Posted on 02/20/2022 9:21:50 AM PST by blam
Uh, it ain’t just rent......
Wall Street. Private equity firms and investment banks developed a taste for rental property during the Great Recession, and now they’re back for the main course. The vast majority of apartments sold in recent years have been gobbled up by Wall Street:
…and, during election time, I hope the remember it’s their own darn fault!
How about gas and food? New cars? Used cars?
They got us by the short hairs my friends. Rent control leads to this stuff. Flop houses gone. Atlas will shrug. The only thing left to do is shave.
“And within that already-brutally-high average, there were some absolutely astounding outliers. Phoenix rents soared 25.3%, followed by Tampa, Miami, Orlando, Las Vegas, and Austin”
Those are all places people are fleeing to, to get away from their Rats infested cities and states. Could that have something to do with it?
Rent forbearance: this is the check in a lot of us knew was going to come home to roost once this pandemic thing was over. And here we are...
Check in = chickens come home to roost
The rent’s too damn high!
No, the people are too damn low-skilled.
Yes, one must be high skilled to rent an apartment. yuk yuk..
“Yes, one must be high skilled to rent an apartment. yuk yuk..”
No, they just need to be reasonably skilled and able to work with others.
One man’s floor is another mans ceiling! Ya want an apartment? Ya better be highly skilled and highly paid!
Looken sharp America!@
good one!
Totally Agree, Thank you.
It has been a huge concern of mine how people have celebrated the ‘value’ of their homes skyrocketing. Putting home and apartments out of the reach of anyone who isn’t financially well-off.
Middle class and lower working classes need affordable homes and apartments too.
Think of George Bailey in ‘It’s a Wonderful Life”.
George Bailey still rings true about the working man::::
” Just a minute... just a minute. Now, hold on, Mr. Potter. You’re right when you say my father was no businessman. I know that. Why he ever started this cheap, penny-ante Building and Loan, I’ll never know. But neither you nor anyone else can say anything against his character, because his whole life was... why, in the 25 years since he and his brother, Uncle Billy, started this thing, he never once thought of himself. Isn’t that right, Uncle Billy? He didn’t save enough money to send Harry away to college, let alone me. But he did help a few people get out of your slums, Mr. Potter, and what’s wrong with that? Why... here, you’re all businessmen here. Doesn’t it make them better citizens? Doesn’t it make them better customers? You... you said... what’d you say a minute ago? They had to wait and save their money before they even ought to think of a decent home. Wait? Wait for what? Until their children grow up and leave them? Until they’re so old and broken down that they... Do you know how long it takes a working man to save $5,000? Just remember this, Mr. Potter, that this rabble you’re talking about... they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath? Anyway, my father didn’t think so. People were human beings to him. But to you, a warped, frustrated old man, they’re cattle. Well in my book, my father died a much richer man than you’ll ever be.”
You bet...Our first home in CA we literally had to beg, borrow and steal and that was with TWO INCOMES, for the bloated insane down payment. And what kind of home was it? A 58 year old fixer upper. And the monthly mortgage was nearly unbearable.
Spit*
One of the best movies.
Very relevant. Thanks for posting.
Jimmy Stewart was an American hero of a breed that is now totally extinct.
Yes. And that movie still brings tears to my eyes everytime I see it.
I noticed Amazon Prime is raising their fees by ~ 17% this year.
That is closer to the true inflation rate than the 6-7% bs the government is saying.
Keep an eye on other rate increases (utilities, etc) and you will see the true rate.
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