Yahoo: Krystal Guerra’s Miami apartment has a tiny kitchen, cracked tiles, warped cabinets, no dishwasher and hardly any storage space.
But Guerra was fine with the apartment’s shortcomings. It was all part of being a 32-year-old graduate student in South Florida, she reasoned, and she was happy to live there for a few more years as she finished her marketing degree.
That was until a new owner bought the property and told her he was raising the rent from $1,550 to $1,950, a 26% increase that Guerra said meant her rent would account for the majority of her take-home pay from the University of Miami.
“I thought that was insane,” said Guerra, who decided to move out. “Am I supposed to stop paying for everything else I have going on in my life just so I can pay rent? That’s unsustainable.”
Guerra is hardly alone. Rents have exploded across the country, causing many to dig deep into their savings, downsize to subpar units or fall behind on payments and risk eviction now that a federal moratorium has ended.
In the 50 largest U.S. metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms. And nowhere was the jump bigger than in the Miami metro area, where the median rent exploded to $2,850, 49.8% higher than the previous year. MORE
Only if people pay them, which many are not.
I have a friend that is renting 2 duplexes and right now all 4 tenants have stopped paying rent.
He’s Armenian, so I’m expecting that at some point, one tenant gets a serious “Tune Up” and everyone starts to come to Jesus.
It really works.
Slouching towards Venezuela…
Where’s the sob story for all the landlords who lost their properties when the government made squatting legal?
Gov’t interference in the rental market.
Section 8 housing, &c.
Slumlords like Valerie Jarrett make $millions upon $millions with their political connections.
Small operators, like the guy who fixes up and rents his outbuilding, gets fucked every time – the renters destroy the property, or don’t pay, or whatever – and the law’s on the side of the maggot.
mortem tyrannis
izlamo delenda est …
My houses aren’t for rent.
Socialist housing works like this: Everyone is guaranteed housing at an affordable price. Affordable housing = Lower floors, few amenities, or older buildings. If you want better, see the Rental Agent. He/She/They/Wombat will suggest you come back at a more convenient time – say 4:00 PM. That means come back with $400 or $4000 or $40000 and you’ll be offered a nicer apartment on an upper floor and/or in a newer building at a higher cost. The “rent” will be the same, but extras will cost you. Gotta have the extras or you ain’t nobody.
When my wife and I were just starting out in the ’90s, I had just stepped into a job that made REAL money but I didn’t have anything really put by so no buying a house to begin with for me, we were going to have to rent.
It didn’t take long to find out that all of those ads that said “Section 8 welcome” meant that ONLY Section 8 was welcome. Young, naïve me thought, “well, if they like poor people, they will REALLY like someone who can PAY!”, and I could back it up with my paycheck stubs and credit rating…but that wasn’t how the world worked.
It seems that the landlords looked at it like this; “I can MAYBE get rent money from a guy who I have to vet, trust, and hope keeps his job and actually does pay me when he says he’ll pay me and even if he DOES he will want something for it so I’ll have to actually take CARE of the rental, OR I can do the minimum on my building and put it out for GUARANTEED Government money at a regular time to rent to people who will probably destroy my crap, but also I can TREAT like crap and not put anything into the building to begin with or fix stuff when it breaks, and whine to the government for MORE money when it goes sideways”.
…kind of makes sense when you see it like that…
This, of course, created a boom market in Section 8 rentals and a bust market in “Market Rate” housing, so what little WAS available to people with actual, you know, jobs and stuff, was EXTREMELY expensive.
So to THIS point,
Tim – FJB FEBRUARY 22, 2022 AT 11:26 AM
“Gov’t interference in the rental market.
Section 8 housing, &c.
Slumlords like Valerie Jarrett make $millions upon $millions with their political connections.
Small operators, like the guy who fixes up and rents his outbuilding, gets fucked every time – the renters destroy the property, or don’t pay, or whatever – and the law’s on the side of the maggot.”
…all I can say is that was absolutely, 100% accurate way back in 19 dikety 2, because I saw it in operation first-hand, both from the perspective of a renter and from my perch on a firetruck when I found out how many of those carelessly burned properties filled with garbage and stank and people in drugged-out fugues and explosions from problems with the drug production on the kitchen stove and sometimes in the toilet actually did NOT belong to the person who was dwelling in them, and I got an eyeful of these when things went sideways in them as a result…and because of the folks that tended to get these “subsidies”, things tended to go sideways in the a LOT.
And, while my experience from both these perspectives is extremely dated, do you think things have gotten BETTER or WORSE since then? With 3+ decades of liberalism and removing responsibility from people, 30 odd years of ladling out other people’s money for virtue signaling and votes, almost two score years of teaching people to blame Whitey, Republicans, Corporations, Christians, Global Warming, Global Cooling, Vast Right-Wing Conspiracies, basically everything and everyone but themselves for their predicament, do YOU think it’s gotten any better?
Go to a city. ANY city. Look at the housing stock and the apartments. Look at the activity around them, the cars parked before them, the state of the building and the neighborhood. Then look at the statistics for income and poverty in that city, (with regard for the statistical skew in the gentrified areas they kicked the poor people out of so they could build million-dollar condos with river views for neckbeards in), and you will see that it has not.
Whether its rent, health care, college scholarship, investment accounts, or anything else, when Government gets into it, it completely destroys the normal market function. Government spends other people’s money as stupidly as possible and for reasons other than ones that can actually make things better, and is a million pound elephant wherever and whenever it does so.
Government ruins EVERYTHING.
Just like it is INTENDED to do…
The more subsidized housing that goes up the higher market rents go.
If you accept Section 8 you can tell them the rent is $2500 when it should only be $1000. The govt pays the difference.
The companies that build and run the welfare buildings are generally “non profit”.
On top of that add out of staters paying almost double the real value for homes and everything is unaffordable.
In our are where the avg household income is $50 thousand a studio or one bdrm starts at $1500 – $1900.
It will all crash soon.
One would think she has a lease agreement/contract. That contract would transfer with property ownership. She should have the term of the lease until her rent is raised. To ignore a lease agreement is not legal.
Then she should GTFO. And I wish her success in finding a new home.
If a lease contract can be ignored, post property transfer, there will be a lot of property swapping, to gain increased rental income.
^^^ “Slumlords like Valerie Jarrett”
valerie jarrett is an iranian anchor baby
No worries, your trailer park not going up as bad, cause only republicans live there.
A “market dislocation’ is a circumstance where financial markets, operating under stressful conditions, cease to price assets correctly either on an absolute, relative or intrinsic basis.
Any and all “progressives” are by definition dedicated causing to market dislocations. Lex/Rex or Rex/Lex? The question is would you rather have the economy respond to fixed guidelines that are based on a Constitution or would you rather be at the whim of ever changing, capricious and arbitrary dictates decided by individuals who consider themselves masterminds? Either the Law is above the king or the king is above the law.
Anonymous FEBRUARY 22, 2022 AT 1:20 PM
“No worries, your trailer park not going up as bad, cause only republicans live there.”
I call bullshit on that “Trailer Park” comment on a couple of levels.
A few years back, my wife had a death in the family that resulted in her inheriting a trailer, but not the land under it. It was in a place we liked to vacation and had good mountain views so we kept it and started to maintain it, but it was definitely NOT a “republican” trailer park because, even though it was right next to a county jail, this didn’t disincentiveize the denizens from decidedly unRepublican behavior like wife beating, shooting each other over “disrespect”, cooking drugs (“Meth” is big down there”), selling drugs, letting urchins run wild, all the usual falderal of a trailer park or really ANY Multi-family housing unit that you would expect from people not really invested in their homes or interested in productive behavior.
In short, not very Republican.
As to the rent not going up, we kept it going for awhile despite the fact we weren’t there all that much and people started taking things on the outside (on one memorable occasion, someone actually stole the flowers we had PLANTED in front of it, by which I mean DUG THEM UP AND STOLE ROOTS AND ALL), but then the local landlord who had run the place forever at reasonable rates got bought out by some jackasses from California, who put an asshole manager in charge of the place, cut things like mowing and trash services, ignored any and every security issue, and started jacking rents (monthly only, NO lease agreement anywhere in the place) WAY up until it just didn’t make sense to keep it any more, so we sold them the trailer and considered ourselves well shut of it.
This was about 5 or 6 years ago, so things haven’t changed much since then.
Other than, entropically, getting WORSE.
…so don’t think trailer parks will be spared. Not as long as anuses from California and other such liberal places have money to buy the land out from under them…
I’ll be homeless by this time next year in Texas…even-though I make $80k a year! Rent where I live in central Texas has increased 23%! Corporate Greed is killing America… Texas made being homeless illegal, You can’t tax homeless like you can a home owner or renter!
SNS, it was a joke, a simple joke. Reality, nothing is safe, there are no guarantees in life. Example, why is gas going up because of Russia. Russia is not a gasoline supplier, ah but GREEDY Arab countries are! Arab countries HATE America, because they hate freedom. Make fun of electric vehicles, gas producing assholes will love you.
Landlords took a big hit when people didn’t have to pay their rents or mortgage. Residents couldn’t be kicked out. So what do people expect landlords to do? Collect their money one way or another. If I were a landlord, that’s exactly what I would do.
I made lots of money with rentals but wouldn’t go near them today. I had one Victorian in 5 Points in Denver, the black part of town, that I always had problems with. I tried to screen potential tenants but lying is second nature to most blacks. Now a days there’s some great tools to eliminate the problems but in the 80s & 90s, not so much.
A couple of the beauts-one lady had a washing machine hooked up in the upstairs unit’s bathroom. Natch it leaked and caused the downstairs living room ceiling to come crashing down. She was gone when I got over there after the tenant called me.
I was over there every week to tend to the yard and I’m mowing the back and realize the red brick shed I had back there was gone. It’s right out the back door, so I said the guy, ahhh where’s the shed? Geez he says, beats me.
Bernie Saunders February 22, 2022 at 11:28 am
My houses aren’t for rent.
————–
And Joe Rogan who is a big supporter of Bernie Sanders agrees with that statement.
@ Anonymous FEBRUARY 22, 2022 AT 1:55 PM
I usually choose to ignore your attempted trolling, but in this case I will make an exception.
Let me point out to you that the progressive movement’s motivation for frustrating domestic energy exploration and production is largely designed to increase the cost of imported oil and by extension provide their allies, who also hate America and what it stands for, as much as so called progressives do with funding for their terrorist operations.
What does the progressive movement and its allies hate most about America? The progressive movement and its allies hate what America stands for because what American stands for is the best chance innocent people around the world have of escaping suffering, misery and death under the systems they live under.
I totally get your landlord stories, from a different perspective.
One time, my fire company was called out at 2 AM or so for a collapsed garage with entrapment that proved to be one of those pole structures they have in some multi-family dwelling parking lots to give a modicum of protection to some of the cars and the people getting in/out of them from the weather, not a super substantial structure, basically galvanized pipe legs holding up a galvanized thin metal roof, but it does weigh a bunch of pounds when you knock it down, and also crumpled beautifully around whatever it lands on.
The knock down impetus was provided by the entrappee, who had backed their U-Haul into the corner of the structure in the dark, bringing it down over them when it toppled in the direction of its late lamented leg, blocking the leeward side door while the cars he had got REAL close to blocked the windward side, not harming her but definitely imprisoning her in the vehicle.
That was unfortunate from their point of view as they were destined to get a more formal sort of imprisonment when freed, because it seems they were moving out in the dark of night because of issues with rent and damage they had done to their unit and fixtures they had stolen from their unit, as not everything in the U-Haul was actually theirs for them to, uh, “haul”. So, instead of increasing her profits from her long-term rent nonpayments, her poor backing skillz cost her her freedom, at least temporarily the custody of her urchins (always a scrabble of THOSE), whatever the rental people thought they could get out of her when they saw the state of the unit, and a bunch of VERY angry former neighbors their means of transportation, because it was a parking structure and it wrecked FAR more vehicles than just the unfortunately leased U-Haul in question.
There was some question about one or more male participants in the “move”, I can’t tell you how that shook out because that part wasn’t in my wheelhouse, but in any case such had evidently not been in the vehicle at the time and had quite skeedaddled if they ever existed by the time the first LEO hit the scene.
MUDs were always quite exciting around Section 8 denizens, but we had one complex that, in obedience to a requirement at the time that they HAD to make a certain number of units available for such, decided the best way to manage it was to have them all in the same building in the complex.
Wanna guess where we spent most of our time there?
…electrical fires, stove fires, drug cooking explosions, hazardous waste disposal when the smell got too much from the cooking chemicals even if they DIDN’T explode, mattress fires regularly in the common hallway that were set apparently out of boredom, fires in the stairwells from pot smokers careless with their roaches, not a battery in a smoke detector to be found in the entire building, and medical emergencies out the wazoo from fights, drugs, the aforementioned fires and explosions and chemicals, people who had been dopped on the head by PR-24s when they got toffee nosed with LEO (PR-24s were still legit then, and should be NOW), this and more, the fun never stopped, and I can’t imagine what the landlord had to pay to clean all these messes up ’cause they SURE weren’t going to get it out of the semi-permanent residents or the hundreds of people who may or may not actually live their but always surrounded it like the concentric rings in Dante’s hell, but with more body odor and spliff scent, and also more ability to cause trouble too.
My very first actual, occupied structure fire was a four-family unit where the folks in the lower right apartment (and a pretty large one too) decided to tell the kids to vamoose and have some sexy time. I’m not super sure what all “sexy time” entailed, but to judge from the chaotic scene I walked up on to bust my burn room cherry, it involved female toplessness and a WHOOOOLE lot of candles.
The latter were the real reason I and my crew were invited to the festivities, apparently there were some linens that were too close to the dozens or hundreds of candles when things got metaphorically hot, made things ACTUALLY hot instead, and boyfriend and girlfriend ran out in various states of undress so they could dick around with the fire for 20 minutes with a garden hose before someone, probably the upstairs neighbor who was concerned about the smoke and heat and yelling from below, had to surrender to the reality that this was going to be on the nightly news and called us.
Despite the delay we managed to keep the burn to the apartment and the roof that it spread to up to via void spaces, but that landlord was looking at one burnt-out unit below, a heavily smoke-and-water damaged unit above, and two units made uninhabitable by smoke damage on the other side. Must have been worth it to fix, though, because fix it he did, it still stands to this day.
(The topless lady made one more appearance in this drama, when she apparently forgot her children had been dispatched to neighbors and decided they were inside instead, prompting her to suddenly shout “MY BABIES”, throw off her concealing rescue blanket, and pelt pell-mell for her burning residence with her considerable assets flopping in the lurid firelight, which was arrested only by a quick thinking and very embarresed later firefighter who grabbed her from behind as she went by, which meant his tackle brought his hands to her conspicuous chest, which probably saved her from serious harm but wasn’t any less mortifying because of it, but that part wasn’t really the landlord’s problem).
I saw a ton more tenant misbehavior to buttress your experiences, but this is already way too much, but DOES illustrate why I turned down opportunities to be a landlord myself later in life, but that’s a different story for another day…
I had a discussion about this very same subject with a homeless man in the foyer of my church last Sunday (the Sunday School lesson wasn’t particularly stimulating and my back needed a walk). He purported to be just a guy on hard times who was living at the nearby homeless men’s shelter.
Anyway, he was upset that he had to live with mostly useless degenerates because the rents here have skyrocketed — mainly because of Californians. He was blaming greedy homeowners for the pricing bubble. I explained to him that unless the homeowner was planning on moving to a much cheaper residence or moving to a cheaper market (good luck finding one), they weren’t going to profit from selling. They would be hard pressed to break even and were likely to have to pay tens of thousands above any equity to purchase another residence. I explained to him that the current speculation bubble was being driven by corporate purchases and that individual buyers were having to bid against deep pockets.
I carefully explained to him about the Great Reset and its goal of eliminating private ownership of anything and that they were accomplishing it by having taken control of corporations, institutions and governments throughout the world.
I also burst his bubble regarding his dream of living in a tiny home in an idyllic utopian tiny home development. Property is too expensive in this market to be building tiny homes on it. What are being built are cheaply built, but not cheap, townhomes and apartment buildings — everywhere.
Tiny homes have always been a bait and switch by progressives who want to get us used to the idea of living small, but what they intend for us are suffocatingly cramped dormitories, sharing bathrooms, kitchens and common rooms.
There is one being built right now between downtown and the university in Salt Lake City. It has been heralded as the solution to high rent. Now people can live in a dorm room for the same price they have been paying for a two bedroom apartment. Progressive’s progress.
(The end game is to force we-the-people to clamor for rent control on steroids. Single-payer property management, where our betters tell us where we live… along with what we learn; what, where and when we work; if, when and where we can travel or vacation; who and when we marry; how many children we can have (if any); if we can raise our children; who we can vote for (assuming they care to continue the charade of democracy); what we can say; how, what/who, where and when we may worship; if we are valuable enough to receive medical treatment; etc.)
Anyway, I gave him some things to think about and research. I hope he isn’t sucked into the cesspool of “homelessness”.
@JDHasty, don’t agree with the statement that progressives are “totally” responsible for stopping oil exploration & funding terrorist operations.
One of the most asinine statements I ever heard. End of discussion.
Hey, young hottness checking in. Anybody know what the meme at the beginning of this article is about? “I’ve got bills and they’re multiplying”
The fudge man?
Fingers in ears: “La La La La La La La La La La La La La La La La La La La La “
This political “genius” figured out, “Rent is too damn high” years ago. Remember?
He got it right evem though he was clueless progressives/Democrats in his state were the cause.
Maybe he’s seen the light now, since it’s obvious pResident Pudding Pop has caused insane inflation. As a result, the leader of the “Rent Is Too Damn High Party” might have become a conservative;
https://youtu.be/kcsNbQRU5TI .
Sir Burr, get hip, man! No need for a “greased hand”, this info is free.
https://youtu.be/itRFjzQICJU .
Grease? GREASE!?!?!
:crushes cigarette out in glass ashtray:
“I feel soiled, like, on the inside.”
^^^Imagine how I felt when I had to face the fact I not only recognized the meme reference, I also know most of the lyrics to that song, (Top 40 fan from back in the day). Now – pass the Pepto-bismol.
But it’s good for me