Rents need to be lowered, this is geting ridiculous

[FoulSmell]

lol rentcells. When will they learn?

Also, op is talking about the rent his parents are charging him. LololOllololOlloLolOlOlO

[blueberryboy]

Agreed, I have no idea what's going through people's heads with some of the home purchases they're making right now. Homes that would have sold for like $450k-500k like 2 years ago starting to sell for $850k within a week.

I have to believe that those people will regret those purchases in a couple years.Of course there's going to be deflation in housing.

Simple

Supply and demand .

[dopamine72]

Landlords are raising rent because property taxes, bills, repairs, maintenance and the overall cost of living went WAY THE FUK UP

We can't even raise the rent much higher to offset the cost of living (because renters are even more poor now) and we're actually making less money than we did a few years ago

Understand that BOTH sides are getting fuked today (landlords and renters)

[D00R]

You have wealthy people on social media telling the common folk not to buy a home while they are buying houses and renting them to you.

You have the common folk screwing you over to pay their mortgage off and pay for their vacations while you are eating fastfood and have no money to go out on dates.

How it is, society has been groomed to be in a losing battle of greed. Anyone know why that is?

[BackwoodsGa]

must have put at least 50% down so not that big of a deal

45 year mortgage.

[BackwoodsGa]

But what about repairs, property taxes, insurance etc? All those add up.

Still cheaper than being gouged with increases regularly.

[Leonydus]

I dont think people realize the scale of just how many people are coming in. they are bringing in the population size of 2 chicagos per year into this country of 75IQ migrants

there is no possible way to bring down ur rents boyo, or houses unless there is mass deportations of post 1965 migrants.

When we get into power, we will need to send them all back. the 1965 immigration act is null and void since it was written by jews and all of them need to go home.

[200StabWounds]

Still cheaper than being gouged with increases regularly.

a cheap but decent 1 bedroom apartment is only bout 900-1100/mth

youre telling me 1500/mth mortage + insurance/prop tax is cheaper? 1500/mth is only a 300k loan with a big down payment too and 300k is gonna get you waht? a 2 bedroom 1 bath starter home? (im talking bout in the city)

if you buy a super cheap home thats probably 80+ years old - than youre gonna have high af utility and maintenance bills

plus they raise your property taxes every year too

LMAO

[Anachron]

a cheap but decent 1 bedroom apartment is only bout 900-1100/mth

youre telling me 1500/mth mortage + insurance/prop tax is cheaper? 1500/mth is only a 300k loan with a big down payment too and 300k is gonna get you waht? a 2 bedroom 1 bath starter home? (im talking bout in the city)

if you buy a super cheap home thats probably 80+ years old - than youre gonna have high af utility and maintenance bills

plus they raise your property taxes every year too

LMAO

If you compare renting a box vs. buying a property, of course the box is going to be cheaper.

Just LOL @ rentard logic.

[ProteinEnough]

Landlords are raising rent because property taxes, bills, repairs, maintenance and the overall cost of living went WAY THE FUK UP

We can't even raise the rent much higher to offset the cost of living (because renters are even more poor now) and we're actually making less money than we did a few years ago

Understand that BOTH sides are getting fuked today (landlords and renters)

Maybe it's time for homeowners to break even or something to give the renters a break? Don't you homeowners feel bad the renters are suffering?

[jmal2000]

In Arizona there is a ring of apartment complexes that purposely increased rent across the board across the state that drove prices up for everyone. They made a news article on it. Grimey sht if you ask me.

[blueberryboy]

a cheap but decent 1 bedroom apartment is only bout 900-1100/mth

youre telling me 1500/mth mortage + insurance/prop tax is cheaper? 1500/mth is only a 300k loan with a big down payment too and 300k is gonna get you waht? a 2 bedroom 1 bath starter home? (im talking bout in the city)

if you buy a super cheap home thats probably 80+ years old - than youre gonna have high af utility and maintenance bills

plus they raise your property taxes every year too

LMAO

900 $ barely gets you an apartment in the hood these days lmao


U can't ever convince me renting is a better option because it simply isn't.

[r32gojirra]

But what about repairs, property taxes, insurance etc? All those add up.

Yes and they get factored into the rent that the landlord charges you, plus a healthy profit.

If only there was a way that the money you paid in rent could be building your own wealth, instead of your lord’s.

Agreed, I have no idea what's going through people's heads with some of the home purchases they're making right now. Homes that would have sold for like $450k-500k like 2 years ago starting to sell for $850k within a week.

I have to believe that those people will regret those purchases in a couple years.Of course there's going to be deflation in housing.

Except you’ve been saying this since October lmao. Meanwhile millions are being made in the property market while you wait for a crash that never comes.

[blueberryboy]

Yes and they get factored into the rent that the landlord charges you, plus a healthy profit.

If only there was a way that the money you paid in rent could be building your own wealth, instead of your lord’s.

Lol this. U don't think those costs are directly factored In to price you're paying rent?

Ppl typically don't rent places out at a negative monthly cash flow
Lmao

[Destor]

Lol this. U don't think those costs are directly factored In to price you're paying rent?

Ppl typically don't rent places out at a negative monthly cash flow
Lmao

I think it’s probably pretty common to rent at a technical loss for normal landlords who take on a mortgage and don’t put a huge amount into the down payment to reduce the biweekly/monthly payments.

I’m renting out a house for $2500 right now and it costs more than that for the mortgage + property tax + utilities, but I’m not relying on it for income. One day it will be paid off and producing almost pure profit, or I’ll sell it and scoop up the extra cash that has been paid down by renting it out as it also appreciates in value over time.

[Anachron]

I think it’s probably pretty common to rent at a technical loss for normal landlords who take on a mortgage and don’t put a huge amount into the down payment to reduce the biweekly/monthly payments.

I’m renting out a house for $2500 right now and it costs more than that for the mortgage + property tax + utilities, but I’m not relying on it for income. One day it will be paid off and producing almost pure profit, or I’ll sell it and scoop up the extra cash that has been paid down by renting it out as it also appreciates in value over time.

Just because you're financially retarded, doesn't mean everyone else is.

Just LOL @ renting out a whole house for only $2500 in monopoly money beaverdollars, and running negative cashflow every single month.

Why did I even type all of that out, could have just went...

Just LOL @ beavercels srs.

[Destor]

Just because you're financially retarded, doesn't mean everyone else is.

Just LOL @ renting out a whole house for only $2500 in monopoly money beaverdollars, and running negative cashflow every single month.

Why did I even type all of that out, could have just went...

Just LOL @ beavercels srs.

You’ve never posted a single picture or detail for anything you allude to having lol, everything you post exists only in your imagination until proven otherwise

[Anachron]

You’ve never posted a single picture or detail for anything you allude to having lol, everything you post exists only in your imagination until proven otherwise

¯\_ (ツ)_/¯

[ProteinEnough]

I think it’s probably pretty common to rent at a technical loss for normal landlords who take on a mortgage and don’t put a huge amount into the down payment to reduce the biweekly/monthly payments.

I’m renting out a house for $2500 right now and it costs more than that for the mortgage + property tax + utilities, but I’m not relying on it for income. One day it will be paid off and producing almost pure profit, or I’ll sell it and scoop up the extra cash that has been paid down by renting it out as it also appreciates in value over time.

See this is a good homeowner. Not the other greedy bastards charging too much just because they want to extort renters for lots of profit.

[Anachron]

See this is a good homeowner. Not the other greedy bastards charging too much just because they want to extort renters for lots of profit.

Imagine having the mindset that the market rate is "too much" because of "extortion", not because of lack of supply.

But I guess you'd refuse a raise from your employer because you're not a "greedy bastard".

[theory816]

But what about repairs, property taxes, insurance etc? All those add up.

Property taxes in nice neighborhoods is probably alot but probably still come out ahead of rent. Repair cost is negliable.

[OliverHeldens]

I think it’s probably pretty common to rent at a technical loss for normal landlords who take on a mortgage and don’t put a huge amount into the down payment to reduce the biweekly/monthly payments.

I’m renting out a house for $2500 right now and it costs more than that for the mortgage + property tax + utilities, but I’m not relying on it for income. One day it will be paid off and producing almost pure profit, or I’ll sell it and scoop up the extra cash that has been paid down by renting it out as it also appreciates in value over time.

More people than you think are willing to have rental properties with negative cash flow solely for the Tax Benefits as well. There are a ton of ways you can reduce tax liability from a high W2 income job just by owning rental property.

[JT11RTR]

Property taxes and insurance costs keep going up so they just pass it to the consumer aka the renter. Just basic economics, rents due op.

[ProteinEnough]

Homeowners that rent out their stupid homes for stupid amounts have no idea what's coming to them. Worldwide recession is coming and these greedy jerks will be forced to either pay all their rental properties' mortgages themselves for 5-10 years or foreclose. The disinflation meltdown will be glorious. Then I will swap some of my gold and silver for these houses for pennies on the dollar.

[Anachron]

Homeowners that rent out their stupid homes for stupid amounts have no idea what's coming to them. Worldwide recession is coming and these greedy jerks will be forced to either pay all their rental properties' mortgages themselves for 5-10 years or foreclose. The disinflation meltdown will be glorious. Then I will swap some of my gold and silver for these houses for pennies on the dollar.

You're more than welcome to not rent "their stupid homes" for "stupid amounts".

And no, you will not be "swapping" anything for "pennies on the dollar".

Just LOL @ low socioeconomic plebs who think they are entitled to live in someone else's property at a loss.

[ProteinEnough]

You're more than welcome to not rent "their stupid homes" for "stupid amounts".

And no, you will not be "swapping" anything for "pennies on the dollar".

Just LOL @ low socioeconomic plebs who think they are entitled to live in someone else's property at a loss.

Check back with me in 2 years time when you're crying "I can't afford to pay all these mortgages, the banks are repossessing them tomorrow." I might toss you one silver round so you can eat that day lol.

[Anachron]

Check back with me in 2 years time when you're crying "I can't afford to pay all these mortgages, the banks are repossessing them tomorrow." I might toss you one silver round so you can eat that day lol.

Quoted for posterity.

Just LOL @ rentards srs.

[ProteinEnough]

Quoted for posterity.

Just LOL @ rentards srs.

I can tell that you don't understand macroeconomics lol.

[Bushmaster]

But what about repairs, property taxes, insurance etc? All those add up.

Don't think for one second you're avoiding any of that simply because you rent. Because you may not get a tax or insurance bill in the mail, but trust me, you are still paying it.

Same with repairs.. I have a rental with an ~$800 monthly mortgage. I get $2k per month rent. So if I have to replace a $150 garbage disposal, where do you think the money for it comes from bro?

[Bushmaster]

Homeowners that rent out their stupid homes for stupid amounts have no idea what's coming to them. Worldwide recession is coming and these greedy jerks will be forced to either pay all their rental properties' mortgages themselves for 5-10 years or foreclose. The disinflation meltdown will be glorious. Then I will swap some of my gold and silver for these houses for pennies on the dollar.

Why?

Are people suddenly going to stop needing a place to live for some reason?