I am a landlord for in Iowa. I own a few properties. Never raised rent on a tenant or charged late fees or took application fees, and I always return the deposit money. I try my best to not stress people financially especially if they are college students or if the have kids. What happened to renters in the past couple of years is criminal in my opinion.
You are not greedy and you are a good man who looks out for those less fortunate. I'm a single Mom who was renting for 10 years a 2 bedroom, 1 bath (1960s house 863 sq ft). The property was bought in the 90s for $31,000 by my landlord who lives up north. The oven didn't work, no smoke detectors. I paid for all repairs and maintenance on the house, I even bought Behr paint for the outside and painted his entire house, and new flooring. He wanted to sell and because I could not find a place to go to he said he would give me 4 more months at $400 a month more added to my rent which cut into my savings for a forever home. I paid it just to have a home for my son and myself to live somewhere. Moving along because that is all I can do. Also, never got my security back either. All places here in Florida want you to earn 3 times your rent a month - for a single Mom it is difficult.
Wish there were more landlords like you! What a good human you are! After 10 years as a great tenant the landlord wants to cash out his equity which is his right. But being told to pay the rent and somehow find money to move is overwhelming. Even a week's free rent would help, but no. He's going to make a hundred thousand or more when he sells, he's already rich. I just bought a tent in case none of the waiting lists for apartments I can afford pan out. I'm learning to walk again after 3 years in a wheelchair, on a fixed income, praying a door opens soon before I join the ranks of the houseless disabled with my two little disabled rescue dogs. I'm grateful everyday for what I have left, trying to hang on.
Mohammed, I was like you until couple of my tenants stop paying rent when covid hit for close to 1 year. They were gaming the system and after able to evict them, I not longer have sympathy and remorse and I will treat the rentals as business no more personal feelings into it.
Those who have a home, job, car, be thankful. So many do not. I am more thankful every day for what I have, which I never thought was much. Now, I feel blessed.
Yes, I am a retired senior, I have a very affordable, quiet nice apartment, and an old car that runs great. I have a 15 hour a week part-time job. So, so grateful. Don't forget to tithe, people. As you can. It's super important, and it makes you feel good too.
I saw this coming, and bought a house last year, 10 minutes after it went on the market. I did not hesitate. Not the best house in the world, but I knew I'd better do something, or we'd be in a world of hurt with the rental prices going up and up. My youngest son has high functioning autism, but he does live by himself, with minimal supervision. I'm going to leave this house to him in my will. In the future families will have to come together to survive. We have to take care of each other.
Good for you to have the insight to prepare for the future!!!! Having a home takes a lot of pressure off your back. I own a home and multiple rental properties, all of it is going to my family to provide generational wealth for my kids, grandkids great grandkids not yet born to make their lives easier.
Early in my marriage (2003 - 2010) me and my wife rented a 2 bedroom apartment in Sunrise, FL for about $850 per month. I recently called the leasing office of that complex to ask about a 2 bedroom and was told $2,250 per month. I currently own a home in PA, but I don't know how people can afford these prices. The families that make too much for assistance, but not enough to afford these prices are the ones this is really affecting. I feel bad for those who struggling and have no way out.
@@naturelover2292 Exactly. Yes, it sucks for them to work until 72 and 68 and can't have the retirement that they wanted. That's life. There were people who worked for Enron and lost all their retirement. At least they have their social security. They let the rent ran away from them 50% and did nothing. They can move to a small town in Texas where rent is 1000 a month instead of 1650 which will continue to go up.
I hope they apply for senior housing which is a good deal. In my area you can apply at the public housing authority. Once you are approved, they charge you 30% - 40% of your monthly income after deducting your medical expenses. Because it is a federal program, the buildings must be safe and well maintained. They are inspected annually. Some senior housing also allows younger tenants who are disabled to live there.
Some religious organizations have affordable housing available. And some of these include utilities or offer deductions for medical expenses as well as helping renters find transportation. County government websites sometimes have information on affordable housing. Senior centers may have a list of affordable housing options for seniors and disabled people.
I feel you.y rent just went up 100 but my husband is the only one working and we got two kids and because he works 12 hour shifts Its very hard fore to get a job around that but I'm looking. With gas prices food prices exc now rent increases not to mention we all have bills on top of all that...I can not believe what's happening.
We continue to ignore the senior citizens. I remember my grandma had the same issues. She had to do a reverse mortgage just to keep the roof over our head. In the end, after she passed, we weren’t able to keep the house. I feel so bad for the disabled family. Ugh.
Your grandma didn't have the same issue because she owned her own property and the fact she was eligible for a reverse mortgage means she had a significant amount of equity in her home. The folks in this video are in a much more desperate situation because they're not homeowners with a fixed mortgage. They're renters with landlords who can double their rent.
Your feeling of pity only go so far. How many of the distressed elderly are YOU taking in? Have those children double up and invite a couple of those elderly in to live with YOU! Now THAT would be constructive! I don't suppose having twelve million illegal aliens living in this country could be contributing to housing shortages? Biden seems to be bring in more every day. The cartels smuggle people across the border and hand them off to the Border Control officials, who take charge of resettling them across the country.
I think the government is wanting it - they are effectively eliminating the middle class. There will eventually be only the wealthy and the surf/indigent class.
Eviction moratorium shouldn’t have happened. These are the intended consequences. It’s all planned. Govt had zero business making landlords supply free housing. Did you think there wouldn’t be back lash? They were forced to run their business without compensation, housing families who could’ve paid. No one seems to care about the landlords, their mortgages, their taxes, insurance and upkeep though. They’re evil because they expect rent to be paid. Are your car debtors evil too? What happens if you don’t pay your car payment? They repossess the car. No one hates the car people though. So you didn’t pay your rent for two years and you still had a roof over your head but the landlord who lost two years of income isn’t expected to make up losses all while you still live there? All while taxes have gone up 25%, upkeep and insurance too. So consequently rents is raised.
What I wanna know is who in their right mind is going to pay $2500 rent for a 3 bedroom apartment?? The rent prices are ridiculously too high, and even in poor run down areas they are asking way too much. Rent here in the Dallas/Ft Worth area is through the roof, and getting worse everyday. Contractors and developers are coming here and buying houses and apartments increasing the rent, and not even bothering to fix the place up. Then they are building these so called "luxury apartments" all over the country. These ugly four story apartment buildings with no patios , no balconies, no fire escape, no freight elevators, one way in and one way out, which is dangerous. They look like and remind me of military barracks and prison housing. They know exactly what they are doing and have an agenda.
How do you know they are asking way too much? If the mortgage is $2,500 per month, and they lease it for $2,500 per month, they will lose money. Has common core math already done this much damage to our country?
By this time next year...central and south Florida will begin looking like L.A., Seattle and other cities with a ginormous homeless population. It's Sad.
@@consumerdebtchitchat I live in Tampa as well and it’s starting to feel like NYC, the state of Fl convinced people that homelessness doesn’t exist here but just wait and see in the upcoming months.
Developers followed techies out of west coast cities, they largely landed in Phoenix, Atlanta, and Tampa, Tampa is already losing them because the quality of life they expected just doesn't exist there. I have never seen a city loose so many new residents, its rather fascinating. Of course rents aren't adjusting, the market is rigged.
Infuriating and heartbreaking. I'm terrified that my rent will be tremendously raised at the end of my lease in Nov. I can barely afford my rent now. I'm disabled, in a wheelchair, live alone. I don't know what I'm going to do if that happens.
True. Ones I applied for food stamp in I was making $5.50 in 1997 the front desk lady said I made to much to qualify for food stamp um $5.50. First and last time for me. I never step foot at the DES again.
It's sad to say we live in a place where our elderly population are forced to work into their seventies, eighties and beyond to provide basic needs of life (shelter, clothing, medication). While i get that raising the rent is not against the law, raising it by 50% to 100% is excessive. I live in NJ and even with inflation my bills have not doubled. This is greed But then again, this is the American way. So many of these families have worked and have paid into the system all their lives just to end up needing a hand up. That's not ok on any level.
Not if the elderly prepared in their youth. Between the ages of 18 and 65 there are 47 years of adulthood to make adult decisions, school, work, part time jobs, overtime to buy a very affordable house back then what was easy to qualify for and to invest. I did as a single mom as a hairdresser. So many back then simply didn't bother to prepare. My friends laughed at me for putting a few dollars into my savings vs going out for happy hour. Today is a totally different world than we had back in the 1980s. So much opportunity then, but so few took advantage of it. I did. I'll pass my investments on to my kids, grandkids and great grandkids that aren't born yet.
What are you talking about? The elderly that live in my town have high $$$ pensions they retired on from up North. ALL that money those states like NY will have to pay for the rest of that persons life will now be spent right here in SW Florida! HAHAHA
You do realize people used to die in their 60s that was considered old age. Now with technology and advancements in the medical field people are living longer than before. You know this is happening and should be saving up for retirement. You should have a paid for home. If you have a home in your 30s and just do the minimum payments you will have a paid off home in 30 years.
Sending prayers to all the people suffering from this crisis. May God have mercy on this single mom. My heart hurts for her. This is so sad 😞 God Bless everyone
Can you imagine being a military vet and the landlord says he is thankful for giving him his "Freedom" and the telling you GTFO if you can't pay the 75% rent increase.... Sad
@@sarahsimpkins1311 Yep. These videos are good to watch to let you know what you life will be like if you don't prepare for your old age. Fortunately many boomers and all gen xers still have a chance to fix their life to live better in retirement. The older people that are 80 and older, it's almost too late for them cause they are too old to do most jobs. They are kind of stuck with what they have.
This is crazy. I'm a landlord in MD owning a few properties. I think it's against the law to increase the rent by such amount. I didn't increase my rent for any of my properties for the last 2 years because I knew my tenants were struggling with COVID. Not all landlords are as greedy as their landlord.
Wow, that’s great. I’m in the PG county area and that’s how my mom’s landlord is. She’s been renting his home for almost 10 years and he’s never increased her rent. That would be great to find a landlord like that for me and my family. I’m currently active duty but will be separating soon and I would be so happy to find a landlord like my mom. I wish there were more landlords like you and him who has an understanding. Thank you!
Florida and Texas are perfect examples of lack of tenant protection. That’s why they both deny expanding Medicaid and try to refuse federal government guidelines, so the states control everything.
I ended up homeless myself, I just live in a tent in the woods. I got a full-time job but can't afford rent. Got gym membership to shower and laundromat to do laundry.
Been there, done that for three summers in my college years to save money. I had to work my way through on my own. My folks couldn’t help. There were nine of us, well, six still at home. Jimmy was killed in Vietnam, 1968, Marsha got leukemia and died at age 12, and I turned 18 and was expected to move out and take care of myself.
@@mariekatherine5238 ya I've been on my own since 18 also, me I'm a country boy so I left looking for more opertunity where I was there wasn't nothing. But didn't realize rent was so high before I lefy
P.S. I grew up going camping, hiking, canoeing, from an early age, with my older siblings, Dad when he was on leave, my cousins, etc. We did it for fun, but I learned lots of skills and enjoyed it. So when I decided to camp out for the summer in college, it was by intent, not default. Figuring out how much money I could save was the clincher. The tent was set up in a grove of pines in a place typical college kids wouldn’t find. There was no trail and I went some length not to create one. I had a friend fix up an old balloon tire bike I’d found in somebody’s trash, added front and back racks and panniers, a plastic milk crate in back and there was my transport. It was about six miles from campus in a direction college kids just didn’t go. There was nothing but a scattered homes or two, the next town, 14 miles away. There was nothing there for the college crowd. A cluster of rundown houses, a tiny post office, a very small, decrepit single pump gas station with a one-bank auto repair, tools and parts all jumbled up. For sale was an assortment of lifesaver’s candy, Three Musketeers bars, and M&Ms, cans of Coke, root beer, and 7-Up beside the ancient cash register. There was one nicely fixed up Victorian home with freshly paved pull through driveway and a small parking lot on the side. It was the home/office of a recently graduated dentist opening his own practice. It was many miles until the next little group of homes. I actually did a lot of productive studying living out there. It was quiet, only the noise of wind in the pines, birds, an occasional bobcat scream in the distance at night. I liked it so well, I repeated it the nest two summers.
I lived in a broken car as I couldn't pay rent. Students from the local beauty school would come to the convince store where I worked for snacks and talked me into going to cosmetology school. I went to school on my days off for almost 2 years. I quadrupled my minimum wage income as a hairdresser. I had to become more so I could earn more. It was very hard but I'm so glad I did it.
You got to invest in yourself to become more so you can earn more. That's how I did it ages ago. I wasn't college material but I was beauty school material. I was a hairdresser for 30 years, the first 20 years I worked 10 hours a day 6 days a week. It was hard but I was able to buy a house and some nice rental properties. You simply have to do everything you can do to make it happen. After 20 years I took a week off, my first vacation, boy, that was nice. Investments kicked in and I could work less and live on passive income. It never would have happened had I not knocked myself out for 2 decades, but ever since been on easy street.
@@eckankar7756 I've read some of your comments under other comments...you are 69 yrs old...no wonder you can say your on easy street because back in your day things were cheaper...you could make a $1 stretch in the grocery store...you didn't have to have a license to do hair in a Salon if you didn't want to...well grams this is my day and you can work 2 jobs and still can't make ends meet. Nice try of trying to make others feel bad for trying boom baby.
Then why am I comfortable at a low income with my cheap old home on cheap rural land I own free and clear? CHOOSING WISELY doesn't SEEM to exist anymore, but people do. Learn only useful things, have only useful interests, focus on learning life skills from DIY to financial planning, and do not live in expensive areas. The whole US is not Florida or CA or NYC. People have choices when they''re young so make the right ones. They are all obvious but folks don't listen. My disabledbros own their lots and trailers too. They ain't pretty but that isn't important to an adult mind. Efficiency and saving money are. Copy success while learning from other peoples mistakes.
New developers are trying to convince the public that people want to rent homes instead of purchase them. This video is a good example as to why they want you to believe that. It's so they can jack your rent because renting is where the money is at for developers. My 2/1 modest Tampa condo that cost 100k in 2020 is selling over 200 k. The 1/1 third floor 750 sq ft condo above me, sold for 65 k in 2020 is flying off the shelf at 175. If you did not purchase Tampa property early to mid pandemic it is no longer a bargain to purchase property here and definitely not to rent here.. In 2 years my old apartment rent went from 1,000 to 1600 a month. No washer dryer 675 ft. Do not move to Tampa if you're looking for a bargain. My condo is nearly paid off but I refuse to ever sell it until I have the keys to another place in my hand. This housing situation has totally changed the way I will go about selling.
wow...I've never been to Florida, the photos look so beautiful, I guess I see why everyone moves there. It's out of my price range. You're right, a bit late to buy now. I'm glad I bought in Az years ago. my house is long paid off and my taxes and insurance are only $107. a month.
This is an example of why I will never rent a house or an apartment ever again. I bought my house with the assistance of a first time home buyers program and my mortgage is way less than the rental prices in my area. Granted I live in Washington state but I would imagine that Florida has a similar program. It's worth looking into.
@@sandyrose2398 there is no way out of what? Renting? I bought my house during the pandemic. It's not impossible to do. Mortgages are cheaper than rents in Washington state. Washington state is even more expensive to live in than Florida. If banks were running out of money then how come people are still getting loans and buying houses? Give me a break! 🙄
Yeah you can buy the house but is it really yours? If some business man wants to run an Amtrak through your front yard you will be removed and they will give you a payout for less than the value of the house.
@Jaclyn Shorter. Don't get too complacent just because you currently have your own property. Maybe you still have a mortgage you're paying off, that means it isn't yours - Yet. Even those that own property outright, any disaster can happen that forces you to sell or move against your will. yup, NEVER get too complacent because one day, you just might be forced to rent through no fault of your own at some point in your future.
Imagine the emotional toll on children in these situations! And the negative psychological impact on seniors who have never before had to struggle to have a roof over their heads! God help us all!!
They need raise the affordable housing qualifying income requirements since rent went up so drastically....its leaving out workers who didn't make a lot while rewarding non workers.
It doesn't matter if they do there are no homes to rent so even if you have affordable housing you got to have the house there to move into and there are none
What about Habitat for Humanity, are they in your area? They build or renovate houses, townhouses, etc. and offer 0% mortgage. In my area it is an amazing deal because houses here are usually $215,000 - $300,000 on the lower end. Look at the website for income requirements. If you are approved, you must do some sweat equity 250 hours worth.
This is happening all over the country even affordable housing is 3+ years low income and seniors on fixed income are being forced out onto the streets 50% of homeless are seniors
The FLorida legislature doesnt ever approve rent control, which would help this. People need to stop voting for the republicans that dont want to help people. They believe in individuals pulling themselves up by their bootstraps. They create these messes. THese people could go to the midwest where the rents are dirt cheap compared to FLorida
Exactly WHO 'fixed' senior's income??? I'm a senior, I own a paid off home and rental properties and have savings and investments that I bought working as a hairdresser, single mom with 2 kids. Why didn't others my age? It was crazy 40 years ago how my peers didn't bother to buy a very affordable home then that was easy to qualify for. Honestly, back in the 1980s it was like everyone was just living for today with no though of tomorrow. I thought about tomorrow. I was the Little Pig that built her house of brick. The Wolf always shows up one day or another. Be ready or be sorry.
@@eckankar7756 sometimes other peoples circumstances are not conducive to have a savings was in a decent situation due to bad insurance on my job of 30 years my medical bills took everything so not everyone has been as blessed as you so don’t judge
@@wendypickett7785 You're delusional. Then you should have changed jobs, moved, you're not a tree, your not stuck in one spot because you have roots. The ADULT decision would be to do some adjustment to your situation to have better insurance, more pay, work overtime, second job to provide for yourself than just. keep on keeping on, status quo, sinking rather than swimming. YOU chose to stay in that situation, don't play victim, you failed to provide for yourself or your family.
YES. it is.. I wonder why the two that worked till they were 68/72 didn't buy a house. I'm 69 years old and was a hairdresser and I bought a small affordable home decades ago. It was easy to find, afford and qualify for houses when we were young. My coworkers laughed at me working over time to pay off my 30 mortgage in 14 years. I am baffled why people my age never bought a home when it was so affordable and simple. Reminds me of the story of the Grasshopper and the Ants.
@@eckankar7756 I agree. Our first house cost 48K in 1978. It was big enough to raise a family in, though we didn't- and we weren't tossing out $500 a month in rent anymore. We gained equity and moved up. Although I feel badly for these folks, they have made some bad life decisions. Even if they wanted mobility, they could rent out the house they owned and lived anywhere on the income.
That’s what happens when you’re “middle class” you’re not eligible for subsidized housing and you can’t afford to buy. Unfortunately Florida is trying to wipe out the middle class. Lived there would never go back
@@Darkrider8893 your right, But this is a Florida story, it’s a smaller state and basically if you can’t afford it where do you go? These are troubled times, and I truly feel for these retirees.
@@gisellegonzalez2628 You think just a problem in Florida? People are struggle all across the country right with this issue. People are running out of places to go and it's sad to watch
@@Darkrider8893 No I do agree with you, listen I just got off the road, I was living in my camper van for 3.5 years, I loved it but I had to settle down but I do know that I have options if this should happen to me. So I know first hand what a nightmare this is.
Like I have always said. There is no room for the middle class. Its a lot of stories for people making too much for assistance but too little to get by with inflation. At this point no matter how much you penny pinch it really doesn’t help. Financial education only goes so far when your pay isn’t enough. We have a serious housing,food childcare cost issues.
Yes it does matter what you do with the money you make. Stop wasting it. Prepare for retirement. These people want handouts after decades of not preparing. I don’t feel bad. They want a property owner to take losses because they failed to be ready. Nope
If you are in the U.S. and are not understanding how this situation is going to affect you, even if you are not a renter, even if you own your own home outright, you have your head up your ass. Imagine a world of desperation caused by situations like this. Imagjne the homelessness, lack of services you enjoy (there won't be people to wait on you in stores, there will less crap to buy and the cost to buy useless crap will go up, and the crime will exponentially increase, less fire and police protection, less available healthcare). Imagine you're then only one holding a plate of food in a room of hungry people that hasn't eaten in days. Yeah, that's what 2023 is going to be like. You'd better start preparing now.
@John Doe 😂 No we’re not smart enough or have the balls to do that. We have mass shootings on children instead. Or we’d rather tell a bunch of old sick people to keep running around the country looking for cheaper rent. This boat is gonna sink.
True. It is going to be a spiral because the service industry is going to be wiped out because people working those jobs won't be able to afford their rents and will have to move to another state and there will be no one cleaning the hotel rooms or at the front desks. Fast food places are already having trouble staying open because they can't find employees even though they are paying more than minimum wage to start and now rent is being raised way beyond what someone at that wage level can afford. Florida is going to consume itself.
You got this starting with the day you elected Biden, and he started rescinding every executive order that Trump had put in place. I must say, for Democrats, I couldn't be happier for you. You got what you voted for. Biden promise green energy and free stuff for all, except the middle class is left to pay for it. I have zero sympathy for Biden voters.
We’re too busy paying for the war in Ukraine and housing and feeding the thousands of illegals flooding into our country. If I were a landlord, I would much rather have steady re t from reliable renters, than those who may not be able to pay outrageous amounts.
They put themselves on the street or are you too blind to see that??? They moved to Florida 5 years ago and could have purchased a home. Instead they rented someone else’s home and are made because the rent went up. Even if the record inflation never hit the over could have still made them leave for one reason or another. Or of one of them passed away the other wouldn’t be able to afford the rent. Learn how to apply accountability.
@@A-Thomas Such an ignorant statement. In some countries it is considered a dishonor to not take care of the elderly. Living on a fixed income many can't afford to buy a house or even a condo because of association fees. Don't talk about a lack of planning because people invest in 401k and other things and the market tanks wiping everything out. Social security that people paid into for years, and the talk that it wouldn't be around in a few years.
@@boxesbinslidsllc I see you ignored the facts and went for the emotional approach. The emotional approach is what leads to these outcomes. And by the way these countries you referenced the elderly are required to put in their part to society throughout their working lives. In America we are allowed to be lazy POS’s and then live off of those who worked. Then comes you to tell the rest of us who work hard how we are supposed to care for the lazy. Also to be clear I pointed out that the couple put themselves in that situation by not investing in their own property even a small condo when they first moved to Florida. You for some reason think they shouldn’t have to but the landlord should be the one to suffer for their financial decisions. Why don’t you put your money where your mouth is and pay their bills for them or shut up.
@@A-Thomas No one is being "emotional" it I pure greed. Renters are facing the backlash of the eviction moratorium. Landlords were also able to take advantage of the COVID funds. You're blind if you can't see the agenda at play - two classes of people. You mention them buying a condo which has association fees and special assessments. The one condo I looked at had monthly fees of 1200 dollars which was more than what the mortgage would be and subject to go up. I like to see if you'll have the same arrogant attitude in the coming months when your in the same boat as the stock market and housing market crashes. Let's see if all your planning is recession and inflation proof. Good luck with your prideful attitude.
Yes, we are. And all the subsidized housing is being taken by illegal aliens. Go look around and you will see. The government is letting them live rent-free. Let's let more in. We don't need a Southern wall. These people just want to come in, take your job, work for cheap, and the government will take care of you.
Saw this coming especially In New York... had a massive urgency for the last 3 years to buy finally did it this last December with my brother we bought a multifamily and locked in our housing cost right before the rental price surge ...time to hunker down and try and weather the Storm
God is watching 👀 how we treat each other and He is going to make us accountable .. Rent pricing renters out is greed..greed is one of the deadly sins..I know what it feels like..keeping everyone in prayer 🙏🏽
@@ricovelas not only that but financial education was rarely taught. Heck it’s still lacking. My parents didn’t save anything. They never learned how to invest.
If I were the elderly couple, I'd move out of the country to somewhere like Panama, Costa Rica or Portugal. Somewhere where you can live like a king on as little as $1k per month. Their only other option is to go back to work, something that might not even be possible, based on their physical condition. As for the woman with the three kids, she's in a tough situation. She's not earning money from social security and even if she were, she has a special needs kid. Honestly, I don't know what the solution is for her.
We DON"T need more federal interference in our lives. Let the market forces work. Evidently there are enough people who can afford the rents as the landlord certainly isn't going to sit on "empty housing". Yes, some people will "get hurt" but if the FEDS step in, everybody will be hurt.
Yes because the last time the fed mandates happenedit favored only the tenants right? You got to steal from your landlords and live for free for a couple years. You people seem to forget that. Well these are the consequences. Too bad
Before I was able to find another place when priced out of another. But now I need to move out of Florida. Can't get help while working for affordable housing. Knew this would happen rent has increased non stop. The greed needs to stop. And people don't make 3 times the rent.
In Canada you can't increase the rent beyond 4% a year unless the landlord can validate a higher increase due to proven investment and upgrades in the rental property. Even if this is the case, increases of 10-15% is usually the max. 50% increases simply can't be done here for lease owners.
We rented a small house with a tiny pool in arizona several yrs ago for a week, we were stunned to find an older couple living in a shack in the back yard. they were very quiet and kept to themselves, no trouble at all, but it was an eye opener.
Where those the owners? When I bought my first rental unit I ended up renting out my house too and moved into an apartment as I could make more money renting my home out than living in it.
Breaks my heart for those people, I can't believe how greedy some people are. I am a property owner and my taxes went up significantly I only raised tenants rent by $50 after 3 years of charging the same with no raises.. just because of the property taxes went up I had to do it this time
Should you be forced to sell your car for $10K when someone is willing to pay $15K? Free Florida is a popular destination. Time to move to a cheaper state.
@@dynodon9182 This isn’t someone selling a car. And no one is being “forced” to raise rents 30, 40, 50+ percent. It is a choice. Choose to raise rents reasonably, or choose to raise rents only to get rich despite that wealth being made off the pain and misery of others.
This is so heartbreaking and frustrating. I blame the government and these greedy landlords. I know the governors and the AG can do something about this.
Lets say you sell apples at a farmer's market. Typically you sell apples for $1 each. The next year, all the other vendors are selling apples for $3 each. Are you still keeping your pricing $1? Do you know how much expenses have gone up? Insurance, taxes, repair men, building materials, etc? Please understand economics before blaming landlords.
@@paragshah5265 I do know about economics, and some landlords are just being outrageous with the rent. I know everything has gone up, I am a landlord as well. And raising rent by a 1000 is just out right robbery
Florida has elected charlatans and grifters for the last couple of decades. Rick Scott literally frauded hundreds of millions from Medicare and got elected governor, is now a senator. DeSantis thinks he is a banana republic dictator, and FL is out to prove him right. All its going to take is a good hurricane or two and there won't be much left of the state.
As a Florida homeowner, my house insurance went from $1,200 annually to $4,700 annually in THREE YEARS. Some quotes were over $7,000 to insure my 1,300 sq ft home. My deductible in a hurricane is $5,800. Landlords face similar increases. Building materials to maintain dwellings and hourly rates for plumbers and electricians have skyrocketed. Everyone here is getting screwed, not just the renters.
I think you defined the problem in your first 4 words "as a Florida homeowner". I say this respectfully, have you considered moving to an area where your skillset would allow a higher living standard? I think Florida has become a place for only the wealthy.
@@steven4315 , I live right on the intracoastal in a lovely, mortgage free, 3 bedroom home. My city is one of the ten safest in Florida. Dolphins swim 100 feet from my front door. I walk the beach at sunrise every morning. My expenses are 1/3 my retirement monthly income. I'm not wealthy, but I worked long and hard for 50 years to be where I am now. But I'd gladly hear any suggestions on how to make my standard of living even higher.
It's moments like this I'm thankful I own my home on a fixed interest rate. I can't imagine raising prices like this if I owned rental properties - they know folks aren't getting compensatory raises. Pricing themselves out of the market.
Florida isn’t for cheap living anymore. Time to move to another state. I’d say come to pa but a lot of elderly people dislike the cold, and also with those medical issues probably impossible to shovel snow.
But what happens when no one can afford to live in FL but the rich what about all the middle class poor now they are gonna be moving to other places and then there's gonna be a demand for housing on in those other states making rent go up there everywhere is becoming to expensive. I get what you are saying because that's the logical move people would make and what I'm saying is exactly what would happen. I'm from FL born and raised I moved to Greenville SC because a few years ago FL was getting to expensive but then me and my husband know no one here and need to move back to FL now because we need help with our kids so we can work more to be able to afford all this inflation. But it's to expensive. And there are lots of people from FL where I live because sc and is a surrounding state and this city is growing and getting more and more expensive. When I moved here you could get a house for 3 bed 2 bath 800 a month in the four years I've lived here now that same place in 1,600 an sc don't have booming jobs.
There needs to be controls put on Rent Nationally, it shouldnt exceed a certain percentage of a Persons income, call it Socialism or whatever You want, but its Peoples lives Were dealing with here.
I take it you want no more rental housing to be built? Protect those living in rental property now, and to hell with those who move into the area next year? I don't see any of the people complaining remarking that they plan to take in another distressed tenant and share rent, or move in with children, family or friends. No, people want to privileges they already have! How many of those complaining about landlords are taking steps to invite a distressed tenant or elderly person to move in with THEM? Somehow charity seems to start with the other person!
"It shouldnt exceed a certain percentage of a Persons income" so...rent is free if someone makes no income? I support rent control (reasonable increase), but the idea that landlords have to suffer for someone else's misfortune is not fair.
Rent control is a nice thought. But property taxes, insurance, cost of maintenance goes up. I’m a renter myself, so I get it! My rent is high and gets higher. I’m a commercial property manager so I get why the rents raise. It sucks, in the end landlords and owners are in a business. They have to make mo eh or at the very least break even. Unless the government is going to subsidize every apartment, townhouse, house rental in the country there really isn’t a choice. Sucks hard!
@@jenniferbond7073 >>Sucks hard!>> Yes, it does. The solution for high housing prices for the working class in the Ubnited States in the 19th century seems to have been tenements. multi story, stripped down very basic housing that could REALLY pack people in. Nothing like that appears to be possible to build these days due to government regulation if nothing else In the early 1970s, I was a precinct committeemen in Seattle, and I visited all the housing in my precinct. Some of these were "flophouses," usually the second story of downtown commercial brick buildings, cut up into 10'x10' chicken wire cubicles that had a bed and were lockable, and renting for $1/night or so. Pretty basic living, but they provided people with beds for the night in heated quarters with restrooms available ---- a lot better than living on the street, which wasn't done and apparently not needed at the time. Circa 1972, the Seattle City Council made these illegal. I thought at the time that was a bad mistake just the kind that liberals LOVE to make. Single family lots in Seattle are pretty widely being redeveloped to provide much higher density. A was walking past one 50x100 foot lot with a new, seven unit condo built on it. The sign said "priced from the upper $600s." So, not cheap, but more housing units. An elderly couple next door was sitting on the porch of their 1920s vintage home, also on a 50x100 foot lot. I asked them if they had been getting $3 million offers for their home. The reply, "Not quite that much." Next week, maybe. I bought into the cheapest neighborhood in Seattle in 1985 ---and it's still probably the cheapest neighborhood in Seattle. However, across the street from me is a brand new house on a lot subdivided from a double lot that had always been vacant. That new house just sold for $1.5 million. So new housing IS being built, but none of it cheap. The city requires housing built to very high standards, and has elaborate regulations and inspections which delay construction and guarantee that nothing but very expensive housing is built. The only way I see to take the pressure off housing prices is to reduce or eliminate immigration. At present, there are twelve million or so illegal immigrants residing in the United States. Suppose those people were sent home. The housing they live in would be available for legal residents. Instead, we are doing just the opposite---- allowing huge numbers of new residents to flood the country, every one of which is going to want housing.
In my area, anyone can go to the food pantries. It’s not determined on income. We get food like that. I suggest finding out if you have food pantries near you and make use of them. That’s why they’re there. Best to everyone! ✌🏻
During the Great Depression my ancestors allowed a family to live rent free in one of their homes. Eventually, when the Depression ended that family worked, got an income & bought the property from my family. A little kindness goes a long way.
In my 40s I came to the realization that while we were both working, we should be looking for a house to retire to when the time came. Even though we already had a mortgage on the house we were living in, I wanted to see if we could find something to buy so that we knew we would have a place to go when the time came. So I looked around and found a small town where the housing prices hadn't caught up with the city prices and found an affordable home . We purchased it and for awhile, we had 2 mortgages. It wasn't easy but worth it because now we are in our retirement house and I am so happy it is ours and we don't have a landlord to answer to. We are lower middle class, not doctors or lawyers . My heart goes out to the people renting. Its insanity, something needs to be done so that people can have an affordable place to live.
@@dcg590 Do you understand what inflation is? Do you understand how many landlords rip their tenants off with no qualms of conscience? Wat a stupid remark you've made.
I was a hairdresser and bought my house and 5 rental properties. I'm so glad I worked hard when I was young as I haven't had to worry about a home or finances for the past 25 years. Kids today have a different world that we did back then. Still, so many of my peers never bothered to save or buy a home when they were so affordable and a loan so easy to qualify for. Be the Little Pig that builds their house of brick, not straw, the Wolf comes to the door eventually....be ready!! I am.
It’s just soooo different nowadays. A lot of people are lucky to find a good partner to help along the way. Many of us don’t have that advantage because of the backward ass mentality of “men” now. So we only rely on ourselves to do it all and of course it’s very challenging.
So you took the higher income you earned in the big city, bought a house, and raised the housing prices in the small town you bought the 2nd home in? Congrats ahole!
These landlords are getting out of hand! We need regulations and restrictions on how much rent or property should increase, I don’t give a damn what real estate or investors have to say people should never have to live on the streets in a county Ruth unlimited opportunities.
Greed, greed and more greed! As long as the owner(s) lives in their 5000 sq ft home who has a maid to clean up after them, they could care less. Times have changed, especially in the past 6 yrs. and it’s like no one saw this “all” coming, but I did. No matter what, stay a good, honest person. Maybe, just maybe, others will follow in your footsteps.
Yes because landlords are so rich. You are obviously out of the loop in the area of business and money/ making. You believe everything the ‘news’ tells you about landlords don’t you? Have fun being poor
This is happening all across the country. Private equity firms are buy homes, apartment complexes, and mobile home parks. I just wonder who are buying/renting these properties? Would it not be more profitable to provide properties at affordable prices to more people? This is criminal.
The couple that worked until they were 68/72. why didn't they buy a house decades ago when housing was cheap and easy to qualify for? They obviously didn't save or invest for retirement. I was a hairdresser single mom with 2 children and I invested and bought a house. I'm 69 now and amazed so many my age never did get around to buying a house. My house payment decades ago was $118. a month. Now my taxes and insurance are only $107. a month. People my age had ample time and opportunity to prepare for retirement at least by buying a small affordable house that were so plentiful decades ago. Unlike the young today who are stuck. I feel so sorry for the kids today.
Agree with you. My grandparents never bought a house because they didn't want to have to deal with the upkeep. They could have easily afforded it. Crazy
I saw this coming. Should have bought a house a long time ago and paid it off. Renting forever is not a good idea, especially when being old and on fixed income.
Mine went from 710 to 1720. Happening all over Florida to everyone. My landlord sold our apartments to a real estate investor from Venezuela...said he made an offer she couldn't refuse......then the rent went sky high over night. What was so devastating is she gave us no notice. No warning...
This is happening everywhere. In CA, many COLAs are 2-3%, while landlords can raise rents legally, every year by 10%. And Tiny Houses arenot legal in most of the state. It's, in part, because large corporations buyup small single family homes and then raise the rent beyond many people's reach. Or, they sell them for higher prices driving the mortgage rate up. Rents are influenced by mortgage rates, so they go up as well. Then mom&pop landlords follow suit and raise their rents, also. So, first time buyers and people on fixed incomes are priced out of their own communities. Add to that the cost of food and gas(6.79 a gallon in northern CA). The American Dream has become a nightmare for many. America is going to see more families and elderly living in their cars or on the streets....It's shameful.
California was also the last place to end the eviction moratorium. The rent increase is tied to the CPI. Landlords are forced to use the maximum increase because they cannot catch up. If they have a tenant they want to leave in place and not raise the rent for ten years, then when that tenant leaves they cannot reset the rent.
I thought about buying rental property to use as a retirement income, I'm glad I didn't because of the way the federal government came in and told landlords they could not evict tenants during covid. It would be hard to continue paying taxes and insurance on property where you can't collect rent on. It was a case of taking away from those that have and give to those that don't. The landlord ended holding the bag. Some of the landlords ended up losing the units thru bankruptcy.
I wont mince words, being a landlord is NOT passive income. Its property management. Its a business, dealing with people on a daily basis, risking everything on their behavior....and its not easy. And the government and media is always ready to stab you in the back. If you want passive income, invest in stocks and bonds. If you want a challenge be a landlord.
There should be like a rental tiny house community, maybe the government can come up with something like that or these people who needs to find a new home. I dunno, I pray everyone who needs to find a home, finds it.
@@andielliott7721 Uhm...because the government has more resources, they do get your taxes, don't they? But I get your point, however, the government must play it's part. 😂
I’m 40. I’ve been told my entire life Social Security is not enough to retire on. You are going to see a lot of homeless elderly in the coming years. Did they not know this?
they know this. I'm 32 and I've heard such a million times just in passing. ppl have this "think positive" approach but get nothing but negative results
@@allaboutroofing2 the old guy in the story retired at 72 and his wife at 68, so early retirement wasn't the issue there. The issue is that FL in particular has become a hub of real estate speculation. Prices will only go down when nobody can afford to pay the exorbitant prices (and it seems that's happening). ...at the same time, I think places like FL are sustained by richer people moving there from other states, so it may just be the case that the poor (like the people in this piece) will be displaced.
Of course they know this, but what are they to do? The system is rigged against them, the system is setup for a select few... there are no winners without the losers...
I live in Florida. I'm on the same boat. I'm not a religious person but in the Bible it says greed is a mortal sin and people that practice it will die of a slow painful death. Everyday I wish that it's true and it will happen to the greedy real estate corporation. I'm hoping it will happen to crooked politicians too
