American House pricing seems absurd. In Australia I live like 15mins from a major City CBD in a 2 Bedroom apartment with a Housemate and pay around $750each a Month.
American House pricing seems absurd. In Australia I live like 15mins from a major City CBD in a 2 Bedroom apartment with a Housemate and pay around $750each a Month.
You just sound out of touch with changing reality for younger adults. Back in the day people could afford cheap rent, have roommates and pay their way through college. Guess what, that is changing.
In no way, shape or form are you going to convince me that quadrupled rent in a decade is normal or on par with inflation.
have property taxes gone up? if they did or do the landlord/property owner puts that increase onto you. I do. I have had 16 property taxes increases in 12 years. I used to rent houses for 500 a month. now I charge 1200. property taxes is the sole reason I have raised rent on renters. taxes are running me on average 8000 thousand a year. which means to even break even on that I have to charge you roughly 666 a month. now throw in insurance which is about 1200 a year so now you are renting for 766 just to break even. now throw in repairs. 150 a month is to be put back for repairs. now you are up to 916 dollars just to break even. you think anyone is into renting houses to break even? 300 a month profit on a house is about an average of what a renter makes. so now you are up to 1216 dollars. put who pays 1216 dollars? lets round it up to 1300 to make it easier to transfer money. so now you are up to 1300 a month rent. the raise is put onto you. I read you were from Portland so I checked it out for ya. you have had property tax increases in 2012, 2014, 2017, and 2018. you jumped from 18th state in property taxes to 5th. it says there is another proposal for another increase in 2020. property taxes fund education primarily, school renovations, updated technology. I am for it, but I don't see it or pay it. disabled veterans like myself are exempt from paying them only in the house you reside. so either pay low rent and stop providing a public education, or pay high rent and help provide for it. if you don't want your rent to increase anymore then vote in those who are against property tax increases. if you like paying higher rent than vote those in to keep raising it. its typically republicans who oppose property tax increases. democrats favor them. I hate both parties and since I don't pay property taxes in my state for being a veteran (saves me about 600 a month) and my renters cover the increases I don't really care about the issue much at all, so don't vote for either.
Things are different than when you were young. Nothing about what you described describes reality now.
Moreover, it is terrible news for people wanting families and life, particularly women since you know, we have a limited time to get that stuff underway.
Letting greed and avarice dictate these things is a poison to everything a traditional conservative aught be trying to protect.
On MMO-C we learn that Anti-Fascism is locking arms with corporations, the State Department and agreeing with the CIA, But opposing the CIA and corporate America, and thinking Jews have a right to buy land and can expect tenants to pay rent THAT is ultra-Fash Nazism. Bellingcat is an MI6/CIA cut out. Clyburn Truther.
On MMO-C we learn that Anti-Fascism is locking arms with corporations, the State Department and agreeing with the CIA, But opposing the CIA and corporate America, and thinking Jews have a right to buy land and can expect tenants to pay rent THAT is ultra-Fash Nazism. Bellingcat is an MI6/CIA cut out. Clyburn Truther.
Land will always get more expensive as speculators are allowed to drive up prices to increase the initial investment they made. The big difference is that wages are just not keeping up with the overall price of housing / renting inflation in the major areas of the nation. If people work from home or can work in either of the Dakotas or Wyoming the larger problem comes from not having jobs that people actually want to work in or having a local hub that makes them excited to move to literally the middle of nowhere. I have family that work as electricians, flooring installers, roofers and other higher skill manual labor and they are able to purchase a home. I feel bad for the people along the coasts.
This isn't even going back far at all, I only purchased my first place in 2014 (was 28 at the time) and I worked two jobs. And now I'm watching younger siblings do the same, who are 21 and 23 respectively.
I'm not saying it's easy, and I'm not saying that rent or cost of living increases at the same rate as wages do (because it certainly doesn't) but there are ways to overcome paying higher rent. Living further out is a good place to start. A two-three hour commute every sucks ass, but it doesn't have to be permanent.
I just don't believe government intervention is the correct approach. I'd rather see fiscal policies implemented that help people save than have the government step in and implement ceilings
That's the part of the story I didn't mention, and it's a big component of how I managed to survive: I moved the hell away from the city, not only because it was a hellhole and crime-ridden, it's always been super expensive since well before I was born. I've lived in... 9 states I think? Hard to keep track of them, but I always went where my job(s) took me and the housing was cheap, which even then was basically not New York or California or any major city. Currently in New England, and it's super expensive, but since I'm established now it's not completely terrible, especially since I live in the middle of nowhere. Eventually I want to move back down south, as the housing/apartments are so much cheaper in general.
Forgot the one thing the video really neglected to mention, and that's why housing prices are going up. The premise is big, evil, rich people are raising the prices to where no one can afford them, and that even in New York apartments are so expensive that 30-35% of them are vacant. Alright, why? From a money-making and business standpoint, that's make literally no sense. Vacancies are lost revenue potential, you'd drop your prices to fill up your units, happens all the time (similar to what hotels do). A more feasible explanation is something I mentioned in my previous post, where a city near where I live was caught overvaluing property values in order to rake in more tax revenue... keep in mind, rates are based upon property values and current market values, and the cities play a HUGE role in this. Similar pricing occurs when you start having the government make deals with foreign investors for properties, etc. The video says that cities and governments have no motivation to make money (the reason why they should control the rent values), and that's a completely false assumption based upon a fairy tale at best.
That was pretty much the point of my original post, though I suppose it came off as semi-bashing Millenials? If anything, I don't bash the group in general, just those complaining that there's no way out and blaming <insert> anything... which drives me nuts. If the newer generation is expecting it to be easy and painless, it won't be, and even for previous generations it wasn't. I started enacting a plan to live on my own when I was 15, and I managed to get a house when I was 24, and I'll plainly say many of those years were extremely tough and painful. I was even working when I was 12 to start saving money, and that really wasn't something uncommon where I grew up to help ends meet, but that laid the groundwork for allowing me to succeed. I see a similar motivation and effort to put in work in some of the newer generations, but it appears to be less prevalent than the older generations.
“Society is endangered not by the great profligacy of a few, but by the laxity of morals amongst all.”
“It's not an endlessly expanding list of rights — the 'right' to education, the 'right' to health care, the 'right' to food and housing. That's not freedom, that's dependency. Those aren't rights, those are the rations of slavery — hay and a barn for human cattle.”
― Alexis de Tocqueville
I'm definitely in favour of restricting foreign ownership of property and land where it is reasonable to do so. Imposing taxes on foreign investment, restricting use and reducing capital gains tax concessions are good places to start.
I'm not trying to suggest that it's easy, I'm not trying to suggest that it's fair but it's definitely hyperbolic when people start saying that it's an impossibility or that an entire generation has no chance when it's not true
seems like obvious solution would be to buy your own place instead wasting money on renting it.
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this is the obvious solution and something which i did when i was still in univeristy .
back then i had 2 room apartment so i lived in 1 room and rented 2nd room to 2 students - their rent alone was easily paying mortgage.
and when i started to work i still was sharing apartment with 1 person (decided that 2 would be too much crowd)
people act like entitled brats who belive that they should get a 5 bedroom 3 bathroom house for themselves as start just because they breath.
honestly would never rent apartment as adoult - seems irresponsible to me to waste all this money which could go towards investment that buying a house is.
poor people are poor because they make very bad choices with where they put their money in.
This is a troll, right?
On the slim chance it's not, do you really think anyone would rather rent than buy? Do you think people who are in the process of building their careers can afford to save enough money to buy while paying 1.5-2k/month in rent?
Do you realize that 1 bedroom apartments cost >$1m in many metropolitan areas?
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'If you don't like it, move' isn't exactly a vote of confidence in the system. It's actually not a defense of the concept at all. The fact is that rent money goes into the pockets of middle men who are skimming the wealth from people who, in most cases, actually work. It's not a moral system.
so move out to suburbs .
sorry if you are poor then you simply need to stop pretending its other way.
if you make 3-4k a month stop pretending to live a life of person who is making 15-20k/month - you are either not in that place of your life or are plainly dumb if you live life you cannot afford.
same with poorer people - if they make 2k a month they shouldnt pretend they can afford life on level of 4-5k a month.
i understand that people make poor live choices - but they should pay the consequences themselves instead trying to steal from more succesfull people
As a Home/Property owner...
What's Rent?
We're all newbs, some are just more newbier than others.
Just a burned out hardcore raider turned casual.
I'm tired. So very tired. Can I just lay my head on your lap and fall asleep?
#TeamFuckEverything
Yeah, it is insane in some markets. As I said early, my rent went from $1400 to $2300 in 3 years or so. And that's 30 minutes out of downtown Seattle, out in the Lynnwood suburbs. I'm across the Puget Sound from Seattle, on the Kitsap peninsula, and even out here there are apartments going up everywhere, and even out here buying my house was still over $400k. The only plus side is it's been a year and the house is already past $515k in value based on the increase in prices around here.