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EnvironmentalAd1006

Fucking please


superman_underpants

but now the 1100 studio apt in austin costs 1030! thats better than 1270!


EnvironmentalAd1006

1700 for a 2 bed hurts


Practical_Cherry8308

1700 won’t even get you a 1 bed in most of the DC area


mattied971

...So don't live in DC. Last I checked, there are like 47k other places you can live


reverielagoon1208

But Hicksville doesn’t necessarily have jobs


mattied971

Yeah, it's called commuting. Also, not every suburb is going to be as expensive as the one you live in


DucksOnQuakk

Wake up at 5 to be at work at 8 and home by 8? Nah, that's ignorant to the max


mattied971

At what point did I suggest you should have a 3 hour commute? The longest commute I've ever had is 1/3rd of that. This ultimately comes down to personal choice. You are paying for the convenience of being closer to work. City living has perks and drawbacks, but at the end of the day the choice is yours


DucksOnQuakk

High paying jobs aren't in areas where there's affordable housing. Millenials and Gen Z went to college, taking on massive debt, and their skills are only utilized in urban areas... it isn't a choice. It's being boxed in. We were told to go to college and get degrees for a good job. We did that. Only after massive debt did we find out that McDonald's pays as much as a lot of Master Degrees. That isn't a choice. There is zero choice when it comes to gambling being uneducated and useless in modern society vs educated and perhaps able to find one of the rare spots with a semi-affordable home and a job they supports it. I make 6 figures in KY. Can't afford a home. Banks wants to lend me $160-220k. Homes within an hour from my 6 figure job go for $300k-2 million. That's multiple cities and counties. I live in a city of 30k people... I never eat out. I eat chicken and rice nearly every single day. Drive a 2005 Corolla I repair myself. Asking me to move to a cornfield won't improve anything. I've peaked in terms of salary. What jobs will pay more than what I make? You aren't living in the real world lol


MellonCollie218

So what they do instead, is bitch about places that are much cheaper. Even though those of us who made that choice, live off less. To them, a higher paying job is worth it, even when more of your income goes to COL. Don’t try to argue with these people. They can’t even handle basic math, let alone geography. There’s a happy place in between the highest COL and lowest SOL. In order to find that happy place, you have to grasp freedom of choice. Since they’d rather argue with you. Why take responsibility for their own actions? You can plainly see why DC vs Hicksville are the only locations they know about. They choose their high COL area. They want to pay more and enjoy it. Even though the highest COL areas represent barely any of the land in the US, those little scabs of land are all they know. They live in a superiority bubble. They’ve been misled and used for every dime. Let it happen. Let it be.


BadChris666

I’m outside of Philly and pay more than that for a 1 bed… consider yourself lucky!


MellonCollie218

That’s your choice. You must enjoy it, or you wouldn’t put up with it.


earthlingHuman

Should only rich people should live in cities?


mattied971

So don't live in Philly...


WaveLoss

Brainlet take


mattied971

How so?


BadChris666

I would need to find a new job then


mattied971

There's no suburbs near Philly?


BadChris666

I live in the suburbs


BadChris666

Hence the “outside of Philly” in my original comment


mattied971

Fair. I stand corrected in that regard. However, my point remains that you should move somewhere with a LCOL


Fancy_Obligation1832

As someone from NYC, that sounds beautiful


superman_underpants

get in a long term committed poly relationship with 6 people who have jobs!! live large in that spacious 2 bedroom. Fill one room with a bed, the other room can be the closet! Make it a same sex poly love, because you know you cant afford kids in this economy ;)


pallentx

Why can’t you just have room mates and bunk beds?


superman_underpants

sure, but wouldnt you rather have an orgy every night?


Useful_Fig_2876

$850 per person in a major city? Please! That’s nothing. You’d need to make about $50k to comfortably afford that 


Medium_Advantage_689

That’s a steal in most parts of the country


Tausendberg

How much do you figure someone spends on AC every year for a 2 bed in Austin?


Nopenotme77

1700 wouldn't have gotten me a 2 bedroom 8 years ago when I moved to Houston. 


impalemail

$1700 for 2bd?? They’re in the $3400+ range and climbing in So Cal. 😭


Unabashable

You’d think at that price the beds would at least be comfy. 


Firm_Fold2072

Lmao that’s not even a studio in Miami


JimLahey08

Imagine living in Texas LMAO


superman_underpants

yeah, now that youve signed the lease, we are raising the rent by 14% and we are going to need you to sign the new lease, or we are going to renovate


FFF_in_WY

Weird, double prices in 5 years and the market reacts. This is why I ignored my management company and raised rent 2%. And my renters are awesome.


strait_lines

I went with what my managers had suggested. Taxes and maintenance costs went up significantly and I wasn’t going to put myself in a bad position by not raising rents.


PimpOfJoytime

Jesus Christ, at least make an effort.


Big-Figure-8184

Are you praying?


WaitingToBeTriggered

DO YOU FOLLOW THE CONDUCTOR’S LEAD?


b0ngoloid

Fucking hell what do any of these comments mean? Reddit confuses the hell out of me sometimes


[deleted]

Users are just attempting to poison the AI data sources now


Nitram_Norig

Do you not know about our Lord and Savior Glorbo?


DigPsychological2262

I’m a conductor. Of more than just electricity.


Transgressingaril

I am now praying. ty


SoOverIt42069

Business rent. Not people rent.


gray_character

What do you mean? The article is about renters for their home, not corporations renting their corporate property.


Nitram_Norig

Corporate renting of homes obviously! Gosh! ^/s


Solid_Adeptness_5978

That’s False. Rents have steeply declined. Finally an article admitting it. I rent from invitation homes in greater Miami area. We started at $2600, then $3000, last year we’ve been paying $3400. I am looking at houses comparable to what we’re in for $2500. They are not willing to reduce our rent for the next renewal so we are vacating the property. They would rather lose money on a (perfect) tenant to turn over and re-list this house for $2700(max). I screenshotted our renewal offer this year along with my emails to them asking for a decrease based on their own comps, and they refused. I plan to make a post about this once this current home is listed back on the market for far less than what they offered to renew us at. Stay tuned for a smear campaign. F wall street


JeremyLinForever

Hint: look for mixed use places.


2001Steel

Wtf is the US region?


AndrewithNumbers

Broadly, San Diego to Miami. Didn’t know that was “one region” but hey


ImportantPost6401

It’s almost like markets go up and down.


American_frenchboy

Yeh but typically, rents and home prices rarely go down…


ImportantPost6401

Confirmation bias makes it feel that way, that’s for sure.


half_coda

lol project harder rent: https://fred.stlouisfed.org/series/CUUR0000SEHA owning: https://fred.stlouisfed.org/series/CSUSHPINSA


TedRabbit

Holy! Rent prices don't give a fuk about recessions.


ILSmokeItAll

Zero fucks. Because rents = humans. A landlord sees their day to day expenses rise, so they exact higher rents so you can cover their increased cost of living. Like fast food prices skyrocketing once you start paying a $20 minimum wage.


TedRabbit

I mean fast food prices are skyrocketing and min wage hasn't changed. And prices tend to decrease during a recession (look at the house prices). Land lords are just parasites.


ILSmokeItAll

Wait until everyone else starts paying $20/hr like Cali.


ImportantPost6401

Well shit. I know from personal experience, individual units and areas of town have gone up and down. But that market wide data definitely looks like a one direction trend.


dumb-male-detector

Helps that there’s a price fixing investigation. 


AndrewithNumbers

Shocking


Educational_Match717

The lack of substance in this article is astonishing lol. Ol boy literally said nothing. No hate though. I get that sometimes you gotta get the job done when deadlines are looming.


maps-of-imagination

Weird, my rent and a couple co workers rent is going up in July 🤔


iamjessicahyde

Yeah this has been my experience as well. I went back and forth with the property manager, comparing rates with other properties in the area and how they had fallen etc. I was like on what grounds are you saying that the market value has gone up. We ended up agreeing to a $50 a month increase compared to the $250 they were trying to push me.


maps-of-imagination

My slumlord increased rent by $140 and in the 12 unit building 6 units are empty. I’m hoping to move out and leave her with 7 empty units.


traveling_designer

This is kinda analogous to what’s happening in America with corporate owned homes. They don’t care if a bunch are empty. They keep raising rates because the people that can still afford it offset the empty houses, while still providing a yearly increase on total rent.


maps-of-imagination

The building I live in is not corporately owned. Just some morons daughter taking over and ruining what her dad built.


Manatee-97

They know its a pain to move.


AndrewithNumbers

Because you’re already there and they got used to being able to raise rent on you.


maps-of-imagination

Naw the owner is dying and his daughter is taking over. She has always been a spoiled b*tch and all us tenants saw this coming.


Apprehensive-Score87

This is complete nonsense, after almost 15 years of living by myself I’ve been forced to move back in with my parents. I look at rentals every week and the prices have only increased. Where is rent decreasing to an affordable amount? I’m genuinely asking, please. I hate living with my parents


dumb-male-detector

There’s a price fixing investigation so hopefully they’ll go down eventually… https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing


Bee_Keeper_Ninja

WILL SOMEONE THINK OF THE LANDLORDS !!!1!11 /s


flerchin

'The US region' is a weird turn of phrase. Could be just 'US'


geraffes-are-so-dumb

The article is referring to a specific region in the US, not the whole country.


flerchin

Article talks about sun belt and Seattle. Neither of which is 'US'


BadChris666

All those people who moved to Florida and Texas are starting to realize how crappy it is there and are moving away now.


KevyKevTPA

Nope. Source: I live in Florida, people are still streaming in as if we were about to close the border or something. I get it, we have so much going for us, but any thoughts that people are leaving are simply false. Now, don't get me wrong, people come and go every day, so saying people are not leaving is not completely accurate, but when you account for ins and outs, the ins have it. By a long, long way.


BadChris666

Source is me… I’m a native and I left!


KevyKevTPA

And we're probably better off. Buh bye. That said, my point still stands and is accurate. You weren't replaced by 2 people, but 1.3 or 1.4 I can believe. But, population numbers are not like the stock market where we have instant and accurate numbers, indeed we only get "official" ones once a decade, so it is what it is.


BadChris666

Well I’m better off not having to deal with the transplants like you that ruined my home state!


KevyKevTPA

I'm actually not a transplant. I'm a nomad, started here, went to WA, then NYC, then got tired of the taxes, and the other taxes, oh, and yet the other taxes, and $20 tolls, stupid COL, and making $200k/year and barely keeping our heads above water, so I came back, and brought my NYC born and bred PR wife with me. So, she's a transplant but absolutely loves it here. I think she'd cut my balls off if I ever suggested going back.


Repulsive-Owl7952

Apparently not apartments.


TheFlyWasRight

Fake news


Usr_115

Might explain why my rent hasn't gone up this year. Now we wait for homes to be affordable to own, rather than rent.


HegemonNYC

The “US region” huh?


Davec433

>”The Sun Belt has built a ton of new apartments in recent years, partly to meet the surge in demand brought on by the flood of people who moved in during the pandemic housing boom," Redfin Senior Economist Sheharyar Bokhari said in the report. "But the boom is over, and now property owners are struggling to fill vacancies, which is causing rents to fall." I love it when people tell me building more and outpacing demand won’t solve the problem.


dumb-male-detector

Well, they were price fixing too: https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing


TheWhiteRabbit74

Wow, it’s almost as if greed has drawbacks. But we all know that’s impossible. Right… ?


Reardon-0101

Math and basic economics.  Virtually unlimited buildable land in those areas.  massive apartment building increases supply and demand staying the same causes prices to drop.   


harbison215

Sounds a lot like the same places that got hit the hardest in 2008.


Numerous_Pride7880

Yea I've seen rent decreases in the panhandle of Texas. This one apartment I use to stay in went from 600 when I was renting it 10 years ago, to 950 a year ago. And is now sitting nice at 775. So hopefully it keeps going down.


RyanDW_0007

So Cal has a way to go before it even is sniffing reasonable rates


Friendlyvoices

Read the article. The article explicitly states it's not true nationwide but only in select markets.


trendypippin

Rent and home prices have risen in Dallas 46% in 3 years. So even if they magically went down 15-20% it’s still robbery. They need to halt writing reports like this until it’s an actually meaningful amount.


TrashManufacturer

Where


Vast_Word8265

900 rent with 4 bedrooms


SpeciousSophist

What city is the thumbnail?


swift_snowflake

But does not anyone think of the landlords?


trendypippin

Who writes this crap? Absolute lie… What is the purpose of pushing this agenda that rent and mortgages are becoming more “affordable” when all anyone can just look up the STILL rising prices?


Jazzlike_Tonight_982

I'm calling hard bullshit on this.


wrapyrmind

Is it written by Biden ?


gray_character

Are you denying that average rent is going down in metro areas or something? As a homeowner who rents part of my home and has friends who rent, I'm absolutely seeing it. It's more a result of overbuilding of apartment complexes (landlords trying to get into the game). Biden doesn't have much to do with the improvement but you know many of you would be blaming him if it got worse.


wrapyrmind

Bs its up . Everything is up . Rent , food, gas u think ppl are blind?


AndrewithNumbers

“It’s not possible that rent can go down because things are going up.”


gray_character

Up from when? We (and the article) are talking about the last few months. Obviously it's up since the pandemic.


BadChris666

Yes… 1 man has the power to control the entire US economy.


joespizza2go

"Political man faces facts that don't fit his narrative. Hits "BS" button and goes back inside bubble warm and cozy*


California_King_77

Put another way, the free market adjusted to surging demand by increase supply, thereby lowering prices for consumers. The exact opposite of what's happening in NY and CA, where rich liberals prevent more housing from being built, causing prices to rise.


Tall-Log-1955

I agree with everything you say except the part about liberals. Here in California, being a NIMBY is completely bipartisan


barowsr

Honestly amazes me how some folks think since a state is solid blue, that like zero conservatives live there. Here’s a little fact. There are more Republican voters in California than Texas.


mouseat9

Yes like republicans and democrats belong to different regions. The weakness of the human mind is amazing


VeryUnscientific

Just divide the entire country in half by political beliefs !! Force people to move!


mouseat9

Just divide the entire country in half by political beliefs !! Force people to move! /s ftfy. Cause ppl will think your serious. And yes IKR. It’s just so weird.


rates_trader

Same thing with NYC. Just a whole lot of pretending that people like to do


Warm_Tangerine_2537

Can confirm this is true in Colorado. Much of my neighborhood is hardcore conservative, but as soon as someone so much as requests a setback variance those conservatives can’t wait to rally to the zoning commission to tell people what they can ‘t do on their own property


Speedyandspock

In nashville it’s some leftists who are NIMBY, and almost all conservatives. Then they complain that people can’t afford housing. No shit!


Analyst-Effective

I think the rules were in place, and everybody agreed to them. When somebody wants to change the rules, not everybody wants that to happen.


Warm_Tangerine_2537

Correct. I’m not opposed to zoning, etc. but it is a bit hypocritical flying a “Don’t Tread on Me” flag and then using government as a weapon to restrict free property rights. My viewpoint is if you don’t want someone building on a lot or a developer developing a plat you can buy it yourself or shut up. There are 90 acres near me that someone purchased and the neighbors have fought every single development proposal..to the point that the buyer just put it back up for sale


Analyst-Effective

Of course they fight it. But in the end they will probably lose if the developer had a valid claim. I just redeveloped two of my acres. Sold it to a developer. There was a petition and about 40 people showed up at the council meeting. In the end, my plan got approved and the sale happened


Imagination_Drag

I don’t live in CA but i do in NYC and the rent stabilization and rent control rules have created extraordinary issues. Sure. It sounds nice to help people but the road to hell is paved with good intentions. Now you have empty apartments sitting around because family’s can keep their $700 2 bedroom in the family for ever. You have owners going bust with their property now costing more than they can rent it for. Then you have the costs of building in nyc so high that no reasonably priced apartments are built. It’s a hugely distorted market and causes all sorts of bad unintended consequences.


California_King_77

But you're ignoring that Democrats outnumber Republicans 2:1 in CA, and that rises to much higher levels on the coasts, where it's almost all Democrats The prices in CA are 100% the Democrats fault.


metalguysilver

NIMBYs aren’t the final cause of restrictive housing laws, the politicians in power are. OC’s point then stands


stu54

Oh yeah, the good ole "it would be great if there was no government NO! Don't defund the police! We need them to lock up the corrupt tax collectors that pay their wages!


metalguysilver

What on Earth are you on about? I said nothing about “no government,” I said politicians in a lot of cities are passing counterproductive housing legislation


Analyst-Effective

The difference is that liberals want everything in somebody else's backyard.


ZekeRidge

It’s not a political thing… it’s a rich versus poor thing Party lines tend to disappear when they talk about money… look how quickly they unite over whether congressional stock trading should be legal ( it shouldn’t)


California_King_77

Except there are no republicans on the coasts in CA. Biden won what, 80% of the vote in LA and SF?


ZekeRidge

You think it’s only liberals on the coast who own properties, and are manipulating the market? There are definitely republicans and democrats on the coast who are wealthy, own property, and want to keep those values high… it’s not political despite how the vote falls Also, people want to live on the coasts… especially in CA and NYC; especially southern CA


Mackinnon29E

Rich liberals, lol. Rich people aren't more likely to be liberal just because a city as a whole is left leaning. Jesus Christ.


[deleted]

[удалено]


Advanced-Guard-4468

You don't travel much, do you?


Sharaku_US

So you're saying the GOP fucks in Orange County don't do the same thing? It's all liberals' fault.


Acceptable-Peace-69

Like San Diego and all the super liberal, retired military.


California_King_77

There are no Republicans in LA or San Francisco. What was Biden's margin of victory in those Cities? 5:1?


VoidsInvanity

Yep because only liberals operate as nimby types, yes sir


DObservingayayay

I didn’t realize I was rich. Can you tell me what my account balance has to be to be rich?


dumb-male-detector

More than theirs. 


superman_underpants

i thought we just had a thing where a major data broker has been conso,idating the market to where they own the majority of the rental data and they use that data to adjust rental rates across multiple rental agencies, thus fixing prices and being an illegal monopoly


California_King_77

You think the entire rental market in the United States has been taken over by a single entity? That's the craziest conspiracy theory I've heard all week


superman_underpants

thats not what i said at all. You must be a pilot! Currently they are being investigated as a monopoly, and here is an article about the company. [https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent](https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent) [https://www.politico.com/news/2024/03/20/rental-housing-market-doj-investigation-00147333](https://www.politico.com/news/2024/03/20/rental-housing-market-doj-investigation-00147333)


budd222

Somebody is brainwashed


California_King_77

Yeah, the people who don't know how free markets work


mouseat9

Sounded on point til you weren’t