fists full of dollars happy to pay those high rent payments. I'm guessing if the property owners CAN get higher rent they SHOULD get higher rent. It's a business not a charity. Maybe have these deadbeat churches with their tax breaks house homeless...that's what they preach about JC and his 12 buddies...put your faith on the line...lets see churches step up.

  • @craigslistrro709
    @craigslistrro709 2 роки тому +22

    My house is paid off, and im debt free... It's very easy to empathize with people who are seeing the trouble ahead..I have been thinking of ways to help people anonymously..

    • @SimbolicProductions
      @SimbolicProductions 2 роки тому

      Who asked you about your situation?

    • @eckankar7756
      @eckankar7756 2 роки тому +1

      Good for you, you walked the steps and again they worked.

  • @ashleyb1091
    @ashleyb1091 2 роки тому +12

    I live in SC and my rent for a 2 bedroom is 1100 and when I looked at the same layout as my apartment on the website my layout is 1500. People that are coming renting my same apartment are paying 400 dollars more. So I’m worried in the next few months when my lease ends

  • @MegaNiQ
    @MegaNiQ 2 роки тому +78

    My aunt is a broker in Tampa, this is happening all over middle FL. I absolutely hate it

    • @drachireidnoc6659
      @drachireidnoc6659 2 роки тому +1

      Ah yes the negotiator

    • @MegaNiQ
      @MegaNiQ 2 роки тому

      @@Brian-dh9lp i do, you wouldn’t believe how much an acre of dirt is going for these days. All these coruscanteans are leaving and buying up everything east of Mos Eisley as possible

    • @604h22a
      @604h22a 2 роки тому +4

      Is because of Californians and other state people moving in ?

    • @MegaNiQ
      @MegaNiQ 2 роки тому

      @@604h22a yup, they’re leaving crapifornia like fleeing mice infecting the rest of the US

    • @pamelalima5401
      @pamelalima5401 2 роки тому +1

      @@604h22a ton of people immigrants coming from the México border too

  • @yamamancha
    @yamamancha 2 роки тому +81

    I'd rather buy a shack in the middle of a swamp than swallow a $700 rent hike.

    • @jarrettplaysviolin5992
      @jarrettplaysviolin5992 2 роки тому +15

      Make a list of the shacks available so investors can buy them and increase the price 62% as well

    • @yamamancha
      @yamamancha 2 роки тому +5

      @@jarrettplaysviolin5992 lol! A true American!

    • @clarifyingquestions
      @clarifyingquestions 2 роки тому +2

      @@jarrettplaysviolin5992 Investors do not increase the price. They just invest. Some people are smarter than others.

    • @hidalgopatron9653
      @hidalgopatron9653 2 роки тому

      No you wouldn’t…

  • @antoinettepeeps2640
    @antoinettepeeps2640 2 роки тому +21

    She’s taking a real gamble going month to month. The lease guarantees her the new rate… month to month means that the rent is most likely to increase in the year, especially with the housing demands being what they are.

  • @AaronTharpProduction
    @AaronTharpProduction 2 роки тому +135

    I swear if I read one more "boy I am so lucky that I bought..." I am going to lose it.

    • @CrystalMouse1
      @CrystalMouse1 2 роки тому +47

      This 👆👆👆 omg it's such a selfish thing to say to someone who is on the edge of a cliff "I'm so glad I am okay" ughhhhh! Good for you, right?

    • @shannon2748
      @shannon2748 2 роки тому

      Braggarts gotta brag.

    • @eplugplay8409
      @eplugplay8409 2 роки тому +6

      Boy am I lucky I bought my house a few years ago and paid it off too. :)

    • @DudeMuscle
      @DudeMuscle 2 роки тому +4

      Blessed not lucky

    • @mrb152
      @mrb152 2 роки тому +5

      I bought during this. There is no good time. Just make it work if you want it to work.

  • @jackwilson8051
    @jackwilson8051 2 роки тому +53

    I remember Ramsey telling people to rent instead of buying in the past. That was terrible advise.

    • @jmorris023
      @jmorris023 2 роки тому +14

      While he was secretly buying up the houses they would have bought.

    • @alextemus
      @alextemus 2 роки тому +1

      Yeah, that advise didn't age well

    • @jmorris023
      @jmorris023 2 роки тому +1

      @@alextemus it certainly did not.

    • @eckankar7756
      @eckankar7756 2 роки тому +1

      can you link to those episodes? I'd like to hear that. I've heard him say to rent temporarily between moves, etc...but not as a lifestyle choice.

    • @xJayhawkFANx
      @xJayhawkFANx Рік тому +1

      @@eckankar7756 he says to rent until you can afford a good down payment on a house.

  • @angelaonthego
    @angelaonthego 2 роки тому +63

    Something else is going on. I’m in nearly the same situation-same area, same job, same salary, same rental increase. Also remote. I’ve started looking all over the country and I’m seeing this in a lot of places you wouldn’t expect. Not sure what’s driving it-maybe it’s a jump on inflation? I don’t know how they expect the average person to pay these rents.

    • @Lady.Luck.
      @Lady.Luck. 2 роки тому +1

      Wisconsin

    • @heidithaw1072
      @heidithaw1072 2 роки тому +3

      I am in Kansas and it is relatively cheaper but rents are going up here also,

    • @eleanormassaro5195
      @eleanormassaro5195 2 роки тому +2

      I believe it’s mainly because of the housing shortage

    • @jessem4659
      @jessem4659 2 роки тому +4

      Rent is a lagging indicator of housing prices. This isn't going away.

    • @sblijheid
      @sblijheid 2 роки тому +6

      Come on. Don't tell me you don't know what's causing this. It's called supply and demand. So many people flocked to Florida increasing demand which drove up the prices.

  • @jayfitmob8645
    @jayfitmob8645 2 роки тому +29

    Mine is going up 50% this can't be sustainable.

    • @lashandashirelle4478
      @lashandashirelle4478 2 роки тому +5

      It won’t be those landlords will be begging for renters in the future

    • @panpluto13
      @panpluto13 2 роки тому +1

      Get capitalized! Hahahha

  • @mattnieschwitz4727
    @mattnieschwitz4727 2 роки тому +20

    I feel for people like this. Makes me so grateful I bought my house in 2018. I was 26 and it was temporarily a stretch for the mortgage while my wife was in school full time therefor not working, but I recently looked back at our apartment we used to rent and rent there now costs more than my escrowed mortgage!

    • @crashtestdummy1972
      @crashtestdummy1972 Рік тому +1

      Dang man my wife and i did exactly that but at 27. We are grateful, we have a large home and pay less than half of what some apartments are going for now. Hope all is still going well!

    • @jeretso
      @jeretso Рік тому

      I did the same thing when I was young and my rent doubled. If rent was controlled I would still be a bachelor living in the same apartment.

  • @Live.Life2343
    @Live.Life2343 2 роки тому +23

    Property taxes going up to where it can easily become another house payment. So slowly not many will be able to afford a home.

  • @creightonholub
    @creightonholub 2 роки тому +25

    Dave completely whiffed on his comment about moving to somewhere "less good," invoking living in someone's garage apartment. The caller is working online, and quality internet is the number problem she can't fail at. People don't have to drive for work any more, and that probably isn't a priority for internet service.

    • @DanielWhiteArtist
      @DanielWhiteArtist 2 роки тому +1

      I know with Elon Musk's Starlink high speed satellite internet, this could somewhat mitigate the issue. It's $100 a month and upload and download speeds seem decent. However, I don't know exactly how reliable the connection is since it is satellite, after all.

  • @daledunmire323
    @daledunmire323 2 роки тому +41

    Dave looks genuinely stumped and worried on this one.

    • @invaderjoshua6280
      @invaderjoshua6280 2 роки тому +14

      Because its making him realize his answer to everything meaning saving more or getting a better job isn't working.

  • @ShangTsung917
    @ShangTsung917 2 роки тому +168

    Currently rented in Tampa and had a generous undermarket rent that was going to jump. Had to move to a more rural area but bought a great house for the family and seeing interest rates increase makes me convinced I made the right choice.

    • @seansurfn2
      @seansurfn2 2 роки тому +20

      you did. anyone who cant buy within the next year will likely never buy again

    • @genxx2724
      @genxx2724 2 роки тому

      You did. 💯

    • @angelaonthego
      @angelaonthego 2 роки тому +1

      Which area did you move to? Looking to do same.

    • @stangomango8393
      @stangomango8393 2 роки тому

      @@seansurfn2 this.

    • @giveme10feet
      @giveme10feet 2 роки тому +5

      So you put the "Finish Him" to the landlord?! Well done.

  • @maxwillson
    @maxwillson 2 роки тому +72

    I remember when I thought $620 a month was a lot ahahahaha! Rent prices are insane, I had to eventually move back in with my parents. Thankfully I was able to save money for a down payment on a house, now I only pay $790 a month.

    • @schuylergeery-zink1923
      @schuylergeery-zink1923 2 роки тому +2

      Yah we’re about to build a house just outside of town bc we got outbid on 10 houses in the city. And hey save some tax money! My sister also moved back in with our parents and wants to save for a downpayment. It’s crazy.

    • @Inferno1170
      @Inferno1170 2 роки тому +1

      Yeah, I've been stuck at my parents. Trying to save up for a down payment. But housing keeps climbing, so does rent. And I really haven't been able to afford any of it.

    • @maxwillson
      @maxwillson 2 роки тому

      @@Inferno1170 When I was ready to buy a house it took me a month of hard work. It's not easy, you have to treat it like a part-time job.

    • @Inferno1170
      @Inferno1170 2 роки тому +1

      @@maxwillson you know, the world works in mysterious ways. I just put a deposit on my first home!

  • @9liveslisa
    @9liveslisa 2 роки тому +61

    I feel so bad for the average person out there. I wouldn't be able to take hits like that. Really scary.

    • @lizspann8083
      @lizspann8083 2 роки тому

      You're not average?

    • @9liveslisa
      @9liveslisa 2 роки тому

      @@lizspann8083 No, I guess not. But I was for most of my adult life.

    • @eckankar7756
      @eckankar7756 2 роки тому

      I suspect this is a season and it will pass. I found my best lessons in life I learned from painful situations. Pain, for me is a good motivator to change a behavior. Some just roll up in a ball and surrender to it, pain puts me into survival mode. I suspect this will pass and for some, major lessons learned to be the little pig that built the house of bricks, not straw. This might be a very valuable lesson for young people today, when the season passes many will have a major focus to never be in a helpless situation again.

  • @Zoltarswim
    @Zoltarswim 2 роки тому +19

    Yeah, my rent went up 34% in a month. They told me I had to move in 30 days or sign a new lease. Then they allowed me to go month to month at the new rate when I hadn't made a decision in 24 hours.

    • @eckankar7756
      @eckankar7756 2 роки тому +1

      Are these places really sure they can rent out the newly vacant apartments for these increased prices? Are there really droves of prospective tenants anxious to pay the high rent prices?

  • @lillie.annmargaret
    @lillie.annmargaret 2 роки тому +65

    It is very unlikely that she will find anything reasonable within an hour of Tampa or in virtually in area of Florida. Rents and housing have EXPLODED in the entire state, it is a crisis.

    • @shauniwarwick6091
      @shauniwarwick6091 2 роки тому

      Yep agreed! Going through this right now.

    • @vjs4539
      @vjs4539 2 роки тому +1

      Same here in Utah. I know a family of with kids who can't find anywhere to live.

    • @vjs4539
      @vjs4539 2 роки тому +12

      This is why Dave's rule to not buy a house until you can afford it is nonsense. If you can even get financed for a house, you should get one.

    • @mle011
      @mle011 2 роки тому +4

      So true, a 499 sq ft studio apartment I rented in central Florida for $583/month now goes for $1900/month. That’s insane. I could afford $583/month as a single, young professional, but who can afford $1900 for a studio? In small town in FL no less!!

    • @mle011
      @mle011 2 роки тому

      This was in 2013-2015 when I rented it.

  • @barnabusdoyle4930
    @barnabusdoyle4930 2 роки тому +162

    With the big companies coming in to buy as much residential property as possible, people who rent are going to find a hydra monopoly where these companies will set whatever price they want for their rentals because they own everything. Buy a house if you can get into it or face this kind of situation all over the country.
    At the same time, ridiculous rents are unsustainable and will empty big cities even faster

    • @Erutan409
      @Erutan409 2 роки тому +2

      There's no escaping it at this point.

    • @unfairsanic5089
      @unfairsanic5089 2 роки тому +3

      If there is rent that expensive, they will always a rent that is cheap as long as that monthly payment is not the same as a morgage

    • @Erutan409
      @Erutan409 2 роки тому +6

      @@unfairsanic5089 My rent is $1.3K. It's a gift compared to most rentals in this area. $2K+ and considered to be reasonable.
      It's going to keep going up. Nothing will stop it. Good hearted people still need money to keep themselves afloat.

    • @jordyjustine
      @jordyjustine 2 роки тому +11

      @@unfairsanic5089 At this rate finding a home with a lower mortgage payment than an apartment's rent is where its at. Later you can sell the home and recoup much if not all or even more than what the accumulation of your payments were. Either that or you could rent out the house. Offering a mere 50 bucks less than everyone else, it will always be rented out.
      Its 2030, you own nothing and you're happy. -WEF

    • @giveme10feet
      @giveme10feet 2 роки тому

      @@Erutan409 r u in Miami too?

  • @aplanefliesabove
    @aplanefliesabove 2 роки тому +51

    A 'new' studio apartment in my area is $1500 a month. I'm nervous that no one in my family owns a home due to overspending, debt, and bad financial decisions. There is just a host of other issues that I am juggling at the moment. Everything that is happening is completely overwhelming, honestly.

    • @cathy7824
      @cathy7824 2 роки тому

      Are you single? Drive a truck for living, live in it for a year and move to a more affordable area. You will be able to buy a home.

    • @aplanefliesabove
      @aplanefliesabove 2 роки тому +1

      @@cathy7824 I am single with no children. Unfortunately, my father had Dementia. So, I am working on moving him to my state. I am going over some ways to increase my income.

    • @deannatroy8113
      @deannatroy8113 2 роки тому +3

      Rent will keep increasing. Whatever you do, don't get into debt for probably the next 10 years. Don't buy a house unless you can purchase it outright. Don't leave your money in a bank; the banks will close and take peoples money. If your desperate, find another way, whether that be woofing (working on a farm for accommodation and food), building a shack in the wilderness somewhere that you think you may not get noticed, or bunking up with a few families in the same household to share costs. Best to be out of cities. Debt will be used to make people conform to certain requests.

    • @davisholman8149
      @davisholman8149 2 роки тому

      @@deannatroy8113 People that work from home - look at Incredible Tiny Homes - the gentleman has reasonably priced lots & nice tiny homes for 20k+. I know there are people who do not like the South - but a less expensive area is all you have to go to at this point.

    • @eckankar7756
      @eckankar7756 2 роки тому +2

      Like falling overboard, save yourself first. Trying to save a cluster of idiots will take you down with them. You're on this channel so you have some good insight, you know which direction to look and that's half the way there. Maybe take the Financial Peace University class, see what you get out of that and adjust your financial plan. Maybe recommenced it to your family but I'd not take it with them, they may be too distracting and pull you off course. When substance users go to a program to detox they are not allowed to go with their spouse as often, one of them will sabotage the other's recovery for whatever reason. This can happen with a financial life, too. I applaud you being on this YT channel and hope you continue making the baby steps in the right direction, every single day.

  • @estebanhenriquez3491
    @estebanhenriquez3491 2 роки тому +58

    I just moved out of Orlando to Winter Park precisely for the same reason. My rent had gone from $725 to $1,500 for a 1bed/1bath! By the grace of God himself I managed to land an apartment with the same layout for $955. However, it worries me what price I’ll be paying after my new lease is up come next year. Thankfully, I’m on BS3 moving to BS4.

    • @r4ym1n13
      @r4ym1n13 2 роки тому +10

      Save aggressively to buy a house one day

    • @ChildfreeDude
      @ChildfreeDude 2 роки тому

      Sorry to hear that. Rent is getting out of control everywhere.

    • @MrBrewman95
      @MrBrewman95 2 роки тому +2

      Winter Park is more expensive than general Orlando suburbs.

    • @estebanhenriquez3491
      @estebanhenriquez3491 2 роки тому +1

      @@zacharyehrenreich801 You ain’t lying! Moving from job to job seems to be the way to outpace inflation. That, and keeping your budget tight (on check).

  • @pdennis93
    @pdennis93 2 роки тому +11

    My rent is now over 100% of income in Florida. It has almost doubled in 10 years. I live in one of the worst areas in Lehigh Acres, east of Fort Myers and my rent is now $1100/mo. It was $595 from 2011-2013.

    • @hubertcumberdale2651
      @hubertcumberdale2651 2 роки тому +2

      I despise Fort Myers. On the other hand, Sarasota is awesome.

    • @timothygibney159
      @timothygibney159 2 роки тому

      You have it lucky. In Houston it's gone $2000 a month for a 1 bedroom

  • @darlinnikki9514
    @darlinnikki9514 2 роки тому +212

    The problem with the advice "look for a needle in a haystack" is that everyone else is also looking for that needle, which creates more demand and thus higher rents.

    • @sharyn4271
      @sharyn4271 2 роки тому +11

      I’m watching this video on the heels of another that highlighted renters in FL being scammed by fake landlords. What a world, it’s crazy out here.

    • @bradleymaravalli2851
      @bradleymaravalli2851 2 роки тому +6

      So don't even try? It's worth trying.

    • @Lady.Luck.
      @Lady.Luck. 2 роки тому +15

      You can try but it's not going to happen for 9/10 people

    • @daveharness70
      @daveharness70 2 роки тому +6

      Most people don't look that hard, or consider alternatives to what they are used to. You may also have to be a bit lucky....but they are out there. Most folks would be too lazy to put in the time and effort.

    • @blackworldtraveler3711
      @blackworldtraveler3711 2 роки тому +4

      @@Lady.Luck.
      That could be the problem. Worrying about 9/10 people instead of being proactive.

  • @benjones621
    @benjones621 2 роки тому +137

    I work as a housing director for the voucher program and it's getting increasingly difficult to qualify people. The rents in my area have gone up dramatically and even with assistance people can't meet the 30-40% of their income threshold.

    • @k.alvarado6237
      @k.alvarado6237 2 роки тому

      Where do
      You live ??

    • @AC-qo8oq
      @AC-qo8oq 2 роки тому +7

      It’s pushing them out of the cities.

    • @youtubificationizer
      @youtubificationizer 2 роки тому +2

      Alternatively, we can eat the rich

    • @stringerbell1702
      @stringerbell1702 2 роки тому +6

      I work in that sector also. It's crazy how people are receiving assistance for housing, but are too lazy to look for housing in their free no working day.

    • @jtowensbyiii6018
      @jtowensbyiii6018 2 роки тому +4

      @@genxx2724 ya how dare a child get to eat today

  • @nathancook8452
    @nathancook8452 2 роки тому +18

    Everything has a cycle. What goes up eventually comes down.

    • @Hi-qh8zt
      @Hi-qh8zt 2 роки тому +1

      Nathan I don't know who told you that but don't believe it. You obviously forgotten or didn't live through the 70s. How did milk by the gallon back in the day 40s and 50s $.50-$.60. And now it's pushing four dollars depending on where you go. Doesn't seem like prices went down....

    • @nathancook8452
      @nathancook8452 2 роки тому +2

      @@Hi-qh8zt But interest rates and housing prices, stocks , gas prices , do rise and fall. Minimum wage has risen. Interest rates are going to go back up due to inflation so the safer investments are going to rise. All I was saying you got to move your money around during different cycles.

  • @ProChaos514
    @ProChaos514 2 роки тому +12

    Ramseys 25% plan doesn't work when hyperinflation is at play.
    I make 60k+ bonus and for me to buy a normal house would cost over half my income.
    The average house shouldn't cost more than the average income.

    • @deadcell1
      @deadcell1 2 роки тому

      Just imagine if you made $30k.

    • @ProChaos514
      @ProChaos514 2 роки тому +1

      @@deadcell1 I did, three years ago.

    • @darinherrick9224
      @darinherrick9224 2 роки тому +1

      You're lucky. To buy a house would cost 5-10X my income.
      Also, this is NOT hyperinflation. In fact it's not inflation at all. It's price gouging by mega corporations.

    • @Caliabra
      @Caliabra 10 місяців тому

      Yeah his rules applied 30 years ago…it’s not very practical now. I think the advice is - just don’t buy and be ok with that. His 25% take home for 15 years is extremely difficult in many parts of the country …so he is really hamstringing people from ever buying. I think he would just say move and don’t live in. California or NY…idk

  • @jdstep97
    @jdstep97 2 роки тому +41

    Wow. I now feel blessed in my rinky-dink home. I couldn't afford much, but it was a good deal in 2008, during the housing crisis. I might be in the same situation as her. Folks in my area are being priced out; rents keeping going up. Mortgage stays the same.

    • @dsky93
      @dsky93 2 роки тому +3

      Same here! Grateful 🙏

    • @eckankar7756
      @eckankar7756 2 роки тому +2

      My house isn't all that but it's paid for and I'm staying here till I rot. I used to plan to retire, sell the house and live in an RV...now...oh heck no. I did buy a van and converted it into a cozy lite RV for extended weekend trips, but I'll never sell my house.

  • @wesleygriffiths8496
    @wesleygriffiths8496 2 роки тому +18

    Tampa has one of the highest rent increases in the nation right now. Almost all of Florida is ridiculous with the rent hikes

  • @TheMechanicj
    @TheMechanicj 2 роки тому +53

    Thank god my 3500 sq ft 12 year old house will be paid for in December and I’m officially debt free

    • @dexterm1285
      @dexterm1285 2 роки тому +3

      Its definitely amazing....havent had a mortgage payment in a few years now. Never again.

    • @dinky19810
      @dinky19810 2 роки тому +1

      Congrats

    • @greenearthblueskies8556
      @greenearthblueskies8556 2 роки тому

      @@dexterm1285 💯

    • @swannyriver75
      @swannyriver75 2 роки тому +1

      Congratulations!!

    • @eckankar7756
      @eckankar7756 2 роки тому

      I have a much smaller home, paid for, about to retire now and I wish I could downsize more but no place to move to. The older I get the less space I want.

  • @stephanied.k.3589
    @stephanied.k.3589 2 роки тому +192

    Eventually we will all be California. The ridiculousness of it all.

    • @panpluto13
      @panpluto13 2 роки тому +4

      Are you planning on showing your thought process here. I would love to see your drawings of brain worms.

    • @seansurfn2
      @seansurfn2 2 роки тому +29

      elections have consequences

    • @des711
      @des711 2 роки тому +28

      Where I live our rent has increased tremendously, and so has traffic and road rage. Guess where the people moving this state are from.

    • @jameskwak3198
      @jameskwak3198 2 роки тому +12

      Ya the California natives wrecked there state now there spreading out like cancer to the rest of the nation.

    • @nicholeknight1893
      @nicholeknight1893 2 роки тому +4

      People from Cali move to Vegas and it's increasing our rent

  • @jilldiaz7592
    @jilldiaz7592 2 роки тому +7

    I live in Jupiter Florida and everything has gone up so dramatically. The apartment I was renting for $1500 is now going from $2500. I couldn’t afford that and had to move in with my boyfriend. Besides my full time job, I work part time for someone who owns a bunch of rental properties. Yes, property taxes and insurance have gone up but not that dramatically. This is just downright greed on the part of the landlords. They see everyone else getting that much money and they jump on the bandwagon. Very sad.

  • @freebird7284
    @freebird7284 2 роки тому +23

    renting is a steppingstone and should be as temporary as possible

    • @deadcell1
      @deadcell1 2 роки тому +3

      How can someone who earns less than $30k a year ever become a homeowner?

  • @doubleAIII
    @doubleAIII 2 роки тому +77

    Dave's so far removed from what normal people go through... Yes Dave, a majority of the countries renters will experience a significant increase to their rent payment.

    • @alp.9672
      @alp.9672 2 роки тому +13

      Dude is for sure far removed from normal people, I watch this show for entertainment at this point.

    • @earitch5856
      @earitch5856 2 роки тому +5

      Soooo true. I love Dave, principally, but he's totally out of touch with "normal" people in the climate today. I've also found that many of his financial principles are based on people are financially illiterate. You CAN borrow money to accomplish a goal, if you know what you're doing.

    • @JohnDoe-gc1kt
      @JohnDoe-gc1kt 2 роки тому +1

      @@earitch5856 I agree but its easier to assume everyone is an idiot.

    • @jutde
      @jutde 2 роки тому +1

      Yeah, he totally hasn’t gone through situations exactly like this several times before in the 30+ years he’s been helping people win with money by teaching them how to be smart with money with proven principles and has created more millionaires than probably all other financial help people ever. Totally out of touch.

  • @kevineusebio
    @kevineusebio 2 роки тому +10

    Mine increased 30% in Jacksonville, FL. Freaking insane.

  • @Mikeybdarealest
    @Mikeybdarealest 2 роки тому +11

    This man said go live in someone's garage.. you're off your rocker Dave. She makes 70k!!!

    • @deesee3622
      @deesee3622 2 роки тому

      im assuming thats before taxes plus she may have debt and she wants to get rid of it quick. some want to be hundred percent debt free

    • @mylesgray3470
      @mylesgray3470 2 роки тому +2

      $70k is not that much any more. Six figures is becoming the new middle class. Sad inflating is really hurting a lot of people but it’s pretty much the expectation after money printing during the pandemic.

    • @deesee3622
      @deesee3622 2 роки тому

      @@mylesgray3470 it really isn't much money; at least 150k would be a great income

    • @mylesgray3470
      @mylesgray3470 2 роки тому +1

      @@deesee3622 That’s right around what I make with overtime and really it’s just enough to live what’s traditionally considered a middle class lifestyle in bigger wester US cities. A few jobs ago when I was making 75k living in Seattle a felt I was barely making ends meet.

    • @deesee3622
      @deesee3622 2 роки тому

      @@mylesgray3470I believe it, I would love to make at least 250k AFTER tax which would be like 400k salary lol

  • @adfmo2195
    @adfmo2195 2 роки тому +18

    My rent increased 61%… from $745-1200 for a 2/1. This is happening all over the place.

    • @Jake-go8pz
      @Jake-go8pz 2 роки тому

      Yep, and try to be a landlord someday Professor.....increases in insurance, property taxes, lawyers fees, property management fees, repairs, cleaning, etc. If life were so simple...."My rent is going up just because the landlord wants more money".

    • @dpayne1943
      @dpayne1943 2 роки тому

      @@Jake-go8pz It is not 61%. If it were, you would have been a fool to buy as these increases will not hold with the continued inflation and the coming recession. No one would deny that the rent will increase if costs increase.

  • @chrism70283
    @chrism70283 2 роки тому +53

    People get their lease renewal notice and never seem to consider the option of negotiating the new rate. When I was a renter I always negotiated, make the terms favorable for the landlord, say hey I’m a great renter, I always pay on time, I’ve lived here for X number of years, I’ll even do a 2 year lease if that means I can lock in a better rent amount. It can be favorable for the landlord to keep a long term renter than to keep getting a new one every 12 months because there is cost involved with preparing the space after one leaves and a new one is coming in.

    • @travisb9130
      @travisb9130 2 роки тому +5

      I've never rented but that's what I was thinking also. I'd rather keep a good tenant in there that doesn't destroy the place and make a few hundred less a month rather than chance making more but getting a bad renter or getting the place destroyed.

    • @greenfly0917
      @greenfly0917 2 роки тому +17

      If you're renting from a family or local landlord, sure you can attempt to negotiate. I know someone who negotiated during the pandemic in LA of all places. But if you're renting from a corporation, they don't negotiate.

    • @jeromehenry4484
      @jeromehenry4484 2 роки тому +6

      @@greenfly0917 A corporation can be sued for "disparate treatment", in this case getting favorable treatment in rent price.

    • @greenfly0917
      @greenfly0917 2 роки тому

      @@jeromehenry4484 So then you proved my point.

    • @4islandbeauty
      @4islandbeauty 2 роки тому +2

      I tried that where I lived they didn't budge rent increased by almost 20%. Time to move out of CA

  • @christians131
    @christians131 2 роки тому +39

    I’d like to see studies on the effects of the eviction moratorium one day. Landlords are likely going to be far more strict in their vetting from here on out

    • @waterheaterservices
      @waterheaterservices 2 роки тому +3

      @@genxx2724 Good points

    • @yoyogang75
      @yoyogang75 2 роки тому +2

      They already are they want you to make 2.5-3x the rent.

  • @freedomworks3976
    @freedomworks3976 2 роки тому +20

    Ramsey loves this landlord. Dave has stated that with his rentals he raises the rent every single upportunity he gets , even if its just $5 or $10 dollars he doesnt care. Raise the rent allways !!!!!!

    • @markg999
      @markg999 2 роки тому +9

      Well when have rents ever gone down...cost for insurance, repairs and taxed always go up...I see no problem with normal increases. 60% is insane.

    • @freedomworks3976
      @freedomworks3976 2 роки тому +6

      @@markg999 I don't think they teach economics and finance in public high schools. It seems so many people now days are unprepared for economic life now days

    • @yaydog2702
      @yaydog2702 2 роки тому +11

      $5-$10 dollars is very different from $700 hike.

    • @alinatamashevich3354
      @alinatamashevich3354 2 роки тому +1

      @@freedomworks3976 Bingo

  • @sandriagutierrez2605
    @sandriagutierrez2605 2 роки тому +7

    I wouldn’t get a roommate. Too many loose cannons out there. It’s not worth the grief in my opinion.

    • @mylesgray3470
      @mylesgray3470 2 роки тому +1

      I got a roommate to share a townhouse with and later found out they were promiscuous.. so we had a new random stranger coming to our places nearly every day.. I definitely didn’t feel safe but thankfully nothing bad ever happened.. other than someone barging into my room one night by accident. Definitely makes you want to get your own place.

    • @sandriagutierrez2605
      @sandriagutierrez2605 2 роки тому

      @@mylesgray3470 yikes, not a good scenario! Glad your on your own. I think that kind of advice (getting a roommate) would have worked 30 or so years ago, but sadly, not now.

  • @xfhnhhgjbvcfg
    @xfhnhhgjbvcfg 2 роки тому +21

    I'd live in a hotel with free breakfast for the same price

    • @hubertcumberdale2651
      @hubertcumberdale2651 2 роки тому

      its not "free" genius. Its lumped into the ridiculously overpriced bill which is by-the-numbers hotel accommodation in the United States. Among the most expensive in the world relative to average local income.

    • @tidus9942
      @tidus9942 2 роки тому +3

      @@hubertcumberdale2651 There are still hotels with $60 night stays and free breakfast. that's 1800 a month. if internet is included, why not. Also, our hotels are not the most expensive. You must not vacation to Europe very often.

  • @treypelham5515
    @treypelham5515 2 роки тому +6

    Move to a smaller, crappier place than get a roommate. Roommates distract you from your goals. And it’s just not the roommate, it’s their life moving into your world. Put your expensive items in a secure storage unit and rent a cheap apartment for a year.

  • @claudiaf.8190
    @claudiaf.8190 Рік тому +25

    Dave,
    There is definitely something wrong with the rental prices. They(slum lords) are definitely crooking this lady and the rest of us.
    Also, all the advice y'all provided in this video is awful. Find a garage apartment to rent out from a sweet old lady? Find another source of income? 🤢
    This lady is following your steps and can no longer sustain on your beans and rice baby steps or whatever it is you call it.
    Yes, you are better than what you deserve. If you really want justice and your followers to succeed, revise your baby steps plan and be the champion for these
    people that you fancy yourself to be.
    Speak up on all the price gouging that is going on!

  • @quickgirl80
    @quickgirl80 2 роки тому +8

    The fact that we know WHY this is happening & WHO is doing this makes it even more disturbing that no one is doing anything about it. Instead we sensationalize these “news stories” about the insane rent increases & pretend this is all coming out of nowhere.

    • @bigfoot2547
      @bigfoot2547 2 роки тому +1

      Yes the third time the world gets to experience the german dream. You would think after the first two times they would have quit but i guess we all get to experience it again. Klaus must really be holding onto the old saying “third times the charm”

    • @hankscorpio6111
      @hankscorpio6111 Рік тому

      @@bigfoot2547 Aren't you happier yet?

  • @friendmaker9210
    @friendmaker9210 2 роки тому +72

    Dave isn't taking account of gas prices here. If there's a lower rent but it's far away from the job, you might lose even more due to higher gas prices!

    • @MattLaine
      @MattLaine 2 роки тому +10

      Did she not say she was working from home?

    • @benvarela4472
      @benvarela4472 2 роки тому +5

      @@MattLaine She did YES

    • @skipdegraff6547
      @skipdegraff6547 2 роки тому +7

      She works at home

    • @staceystrukel1917
      @staceystrukel1917 2 роки тому +4

      He also said 10-15 minutes further. If you think that would cost more than a $600 hike in rent than you are really bad at math.

    • @toeachitsown2050
      @toeachitsown2050 2 роки тому +1

      Or youre renting an old house with only oil heat like us in cold weather. I think we spent $2500 on oil so far

  • @oldfordman68
    @oldfordman68 2 роки тому +26

    If you go month to month they only need 20-30 days notice to evict you.

  • @michaelcarter266
    @michaelcarter266 2 роки тому +14

    God that is such a good point at the end. Renting really is glorified camping it really is. I rented for a little over two years had very little in my apartment, mattress on the floor, no furniture because I knew I was 3rd floor and going have to eventually move it all in the near future.

    • @genxx2724
      @genxx2724 2 роки тому +1

      Yep. When I rented for a year I only bought counter stools. I did without a dinette set. I put minimal furniture in, and kept everything in storage or got rid of it.

    • @genxx2724
      @genxx2724 2 роки тому

      Yep. When I rented for a year I only bought counter stools. I did without a dinette set. I put minimal furniture in, and kept everything in storage or got rid of it. I didn’t put up any pictures. Not a scuff or nail hole anywhere when I left.

  • @jendiaz4718
    @jendiaz4718 2 роки тому +4

    I live in Tampa and my rent just went up to $2501. I wanna know where she lives at $1700. And she’s making good money for Tampa right now. She’s not going to find anything cheaper.

  • @evasionstudiosco
    @evasionstudiosco 2 роки тому +162

    As someone who has dealt with a price hike in rent recently - I was surprised to not hear an option that I used. I wrote back to my property management company and contested the price hike. I cited my excellent tenant status, my length of time here at the property, and my willingness to stay here to keep that good relationship intact. I also offered options on how to lessen that price hike based on those terms. It only bought me a $25 decrease, but it was still something.

    • @redd7188
      @redd7188 2 роки тому +43

      Dave Ramsey has done a great service and I like his show. The problem is he can be so stubborn and smug that he misses opportunities to give out good advice like you just did. He really needs to humble himself sometimes.

    • @ohmylanta9973
      @ohmylanta9973 2 роки тому +7

      I live in Topeka Kansas and the landlord well property Management throughout that letter I did the same thing all they care about is money

    • @lesliesmith7168
      @lesliesmith7168 2 роки тому +11

      I tried this a couple years ago and they wouldn't accept. Two weeks after I moved out, there was someone else living in it.

    • @yaydog2702
      @yaydog2702 2 роки тому +26

      $25 is not much when rent is $2k a month

    • @evasionstudiosco
      @evasionstudiosco 2 роки тому +11

      @@lesliesmith7168 Of course if there are people willing and able to pay more, greed can often overwrite loyalty, and a good track record.

  • @hanspladeau
    @hanspladeau 2 роки тому +15

    How is a 60% increase legal!?!!

    • @pamelalima5401
      @pamelalima5401 2 роки тому

      Good question

    • @timothygibney159
      @timothygibney159 2 роки тому +1

      People are willing to pay

    • @nolongeranurse3369
      @nolongeranurse3369 2 роки тому

      Rent control is abnormal ( and illegal in Florida) rents are determined by supply and demand...MORE demand and LESS supply = RISING PRICES...they don't stop going up until nobody can pay

  • @ericcampbell4526
    @ericcampbell4526 2 роки тому +6

    Prices in Florida are choking us

  • @terryhill4732
    @terryhill4732 2 роки тому +18

    Looks to me like it's going to be hard to get an emergency fund and save for your dream house with inflation and prices as they are unless a drastic drop in inflation comes along with the prices, this lady will be paying $20,400 for rent annually if she stays in her apartment that's a lot of money and close to half her income

    • @beatrixaltenberg5135
      @beatrixaltenberg5135 2 роки тому

      Your number sounds like you are eaten up by fear, and the inflation will of course go down at some point. Nothing ever stays the same. Everything is coming in waves. Even money has a more or less natural rhythm. This shall pass too.

    • @terryhill4732
      @terryhill4732 2 роки тому

      @@beatrixaltenberg5135 there's an old saying you have to know when to hold them and know when to fold them

  • @compass_Matt
    @compass_Matt 2 роки тому +5

    These two have no idea what to tell people. There is no solution to navigating a failing currency soon to face real hyperinflation.

  • @D.Wagner2
    @D.Wagner2 2 роки тому +6

    This is literally the poster child for why you should own. Nobody can raise the rent on you. She makes $70k a year for God sakes.

    • @GenerationX1984
      @GenerationX1984 2 роки тому +3

      Everybody who calls into the show makes more money than I do. (Sigh)

  • @TheFawnbradfield
    @TheFawnbradfield 2 роки тому +45

    I took real estate economics in university. What Dave is talking about is called the "Bid-Rent Curve" the further out from a city center the less the cost of housing. HOWEVER what he did not mention is that typically when you add the cost of fuel/time from an increased commute you actually end up around the same $$ invested. With gas prices the way they are please make sure you add into your calculations the increased cost of fuel, possible increased car servicing etc. from the commute so you are making an apples to apples comparison of costs. I would hate for someone to move out further and actually end up net less.

    • @llcross04
      @llcross04 2 роки тому +6

      It really works for remote workers

    • @jamesjodon7038
      @jamesjodon7038 2 роки тому +4

      You can do it if it’s a work from home job

    • @marcos223ful
      @marcos223ful 2 роки тому

      @@jamesjodon7038 thats the main problem at stake here...i love WFH but if going in office mandatory saves me $400 off my rent then 🤷🏾‍♂️

    • @crzyruskie86
      @crzyruskie86 2 роки тому +1

      She works from home

    • @ConceptHut
      @ConceptHut 2 роки тому

      Thanks for the name and thoughts.

  • @4wadventuretrails321
    @4wadventuretrails321 2 роки тому +5

    This is everybody. For the most part and almost in every state. The rent prices don't add up to the income! If you don't already own a house it's going to be extremely difficult to get one! This is the reality the majority of America is facing!

  • @benjaminbowers421
    @benjaminbowers421 2 роки тому +6

    Nothing to rent in FL. Everything is 1500 and up a month.

    • @Taller-yl9yn
      @Taller-yl9yn Місяць тому

      Jacksonville, Orange Park area still has $1300 a month rents

  • @om617yota8
    @om617yota8 2 роки тому +35

    I know Dave says to keep renting and run through the baby steps and all that before you buy a house, but I really think that's a mistake. I'm paying half what she does, for a much bigger house, with a garage and a shop, and every mortgage payment I make gains me equity. With renting, it's just gone. You have to live somewhere, why not pay less for it, and gain equity at the same time?

    • @scarpfish
      @scarpfish 2 роки тому +8

      Because if something breaks or needs replacing, the bill goes to you. Also a month's worth of homeowner's insurance can pay for a year's worth of renters insurance in some cases.

    • @Lady.Luck.
      @Lady.Luck. 2 роки тому +7

      If it's in decent condition it works out. However having thousands on hand to pay for a new water heater, furnace, etc can be costly. Or other costs like street work get billed to the homeowner. The city decided to redo some streets right next to ours. The homeowners have to pay their share for it. It was 10K they had to come up with...At first.. then the construction workers messed it up and had to redo a bunch and they ended up having to pay for the mess up too!

    • @om617yota8
      @om617yota8 2 роки тому +11

      @@Lady.Luck. You pay for every penny of that as a renter, too. Plus the owner's profit.

    • @om617yota8
      @om617yota8 2 роки тому +4

      @@scarpfish As a renter, you pay every penny of everything that needs to be fixed or updated as well, then you also pay the owner's profit on top of it.

    • @Lady.Luck.
      @Lady.Luck. 2 роки тому +2

      @@om617yota8 you pay for it in monthly increments. Not the case as a homeowner. You need a lump sum unless you want to go back into debt which just creates a hole

  • @davidking4779
    @davidking4779 2 роки тому +261

    This is a good testimony to those who say that owning a home is not a good investment.

    • @alexandru5369
      @alexandru5369 2 роки тому +18

      Yep as a home " owner" I agree though there's that pesky property tax but as long as you are in a suburb it shouldn't go up too much ( or at least not yearly) Heck there are ways too make sure your home doesn't become too valuable i.e. keep it profitable but not too high where local governments can have an excuse too raise property tax

    • @MichaelAnderson-wk1no
      @MichaelAnderson-wk1no 2 роки тому +17

      Who says that? I've heard people like Dave say that there is a good time and a bad time to buy a house, depending on your financial and life situation. But I've never heard anyone say that a house is not a good investment.

    • @djpuplex
      @djpuplex 2 роки тому +6

      Taxes are gonna go up along with insurance and HOA. It's a relative rising tides. Maybe not as dramatic but get ready. Also repairs if your contractor rents his house he has to pay his rent, along with alot of cops, teachers, nurses, secretaries, ect.

    • @brooklynebony
      @brooklynebony 2 роки тому +19

      it's not a good investment if you can't afford it. there's a difference

    • @bradleymaravalli2851
      @bradleymaravalli2851 2 роки тому +7

      @@MichaelAnderson-wk1no millenials who think houses are a burden and eats too much of your budget.

  • @pjhoops8637
    @pjhoops8637 2 роки тому +34

    Gas prices are going up 62%

    • @scarpfish
      @scarpfish 2 роки тому +1

      That's funny. They've actually dropped here about five cents.

    • @cybertrk
      @cybertrk 2 роки тому +2

      All those people talking smack about electric cars sure do feel dumb

    • @lucaswhite2681
      @lucaswhite2681 2 роки тому +2

      But oil prices went back down. Companies are gouging us

    • @herbiehusker1889
      @herbiehusker1889 2 роки тому +5

      @@cybertrk you mean coal powered cars?

    • @scarpfish
      @scarpfish 2 роки тому

      @@herbiehusker1889 Depends on how your electricity is sourced.

  • @lesliesmith7168
    @lesliesmith7168 2 роки тому +63

    I've been living with my dad and stepmom full time since December (was doing a 3 hour commute multiple times a week living with them part time since July). I keep watching these prices increase more and more and I still have another classes after my current one to finish my master's (working on school full time to cut down time and cost but doing very part time gig work). It greatly concerns me what kind of prices I'll be facing in a few months since my master's (Nursing Education) won't be a big increase in pay, just changes my job opportunities. Rent prices and mortgage prices are simply out of control!

    • @honestbajan6877
      @honestbajan6877 2 роки тому +12

      Keep your head down and concentrate on finishing your master's degree. Celebrate the success and THEN, worry about mortgage prices. Opportunities will come. Keep being PRACTICAL by working hard at school and at your jobs, but don't forget that prayer also works. Keep your vibe UP.

    • @cius2112
      @cius2112 2 роки тому +10

      Stay at your parents house and stack up + invest while you are waiting for an opportunity. Oh and make sure you let your parents know what your plans are. Alot of people dont have the luxury decent parents.

    • @swannyriver75
      @swannyriver75 2 роки тому

      My advice save as much money as you can between trying to get a house and student loans which thank God we have until August which they're thinking of extending just save money

  • @ericdraven7857
    @ericdraven7857 2 роки тому +7

    Even here in CA it's illegal to go up more than 10% in a 12 month period but than again people I'm sure are leaving this trash state.

    • @PC-ch1md
      @PC-ch1md 2 роки тому +2

      Lol right! At least here in Northern California salaries are higher compared to those states without rent control. I love this trash state. Electricity is cheaper too because weather is perfect, no need to turn on the AC. My thoughts go out to those people who left this trash state for cheaper rent.