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American is shock, she has always lived in expensive cities with expensive rents But now she’s moved to a state and city that’s not a major city and the rents are still high. She’s looking online and finding everywhere is high, it doesn’t matter where you go “I think... I've discovered that I'm stupid because tell me why I didn't realize…. like, I knew there's a rent crisis going on — but I didn't know that rent is high everywhere. Okay, let me, let me explain” She explains that’s even places where minimum wage is $7 an hour the 1 bedrooms are still over $1,500 bucks. Even in places that are generally considered not good places to live the rents are still insane Yes, this is everywhere Rent prices have drastically increased since 2020 everywhere. Naturally rents are up 40%+ since 2020. Even in bad areas rents are still up about 32% The biggest surge happened in 2021-2022…. Right when Democrats opened the border….show more

Wall Street Apes

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A take from my last video I didn't see many people discussing is that while many characters moral greyness is subtle in Legends ZA, the villains are definitely Quasartico. Their goal is to keep rents high and nobody in Team MZ can afford rent. ZA is about the housing crisis.

A take from my last video I didn't see many people discussing is that while many characters moral greyness is subtle in Legends ZA, the villains are definitely Quasartico. Their goal is to keep rents high and nobody in Team MZ can afford rent. ZA is about the housing crisis.

cecilily

125,028 Aufrufe • vor 9 Monaten

American single mom with 2 kids can’t find an apartment anywhere for under $2,300 in her city She decided she’ll just sleep in the living room and give her kids the bedrooms, she still can’t afford the minimum of what a 2 bedroom cost The cost of rent is a National Emergency, “When are we just going to put a cap on rent, because I swear to God, I've been looking. Places have gotten so expensive” The price of rent in America MUST be addressed, people can’t afford to live

American single mom with 2 kids can’t find an apartment anywhere for under $2,300 in her city She decided she’ll just sleep in the living room and give her kids the bedrooms, she still can’t afford the minimum of what a 2 bedroom cost The cost of rent is a National Emergency, “When are we just going to put a cap on rent, because I swear to God, I've been looking. Places have gotten so expensive” The price of rent in America MUST be addressed, people can’t afford to live

Wall Street Apes

2,247,834 Aufrufe • vor 1 Jahr

Americans are wondering “what is the end goal” in America with prices that never stop increasing One American’s rent went up from $900 in 2019 to $1,700 today for a 1 bedroom This is incredibly common, rents have increased 48% nationally just since 2019 But it doesn’t stop there, in places like California and other big cities rents have increase as much as 60%+ Again, this is just since 2019 “So I just feel like with the price of everything right now, especially the rent prices — I just think that's ridiculous, and I'm trying to figure out what is the end goal here, especially with AI. What is the end goal? Are things just going to keep increasing till people cannot afford anything? Is it going to be time for some sort of uprising, some sort of fight against this?” Prices go up every year and wages stay stagnant. With these new dramatic increases we need more protections Younger Americans especially stand absolutely no chance Statewide average rent is now around $2,695 per month in California Young people could never afford this and it’s for an apartment not a mortgage

Americans are wondering “what is the end goal” in America with prices that never stop increasing One American’s rent went up from $900 in 2019 to $1,700 today for a 1 bedroom This is incredibly common, rents have increased 48% nationally just since 2019 But it doesn’t stop there, in places like California and other big cities rents have increase as much as 60%+ Again, this is just since 2019 “So I just feel like with the price of everything right now, especially the rent prices — I just think that's ridiculous, and I'm trying to figure out what is the end goal here, especially with AI. What is the end goal? Are things just going to keep increasing till people cannot afford anything? Is it going to be time for some sort of uprising, some sort of fight against this?” Prices go up every year and wages stay stagnant. With these new dramatic increases we need more protections Younger Americans especially stand absolutely no chance Statewide average rent is now around $2,695 per month in California Young people could never afford this and it’s for an apartment not a mortgage

Wall Street Apes

49,783 Aufrufe • vor 2 Monaten

American says he lives in Southern California and it’s very expensive He has a 2 bedroom, it’s about an hour outside of Los Angeles and he pays $2,930 a month for rent. After utilities and fees it’s about $3,400 per month “It is not cheap to live here in Southern California” If you search in a place like Venice beach and Santa Monica for 2 bedroom the most common rents that come up are $4,500-$5,400+ Average rent price officially is over $3,300 but certain areas this seems to not even remotely be an option

American says he lives in Southern California and it’s very expensive He has a 2 bedroom, it’s about an hour outside of Los Angeles and he pays $2,930 a month for rent. After utilities and fees it’s about $3,400 per month “It is not cheap to live here in Southern California” If you search in a place like Venice beach and Santa Monica for 2 bedroom the most common rents that come up are $4,500-$5,400+ Average rent price officially is over $3,300 but certain areas this seems to not even remotely be an option

Wall Street Apes

176,209 Aufrufe • vor 1 Monat

Cea Weaver on rent stabilization: " I think rent stabilization and, and rent freeze are just... such an important way to interrupt that cycle of speculation, displacement, and rising rents across the whole entire city. It is the way that we can tell, um, we can tell an entire class of real estate owners that this building is more important as a home than it is to, you know, lining your pocketbooks."

Cea Weaver on rent stabilization: " I think rent stabilization and, and rent freeze are just... such an important way to interrupt that cycle of speculation, displacement, and rising rents across the whole entire city. It is the way that we can tell, um, we can tell an entire class of real estate owners that this building is more important as a home than it is to, you know, lining your pocketbooks."

Michelle Tandler

16,317 Aufrufe • vor 7 Monaten

Vice President JD Vance explains why he chose to sit down with the sad cat ladies on The View, even though they hate his guts: “The President’s attitude on this is, and I really do believe this, is 'you go everywhere. You go anywhere to try and take the message'… What I love about this administration is we go everywhere, and The View has a lot of people who watch it. Now, most of them are not sympathetic to the administration. But if every 10 people who watch that show are not fans of ours, but you get the message out to one open-minded person, that was worth it in my view. And that’s how we’re going to win the future, is actually go out and persuade people even in hostile places.”

Vice President JD Vance explains why he chose to sit down with the sad cat ladies on The View, even though they hate his guts: “The President’s attitude on this is, and I really do believe this, is 'you go everywhere. You go anywhere to try and take the message'… What I love about this administration is we go everywhere, and The View has a lot of people who watch it. Now, most of them are not sympathetic to the administration. But if every 10 people who watch that show are not fans of ours, but you get the message out to one open-minded person, that was worth it in my view. And that’s how we’re going to win the future, is actually go out and persuade people even in hostile places.”

Glenn Beck

691,094 Aufrufe • vor 2 Monaten

Zohran Mamdani rent controls will make things worse, New York regulations are the problem “Looking at our friend, Javier Milei, the president of Argentina, he has removed all rent regulation — In a year and a half, supply has increased and rents are down 30%” “You look at New York, for example, without going into too much detail, there's all these policies that are in place to help create more affordable housing. But unfortunately, it's a fundamental misunderstanding of supply and demand. There's a state program, for example, that says, okay, if you build a building that's over a certain number of units, then you have to change these wage structures and you need to have this percentage affordable and all that, and that cap is about 100 units, 100 apartments. So if you look at all of the 100% of the applications under the new program, to build these buildings in New York, 100% of them are 99 units or below. Looking at our friend, Javier Milei, the president of Argentina, he has removed all rent regulation from Argentina and Buenos Aires. In a year and a half, supply has increased and rents are down 30%. That's incredible. In a year and a half, two years, there is 40 to 50,000 by our estimates, vacant apartments in Manhattan that because of rent regulation are not being put onto the market. That's insane. So you could have, by just changing policy, you could increase increase a huge number of units, and you could also bring all these units back online, and you could cut the price of housing in New York, and we don't have to resort to socialism. They're only able to freeze rents on the regulated units, which means the free market rents can float. And also, if you make it impossible under that regime to build more apartments, guess what happens to the price of free market rents? They keep going up. They are going to skyrocket.”

Zohran Mamdani rent controls will make things worse, New York regulations are the problem “Looking at our friend, Javier Milei, the president of Argentina, he has removed all rent regulation — In a year and a half, supply has increased and rents are down 30%” “You look at New York, for example, without going into too much detail, there's all these policies that are in place to help create more affordable housing. But unfortunately, it's a fundamental misunderstanding of supply and demand. There's a state program, for example, that says, okay, if you build a building that's over a certain number of units, then you have to change these wage structures and you need to have this percentage affordable and all that, and that cap is about 100 units, 100 apartments. So if you look at all of the 100% of the applications under the new program, to build these buildings in New York, 100% of them are 99 units or below. Looking at our friend, Javier Milei, the president of Argentina, he has removed all rent regulation from Argentina and Buenos Aires. In a year and a half, supply has increased and rents are down 30%. That's incredible. In a year and a half, two years, there is 40 to 50,000 by our estimates, vacant apartments in Manhattan that because of rent regulation are not being put onto the market. That's insane. So you could have, by just changing policy, you could increase increase a huge number of units, and you could also bring all these units back online, and you could cut the price of housing in New York, and we don't have to resort to socialism. They're only able to freeze rents on the regulated units, which means the free market rents can float. And also, if you make it impossible under that regime to build more apartments, guess what happens to the price of free market rents? They keep going up. They are going to skyrocket.”

Wall Street Apes

38,156 Aufrufe • vor 9 Monaten

Absolutely insane. Wall Street private equity firms are now buying up American mobile home parks and skyrocketing rents up to 60% on people ‌ “These communities have become the target of a new kind of landlord, private equity. Private equity firms are increasingly getting involved. Some of the biggest investors in America have moved into this industry. People living at a local mobile home park outraged over the sharp increase in lot rents. Rents were raised by nearly 60%.” ‌ Resident “I worked for 45 years. There is no American dream anymore. All it is survival.” ‌ “Homes of America has gone on a buying spree spending nearly $300 million to acquire 138 parks across 17 states. They've raised rents and aggressively evicted residents.” and that’s just ONE FIRM buying, there are many more ‌ Resident says “I don't know what I'm gonna do. Hope that I don't wake up tomorrow. Death crossed my mind.” She can only afford one more month of rent ‌ How much more will the American People continue to take?

Absolutely insane. Wall Street private equity firms are now buying up American mobile home parks and skyrocketing rents up to 60% on people ‌ “These communities have become the target of a new kind of landlord, private equity. Private equity firms are increasingly getting involved. Some of the biggest investors in America have moved into this industry. People living at a local mobile home park outraged over the sharp increase in lot rents. Rents were raised by nearly 60%.” ‌ Resident “I worked for 45 years. There is no American dream anymore. All it is survival.” ‌ “Homes of America has gone on a buying spree spending nearly $300 million to acquire 138 parks across 17 states. They've raised rents and aggressively evicted residents.” and that’s just ONE FIRM buying, there are many more ‌ Resident says “I don't know what I'm gonna do. Hope that I don't wake up tomorrow. Death crossed my mind.” She can only afford one more month of rent ‌ How much more will the American People continue to take?

Wall Street Apes

1,278,258 Aufrufe • vor 1 Jahr

Absolutely insane. Wall Street private equity firms are now buying up American mobile home parks and skyrocketing rents up to 60% on people ‌ “These communities have become the target of a new kind of landlord, private equity. Private equity firms are increasingly getting involved. Some of the biggest investors in America have moved into this industry. People living at a local mobile home park outraged over the sharp increase in lot rents. Rents were raised by nearly 60%.” ‌ Resident “I worked for 45 years. There is no American dream anymore. All it is survival.” ‌ “Homes of America has gone on a buying spree spending nearly $300 million to acquire 138 parks across 17 states. They've raised rents and aggressively evicted residents.” and that’s just ONE FIRM buying, there are many more ‌ Resident says “I don't know what I'm gonna do. Hope that I don't wake up tomorrow. Death crossed my mind.” She can only afford one more month of rent ‌ How much more will the American People continue to take?

Absolutely insane. Wall Street private equity firms are now buying up American mobile home parks and skyrocketing rents up to 60% on people ‌ “These communities have become the target of a new kind of landlord, private equity. Private equity firms are increasingly getting involved. Some of the biggest investors in America have moved into this industry. People living at a local mobile home park outraged over the sharp increase in lot rents. Rents were raised by nearly 60%.” ‌ Resident “I worked for 45 years. There is no American dream anymore. All it is survival.” ‌ “Homes of America has gone on a buying spree spending nearly $300 million to acquire 138 parks across 17 states. They've raised rents and aggressively evicted residents.” and that’s just ONE FIRM buying, there are many more ‌ Resident says “I don't know what I'm gonna do. Hope that I don't wake up tomorrow. Death crossed my mind.” She can only afford one more month of rent ‌ How much more will the American People continue to take?

Wall Street Apes

390,713 Aufrufe • vor 6 Monaten

Caleb Hammer explains why rent control doesn’t work “It’s one of those policies that sounds really good and really moral. You want to support it, landlords make less money and people pay less rent. But everywhere it’s been enacted, permitting has dropped significantly, and rents have gone up even faster for the average person, except for the few lucky ones in subsidized housing” “Units go untouched and aren’t maintained at all. I think something like 10-20% of rent controlled units in New York are empty because they can’t be brought up to standard, since it’s not worth investing in. In Massachusetts, rent control was a complete disaster and had to be repealed. In San Francisco, the moment they introduced it, permitting dropped. It just hasn’t worked”

Caleb Hammer explains why rent control doesn’t work “It’s one of those policies that sounds really good and really moral. You want to support it, landlords make less money and people pay less rent. But everywhere it’s been enacted, permitting has dropped significantly, and rents have gone up even faster for the average person, except for the few lucky ones in subsidized housing” “Units go untouched and aren’t maintained at all. I think something like 10-20% of rent controlled units in New York are empty because they can’t be brought up to standard, since it’s not worth investing in. In Massachusetts, rent control was a complete disaster and had to be repealed. In San Francisco, the moment they introduced it, permitting dropped. It just hasn’t worked”

Mikli

1,597,899 Aufrufe • vor 5 Monaten

I now understand better why people voted for Trump - I never realized that the US had become this expensive. These are close to Norway/Switzerland prices, and I don't think they even include tax? My colleague from Miami told me that his rent has gone up from 1500 to 2800 USD since COVID. In the same period, house prices in Finland have gone up around 2%. None of this is of course Biden's fault, and Trump's tariffs will increase prices even further, but still crazy. Video by Janine and Gen

I now understand better why people voted for Trump - I never realized that the US had become this expensive. These are close to Norway/Switzerland prices, and I don't think they even include tax? My colleague from Miami told me that his rent has gone up from 1500 to 2800 USD since COVID. In the same period, house prices in Finland have gone up around 2%. None of this is of course Biden's fault, and Trump's tariffs will increase prices even further, but still crazy. Video by Janine and Gen

Vatnik Soup

408,101 Aufrufe • vor 1 Jahr

Americans can’t survive with the cost of housing and nobody in Congress seems to care American says she’s works full time and doesn’t have a single dollar left over after paying rent and bills, she can’t even afford groceries. “What is the point?” “How are we supposed to survive anymore? I'm sitting here waiting to go into work. I work 40 hours a week. I make $15 an hour, which is better than a lot of other places that I've worked or applied for. And I can't afford anything. I have nothing left over after I pay for rent and my bills and I don't even have a car payment. I don't pay for my phone. My parents still take care of that for me, thank goodness. I'm glad I have parents that still support me in some way. But yeah, so it's like I can't even pay for groceries and what am I supposed to do? I don't want to go into work because I'm not making. I'm not making any money. And what is the point? What is the point? So genuinely, what should I do? Because I don't know how much longer I can do this.”

Americans can’t survive with the cost of housing and nobody in Congress seems to care American says she’s works full time and doesn’t have a single dollar left over after paying rent and bills, she can’t even afford groceries. “What is the point?” “How are we supposed to survive anymore? I'm sitting here waiting to go into work. I work 40 hours a week. I make $15 an hour, which is better than a lot of other places that I've worked or applied for. And I can't afford anything. I have nothing left over after I pay for rent and my bills and I don't even have a car payment. I don't pay for my phone. My parents still take care of that for me, thank goodness. I'm glad I have parents that still support me in some way. But yeah, so it's like I can't even pay for groceries and what am I supposed to do? I don't want to go into work because I'm not making. I'm not making any money. And what is the point? What is the point? So genuinely, what should I do? Because I don't know how much longer I can do this.”

Wall Street Apes

268,118 Aufrufe • vor 1 Jahr

There are some places I can't go to in the North because I'm a member of the APC. Even if you think it doesn't affect you, just wait...it's coming and i am afraid of the storm that is coming. Me: From everything she said, it is clear that the North will not vote APC in 2027.

There are some places I can't go to in the North because I'm a member of the APC. Even if you think it doesn't affect you, just wait...it's coming and i am afraid of the storm that is coming. Me: From everything she said, it is clear that the North will not vote APC in 2027.

EJIKEME🇳🇴🇳🇬

39,814 Aufrufe • vor 6 Monaten

"I have been busy crying since yesterday. In Nigeria, if you don't wake up with stress and anxiety, people think you're not okay. When I first moved to Nigeria, I lived in Ikoyi and paid ₦2.5 million in rent. I later relocated to another apartment where I was paying ₦8 million annually, and the landlord insisted on two years' rent upfront, in addition to legal, caution, and agency fees totaling 10%. Recently, my landlord increased the rent from ₦8 million to ₦14.5 million per year, and I burst into teårs. This is why I keep saying people shouldn't wait until the economy affects them before speaking up, because it will eventually affect everyone. There is flooding everywhere, and now housing costs are becoming unbearable. What is the Lagos State Government doing about landlords and the rising cost of rent?" — Miss Goldilocks speaks out after her landlord increased her rent.

"I have been busy crying since yesterday. In Nigeria, if you don't wake up with stress and anxiety, people think you're not okay. When I first moved to Nigeria, I lived in Ikoyi and paid ₦2.5 million in rent. I later relocated to another apartment where I was paying ₦8 million annually, and the landlord insisted on two years' rent upfront, in addition to legal, caution, and agency fees totaling 10%. Recently, my landlord increased the rent from ₦8 million to ₦14.5 million per year, and I burst into teårs. This is why I keep saying people shouldn't wait until the economy affects them before speaking up, because it will eventually affect everyone. There is flooding everywhere, and now housing costs are becoming unbearable. What is the Lagos State Government doing about landlords and the rising cost of rent?" — Miss Goldilocks speaks out after her landlord increased her rent.

CHUKS 🍥

243,701 Aufrufe • vor 1 Monat

Laura Kuenssberg, "You're emphasising The Greens believe in rent control" Zack Polanski, "People are struggling, feeling the pinch" "One of the groups feeling it the most are renters who are stuck between owning their own house and people who have a council house" "They're stuck in an overinflated market where landlords can charge what they want" "There are 16 European countries that have brought in rent controls, and it has been successful" "The thing to do is to look at where rent control has not worked, and not do that" "Look at where it worked and adopt a similar system" "When Sadiq Khan was running to be Mayor he called for rent control, and said that when we have a Labour government and a Labour Mayor of London, that's what the country needs" "I don't know if people have noticed but there hasn't been much difference, and in many cases things have got worse" "The problem we need to fix are spiralling rents which are becoming more and more expensive"

Laura Kuenssberg, "You're emphasising The Greens believe in rent control" Zack Polanski, "People are struggling, feeling the pinch" "One of the groups feeling it the most are renters who are stuck between owning their own house and people who have a council house" "They're stuck in an overinflated market where landlords can charge what they want" "There are 16 European countries that have brought in rent controls, and it has been successful" "The thing to do is to look at where rent control has not worked, and not do that" "Look at where it worked and adopt a similar system" "When Sadiq Khan was running to be Mayor he called for rent control, and said that when we have a Labour government and a Labour Mayor of London, that's what the country needs" "I don't know if people have noticed but there hasn't been much difference, and in many cases things have got worse" "The problem we need to fix are spiralling rents which are becoming more and more expensive"

Farrukh

61,082 Aufrufe • vor 6 Monaten

If you haven’t be to San Diego recently, you have no idea how bad it’s gotten under Democrats California resident “I've lived here for almost 10 years now — I have just seen downtown San Diego rapidly decline — The homeless have always been there. It's always been an issue, but it hasn't been as big of an issue as it is now, there is human feces, piss and shit all over downtown. It is not getting cleaned up. It is not” “Needles everywhere, drug bags everywhere. It is a dump. The city has a stench to it that I can't even, I literally can't even explain it — This just getting absolutely ridiculous — The city is f*cking nasty and the homeless are, they're literally dying in front of us. Like, it's just, it's crazy to me. It is absolutely crazy and it's like a humanitarian issue”

If you haven’t be to San Diego recently, you have no idea how bad it’s gotten under Democrats California resident “I've lived here for almost 10 years now — I have just seen downtown San Diego rapidly decline — The homeless have always been there. It's always been an issue, but it hasn't been as big of an issue as it is now, there is human feces, piss and shit all over downtown. It is not getting cleaned up. It is not” “Needles everywhere, drug bags everywhere. It is a dump. The city has a stench to it that I can't even, I literally can't even explain it — This just getting absolutely ridiculous — The city is f*cking nasty and the homeless are, they're literally dying in front of us. Like, it's just, it's crazy to me. It is absolutely crazy and it's like a humanitarian issue”

Wall Street Apes

312,355 Aufrufe • vor 6 Monaten

Maxine Waters is wrong. Here the proof: 1. Harvard Joint Center for Housing Studies – Analysis of the recent immigrant surge finds that immigration (documented + undocumented) added significantly to pandemic‑era household formation and housing demand, especially in certain metros, putting upward pressure on rents and prices. 2. Congressional testimony on illegal immigration and rents – Stephen Camarota’s 2024 testimony to the House Oversight Committee concludes that higher immigrant shares in a metro are associated with about a 12% increase in the average U.S.‑born household’s rent relative to income, and argues there is “very good reason to believe” illegal immigration has driven up rents and reduced affordability in high‑immigration areas. 3. Cato analysis (summarizing peer‑reviewed work) – Economists using shift‑share instruments find that an immigration inflow equal to 1% of a city’s population is associated with roughly a 1% increase in rents and housing values, with the housing‑market effect “an order of magnitude bigger” than the labor‑market effect. In places like Springfield, Ohio, JD Vance’s example, a migrant influx coincided with a 101% jump in single‑family home prices from 2019–2024, versus 46% nationwide. 4. FAIR: “Housing Affordability is an Immigration Issue” – FAIR compiles research arguing that immigration, including illegal immigration, is a primary force sustaining high housing prices in many U.S. markets and emphasizes that rapid population inflows strain limited housing supply. Scott Bessent is a savage. I love him.

Maxine Waters is wrong. Here the proof: 1. Harvard Joint Center for Housing Studies – Analysis of the recent immigrant surge finds that immigration (documented + undocumented) added significantly to pandemic‑era household formation and housing demand, especially in certain metros, putting upward pressure on rents and prices. 2. Congressional testimony on illegal immigration and rents – Stephen Camarota’s 2024 testimony to the House Oversight Committee concludes that higher immigrant shares in a metro are associated with about a 12% increase in the average U.S.‑born household’s rent relative to income, and argues there is “very good reason to believe” illegal immigration has driven up rents and reduced affordability in high‑immigration areas. 3. Cato analysis (summarizing peer‑reviewed work) – Economists using shift‑share instruments find that an immigration inflow equal to 1% of a city’s population is associated with roughly a 1% increase in rents and housing values, with the housing‑market effect “an order of magnitude bigger” than the labor‑market effect. In places like Springfield, Ohio, JD Vance’s example, a migrant influx coincided with a 101% jump in single‑family home prices from 2019–2024, versus 46% nationwide. 4. FAIR: “Housing Affordability is an Immigration Issue” – FAIR compiles research arguing that immigration, including illegal immigration, is a primary force sustaining high housing prices in many U.S. markets and emphasizes that rapid population inflows strain limited housing supply. Scott Bessent is a savage. I love him.

Insurrection Barbie

13,585 Aufrufe • vor 6 Monaten

Billionaire hedge fund manager Bill Ackman says “Socialism is a disaster” He explains the real reason housing is so expensive in New York City is because Democrat mayors for years have made building new housing near impossible “Why is the cost of housing so high in New York City? Because unfortunately, left-wing mayors have made it very difficult for developers to build in New York City. Zohran Mamdani, when he's freezes rents, he's just going to make the problem worse. There are buildings in New York City, many, many buildings in New York City, where half the tenants, plus or minus, are rent-stabilized apartments, and so their rent is frozen, and the other half are free market. And so what does the landlord do in order to generate enough cash flow to cover his interest expense? Well, he's gonna raise rents 'cause he can't raise them on half the apartments” “We can fix a lot of these problems with much better policy. Look at Florida. Florida's an incredibly well-managed state. They're talking about eliminating, I think they voted recently to eliminate real estate taxes. How are they able to do that? Just good policy” “You want the Ken Griffins of the world to locate Citadel here. You want him to spend $250 million dollars in apartment. Why? Because that $250 million dollar purchase made that building economically viable — You want to have the Elon Musks of the world, but you don't wanna discourage Elon Musk from locating his business here” This is what Democrats don’t understand, regulations and insane taxes are killing initiatives to build new housing developments I ran a comparison and found when you take into account all the taxes, permits and fees. It would cost 4x more to build an apartment complex in NYC vs a place like Orlando Florida

Billionaire hedge fund manager Bill Ackman says “Socialism is a disaster” He explains the real reason housing is so expensive in New York City is because Democrat mayors for years have made building new housing near impossible “Why is the cost of housing so high in New York City? Because unfortunately, left-wing mayors have made it very difficult for developers to build in New York City. Zohran Mamdani, when he's freezes rents, he's just going to make the problem worse. There are buildings in New York City, many, many buildings in New York City, where half the tenants, plus or minus, are rent-stabilized apartments, and so their rent is frozen, and the other half are free market. And so what does the landlord do in order to generate enough cash flow to cover his interest expense? Well, he's gonna raise rents 'cause he can't raise them on half the apartments” “We can fix a lot of these problems with much better policy. Look at Florida. Florida's an incredibly well-managed state. They're talking about eliminating, I think they voted recently to eliminate real estate taxes. How are they able to do that? Just good policy” “You want the Ken Griffins of the world to locate Citadel here. You want him to spend $250 million dollars in apartment. Why? Because that $250 million dollar purchase made that building economically viable — You want to have the Elon Musks of the world, but you don't wanna discourage Elon Musk from locating his business here” This is what Democrats don’t understand, regulations and insane taxes are killing initiatives to build new housing developments I ran a comparison and found when you take into account all the taxes, permits and fees. It would cost 4x more to build an apartment complex in NYC vs a place like Orlando Florida

Wall Street Apes

45,727 Aufrufe • vor 13 Tagen

Real Estate Property Manager says property taxes are so high in New York City, even after raising rents to $3,200 per month he only nets $500 of profit off each unit “I finished the building, I got the tax bill, $26,000. Here I am 5 years later, it's $40,000 a building Three families. So I had to raise the rents to $3,200 because I have an apartment and a half just for the taxes and the water bill. The other apartment and a half, remember it's 3, pays the mortgage and pays the insurance I net 500 on each brand new building. That's not business. No, it's a disaster.” “I'll give you one more. I got a building that I first started in Bay Ridge, 20 family house. All right. I renovated it. I fixed it up and I made it still affordable. When I first bought the building, it was $32,000. Five years later, it's $78,000” Property taxes are out of control and driving up rent prices

Wall Street Apes

1,342,243 Aufrufe • vor 8 Monaten