A Group of Los Angeles Renters Fight Back After Being Priced Out Of Their Homes 

It's likely that the fair market rent is now $2,600. Seems like the demand to live there is much more intense than in years past. In years past a landlord would not be able to find a renter if he asked that much. Now, the demand is there so that's where the market is now.

@@spg5658 Thank you for the High School economics lesson. The DEMAND is there because the JOBS are there, but NOT the housing. The same thing happned to me in Burbank. Supply Side is not keeping up wih the Demand Side. I now live in Vegas. The last apartment that was built in Burbank in over 30 years was burned down by an arsonist in mid construction. Strange, wouldn't you say?

@@georgegant588 Well from the thousands of comments and news stories it seems that many folks do NOT understand the point in making about market demand. So it bears repeating.

It's Strong Armed Robbery

@@spg5658 The USA is 6,000,000 housiing units SHORT of the minimum needed. The Demand is there and so should be the supply in a FREE Market, but the Market is NOT Free, it is being manipulated for maximum profit and hardship, and this is happening across the country, not just California. 1) Biden's open border will add 8,000,000 more Residents that need housing. More Demand without Supply = more inflation. 2) Silicon Valley tycoons hold substantial Socal properties that are being intentionally withheld from development to raise the prices. 3) New York real estate investment houses, Blackstone and it's spinoff Blackrock are controlling forces that intentionally increase the cost of rental housing and therefore profits for their investors, in conjunction with their Silicon Valley associates. I'm a Free Marketer Republican and would love to see this American "Cartel" broken up!!!

Kid your government also wants more money. Property taxes (literally just rent to the government) just spiked $500-800 in Los Angeles since last year and it'll go up this year too. Cook County in Chicago had it worse with nearly %600 property tax increase over 5 years.

@@Misaka-gt5yj fetus, you're full of S. My property tax only increases about $200 per year in LA. It was been consistent and doesn't double like rents do.

Its always been more expensive to rent. The cost of crappy credit. Seems backwards but thats capitalism.

Not if homes are starting at 2 million. The home prices in San Francisco are insane.

Rents are comparable to a house payment. 600k house is going to be around 3k per month which is close to what rent would be. For the longest time some analysts said it’s better to rent as you don’t have to do house maintenance/repairs. But you can bet those same analysts were probably home owners. All I know is my mortgage won’t go up as long as I don’t use my house like an atm.

They are the ones causing this problem with zoning laws and refuses new building permits.

They did this to themselves

My heart goes out to the landlords who have not been able to evict nonpaying tenant for over two years! How would you like to have to support your neighbor and pay for their home heating oil or food for two years because the government told you you have to?

You betten Ya.

it is just supply & demand, goverment can only do so much; competitive free market & less regulation is just "good ole" capitalism

The only thing we can do is to advocate to relax zoning constraints and build more houses.

Use that time to go look for cheap housing further a way.

When my rent went sky high many years ago I saved money lived frugally and bought my own place. I packed it with people and then bought another property. Now I own more than 1. Get roomates!

@jason franklin When my property taxes double, my heating and cooling cost have gone up 50% and cost of labor has nearly doubled, yes Rent is going up. I do this as an investment, not charity work!

@@kadentstructuraldesign9929 No it isn't. We can establish rent controls, seize buildings, spend some of that 200 billion more allocated to war to first-time home-buyer programs, cap profits by progressive taxation, there are soooo many better solutions than building more. In California there are 1.2 million vacant units. We could pass a law that prevents people from owning more than one home. We could occupy all of those second, third, and fourth homes of the rich. We can go on rent strikes.

They Don't Care!!!!

Cry on the WEF, they are causing this. You're causing climate change for your carbon emissions as long as you are alive, they don't want that.

Rent moratoriums are largely responsible. The average landlord was left with being owed $27,000 per rental unit. With the moratorium now over they have to get that money back. So that largely responsible for higher rents.

The rent in Colorado Springs is outrageous. I absolutely agree. My son is a single dad looking for affordable housing for him and his children. I can only imagine rental cost elsewhere in Colorado.

@@riskyron1416 landlords are vermin. They hoard resources people desperately need. They don’t make anything or give anything of value. They only resource guard.

They? Blackrock and Blackstone are the government.

No, it is literally the government restriction of zoning that it causing the shortage. Zoning laws make it illegal to build all but a few number of luxury apartments each year. Under capitalism, developers will build until demand is met and prices stabilize. Tokyo learned this lesson and relaxed regulations for development in the early 90s, causing housing to become dramatically more affordable as supply met demand. Even today, you can get a studio in the MIDDLE of tokyo for $600/month. Meanwhile, in the US, we continue to zone most urban land for inefficient single family homes, and even land zoned for apartments is subject to parking minimums, height restrictions, minimum apartment sizes, and minimum site area requirements that make it illegal to build small affordable units. I am tired of explaining supply and demand to liberals, and then explaining the need for more apartments to conservatives. Both sides are making this problem worse and it is mind-numbingly frustrating.

No the government needs to stop these huge funds from buying up everything people living should not be a business

@@lvbadboy” people living should not be a business “ Do you think all food production should be nationalized?

The HOAs lobbying is also to be blamed for the zoning laws. They want less houses to keep property value up and to prevent overcrowding.

Exactly!!! That's happening in Atlanta and driving me to look further out into the country or another state possibly

Then they turn around and sell it for a price that only the rich could afford. They are purposely running the poor out because they have no use for them. They only want rich people who will spend more money in the community. All.about profit.

Just capitalism doing its thing.

Talk about rent control, everyone needs to go to their congressmen in state capital. Really put on the pressure. This is where the heart is and rent control. I only know of one place that has rent control and that is in N.Y. Dr. Ruth has r.c. and not because she is a doctor, but she got in at the right time (as in the 50's), I think that means she owns it.

Exactly. Many are barely making it at all we need new. Laws against greedy landlords.

Have you ever heard of cost shifting? It's the same factor that made healthcare, academia, and now real estate so unaffordable despite the nation spending more than any other nation on those sectors. The push for rent-controlled housing is part of what ruined California’s housing market. Prices are high because demand has outpaced supply, but the limited supply is a direct result of local policy. When the government says, “Only X of these can be built,” that limits supply, increasing price. When the government says, “You can only charge X for housing,” then builders build office complexes instead of houses, decreasing the supply. Low-income housing works for the people lucky enough to get it, but these policies ultimately incentivize poverty while driving up the prices for everyone else.

Just like I have said buy a semi truck just 1 and youl make 25k every month taking hole 10k after paying fuel. People don’t see these options just regular jobs nahhhh become a owner and semi trucking will easy have your rent or mortgage payed in 1 day lol. Y’all need to wake up and get better jobs

When you are the owner of an asset, you get to decide what to do with it.

There is always a 10% vacancy rate: remodeling, selling and vacation homes. Just like there is always an unemployment rate - you can't always have everyone working.

Not one American citizen owns the land they are merely renting it. If you don't this so. Good luck 🤞

@@thejuicerr You think you own property lol, miss a few tax payments for a property you outright bought and see what happens 😆.

@@yourmomsspermdoner not my land

Retired Folks need to take care of themselves instead of all looking like Russel Crowe.

@@klausmkl have you considered not breathing?

Ask the veterans how much the government has done for them. There's your sign.

How can they when everything is going out for the car, rent and grocers. See my answer from above, everyone needs to find that special program to help them get a decent or not housing, ownership.

go live in a affordable state

Buy together and buy during a housing crash! ;)

I hope you get every cent you were robbed of!

Taxes and taxes - need I say more

It was the profession of our ex-leader. It's a dirty business that has been taking advantage for too long.

WTF do you want to live in the gangland area of NYC? Why? Stop complaining than. Time to move. Pick up your butt and move, move, move. I know of many tiny home communities in Oregon, California, Texas, North Carolina and Tennessee where the owners pay 1/3 to 1/4 of what you pay. Thus, time to analyze your situation and move, move, move and stop complaining.

I was going to sell my house to move back to NYC, but now when I see the rents, I'm staying right where I am. It's absurd what they're doing to city rents. The average 1 bedroom now is running around $5k a month, and for that you get a walk-up with dirty windows and graffiti smeared all over the front of the building, and they try to call the area ''trendy". Yeah, right. Bars on the windows like you're living in Alcatraz. I love the apts with a backyard space. Nobody mentions the rats that run rampant through those backyards at night. They give you a backyard square of dirt and suddenly the rent is now $7200.00 a month. Are they crazy? People that can afford that rent, do not want to live in converted railroad room tenements, so who's going to rent these hovels? To rent an apt now in NYC, your income has to be 40 times your monthly rent. Good luck with that !!1

Exactly, I bought my house then too and MAN oh MAN...I'm glad I did!

Property taxes are doubling, ask Floridians..they are losing their house becuz the mortgage co requires property insurance that has now tripled or completely canceled becuz the insurance companies are leaving Florida OWNING your house is not a guarantee that you can afford skilled workers as you age and repairs need to be paid. Supply chain problems if you cant get a furnace or roof materials..Even with my paid off house I would not be boasting about it.& sounding .like other people are stupid..too many variables in one's life.

@@KC-dr3cg very true. Been thru that and your exactly right. I feel sorry for retired folks who worked hard for their homes and are getting taxed out of it.

I believe you are right. Mikael, they have a good deal to buy a first time owners in cali. Yes, I know, No, don't go there. I lived there for 11 years and I'm ready to buy out there. My jobs were always extremely good. But, I was in a troubled marriage, where everything had to go HIS way, or else, plus he had the worse judgement. So, I will be on my own, and loving it.

@@KC-dr3cg I agree. I never knew repairs could increase property taxes and overall property worth costing more in the taxes when the whole area is considered high value. I learned this when those home improvement shows raised the value of their homes. Many was a combo of bills and taxes to the home that forced them to sell. A woman I heard was selling her home because she can’t afford the taxes and repairs. She said something about moving to an area with a lower cost of living. I found out it is no longer affordable around where she plans to move. Idk what happened. But the property taxes are forcing people to sell their security of housing.

Rent moratoriums are largely responsible. The average landlord was left with being owed $27,000 per rental unit. With the moratorium now over they have to get that money back. So that largely responsible for higher rents. Two years of lost rent. Yes there is a valid reason for those increased rents. They are not in business to lose money and have their own expenses as well.

Not true, some landlords themselves are “renting” their property as well and money comes from you to them to who they rent it from. But even if they weren’t renting they need to rent market price or lose money, if it’s market price then not one landlord is in the wrong But the entire market.

The mini California of Texas. Don't you love what the Blues do? Lmao

They aren't doing it quietly because of sanitation. The landlord can charge more for more people living in the apartment. An extra two families, rent would likely double. Even with rent control, this is allowed as more people just moved into the unit.

Landlord is allowed inspections. They come by in the evening when all the families in the apartment are home.

@@donaldkasper8346 most places require 24 hour notice by law and stipulated in a lease

@@NadiaSeesIt You give notice and inspect the apartment. Correct. Evening when they are all home.

Dream on hahaha

Easies said than done, or it wuild have been already done. Americans aren't stupid, just shocked and broke.

Rent control is a great way to reduce supply and make the problem even worse.

@@thejuicerr No need to dream. We're coming for what's ours. Don't get in the way

@@pacificalliance3782 What exactly are you going to do?

The more poverty the more crime.

In the People's Republic of Communist California you can!

That's LA.

@@Tania-rg7jp So the city can just seize someone’s grocery store and give all the food away for free? I don’t think so. The building’s owners should sue. They probably want to avoid paying massive legal fees, but they’re getting hosed.

Look up Imminent Domain. It’s legal in EVERY state.

@@christopherdaniels2117 It’s eminent domain, and that’s not how it works.

@Phil What do you care about?

I’ve never lived in any apartment that included utilities other than water

I’ve never rented where they did all those improvements in a year, if ever. Also luckily where I live utilities have not gone up nor property taxes, when they do go up it’s modest. Also never rented where the owner was responsible for utilities.

@Trinacria Nelcuore yes, any smart business person would do so. If it’s costing you 2K to pay for the mortgage and upkeep of the unit, why would u rent it out for $1500, find a new renter who will pay market price.

Renters just wanting a Free Ride. Case of the Participation Trophy generation coming to fruition.

Have you seen the market rate for real estate in LA? It would only be cheaper if the city seized it for well below market rates. Otherwise, it is a money loser.

Of course he does. He wants the taxpayers to subsidize his greed.

I rent a 7 bedroom/5 bath house with 4 car garage on 23 acres for $153 a month. Had I not voluntarily raised my own rent 5 months ago it would be $133. My electric is $12 to $15 a month and water/sewer and garbage is $5 a month. Cellphone $3 a month and high speed unlimited Wifi is $12 a month. But then I left the US 9 years ago upon reaching retirement. Just dropping Medicare B pays all the home expenses as well as the $60 a month for 100% Coverage with National Health Care for both wife and self. Even $800 to $1000 a month here would be like having a $6000 a month income in the US.

@@riskyron1416 which country?

@@riskyron1416 cool story

Like LA, average housing to homeless costs the taxpayers $135,000 a year. Government and people working for it making huge profits.

The outcome of rent control is that owners stop renting and sell the units as condos and the management is the association that maintains it. This means less units on the market over time.

Time to move. Pick up your butt and move, move, move. I know of many tiny home communities in Oregon, California, Texas, North Carolina and Tennessee where the owners pay 1/3 to 1/4 of what you pay. Thus, time to analyze your situation and move, move, move and stop complaining.

When an owner buys a property, it is theirs to use as they please. As nice as it would be, not all landlords can avoid increases in rent. Some tenants tear up the rentals and a person has to have a way to modernize and repair units after each turnover.

The real problem is that you didn't buy a house 10 years ago. You could of been paying your own mortgage and not your landlord's. Also would of had plenty of equity but now.

Move to terre haute Indiana rent is cheap here compared to other cities. 500 to 800 dollars for a one or 2 bedroom or an. Older one story house with a yard. You pay your own utilities though. Some of these extremely high rents are what I live on for two or 3 months. I don't understand why the have.s don't want the low income. Disabled or elderly people to have a place to live.? It is so cruel to treat our citizens that can least afford it. This way but yet they don't want the ho Less living in the streets either. Whatever happened to having compassion for all people?. Instead of society only caring about richer eople without low income workers. In a week. The grocery stores and all services. Especially hotels restaurants. Gas stations. This country would shut down so fast we need to strike against all places raising rents an ungodly.unaffordable rent it mMes me so mad that these rich evil landlords are just out to screw the poor people. Let the rich people. Live in tent on the sidewalk and see how they like it. We all need each other in so many ways. We should want to be kind and reasonable landlords not treat other humans like dirt .oat role can't make thousands of doll are for the new rent hikes. I hate greed it works against man mind and their well being. Their should be new laws made about how .uch any landlord can raise your rent to exorbatent prices. Get mad people sue the cities mayor or vote out your worthless congressmen. ND governor s. Sho don't help people keep their places they rent. Every one needs shelter. It should be a right just like health care for all should be.

>purchasing a home that will be yours Lol ok you lost all credibility the moment you said that. Let's just say you did manage to pay off the mortgage. Try not paying property tax and see who actually owns that home. No one in America owns anything. Your government owns everything and you are just paying annual rent to them.

But your taxes increase every year based upon newer higher evaluations.

@@riskyron1416 property tax is like 1% If my house went up 100k in a year it would only be 1000$ increase in property tax payments

The issue is that these ppl that rent can’t afford a home or be approved for a loan, these ppl aren’t choosing to live in the dirtiest of apartments cause they don’t want to be a home owner…? 💀

@@Timothee_Chalamet_CMBYN exactly people are so foolish

These INCREASES are affecting home owners and buyers, ......INCREASED property taxes, utilities, water, repairs, maintainence, etc...

They bought it already

This is American greed. They call everyone else "communist" but pure American capitalism is evil.

This is ridiculous. Yes, there are bad and greedy landlords. But a great many landlords are just trying to keep up with the cost of insurance, taxes, maintenance, and still have a little left over to supplement retirement. Many even depend on that rent to pay their own bills. Why don't you blame the Biden administration for their failures which created this economic chaos.

You do realize that in most cases of this is because the taxes have raised

@@antoniocorvino7687 Since we are face with extreme high volume cases of homelessness, perhaps the Government should step in and not only monitor these landlords rental increases, but offer more tax incentives that would create a balance rather than an excess. That way we all can WIN!!!

The greed comes from landowners who don't want new housing built in their neighborhoods.

That's why it is the richest country on earth. Slave labor.

No, you need to find your own housing. In a free country, we have what are called private property rights. Its simple, pay what the OWNER wants, or buy your own house. Imagine going to another country and demanding that they support you. Shameless insanity.

Furthermore, whats pricing people out of their homes is the inflation caused by the criminal congress printing fake money, making it worthless while increasing taxes.

It's not your home when you rent. It is only your home when you own it.

@@by1310 👏👏👏

You need to learn how to spell.

I used to live near Bangor and was looking at different houses and couldn't believe the increase there. There aren't that many jobs there that pay what some of the renters are asking. Houses in my old town are selling for 300k plus I was like what r u smoking lol. Hopefully you can find something though best of luck to u.

Nicaragua where a 2 or 3 bedroom house rents for $80 to $100 a month. Room and Board is available for $40 a month.

Iowa

My pension goes farther in Mexico. God can stop 🛑🛑🛑 everything, so move where you can afford and it is safe. I moved to Querétaro, Mexico at 79. USA is too deadly and expensive. Move folks out of the USA God can stop 🛑🛑🛑 everything, so move where you can afford and it is safe. I moved to Querétaro, Mexico at 79. Jr

@@judithgrace9850 what?

@@judithgrace9850 Shut up 🤐

@@judithgrace9850 Buying property in Mexico makes it harder for the locals to afford to live in Mexico, which is just repeating the cycle of what's happening here. We need to fix housing in the US.

@@stancooksj Housing doesnt need fixing. Getting an education sets your future!

The problem isn't with owners being able to charge market rate, as they should be able to. The problem is that the houseing market isn't a "freemarket". It's being artificially constrained be zoning laws to keep the supply low in order to keep existing housing expensive. If this country had a functioning housing market, developers wouldn't have their hands tied in order to meet actual market demand for houseing, the available supply would be much much higher, and therefore prices would be much lower

Stop complaining than. Time to move. Pick up your butt and move, move, move. I know of many tiny home communities in Oregon, California, Texas, North Carolina and Tennessee where the owners pay 1/3 to 1/4 of what you pay. Thus, time to analyze your situation and move, move, move and stop complaining.

@@angellosmalefakis1321 I already did move. I mentioned that already. It's somewhat cheaper but rents are rising fast here too (Oregon). It costs money to move. Many people just don't have any. Why so nasty?

The real problem is that you didn't buy a house 5 years ago. You would have been insulated from price increases and built plenty of equity.

@@thejuicerr Oh gee thanks. I never would have guessed that.

Then how about you increase the supply of teachers and schools instead of putting an artificial and pointless bottleneck.

building more classrooms for the school. Most schools have a lot of vacation spaces. They could use those vacant spaces and build more classrooms.

That's not how math works. The kids and their teachers already exist, we just want to make their neighborhoods more dense (which implies more schools per square mile.) The number of teachers/kids doesn't change

We don’t have enough teachers right now, so how do you propose we increase what isn’t there??

@@elizabethjames5928 that’s not what I was talking about. You said their aren’t enough teachers to absorb the extra density, but density is a function of people per area not total number of people. So densifying doesn’t make anything worse

What I'm seeing is the result of a very successful social conditioning project, just look at the comments. Everyone is cheering on the government seizing the guy's property in the name of "the people." This is a socialist takeover, that's what's happening. "You will own nothing and you'll be happy." - WEF

And you have solutions for the tens of thousands of homeless we would have created? Or do they just wait it out on the streets with the rest of the homeless?

@@willieverusethis Everything would be just fine if we had done the sensible thing and ignored the virus. The death count would be about the same, but we wouldn't have been thrust into inextingiushable debt.

All they did was kick the can a little down the street. With prices rising those that didn't or couldn't find work will go homeless or move to a more affordable state. I agree, the shut down shouldn't have happened. After a few months we had enough data. Wear a mask, keep your distance, wash your hands, and should have opened it up 100 percent.

@@hoppingrabbit9849 QE as well, but more like dilution; much of that money was created at the moment it was borrowed, and realize that the vast majority of countries "borrowed" from the bankers, so the effect will be worldwide. One of he worst parts about the fractional reserve system is that when money is created, an interest obligation is created as well, however the money to repay the interest doesn't exist, so _more_ money needs to be created (borrowed) to pay it off. Basically, it's a rigged system that (given enough time) ensures that the bankers will own all tangible property while everyone else is saddled with unpayable debt. This was a huge victory for the international bankers.

Excellent idea

It will be cheaper because they won't include the cost that the landlord pays to themselves.

@@austincde , They will be responsible for the real estate taxes upkeep water bills

Tell that to an 80 year old that's been living in the same apt in their hometown for 15 years

@@willytompkins8115 I already did.

Yes sir

Exactly. You know what's interesting? The public school system does not teach this. I wonder why? Could it be planned demise of US citizens? All the while, they teach critical race theory, genderism, hate America 101, hate white people 102, and trans theory.

Yea, while the city raised the property tax this year by $800. Use your brain.

Anyone renting? Planning to buy in a couple of months but I have been wary to rent from condo owners. They can hike up the rent anytime.

Credit worthiness & back round checks are not abandoned just because a potential tenant is a voucher holder.

My mom kept a beautiful 1600 sq.ft. apartment in South Pasadena vacant so as to not deal with covid scammers.

@@YA-qj8fx There a great tenants out there with high paying jobs and integrity such as myself. You just have to find them. Sadly I have found LL to be very greedy when they find such tenants. Suddenly the rent is $500 more because “Great Tenant” is doing well and can afford to pay more. Their loss!!

That's what this is really about. The government wants the power to take away your business.

And that's exactly what will happen

Not true. Occupied properties only make money if you can charge enough rent to pay the property taxes and maintenance. Otherwise, you eventually lose the property due to back taxes. It's much better to have a vacant property than to have some person paying $1100 a month. $1100 a month won't even pay to have a house painted at the end of the year (something required by law every so often). Everyone wants to live in nice areas, but no one wants to pay.

@Scooby Doo how is it more profitable to keep units empty?

@Scooby Doo Absolutely. This is one of the most scary and ignorant comment sections i've ever seen.

@@dauntlessleodragon Are you serious? It was just laid out to you. If you have someone in there using your property and putting wear and tear on it while they aren't even paying you or paying so little that it doesn't pay for the maintenance, then it is more profitable to keep it empty. At least you aren't as much in the hole that way.

welcome to communism. It's all about to break.

They didn’t just take it. They bought it from the landlord. I think that’s perfectly fair.

@@theoblongbox4909 not if its a forced sale.

@@theoblongbox4909 By using imminent-domain they are forcing the sale. How would like it if the government forced you to sell an asset?

Yup, if they don't get a price they like tough.

Go get a worthwhile college degree

Yes. That's true. China buys up so much of America's property they own most of the country now.

Maybe the interest rate of their mortgages went up. Maybe the property taxes went up. Maybe they had to pay special tax assessments. You don't know.

Sounds like you're on the wrong side of the coin

In New York, there’s no such things as a $1k apartments. 1 bedroom will cost you about $1500+

Minimum wage in L.A. is $16.04.

It already well over $12 in LA

You would have to make 65k to 70k just for survival (rent, gas, electric, food).

100% Their neighbors did this to them. LA is deficient by 400,000 properties (as per NPR reporting) because of NIMBYism and red tape. Contractors don't even bother trying to create more housing in the city. Hence, low supply.

@@barthur8417 as per npr reporting 🙄 u try to sound intelligent and educated but the fact that you can't see how this will back fire on yourselves is astonishing

Correct. Are we a get my feelings hurt easily society? We're the mean tweets about you personally? If you name was not mentioned in the tweets, don't worry about it.

aint landlord's fault. Go make more money or move to lower rent home. Period. Move away if you cant afford

The CPI (9.1%) affects everyone, including landlords. The cost of maintenance has skyrocketed. Everything from materials to labor is extremely expensive and in short supply. You have to look at both ends of the spectrum.

@@thejuicerr Since the CPI increases OVER TIME, why all of a sudden has the CPI increased all at once? You've also gotta take into an account while landlords are busy creating increases, it's also important for the landlords to take into account that their businesses cannot function /operate without it's tenants.

@@thejuicerr Are you also saying that when the supply of demand decreases and so will the rental also decrease?

@@lisaingram785 The CPI is on a year-over-year basis. Rental lease agreements are typically one year. So after a year when it's time to renew your lease the CPI has already ran its course. The landlord obviously feels that there are people willing to pay more. That's a gamble the landlord has the right to exercise.

Yes, leslie, just beause you can , doesn't mean you should. But, you are blaming it on exploitation of capitalism, just like when a couple gets married, you should be faithful, and try to be the best mate for your other half, but just because you can have affairs and don't get caught, should you. Well, my brother is doing that, why shouldn't I? No reason, unless you want to face, the sequences, someday!

I usually tend to lean into free markets. The problem here is that it’s not a very free market. It’s rigged to serve corporations first. Someone making min wage working full time should be able to afford housing. At least a one bed one bath. But if you have investors buying up all the real estate and corporations with deep pockets bidding against families, this is what you get.

@@ocmetals4675 A lot of what your saying is wrong or not applicable to this particular situation. The investor issue affects the home ownership market, but it has the effect of shifting units from owner occupied to rental. What's affecting the rental market is old fashioned supply and demand. Too many people want to rent too few units. Rents wouldn't be going up unless landlords could find people to rent, and units aren't sitting empty. A big part of the issue is that for various reasons, many of which come down to government regulations, it's so expensive to build housing that it can't be priced so that it could be afforded by lower income people. Unless the government is will to build it at a loss, it just isn't going to happen.

Indeed. Back in the 1900s and 1910s, before regulation, there were plenty of cheap tenements for people to live in.

Renters don't own houses. Wherever you live is your "home."

@@YA-qj8fx yeah keep telling yourself that.

I heard a lot of ppl moving to Mexico and having a better quality of life.

@@jasonphilips4731 Yeah, until the cartels come around.

@@NecroDeath Or stay here and worry about school shootings, shootings in grocery stores, shootings in broad daylight, etc.

Querétaro.Mexico is safe.brautiful..and not as expensive as the USA or deadly.

Well, you need a job still,so.....

I wonder how old the building is, if it's more than 15 years old it should fall under the state rent control AB1482.

@@V.E.R.O. Any building after 1982 is not under rent control. This building doesn’t look like it was from the 70s.

@@Tania-rg7jp no they don’t 😭. I use to live in one and it got remodeled to a high end apartment and charging way more, I wasn’t entitled to anything

The landlord in most cases does not "rehab" the unit. They just make up the price for the same crap.

These ads longtime residents who have been there for DECADES. Did you kiss that part. There needs to be a balance between commerce and basic decency. I worked in downtown LA managing rental properties for years and we never needed to double or triple rents, and we certainly took in enough to pay each owner $20k per month, each.

Yet another downside of rent control. We need more units to reduce prices. Rent control makes the problem worse for everyone who is not it a rent controlled unit

I applied for a new unit and got it right before they did their yearly increase. I’m paying $1300 but the same units now are going for $1415, not a lot but am glad I got it for the lower price.

That can be said about war profiteering as well. There is no intelligent being named "market" that decides to double the rent. The landlord does. Just because he can do it does not mean he must. Blaming this kind of thing on an abstract idea is why we are in this mess.

@@willieverusethis People are in this mess because they never bought a home.

Then you refuse to pay. No one is forcing you to pay the rent.

Tell me you are poor without telling me you are poor.

@@ehren5347 People should be healthy, clean and housed without having to be rich. That shows true civilization.

Over 2 million ppl in the USA so not have access to running water or indoor plumbing- a large number are in San Fran living in old school apartment buildings that keep breaking down

@@larsonfamilyhouse That figure is disturbing 😳

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