The next major issue to deal with (Rent Increases)

[gdgyva]

Rent is about to go up again—here’s why​

Sorry to be the bearer of bad news. But if you’re currently renting your place, you might see the price tick up when it’s time to renew your lease.




In fact, rent is forecast to be even higher this year than it would have been if the pandemic had not occurred.

Throughout 2020, many renters were able to benefit from price reductions or even months of free rent as landlords struggled to fill empty units. But those concessions are more or less gone, and landlords are hiking up prices as Covid-19 restrictions end and housing demand spikes.

Housing costs were rising before Covid, but the coronavirus exacerbated the problem: The national median rent has increased by 11.4% so far in 2021, compared with just 3.3% for the first six months of 2017, 2018 and 2019, according to a report from Apartment List, a rental listing site. Average rent growth this year is outpacing pre-pandemic levels in 98 of the nation’s 100 largest cities.

Rent is about to go up again—here's why

Rental concessions are ending and prices are spiking as Covid-19 restrictions end and housing demand increases.

www.cnbc.com

Was talking to a number of people i know....they are clearing out the people who basically squatted in their properties for almost a year....with little or no payments

They are also upping the rents on said properties....They figure it will take 4-5 years for them to come close to recouping what was lost

And that is based on hopefully no major damage in any of the properties....

I know....who cares, right....

Well, your friends might as their next lease or rental agreement comes around.....they are going to be in for quite a shock

 

[aociswundumho]

Rents are high because local governments prevent new housing units from being built. Consider the very progressive city of San Fran:

Since the 1960s, San Francisco and the surrounding Bay Area have enacted strict zoning regulations.[11] Among other restrictions, San Francisco does not allow buildings over 40 feet tall in most of the city, and has passed laws making it easier for neighbors to block developments.[12] Partly as a result of these codes, from 2007 to 2014, the Bay Area issued building permits for only half the number of needed houses, based on the area's population growth.[13] During the same time, there was rapid economic growth of the high tech industry in San Francisco and nearby Silicon Valley, which created hundreds of thousands of new jobs. The resultant high demand for housing, combined with the lack of supply, (caused by severe restrictions on the building of new housing units[14]) caused dramatic increases in rents and extremely high housing prices.[15][16][17] For example, from 2012 to 2016, the San Francisco metropolitan area added 373,000 new jobs, but permitted only 58,000 new housing units.[18]

San Francisco housing shortage - Wikipedia

en.wikipedia.org

Low income people are hurt the most by leftist housing policies, while the rich benefit from them.

 

[reflechissez]

Rents are high because local governments prevent new housing units from being built. Consider the very progressive city of San Fran:



Low income people are hurt the most by leftist housing policies, while the rich benefit from them.

Low income people always hurt the most by price increases. This is not news.

 

[aociswundumho]

Low income people always hurt the most by price increases.

True, but these price increases are mostly artificial, in that they are mostly caused by idiotic "progressive" policies which reduce the number of housing units.

 

[RAMOSS]

Rent is about to go up again—here’s why​

Sorry to be the bearer of bad news. But if you’re currently renting your place, you might see the price tick up when it’s time to renew your lease.




In fact, rent is forecast to be even higher this year than it would have been if the pandemic had not occurred.

Throughout 2020, many renters were able to benefit from price reductions or even months of free rent as landlords struggled to fill empty units. But those concessions are more or less gone, and landlords are hiking up prices as Covid-19 restrictions end and housing demand spikes.

Housing costs were rising before Covid, but the coronavirus exacerbated the problem: The national median rent has increased by 11.4% so far in 2021, compared with just 3.3% for the first six months of 2017, 2018 and 2019, according to a report from Apartment List, a rental listing site. Average rent growth this year is outpacing pre-pandemic levels in 98 of the nation’s 100 largest cities.

Rent is about to go up again—here's why

Rental concessions are ending and prices are spiking as Covid-19 restrictions end and housing demand increases.

www.cnbc.com

Was talking to a number of people i know....they are clearing out the people who basically squatted in their properties for almost a year....with little or no payments

They are also upping the rents on said properties....They figure it will take 4-5 years for them to come close to recouping what was lost

And that is based on hopefully no major damage in any of the properties....

I know....who cares, right....

Well, your friends might as their next lease or rental agreement comes around.....they are going to be in for quite a shock

That has been happening quite a lot recently. , and since even before the pandemic started.

 

[reflechissez]

True, but these price increases are mostly artificial, in that they are mostly caused by idiotic "progressive" policies which reduce the number of housing units.

If the market will bear it, the prices are not "artificial." Reducing supply usually causes an increase in price.

 

[Deuce]

Rents are high because local governments prevent new housing units from being built. Consider the very progressive city of San Fran:



Low income people are hurt the most by leftist housing policies, while the rich benefit from them.

Those aren't "leftist" housing policies. You said it yourself, these are local government decisions. The state of California is too hands off when it comes to zoning. They let local boards dictate just about everything, and local suburban assholes lean conservative and they don't want high density housing because that brings too many of those people around.