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451,821 Views • Apr 4, 2024 • Click to toggle off description
Professor of urban planning Kate Nelischer answers your questions about real estate and the US housing crisis from Twitter. Why does rent increase every year?

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RYD date created : 2024-09-26T14:44:07.857749Z
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690 Comments

Top Comments of this video!! :3

@hashpond420

7 months ago

They don't charge more because of upgrades, they're not upgrading anything. They charge more because they can.

921 |

@reem3266

7 months ago

Hot take: if majority of housing is luxury, that’s not luxury anymore. That’s average housing.

2.6K |

@julianaherrera308

7 months ago

Normal housing is a luxury at this point. I can tell you why your salary doesn't increase with rent costs in one word: Greed.

317 |

@NoteCat540

7 months ago

Isn't the problem the fact that housing is seen as an investment instead of you know...Just housing?

653 |

@mr.e3123

7 months ago

Corporations have no business being in Residential Districts.

1.4K |

@victorlinares4137

7 months ago

The lower end housing is real af. I live in nyc and as a single college student im fine with a literal hole in the wall but they dont exist anymore. All the new buildings in my area are either fancy or for business

53 |

@kuenythiluang25

7 months ago

Everything is ‘Luxury’ in our low quality world

106 |

@thepain321

7 months ago

Landlords want more because they are in control of the price. Businesses don’t increase pay for the same reason. They set the price.

130 |

@TheBlackJello

7 months ago

That should be illegal

1.7K |

@yyyyyk

7 months ago

Here's one of the dictionary definitions of the word "Luxury":
"Something that is not essential but provides pleasure and comfort"

Housing IS essential!
Affordable housing should be one of the government's responsibilities, or at least legislating against corporations turning it into a for-profit industry!

78 |

@TerraGlide

7 months ago

Corporations ruin everything.

26 |

@scroogemcduckrich9705

7 months ago

housing shouldn’t be allowed to be corporatized

344 |

@jonathanallen6938

7 months ago

Or…… land lords don’t do jack and still raise the price every year because f you, that’s why.

296 |

@tradeprosper5002

7 months ago

We need more coop rentals.

20 |

@mania.v

7 months ago

Seeing that in a graph form totally crushed me.. What a terrible world to live in.

103 |

@wocathoden

7 months ago

Let me translate; because people are greedy, and they have no shame.

35 |

@RoachChaddjr

7 months ago

Happening in Europe too. We all need to get out and fight it

39 |

@TheFinanceEdition

7 months ago

They should cover this with how the products required to upkeep rentals have gone up over that time. Income and Rent is not the comparison. It's Rent vs Costs increasing.

2 |

@aprotosis

7 months ago

In Economics terms, Housing an Inelastic Good. Demand doesn't change with cost because it is tied to human survival. Like food, water, healthcare, etc. There is no price we won't pay to live. They would jack the prices more if they can, but they need to manufacture consent, otherwise the people tend to rise up.

This is why companies in these sectors will look for any excuse and beat that drum, even if it doesn't make sense as long as it gives an good enough excuse for the majority to give consent. Like when minimum wage increases are voted in and restaurants will raise prices immediately, even if it doesn't go into effect for years. It just has to sound convincing to most of us and, let's be frank... most of us are rubes.

7 |

@alexthejew420

7 months ago

THAT GRAPH IS INSANE !! THIS NEEDS TO CHANGE WTF?????

5 |

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