A wave of young Americans, who originally sought out first-time home buying, are now being forced to continue to rent due to market pressures. NBC’s Steve Patterson explains how these economic burdens are leaving renters without many options in addition to ratcheting up tensions with landlords.
» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
NBC News App: https://smart.link/5d0cd9df61b80
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
Get more of NBC News delivered to your inbox: nbcnews.com/newsletters
#NBCNews #Rent #Homebuying
source
Because the tenants have not paid rent for 3 years with support from states and cities. Due process, no complaining please.
600 dollar increase! HOW is that LEGAL!?!?
Lol y’all renters can’t buy a house if rent is too expensive
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
CheapRVLiving = best channel on YT. 🎉
Bummer. Must be Urnj Murn Burd.
Working class screwed again
Private equity firms are slowly buying up a lot of properties and becoming America's land lord. There's even interviews on CNBC where they talk about millennial preferring to rent and it's effectively 'hip' to do so. I think everyone can agree that ownership of property is the only path to build wealth especially since retirement relies on this cost being removed from your life as a retire. This is an issue that needs government intervention. Instead Biden will grand stand on useless gun control executive actions, the Supreme Court will overturn Roe v Wade, and well the house is all but useless. Write your representatives today and tell them to legislate private equity out of the housing market.
The economy was rigged for the baby boomers. This isn’t a banking problem. Who owns the most wealth and assets? Who are the bankers? Stop using broad terms. Who owns all the houses? Who owns the majority of the stocks and the ownership in investment funds? Who is running the govt and has been for
50 years? The baby boomers are going to go down as the most selfish and worst generation in human history
Typical story. Average Joe gets squeezed no matter what.
Buy a tent ⛺️ & a portable toilet 🚽 if you can’t buy a cheap self contained rv 🎉
High rent keeps the riff raff out.
Remote workers need to be paid based on their location. We need to control these tech jobs wages that destroy local economies
Wrong few buyers means more houses converted to rentals which make rent lower
American greed.
Millions of illegals flooding Country they will move into places and rents will go up – mostly the poor will be effected
The millions and millions of immigrants that the democrats are ushering in each year are pushing up rents more than anything.
In Indianapolis private equity vampires like ALPINE have hoovered up hundreds of affordable starter homes and will not even take your call to inquire about a property until you pay their application fee. Its Pay-to-Play, and you have to pay CASH and turn over all your personal information to even ask a question about whether they will accept pets or not. Its isn't just shameful. It should be criminal.
My rent went up $250 more
My last lease stated rent would not increase more than 3% each year. It couldn’t go up more than this and was a big relief.
The NBC ANCHOR SOUNDS LIKE A TV GAME SHOW HOST.
TO THE MEDIA THIS IS JUST A STORY..
In poor areas of the southwest, illegal aliens are flooding in and creating increasing upward pressure on rental supply. Some places have doubled over the last couple of years. Some cities are now above 20% population of illegals.
This is horrible for renters; I am thankful that I don't have to pay rent/mortgage anymore.
That’s why I converted a cargo van in 2020 and moved into it. F the wealthy property hoarders (some are foreign nationals … Chinese) and the government that protects them. Our government (Democrats) are failing US citizens.
Meanwhile we have open borders
fReE MaRKeTtttTtTTtT
Homelessness is at an all time high and the situation is not slowing down. Everything is expensive not just housing.
Tell the politicians to ban these corporations from buying up homes to increase profits for themselves to rent out to tenants