Rental Rates Up
- Thread starter HarryHawk
- Start date
Aunt Bea
SF VIP
- Location
- Near Mount Pilot
The average rents from the article seem high for my area.
1BR average rent: $1,858
2BR average rent: $1,607
Rents in the university area and trendy Center City area are at these levels. There are many affordable areas of the city where rents are about half the amount quoted in the article. The article is correct that larger apartments are a better value in all areas of the city.
The Average rents in my area of the city for 2022.
1BR average rent: $845
2BR average rent: $745
My actual rent for a two-bedroom with heat and hot water included is $707.00.
The good news is that all any of us needs to worry about is finding one apartment at a price we can afford.
1BR average rent: $1,858
2BR average rent: $1,607
Rents in the university area and trendy Center City area are at these levels. There are many affordable areas of the city where rents are about half the amount quoted in the article. The article is correct that larger apartments are a better value in all areas of the city.
The Average rents in my area of the city for 2022.
1BR average rent: $845
2BR average rent: $745
My actual rent for a two-bedroom with heat and hot water included is $707.00.
The good news is that all any of us needs to worry about is finding one apartment at a price we can afford.
Packerjohn
Packerjohn
- Location
- Canada
OH! The government in the US is telling it's citizens that they have an inflation rate of 7%. The Canadian government is telling it's citizens that we have an inflation rate of just over 5%. You say 20%. Looking at the price of groceries, the cost of car fuel, the increase of rental property and the cost of housing and the cost of used and new vehicles. I think that HarryHawk is right on and I think the governments are all telling us "little white lies." Maybe the government people are just trying to pull our legs and telling funny little jokes but it's not funny for the average working person or the pensioners on fixed income.
Don M.
SF VIP
- Location
- central Missouri
The "official" inflation rates are quite a bit low, IMO. In addition to high housing costs, virtually Everything we buy has gone up well over 7% in the past year. Fuel prices are up at least 40% over this time last year, many grocery prices are at least 30% over what we used to pay. People who have to buy a new vehicle are taking it "on the chin".
I don't know what kind of factors the government uses in it's inflation statistics, but its numbers sure don't reflect the reality that most people face.
I don't know what kind of factors the government uses in it's inflation statistics, but its numbers sure don't reflect the reality that most people face.
David777
Well-known Member
- Location
- Silicon Valley
So how are some of the ways we USA peon citizens are being skrood by the Haves?
Over Two Thirds of All Los Angeles Rentals Are Now Owned by Speculative Investment Vehicles
https://knock-la.com/los-angeles-rental-speculation-4022d16a0d28/
snippet:
...Corporate landlords nationwide have been implicated in the production of uninhabitable housing conditions for tenants, increased eviction, displacement, and destabilization of housing, extractive rents and gentrification, harassment and unethical management practices, and speculation, tax evasion, and vacancy. We demonstrate that the same trends hold in Los Angeles’ housing system as well. Analyzing public data in Los Angeles, we implicate corporate ownership in faster neighborhood rent increases, more frequent use of the Ellis Act to mass evict tenants, higher rates of Department of Public Health code enforcement complaints, speculation, and vacancy...
When Wall Street Is Your Landlord
https://www.theatlantic.com/technology/archive/2019/02/single-family-landlords-wall-street/582394/
snippet:
...Of course, the trends that favored these new landlords were largely produced by a financial crisis that Wall Street had itself abetted. That some of the same investment firms that had played a part in the housing crisis were now poised to profit from it made for a dismal irony. But if the new companies could deliver on their promises of making home rentals easy, affordable, and worry-free, perhaps everyone could win: The companies could return a profit, the housing market could be shored up, and houses that had lain fallow after the crash could once again be happy homes.
That’s not what happened. I talked with tenants from 24 households who lived or still live in homes owned by single-family rental companies. I also reviewed 21 lawsuits against three such companies in Gwinnett County, a suburb of Atlanta devastated by the housing crash. The tenants claim that, far from bringing efficiency and ease to the rental market, their corporate landlords are focusing on short-term profits in order to please shareholders, at the expense of tenant happiness and even safety. Many of the families I spoke with feel stuck in homes they don’t own, while pleading with faraway companies to complete much-needed repairs—and wondering how they once again ended up on the losing end of a Wall Street real estate gamble...
The greedy attitudes of the US real estate world eager to let foreign investors crush the rest of us. Beware of news articles that use manipulative statistics to down play foreign investments. Many foreigners invest via REITs that hide their source of money.
Real-estate brokers brace for ‘flood’ of wealthy buyers from overseas as travel restrictions lift
https://www.cnbc.com/2021/11/05/rea...r-flood-of-wealthy-buyers-from-overseas-.html
An example of one way foreign investors have been manipulating anti speculation policies, banks have been all too willing to take part in.
Vancouver still suffering fallout from 'students' buying mansions
https://vancouversun.com/opinion/co...ffering-fallout-from-students-buying-mansions
How Foreign Purchases of U.S. Homes Impact Prices and Supply
https://knowledge.wharton.upenn.edu/article/foreign-purchases-u-s-homes-impact-prices-supply/
Make this group of people pay for California homelessness relief
https://www.sfgate.com/politics-op-...ess-policy-right-to-housing-cost-16659771.php
Over Two Thirds of All Los Angeles Rentals Are Now Owned by Speculative Investment Vehicles
https://knock-la.com/los-angeles-rental-speculation-4022d16a0d28/
snippet:
...Corporate landlords nationwide have been implicated in the production of uninhabitable housing conditions for tenants, increased eviction, displacement, and destabilization of housing, extractive rents and gentrification, harassment and unethical management practices, and speculation, tax evasion, and vacancy. We demonstrate that the same trends hold in Los Angeles’ housing system as well. Analyzing public data in Los Angeles, we implicate corporate ownership in faster neighborhood rent increases, more frequent use of the Ellis Act to mass evict tenants, higher rates of Department of Public Health code enforcement complaints, speculation, and vacancy...
When Wall Street Is Your Landlord
https://www.theatlantic.com/technology/archive/2019/02/single-family-landlords-wall-street/582394/
snippet:
...Of course, the trends that favored these new landlords were largely produced by a financial crisis that Wall Street had itself abetted. That some of the same investment firms that had played a part in the housing crisis were now poised to profit from it made for a dismal irony. But if the new companies could deliver on their promises of making home rentals easy, affordable, and worry-free, perhaps everyone could win: The companies could return a profit, the housing market could be shored up, and houses that had lain fallow after the crash could once again be happy homes.
That’s not what happened. I talked with tenants from 24 households who lived or still live in homes owned by single-family rental companies. I also reviewed 21 lawsuits against three such companies in Gwinnett County, a suburb of Atlanta devastated by the housing crash. The tenants claim that, far from bringing efficiency and ease to the rental market, their corporate landlords are focusing on short-term profits in order to please shareholders, at the expense of tenant happiness and even safety. Many of the families I spoke with feel stuck in homes they don’t own, while pleading with faraway companies to complete much-needed repairs—and wondering how they once again ended up on the losing end of a Wall Street real estate gamble...
The greedy attitudes of the US real estate world eager to let foreign investors crush the rest of us. Beware of news articles that use manipulative statistics to down play foreign investments. Many foreigners invest via REITs that hide their source of money.
Real-estate brokers brace for ‘flood’ of wealthy buyers from overseas as travel restrictions lift
https://www.cnbc.com/2021/11/05/rea...r-flood-of-wealthy-buyers-from-overseas-.html
An example of one way foreign investors have been manipulating anti speculation policies, banks have been all too willing to take part in.
Vancouver still suffering fallout from 'students' buying mansions
https://vancouversun.com/opinion/co...ffering-fallout-from-students-buying-mansions
How Foreign Purchases of U.S. Homes Impact Prices and Supply
https://knowledge.wharton.upenn.edu/article/foreign-purchases-u-s-homes-impact-prices-supply/
Make this group of people pay for California homelessness relief
https://www.sfgate.com/politics-op-...ess-policy-right-to-housing-cost-16659771.php