How are the rental markets near you? Have they been raising rates? I am tempted to buy into some REIT companies that specialize in rentals because they are making so much more profit now that they can raise rates with the inflation excuse and make more money than ever.
Rental Markets
Oliver Hall
Nolan Martin
Apparently the rental rates here are up 20-30% according to news/stats. I rent from a big company and mine only went up 5%. I spent a couple months pissed planning to move assuming mine would go up that much too
Kevin Hall
It's going to go great until the recession hits and people get hours cut or no pay raises and then no one pays rent. Then the jewish media will run stories about jewish landlords losing money and how big of a tragedy it is.
Matthew Murphy
so? When have rental companies ever cut back rent once it's been raised? Sure they may stop raising it for a bit, but I don't think I have ever seen rental prices go down, with the US median rent now at $2,000 I expect most rental companies to be making tons of cash.
Justin Cooper
>No worrys, goyim, rent is ONLY $2000/month. In a couple of weeks, that will be a steal...
>...So we will raise prices on you again.
Liam Collins
>renting
Just stop being poor, user.
Christopher Wood
Katherine Kamaunu, 71, has lived at Lahaina Crossroads Apartments for more than 35 years.
Now, she and her husband, Aaron Kamaunu, 60, are being forced out of the complex, along with nearly 20 other families — a handful of whom are kūpuna on fixed incomes.
“To have my life ripped out from under me is not what I planned,” she said.
The Kamaunus and other tenants said Lahaina Crossroads Apartments ownership is kicking them out to renovate — then charge nearly double the rent. After all, units are located a couple blocks mauka of Front Street and outsiders are paying outrageous prices to live in Hawaiʻi, they said.
The 767 Luakini St. complex is managed by Kokua Realty LLC, which sent a letter to the Kamaunus, saying they have until June 30 to vacate.
Rent will go from about $1,220 to $2,200 for a one bedroom in the 20-unit apartment building, which has some two-bedroom units, tenants said. The Kamaunus live on the fourth story, and phased renovations will force people out floor by floor.
With low housing inventory on the west side, retirees, nurses, teachers, service industry workers and others at Lahaina Crossroads are left scrambling for places.
Freeman Tam Lung, 79, said he’s been living at Lahaina Crossroads for nearly 20 years and he doesn’t know what he will do next.
“I gotta go homeless then,” said Tam Lung.
He said he could try and move to Kentucky where his son lives, but he wants to stay in Lahaina, where he is from.
“I was born here — I want to be buried here,” said Tam Lung, a Native HawaMaui’s housing crisis is displacing elderly people.
“Being evicted so they can renovate it and then move it to $2,200, $2,250 — we can’t afford that, we just can’t afford that,” he said.
His wife, Katherine Kamaunu, said she’s been crying all the time.
“My husband is Hawaiian for Christ’s sake, and he can’t even live on this island,” she said. “People are greedy, money hungry.”
Michael Mitchell
Coworker bitching about how she can no longer move from Arizona to Texas. Lol
Ethan Scott
One day there will be gangs of zoomers tracking down slumlords and beating them in the streets. Most of their addresses are public information.
Better stock up landcuck we're coming for you
Landon Morris
>beating up
good thing I carry though honestly you basedboy zoomers are so limp wristed I bet it wouldn't even hurt if you tried to punch me.
Justin Jones
Nigger we'll have guns it's called words and context it's pretty obvious what I meant but you decided to play semantics to try and act like you aren't scared.
You're fucking trembling, you know people hate you and it's only a matter of time before there's bullet holes flying through your front window and you are faced with return fire or protect your family. I hope you all get burned alive. Sneed and dial 8 in your last breath landie it's coming and there's nothing you can do to stop it.
Aaron Phillips
my rent went up 20% last year and 10% this year. i hope someone minecrafts my literal jewish landlord corporation.
John Cooper
oh please, serfs like you have been paying landowners rent for millennia, you are too pussy to do anything other than whine on the internet, I just want you to know that the extra money I am getting from my rentals this year is being well spent on paying for my new lakehouse.
Julian Long
>When have rental companies ever cut back rent once it's been raised?
Only when the units have been sitting vacant. But they usually sit vacant for a long time. I knew someone that live in a new apartment building and it had about 60% vacancy for years and they refused to lower rent because they probably had a contract with the Jewish bankers on minimum rent.
Justin Long
Jesus you fucking retards. Their equity has been getting nuked for months from rates. These companies have much shorter maturity debt than 15-30 years and most of them also leverage MBS too. Every single one has had their market cap nuked. On top of this, their depreciation figures in their reports, nor their capex figures are keeping up with building costs.
>t. Commercial real estate appraiser in one of the biggest markets for these companies
Isaiah Bell
They won't unless the fed actually allows 30s style deflation. Their costs are the problem and higher financing costs are only beginning to get factored in and higher building costs for depreciation are not at all factored in. They won't be able to raise rates to account for this, which is why their equity is getting nuked on good news
Charles Robinson
In the city I live there is a limit to how much landlords can increase your rent when you renew your less. They've been no-fault evicting people because then they can increase rent as much as they want for the new lease/new tenant. It's gotten so bad the city council put a moratorium on no fault evictions
Christopher Howard
I was recently lurking for a rental unit in a new area for work ~2 weeks ago and it was listed as $1400 USD, recently did it again for the same unit and is now listed as $1800 USD.
Tyler Barnes
Rents are way up but we have rent control so any existing renters only get hit with a 2% increase at most per year. New renters get rekt. I'm renting a place at $1550/month right now but if someone new wanted to rent it they'd have to pay $2300/month.
For small landlords it's great because they can evict any tenant they want, just say they or a family member is going to move in and the tenant has to leave. Then they just stay there for a few months before renting it out again.
For larger landlords that own/manage multiple properties it sucks for them, they can't evict someone easily, so they're stuck with people paying low rent prices.
What I don't get is how the fuck zoomers are able to survive kek salaries haven't increased that much
Jacob Williams
My apartment in DFW tried doing a 30% YOY increase. Glad my contract is up and I’m leaving this shithole next week.
Nicholas Robinson
Daily reminder that landlords are dicks who sucks bags of dicks
Sebastian Bell
times like this i'm glad my landlord is a senile old man who likes to be paid in cash, £300 a month and i don't think he knows what year it is
Xavier Long
My rental company here in Finland could have raised my rent by more than 5% as stated in the contract but they only raised it by 1.5% which is pretty standard.