Census Bureau: 3.8 Million Americans Will Likely Be Evicted in Next Two Months #BidenEffect
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (10)
sorted by:
The article doesn't state the obvious reasons for the rent increases. TAXES and INSURANCE RATES are increasing costs to landlords, in addition to costs of maintenance (labor and materials) are increasing.
In my area of NE Houston, housing taxes (county, school district and utilities district) have increased by about 50% over the past 2-years. For a decent size rental house, the cost in taxes went from (for example) $6,000 per year up to now being $9,000 per year. Increase of $3,000 per year in taxes = $250 per month increase in rent cost.
Property Insurance also went up by about $200 per month. Cost of basic maintenance (labor and materials) easily increased by about $150 per month for just basic repairs and upkeep.
All totaled, it's not a landlord's fault that rental prices increase by $600 per month over the past 2-years. That's life. That's just keeping up with expenses.
If the cities or counties want rental prices to stop increasing... then STOP INCREASING TAXES. That would help.
Taxes are being raised due to INFLATION - which is properly defined as the cabal artificially increasing the money supply - which is the ULTIMATE TAX.
Inflation is LEGAL (but not LAWFUL) THEFT.