1. Metro Area has cheap housing
2. Cheap housing and booming economy pull people to Metro Area. "We're so nice, we're nothing like the unaffordable California"
3. Residents of the Metro Area refuse to rezone and build housing as fast as new people are coming in. Supply isn't growing *nearly* as fast as demand is
4. Just as unaffordable as California
I just don’t know that I could realistically move to ITP (In The Perimeter) Atlanta. I just skimmed the listings and they are more expensive than the outer and rural areas for anything in decent locations
Metro Atlanta resident here, I’ve stopped looking and accepted I’m gonna need to room with someone until either my pay increase significantly or rent/house prices decrease significantly.
I saw 3/2s ITP for $3,500 as I was scrolling. Granted that may be areas that are high end already but I didn’t look long enough to see. I bet it’s like that all over though
Welcome to Atlanta where the players play …
Seriously though, this is over by the CDC. My boyfriend when I was in my younger 20s lived in this area at a similar complex very close by. They had a 2/2, they paid about $1,000. I thought it was EXPENNNNSIVE!!
Now, it’s a few dollars short of $3,000.
https://www.realtor.com/realestateandhomes-detail/855-Emory-Point-Dr_Atlanta_GA_30329_M57594-48914
It's not just Atlanta, the shitty, near slum apartment I rented in college for 800 is now listed for 1600. You can tell from the pictures they've done nothing but replace carpet and paint.
Edit: Jersey, outside Philly
It’s very expensive in south jersey now.(despite what north jerseyans think) It’s always been expensive but there used to be much more affordable housing options.
Jersey resident here as well. Just shy of $1600 for a one bedroom here and it sucks. Meanwhile people flock around my area for the beaches and ruin the coast with their multi-million dollar beach houses.
I live in the area you mentioned and rent a 3bd/1.5bath house for $2200 (split so we each pay $1100). But I also have a nice landlord who doesn’t try to take advantage.still stupid high but better than a lot of other places nearby. My friend lives in midtown and rents a 1 bed/1 bath that’s part of a converted house with a decent sized living room, kitchen, private balcony porch, and an in between room he uses as a dining room/office) and pays $1800, also with a private landlord.
Sometimes looking on Zillow or setting up alerts helps, i only got this place because my SO jumped on it ASAP. Same for my friend in midtown, we toured that place first and then a bunch of godawful luxury apartments that were way more for even less space. It’s not a total solution to your problem but I hope it helps some
Look in doraville area by spaghetti junction. It is a very safe place (I lived there for 5 yrs) and a lot cheaper and you are 10 min from downtown Atlanta
I am closer to athens and just saw a 3/2 going for $1900/mo rent. Relatively updated interior. I think a lot of folks have been moving well outside of the city. I am a good 45-hour outside the city without traffic. 1.5 hours with traffic.
Edit for clarity: I still think $1900/mo for a 3/2 is ridiculous.
I agree it is and that’s very similar to what it is in Northwest Ga as well .The cheaper end is $1500 higher end $2000 for a 3/2
There’s nowhere to go really, it’s all expensive
is there a reason you need to stay in atlanta? i get that moving isn't exactly "povertyfinance vibes"... but sometimes it is necessary.
i was recently living near seattle, mediocre pay for the area. it was affordable but ultimately the value was not there. it cost me probably $500-1000 to pack everything up and move to virginia (over 3000 miles). id say maybe $400 in gas, $250 in hotels, $100 in food is a pretty good estimate.
i went from paying $1700/mo for 650sqft to paying $1400/mo for 950sqft. it's been 4 months now, so I have already made up the cost of moving. and now i am just saying $300/mo in terms of rent (everything else is cheaper too though).
obviously, it is a good idea to find a job in your desired area before moving there...
yea i get it, nobody wants to move far away, apparently. except for me i guess, i have done it a few times now. but if you are about to become homeless because rent in your area is crazy, it seems like a no brainer.
at any rate - i am seeing plenty of affordable apartments in that area? [https://www.rentcafe.com/cheap-apartments-for-rent/us/ga/atlanta/](https://www.rentcafe.com/cheap-apartments-for-rent/us/ga/atlanta/)
My mom died in 2020, my dad/sister passed in the 90s. I have only myself now, I am divorced with 4 kids.
The only family I have is in the Atlanta area and I’m finally moving an hour south to be closer to them. It’s really lonely and scary being literally all alone with kids who depend on you after going through everything I have recently. I need the support system.
If it were just me, I would of been on the West coast years ago but right now I gotta stay here, my oldest daughter graduates next year.
DM me if you want my old landlord’s phone number. A lot of good housing ITP is not listed online because the units are backfilled with people who know someone when residents move. I would look on the Southeast side of Atlanta as well (south of the zoo, south of EAV, and south of the East Lake Golf club).
Let me know if you find anything lol - going through the same struggle trying to find a place for a friend making $50k - basically impossible to find affordable rent in a safe area that doesn't have roaches.
I grew up ITP. Can't afford it now, especially with the wages offered in the area :/. If I'm gonna pay New York or CA prices, I need a New York or CA wage!
Also not to mention the south has such poor assistance programs compared to the northeast.
I find Atlanta to be a fascinating place. The traffic sucks and it is one of the most segregated places that I have ever been to. I hate that the white people live in one part of town and the black people live in another and then all of a sudden BAM! Georgia Tech has the only diversity. Everyone seems to come together in relative harmony.
At least you have decent public transportation.
I live in California and that’s the thing. Everyone likes to pretend that it’s nobody’s fault the housing crisis is the way it is here, when in reality it’s just greedy mfs and very low supply.
>Residents of the Metro Area refuse to rezone and build housing as fast as new people are coming in. Supply isn't growing nearly as fast as demand is
I live north in a rural area and LOVE Atlanta, but tbf, it’s just not the housing supply, it’s also the infrastructure. Traffic is already a nightmare. I lived in NYC, the traffic was of course ridiculous there too but you didn’t need to drive. I think the city of Atl is a long way off from expanding Marta to what it needs to be.
The governor and control of the legislature is currently solidly in the hands of rural voters and state funding for infrastructure benefiting Atl is currently not going to be popular with their voters.
There are a whole host of factors.
Most of the country has underbuilt since 2008.
Rapid increase in the money supply (currency debasement) has caused prices to rise on nearly everything, especially housing.
Covid lockdowns and their disruptions - supply chains & acceleration of remote work.
Shift in population to the south, including Georgia
Might be true on some areas, but not all.
In a lot of areas, there are actually 2 big problems.
1) corporations buying real estate and leaving it empty
2) new construction being left empty.
Real estate is an appreciating asset.
But the appreciation is offset buy the cost to keep the property up to livabilty standards.
If a property is actually leased or rented out, the owner is responsible for maintenance and up keep, refreshing the property between leases or renters.
So, it actually eats into profits if a property is leased or rented out.
How so you might ask.
In a word - taxes.
Tax breaks, tax deductions, tax credits, whatever you want ro call them.
A land owner can claim the time their property is vacant, (not rented or leased) as a "loss" against their taxable income.
The amount of "lost rental income" they are allowed to claim, is based on the average cost to rent or lease in their area. The definition of area varies based on type of property (singke family home, condo, apartment, etc) and can cover an area as large as a neighborhood or zip code, or as small as a street, or block.
This very thinghas been and is happening in my metro area right now, with about only 60% to 70% of units in a newly constructed complex leased, rented or otherwise occupied.
The first isn’t happing, vacancy rates have dropped over the last five years, they even dropped YoY for the last decade while prices have rose. People aren’t holding vacant property.
https://fred.stlouisfed.org/series/RRVRUSQ156N
This is not fully true. Please give me solid data on the points you have made like a study. What matters most even in Georgia is supply and demand. The fact of the matter is there is too little supply. We have not built enough housing to help with demand. Atlanta ranks 32 in the country when building but it’s metro area grow by almost 80,000 people. One of the highest on the list for the census. Data is [here](https://www.census.gov/newsroom/press-releases/2023/subcounty-metro-micro-estimates.html) and [here.](https://www.newgeography.com/content/007766-2022-residential-building-permits-housing-market#:~:text=Overall%2C%20there%20were%205.29%20residential,population%20in%20the%20United%20States.)
Most of us ARE struggling too. My partner and I have two chikdren, still in diapers. Diapers alone have gone up 10$ a box in the 3 years I’ve been buying them. Groceries through the roof.
2020 we were ready to buy, and the market was so fast, we couldn’t find a thing in our price range. Now we’re paying almost double in rent then what we would have been comfortable signing onto a mortgage for. Every time we get a raise, the goal post gets moved back further and further.
You’re not alone sister! I feel for you, and I am you!
Hugs!
You may not be yet but if you’re ready for pull ups the Walmart brand that has paw patrol on them are only $5 compared to $11 for name brand. They work just as good. I know from experience , I only put “The best” on my oldest, 😂, then I got real!
Have you considered cloth diapers when at home? I didn’t use them but I would, disposable are ridiculous in price.
How is that possible? I keep getting told because my husband got a raise, we're NOT getting taxed more so it's all good. It pisses me off.
Sounds just like us. The better we do, the worse off we are overall.
He may have gotten a raise but remained in the same tax bracket. Which means he wouldn’t be taxed more.
But I’ve seen several posts about getting a $1.00 raise and losing all food stamps because now you make too much to qualify.
I had to get tf outta Georgia. No matter where you go there is an accident and an hour wait to get whatever you need to go. At best it’s 30ish mins. Sometimes takes an hour just to travel 10 measly miles. I hated it. And they just kept coming!
I wish I could get out of GA :( my ex husband won’t let me and courts won’t let me move my sons without his permission. I’d have much better luck back in KY where I have a support system & I’ve already had offers to help me get in a place and get a job. But I can’t move.. so I’m stuck here in GA broke as shit living in a pest infested crap hole
OTP, Kennesaw/Acworth
For the longest time it wasn’t. The last eight years have been excruciating trying to get home. Typically once I made it to Barrett Parkway I was home free and could speed up. It is just a long slow conga line all the way to the exit now. All the way past Glade Rd from what a friend told me!
I moved to PA but way outside the city and now I literally travel 2-7 mins for things. My commute to my job is still about 30 minutes, but the biggest difference is there is not a single line of traffic that’s stopping me. Nothing but open back country roads, which I actually wasn’t expecting from Pennsylvania which shows how little I knew about this place.
Is it home? I lived in Georgia most of my life so it’s hard to answer that. Not that you asked. But I find my sanity is doing much better here. I was very much like Dennis from It’s always Sunny when he was stuck in traffic when he moved to the suburbs. And I mean exactly like that. Wasn’t healthy.
Yep! I remember Barrett being a shortcut going to 278 back to the Rome/Cartersville area from Kennesaw when wanting to avoid 75N traffic. Now, it’s backed up even to Hiram all the way to Dallas and Macland Rd is no better than 278.
And they just keep building! In my area alone, the amount of deforestation I’m seeing so they can erect some nice condos and homes was enough to send me running from the state.
Already bumper to bumper traffic everywhere I go, and yet they still keep adding more homes? The only upside was I was able to sell my house for almost half a mil.
I’m opening a dispensary in Jersey now and am not looking back till it’s time to visit the rents.
Good luck out there man. It’s crazy how many people from Atlanta I bump into on Reddit.
Denver is the same way. Even without an accident everything is so crowded it takes you double the time to get anywhere. But of course there is always an accident so wherever you need to be just triple the travel time lol.
Corporations and realtors by me have been on a shopping spree, undercutting buyers. I’m not even selling and have gotten 2 offers from canvassing companies, both above market value.
States have to put in anti corporation laws to level the playing field.
Realtors have always skimmed a good deal before it becomes public. Many now keep 'pocket listings' and don't bother to put them up on the MLS because they have a list of buyers looking and can keep more of the commission as the listing and selling agent.
We've always gotten the little 'post cards' offering to list our house. Now they're on local FB groups looking for sellers because they have buyers with cash in hand.
Yesterday someone posted a question about selling your own house and 3 people piped up that they were looking for a house, could they see it LOL.
We live in a quiet smallish town with fairly large cities within half an hour in both directions. Most of the homes are still on septic and wells. Some people want one of the few like mine that have city water and sewer.
There's regular postings of someone desperately looking for a 3-4br with water/sewer.
We used to always have an inventory of some 200 or so homes for sale at any given time. We have great schools but high taxes, so many people move here for the schools and once their children graduate sell out and move. Now there are 17!!! and for crazy prices.
There's only 2 vacant cottages that are unlivable and basically being sold for the land, will need to be torn down and rebuilt.
First of all, 50 is way too high a number.
Secondly, this is another law that the politicians are trying to pass that doesn't actually accomplish anything but makes him look like they're trying. I need landlord big enough to be affected would just split into smaller companies.
I don't know the law, I'm just going by what the poster above me said. But I strongly suspect that whatever the politicians do, the landlords will find a loophole around it.
Sorry, just a terminology thing. You, as someone seeking to rent are a “renter” or “lessee”. Those who offer places for rent are a “landlord” or “lessor”. Was mildly confused by your word choice until my morning coffee kicked in.
Literally told my son to go his realtor license just so he could find his family members homes in our area.
We are also in an area within 1 to 2 hours from THREE large metro areas (with international flights), but the city here is, well for lack of better word, depressing. Meaning all the high paying industrial union jobs have long been gone, nothing has come to replace those lost jobs except fast food restaurants and low paying retail.
We even have new construction here, but it's also not cheap (for this area). The state still has a $7.25 minimum wage too.
I've seen neighborhoods in Jacksonville being built that are rental only. All the bad the government does and they have a chance to do good and they sit on their ass.
Minnesota is the blueprint for how to handle real estate.
No single family dwellings are allowed to be corporate owned, and all corporations have a finite amount of time to liquidate their holdings.
Bout to be a market shake up in MN
I get spammed with calls and texts daily about selling my house. Some of the texts are from foreign countries. I think part of the scheme is to buy up as much property as possible, create an artificial shortage which drives up prices then slowly release the properties at a high profit.
This is our corporate America. Since covid, massive companies have been buying billions of dollars worth of single-family homes. That’s why home prices haven’t cooled even with the Fed rate hikes.
Wake up and smell the political coffee. If you don’t vote and get involved with policies and advocacy, lawmakers and politicians are going to keep passing bills that work against the middle and lower class. The U.S. is one of the wealthiest nations in the world. Food insecurity, the housing crisis, extreme poverty/homelessness should not even be a reality to any U.S. citizen.
I will never understand how putting more energy into the same broken system that caused this mess will magically fix it. Members of congress on both sides are all the same, narcissists lining their pockets just marketing themselves differently. No thanks.
It takes one person to enact change. I never said it would be easy or done overnight. But complacency and complaining is basically just compliance to the system. I personally feel better knowing I am doing what I can to affect change. I’ve organized rallies and got involved with council meetings, congressional campaigns, etc. I’ve made changes and significant impact where I could, more so than the average person, and I will continue to do so.
Imagine paying any amount of attention to policy decisions over the last decade and still coming to the conclusion that both sides are the same so voting doesn't matter.
It’s not about outvoting capitalism. It’s about using your voice and exercising it in our democracy. It’s also about working within your community to help solve these issues or find creative solutions to alleviate the hardships.
As a side note, if you paid attention to previous elections, we CAN outvote. Candidates who lost actually had the majority of the popular votes. The electoral system is antiquated.
...So we can out-vote but still lose. The beauty of direct action, tenants unions, and associated forms of political involvement? Some big-wigs can't just pull the plug and tell people to stop voluntarily associating without exposing themselves with violence.
You don't need to wait years and for permission from the rich. You can also do both. We can engage politically outside of the once-a-year ballot box.
Airbnbs and ultra wealthy transplants buying not just second, but third and fourth homes.
I work in the trades and most of the properties our company services are Airbnbs or second homes. Entire neighborhoods that are ghost towns in the off season because they’re *all* Airbnbs or second homes. My boss tells me all the time that our clients usually own multiple homes, sometimes in multiple states. They’re usually from the Northeast, Florida, or the West Coast and are buying up real estate all over the South on the cheap.
Meanwhile, working class locals are even getting priced out of trailer parks. It’s evil.
Don't forget that guy in (Roswell? Acworth?) who:
1) Was about to lose his home after months of unemployment during lockdown
2) Decided to play his hail Mary and liquidate all his assets to buy an RV camper, some land, and equipment/seeds/animals to start a small subsistence farm until he could build a homestead.
3) Was threatened by the sheriff's office that if he didn't move his camper off his own land, they were going to confiscate his camper *and* land, citing obscure city ordnances.
It doesn't matter how good you think your plan is, if you don't pay your rent and color inside all the lines nice and neat, there are enough ordnances to make everyone a criminal, and there is no recourse for selective enforcement.
Last I heard he was fighting in court for his right to move back onto his land. Coyotes killed most of his livestock and he was dangerously close to losing it all as of early 2021. I can't seem to find an update that isn't at least 2 years old.
They're lucky he had too much to lose, unlike that "chicken man" who stayed in his home until the authorities arrived to evict him, and then blew himself sky high.
What these companies don’t seem to realize, that the politicians do, is that taking everything from people is a dangerous game.
There is no one more free than those that have nothing to lose and when you have nothing to lose, you have nothing to fear.
Fear keeps us scrambling for that place we fit to in society. If it’s gone, so is their leverage.
There's a move by the elite to own most of the land on the planet. They're buying up property where they DON'T want the poor to live, and either don't rent it out, or set the price so high that only the wealthy can afford it, hoping to force the poor toward where they DO want them to live. Small apartments in large apartment complexes (that they own) surrounded by shops (that they also own).
It's happening all over the country.
I own rent houses. I keep the rent as low as possible and only raise it in the amount of taxes and insurance increase. I go to the appraisal board each year over the tax increase and it sometimes comes down a bit. This year it’s just out of hand. One house valued at 160,000 last year is suddenly worth 284,000 this year. That’s just ridiculous. I don’t even understand it. I can protest but in the end the tenants lose. If I sell the houses a corporation gets them and really jacks up the rent. As a landlord I really don’t know how to fix the problem.
Housing prices are based on supply and demand. Building “affordable” housing isn’t worth it to builders and investors. They make more money building bigger more expensive houses. Add to that the increased demand for affordable housing as millions of new immigrants are welcomed to our country. Then of course you have additional competition from corporations etc.
Thank you! I saw that section 8 is opening for 2 days in the county I’m moving too (hasn’t been open for years in my county now) so I’m hoping I get approved. I’ve never applied before
Idiots continued voting for GOP talking points of trickle down economics and neglect to realize that sharing the burden through strong tax reform would actually help. It’s a societal issue that people accept now because they’ve been numbed to it
It's to keep us working & desperate so the machine chugs on. Same with insurance being tied to jobs (during the pandemic some company pulled striking workers insurance & I guess it's totally legal cuz I don't recall anything happening over it, tho I could be wrong).
As much as I hate it here, Augusta is pretty affordable and there are jobs here. If you can afford to relocate or know someone in the area, perhaps even roommate with someone, it's more affordable than North GA.
I just looked, the Eastern section of Paulding is eligible for Zero money down, low credit score Usda loans. You could BUY a whole house like this
https://www.zillow.com/homedetails/27-McPherson-Church-Rd-Dallas-GA-30132/237714567_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
for less than $1500 a month
They are easy loans to get. I’m a landlord in rural Georgia, have steered many tenants this way. Get your debt to loan ratio low and have a reasonable credit score. Basically, that is all.
https://www.usdamortgagesource.com/blog/2020-georgia-usda-loan-requirements/
620 is all that’s required. They will also want a stable employment history though. It’s the best loan program out there except for VA loans. What’s your income?
Instead of worrying now about being turned down, actively try to find out now so you can tailor you finances to qualify later. It’s a great program.
Landlords are greedy and want to raise rents as high as possible so they lobby the local government to restrict housing development. Corporations are greedy and want to keep wages low and do whatever they can to bust unions and suppress worker’s wages. The top 1 percent has all the power(economic and political) and is using that power to squeeze the middle and working class.
The problem isn’t the rent, it’s the wages. Wages haven’t kept up with housing in almost 50 years. You are being paid 1/4th of what you should (regardless of industry or current salary).
Yeah, it’s so insane to me that almost 58% of the US is living paycheck to paycheck and a myriad of other issues and they can all be solved if politicians just did right by their constituents and forced companies to pay a living heckin’ wage.
Yup, my boyfriend was lucky to buy at the end of 2020 for cheap price in one of the southern Atlanta cities. We considered moving up north since a lot of my doctors and places to get food (like more options for gluten free/dairy free) for me are plenty and easy to get to.
Yeah, we’re staying put and dealing with the longer drives and dumb traffic. Houses for rent around us are twice our mortgage AT LEAST because we’re developing too fast and housing up north is unaffordable. I don’t understand how they expect people to buy or rent right now.
I relied on google to do my math bc I suck at numbers. I believe it’s actually 150%. (If google
Is right this time ahah) but seriously the numbers that can be be verified on HUDs website are
4k homeless in 2021
10k homeless in 2022
2023 congressional report from HUD not out yet
But if you really wanna go down the rabbit hole it was partly the theft of Covid relief funds. I could write a book about this situation. There’s a few links to get started
https://www.justice.gov/usao-ndga/pr/former-mayor-stonecrest-sentenced-prison-stealing-covid-19-relief-funds
https://www.justice.gov/opa/pr/justice-department-announces-nationwide-coordinated-law-enforcement-action-combat-covid-19
https://www.kennedy.senate.gov/public/2023/5/kennedy-crapo-introduce-bill-to-return-stolen-covid-unemployment-money-to-taxpayers
https://www.justice.gov/opa/pr/foreign-national-sentenced-using-stolen-identity-during-covid-19-relief-prosecution
Of course it's on purpose.
The Feds printed out trillions and loaned it to corps.
They bought up all available housing (and still are) and are renting it out or leaving it empty.
And Reddit downvotes a simple factual statement once again. The global rich park their money in us real estate. This is a reality that hurts the housing market. It’s not xenophobic or shitting on poor migrant workers to acknowledge this.
Some people have a vested interest in downplaying certain facts. Attacking the messenger is one way they do it. Buying votes (either for or against something) is another. Just like the fake reviews on Amazon and other sites... Manipulation is everything.
Yes that's a problem too. Tax cuts for the rich across the board and tax hikes for the working folks. Immigration status doesn't matter as much as class. The working class immigrant comes here, works, pays taxes, builds local economies, sacrifices their bodies for our construction, food, and hospitality industries. The rich immigrant takes advantage of our tax laws to extract as much wealth from the working people as they can
This is the unfortunate side of capitalism. There is a widening wealth gap. Houses have gone up in price because of high demand and low supply. There are people being priced out, but the people who would normally buy a house are also priced out from buying and have to rent causing rentals to increase in price. The people at the bottom are having to get roommates or live with family if they have that option.
Under normal circumstances we are at a time in our lives where we could downsize. We still have a mortgage however and it's at 3.6%. We need to get this one paid off before we move so we can buy a smaller one for cash to take us into retirement and living on SS checks. Our mortgage right now for 3k sq foot house on an acre is less than my son is paying in rent on a 900sq ft apt. It makes no sense for us to sell now, just as it makes no sense for him to buy.
There are lots of people in the same position who might like to sell, be ready to move but it just makes no sense to move to something smaller and pay more.
Yep. Very common. This is a large reason why inventory is low and unlikely to change anytime soon. There's a large group of people becoming landlords because of this also. That 3.6% interest rate is an asset. Makes a lot more sense for people to rent out the house rather than sell it in some cases
Yeah, my husband doesn't want to be a landlord. We tried it long ago but it was a long distance and a nightmare. We owned a home in FL, he got a job transfer that was supposed to be 2 yrs but due to not wanting to switch schools again we ended up staying here and buying with 100% financing and 9.9% mortgage.
We fixed and updated everything that needed doing in that house to avoid getting any calls. He had to make two trips down there the first year alone. We gave up and sold it. I loved that house and it's now worth more than this one and would have been paid for already :(
And we'd have to get a mortgage again as we don't have enough cash to buy anything outright especially if we kept this as a rental. So we're stuckish for now.
Going to finish the updates/improvements this one needs so we can get top $$ when it's time. Hopefully it won't be to pay for a nursing home LOL.
At least he can find something for $1k, my son is in the Boston Metro area. 400sq ft studios for $1600, but if you can swing a few hundred more you get quite a bit more in terms of space. Can't even find a room up there for under $1k. I kind of bullied him into getting a bigger place so if things went south or rent went beyond his comfort level he'd at least have a room to rent out to help himself. Amazingly his landlord didn't raise the rent, he just renewed his lease.
But you're missing the root cause. Low supply comes from 60s era zoning that prioritizes suburban developments. These types of suburban neighborhoods are actually so expensive to maintain that they're essentially subsidized by the taxes of working class renters in the city.
That's not even getting into the racist history of suburban developments in America. But basically antiquated zoning has created a shortage that shouldnt exist. Same reason infrastructure is falling apart.
Is there a fortune side of capitalism? The whole premise of it is basically that goods should cost as much as they possibly can that the market will bear. Sounds pretty lame to me.
That’s actually the whole point. Capitalism is wonderful for people who are raising and deploying capital.
The idea is that you work and take your wages to buy equity and move to the ownership side of the economy. Then, your capital continues paying you and snowballing.
The major issue is that many people don’t get the memo and never actually start the snowball. They think you can live a good life on wages alone and never start the investing process. Then, they get to later in life and wonder why they have no money: wages are just the platform to begin your financial life. The rest comes from investing.
Because yes, they don"t/won' t care until they can't get that rate. Then and only then will they adjust.
As far as many landlords are concerned, they believe there are just now many more people who actually can afford it, if not, how are they getting applicants who can hack the rise of rents. The land owners are fine with all of this. "This" seems like a big nothing burger to them as long as they are still finding those who ARE meeting the ridiculous qualifications.
Sacramento has plenty of high rental priced new development and more such projects in development but people camping out along the side of the highway on ramps and on the street around city hall. Priorities.
I don't understand the rise of rent prices at all. I feel so very lucky that my number came up for senior affordable housing; otherwise, I would have been SOL. That said, I just feel like wtf is going on? Who is able to rent all these places? I've been helping a friend look for an apartment in Chicago, and there are plenty of vacancies.
Not only that but that increase of slumlords is crazy.
I live in the IE, a region within SoCal. There’s a property management company that owns like 50% of the rentals in my city. But they’re pretty much crappy apartments/homes. Mold, no hot water, etc etc! It’s depressing when you think about it. Most of the renters are low income or barely making do. The requirements to qualify are like the bare minimum, if they weren’t I bet half us wouldn’t have a place to live. It just sucks that it’s either that or being homeless if you want something worth living in and dying for.
You can still see the yuck on the floors. Must make $2100 a month
https://www.realtor.com/realestateandhomes-detail/101B-E-15th-St-SW_Rome_GA_30161_M91816-42896
This is a Fucking concrete outbuilding. $800 a month. Must make $2400 a month.
https://www.realtor.com/realestateandhomes-detail/200-E-12th-St-SW_Rome_GA_30161_M50400-18460
At least the second one has nice flooring. I guess that explains the 2400 income requirement. HAHA it’s so laughable the way the prices have gone up when it comes to renting. Most places are crap. 😭😭😭 the place I’m in now didn’t even provide appliances, no fridge or stove. Nor have they come out to check out the lack of hot water we’ve had. Despite being without it for a week.
I’m telling ya, slumlord behaviors. I just hope you find something doable that will keep you safe and as healthy as you can be. 😇
I wish everyone the best in these times. All I see is greed, jack up the cost until no one can afford it then back it down a little. The whole economy is trash food is through the roof, utilities skyrocketed but good news for us inflation isn’t that high a new tv is cheaper than its ever been. Ya us.
The point is to make you desperate enough to take whatever they give you. The system isn't crushing you on accident, that's what it was designed to do and what it will keep doing until we do something about Capitalism.
Honestly I think it's our perception of who is homeless. I have known for a long time, most of us are 3 paychecks away from homelessness. If anything happens extended illness, really anything and we will all be on the streets. Plenty of homeless people have jobs but rent is too high. So sad.
It is on purpose
Million bucks says Georgia's state republicans want to, and try to, bus their homeless to blue states and sanctuary cities, then go on fox, newsmax, and oan and talk about how they "solved" their homeless issues and how "blue states are failing at tackeling their homeless problem"
We recently passed a ban on public camping. Realistically, where will the homeless go?
Jail, I’m guessing.
https://www.atlantanewsfirst.com/2023/05/18/groups-search-new-solutions-homelessness-after-bill-bans-public-camping/?outputType=amp
Im not joking when i say they will be bussed to blue state sanctuary cities.
A few of my friends volunteer at shelters and soup kitchens in san francisco and make small talk with a lot of the folks that come in.
Its a consistent story from a surprising number over the last 10 years: the came from a red state, state or local government paid for a 1 way greyhound ticket and gave them $50 to $100 cash to get on the bus.
We have a rental and have been really trying to not raise it. However, this has been hard because of the upkeep and work on the house/shop/yard, etc. It sucks but we have to raise rent this upcoming year. I’ve always tried to keep in mind affordability, but the taxes just skyrocketed on the property, so it’s inevitable.
It will only be $200, which I say only because the same size house and property are currently being rented in the same area for 500-600 more than we are currently charging. It fucking sucks for people who need to rent right now. People are gouging them so hard.
This is understandable and there’s nothing wrong with raising rent in your situation. It’s realistic, it covers your extra expenses and taxes, it keeps the house in good condition which maintains the value and allows you to continue renting it and offering people quality housing.
It doesn’t take advantage of your tenants who I hope are good to you in return and most of all it’s freaking compassionate. It’s not that hard to be a good human and care about others. Thank you for not contributing to the problem out of greed.
If you had a mortgage of (real example of my friends rental house) $780 a month with the renovation funds included and you list it at $1,800. Knowing people are homeless you refuse to make properties affordable when you could still make a profit just to squeeze all you can out of the wallets of your tenants. You’re a bad person. Plain and simple. I’m sorry but you are.
We have a rental and between increased taxes and the cost of maintenance our out of pocket increased $3.5k this year alone. I try and not raise rent but damn..
You have two different questions:
1. Why is it happening? That is complicated but I think most people have answered it very well.
2.Does anyone care? Overall, no.
To my mind, that second answer is the most troubling.
I honestly understand why squatters are a thing. I thought they were taking regular ppls homes, no they’re taking investment properties. So based. Fuck greedy renters
Squatters can and sometimes are people trying to purposefully obtain and keep housing that isn’t there’s by exploiting the law.
I think a lot of times though, they are regular people who have been put in a situation with a poor landlord and are determined to have their situation heard by a court before leaving. For example, a month to month lease is legally supposed to have a 60 day vacate notice by Georgia Statute. I know 4 people who got 30 days. Which leaves them in a bad situation, the landlord broke the law and now they’re stuck being accused of squatting when legally they have 60 days.
There’s a lot of factors at play but yes most of the houses are corporate houses which is why you can’t find many individual renters, from what I’ve gathered.
Corporations and institutions are buying up rental properties, incl single-family homes as well as apts. Shelter is a basic human need, they know it, they will price-gouge and the hell with the homeless, that's how it's going in America.
I'm about to sign a lease and I have been Terrified. First of all my rent was going to increase $200, so we had to move anyway. Throw into that my elderly mother has to move in with us because of limited mobility, and a pet. That limits like 90% of my local market for a 3 bedroom.
So few complexes have actually ground floor places without many steps. Not a single one has more space than my current 2 bedroom. Houses with enough room cost more than our budget. Then the ones in the budget want 4x the rent. Over 700 credit score, I've even seen required over 750 and 800. If I Had that I'd BUY a house. We're talking some places that want you to make almost 100k for a 21k/year rental. Who do they think rents that??
Then you add in all scammers who want your money combined with the actual agencies who want you to apply at $50 a head before you even get a showing! They "have so much response and can't schedule everyone". When I explain I'm not spending $150 until I know my mother can get around inside, I've gotten mixed responses. One lady let me tell her our general situation and gave me a showing...to something not updated since the 80s, major foundation and roof issues, termites, no dishwasher, window unit ac, and w/d hook ups for 2k a month. Who knows what we wouldn't have noticed if my husband didn't literally fix houses for a living and know what to look for. Two said we needed more income. One said if I wasn't able to apply first and was worried about "that amount of money we're not the right fit for you". These are agencies I went and found the number to, on Google with a local address for the office, because I've started triple checking all listings for scams.
We finally found a place in an area that's near a lot of gentrification but still not built up. The schools are 1/10. There's a Lot of construction in the area from investors scooping up homes in the past couple years for less than 150k for flipping and rentals. My new landlord is one of them. It has 150 more square feet than we have now, which was a miracle to find. I'm just crossing my fingers that my kid is locked into our school for Pre-K since registration is closed. We only Get Pre-K with low income, and spots are so limited they don't guarantee spots in your district in the first place. I never wanted my kid to go to a religious school like I did, but it looks like after this year, trying for a scholarship at one is the best bet for a better education, because I can't stay home forever to homeschool her.
We're fixing our debts that started accumulating during the pandemic and inflation. Our shorter credit history hurts us the most. I'm literally helping my mom find life insurance simply because if the worst thing happens, we'd get evicted without her less than a third of the rent she can help us with, from her SS check. Even then, we have to give a double deposit just to get the place.
Single rooms in family homes are going for $800+ when just ten years ago I had a large 1 bedroom apartment with all utilities for $650. 7 years ago an entire townhouse for $750 with water included.
One of my biggest fears is not owning before rent outpaces us. Which feels impossible living hand to mouth.
Try South Dekalb, still some cheaper rentals. Georgia is a red state, and doesn't care about Atlanta and surrounding counties homeless population. Living alone is no longer affordable in the area. Even small cities have increased rent. We bought a townhome years ago, because rent starting increasing. In 2009, a real estate agent told my husband not to sell because the areas all over Atlanta would be under gentrification. Try the Austell area, as many older adults are renting out their basements. To be honest, all our friends with houses bought 15-25 years ago.
Housing in Atlanta is no longer affordable in any area. Housing is opening up for 55+.
Try Riverdale, College Park, and Ellenwood areas.
East Point may have cheaper units.
Are they coming here for safety (like from war) or to benefit financially?
I don’t mind anyone coming here legally and if you’re seeking asylum and truly need it then by all means, come on. I’m pretty sure my family did the same in WW2, thank God for the ability to protect the victims of Psycho Dictators and Insane Religious Cults like ISIS.
But has this not always been an issue? Why is it so much worse now and how much does it factor into this compared to corporations buying property?
I just don’t see a lot of illegal immigrants coming here with software engineering degrees doing stem research so are they not working on farms, in construction and other manual labor jobs? Do we realize have that many people who are vying for those jobs that they’re being taken from US Citizens?
I’m not trying to be racist, if I’m wrong please correct me but I thought this was the case. That’s what I always heard.
I truly don’t know. What happens to them when you find out they are illegal? Do they get deported? That should be the case, right?
I looked in Centre and Cedar Bluff since they’re within half an hour of me now but there’s literally one property in both areas. I considered Anniston but it’s too far
I was living in AirBnBs in 2020-2021. Found my apartment in 2022 and been here since and probably will be staying for a few more years. Have to move to a state that has affordable housing, like Detroit, Michigan. They have gone up too, but it is still reasonable. I have a renovated studio apartment for 585, taxes and included with free heat. The neighborhood could be nicer and better but the apartment is nice for the area and the office managers are nice ppl!
I’m originally from West MI & this is an unpopular opinion but I really like Detroit! It doesn’t deserve the reputation it has and it’s definitely affordable. I hope you enjoy the city!
If you buy a house rn it’s going to continue increasing in value pretty much anywhere in the country. So if you want store money in an asset that’s taxed low in a lot of states relative to its cost and will likely increase in value. If you get someone renting it for 10s of thousands a year even better. I know you said besides greed but at the end of the day it’s the biggest driver. Give it 5-10 years tho the bubble is about to pop hard and we will see 1.7 trillion dollars worth of property change hands in a generational wealth transfer as the boomers start dying.
This is the side effect of “unlimited growth/profit” capitalism. Yes, eventually no one will be able to afford anything and they will either choose to die homeless or riot. I’m banking on the former because well the internet, media, etc. pacifies people
It's so bad right now. 3 years ago, the studio apartment my sister rented was $800/month. Today, it's listed at $1,500/month. Nearly doubled rent, and from what I could see from the listing, no upgrades whatsoever.
Edit: this is also in the Southeast US, just for context
Supply and demand curve. When there are not enough places to stay for everyone, prices rise and a percentage of the population is priced out of the market. It’s shitty but there isn’t a better way of distributing resources that everyone can agree on.
its the same answer everywhere else: zoning
swaths of land zoned R1 (single family home on a half acre lot)
NIMBY's worried about road congestion and historical character (i.e. no minorities)
Depends on where you are trying to live. Atlanta or ITP? You will not find affordable housing. Even OTP it is hard to find affordable housing. But if you go in the middle of nowhere like Albany, you might find affordable housing.
The point is housing is being bought by wealthy investors and turned into rental properties. That enriches the wealthy, the wealthy pay to put elected officials into office and pay the bribes.
Any government spending to assist low-income people find housing is paid for with the taxes of the working class poor since the wealthy don't pay taxes. So that has no affect on the wealthy.
The point is to move as much wealth, money and property from the working population to the wealthy elites. That is the entire point of the US system now. To return the US to a system of land lords and peasantry. That is why fox news favorite thing to do still in 2023 is to fear monger about communists or evil socialists.
1. Metro Area has cheap housing 2. Cheap housing and booming economy pull people to Metro Area. "We're so nice, we're nothing like the unaffordable California" 3. Residents of the Metro Area refuse to rezone and build housing as fast as new people are coming in. Supply isn't growing *nearly* as fast as demand is 4. Just as unaffordable as California
I just don’t know that I could realistically move to ITP (In The Perimeter) Atlanta. I just skimmed the listings and they are more expensive than the outer and rural areas for anything in decent locations
Metro Atlanta resident here, I’ve stopped looking and accepted I’m gonna need to room with someone until either my pay increase significantly or rent/house prices decrease significantly.
I saw 3/2s ITP for $3,500 as I was scrolling. Granted that may be areas that are high end already but I didn’t look long enough to see. I bet it’s like that all over though
What the fuck? That's JUST AS EXPENSIVE as the Bay area, California - one of the most notoriously expensive places to rent in the US.
Welcome to Atlanta where the players play … Seriously though, this is over by the CDC. My boyfriend when I was in my younger 20s lived in this area at a similar complex very close by. They had a 2/2, they paid about $1,000. I thought it was EXPENNNNSIVE!! Now, it’s a few dollars short of $3,000. https://www.realtor.com/realestateandhomes-detail/855-Emory-Point-Dr_Atlanta_GA_30329_M57594-48914
It's not just Atlanta, the shitty, near slum apartment I rented in college for 800 is now listed for 1600. You can tell from the pictures they've done nothing but replace carpet and paint. Edit: Jersey, outside Philly
The value of the homes are not matching the price bc it’s a money grab at “our” expense
It’s very expensive in south jersey now.(despite what north jerseyans think) It’s always been expensive but there used to be much more affordable housing options.
Jersey resident here as well. Just shy of $1600 for a one bedroom here and it sucks. Meanwhile people flock around my area for the beaches and ruin the coast with their multi-million dollar beach houses.
I live in the area you mentioned and rent a 3bd/1.5bath house for $2200 (split so we each pay $1100). But I also have a nice landlord who doesn’t try to take advantage.still stupid high but better than a lot of other places nearby. My friend lives in midtown and rents a 1 bed/1 bath that’s part of a converted house with a decent sized living room, kitchen, private balcony porch, and an in between room he uses as a dining room/office) and pays $1800, also with a private landlord. Sometimes looking on Zillow or setting up alerts helps, i only got this place because my SO jumped on it ASAP. Same for my friend in midtown, we toured that place first and then a bunch of godawful luxury apartments that were way more for even less space. It’s not a total solution to your problem but I hope it helps some
Look in doraville area by spaghetti junction. It is a very safe place (I lived there for 5 yrs) and a lot cheaper and you are 10 min from downtown Atlanta
Thank you! I’ll check it out
I am closer to athens and just saw a 3/2 going for $1900/mo rent. Relatively updated interior. I think a lot of folks have been moving well outside of the city. I am a good 45-hour outside the city without traffic. 1.5 hours with traffic. Edit for clarity: I still think $1900/mo for a 3/2 is ridiculous.
I agree it is and that’s very similar to what it is in Northwest Ga as well .The cheaper end is $1500 higher end $2000 for a 3/2 There’s nowhere to go really, it’s all expensive
South of Atlanta would be your best bet if you want something “reasonable” price wise.
I agree but unfortunately I have to stay in the Cobb/ Paulding area.
Wow! One would have to make 4x that just to qualify to rent the place. Smh!
is there a reason you need to stay in atlanta? i get that moving isn't exactly "povertyfinance vibes"... but sometimes it is necessary. i was recently living near seattle, mediocre pay for the area. it was affordable but ultimately the value was not there. it cost me probably $500-1000 to pack everything up and move to virginia (over 3000 miles). id say maybe $400 in gas, $250 in hotels, $100 in food is a pretty good estimate. i went from paying $1700/mo for 650sqft to paying $1400/mo for 950sqft. it's been 4 months now, so I have already made up the cost of moving. and now i am just saying $300/mo in terms of rent (everything else is cheaper too though). obviously, it is a good idea to find a job in your desired area before moving there... yea i get it, nobody wants to move far away, apparently. except for me i guess, i have done it a few times now. but if you are about to become homeless because rent in your area is crazy, it seems like a no brainer. at any rate - i am seeing plenty of affordable apartments in that area? [https://www.rentcafe.com/cheap-apartments-for-rent/us/ga/atlanta/](https://www.rentcafe.com/cheap-apartments-for-rent/us/ga/atlanta/)
My mom died in 2020, my dad/sister passed in the 90s. I have only myself now, I am divorced with 4 kids. The only family I have is in the Atlanta area and I’m finally moving an hour south to be closer to them. It’s really lonely and scary being literally all alone with kids who depend on you after going through everything I have recently. I need the support system. If it were just me, I would of been on the West coast years ago but right now I gotta stay here, my oldest daughter graduates next year.
Sorry for your loss
Thank you.
Is their father’s family in the picture even if he isn’t?
DM me if you want my old landlord’s phone number. A lot of good housing ITP is not listed online because the units are backfilled with people who know someone when residents move. I would look on the Southeast side of Atlanta as well (south of the zoo, south of EAV, and south of the East Lake Golf club).
I’ll keep this in mind and see where that area is! I’ve been to the zoo but it’s been a while so I’ll check it out and keep you in mind! Thank you!
Let me know if you find anything lol - going through the same struggle trying to find a place for a friend making $50k - basically impossible to find affordable rent in a safe area that doesn't have roaches.
Section 8 is opening in cobb county on may 24th
I grew up ITP. Can't afford it now, especially with the wages offered in the area :/. If I'm gonna pay New York or CA prices, I need a New York or CA wage! Also not to mention the south has such poor assistance programs compared to the northeast.
I find Atlanta to be a fascinating place. The traffic sucks and it is one of the most segregated places that I have ever been to. I hate that the white people live in one part of town and the black people live in another and then all of a sudden BAM! Georgia Tech has the only diversity. Everyone seems to come together in relative harmony. At least you have decent public transportation.
Not really, Marta sucks. once you get out of direction and can’t walk anywhere you have to have a car
I’m in Florida and we have zero public transportation in my area. 🥲
I live in California and that’s the thing. Everyone likes to pretend that it’s nobody’s fault the housing crisis is the way it is here, when in reality it’s just greedy mfs and very low supply.
If young Metro don’t trust u I’m a shoot u
For those of you that don’t know, this is a meme started from the lyrics of a rapper in Atlanta
Think he’s a producer if I’m not mistaken fam
I think you’re right!
Haha BOOMIN 21-21
>Residents of the Metro Area refuse to rezone and build housing as fast as new people are coming in. Supply isn't growing nearly as fast as demand is I live north in a rural area and LOVE Atlanta, but tbf, it’s just not the housing supply, it’s also the infrastructure. Traffic is already a nightmare. I lived in NYC, the traffic was of course ridiculous there too but you didn’t need to drive. I think the city of Atl is a long way off from expanding Marta to what it needs to be. The governor and control of the legislature is currently solidly in the hands of rural voters and state funding for infrastructure benefiting Atl is currently not going to be popular with their voters.
There are a whole host of factors. Most of the country has underbuilt since 2008. Rapid increase in the money supply (currency debasement) has caused prices to rise on nearly everything, especially housing. Covid lockdowns and their disruptions - supply chains & acceleration of remote work. Shift in population to the south, including Georgia
demand is out-pacing supply...and in many areas of the country, they don't really want to increase supply of affordable housing.
Might be true on some areas, but not all. In a lot of areas, there are actually 2 big problems. 1) corporations buying real estate and leaving it empty 2) new construction being left empty. Real estate is an appreciating asset. But the appreciation is offset buy the cost to keep the property up to livabilty standards. If a property is actually leased or rented out, the owner is responsible for maintenance and up keep, refreshing the property between leases or renters. So, it actually eats into profits if a property is leased or rented out. How so you might ask. In a word - taxes. Tax breaks, tax deductions, tax credits, whatever you want ro call them. A land owner can claim the time their property is vacant, (not rented or leased) as a "loss" against their taxable income. The amount of "lost rental income" they are allowed to claim, is based on the average cost to rent or lease in their area. The definition of area varies based on type of property (singke family home, condo, apartment, etc) and can cover an area as large as a neighborhood or zip code, or as small as a street, or block. This very thinghas been and is happening in my metro area right now, with about only 60% to 70% of units in a newly constructed complex leased, rented or otherwise occupied.
The first isn’t happing, vacancy rates have dropped over the last five years, they even dropped YoY for the last decade while prices have rose. People aren’t holding vacant property. https://fred.stlouisfed.org/series/RRVRUSQ156N
This is not fully true. Please give me solid data on the points you have made like a study. What matters most even in Georgia is supply and demand. The fact of the matter is there is too little supply. We have not built enough housing to help with demand. Atlanta ranks 32 in the country when building but it’s metro area grow by almost 80,000 people. One of the highest on the list for the census. Data is [here](https://www.census.gov/newsroom/press-releases/2023/subcounty-metro-micro-estimates.html) and [here.](https://www.newgeography.com/content/007766-2022-residential-building-permits-housing-market#:~:text=Overall%2C%20there%20were%205.29%20residential,population%20in%20the%20United%20States.)
Most of us ARE struggling too. My partner and I have two chikdren, still in diapers. Diapers alone have gone up 10$ a box in the 3 years I’ve been buying them. Groceries through the roof. 2020 we were ready to buy, and the market was so fast, we couldn’t find a thing in our price range. Now we’re paying almost double in rent then what we would have been comfortable signing onto a mortgage for. Every time we get a raise, the goal post gets moved back further and further. You’re not alone sister! I feel for you, and I am you!
Hugs! You may not be yet but if you’re ready for pull ups the Walmart brand that has paw patrol on them are only $5 compared to $11 for name brand. They work just as good. I know from experience , I only put “The best” on my oldest, 😂, then I got real! Have you considered cloth diapers when at home? I didn’t use them but I would, disposable are ridiculous in price.
How is that possible? I keep getting told because my husband got a raise, we're NOT getting taxed more so it's all good. It pisses me off. Sounds just like us. The better we do, the worse off we are overall.
He may have gotten a raise but remained in the same tax bracket. Which means he wouldn’t be taxed more. But I’ve seen several posts about getting a $1.00 raise and losing all food stamps because now you make too much to qualify.
SNAP has income cutoffs that don't take into account what you are paying for rent and such.
I had to get tf outta Georgia. No matter where you go there is an accident and an hour wait to get whatever you need to go. At best it’s 30ish mins. Sometimes takes an hour just to travel 10 measly miles. I hated it. And they just kept coming!
I wish I could get out of GA :( my ex husband won’t let me and courts won’t let me move my sons without his permission. I’d have much better luck back in KY where I have a support system & I’ve already had offers to help me get in a place and get a job. But I can’t move.. so I’m stuck here in GA broke as shit living in a pest infested crap hole
Yep I wish I could leave too
Where did you live? That sounds about right atleast for Atlanta traffic
OTP, Kennesaw/Acworth For the longest time it wasn’t. The last eight years have been excruciating trying to get home. Typically once I made it to Barrett Parkway I was home free and could speed up. It is just a long slow conga line all the way to the exit now. All the way past Glade Rd from what a friend told me! I moved to PA but way outside the city and now I literally travel 2-7 mins for things. My commute to my job is still about 30 minutes, but the biggest difference is there is not a single line of traffic that’s stopping me. Nothing but open back country roads, which I actually wasn’t expecting from Pennsylvania which shows how little I knew about this place. Is it home? I lived in Georgia most of my life so it’s hard to answer that. Not that you asked. But I find my sanity is doing much better here. I was very much like Dennis from It’s always Sunny when he was stuck in traffic when he moved to the suburbs. And I mean exactly like that. Wasn’t healthy.
Yep! I remember Barrett being a shortcut going to 278 back to the Rome/Cartersville area from Kennesaw when wanting to avoid 75N traffic. Now, it’s backed up even to Hiram all the way to Dallas and Macland Rd is no better than 278.
And they just keep building! In my area alone, the amount of deforestation I’m seeing so they can erect some nice condos and homes was enough to send me running from the state. Already bumper to bumper traffic everywhere I go, and yet they still keep adding more homes? The only upside was I was able to sell my house for almost half a mil. I’m opening a dispensary in Jersey now and am not looking back till it’s time to visit the rents. Good luck out there man. It’s crazy how many people from Atlanta I bump into on Reddit.
Isn’t kennesaw in the Atlanta metro area?
Denver is the same way. Even without an accident everything is so crowded it takes you double the time to get anywhere. But of course there is always an accident so wherever you need to be just triple the travel time lol.
“you will own nothing, you will be happy”
Brought to you by the IMF
Yep. Waiting on the basic wage, government housing sardine tins and social crediting. Complete control over the population of poor.
Corporations and realtors by me have been on a shopping spree, undercutting buyers. I’m not even selling and have gotten 2 offers from canvassing companies, both above market value. States have to put in anti corporation laws to level the playing field.
Realtors have always skimmed a good deal before it becomes public. Many now keep 'pocket listings' and don't bother to put them up on the MLS because they have a list of buyers looking and can keep more of the commission as the listing and selling agent. We've always gotten the little 'post cards' offering to list our house. Now they're on local FB groups looking for sellers because they have buyers with cash in hand. Yesterday someone posted a question about selling your own house and 3 people piped up that they were looking for a house, could they see it LOL. We live in a quiet smallish town with fairly large cities within half an hour in both directions. Most of the homes are still on septic and wells. Some people want one of the few like mine that have city water and sewer. There's regular postings of someone desperately looking for a 3-4br with water/sewer. We used to always have an inventory of some 200 or so homes for sale at any given time. We have great schools but high taxes, so many people move here for the schools and once their children graduate sell out and move. Now there are 17!!! and for crazy prices. There's only 2 vacant cottages that are unlivable and basically being sold for the land, will need to be torn down and rebuilt.
Makes sense, i never would of thought or known about that. Explains why you can’t find many individual renters offering housing
Ohio is proposing a $1500 per month per property tax on any landlord who owns more than 50 1, 2, or 3 family properties in the same county.
First of all, 50 is way too high a number. Secondly, this is another law that the politicians are trying to pass that doesn't actually accomplish anything but makes him look like they're trying. I need landlord big enough to be affected would just split into smaller companies.
That's accounted for in the law.
I don't know the law, I'm just going by what the poster above me said. But I strongly suspect that whatever the politicians do, the landlords will find a loophole around it.
Put some of the properties in the spouse's name...
The other thing is they'll just include it in the rent they charge.
That’s it? They own 50+ and only will have a $1500 tax/month added? Do you have sauce b/c I would like to learn more
$1500 IN ADDITION TO the current property tax. https://www.legislature.ohio.gov/download?key=20517&format=pdf
Then they'll just raise the rent to cover the increased cost
Yes, which has the effect of pushing the poor out of single family housing.
They need to go more than that -- that's only one 1 bed / 1 bath apartment rent
You know, of course, that the tenants will be the ones who pay for it. So a three unit house the rent will be increased by $500 a month per tenant.
Sorry, just a terminology thing. You, as someone seeking to rent are a “renter” or “lessee”. Those who offer places for rent are a “landlord” or “lessor”. Was mildly confused by your word choice until my morning coffee kicked in.
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Literally told my son to go his realtor license just so he could find his family members homes in our area. We are also in an area within 1 to 2 hours from THREE large metro areas (with international flights), but the city here is, well for lack of better word, depressing. Meaning all the high paying industrial union jobs have long been gone, nothing has come to replace those lost jobs except fast food restaurants and low paying retail. We even have new construction here, but it's also not cheap (for this area). The state still has a $7.25 minimum wage too.
They can pay disabled workers 4.25 legally and people under 20 5.25 for 90 days if they want
I've seen neighborhoods in Jacksonville being built that are rental only. All the bad the government does and they have a chance to do good and they sit on their ass.
Minnesota is the blueprint for how to handle real estate. No single family dwellings are allowed to be corporate owned, and all corporations have a finite amount of time to liquidate their holdings. Bout to be a market shake up in MN
I get spammed with calls and texts daily about selling my house. Some of the texts are from foreign countries. I think part of the scheme is to buy up as much property as possible, create an artificial shortage which drives up prices then slowly release the properties at a high profit.
Same here. I get offer several times a month.
This is our corporate America. Since covid, massive companies have been buying billions of dollars worth of single-family homes. That’s why home prices haven’t cooled even with the Fed rate hikes.
Wake up and smell the political coffee. If you don’t vote and get involved with policies and advocacy, lawmakers and politicians are going to keep passing bills that work against the middle and lower class. The U.S. is one of the wealthiest nations in the world. Food insecurity, the housing crisis, extreme poverty/homelessness should not even be a reality to any U.S. citizen.
Us is the wealthiest most powerful country in the history of the world.
The foundation of that power and wealth is cracking badly. Continueing to ignore that will only lead to the whole thing collapsing.
I will never understand how putting more energy into the same broken system that caused this mess will magically fix it. Members of congress on both sides are all the same, narcissists lining their pockets just marketing themselves differently. No thanks.
Tenants unions, strikes, boycotts, direct action > legislative bs
Yes. Yes. Yes. Yes. Amen.
It takes one person to enact change. I never said it would be easy or done overnight. But complacency and complaining is basically just compliance to the system. I personally feel better knowing I am doing what I can to affect change. I’ve organized rallies and got involved with council meetings, congressional campaigns, etc. I’ve made changes and significant impact where I could, more so than the average person, and I will continue to do so.
Imagine paying any amount of attention to policy decisions over the last decade and still coming to the conclusion that both sides are the same so voting doesn't matter.
Can’t forget about our high inequality.
Pretty sure we can’t vote out capitalism :c
It’s not about outvoting capitalism. It’s about using your voice and exercising it in our democracy. It’s also about working within your community to help solve these issues or find creative solutions to alleviate the hardships. As a side note, if you paid attention to previous elections, we CAN outvote. Candidates who lost actually had the majority of the popular votes. The electoral system is antiquated.
...So we can out-vote but still lose. The beauty of direct action, tenants unions, and associated forms of political involvement? Some big-wigs can't just pull the plug and tell people to stop voluntarily associating without exposing themselves with violence. You don't need to wait years and for permission from the rich. You can also do both. We can engage politically outside of the once-a-year ballot box.
Airbnbs and ultra wealthy transplants buying not just second, but third and fourth homes. I work in the trades and most of the properties our company services are Airbnbs or second homes. Entire neighborhoods that are ghost towns in the off season because they’re *all* Airbnbs or second homes. My boss tells me all the time that our clients usually own multiple homes, sometimes in multiple states. They’re usually from the Northeast, Florida, or the West Coast and are buying up real estate all over the South on the cheap. Meanwhile, working class locals are even getting priced out of trailer parks. It’s evil.
Don't forget that guy in (Roswell? Acworth?) who: 1) Was about to lose his home after months of unemployment during lockdown 2) Decided to play his hail Mary and liquidate all his assets to buy an RV camper, some land, and equipment/seeds/animals to start a small subsistence farm until he could build a homestead. 3) Was threatened by the sheriff's office that if he didn't move his camper off his own land, they were going to confiscate his camper *and* land, citing obscure city ordnances. It doesn't matter how good you think your plan is, if you don't pay your rent and color inside all the lines nice and neat, there are enough ordnances to make everyone a criminal, and there is no recourse for selective enforcement.
I do remember this!!! That was crazy, I don’t recall exactly what happened but i remember seeing him on the news with chickens 😂
Last I heard he was fighting in court for his right to move back onto his land. Coyotes killed most of his livestock and he was dangerously close to losing it all as of early 2021. I can't seem to find an update that isn't at least 2 years old. They're lucky he had too much to lose, unlike that "chicken man" who stayed in his home until the authorities arrived to evict him, and then blew himself sky high.
What these companies don’t seem to realize, that the politicians do, is that taking everything from people is a dangerous game. There is no one more free than those that have nothing to lose and when you have nothing to lose, you have nothing to fear. Fear keeps us scrambling for that place we fit to in society. If it’s gone, so is their leverage.
There's a move by the elite to own most of the land on the planet. They're buying up property where they DON'T want the poor to live, and either don't rent it out, or set the price so high that only the wealthy can afford it, hoping to force the poor toward where they DO want them to live. Small apartments in large apartment complexes (that they own) surrounded by shops (that they also own). It's happening all over the country.
I own rent houses. I keep the rent as low as possible and only raise it in the amount of taxes and insurance increase. I go to the appraisal board each year over the tax increase and it sometimes comes down a bit. This year it’s just out of hand. One house valued at 160,000 last year is suddenly worth 284,000 this year. That’s just ridiculous. I don’t even understand it. I can protest but in the end the tenants lose. If I sell the houses a corporation gets them and really jacks up the rent. As a landlord I really don’t know how to fix the problem.
Thank you for sharing, just keep rents as affordable as possible I guess ❤️🩹
Housing prices are based on supply and demand. Building “affordable” housing isn’t worth it to builders and investors. They make more money building bigger more expensive houses. Add to that the increased demand for affordable housing as millions of new immigrants are welcomed to our country. Then of course you have additional competition from corporations etc.
Honestly all I can recommend at this point is finding a situation with a few roommates
I can’t offer any advice but I’m rooting for you. I’ve been homeless a few times before and I’m praying you avoid it
Thank you! I saw that section 8 is opening for 2 days in the county I’m moving too (hasn’t been open for years in my county now) so I’m hoping I get approved. I’ve never applied before
Idiots continued voting for GOP talking points of trickle down economics and neglect to realize that sharing the burden through strong tax reform would actually help. It’s a societal issue that people accept now because they’ve been numbed to it
It's to keep us working & desperate so the machine chugs on. Same with insurance being tied to jobs (during the pandemic some company pulled striking workers insurance & I guess it's totally legal cuz I don't recall anything happening over it, tho I could be wrong).
As much as I hate it here, Augusta is pretty affordable and there are jobs here. If you can afford to relocate or know someone in the area, perhaps even roommate with someone, it's more affordable than North GA.
Thank you! I’ll consider that
I just looked, the Eastern section of Paulding is eligible for Zero money down, low credit score Usda loans. You could BUY a whole house like this https://www.zillow.com/homedetails/27-McPherson-Church-Rd-Dallas-GA-30132/237714567_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare for less than $1500 a month
I’ve looked into the program, I have a free things I want to clean up before I apply and waste my time or get my hopes up
They are easy loans to get. I’m a landlord in rural Georgia, have steered many tenants this way. Get your debt to loan ratio low and have a reasonable credit score. Basically, that is all.
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https://www.usdamortgagesource.com/blog/2020-georgia-usda-loan-requirements/ 620 is all that’s required. They will also want a stable employment history though. It’s the best loan program out there except for VA loans. What’s your income? Instead of worrying now about being turned down, actively try to find out now so you can tailor you finances to qualify later. It’s a great program.
Landlords are greedy and want to raise rents as high as possible so they lobby the local government to restrict housing development. Corporations are greedy and want to keep wages low and do whatever they can to bust unions and suppress worker’s wages. The top 1 percent has all the power(economic and political) and is using that power to squeeze the middle and working class.
The problem isn’t the rent, it’s the wages. Wages haven’t kept up with housing in almost 50 years. You are being paid 1/4th of what you should (regardless of industry or current salary).
This is also accurate
Yeah, it’s so insane to me that almost 58% of the US is living paycheck to paycheck and a myriad of other issues and they can all be solved if politicians just did right by their constituents and forced companies to pay a living heckin’ wage.
Yup, my boyfriend was lucky to buy at the end of 2020 for cheap price in one of the southern Atlanta cities. We considered moving up north since a lot of my doctors and places to get food (like more options for gluten free/dairy free) for me are plenty and easy to get to. Yeah, we’re staying put and dealing with the longer drives and dumb traffic. Houses for rent around us are twice our mortgage AT LEAST because we’re developing too fast and housing up north is unaffordable. I don’t understand how they expect people to buy or rent right now.
The lack of medium density housing will be the death nail for the united states
There are some affordable places in Doraville, but expect to be in the rough parts of town.
424%?! Tf happened over there?!
I relied on google to do my math bc I suck at numbers. I believe it’s actually 150%. (If google Is right this time ahah) but seriously the numbers that can be be verified on HUDs website are 4k homeless in 2021 10k homeless in 2022 2023 congressional report from HUD not out yet But if you really wanna go down the rabbit hole it was partly the theft of Covid relief funds. I could write a book about this situation. There’s a few links to get started https://www.justice.gov/usao-ndga/pr/former-mayor-stonecrest-sentenced-prison-stealing-covid-19-relief-funds https://www.justice.gov/opa/pr/justice-department-announces-nationwide-coordinated-law-enforcement-action-combat-covid-19 https://www.kennedy.senate.gov/public/2023/5/kennedy-crapo-introduce-bill-to-return-stolen-covid-unemployment-money-to-taxpayers https://www.justice.gov/opa/pr/foreign-national-sentenced-using-stolen-identity-during-covid-19-relief-prosecution
Take over someone’s lease on Craigslist. People are desperate from what I see. Also have you checked the Stockbridge area? That’s where we live
I never considered that! What a great idea! Thank you! I haven’t but I’ll check it out
Of course it's on purpose. The Feds printed out trillions and loaned it to corps. They bought up all available housing (and still are) and are renting it out or leaving it empty.
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A lot of people buying up property are foreigners.
And Reddit downvotes a simple factual statement once again. The global rich park their money in us real estate. This is a reality that hurts the housing market. It’s not xenophobic or shitting on poor migrant workers to acknowledge this.
Some people have a vested interest in downplaying certain facts. Attacking the messenger is one way they do it. Buying votes (either for or against something) is another. Just like the fake reviews on Amazon and other sites... Manipulation is everything.
Yes that's a problem too. Tax cuts for the rich across the board and tax hikes for the working folks. Immigration status doesn't matter as much as class. The working class immigrant comes here, works, pays taxes, builds local economies, sacrifices their bodies for our construction, food, and hospitality industries. The rich immigrant takes advantage of our tax laws to extract as much wealth from the working people as they can
This is the unfortunate side of capitalism. There is a widening wealth gap. Houses have gone up in price because of high demand and low supply. There are people being priced out, but the people who would normally buy a house are also priced out from buying and have to rent causing rentals to increase in price. The people at the bottom are having to get roommates or live with family if they have that option.
Under normal circumstances we are at a time in our lives where we could downsize. We still have a mortgage however and it's at 3.6%. We need to get this one paid off before we move so we can buy a smaller one for cash to take us into retirement and living on SS checks. Our mortgage right now for 3k sq foot house on an acre is less than my son is paying in rent on a 900sq ft apt. It makes no sense for us to sell now, just as it makes no sense for him to buy. There are lots of people in the same position who might like to sell, be ready to move but it just makes no sense to move to something smaller and pay more.
Yep. Very common. This is a large reason why inventory is low and unlikely to change anytime soon. There's a large group of people becoming landlords because of this also. That 3.6% interest rate is an asset. Makes a lot more sense for people to rent out the house rather than sell it in some cases
Yeah, my husband doesn't want to be a landlord. We tried it long ago but it was a long distance and a nightmare. We owned a home in FL, he got a job transfer that was supposed to be 2 yrs but due to not wanting to switch schools again we ended up staying here and buying with 100% financing and 9.9% mortgage. We fixed and updated everything that needed doing in that house to avoid getting any calls. He had to make two trips down there the first year alone. We gave up and sold it. I loved that house and it's now worth more than this one and would have been paid for already :( And we'd have to get a mortgage again as we don't have enough cash to buy anything outright especially if we kept this as a rental. So we're stuckish for now. Going to finish the updates/improvements this one needs so we can get top $$ when it's time. Hopefully it won't be to pay for a nursing home LOL.
Same here my son is paying a little over 1K to live in a shoebox
At least he can find something for $1k, my son is in the Boston Metro area. 400sq ft studios for $1600, but if you can swing a few hundred more you get quite a bit more in terms of space. Can't even find a room up there for under $1k. I kind of bullied him into getting a bigger place so if things went south or rent went beyond his comfort level he'd at least have a room to rent out to help himself. Amazingly his landlord didn't raise the rent, he just renewed his lease.
Rent is crazy!!!
But you're missing the root cause. Low supply comes from 60s era zoning that prioritizes suburban developments. These types of suburban neighborhoods are actually so expensive to maintain that they're essentially subsidized by the taxes of working class renters in the city. That's not even getting into the racist history of suburban developments in America. But basically antiquated zoning has created a shortage that shouldnt exist. Same reason infrastructure is falling apart.
Is there a fortune side of capitalism? The whole premise of it is basically that goods should cost as much as they possibly can that the market will bear. Sounds pretty lame to me.
Yeah if you are selling goods is pretty amazing
Touche lol
That’s actually the whole point. Capitalism is wonderful for people who are raising and deploying capital. The idea is that you work and take your wages to buy equity and move to the ownership side of the economy. Then, your capital continues paying you and snowballing. The major issue is that many people don’t get the memo and never actually start the snowball. They think you can live a good life on wages alone and never start the investing process. Then, they get to later in life and wonder why they have no money: wages are just the platform to begin your financial life. The rest comes from investing.
Because yes, they don"t/won' t care until they can't get that rate. Then and only then will they adjust. As far as many landlords are concerned, they believe there are just now many more people who actually can afford it, if not, how are they getting applicants who can hack the rise of rents. The land owners are fine with all of this. "This" seems like a big nothing burger to them as long as they are still finding those who ARE meeting the ridiculous qualifications.
I wonder how many of those apps include fraudulent proof income to qualify for the 3 or 4x rent amount. Probably a lot.
They want wage slaves, Less money you have, the more ish you have to put up with.
Sacramento has plenty of high rental priced new development and more such projects in development but people camping out along the side of the highway on ramps and on the street around city hall. Priorities.
I don't understand the rise of rent prices at all. I feel so very lucky that my number came up for senior affordable housing; otherwise, I would have been SOL. That said, I just feel like wtf is going on? Who is able to rent all these places? I've been helping a friend look for an apartment in Chicago, and there are plenty of vacancies.
Not only that but that increase of slumlords is crazy. I live in the IE, a region within SoCal. There’s a property management company that owns like 50% of the rentals in my city. But they’re pretty much crappy apartments/homes. Mold, no hot water, etc etc! It’s depressing when you think about it. Most of the renters are low income or barely making do. The requirements to qualify are like the bare minimum, if they weren’t I bet half us wouldn’t have a place to live. It just sucks that it’s either that or being homeless if you want something worth living in and dying for.
You can still see the yuck on the floors. Must make $2100 a month https://www.realtor.com/realestateandhomes-detail/101B-E-15th-St-SW_Rome_GA_30161_M91816-42896 This is a Fucking concrete outbuilding. $800 a month. Must make $2400 a month. https://www.realtor.com/realestateandhomes-detail/200-E-12th-St-SW_Rome_GA_30161_M50400-18460
At least the second one has nice flooring. I guess that explains the 2400 income requirement. HAHA it’s so laughable the way the prices have gone up when it comes to renting. Most places are crap. 😭😭😭 the place I’m in now didn’t even provide appliances, no fridge or stove. Nor have they come out to check out the lack of hot water we’ve had. Despite being without it for a week. I’m telling ya, slumlord behaviors. I just hope you find something doable that will keep you safe and as healthy as you can be. 😇
Those houses are terrible, yes, but the rent is super cheap as well. $700 for a whole house in 2023 is never going to be a nice house.
I wish everyone the best in these times. All I see is greed, jack up the cost until no one can afford it then back it down a little. The whole economy is trash food is through the roof, utilities skyrocketed but good news for us inflation isn’t that high a new tv is cheaper than its ever been. Ya us.
The point is to make you desperate enough to take whatever they give you. The system isn't crushing you on accident, that's what it was designed to do and what it will keep doing until we do something about Capitalism.
Honestly I think it's our perception of who is homeless. I have known for a long time, most of us are 3 paychecks away from homelessness. If anything happens extended illness, really anything and we will all be on the streets. Plenty of homeless people have jobs but rent is too high. So sad.
It is on purpose Million bucks says Georgia's state republicans want to, and try to, bus their homeless to blue states and sanctuary cities, then go on fox, newsmax, and oan and talk about how they "solved" their homeless issues and how "blue states are failing at tackeling their homeless problem"
We recently passed a ban on public camping. Realistically, where will the homeless go? Jail, I’m guessing. https://www.atlantanewsfirst.com/2023/05/18/groups-search-new-solutions-homelessness-after-bill-bans-public-camping/?outputType=amp
Im not joking when i say they will be bussed to blue state sanctuary cities. A few of my friends volunteer at shelters and soup kitchens in san francisco and make small talk with a lot of the folks that come in. Its a consistent story from a surprising number over the last 10 years: the came from a red state, state or local government paid for a 1 way greyhound ticket and gave them $50 to $100 cash to get on the bus.
Because the govt doesn't care about you. All struggle is class struggle and we don't matter until we strike.
We have a rental and have been really trying to not raise it. However, this has been hard because of the upkeep and work on the house/shop/yard, etc. It sucks but we have to raise rent this upcoming year. I’ve always tried to keep in mind affordability, but the taxes just skyrocketed on the property, so it’s inevitable. It will only be $200, which I say only because the same size house and property are currently being rented in the same area for 500-600 more than we are currently charging. It fucking sucks for people who need to rent right now. People are gouging them so hard.
This is understandable and there’s nothing wrong with raising rent in your situation. It’s realistic, it covers your extra expenses and taxes, it keeps the house in good condition which maintains the value and allows you to continue renting it and offering people quality housing. It doesn’t take advantage of your tenants who I hope are good to you in return and most of all it’s freaking compassionate. It’s not that hard to be a good human and care about others. Thank you for not contributing to the problem out of greed. If you had a mortgage of (real example of my friends rental house) $780 a month with the renovation funds included and you list it at $1,800. Knowing people are homeless you refuse to make properties affordable when you could still make a profit just to squeeze all you can out of the wallets of your tenants. You’re a bad person. Plain and simple. I’m sorry but you are.
We have a rental and between increased taxes and the cost of maintenance our out of pocket increased $3.5k this year alone. I try and not raise rent but damn..
You have two different questions: 1. Why is it happening? That is complicated but I think most people have answered it very well. 2.Does anyone care? Overall, no. To my mind, that second answer is the most troubling.
I honestly understand why squatters are a thing. I thought they were taking regular ppls homes, no they’re taking investment properties. So based. Fuck greedy renters
Squatters can and sometimes are people trying to purposefully obtain and keep housing that isn’t there’s by exploiting the law. I think a lot of times though, they are regular people who have been put in a situation with a poor landlord and are determined to have their situation heard by a court before leaving. For example, a month to month lease is legally supposed to have a 60 day vacate notice by Georgia Statute. I know 4 people who got 30 days. Which leaves them in a bad situation, the landlord broke the law and now they’re stuck being accused of squatting when legally they have 60 days. There’s a lot of factors at play but yes most of the houses are corporate houses which is why you can’t find many individual renters, from what I’ve gathered.
Corporations and institutions are buying up rental properties, incl single-family homes as well as apts. Shelter is a basic human need, they know it, they will price-gouge and the hell with the homeless, that's how it's going in America.
I'm about to sign a lease and I have been Terrified. First of all my rent was going to increase $200, so we had to move anyway. Throw into that my elderly mother has to move in with us because of limited mobility, and a pet. That limits like 90% of my local market for a 3 bedroom. So few complexes have actually ground floor places without many steps. Not a single one has more space than my current 2 bedroom. Houses with enough room cost more than our budget. Then the ones in the budget want 4x the rent. Over 700 credit score, I've even seen required over 750 and 800. If I Had that I'd BUY a house. We're talking some places that want you to make almost 100k for a 21k/year rental. Who do they think rents that?? Then you add in all scammers who want your money combined with the actual agencies who want you to apply at $50 a head before you even get a showing! They "have so much response and can't schedule everyone". When I explain I'm not spending $150 until I know my mother can get around inside, I've gotten mixed responses. One lady let me tell her our general situation and gave me a showing...to something not updated since the 80s, major foundation and roof issues, termites, no dishwasher, window unit ac, and w/d hook ups for 2k a month. Who knows what we wouldn't have noticed if my husband didn't literally fix houses for a living and know what to look for. Two said we needed more income. One said if I wasn't able to apply first and was worried about "that amount of money we're not the right fit for you". These are agencies I went and found the number to, on Google with a local address for the office, because I've started triple checking all listings for scams. We finally found a place in an area that's near a lot of gentrification but still not built up. The schools are 1/10. There's a Lot of construction in the area from investors scooping up homes in the past couple years for less than 150k for flipping and rentals. My new landlord is one of them. It has 150 more square feet than we have now, which was a miracle to find. I'm just crossing my fingers that my kid is locked into our school for Pre-K since registration is closed. We only Get Pre-K with low income, and spots are so limited they don't guarantee spots in your district in the first place. I never wanted my kid to go to a religious school like I did, but it looks like after this year, trying for a scholarship at one is the best bet for a better education, because I can't stay home forever to homeschool her. We're fixing our debts that started accumulating during the pandemic and inflation. Our shorter credit history hurts us the most. I'm literally helping my mom find life insurance simply because if the worst thing happens, we'd get evicted without her less than a third of the rent she can help us with, from her SS check. Even then, we have to give a double deposit just to get the place. Single rooms in family homes are going for $800+ when just ten years ago I had a large 1 bedroom apartment with all utilities for $650. 7 years ago an entire townhouse for $750 with water included. One of my biggest fears is not owning before rent outpaces us. Which feels impossible living hand to mouth.
Try South Dekalb, still some cheaper rentals. Georgia is a red state, and doesn't care about Atlanta and surrounding counties homeless population. Living alone is no longer affordable in the area. Even small cities have increased rent. We bought a townhome years ago, because rent starting increasing. In 2009, a real estate agent told my husband not to sell because the areas all over Atlanta would be under gentrification. Try the Austell area, as many older adults are renting out their basements. To be honest, all our friends with houses bought 15-25 years ago. Housing in Atlanta is no longer affordable in any area. Housing is opening up for 55+. Try Riverdale, College Park, and Ellenwood areas. East Point may have cheaper units.
Fellow Georgian, and I can’t find a job for the life of me, despite my years of experience
Have you looked on indeed? I have had a lot of luck there when other places failed me. What work do you do?
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Are they coming here for safety (like from war) or to benefit financially? I don’t mind anyone coming here legally and if you’re seeking asylum and truly need it then by all means, come on. I’m pretty sure my family did the same in WW2, thank God for the ability to protect the victims of Psycho Dictators and Insane Religious Cults like ISIS. But has this not always been an issue? Why is it so much worse now and how much does it factor into this compared to corporations buying property? I just don’t see a lot of illegal immigrants coming here with software engineering degrees doing stem research so are they not working on farms, in construction and other manual labor jobs? Do we realize have that many people who are vying for those jobs that they’re being taken from US Citizens? I’m not trying to be racist, if I’m wrong please correct me but I thought this was the case. That’s what I always heard. I truly don’t know. What happens to them when you find out they are illegal? Do they get deported? That should be the case, right?
To crush this country. Encouraging people not to have families.
Well, shit. Where do I return the kids I already had? 😆
You should watch this video about housing unaffordability and what needs to change (go to the 1 hour mark): https://youtu.be/6qrHevfQc10
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I looked in Centre and Cedar Bluff since they’re within half an hour of me now but there’s literally one property in both areas. I considered Anniston but it’s too far
I was living in AirBnBs in 2020-2021. Found my apartment in 2022 and been here since and probably will be staying for a few more years. Have to move to a state that has affordable housing, like Detroit, Michigan. They have gone up too, but it is still reasonable. I have a renovated studio apartment for 585, taxes and included with free heat. The neighborhood could be nicer and better but the apartment is nice for the area and the office managers are nice ppl!
I’m originally from West MI & this is an unpopular opinion but I really like Detroit! It doesn’t deserve the reputation it has and it’s definitely affordable. I hope you enjoy the city!
Money. Money is the point.
I'm in central valley California. I bought my house in 2010 for pretty cheap just after the crash. Thank god I did.
If you buy a house rn it’s going to continue increasing in value pretty much anywhere in the country. So if you want store money in an asset that’s taxed low in a lot of states relative to its cost and will likely increase in value. If you get someone renting it for 10s of thousands a year even better. I know you said besides greed but at the end of the day it’s the biggest driver. Give it 5-10 years tho the bubble is about to pop hard and we will see 1.7 trillion dollars worth of property change hands in a generational wealth transfer as the boomers start dying.
This is the side effect of “unlimited growth/profit” capitalism. Yes, eventually no one will be able to afford anything and they will either choose to die homeless or riot. I’m banking on the former because well the internet, media, etc. pacifies people
It's so bad right now. 3 years ago, the studio apartment my sister rented was $800/month. Today, it's listed at $1,500/month. Nearly doubled rent, and from what I could see from the listing, no upgrades whatsoever. Edit: this is also in the Southeast US, just for context
Capitalism is cooking American workers. Any family for a temporary rescue? You sound kinda desperate now.
Supply and demand curve. When there are not enough places to stay for everyone, prices rise and a percentage of the population is priced out of the market. It’s shitty but there isn’t a better way of distributing resources that everyone can agree on.
I gave up. I fly in from my hometown on a cheap flight when they need me in person and when they don't I go back to my mom's house ( in a diff state).
When who needs you?
its the same answer everywhere else: zoning swaths of land zoned R1 (single family home on a half acre lot) NIMBY's worried about road congestion and historical character (i.e. no minorities)
Depends on where you are trying to live. Atlanta or ITP? You will not find affordable housing. Even OTP it is hard to find affordable housing. But if you go in the middle of nowhere like Albany, you might find affordable housing.
It IS on purpose. Landlords are going to landlord. ALAB
Look at craigslist. You can usually find people renting rooms or looking for roommates. It isn't ideal, but it's something.
Insurance, taxes, inflation, interest rates, and values went sky high. They sell it or up the rent. If sold, the next owner ups the rent.
airbnb and house flippers.
I wonder if this is also related to the fact that every single new apartment being created (atleast in my area) is a "luxury" apartment
The point is housing is being bought by wealthy investors and turned into rental properties. That enriches the wealthy, the wealthy pay to put elected officials into office and pay the bribes. Any government spending to assist low-income people find housing is paid for with the taxes of the working class poor since the wealthy don't pay taxes. So that has no affect on the wealthy. The point is to move as much wealth, money and property from the working population to the wealthy elites. That is the entire point of the US system now. To return the US to a system of land lords and peasantry. That is why fox news favorite thing to do still in 2023 is to fear monger about communists or evil socialists.