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The only thing that matters is how much the pay is in the area and the percentage of the rent cost of that pay.
All of you that keep trying to have these conversations are very terrible at statistics.
And yes, the rent is too high.
I had to move cause my place went from 600 to 950 meanwhile there's rats in the ceiling and mould on the walls
lmfao what a ♥♥♥♥♥♥♥ joke uwu
Good for national debt
Corporations in charge... trickle down
since the 80's
"don't give raises, make people ask for them"
"don't invest in anything, lease, rent run it as cheaply as possible so you can just walk away when things change with the most profit"
"push it till it breaks, then just fix what broke and keep pushing"
Housing is really just the first real pinch spot.. we have enjoyed the good life and had a lot to burn off.
Corporations don't care about country.. they only want to maximize profits.
Having very high taxes on the highest earnings, over 1 million profit 99% tax.
This will force the corporations to invest in land, equipment and people rather than pay that tax they would use it to expand.
This makes them care about a nation and its people. They will be invested in them as well.
Capitalism is a tool we should use to support Freedom. Not a machine out of control driving slavery. Just as Socialism twists a out of control Democracy. Democracy should be a tool to support Freedom.
In a nation the consideration should be for peoples Freedom. I believe that is what America stands for according to the bill of rights.
Corporations have had over 40 years of being in control and just look at how it ended up!!
The increase in rental/housing costs is very real, but it is also most acutely felt in high-demand urban areas where there are a good many people packed into a small space working in a job environment that can put extra stress on their ability to stay economically stable...
What happens when there's fifty-eleventy thousand entry-level jobs in a crowded urban area? Well, a bunch of those employees are going to mysteriously loose their jobs just before they're due for a raise, that's what.... How are they going to afford that upscaled rental cost? They won't.
In some other regions, rent/housing costs may not be as high, relatively speaking. But, overall, the costs have increased. It's just not as severe in some places.
Most of the people in the US rightfully complaining about the astronomical costs of rent/housing are very likely in urban areas... because that's likely the largest segment of internetz users that regularly comment on teh interwebz.
It's a real issue. But, it may not be as crippling for some as it is for others. Not being able to afford rent in an urban area where there are good jobs that you qualify for... means you ain't gonna be able to get that job.
I've had a tenant complaining about my rent increase. The only thing I did was pass on the new tax bill to them. That is it. If you want to complain... do so to your representative. When the house you're renting is valued at $200,000 and suddenly shoots up to $400,000 when the tax assessor reviews it... the cost is going to go up. I'm already not taking a lot of profit off of it. So I'm going to pass that on.
I don't make money off your rent. I make money off the value of the home. If the owed amount is $100,000 and the house is valued at $300,000... I can take a loan out of $200,000 to use elsewhere. This is how I and many others make money. They aren't making money a lot of money off your rent. Your $100 extra is nothing compared to me getting 3%-10% (After mortgage rates) returns in investments.
Oh, and also, the "Im just going to trash the place" crowd... I'm just charging your insurance that I am now forced to make people get, which adds to the cost. You're only hurting others.
That is to say from 1980 to 2000 a house on average would cost under 4x's the median household annual income. In 2020 it's almost 7x's. Household median income rose by nearly 300%, which is great. The average home price increased by over 700%. Not so great.
^-- This. And, yes, a good many landlords have mortgages to pay on those rented properties, too.
I wrote a much longer post, but to sum: There is a very large impact on the rental market that is fueled by large corporate investment in rental property. And, many of these rental mega-corps have a large political influence. If one wonders why an apartment complex has so many loopholes to deny someone... there ya go.
But, the same issue that causes apartment rents to skyrocket also increases an area's property taxes. As these mega-centers of urban/sub-urban apartment/condo sprawls develop, so do services, shopping, roads, highways, etc... And, the improvements put in place to meet the needs to new high-density, high profit, housing also cause property taxes for long-term properties to skyrocket.
Even honest politicians see this as an improvement since the "standard of living" increases for all in the region. But, at the individual level, the change sometimes results in hardship. Little old ladies are forced out of their homes. People can't afford the rent increases. Boutique grocery stores replace the budget-shopping residents enjoyed in the past.... "Gentrification" sets in, for some.
A landlord trying to make living being a landlord is not an inherently bad thing at all. People just blame them because it's their name they're writing those checks, to.
PS: There's also a mind-bogglingly weird meme-trend out there that it's inherently better to "rent" than to "own." People are paying thousands of monies a month and congratulating themselves for not falling prey to a mortgage. Hey, if you're not planning on living there long-term, OK. If you are... you are building no equity, but are paying the same amount, sometimes even more, that a mortgage might cost you. /boggle