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There is no "Housing Crisis" (VANITY)

Posted on 08/07/2025 5:50:47 AM PDT by AbolishCSEU

The media has suddenly focused on inflation after ignoring skyrocketing inflation under Biden. Now they are pimping a so-called "Housing Crisis" for renters. The fact is in most parts of the country there is actually a "Responsible Tenant Crisis." The media cites statistics that there are 15 renters for each apartment. The fact is that out of those 15 renters, possibly one of them is a qualified candidate.

Ever since the Scamdemic, when the government told renters that they won't get evicted if they don't pay their rent, many renters lived large off of expanded unemployment checks and simply opted not to pay rent. This financial letting oneself go now has repercussions of evictions (when the moratoriums lifted--in BLUE states they were extended unnecessarily), very low credit scores and generally poor rental history.

Yes inflation has hit everything including rents which include property taxes, insurance rates, utilities and repair costs doubling/tripling. However, just running the recent numbers on one of my vacancies which is in a rust belt, low employment upstate NY rural town, 205 people inquired. ONLY FIVE OF THEM WERE QUALIFIED! Apartments are sitting vacant rather than take in a deadbeat/destructive tenant that is impossible to get out with all the BLUE state "tenant protections."

This has been the case for well over a year in my area. I ran similar numbers last year. Only TWO PERCENT of the total applicants had:

1. a credit score over 600

2. a good past rental history

3. no evictions

4. no criminal history

5. no drama (people running from themselves and their perpetual poor choices)

6. steady income 3 times the rent (A HUD formula)

7. no smoking (smoke is extremely hard to get rid of and raises insurance rates in rental units)

8. no menageries of pit bulls

We have beautifully new gut rehabbed units in older housing stock so we can't afford to let destroyers in. Yet the lamestream media would have everyone believe that eeeeevil landlords are discriminating and that there are not enough apartments to go around. Just watch court television on youtube and there are SO many irresponsible deadbeat tenants it's ridiculous!


TOPICS: Business/Economy
KEYWORDS: apartments; housing; media; rent; renters; vanity

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To: AbolishCSEU

I was a landlord for 36 years. Great tenants, fair tenants, bad tenants. One guy set tried to set himself on fire in a garage, took out my roof, survived. Wasn’t even a tenant, was the boyfriend of a tenant. Sold the last 4 units in 2020, they closed just as COVID hit. Many of the tenants were good, they got no rent increases and babied, many were friends. Sold the last 4 units and was able to retire at 60.


21 posted on 08/07/2025 7:02:36 AM PDT by SaxxonWoods (Annnd....TRUMP IS RIGHT AGAIN.)
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To: Ikeon
not a fan of the entitlement mindset, but housing prices vs. median income is historically bad. worse than the bubble years of the 2000s:


22 posted on 08/07/2025 7:04:39 AM PDT by millenial4freedom (Government was supposed to preserve freedom, not serve as a jobs program for delinquents and misfits)
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To: z3n

Speaking of utilities, everyone here is paying for the “new green deal” by way of doubled and tripled electric rates. Most renters default on their payments and are now seeking apartments where everything is included. That way they can wear shorts in the winter and open up the windows during snowstorms.

Of course the electric “cold climate” heat pumps will never keep up in the frozen northeast which will leave the low income class SCREAMING for their gas and oil fired heating equipment back. Hochul is making these low income areas a PRIORITY to go green! LOL


23 posted on 08/07/2025 7:04:55 AM PDT by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: millenial4freedom

Yes, due to Biden’s inflationary policies.


24 posted on 08/07/2025 7:06:03 AM PDT by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: AbolishCSEU
Excellent points. Like many other societal issues, the "housing crisis" is not primarily about economics, but about the breakdown of morals in post-Christian America. When you can't trust people to be honest, fair, hard-working, to pay their bills on time, and respect other people's property, the system looks like this.

This is post-Christian America, and it ain't pretty.
25 posted on 08/07/2025 7:06:18 AM PDT by Antoninus (Republicans are all honorable men.)
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To: SaxxonWoods

IF you live in a BLUE state or city, you wouldn’t BELIEVE the laws now! The tenants have more rights than the owners do. all started in 2019. You got out just in time.


26 posted on 08/07/2025 7:06:58 AM PDT by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: AbolishCSEU

Correct, I did get out just in time. I thought the buyer of the last 4 unit would run when COVID hit but he closed and actually did fine, everyone stayed because rental were in short supply in the area. Best deal was a foreclosure bought in 2012 for $60k! 1100sf, 2 beds, 2 baths, 1 car garage. Rented it, sold it in 2016 for $202k.


27 posted on 08/07/2025 7:16:19 AM PDT by SaxxonWoods (Annnd....TRUMP IS RIGHT AGAIN.)
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To: AbolishCSEU

Thanks for that. People tend to think any and all bad behaviors should be acceptable to everyone else.


28 posted on 08/07/2025 7:17:29 AM PDT by CodeToad
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To: AbolishCSEU

Yeah, we have thought about renting out properties, but it is so hard to get rid of people if they stop paying and their destruction of property is pretty much a given here .. So no. We have considered solely renting to the military where there are some safeguards. Still thinking.


29 posted on 08/07/2025 8:33:57 AM PDT by Whatever Works
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To: AbolishCSEU

“Housing crisis” = code from gov’mt officials to use when they decide that your house must come down so the apartments they will build in its place (owned by same politicos) can be available for rent.

See what Aussie gov’mt did. Same procedure.


30 posted on 08/07/2025 8:40:34 AM PDT by bobbo666
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To: z3n

Incorrect.

It isn’t zero, you just don’t exist in the system, you have no score.


31 posted on 08/07/2025 10:28:01 AM PDT by KEVLAR ( )
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To: AbolishCSEU

AIR CONDITIONING & THOSE HUGE FANCY TV’S CAN BLOW YOUR POWER BUDGET APART.

I HAVE NEITHER.

POWER BILLS RUN ABOUT $80 A MONTH


32 posted on 08/07/2025 1:04:22 PM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: z3n; 1of10; jimfr

z3n -

1of10 and jimfr are correct.

If you don’t believe them, listen to Dave Ramsey. He is a wealthy financial advisor and a conservative. He buys property with cash. He has no credit score.

No credit score is not the same as a low credit score, but most people cannot qualify for a mortgage without a credit score.

Landlords are willing to overlook the absence of a credit score, but they require an income 3 to 3.5 times the rent.

I had no credit score for many years because I had no credit card and no debt. I had to take out a credit card and use it to get a credit score.


33 posted on 08/07/2025 7:37:14 PM PDT by Tired of Taxes
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To: millenial4freedom

Yep. There’s not enough housing available, and the rents have gone through the roof.


34 posted on 08/07/2025 9:33:26 PM PDT by Tired of Taxes
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To: AbolishCSEU
"Now they are pimping a so-called "Housing Crisis" for renters."

There IS a housing crisis for renters. There's been a housing crisis for renters ever since the 2020 lockdowns. I got caught in the middle of it when I sold my house.

Partly, the crisis was caused by the government's restricting landlords from evicting tenants who stopped paying rent. But, another reason was that even responsible tenants were not moving. So, not many apartments were available.

I easily met all the requirements you listed, except #6, unless you figured my savings in that equation. But, my savings meant nothing to the landlords, and the fact that I had zero debt meant nothing to them, either. Every single place required an income at least 3 times the rent. Most places charged at least $2,000/month for a 2BR apartment. So, they required an income at least $72,000/year. Mine was nowhere near that amount.

I was fortunate to find one nice place that considered my savings in the equation, and they were lucky to get my family in return. I had to wait for one of their apartments to become available. The apartment is older, so the rent started out lower. I have always paid the rent on time, but it increases every year, even as the apartment gets older and older. Meanwhile, all the other places have continued to raise their rents, too. Now, the rent for a 2BR apartment in my area is between $2,300 and $2,500 per month. The rents are ridiculously high.

35 posted on 08/07/2025 9:39:14 PM PDT by Tired of Taxes
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To: Tired of Taxes

Rents in my area are about 1200-1450 for a 3 bdrm. Most renters have the option of moving where the cost of living is less expensive. Many even work remotely. We have above 12% vacancy. No need for new homes. Fix up the ones that are existing which is doable for most. We don’t have a lot of money but frugally can fix up these places without cobbing the job.

I belong to many landlord associations and forums and the fact is that because a majority of renters “let themselves go” during Covid by not paying bills, never thinking about future consequences, they are now “unrentable” as we like to say.

These are mostly the under 40 set. The vast majority of landlords are running into this phenomenon. What was once common knowledge to keep your credit score above 600, don’t tear up the place, get along with neighbors, follow the rules, pay your bills on time, escapes most modern renters.

In our area you can BUY an older, solidly built house for 60K but yes, it will be a fixer upper. The 35 and under set don’t want that. They want to walk into a newly built (with cheap junk materials) turnkey place.


36 posted on 08/08/2025 3:47:32 AM PDT by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: Tired of Taxes

Same here and I’m soon to be 65. This is no different than it has been in the past. I laugh because so many Gen Z people think this the first time inflation has ever happened. I lived through Jimmy Carter and boy, a high school graduate or associates degree couldn’t get a job at Burger King, let alone a “living wage.” This was back in the late 70s.


37 posted on 08/08/2025 3:49:40 AM PDT by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: Tired of Taxes

I beg to differ. Vacancy rate here is well over 12%. Beautiful old homes with deferred maintenance. Unfortunately, communist style land banks have popped up using tax payer funds to overpay for buildings then knock them down thus causing less housing.


38 posted on 08/08/2025 3:51:18 AM PDT by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: Tired of Taxes

I’ll stand corrected, or at least better informed.

I’ve never heard of anyone not even having a credit history or a credit score. I would imagine that children don’t, but I don’t know how you avoid never having an account of any type. My parents even helped me open a savings account when I was in my early teens. I don’t know this to be true, but I assume I already had a credit history starting then.


39 posted on 08/08/2025 10:04:33 AM PDT by z3n (Kakistocracy)
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