The first answer I have for most of these people I hear going on and on about rent is to move. It's even easier for this chick or dude or whatever, they are a lawyer that's not exactly a service that has no value elsewhere. There are loads and loads of places that aren't $3,600 a month in the country.
The 3 bedroom house I own rents out for $1,350 a month. Yeah it's not the most exotic location and it's in the most boring flyover of flyover country, but it's only 5 years old and while I don't personally manage it I've never skimped my property manager on maintenance money. I also still make money on it.
That's the other answer I have. Landlords are not a charity for you. Buy your own damn property.
The point you're missing is that this isn't happening just in the big cities, it's spreading elsewhere and it's deliberately engineered. I know for a fact that anybody who makes this claim hasn't done proper research on the housing market and likely hasn't looked at housing prices in the past 10 years if that and done any comparisons. It's actually kind of amazing how bad the takes are on this site lately with this kind of thing because even on Gab the boomers are starting to get it and I respect them for that.
As an example, in my country you could go to the most shithole areas and any kind of finished house you'd want to live in is going to cost £100,000 at a minimum. The others are all on auction so you'll be in a bidding war against investors who have several times the amount than you. The only places that are remotely affordable will be literal ghost towns and that also means you'd have to invest in extra money on top of even buying the house to get the infrastructure even functional and organise a deal with the local utility companies.
This is of course also assuming you even have the luxury of living where you want. Many people are going to be stuck where they are depending on their employment which is another point she was trying to make that you completely ignored. You don't want to know the sort of maths I'm looking at if I decided to rent out my own property just now which I looked up out of curiosity, you'll throw up.
Edit: Honestly the rent you're charging for a house kind of illustrates the point, $1,350 is pretty ridiculous though I suppose you can somewhat justify it if they're getting full use of the house for a month. Plenty of landlords now are renting per room and squeezing as many people in as they can thanks to mass migration. It really isn't just out of touch morons trying to live in San Francisco, even people who are being sensible and reasonable are struggling to find anywhere. I got fucking lucky with my property even by market standards because the real estate agent fucked up selling the house.
The first answer I have for most of these people I hear going on and on about rent is to move. It's even easier for this chick or dude or whatever, they are a lawyer that's not exactly a service that has no value elsewhere. There are loads and loads of places that aren't $3,600 a month in the country.
The 3 bedroom house I own rents out for $1,350 a month. Yeah it's not the most exotic location and it's in the most boring flyover of flyover country, but it's only 5 years old and while I don't personally manage it I've never skimped my property manager on maintenance money. I also still make money on it.
That's the other answer I have. Landlords are not a charity for you. Buy your own damn property.
The point you're missing is that this isn't happening just in the big cities, it's spreading elsewhere and it's deliberately engineered. I know for a fact that anybody who makes this claim hasn't done proper research on the housing market and likely hasn't looked at housing prices in the past 10 years if that and done any comparisons. It's actually kind of amazing how bad the takes are on this site lately with this kind of thing because even on Gab the boomers are starting to get it and I respect them for that.
As an example, in my country you could go to the most shithole areas and any kind of finished house you'd want to live in is going to cost £100,000 at a minimum. The others are all on auction so you'll be in a bidding war against investors who have several times the amount than you. The only places that are remotely affordable will be literal ghost towns and that also means you'd have to invest in extra money on top of even buying the house to get the infrastructure even functional and organise a deal with the local utility companies.
This is of course also assuming you even have the luxury of living where you want. Many people are going to be stuck where they are depending on their employment which is another point she was trying to make that you completely ignored. You don't want to know the sort of maths I'm looking at if I decided to rent out my own property just now which I looked up out of curiosity, you'll throw up.
Edit: Honestly the rent you're charging for a house kind of illustrates the point, $1,350 is pretty ridiculous though I suppose you can somewhat justify it if they're getting full use of the house for a month. Plenty of landlords now are renting per room and squeezing as many people in as they can thanks to mass migration. It really isn't just out of touch morons trying to live in San Francisco, even people who are being sensible and reasonable are struggling to find anywhere. I got fucking lucky with my property even by market standards because the real estate agent fucked up selling the house.
The people here are generally fine but yeah it's a bit boomercon at times. Day of the pillow when etc