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I lived in a mobile home for a couple of years. Last year I built my own house, very affordable. I didn't sit around crying that I can't afford a house in this area. We don't disagree really. I just feel many people aren't actually putting the effort in. Nice houses pair well with decent jobs. Don't expect one if you don't have the other.
Also what is a nice house? Some real dumps here would be nice in other places.half the people complaining wouldn't have the experience e to actually take care of a nice place.
My dad worked in oil fields and construction, worked his tail off till he retired, managed to buy a nice home in a nice area, there was a lot of nice working class neighborhoods and now they wouldn’t be able to afford living there. It’s not the value of the homes, but the land because it’s four miles from the beach.
The way to make rent more affordable is to develop skills to make you worth more. You can't control the housing market but you can put the work in to increase your earnings. The mentality is always backwards. I really want a corvette. I don't sit around asking why they aren't cheaper, or who is at fault. I ask myself what I can do to make that much.
Other people make enough to afford those places so why can't you? Wow the post above this one is spot on repped.
What if you are retired, disabled vet who's rented a house for 15 years and paid the extra rent when it increased at a reasonable rate and then this year it doubled? Find another place? They all doubled as well.
What if you are retired, disabled vet who's rented a house for 15 years and paid the extra rent when it increased at a reasonable rate and then this year it doubled? Find another place? They all doubled as well.
Rents near me skyrocketed. Not year over year increases. Exploded. One rent I know of went up $600/mo.
How are lower class working people supposed to react to an immediate increase like that?
It is very unlikely most/ all rents in Miami increased 50% in a year’s time. 70% of Miami’s population identifies as Hispanic and of them, 66% are foreign born. This can include very wealthy South Americans and desperately poor immigrants. 26% live beneath the FPL.
I’m in Manatee:
In Sarasota County, that number jumps to a staggering 47 percent increase year over year—the overall median rent was $2,249 a month in February 2022, as compared to $1,529 in February of 2021.
From January to February of this year, Sarasota County saw a 2 percent increase in rental rates. Right now, the median monthly price of a studio is $2,167, and a two-bedroom apartment averages $2,213, surpassing Miami-Dade County levels.
The Manatee County rental market tells a similar story. Though rents there are slightly cheaper than in Sarasota, they’ll soon crest to an overall median rate of $2,000 a month, too. Manatee’s median overall rental price in February was $1,909 a month, compared to $1,356 in February of last year—a 42 percent increase year over year. https://www.sarasotamagazine.com/hom...port-apartment
There are low income areas in all cities. Many Hispanics double up in one apt or house.
My dad worked in oil fields and construction, worked his tail off till he retired, managed to buy a nice home in a nice area, there was a lot of nice working class neighborhoods and now they wouldn’t be able to afford living there. It’s not the value of the homes, but the land because it’s four miles from the beach.
Your story and OP’s story about his parents are examples of why (generally speaking) owning your own home is the best financial investment and hedge against inflation one can make.
I think I’ve come across as unsympathetic and that is not my intention, really. Inflation is spiraling out of control and many people are hurting from it.
In my opinion we as a society should just decide affordable housing is a basic human right. Small single-family houses and apartments should at least be affordable for those working, just like it was for the baby boomers. I'm not a socialist, but I think like (arguably) healthcare, some things are better considered public goods when the unregulated market has extremely negative, unintended effects.
For now, I think foreigners should be banned from buying real estate, and the zoning laws should be revamped to permit building normal housing again.
so I suppose you believe the government should supply these affordable homes. And when they do, the 80%-ish that CAN afford their homes are subsidizing the 20% who cannot.
And with the government doing this, then they'd need to all be rentals. Because it wouldn't be "fair" to sell a 25 year old a $100K home, but then let their income increase substantially and either a) kick them out of their own home or b) allow them to profit off the subsidy of others. A tenant, they can earn more and move on up to regular housing.
In Sarasota County, that number jumps to a staggering 47 percent increase year over year—the overall median rent was $2,249 a month in February 2022, as compared to $1,529 in February of 2021.
From January to February of this year, Sarasota County saw a 2 percent increase in rental rates. Right now, the median monthly price of a studio is $2,167, and a two-bedroom apartment averages $2,213, surpassing Miami-Dade County levels.
The Manatee County rental market tells a similar story. Though rents there are slightly cheaper than in Sarasota, they’ll soon crest to an overall median rate of $2,000 a month, too. Manatee’s median overall rental price in February was $1,909 a month, compared to $1,356 in February of last year—a 42 percent increase year over year. https://www.sarasotamagazine.com/hom...port-apartment
There are low income areas in all cities. Many Hispanics double up in one apt or house.
Investors are destroying the market for people who actually want to live there.
What if you are retired, disabled vet who's rented a house for 15 years and paid the extra rent when it increased at a reasonable rate and then this year it doubled? Find another place? They all doubled as well.
They don’t care. Someone will leave a more expensive area and pay the higher rent here.
Rents near me skyrocketed. Not year over year increases. Exploded. One rent I know of went up $600/mo.
How are lower class working people supposed to react to an immediate increase like that?
I can't rep you again.
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