Apartments for rent in Chicago are becoming more expensive with every year, causing strain for residents and making some wonder if they should move. FULL STORY: bit.ly/3RktuK6
What’s your point? Corporations buying up property and renting at exorbitant prices wouldn’t be happening if asylum seekers weren’t here. Section 8 is available to non asylum seekers. Let’s not pretend government isn’t aiding its citizens with welfare, housing vouchers and daycare assistance.
They are economic migrants, the last asylum seekers were the Vietnamese post war and the Vietnamese boat people of the 80s. Those were true humanitarian crisis caused by our involvement in SE Asia. The new wave of illegals deserve nothing and should be promply deported. @@smfarrie2943
@@smfarrie2943yes they are and the point is exactly what she said they are not having to worry about rent as well as they are already getting all these benefits you mention !! While here we are counting Pennie’s because we don’t qualify for these benefits you e mention so that is the point !!! N all the big corporations are being sold by the people that are supposed to keep Chicago from being sold !! To benefit there pockets !! Smdh
They don't have to worry because we the taxpayers are paying for all their needs. These Democrats cities have rolled out the red carpet for them. How sad...😢 Proverbs 14:34, we read, “ 2:34 Righteous exalts a nation, but sin is a reproach to any people.” This is what happens when nations CANCEL Almighty GOD, and it will only get worse. The moral and Godly principles and foundations of morality, family, accountability and fear of GOD have been calculatedly stripped from our homes, society and schools and replaced with complete lunacy. So, we have generations today who know not GOD!. Don't fear GOD, parents, teachers, police and anyone else. Rather, evil, immorality and degradation is the new norm. In Book of Ecclesiastes Chapter 8, Verse 11 - Because sentence against an evil work is not executed speedily, therefore the heart of the sons of men is fully set in them to do evil. Isaiah 5:20 -- Woe to those who call evil good and good evil, who put darkness for light and light for darkness, who put bitter for sweet and sweet for bitter! The LORD Jesus declared over 2,000 years ago this!!! Matthew 24:7 - For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places. Luke 17:26-30 "And as it was in the days of Noah, so it will be also in the days of the Son of Man: They ate, they drank, they married wives, they were given in marriage, until the day that Noah entered the ark, and the flood came and destroyed them all. Likewise as it was also in the days of Lot: They ate, they drank, they bought, they sold, they planted, they built; but on the day that Lot went out of Sodom it rained fire and brimstone from heaven and destroyed them all. Even so will it be in the day when the Son of Man is revealed." Luke 21:25-28 "And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring; men's hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken. And then shall they see the Son of man coming in a cloud with power and great glory. And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh." Isaiah 55:6 "Seek ye the Lord while he may be found, call ye upon him while he is near:" "Let the wicked forsake his way, and the unrighteous man his thoughts: and let him return unto the Lord, and he will have mercy upon him; and to our God, for he will abundantly pardon." Proverbs 21:30 "There is no wisdom nor understanding nor counsel against the LORD." Psalms 9:17 "The wicked shall be turned into hell, and all the nations that forget God." Proverbs 14:12 - There is a way which seemeth right unto a man, But the end thereof are the ways of death. Matthew 11:15 "He who has ears, let him hear." Psalm 14:1 - The fool hath said in his heart, There is no God Proverbs 29:1 - He that being often reproved hardeneth his neck, shall suddenly be destroyed, and that without remedy.
@@smfarrie2943 In NYC Section 8 is available for asylum seekers. CBS News, August 31, 2023, "The White House says funding is available for the NYC to provide housing for eligible asylum seekers families, which includes up to 14,000 vouchers".
Cook county has the most ridiculous property taxes. They raise the taxes and then rents go up. $1700.00 per month for one bedroom apartment and that’s in the bad neighborhoods.
I live in Virginia near Richmond an it's crazy a 1 or 2 bedroom with roaches in the worst areas are $1200-$1500 an a nice area for a 2 bedroom $2300-$2500 an 3 bedroom $2800-$3000 it's insane 🤦🏻♀️ were barley getting by an I'm blessed to have a basement apartment I moved in almost 3 years ago but if I was to have to move tomorrow I don't know what I'd do honestly an I know people that are living in tents an Vans cause they can't afford rent anywhere anymore even hotels are $400-$600 a week . I pray something changes or someone steps up an does something or we are all gonna be homeless or living 10 deep in a 3 bedroom just to survive 💯 It's a sad time we live in.
In a hotel someone is paying $400-$600 per week and what is he or her paying per month, and what are they earning each per month,oh my goodness how Live is so difficult you can't tell
Corporations are doing the same things with mobile home parks which many elderly and low-income people use for housing. They can't take their house with them and if lotfees keep rising and rising, They are out of luck. Driving people to the streets to live.
Must be nice for Illegals to get free Hotel Rooms, 3 meals a day plus snack, Wi-Fi, Cell Phone, and Politicians who are working hard for their best interest… All Paid but Chicago Tax Payers and Voters!
@@DaveAnderson-ic6oo I am just getting up to go to my job to get paid and have taxes taken out. Evidently you do not work or pay taxes. If you do have a job and pay taxes you are an idiot for your comment.
@@DaveAnderson-ic6oono, we are tired of working to pay taxes to bankroll illegal aliens ' new lives. we all know most of them are not seeking asylum... just more money as they all make demands from our country for more freebies. sad, veterans still on the streets while illegals up in hotels.. i'm not jealous... i just think we should not be paying for people's lives. send them back
Owners of the rentals are having to pay higher taxes. Landlords are not renting as a community service, but a business. Every time their expenses go up so do rents. Sad, but true. Stop blaming landlords and start blaming the politicians who are destroying this country.
Cook County Presedent and Pappas. Give them your thanks Chicago. Plus "Migrants". IT IS REACHING CRITICAL MY AMERICAN KIN. WE ALL ARE FEELING THE CRUSH.
Corporate for profit investors to make as much as possible, cutting maintenance and turning buildings into slums and selling out after maximum profit. Better housing in high crime areas, but not many willing to rent due to crime. Time FOR landlords to join forces to fight crime in such areas that would significantly broaden the rental market. This means hiring security guards and culling out problem tenants. IT CAN BE DONE, BUT THEY MUST DO IT FOR THEMSELVES. Stop waiting for the city to help, its not coming. Renters too must start thinking outside of the box to band together to start co-opts. Quite reasonably people want to rent in the limited housing available in low crime areas, which gives greedy landlords such power to gauge, nickle and dime them in fees. A coalition of renters with landlords in these high crime areas can break the cycle, with guards, and cameras, and keeping the hood rats out.
I'm in Flint,Michigan and within 2 years my rent increased from 500 a month to 700 a month for a 2 bedroom house.if the landlord raise the rent in 2024 another 100.00 I have to move. I'm struggling now.❤
WTF? You are complaining about $700 a month for 2 bedrooms? Were do you live, the roach motel? 15 years ago in Texas rent was that but now is $2000+. $2.5-3K for nnicer units. Just finance a home and own it for $1,500 per month people! Even $2k, but you own it.
It is mostly because corporate landlords. They bought single homes and apartments. Control both ends. You either pay for an overpriced house or renting an overpriced apartment. Some said it is because of supply and demand. With that much money they can buy many properties without sweat. Also they can also reduce amount of money into new properties development which also causes that artificial price hike
This is happening in New York City, Washington, D.C., Baltimore, Durham, North Carolina, Los Angeles, Boston, Atlanta, Miami, San Francisco, and other cities. Washington, DC and New York City does have rent control. I live in New York City (Manhattan). The median rent price in New York, NY for August 2023 is $3,724. This is $229 more than August 2022.
Arent ALL those cities SANCTUARY cities? You know, the ones that wanted and welcomed all the illegals coming over here? More commiing.. You guys voted for it. comes out of your taxes plus your landlords. Next election not till 2024,, guess how high your rent is going to go up by then?
Once she buys a home, she will realize that paying for rent wasn't so bad after all. If she buys a home for $500,000, she will be looking at paying upkeep/maintenance, garbage and sewage, water, $10,000 tax bill, mortgage, ever increasing costs from the insurance companies (due to crime), etc.... You get to keep the home at the end, but you basically paid twice the cost of the house before the end of a 30-year mortgage.
@@tvviewer4500 Capital gains will outpace the current mortgage rates? There is opportunity cost especially when there is an inverted yield curve. And you don't pay taxes on T-bills.
I live in CA. 9/1/23 my rent went up $40.00. My electric bill doubled. Street people break into empty apartments and use air conditioning 24/7. I pay rent can't afford to use air conditioning. I m sick. Pray God's will will be done as this crisis is resolved. You can't help being angry about the situation.
Chicago isn't an exception. NYC and Chicago suffer tremendous costs of housing asylum seekers. The city cuts expenses in vulnerable places to get billions for Asylum Seekers. The cost of housing migrants in NYC is extraordinary - "We are past the breaking point" - NYC projects a $12 billion migrant bill. Detailed single bill: $383 per night, including food, housing, and medical care (all for free for migrants), said Mayor Adams on August the 9th. To manage those expenses, Adams says the city plans to trim services such as library hours, meals for senior citizens, re-entry programming for Rikers Island prisoners, and free, full-day care for three-year-olds.
All due respect this isn't a migrant issue. At least in Chicago. Though they're probably not helping the situation. Rents have been rising well before Sleepy Joe opened the borders. If you were to look at IL full financials , you will quickly see the math isn't matching. Just my 2 🪙's
This isn’t a migrant issue, as you heard in the video these are corporate owned land lords. They have nothing to do with government funded living for migrants
It's just the start, keep the Busses Rolling. Open boarders for all. Aren't you glad your man Biden is doing such a great job, makes the last president look pretty good now doesn't. Let's go Brandon
As an Illinois homeowner I think the real story is relentless tax increases. Mine have doubled and risen again in one year. My brother has a condo in Chicago and his property taxes tripled. Its no wonder rents are going up. These places have no choice. You put rent controls on these rentals on top of that you will break them and end up with San Francisco, tents and crime everywhere. Just watch.
Rent moratoriums have consequences. Who would have guessed that not being able to evict bad tenants for 3 years or collect rent from them would cause landlords to drive up rent costs to recoup massive losses. Don’t get me started with insurance increases because of the spike in property crimes from “defunding the police” and not prosecuting crimes. Finally property taxes are going up dramatically in many areas including Chicago due to the plummeting value of the dollar from printing so many of them driving up the values of properties. The past 3 years were an exercise in what not to do from a public policy perspective. Hope you had fun, because now the bill is due.
Just say you're from Mexico and you don't speak English and you need help go to the immigration office and sign up free housing food bus pass they'll probably even give you a car
@@FingerThatOthey have a real strong work the system ethic. Those perpetually pregnant women pumping out anchor babies are the hardest working of all. Right? Please respond.
I pay stupid low rent at the moment but it's from a private landlord and he doesn't keep up with repairs. I usually have to hire someone to make them and subtract from the rent. I've recently went window shopping for a new apartment and I couldn't believe the prices! 😱 I don't know where this news team looked but I was seeing rents more like $2,300 - $3,000 in Chicago. My plan now is to save as much $$ ,get a side gig and stay here as long as I can. 😑
You have to be careful because if that landlord gets an OFFER TO UPGRADE he'll take that cash and you'll be getting a 30-60 day notice to vacate the premises. You better start making plans now to look around at some other options that you can grab up on short notice. I've seen these "dilapidated" buildings and they all get bought up buy " INVESTORS" that see a chance to make a $$$. Most of these investors have 1 American and a bunch of foreigners seeing American real estate/housing"as their new cash cow. This is why there's almost no state that's safe. People are running around scattering like rodents but they are being screwed no matter where they go.
Man I miss the 80's I was born in 1969 I just turned 54 this month . What a great time to be alive ya things were hard at times but my mom stayed at home dad went to work .And I lived on a 275 acre farm lots of open land we had it all. Man those were the days. Anyone got a freaking time machine please for the love of god I want to go back .
@@jimmydean358Since 1971, 😊The best U.S. president in American history, Richard Nixion, took us off the goldstandard. Leaving the dollar backed by completly nothing & the price, the cost of living has rising since then.
Illinois is shrinking very fast. It's among the three fastest shrinking states in US. But the housing shortage is so severe that there is still a supply-demand imbalance
I live in Milwaukee county. Rent isn't as bad as Chicago but it's still crazy high. I contacted rent assistance last week and they told me Milwaukee county has zero funding left and had to stop taking applications in June. As a single mom these prices have become completely unaffordable. Not sure whats gonna happen now. 😢
Rent increases plus student loan resumption is going to put a real drag on the consumer economy. People will go out less and they will buy less merchandise.
It’s the property taxes that is also driving this. Cook County has the highest property taxes in the country. Rent control will make this situation worse. I get so sick and tired of people thinking rent control will work. IT WON’T!!!
The US Government is going to pay the illegals rent for them bruh. Legal citizens are being forced out of their homes to make room for the illegal invasion. Didn't you see this coming ?? God bless Texas !! The illegals need to be sent home !! Thank Ole' joe Talibiden for this mess !!
Thank God when Covid hit we bought an RV and now we live in a reality nice RV park, pay $700 in rent and we own the rv. I don’t know how we would make it if we still rented an apartment.
Smart move! A lot of people would rather burry their heads in the sand and choose not to face the harsh reality of what’s to come. They do no thinking outside of the box like you managed to do…and when it all blows up in their face, they are in shock when their fairy god mother doesn’t show up to help. People need to plan better, instead of complaining about their shortcomings. Too bad more people aren’t doing what you did.
Watch out. They are coming for RV PARKS TOO. Just heard about several "senior parks" being converted and then becoming new -"multi-family" dwellings. It's always $700 to start. Then someone " buys it" and it goes up to $2300 a month for lot rent. Please start making plans to avoid this. I've seen so many of these things happening once the "couple" hits senior age and they don't have any other method to get back on their feet.
No problems with the economy where I’m at. Home prices up. Jobs everywhere. Inflation down to 3%. It’s probably just where you are? Alabama? West Virginia? Iowa? Too bad. Maybe when Trump gets out of prison things will change for you. Fingers crossed!! 😮
We're talking about a Chicago resident. They voted, now they're dealing with the consequences. Meanwhile just like they voted to be a sanctuary city these illegal migrants get better benefits. You want them to move around the whole country and spread this disease all over?.
Funds are buying any homes they can get their hands on as investments cause stockmarkets are and will be unstable....and they dont have interest in renting, just keeping them vacant ( cause they already have plenty of money ) and pay their annual taxes, as real state market prices rise...lower homes to rent...this is what happens....and politicians dont care cause a lot of them invest in these funds....
See what happens when some tenants don’t pay rents for months or even years…all renters suffer. As a landlord, I do my best to be fair with increases, but there will definitely be increases for years to come too, from the looks of it.
That's only a small part of the issue. The real issue is FOREIGN INVESTORS. China is buying things up and Americans don't realize how much the Bidens have turned Americans into play things.
@@eattherich9215I’m a capitalist… pretty sure I’ve read a few more books than you have. I bet I can buy and sell your entire family in a day too. 😂😂😂😂😂😂😂😂
I only made $48k a year when I closed on my condo back in 2022. I don’t know but I didn’t find it that hard to buy a home if you have about 3-10% of the home value saved up cash and some investments on the side (Roth or Retirement)… I pay $1000 a month with the mortgage, insurance and escrow combined. It’s possible you just have to do some research and move a little further away, get a cheaper car.
Both states are shrinking also. There are about 14 or 15 states that are shrinking in California and Illinois or near the top as far as the rate at which they are shrinking
Chicago needs more SRO - single room occupancy...They need to build more "I just need a room" buildings. Share the kitchen... with one thing different...a private bathroom. I wouldn't mind sharing a kitchen but not a bathroom.
My rent just increased $450. Now I’m having to move my things into storage and take my child out of school because I can’t afford to live in our apartment anymore. I don’t know what I’m going to do. I don’t have family since most have died and now I’m being forced to go back to my abusive ex (my child’s father) just so my child and I wouldn’t be living on the streets. Hopefully, I live to see next year 😢😔
Maybe he passed away, maybe he in the picture or maybe he a dead beat and don’t want to be in the picture. You get my point? It does not matter, rent is still too high across the city and suburbs. Everyday working people are suffering from rent increases that are way too high.
I think most people born and raised in chicago know where to find affordable apartments. Those rent prices from lincoln park and Wrigleyville have always been high not sure why anyone would want to rent there their are cheaper apartments in chicago in other better neighborhoods.
No, the other neighborhoods are dogshit that’s why nobody wants to live there. Do you want to dodge bullets in Pilsen for 1500? Or pay over 2000+ for a safety bubble in Andersonville
I been studying the fall of the Spanish empire and its so crazy were following in the same footsteps. I think politicians should study history so they dont make the same mistakes.
$1700 per month 2 bedroom apartment that is so cheap in chicago compared to california los angeles. california los angeles now $3200 for 2 bedroom apartment.
@@MrYega-zq7rz the landlord is not part of the problem. is the government part of the problem because government raise property tax 10% to 30% on landlord so landlord have to passs onto tenants landlord going raise rent to keep the tax payment to keep their house and apartments. you never own any house that is why you say landlord part of the problem. when you own one single family house you will understand who part of the problem.
@@ryanretirement6662 you just contradicted yourself, "the landlord is not part of the problem" then say "so landlord have to pass onto tenants landlord going raise rent to keep the tax payment to keep their house and apartments." landlords who are still making money regardless, does not HAVE pass it onto tenants the full amount increase, its hurting American middle class the most and especially lower class. If landlords cared about their tenants, join the fight to lower taxes instead of passing the problem to those losing more money to survive.
Chicago City Government needs more revenue! Rent going up because owners Taxes going up. Ya gotta pay for destruction done by criminals and homeless. And, for free housing, free food, free medical, and free phones for illegals. This is what you voted for Chicago.😡
Some landlords are greedy and would be unwilling to do ANY of the suggested things. They do not care if you move bc the next person will come in and they can charge even more for the apt.
If the highest rent increase was in Lincoln Park at 10.6% and the median rent increase for a one bedroom apartment is 10.3%, this means either all areas in Chicago are approximately at 10% (rent increases) or the use of the median is inaccurate. That is, if 10.6% is the highest, per neighborhood, than this means that most neighborhoods are significantly less than 10.6%. This means that the median/average rent increase should also be significantly less than 10.6%. This means either the analysis of the data is flawed or the rent increases in Chicago are so uniformly distributed that the median rent increase is the highest rent increase percentage. The earlier is far more likely.
Most people don't see the problem . The U.S. Dollar is worth less now than it was last week , that means prices for everything have to increase , what it also means is that you should be getting raises in you wages to match but large corporations don't want that . Financial Experts agree that a single person with a H.S. Diploma working at an average job that does not require higher education should be spending no more than 30% of their take-home wages on rent and utilities . Look back to the 1950s a family with 2 children could afford a home , a car , and 1-2 weeks vacation every year and in most cases the father was the only one working , ( a single 40 hour per week job ) and the family did just fine . SO THE REAL PROBLEM IS WAGES . Now I know there will be some people that say well if wages go up prices will have to go up again , WRONG . Large corporations have profit margains they want to increase year over year for their Stock Holders , but when a company like Walley world , (you know who I mean) is showing 150 Million more in profits this year than last year it's only because of slave wages . Nation wide , when the cost of living goes up by 30% there is already room for wages to go up by at least 30% .
Renting is still CHEAPER than owning a Condo. And dealing with HOAs is terrible. Just pay the rent increase and be lucky you are not liable for leaks, aging HVAC, repairs.
Its because of the increases in property taxes the past couple of years. And rent regulation will not phase national management companies and are unfair to small local landlords.
this is what happens when people see no problem in having a ridiculous amount of kids. too many people + not enough homes/ apartments= crazy price increase
That Just stupid owner asked me to and the law in Illinois doesn't protect rental ... And I get Pay less then last year the economy went down .... That's a corruption of the state charge the owner of the building More tax . The owner unexplained everything
It means the whole world people are suffering and struggling with the high living , what if for those who don't have work or they are not working anymore, is this the last days as we were told in the bible, because you can't imagine someone paying $2300- $2500 per month as rent and of other bills add on that
I once attended a wedding at a large converted factory in Ravenswood owned by the head of Hayes Properties. In it, was a whole fleet of very expensive cars, Rolls Royces, Bentleys , Feraris, Lamborginis, Jaguars, Aston Martins, from the 1960s and 70s. Picture James Bond's personal car collection. And over those hung a collection of huge retro neon signs. All worth a fortune. I've never been much of a class warrior, but that sight sure crystallized the difference between renters and landowners. I couldn't help but think of all the people scratching up rent to subsidize such a extravagant toy collection.
I believe it's high taxes in the City of Chicago because everyone complains about the new developments, building higher/high-rises in their neighborhoods or area, preventing the city from generating more money from the increase in units. So since everyone votes against it to their alderman, they raise the taxes on your property/existing priorities, which is obviously in short supply, to make up for it. The City of Chicago is not just increasing taxes for no reason, they have to generate funds somehow. Building taller, new housing & new development is the best way to lower taxes.
They're building new developments every week in Phoenix, where I live, why do you think everyone is moving here. Also, job creation is booming here which in turn creates new housing. Warehouses are popping up everywhere. Chicago needs to get back it's warehousing roots, and in cities within close proximity to the city. Build more warehouses, attract more people which in turns builds more housing which invevibltly lowers taxes.
