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/biz/ - Business & Finance

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11336481 No.11336481 [Reply] [Original]

Why the fuck is rent so god damn expensive?

>> No.11336497

>>11336481
Toronto? More like 'TO-RENT-O' HAHAHAHA

>> No.11336500

Link is shit.

>> No.11336508

>>11336481
where do you live OP?

>> No.11336512

>>11336481
because overpopulation increased competition to the point where we accept prices that puts us on literal slavery. enjoy your stay on earth

>> No.11336529

>>11336481
it's a free market and everyone needs a roof. if you can afford to pay 90% of your income on rent and still be alive, that's how much it will cost. the moment members of your class start dying due to the inability to pay for a roof while other members refuse to pay for the roof you were going to rent, that's when prices start falling.

>tfw I've rented for 40 years and not once have I ever gotten a letter on my door reading "please be advised, your rent will be reduced by $40 due to proseperous ecomonic conditions, thank you for being a patron of you-name-it housing."

>> No.11336564

>>11336529
you could've purchased real estate 40 years ago and you didn't

fuck sakes, you could've bought real estate 10 years ago and you would've been prime

jesus christ

>> No.11336827

>>11336481

probably because the (((powers that be))) have financialized everything, inflating the value of houses with easy FHA loans, opened the southern borders wide for millions upon millions of "New Americans" to come in and suck up all of the resources including real estate, as well as allowing unrestricted foreign "investment" from China in real estate that they have no plans of inhabiting.

or maybe it's Trumps fault :^)

>> No.11336846

>>11336497
Yeah I drove like an asshole there today, if you were behind me fuck you lmao

>> No.11336852

>>11336564
This

>> No.11336860

>>11336481
It’s either pay a fuck load to live alone or get roommates and split that rent, at least for a young guy like me

>> No.11336862

>>11336564
there are many areas that havent seen real estate appreciation in 10 years and some that are lower price today than 30+ yrs ago

>> No.11337004

buy land with access to water, that's a goal

>> No.11337021

>>11336564
Yeah let me buy as an 8 year old

>> No.11337093

>>11336862

Even if he saw no appreciation, which is highly unlikely, he would at least get SOME of his money back that he put in when he went to sell. Or just pay off a mortgage and only pay property tax. Renting is literally throwing away money with no possiblity of any return. And don't even start with "but you pay property tax on real estate!"

Because trust me, you're covering a landlord's real estate taxes plus profit in renting.

>> No.11337100
File: 256 KB, 1080x1350, 1538940675885.jpg [View same] [iqdb] [saucenao] [google]
11337100

>>11336481
It's the Chinese getting the fuck out of out dodge, because that place is going to hell in a hand basket.

All that money is going to Vancover, Toronto, Seattle,Sydney, Santa Barbara, etc.. Countries where rule of law is sacrosanct (USA, Canada, UK, Australia, Anglosphere in general).

Go downtown and look up at the condos at night.... you'll see none of the lights on because of foreign investor dumping their money here.

>> No.11337109

Because you multicultural retards let the Chinese dominate your real estate and politicians increase immigration

>> No.11337111

>>11336529
What you get then is lines for rent, see Stockholm. 20year wait time

>> No.11337135

>>11337100
kek, Toronto has one of the lowest rates of vacant homes in canada. 4.4%. Saskatoon has a higher vacant rate then Vancouver and Toronto at 7.5%

>> No.11338028

>>11336862
Name 3 places that have a lower price today than 30 years ago. Shit, name 1 that has a lower price than 20 years ago

>> No.11338036

>>11338028
your mom's mouth, cooch, and ass m8

>> No.11338088

>>11336860
>living with roommates

Might as well live with mommy and daddy like everyone else your age

>> No.11339173

>>11336481
rent in south America $100 per month

lowest crime of all the Americas use googl

>> No.11339184

>>11336481
every western city has expensive rent? (((why))) is this?

>> No.11339226

>>11338088
Fuck that I can drink with my roommates and save $1000 a month to invest

>> No.11339237

>>11336827
Or maybe they are trying to push you faggots to move to and repopulate other cities/towns and stop cloggin-up To-Rent-O & Hongcover

>> No.11339250

>>11336481
Supply and demand. Rent is something that is not regulated in this fucked up society by gov. If you ask me then rent should be the first thing to be regulated.

You basically are fighting against retards. Take it like a shitcoin that is being pumped because of hype. Retards will pump it, but since you know its value is not that high but you need it to live then you crave in. Thats why renting is such a good investment for any rich person to do. Retard girls who have rich daddies want to live in the center in a condo so the condo owners know this and pump the price. Then other retards see the condo prices are so high then they increase their rent.

Good luck living in a society (in 5 years) where 50% of your salary goes to some fucking douchebag who got their apartment via daddy or mommy. I know im wagie raging here, but i will never rent a fucking home before i buy it. Its stupid. You basically pay someone else to increase their franchise (eg. buy more apartments to rent). I can tell for a fact where i live in the past 5 years the rent has increased 100%. If it increases 100% more then thats going to be 50% of the average salary where i live. Its so fucked up.

>> No.11339259

>>11336529
>Believing in free market meme
Never gona make it

>> No.11339260

capitalism

>> No.11339276

>>11339260
This guy gets it.
Capitalism is pyramid scheme.

>> No.11340154
File: 22 KB, 495x401, 1536287437342.jpg [View same] [iqdb] [saucenao] [google]
11340154

>>11336481
Its part of life friend
Nothing can be done about it

>> No.11341230

>>11337100
THICC like Allan

>> No.11341240

>>11337021

pathetic attitude. You were just lazy and you know it. Any 8 year old worth his salt can hustle up a couple of hundred K's

>> No.11341275

>>11336529
>tfw I've rented for 40

kill yourself boomer. reeeeeeee. also it's not a free market with the local government artificially restricting land through zoning and not allowing dog-sheds as living-quarters.

>> No.11341285

>>11340154
fuck to le-ddit, pinko

>> No.11341295

>>11336497
Fpbp.

>> No.11341298

>>11337021
Nobody was even talking to you, retarded zoomer

>> No.11341309

>>11341240

Boomer supreme

>> No.11341310

Why are boomers so confused that this generation can't afford rent?
Do they still think it's $50 a month?

>> No.11341314

Because our governments let in foreign investors when we’d have no such luck in the lands where the foreign investors come from

>> No.11341355
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11341355

>>11336481

>> No.11341372
File: 1.26 MB, 750x1334, IMG_1311.png [View same] [iqdb] [saucenao] [google]
11341372

Greedy Jewish Landlords

>> No.11341575
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11341575

Quite a few people think I'm just paranoid about the next economic crash being right around the corner and postponing buying a home because I'm anticipating the real estate bubble burst (alongside everything else bursting ofcourse). Am I really crazy? These same people are taking out loans for apartments that just 5 years ago were literally half the price.

Am I being crazy for trying to get into real estate after the next crash or is my goal reasonable?

>> No.11341607

>>11341575
you aren't the first to assume so nor the last. there were probably people with this line of thought 10 years ago, 15 years ago, 20 years ago, etc.

i'm not saying everyone that waited got burned but i'm sure there are people out there who regret not buying years ago when they had the opportunity,

>> No.11341644
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11341644

>>11336481

Tell me about it.

My girlfriend was looking for a place for her and her son since their current land lord sold the slum den she was in for 1 million dollars to some "investors", and she's been looking on average $2,000 per month, for a basic 2-bedroom.

And the application for a rental agreement looks like a screening for a fucking mortgage.

The absolute state of this fuck city. Why does everyone clamor to live in this dysfunctional shithole with no transit, no infrastructure, and only a handful of decent paying jobs?

>> No.11341678
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11341678

Move to Peterborough like I will.
Highway connection done in 2 years, you will see a surge in price and new business coming in as well.

>> No.11341685
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11341685

>>11336481
>lgbt coloured sign

>> No.11341711

>>11336481
Chinks

>> No.11341723
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11341723

>>11341644
>My girlfriend was looking for a place for her and her son

>> No.11341786

>>11337100
Qt3.14

>> No.11341826
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11341826

>>11341723

I wish I was memeing..

>> No.11341859

>>11336481

Shitlords keep buying up single family homes and turning them into multi unit rentals. Housing supply goes down, prices go up more people forced to rent

>> No.11341868

Russian oligarchs, arabs and chinks have bought all the houses out in anywhere worth living and just sit empty, they keep building apartments in London which are bought out before they are even built, Also who ever thought of part buy part rent is the biggest jew going.