The fact that 3% rent increase is too low but a 3% raise for a wage is considered a good raise explains so much.

@jaad9848

Жыл бұрын

Also they keep saying rent control is going to cause landlords to always raise 3% as if they dont do 3% or more a lot of times already.

@Anglynn74

Жыл бұрын

because the gap is grossly large and off kilter. if it were 30 yrs ago I'd say you have a point, not in 2022.

@marietta1335

Жыл бұрын

@@jaad9848 Yeah, and property tax, insurance, maintenance, etc. don't cost a cent. Profound thinking!

@michaelhuestis7371

Жыл бұрын

Ok. I could get behind a 3% increase cap if taxes are capped at 3% and insurance is capped at 3% as well

@siglandoe3913

Жыл бұрын

A 3 %wage increase on just $20 per hr is $24 per week or around $100/ month. Sometimes rents may not increase for multiple years, or a decade or more depending.

Crazy how we live in a country where your landlord can decide to raise your rent by a couple hundred dollars while you barely get a raise from your employer, which is just a couple of dollars.

@ericspwncer1274

Жыл бұрын

You mean a couple of cents.

@ComradeIceSpice

Жыл бұрын

@@ericspwncer1274 yeah you’re right.

@xxxMrBadExamplexxx

11 ай бұрын

It's a feature not a bug.

@SuperAH1985

11 ай бұрын

Every time I think about the last Federal minimum wage increase happened when my son was born. He's about to start high school and is old enough to get his first job. Like, there has got to be a massive minimum wage hike at the federal level and that needs to be louder in the conversation from whoever is running for 2024 seats. Wage hikes, rent caps, food caps... If the owners of all those buildings and the supply chains are worried about being able to cover cost, time for them to use their own billions to cover those costs rather than hiking up prices.

@mikiandfriends1820

11 ай бұрын

Crazy a minimum wage earner can earn more than a ceo if they buy a property at the right time

If the city can cap rents, then the county should cap property tax.

@Srcccfy

11 ай бұрын

Yes

@taiwanisacountry

11 ай бұрын

Nobody is asking for a rent cap, they are asking to not be fucked over by greedy soulless entities like blackstone. I am sorry that you as a home owner do not have people who can screw you over, like blackstone can. In Copenhagen Blackstone bought up 2% of all private housing in 2019, and their units doubled or tripled in rent. How did they do it? They offered people around 37 thousand dollars to move out of their apartments. Imagine being able to profit after renovation and throwing 37000$ at people to make them move. Why do they need to move? Because they can't increase the rent as much as they want as long as people live in the apartment, and they need to renovate the place before they can increase the rent at all. So why 37000$? Because it is a "low amount". If people actually took the money then they would not be able to find a new apartment in Copenhagen somewhere else, because the market is crazy. Let me ask you, when were your monthly costs for housing increased by 100-200% ow never. Lucky you!

@MichaelForte-jn5pn

11 ай бұрын

Dream on!!! (I agree with you but here in central Florida it's a fantasy)

@DiscoDashco

11 ай бұрын

But they won’t because Federalist Society appointees will ensure that giant corporations continue to receive windfall tax breaks instead, which is the reason why federal tax revenues remain so low. Not the only reason, but this is a big contributor.

@Anita.Cox.

10 ай бұрын

We need to get rid of property taxes and supplement them with lvt's

In 10 years, my rent has increased from $700 per month to $1700 for the same apartment, same appliances, and same everything. That's about 10% per year in rent increases with no value added.

@MrVirus9898

Жыл бұрын

@Orange Green thanks for the terrible advise. My apartment is the cheapest in a two hour radius.

@lucassteinruck6986

Жыл бұрын

I wouldn't doubt that the largest chunk of the raised rent happened over the past 3 years?

@MrVirus9898

Жыл бұрын

@@lucassteinruck6986 Correct. I had a year of no increases, and the two others had a significantly larger increases. I got my only break in 2020 cause the pandemic meant the landlord wasnt getting money from all their tenents, but I had a pandemic proof job which so my LL wanted to ensure I would not leave as they needed the consistent cash.

@paxtoncargill4661

Жыл бұрын

​@@user-hu3nt3ls4rit's increasing everywhere though

@currentbatches6205

Жыл бұрын

So what?

Abolish renting for big corporations. Incentivize individual ownership. Cap individual landlords to own and rent so many properties.

As a St. Paul resident, my landlord was only able to raise my rent by $30 June 1st thanks to the new legislation. Them being able to raise rent by whatever price they want would be impossible for people to afford staying due to wages being stagnant..

@scottmolnar4132

2 жыл бұрын

I hope you didn't like having maintenance done on your apartment because if they cannot increase revenue they cut costs

@imnotnotgameiacmaniac5327

2 жыл бұрын

@@scottmolnar4132 9:20

@AS-rx3yk

2 жыл бұрын

Rent control results in landlords selling their rental properties resulting in lower inventory. New development will shrink considerably further worsening supply. For those who are renters now, it's happy days temporarily. For future renters, it will be hell trying to find a rental property. Enacting laws to discourage availability of affordable homes verges on mindlessness.

@scottmolnar4132

2 жыл бұрын

@@AS-rx3yk landlords probably won’t sell because people won’t buy, so they let the property fall into disrepair until eventually the property burns down and the landlord gets insurance money to build somewhere else

@joshuathomas1847

2 жыл бұрын

@@AS-rx3yk Umm if they sell the house didn't go away. Selling doesn't affect inventory. The real problem is us living in a broken culture of greed that convinces us charging as much as possible is always right.

This is the on the ground reporting the mainstream absolutely neglects. What a valuable channel, thank you for all you do.

@programking655

Жыл бұрын

No, rent control is a fucking stupid idea

@ismaelramirez4803

Жыл бұрын

There are so many things wrong in this video and it also doesn't prove anything. It just suppose to get you on their side and sympathize, which I do. However the narrator acknowledges that this bill is the first of it's kind and that there is not enough research to know what this will do to new development, at the same time complaining that divestment and fleeing business played a negative role in the cities economy. This video is well directed but it doesn't have a leg to stand on and the people being interviewed are not qualified to make definitive statements in regard to the implications of price ceilings I get it you, and these people are good people and want the best for humanity but they don't understand basic economics, and the road to hell is paved with good intentions

@jacobnapkins1155

Жыл бұрын

@@programking655 yeah stopping people from being priced out and becoming homeless is so awful

@programking655

Жыл бұрын

@@jacobnapkins1155 It is when it creates a shortage of rental units and the rent controlled units deteriorate because landlords don’t do repairs. It is when landlords start discriminating based on factors other than money when they can’t raise their prices.

@jacobnapkins1155

Жыл бұрын

@@programking655 no they won't the landlord will just sell rather than losing money great for people who actually work for a living who want to own homes and great for working people who don't want to be put out onto the streets due to rent increases

Where’s the debunk? St Paul’s development has indeed decreased. Stopping ‘gentrification’ means these places fall into disrepair.

@Undertak2000

3 ай бұрын

i know I'm waiting the whole video for them to do the debunking instead I'm hearing about families in the 60s

@Boris80b

2 ай бұрын

Gotta pay attention

This video uses terms interchangeably that don't mean the same thing. "Rent Control" and "Rent Stabilization" are not the same thing. The bill passed, the first of its kind as the video states, is "rent stabilization" -- it limits the rate of rent increase. Landlords are STILL allowed to raise rents, just not by a certain amount. "Rent Control" is when a hard limit is placed on the price of rent, above which landlords are not allowed to raise rent. The broad consensus among economists is that rent control stifles supply within rent-controlled localities. You could make the argument "actually, there's nothing about rent control that prevents landlords and developers from building new housing!" and you'd be technically correct. It's true, developers won't stop building housing... they'll just build the housing somewhere outside the rent-controlled city, i.e., the suburbs and exurbs. This means housing is pushed further and further away from places of work and existing neighborhoods. This means housing sprawls and sprawls and more families are forced into car dependency in order to get to work. This video lumps both "rent control" and "rent stabilization" together under the umbrella term "rent regulation", then proceeds to say that everything bad said about "rent control" is false because "rent regulations" are shown to keep people in their homes. You see the verbal gymnastics going on here? Watch the video again and note how the narrator hops between these three terms without defining each separately. The video also uses "St. Paul", "Minneapolis", and "The Twin Cities" interchangeably, even though the rent stabilization in question only applies to St. Paul, not to Minneapolis. They're two adjacent but separate cities. While hopping back-and-forth between talking about St. Paul and Minneapolis, the video glosses over the fact that the rent stabilization was next to useless at 9:20 because the raise cap was 3% but without rent control rent would not have gone up by that much anyway. The most egregious omission in this video is the fact that Minneapolis (remember, the city opposite of rent-stabilized St. Paul) has seen RENT GO DOWN by hundreds of dollars this year. There's no mention about how five years ago Minneapolis (not St. Paul) abolished single-family zoning. and have been building thousands and thousands of units each of the last 5 years, making Minneapolis the only city in the country where market rate rent is going down WITHOUT RENT CONTROL. In a video about preventing displacement from gentrification, why was there no mention of this????? I wanted to like this video -- all the families and activists seem like genuine people who worked really hard for their city. Even though I don't like rent control, I do like rent stabilization, so I can appreciate the work the activists were doing. And the production quality of the video was great. But sadly, I'm giving it a dislike because of the terrible writing. I dislike this video because people are probably going to watch it and come away more ignorant and misinformed than they were before watching this video.

@malikshabazz2065

2 жыл бұрын

well written, good comment dude.

@kevinstfort

2 жыл бұрын

Spot on commentary. I’m with you on rent stabilization and abolishing single family zones. I also feel there needs to be better public housing that could help increase supply and lower prices.

@brookedarrah

2 жыл бұрын

Hey Hexel I wanted to respond to your comments as the producer of this video. I agree with you that we should have differentiated between different types of rent regulation: rent control and stabilization...the bill in St. Paul was about stabilization and the study done by UMN and the University of California were both studying rent stabilization NOT rent control. I do think it's important to say that rent controlled buildings are almost universally a thing of the past. True rent control only existed briefly after WWII and then on a more limited basis in the 1970s in some cities when inflation was high and then was almost entirely decontrolled in the next decade. New York, for instance, has fewer than 40,000 rent controlled units out of millions of units. Second, we say Twin Cities when specifically looking at studies that included both cities, like the study on the racial home ownership gap in both Minneapolis and St. Paul. The UMN study of rent stabilization looked at Minneapolis but the activists applied the same suggested rate of stabilization for St. Paul --CPI + 3%. As we say in the video, this bill is truly meant to prevent predatory behavior and GOUGING which is why they based the stabilization on what would allow for reasonable return for landlords and based it on the amount most landlords were already raising the rent annually. So it isn't accurate to say that rent stabilization is "useless" because it would protect poorer residents who are more likely to see egregious rent hikes and predatory behavior from landlords. The bill ALSO has carve-outs for landlords when they do renovations and other improvements which we should have mentioned. Third, the study we include about SF looks at a city that both has very strict zoning that prevents new building AND has had laws that gradually decontrolled units. New York has the same problem--NYC has lost many stabilized units (and as I mentioned, rent controlled units) because of laws that allow decontrol. The St. Paul bill is universal in order to prevent decontrol. I also agree with you we would have liked to have looked closer at the impacts of the repeal of single family zoning in Minneapolis, which are inconclusive, but the ability to build more housing, with a certain percentage of affordable units or ideally building public housing is very important for reducing housing costs which is what the Minneapolis laws allowed. There's been a lot written about that, I included one from politico below! Rent stabilization is meant to prevent displacement. Other policies, as we say in the video, are needed to reduce housing costs. Stay tuned for that video! Thanks for your comments. Here's a littl more about the laws in Minneapolis specifically: minneapolis2040.com/policies/access-to-housing/ and here's the study on rent stabilization in Minneapolis that activists in St. Paul (and current activists in Minneapolis pushing for a similar bill) used www.cura.umn.edu/research/minneapolis-rent-stabilization-study www.politico.com/magazine/story/2019/07/11/housing-crisis-single-family-homes-policy-227265/

@likeabirdinthesky

2 жыл бұрын

@@brookedarrah informative response. thanks

@andreag8666

Жыл бұрын

@@kevinstfort that’s insane! You only say that because it isn’t your property being affected. What if you purchased a single family home and You lived there for five years creating equity and all the sudden conglomerates have decided to start buying up the neighborhood and dumping in AUD’s and flipping houses to building them into condominiums? They’ve in essence screwed you and you can’t even get out of the neighborhood. I believe the underline reason in Minneapolis that this worked is because it became a dump. In San Diego this is not working and it’s destroying single-family home neighborhoods. Rent has NOT gone down. I think the real lesson here is Don’t use “one” case study and assume it applies to everywhere.

2:58 Rent Control is a Price Ceiling, not a Price Floor.

@YashArya01

Жыл бұрын

@Lind Morn it's sad that so many people look at such videos to confirm what they already want to believe, and end up promoting policies that will lead to more poverty and poorer lives.

@ausboy2281

Жыл бұрын

It’s also a miss-allocation of finite resources where it encourages people to take up extra bedrooms and space even after their life circumstances change which prevents new people from being able to move in and afford the housing stock because any new stock is raised due to the shortage. I.E New York. Problem with America is they don’t know how to get their government to build housing directly for the lower classes

@YashArya01

Жыл бұрын

@@ausboy2281 I agree with the first para of your reply. Your second para took me by surprise. I don't believe government should be involved in housing at all, just as it shouldn't be involved with any other goods/service. Eliminating rent control and other zoning/housing regulations is enough to create affordable housing. Rest of the indirect improvements would come from more economic freedom in other interconnected areas of the economy.

@ausboy2281

Жыл бұрын

@@YashArya01 eliminating rent control and zoning would solve the artificial crisis for the vast majority of people (looking at Japan as a great example) however there will always be a portion of society where the market can’t service their needs due to their low income not being sufficient enough for them to find somewhere to live. (The jobless, elderly, disabled etc etc) Everyone should have a place to stay

@YashArya01

Жыл бұрын

@@ausboy2281 well, I too would like to see everyone have a home. Even so, I'd say: 1. Morally, misfortune is not a claim to slave labor. Those unfortunate enough to need help do not have the right to coerce those whose help they depend on. 2. Practically, we would first need to know how many people fall under that category once we have higher economic freedom and therefore higher prosperity. I'd say the number would be quite small, and the productive people would be much wealthier to be able to look out for those genuinely in need for no fault of their own through voluntary generosity. 3. I suspect public housing will come with its own moral hazards and other unintended consequences.

I know properties all over the city I live in that will ask for 2000+ USD per month for a one bedroom, one kitchen flat that haven't had a tenant in a decade or more. I know folks that were willing to pay these extortion prices for a flat, where the landlord mysteriously went silent or suddenly found another tenant when they mentioned the partner that will be living with them is either of the same gender, is transgender, or goes by a non-binary pronoun. Landlords are parasites on society that will lie through their teeth if it means they can raise their profits or keeping a minority group from their properties.

@CordialH

Жыл бұрын

This. If landlords were genuinely struggling for money they'd have their units full. It's like the wage issue - They decry "Nobody wants to work," and leave out the "for what we want to pay" bit at the end.

@debra1363

Жыл бұрын

I am not happy with some of the Trans stuff(in schools) but a person should be able to live with whoever they want to,and to live WHERE they want to.What you do in your private life and how you dress is nobody's business.

My rent just increased by $348-- per month due to market value. What do I receive?????? NOTHING.

@richardprescott5939

3 ай бұрын

Market value increased because more people are looking for fewer apartments. NO ONE will put up a building and all the costs associated with that if they can't charge rents to make up their costs. So they don't build, and those who have apartments watch their units rise in value.

@Boris80b

3 ай бұрын

And you hear excuses from free market apologists

@jasonbrannen7598

2 ай бұрын

@@Boris80b it's not a free market. Local government tightly restricts what type of housing (if any) can be built where....and that's just the tip of the iceberg when it comes to the regulations that apply to housing.

@Boris80b

2 ай бұрын

I love these excuses like "local government"

@richardprescott5939

2 ай бұрын

@@Boris80b Reality is not an excuse. Supply and demand is simple fact. So if you restrict making profit on rentals, fewer people build new units OR improve units. If you artificially lower the amount you can charge on some units, the other units will rise in value. In any business, new businesses under cut the prices of existing businesses or offer a better product. That doesn't happen when gov't changes the playing field. So for instance, in Oakland where they allow (some might say encourage) shoplifting, NO ONE will open up a retail store. You can't turn a profit you don't open a business

There is rent control, then there should be price control for at least hydro, water, gas, property tax and interest rates.

@ImehSmith

Жыл бұрын

💯💯👍👍💯💯👍👍

@biguglytrux7771

Жыл бұрын

yes! yes! yes! more control! more control! more control!

@georgewagner7787

11 ай бұрын

Never happen

building more apartments wont reduce rent..wanna know why, cause building nothing but luxury apartments priced more than the average mortgage is just gonna make people not want move into those apartments..then all you get is a bunch of expensively built half empty complexes/buildings

@madderscience

10 ай бұрын

wrong. todays new housing is tomorrows older and cheaper housing. Every brand new building entices somebody to move from an older unit. This is trickle down that does actually work and has been proven so.

so so glad i found your channel

The very short clip in this video is very true about burning down rent controlled apartment buildings. I am from NY and saw this with my own eyes. The landlord's would burn the buildings and collect the insurance money because they could not raise the rent. This was an epidemic back in the 1970s and the 1980s. The buildings are all old decrepit falling apart and in dire need of repair and the landlords did not have the money to fix them.

@eattherich9215

Жыл бұрын

'The buildings are all old decrepit falling apart and in dire need of repair and the landlords did not have the money to fix them.' As a result of years of neglect. Slum landlords are happy to take the rent money in exchange for poor quality accommodation. Maintain your property on a regular basis and it won't become a problem down the line.

@jaad9848

Жыл бұрын

Arson is illegal. There are laws in the books against that.

@sew_gal7340

Жыл бұрын

Also low income housing also means higher crime and more undesirables, which leads to home value to decrease...so nobody would want to invest in those places or buy those houses. This video hasnt debunked any of the important questions and instead bids for emotional impact instead. There are real rational reasons behind this that are not being discussed

@jaad9848

Жыл бұрын

@@sew_gal7340 You really think the causality works in that direction :facepalm:

@marietta1335

Жыл бұрын

@@eattherich9215 The buildings are old and decrepit because tenants are usually behind in their rent and the taxes and insurance charges keep rising. And with low rent, landlords could not afford to fix them. Parasite tenants should be deprived of housing. Better to burn the house down than be sucked out of your blood life by greedy, parasitic tenants.

The rent is out control. I feel bad for low income people. I rent out a house for 30% less than I could get. But my tenants are great and take care of my house, which is why I charge less rent.

@seventhcompactor1505

11 ай бұрын

They can share space, or move to a cheap midwest city

@tocktick20

2 ай бұрын

@@seventhcompactor1505 or just explain how they are a victim, and it is not their fault

Landlord: If I can't raise your rent by it more than 3% of a year then I won't be able to reinvest in fixing up the place and making it better The place: hasn't had the landlord do any of the things that they were supposed to, person pays out of pocket to fix it themselves

@hazelXin223

11 ай бұрын

Our landlord poured rocks over the dying grass and called it an "upgrade." Now all those rocks are in the parking lot and we roll over them with our cars and it's just annoying.

@hazelXin223

11 ай бұрын

They also painted all the buildings white (horrible idea it'll just get dirty and gross looking) when they used to be a beautiful natural brick. idiots.

@hazelXin223

11 ай бұрын

And since this all took place, our rent has gone up by about $150 in 2 years.

@Boris80b

11 ай бұрын

Greedy people never cease to amaze me.

@johnlast6066

11 ай бұрын

You must have forgot about the tear you lefties didn't pay rent.

Our rent in 2020 was 761.00 now it is 1255.00. No updates, same early 2004 he appliances, can’t paint, can’t have a business in apt, no change in income, and we live upstairs

@tocktick20

Ай бұрын

If it’s not worth it, please move.

I was looking for something that was a strong argument FOR rent control / stabilization. However this WAS NOT it. While the personal stories are important, they do not address the economic arguments around RC/RS. If someone has a life event that causes financial hardship, there should be social programs that steps in, but that should NOT be addressed by RC/RS. RC/RS does cause a shrinking of the rental pool, and a lowering of rental property quality. There are several proven economic factors for that, and too many examples in the US to support this. There is nothing in this video to viably support a counter argument. The reason that RC/RS tends to get interest and bills are passed is because of these kinds of social stories, but not economic reality. More people understand the former rather than the later, and people = votes. So far I have only heard of ONE example where RC/RS worked. That is in Austria, but technically this wasn't RC/RS that worked. RC/RS was used as a vehicle for the city of Vienna to buy up properties from former landlords after poisoning the rental market. Once they crashed the rental market with RC/RS, they were able to step in. The city effectively became a socially motivated monopoly landlord, and sets rents based on a balance of overall need, and induvial circumstance. It is the only example where property quality did not decline, because the city itself guaranteed it's maintenance in a zero-profit model. I would be interested if anyone has another positive example. The "Vienna" model is unlikely to get any traction in the US since it requires both a very strong socialist mentality, and a city with a lot of money to buy the properties. As far as I know neither of those exist here. I believe the closest we could hope to get in the US would be a significant expansion of well-targeted Section8 vouchers, or a local property tax increase that was then directed to building city-owned housing for those with low means, and/or high needs. Since these really do target the REAL problem which is the supply of housing. RC/RS has shown many times that is does the exact opposite and reduces that supply.

@MrMarinus18

Жыл бұрын

There is one big thing many forget and that is that a shrinkage of the rental pool is not a bad thing because most of those buildings are just sold off instead. Rather people are renting homes or buying them is irrelevant. The Vienna model also happened for a different reason which is WW1 as the Habsburg empire fell apart and Germans from all over the empire fled the now independent regions and flooded Vienna. Also when the social housing project began Austria had next to no money at all having been crushed in the war. If anything though it shows how it's political will rather than finance that determines projects like that. Berlin recently implimented a rent control system to great success. They tied the maximum rent to the value of the building to encourage maintanance and they cleverly exempted new buildings from the rental controls. This let to a mass construction of new rental homes and a sell-off of the old ones. However even though the new rental homes were not tied to the rental controls the existing rental homes being tied down still meant they were cheaper than the original rents before the policy. On top of that the massive sell-off of houses and the increase in amount of total houses meant house prices itself also dropped.

@justanoman6497

3 ай бұрын

@@MrMarinus18 A lot of building pulled from rental market actually sit vacant and dilapidated. Not those owned by individuals, mind you, individuals can't afford the write off. But lots of LLC do it, especially if it was leveraged purcahse so they can actuallly just write it off and declare bankruptcy eventually. Sometimes the building sits so long that it become unsuitable/unsafe for habitation so they should, by right, be redeveloped. But no one wants to put in the money to do that and a lot of time the zoning code etc are too difficult to work with. What you say, that is to say being sold off, do happen. But there is actually a shrinkage of active housing as well.

@MrMarinus18

3 ай бұрын

@@justanoman6497 Okay, what's the best way to solve that? Maybe a squatting right could work? Or the maybe a project where the local government buys up vacant housing to use as social housing. You could also put in fines for having empty housing.

@MrMarinus18

3 ай бұрын

@@justanoman6497 One way you can solve it also is via property taxes. That you have to pay property taxes even on empty buildings which would provide a strong incentive to make use of it. The problem you are mentioning is real but it's not an argument not to do it. It's just a problem that has to be solved. I think maybe a combination would be best of a higher property tax for empty buildings and maybe a government program that you can sell houses to that you no longer want. That you can sell it to the government with no questions asked other than if it's structurally sound and for like 80% the market price. That 20% loss is cause the government will handle all the paperwork, regulations, zoning and so on for you. Then it can use those houses for a public housing project.

@justanoman6497

3 ай бұрын

@@MrMarinus18 First and foremost, you can't assume there is a way to solve it. For most real world problem, there aren't--there are only ever ways to mitigate it(in some cases, not even that, but I do believe there are here). Squatting right is a horrible thing to suggest. I think what you are thinking of is adverse possession which is not the same thing. The two are often confused. AP is already present in all states I believe, as it was inherited from common law. Buying up the housing by the goverment for social housing would be a way to mitigate it. But this is really hard to get off the ground due to budget and NIBY issues. Further, you have signifcantly underestimated the government's ability to waste money. 20% won't be enough. That said, ultimately having an out of pocket exceeding 100% is potentially better than the alternative. The "property tax" solution is already in effect and haven't solved it. The issue here is that the property is to be written off after squeezing out equity via leverages by the LLC. So they don't care if the property end up being upsidedown one way or another. A fine for empty housing would be in a simlar vein, a small encouragement to utilize to be sure, but marginal due to the intented end result. It would also face applicational problems. Some people have vacation or ancestral home etc that sits empty most if not all the time, would they be hit with the fine too? What about housing that is almost but not quite ready to be lived in held up by some governmental process? Determining when to leverage the fine could be quite tricky. Another long term, albeit slow, mitigation measure is make it so that non-person entities can't buy residential housing. As noted, most "people" can't afford to just write property off like that, it's only the LLC that have ways to dodge the consequence that do it. Those entites should still be allowed to build-to-own, because extra housing created in any way and form is good, but no longer buy so there won't be a potential drain as a consequence of whatever. But even this have problems. Regardless of your opinion of them, there are companies that act as brokage/middle man--buy up housing to then sell to others. This allows those who need to make a quick and easy sale for whatever reason to do so. So such preventative law would either kill this or have to open a loophole that might be abused. There might be other use cases that I'm not thinking of off the top of my head. So yes, there are mitigation measures. But each of them tend to either have their own problems or face opposition one way or another. "Just a problem that has to be solved" is a rather dismissive attuide toward it. It's a lot harder than you might think. Ultimately, whether to do something will likely come down to a balancing act between the pro and the con(the con being how many and frequent problems arise and the cost of mitigation).

Good vid! Keep it up!

@programking655

Жыл бұрын

No, this is a stupid video

I think a decent amount of people think landlords are individuals. In florida, lot of complexes are ran by property management who prioritize shareholder dividends. Many are like renting from a buy here pay here, slap a pretty bandaid on it until someone signs a contract.

@susanfudge1737

Жыл бұрын

True. Those that are RUN by big companies will increase because they can afford the increased taxes, insurance, building regulations. When government passes laws to protect poor, it hurts the middle class and will eventually profit the elite.

@reverendbluejeans1748

11 ай бұрын

If there was a price control on food, the only shops that would stay in business would be big supermarkets. Because supermarkets run on vastly smaller margins, the local shops.

@Boris80b

11 ай бұрын

Yep. Too many justifications for greed.

@reverendbluejeans1748

11 ай бұрын

@@Boris80b I am sure a lot of these companies are over leveraged. When the interest rates go up, it gets ugly.

@Boris80b

11 ай бұрын

"Over leveraged" often isn't the whole story.

lmao I love that she's showing how high rents are a problem meanwhile Rent Control is causing the high rents.

Noticed how they focused in on bigger property management companies. They say nothing about families in the next tier that own a single property. Inflation goes up, but there's nothing they can do to finance repairs, upgrades or quality of life for their tenants.

The problem with this comes when taxes and insurance cost start rising faster then the landlord can increase rent due to the 3% cap. My insurance jumped 12% this year and county taxes 8% due to "inflation" but if i was capped at 3% i would be forced to sell the house vs keep renting it. I simply wouldnt pay the mortgage.

@JaymesJack

Жыл бұрын

There are 2 sides to the story. We have to look at the insurance companies and regulate their cost also. Property taxes are also ridiculous. Not all landlords are rich and have the same situations.

@JanPospisilArt

Жыл бұрын

Wow, almost like it's a bad idea to get a mortgage to play landlord. Other people should not be responsible for your poor financial decisions.

@NiceOCGuy1981

Жыл бұрын

Then your place gets repoed

@errorite6653

Жыл бұрын

@mericanmodi8479 "I can't afford my second absentee mortgage unless I force someone else to pay for it, but also it's still other people's fault if they can't afford to buy it for me."

@errorite6653

Жыл бұрын

@mericanmodi8479 Lmao are you even literate? I said "someone." If I leave, then someone else is forced to pay. If they leave, someone other than them is forced to pay, and so on. That is how rent-seeking works by definition, because if the landlord were paying for it themselves, it *categorically* wouldn't be rent. You're in denial of reality. You even implicitly admit this when you say, "go rent elsewhere." Like, that's still being forced to rent from *someone*, dipshit. Landlords have the entire backing of the state and police behind them; whether or not you think it's justified, THAT IS FORCEFUL. Obviously. What, are you 12?

This was really great. Thank you again for putting such effort in simply explaining such things.

@kimmieb2u

2 жыл бұрын

Except that they're wrong. Rent control does end up making fewer rental units available. The problem is that tenants want maintenance and updates made to properties while making landlords pay for it all, even though the rents can't cover the costs.

@politicallynonbinary

2 жыл бұрын

@@kimmieb2u maybe if it's so hard to make money as a landlord they should do a different business.

@jacobnapkins1155

2 жыл бұрын

@@kimmieb2u it encourages some landlords to sell which is good for first time buyers it also caps rent and let's people keep more of their money nothing wrong with that we need rent control

@marietta1335

Жыл бұрын

@@politicallynonbinary Exactly why they're selling.

@jacobnapkins1155

Жыл бұрын

@@marietta1335 good nothing wrong with owner occupied homes used to be the norm before landlords scalped all the houses

Y’all know rent control fucks over renters that don’t benefit from rent control. Landlords jack up the price to new tenants to price in future rent increase caps.

@tocktick20

Ай бұрын

Logic has no place in a discussion about rent control. Landlord bad, tenant victim.

Love that excuse. If you put a cap on rent then landlords can't afford to renovate. Anyone who's lived in a cheap apt. knows that they don't renovate in cities where there are no caps anyways!

@tocktick20

Ай бұрын

I sense someone that does not save money, isn’t buying property and has great excuses.

Mankato MN- on the surface it seems like MN nice but underneath is a regime of middle class homeowner clienteleism and unaffordable housing. Not very hospitable to low wage workers. The metro area only has ~100k people.

9:10 Not so fun fact, basically no cities or states in the US keep track of which houses are currently occupied, who owns them, or requires real names for owners. Simply asking the local water+electric utility to find out which houses are drawing water+electricity to attempt to find this out is considered a massive overreach into corporate private knowledge. The US census also doesn't publish a list of which addresses they've knocked on, and the 2010 census had a 22% self reported non response rate, and the 2020 census is largely considered terrible and borderline nonusable because the Trump admin ended it a month early, explicitly went after immigrant groups with harassment and generally completed the already poor process worse than normal.

@richardmeiners6535

7 ай бұрын

Actually in most areas it is really easy to find out who the owner of a property is, just go to the county appraisers page and do a property search. Most counties have one, but I am too lazy to look at all the counties in the US to verify it for all of them. You can also find if the taxes are being paid or not, ones that are behind are often vacant.

The landlord has to pay mortgage, insurance, maintenance, real estate taxes & other expenses. When expenses rise at 10%, a 3% rental increase will result in no more rental housing built, no improvements--just look at San Francisco.

@Boris80b

2 ай бұрын

Excuses

@tocktick20

Ай бұрын

@@Boris80bvictim alert at Boris o’clock

help me with the math please, I went to public school, landlord cost for upkeep is $1000/month, but landlord is forced to collects $700/month, how much does landlord need to continue providing rentals to his other tenants?

@billie7745

4 ай бұрын

In what world does upkeep costs you a 1000 / month? Housing should not be an invesmtemt but it's used as such

@joncuz718

4 ай бұрын

@@billie7745 clearly you never owned a apartment before, mortgage itself is already at least 1k.

@billie7745

4 ай бұрын

@@joncuz718 it's not a renters job to pay your mortgage. I don't care. Landlords are parasites. Equal to ticket sculpers for concerts. Absolutely unnecessary

I love this channel, and I’m not even American! ☺️

Lol, ok then, feel free to advocate an idiotic policy that the entire economics profession has agreed is horrible since the late 1800s. “rent control appears to be the most efficient technique presently known to destroy a city-except for bombing” - Assar Lindek, a Swedish socialist economist

Here in NYC they built a bunch of luxury apartments and many of them sit empty because most people can afford it. The problem is mismanagement and greed.

@reverendbluejeans1748

11 ай бұрын

These things happen because of government interference. Nobody makes a house not to live in. No animal would not do that. It cost 1%4% cost of the home in maintenance costs.

@sonic8005

11 ай бұрын

@@reverendbluejeans1748 it literally is the reality. These homes sit empty as they are much less like a place to live and more like an investment.

@reverendbluejeans1748

11 ай бұрын

@@sonic8005 Sure it is. A worse example is china which has ghost cities. The CCP created this issue.

@georgewagner7787

11 ай бұрын

They are an investment. My neighborhood has changed from Norwegians to chinese. China didn't have a recession in 2009 so because they don't trust their own government they need somewhere to park their money. If they can they get tenants but if they don't letting the building set is still gaining them profit because it's going up in every year

@georgewagner7787

11 ай бұрын

In value

price controls have never worked and always raise prices and lower quality. price controls is literally rent control.

@Boris80b

3 ай бұрын

nah

This video relied heavily on the study conducted by the college of Minneapolis & St. Paul. 1. It is a weak argument to say that because you observed on average about 2-5% yearly rent increase from 2000- now that rent control set at 3% is not likely to reduce Landlord's profits by much. Why a sample size of only 20 years? Does that factor in the increased cost of development, or the crazy amount of inflation since 2020? 2. The claim that rent stabilization will not affect rhe rate of new development. The study looked at cities that exempted new construction from rent stabilization, and said this bill by Minneapolis is the first of its kind. 3. The idea that landlords want profit = evil, or Landlords price their units higher than the local population can afford= evil. Literally the community activists all chararcterize landlords wanting to raise prices higher than 3%, or that are against this measure as "predatory". Any warnings of actions landlords and property developers may take is are framed as "threats". 4. Gentrification. Saying that the city reinvesting in newer construction, and trying to attract higher income residents is racist, or clasist. This video specifically cites construction of the US highway system and how that displaced a lot of black people. The city needs net tax payers, and can not function of of dreams and socialism. Richer residents moving to Suburbs kind of left a vaccuum. Overall, this is a policy doomed to fail. This is like trying to hold onto a handful of dry sand: the harder you clench your fist, the faster sand escapes until your hand is empty. New York commercial, and residential is an absolute dumpster fire of inflated prices and poor quality. The community organizers in this video may have won the battle temporarily, but in less than 15 years, most of the poorer residents in the city will have to move away anyways because of the economic reality of trying to live by yourself in the city nowadays. Want to avoid being priced out of a home? Form strong bonds with your friends and family, and don't become overly attached to living in the same area code for the rest of your life. Notice how often the anecdotal examples of beneficiaries of rent control are single mothers/ single-income individuals? Notice how this think piece completely ignores what happens after higher-income residents move into the gentrified city? ( the gentrified portion is better to live in than the surrounding non-gentrified portion) No matter your politics, or religious beliefs, strong, in-person human connections are needed now more than ever. A lot of young adults want to move out of their parent's house at 18, and make it on their own in the big city. A lot of people in poorer communities are afraid to explore what life has to offer outside of city living. 4 or 5 generations may have rented in the same place forever. Maybe it's time for a lot of lower-income city dwellers to seriously consider a new lifestyle, and try to build a community where they could actually own their property eventually? Ever heard of homesteading, or living out of a trailer? Displacement does not equal death. Landlords losing profit does not equal death either, but eroding the limitations slowly, over time of how the government can influence the economy will have widereaching, unpredictable consequences. In the case of an individual being displaced, individual community members could easily help them out. In the case ofthe government gambling in the economy, once the city's money runs out if the State government does not bail them out, then everyone gets displaced anyways. When those "greedy, rich people" are no longer able to provide the services, noone wins. Fight for rent control. Get mad at how corporations manipulate housing prices. Do whatever you want. All I know is it is not saving those Black communities, and you are foolish if you are a single-income person who insists on living in a city where you are a few, bad economic decisions away from being homeless. If you need everyone else to fund your economic decisions and cushion the economic consequences for you to maintain your situation, then are you not forcing your decisions on everyone else in a way? Is it not in everyone else's self interest to look out for themselves and ignore your needs at that point? Since this conversation already devolved into "fuck those landlords; they're greedy, and we need the government to hold them accountable" why should landlords care if poorer residents don't have homes? that goodwill will not erase the economic conditions leading to the price increases. Their concerns are ignored anyways because there will always be more poor people than rich people in any population.They will be outvoted, and have to take individual action because "Minority Rights" are no longer prioritized in the US government.

@valence6023

2 ай бұрын

"Ever heard of homesteading, or living out of a trailer?" Please eludicate the public on how poor people who live paycheck-to-paycheck in the city are supposed to afford a trailer and/or homestead, afford the fiscal burden of moving across the country without subsidization, etc.. Also tf you mean "build a community where they could actually own their own property"? To own property, one must buy property--which is horrifically expensive and unaffordable for 'city dwellers'. Something tells me you're either financially-set or you don't live in a city.

Threatening future profits for housing suppliers WILL cause them to shy away from supplying more housing. I am correct?

Cities don't need more housing they need better transportation that doesn't really on cars.

@AnAppleThatHappensToBeRed

Жыл бұрын

they need both, actually

Currently live in a part of Saint Paul which is receiving major investment in public transportation. Definitely would be rent hiked out of my apartment without this ordinance in place

I sold off my rental houses to New home owners due to recent rent control laws in my area.😊

@paulgibbons2320

5 ай бұрын

Good. Least someone is not been exploited. Why would we object to that ?

@Razor1473

27 күн бұрын

Good, we don’t need leech middle men.

"First bill of it's kind, and not enough research to know what it will do to new development" 10:44 okay so they don't have a leg to stand on with this video

@musictosoothe

Жыл бұрын

Plenty of research shows it will stifle development

The 3% cap is still too much of a yearly increase for many. For example 3% of $1800 monthly rent is $54, so in two years your already paying about $110 a month more. Income is not keeping up with these increases and with the inflation in general. More has to be done. We have to challenge the idea of housing as a commodity and think of housing as a basic human right.

@madderscience

8 ай бұрын

right or not, somebody has to produce it, maintain it, and for rentals, manage it. Costs of doing that go up along with everything else. Recent inflation has been more than 3%. Capping rent increases at 3% then means forcing housing providers to accept less every year for doing the same work at greater expense. That is not sustainable and we all know it. Keep it up too long without any way out and eventually you get the bronx in the 1970's. If your wage isn't increasing enough to keep up with a 3% rent increase, (which BTW could be entirely paid for with a 1% raise if you work full time) then upskill or take another job, or move, or get a roommate. There are options.

This is a sign 🤘 people get your insurance agent to do a family planning death benefits smh very sad

Not even 5 months after it passed - the law was overhauled. Why? Well- new construction was halted and nobody could get financing to build housing. Unintended consequences when you put in price controls. St. Paul will have housing permits-just in the form of luxury housing.

@muhammadfawzi1145

Жыл бұрын

Great point!

@nonenone769

Жыл бұрын

uhmm, I don't think this is the place to be stating actual facts. You are to just say landlord evil ... 🤷‍♀because. Sure the title has "...Debunking Your Landlord's Myths", how many facts were in this video to debunk anything? It's a bunch of feel sad and we are sticking it to the greedy landlords. So, pack up your documented facts and get da steppin' on this side of the interwebs, we echo our feelz and not facts. Where's the sarcasm button? 🤔

@jacobnapkins1155

Жыл бұрын

Wrong they still have rent control they just added an 8% amendment Oregon has rent control to and it's much cheaper there than it's neighbor to the north where rent control is illegal

@TohaBgood2

Жыл бұрын

@@jacobnapkins1155 Oh, so they made the limit irrelevant thus invalidating the law? You do understand that an 8% growth rate means that the rent would _double_ about every 9 years, right? Has rent doubled in this city over the preceding 9 years? No. I live in a city that has been rent controlled since the 70s. Building in the city has basically stopped. Rent is at $3-4k for a 500 ft "one-bedroom" apartment. A ton of the old housing stock has been either literally sitting empty or been cut up for condos. Rent control is a blunt axe. If you want to do surgery on your rent prices you either need much much more precise tools or you need to just address the core problem. Now tell me, would your landlord be able to raise your rent if the brand new building across the street had a larger unit with hardwood floors, a pool, a fitness center, and a rooftop with grills and a hotub? Rent control is a typical do-gooder idea that sounds good on paper but is a disaster in practice. Anyone who actually lives in a rent controlled city will tell you this.

@Boris80b

11 ай бұрын

@@jacobnapkins1155 yep

Landlords wants rent to pay their mortgage if no rent coming up no mortgage is paid … Meaning the bank will take over the apartment complex and the landlord will be homeless too .

@jessicabixler1658

Жыл бұрын

Tell the landlord not to leverage enverone else's money to the hilt...

@sonic8005

Жыл бұрын

If you're relying on tenants to pay you in rent to pay off the mortgage, is it not them who paid the mortgage off? Why should you be entitled to keep the property if you paid for it with money given to you by other people who got nothing in return?

@Solidsnake999

Жыл бұрын

@@sonic8005 Nothing in return !!!! The landlord is giving people apartments to live in lol

@sonic8005

Жыл бұрын

@@Solidsnake999 how much do they have to pay you to keep it? How much in rent? If you can evict them at any time and they have nothing to show for it then everything I said was correct

@zcorpalpha2462

Жыл бұрын

@@sonic8005Bank will evict you 😂

The government wants to save the HUD projects, so they want to cap the rent. I live in low-income housing because I am a childcare worker and an older woman.

Rents are out of step with wages. It's a money for nothing scam. Curb it or end it.

This is absurd. So no matter how high the inflation, no matter what the demand, the owner is supposed to... Subsidize you?

@nonenone769

Жыл бұрын

Yes. Hand them all the money so they don't have to work any harder. If you don't hand over money for nothing, YOU are the greedy one.

@AnHeC

Жыл бұрын

@@nonenone769 you don't get it. I'm not letting someone live with me for free. It's an annoyance and a literal loss of money because it costs to house people. Nobody will let you live in their house at their cost. Would you pay for someone to live in your house, use your stuff and so on? You're literally asking people to pay to house you.

@jessicabixler1658

Жыл бұрын

If the owner dosnt think they can make money then they can invest in something else...the corporate landlords are the biggest offenders and there will be pleanty of people willing to make bank instead of hand over fist to replace them.

@WitchMedusa

Жыл бұрын

Finally, nice to see someone with common sense in this comment section. Firstly, the moral issue is that there should be no rent control cause it infringes upon the property rights of the owner. Secondly, they ignore the fact that their rent control amount is less than inflation. A better system would be X percentage + inflation, though that system would still be wrong because the core idea of rent control is fundamentally wrong. There is no right way to do rent control because rent control is wrong.

@katethegoat7507

Жыл бұрын

​@@WitchMedusa rent is wrong. Housing is a human right. We have the resources to prevent anyone from being homeless and dying of hunger, and I will never let the greed of the few get in the way of that.

What happens when inflation exceeds 3%? What happens when property taxes go up over 3%? This is effectively the same as income control...what if the government said you could never go up more than 3% in your income even if they raised your taxes by 5%. Even if you got a promotion your stuck at 3% and with higher taxes now your making less overall. Rent is someone's income and when the expenses aren't regulated then who will buy or build there? What should be going on is passing laws that prevent the government from spending too much and laws that prevent them from raising taxes.

@finalfant111

Жыл бұрын

Maybe landlords should just be transparent with Tenants. If they are losing money on a property, show them the justification for the rent increase. A reasonable tenant should be able to understand that you are providing a place to live, but if it costs you money to have a person live there and to own the property with not profitable income, then you cannot keep the property. However, I can guarantee that if you don't feel comfortable showing them that you are making a massive profit on their rent, they are not going to be ok with a rent increase just because you are greedy. Rightly so. If you are making a significant profit, you should have not reason to raise rent or you are just being a greedy asshole.

@waynedexter

Жыл бұрын

@@finalfant111 I’m in your camp but can you make an argument without the name calling?

@sew_gal7340

Жыл бұрын

@@finalfant111 You dont get to control what someone chooses to charge FOR THEIR PROPERTY...that is the mindset that is wrong with this culture. That house belongs to someone much like a car or a jacket. You are borrowing it to use, you dont get to dictate the rules...otherwise go buy one yourself.

@Boris80b

11 ай бұрын

@@finalfant111 Yep! Gotta love it when someone comes up with a brilliant response that says that we "don't get to control what someone else charges for their property", as if that's some kind of "gotcha" argument. Others also don't get to tell us how we should feel about unnecessary greed.

@madderscience

10 ай бұрын

posts like yours you never quantify how much profit is greed. is a 10% profit on rent after ALL expenses, taxes, and maintenance (long and short term) budget greedy? 1% profit? 10% profit on a $1000 rent means landlord earns $1200 a year for everything they are obligated to do and all risks they assume so which tenants don't have to worry about.@@finalfant111 So to earn US median wage equivalent with 10% profit margin with $1000 units would need to manage more than 40 apartments. I can tell you right now thats way more work than a 40 hour job.

I think its so good that you show these stories. They are so fucking tragic. At least now these people get heard.

@georgewagner7787

11 ай бұрын

By whom? No one that's going to build

Maybe we should question a housing model that relies on "investors" to make adequate and affordable housing for working people. We need more public housing and better regulation of the market. It's almost like the US hates the idea of doing anything for citizens without a profit motive.

@stevenbeebe35

7 ай бұрын

They tried that in the 1960's and the housing projects turned into slums and hotbeds for crime. History.

@yaboiii64

5 ай бұрын

Would you work and volunteer your time out of your life that you wont get back for free? Basic econ 101. Most TENNANTS wouldn't know fiscal responsibility if it fell out their rear. Why cant they go to a bank and get a loan for a house of their own? Couldnt be that they have a poor work history could it? Perhaps they might not have paid some bills and stiffed the company or people that provided the service? I wonder if that might affect their CREDIT SCORE? Naw, gotta be that landlords are greedy. Yeah gotta be for taking such a risk. Totally.

@richardprescott5939

3 ай бұрын

Public housing is garbage. No one except those that have no choice want to live there.

Rent control always results in lower supply in housing and lower supply of housing always results in higher rent

@likeabirdinthesky

2 жыл бұрын

sources please

@hunnybadger442

2 жыл бұрын

Maybe housing shouldn't be a commodity...

@Luiiciano

2 жыл бұрын

@@hunnybadger442 so we should enslave people to build and produce housing they have no stake in? Or should people just be homeless cause those are your only two options

@Luiiciano

2 жыл бұрын

@@hunnybadger442 who is going to bust their balls, buy all the materials and spend their time to build the house you want to live in when there is nothing in it for them?

@hunnybadger442

2 жыл бұрын

@@Luiiciano how do we have roads?

Some truly sad stories but when you factor in the cost of building materials, taxes, insurance and any kind of services. Many of those doubled or quadrupled since covid and unfortunately it gets passed on.

Yes on Rent control! It protects tenants and neighborhoods against gentrification!

Landlords believe it or not have family members that die too. Everybody has a sob story.

@Boris80b

3 ай бұрын

excuses

Ma’am. Sorry for your loss, but what was that landlord supposed to do? His bank that loaned him money, won’t listen to his excuses for not paying. You’ll need unfortunately, to get govt help

@georgewagner7787

11 ай бұрын

Or a roommate

👍 Community Land Trust

Can we get a retrospective?

Does this punish those who supply opportunities for housing?

Rent control would get these hedgefund owners out of the realestate biz and enable more individuals to buy houses at a reasonable rate. People used to buy a house or two and rent it out for retirement income. Now hedgefunds throw money at housing like they printed it themselves. Soon no city will be affordable for anyone making less than a tenured doctor or successful lawyer.

@hunnybadger442

2 жыл бұрын

It's private equity firms not hedge funds...

@alaskanelsons

Жыл бұрын

No, get the govt out of the real estate biz. Look at the Milton Friedman video referenced and you will learn how RC has never worked. Competition is the solution to high prices no matter what the product is- make land lords compete for your business as a renter.

Any property not owned by a local resident, business or entity, or that is not inhabited by the owner more than half the year and the owner resides locally in a separate location or attached unit. These properties should all pay a special tax that is then redistributed to local residents, who own not more than one property and do not collect so called passive income. The ones that work real jobs. Owning things is not a job. These payments would be distributed in a way similar as the Alaskan oil checks for their residents. If non local people want to drive up the cost of living and use up available resources, let them pay for it or get back where they came from.

@georgewagner7787

11 ай бұрын

We pay enough Taxes already. And taxes won't stop anything. Landlords will just pass the cost down to tenants

@aryeh155

11 ай бұрын

@@georgewagner7787 would you prefer we ban ownership of more than three residential properties by any one person or entity at a time. Or any list of things. Being a landlord is not a job, they need a real job.

@Jerad-xz9db

11 ай бұрын

@@aryeh155its a free country you can own as many things as you want as long as you work hard and pay for it if you can’t ban ppl from owning things whether you like it or not. Ownership isnt a job thats why its called financial freedom, people work there asses off to get there so they dnt have to or they csn retire and be old comfortably without depending on the government. Now if you want to work what u call a “real job” than thats on you but no need to be envious and try to limit people from attaining things or penalize them for it

@Jerad-xz9db

11 ай бұрын

@@aryeh155also Its obvious you don’t understand how the price system works landlords are not jacking up prices willy nilly its called *inflation* EVERYBODY is jacking up prices from your electricity provider to your grocery stores thats just how the ball roll and landlords are getting hit too and that passes down to the renters it doesn’t matter if a single individual owns that property or the government however much it cost to maintain that property or to repay whatever is invested its going to go back to the renter no matter what so those reasonings you got is just plain stupid and im not trying to be rude im just being completely honest. And FYI corporations, businesses, people almost always pass down taxes to the consumers/ renters it happens everytimes and its not going to stop today, poor people always end up paying the taxes for the rich cause they have no idea what the hell is going on

.....how does running a highway through a black neighborhood in the 60s have anything to do with debunking rent control?

Two points to make: The real problem is that more affordable housing is needed with builders incentivized to build the units. The economics have to work. The only way to reduce the cost of building affordable housing is through changing zoning laws to permit more dense housing. However, people who own property in the neighborhoods with proposals to increase the density are adamantly opposed as it might reduce the value of their property. They mentioned in the news story that the jury is still out on the impact of rent control in St. Paul, however, every indication is that new construction permits are down significantly. This could have a negative impact on the future of the city and the quality of the housing stock.

In the long term the data shows rent controls hurt housing affordability. A bill that isn't even two years old is not a factual representation of the data.

How can you stabilize rent but don't stabilize property taxes, insurance rates, maintenance costs, and all the other expenses? Everyone only looks at one side of the coin.

@yeeksouphand5843

2 жыл бұрын

by doing it anyway and making the rest a burden for the landlord and not the tenant

@k.w.8496

2 жыл бұрын

If you really think about it, rent control is just an asymmetric tax that only landlord pays to try to solve the affordable housing problem. It is a lot less sexier if we have to increase tax for everyone and use that to build affordable housing.

@landlordnation

2 жыл бұрын

@@k.w.8496 absolutely! Government failed miserably at providing affordable housing. So they tore down 90% of the projects and pushed the burden onto the landlords. This isn't sustainable. Rent control will eventually fail also.

@landlordnation

2 жыл бұрын

@@yeeksouphand5843 you won't have any rental houses

@BGcam

Жыл бұрын

@@k.w.8496 funny you mention that because the city of Vienna did exactly that and taxed landlords, and as a result they’ve created a century of stable and affordable housing.

Is there any organizations like this in Philadelphia PA to help us low income renters?

@seventhcompactor1505

11 ай бұрын

Yah, it's called K-12. You weren't supposed to screw up during it. Now. you're f'cked

Not all rent controls are created equal.

#EATTHELANDLORDS

Can we stop all the b.s. and just build more housing? This will make a huge dent in this problem. Govt is the root cause. This can all be fixed if red tape and regulations were eased on builders. This "problem" has been around for many decades, and few viable options have come to fruition when govt is involved. It's all by design, by our govts.

@theomen131

2 жыл бұрын

Id love to agree with you, but the problem is not red tape and the government. Building construction companies and landlords, all make MORE money by restricting the amount of houses. The private market does not WANT to build more houses. To get more houses we actually need the government to build them (social housing) and we could solve housing in a few years. Don't believe me? USSR did it!!

@paulk9985

2 жыл бұрын

@@theomen131 Actually we need low-cost housing and affordable housing. We (maybe not you) do not want to be like the former USSR in any way. Bottom line, the government rules everything. Builders can only do what the government allows. This is all fixable - if our governments do what is needed, yet they play game, make excuses and kick the can down the road.

@lmy2366

Жыл бұрын

@@theomen131 What is in the interest of one developer is not in the interest of another. Why can't leftists understand this simple concept?

@sew_gal7340

Жыл бұрын

Most neighborhoods dont want affordable housing near their homes...it means higher crime and riff raff

@jacobnapkins1155

Жыл бұрын

Nope housings inelastic people don't build to the point it loses them money which is why we need rent control

I would hug this woman right now- my landlord is a pig also

An unfortunate situation but landlords have bills to pay too. I didn't buy rental property to so I could start a charity. I didn't it so I could make a profit. Not the kind of profit YOU think I should make but the kind of profit that I want to make. 😎👌

When your plumbing needs repair we can let the rent control advocates pay for it...

@kitirena_koneko

Жыл бұрын

Considering how many slumlords gouge their tenants yet refuse to make repairs, someone needs to pay, and it's not us renters.

@trapmuzik6708

Жыл бұрын

3% is more than enough corporate landlords is trying to make their clients rich at the expense of poor ppl it's unethical imo

@alexmir8942

Жыл бұрын

Lots of Landlords already ignore serious issues like that.

@purplenights1

Жыл бұрын

@@kitirena_koneko no, of course not. Deadbeat renters want everything for free.

@kitirena_koneko

Жыл бұрын

@@purplenights1 Wasn't there a Rolling Stones song about that? "You Can't Always Get What You Want"? Yes, I would love to be able to live rent-free, but I'm realistic enough to know it's not going to happen as long as I'm renting an apartment because I'm too poor to buy a house because I'm disabled. What I demand, however, is for the slumlord management where I'm renting to get off their lazy asses and fix the place I'm in BEFORE it gets condemned, not that they're going to because I'm going to move to a better apartment complex as soon as I can scrape together enough funds to go live somewhere where assholes don't see me as just a burden on society.

Humans are literally failing this experiment. Making tiny changes to big problems over and over, one at a time, our lives here on earth will never get better at this rate. The fact is very few people are holding most of the cards in this game. we need to take the cards out of the game alltogether. If we, as a world did not have to have currency to get the things that we need, everyone’s problems would be solved. Everyone will work to help someone else at what ever business they choose. We all provide a service that benefits the community. Taking money off the table would level the playing field. There would be no reason for many of the awful things that happen in our world to happen anymore. Everyone would be happier. Greed is what has ruined mankind.

@Jjonescp3

11 ай бұрын

@mericanmodi8479 so you have full confidence in the direction our current system is heading ? The super wealthy and then everyone else poor. Because that’s what’s happening, look around.

@Jjonescp3

11 ай бұрын

@mericanmodi8479 that may be true for some, however many of my students I supervise have no kids and are college educated, yet they are being priced out. I don’t have the answers but I do know it shouldn’t be this hard to be self-sufficient. This is a problem.

@Jjonescp3

11 ай бұрын

@mericanmodi8479 you much be like 16 years old. Go read a book. 😂

@Jjonescp3

11 ай бұрын

@mericanmodi8479 that’s sad where someone simply advocating for a “living wage” is labeled “young minded”. I’ll respectfully disagree with you. Good luck. 👍

@seventhcompactor1505

11 ай бұрын

@@Jjonescp3 Your market wage, is your 'living wage'. Learn to live on it. And don't pop out kids you can't afford.

I'm ok with high rent because I'm collecting, not paying😅

Rent control can work it just depends on how it works, for Berlin and San Francisco they made it so that old and unimproved homes rents were frozen preventing gentrification and making it so that to make more money you'll have to build or improve the homes.

@yaboiii64

5 ай бұрын

So let me get this straight. They punitively punished the owner so they CANNOT make significant improvements by limiting their ability to get the funding over time to make said improvements. Wild logic. Definitely a (D) that came up with that. Bet the taxes and utilities were not capped tho. Govt gotta make that caddy payment.

@Anita.Cox.

5 ай бұрын

@@yaboiii64 they froze old and decrepit apartments so they had to make a improvement, they were not stopped in improving the building they had to do it or make below market prices. Also whats the point of mentioning taxes and utilities? Majority of rent payment go towards mortgages that conveniently do not go down when the mortgage is paid off.

And the Bank came to the landlord and said with no sympathy "If you don't pay the mortgage, we're going to foreclose on the property. And the government came to the landlord and said with no sympathy " If you don't pay the property tax, we're going to take your property.

@TapTapTaap

11 ай бұрын

Exactly

@holaimlopez

10 ай бұрын

And the landlord came to the renter and said pay the 5% rent increase or I kick you out and throw away your stuff…

@bighoss8793

10 ай бұрын

@@holaimlopez shit rolls down hill

Rent control stops all new development

There’s this city called Detroit that in-acted all the juicy policies you all want over the span of 50 years. Long story short what happened in the end? Everyone left.

Never under any circumstance underestimate the power of stupidity.

@DjTittySprinklez

11 ай бұрын

Clerify on what you think is stupid in the context of this video.

San Francisco is now the model city for rental regulations 🤣 Good luck with that. Lady in beginning said her husband passed away and her landlord had no compassion. I'm very sorry for her loss but when does compassion equates to free rent? Would we then say supermarkets have no compassion if they still make you pay for food? Should town show compassion by not collecting taxes? A loss of a loved one is absolutely terrible but it does not absolve one's responsibilities.

@kitirena_koneko

Жыл бұрын

And it never occurred to you that with the loss of her husband, the lady in the beginning of the video also lost a major part of her household income and couldn't afford the jacked-up rent, and couldn't find an affordable place to live because greedy developers flipped them all into condos?

@dmitryg6353

Жыл бұрын

@@kitirena_koneko There are numerous rental assistance programs including section 8. Regarding 2nd income any social security benefits or pension gets transfered to surviving spouse. I bet instead of reaching out to property manager to find solutions she avoided paying and ignored their notices until she was evicted. There are plenty of people who have spouses pass away yet are still able to meet their obligations. It's no one else's fault she can't pay

@kiprana6565

Жыл бұрын

@@dmitryg6353 Section 8 has a waiting list and many landlords refuse to take tenants with this voucher because people with Section 8 tend to destroy their properties. A family friend of mine had to wait months to finally find a place to take the voucher. People always act like they have an answer for everything and don't realize assistance is always this instantaneous, they never lost anything in their lives.

@kitirena_koneko

Жыл бұрын

@@dmitryg6353 Section 8 takes months or years to get on, and other rental assistance sources can run out of money rapidly, especially in times of recession when few people have money to give to charities. We don't know the whole story, so I can't really judge her except by what I've gone through, having low-income property managers go out of business or decide to stop renting to low income people and raise the rent through the roof, which I suspect happened to her.

@dmitryg6353

Жыл бұрын

@@kitirena_koneko So you're not willing to make any assumptions regarding her situation but yet are very quick to make assumptions regarding her landlord and rent situation? No landlord wants to go through an eviction and it's always last resort leaving landlord with thousands of dollars of lost rent and thousands more of required repairs to get it rent ready again. Yet you believe it's the landlord's doing? In this case I don't see it. Judging by the garbage she lived in her finances are probably just as bad. Even if you don't have money you can still clean your house right?

Prices of good and services rise 10%. Cola 3% rent 3%. Yet income maybe 3% if you are still employed.

Living in America is hell. Hoping that we can change that for all generations to come

@freeinghumanitynow

Жыл бұрын

America becoming hell is Biblical prophecy fulfillment.

@madderscience

9 ай бұрын

tell that to everybody trying to come here.

This is what capitalists wanted and vote for. This is what corporate Dems and conservatives fight for. They want capitalism.

Very informative video, keep it up guys!

How was Cynthia able to become a home owner with no income?

@georgewagner7787

11 ай бұрын

She wised up and got a job

It helps the tenants that are lucky enough to get the apt. Everyone else is hurt. This is so simple. Build more is the solution.

Ya gotta have a law that protects landlords too.

@soggytonispuri6901

6 ай бұрын

no

@Razor1473

27 күн бұрын

From what? Not being allowed to do what is effectively the equivalent to scalping but with housing?

Rent control + increased housing supply + punishing large rental companies

@jeffstarrunner1

Жыл бұрын

Yeah if you could force people to build new housing.

@paxtoncargill4661

Жыл бұрын

@@jeffstarrunner1 we could easily do that, give developers tax credits on affordable housing and force municipalities to allow them to build.

@jeffstarrunner1

Жыл бұрын

@@paxtoncargill4661 It would still be determined by supply and demand, as soon as housing could be built for a profit it would and the more demand the more competition to drive down prices. But between high taxes, rent control, pointless wars, excessive restrictions on building, the government is doing everything it can to reduce prosperity.

@reverendbluejeans1748

11 ай бұрын

If they put a price control on food all the local shops would go out of business.

@user-kb9dd4xl3y

4 ай бұрын

Clearly dumb libs in the comments never own a home. Insurance and property tax itself goes up 10-20% every year. The reason your rent is high because the dems keep,raising taxes. It’s not landlords fault

Obviously if she can't pay she's got to go. Why would he pay her rent for her?

If you get anything out of this learn 2 things. Don't rent, buy and if you do rent pay it before you eat otherwise you're going to be homeless regardless of what your reason is.

@garyandsandrahamlin872

Жыл бұрын

Correct, shelter comes before any of your other needs.

@WitchMedusa

Жыл бұрын

Which is perfectly fair. Just use the natural poverty test. If their not underweight, then their not in poverty. Fat is simply your body storing energy for when you don't have food. If someone is fat & says they cant pay rent cause they need food, it means their lying. When they actually need food or else they'll enter an unhealthily low weight, then I'll believe them.

@AdrienneMuhammad-qu4xm

Жыл бұрын

I concur. Make sure you have a decent place for yourself and your children. Find a way to cut out things you can't afford/get from charities,etc(food). Eat home made , cheaper but nutritious foods (beams, rice fresh fruit and veggies. No sodas, processed food). It may be very difficult, however, I'd rather see more of us REMAIN INDOORS and live very frugal, than HOMELESS..

@georgewagner7787

11 ай бұрын

There's a channel where the lady shows you how to make a whole week's worth of meals using like $10 at the Dollar Tree

It's sad honey....maybe you could tell this story to Bank of America....they been so helpful collecting that mortgage each month

@ImehSmith

Жыл бұрын

💯💯💯💯

Wages have gone up a lot. Rent control doesn’t solve anything it makes cities worse. Crime worse in areas with rent control too because they can’t evict gang members.

landlords are NOT government!!! are you going to ask grocery stores to give free groceries????

@yaboiii64

5 ай бұрын

They would. correction THEY WILL. The quiet part they dont say is once everything is free everyones time will also be free, to be dictated on what they will be doing with that free time that is. IE you will now work in a factory 55 to 60 hrs a week COMRADE! ahh the proletariat life!

Putting a cap on rent at the same time that property taxes, insurance, repairs, etc are going up will result in landlords selling the houses. This means less available rentals which increases the cost of rent due to supply and demand.

@two6nine

11 ай бұрын

What justifies the increase? Cause if it’s greed, then that’s the problem.

@charlesyoungblood9414

10 ай бұрын

I hear you got promotion at job, yes? Congratulations. I raise your rent now. You make more money, you can afford more, yes? Okay. I raise your rent.

I don't think rent control is the answer. I think corporations buying up starter homes needs to be stopped. That will naturally bring down home prices and that will affect rental prices.

@youtubeuniversity3638

11 ай бұрын

You know we are allowed more than one thing, correct?

@happygolucky9004

11 ай бұрын

@@youtubeuniversity3638 My point is I don't think you need rent control if a law stops corporations from buying starter homes. It is easier to get one law passed than two. My point is to put more effort into the policy/law that would create the most positive change.

lmao, rent control will keep landlords from improving their properties? Fuck, I didn't realize my $12,000/mo shitbox was rent controlled 'cause my landlord doesn't do shit.

@Boris80b

2 ай бұрын

Yep

A bit of looking into this subject, seems property tax is a base issue here.. but whats stopping people from building cheaper residences?

She lied. When her husband died.( :35) All income ceased. And she ask people where she work AKA her source of income, where she could live. And now she is a home owner….. “all income didn’t cease!

@georgewagner7787

11 ай бұрын

Well she did say she asked people at work if she could live with them.