The U.S. Will Become A Nation of Renters

RoadRage

the voice of reason
BGOL Investor
Do you mean soy beans, please mean, soy beans
I wish, they gays won, and now there are only 10 percent of us straight men left to fuck 100 percent of the women, Oh if forgot, they found a cure for ugly and fat, so all of the women are dimes.
 

xfactor

Rising Star
BGOL Investor
This is what happens when you don’t vote properly. Democrats are willing to put a bill out here to prevent this, but the Republicans are not going to do shit about this because they the ones made this possible.
Bro is a pathological liar

:smh:
 

850credit

Rising Star
BGOL Investor
Biden will go down as a historically bad President and his incompetent cabinet will make it easier for a dullard like Trump look successful.

By 2030, most people will be priced out of attaining financial freedom in the US

I'd say that's true right now.

Most defined as over 50 percent...
No way 51 percent of Americans are financially free.
 

850credit

Rising Star
BGOL Investor
Biden will go down as a historically bad President and his incompetent cabinet will make it easier for a dullard like Trump look successful.

By 2030, most people will be priced out of attaining financial freedom in the US

And that is why I'm focusing on real estate in my portfolio
 

850credit

Rising Star
BGOL Investor

The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000

A recent report from the Aspen Institute highlights the gaping wealth chasm that has formed between homeowners and renters in America.

The median homeowner in America has a net worth of $400,000 as of 2022, the most recent data available, while the median renter’s net worth is just $10,400, according to the report.

That means the typical homeowner has almost 40 times as much wealth as the typical renter.
 

Da Backshot Champ

Rising Star
Registered

The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000

A recent report from the Aspen Institute highlights the gaping wealth chasm that has formed between homeowners and renters in America.

The median homeowner in America has a net worth of $400,000 as of 2022, the most recent data available, while the median renter’s net worth is just $10,400, according to the report.

That means the typical homeowner has almost 40 times as much wealth as the typical renter.
Either you are the fucker or fuckee, you choose motherfucker. In NYC you can now build a guest house on your property if you have enough space.

I know motherfuckers out in Queens are going to be building little "fuck cribs" and rent them shits out as 24 hrs. hot sheet motels.

A bunch of unwanted traffic, but the neighbors must understand you have a mortgage due and you provide condoms upon request.
 

Politic Negro

Rising Star
BGOL Investor
Got this FB post from a reputable source:

"
Section 8 rental housing providers: I was just in a very interesting conference call with our local housing authority, and found out the following:
1. The funding for the program has been cut y 17%. Yes, this is a Biden-era cut.

2. As a result, rent reasonableness in lower income areas has been revisited, and it's probable that the rents you've been getting from the program will be lowered significantly going forward.

3. Here, owners will be asked to LOWER rents by 15% on existing contracts. In addition, as many as 1500 local contracts will be ended--in the case of Cincinnati, through random selection. Participants who are elderly or disabled will not be included in the 'random selection'.
3. Apparently, most housing authorities have had both reserves and the ability to apply for emergency funds in the past. Most have both run through those reserves and have already gotten the emergency funds for the quarter.
4. At least locally, voucher holders have not yet been made aware of this.
This is NOT a local issue--it's national, though some housing authorities might have access to other sources of funds and not feel the cuts as deeply, and others may find their 'cuts' in different ways.
If you've heard how your local Housing Authority is dealing with this, please let us know."

Also
470571874_10212517125919556_2301947123199751978_n.jpg
 

jack walsh13

Jack Walsh 13
BGOL Investor

To me, it just doesn't pay to rent. For what I'm paying in rent I'd rather be able to do what I want in the place I live. Thing is, prices are going up so much, you gotta have a partner to really be able to get ahead. So muthafuckas better work out their issues and stick together if you talkin about home rennovations, upgrades and things of that nature.






mQIEki.jpg
 

totto

Rising Star
BGOL Investor
Thread title needs to be updated to…

The U.S. Will Become A Nation of Homeless​



I was considering this actually, wanted to buy a cheap Rav4 and give it a test run.

This is gonna be very big, expect the government to force some large businesses to open the parking lot and allot restroom access, walmart had to do this back in the day but fought to change that rule.
 

blackbull1970

The Black Bastard
Platinum Member
Rent In Los Angeles Going Up In 2025

Many Los Angeles tenants face significant rent increases this year, with rent-controlled properties capped at 4% and non-rent-controlled buildings up to 8.9%.

 

850credit

Rising Star
BGOL Investor
I own units and i just find it so hard to raise the rent on them. i know im stupid, but i feel it for them.

I would raise rent but 1 guy maintains the place so I don't have to. The other side pays on time and ahead of time.

I don't want them to start looking around because I raised rent 25 dollars.
 
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DragonXJC

I joke and I know things
BGOL Investor
There will be no rent for many if Trump's diabolical plans for America keep going.
I think company towns will become a thing again luring the poor with "no rent" if they live on-site.
Imagine Tesla and Amazon towns.
Trumps idea of "great again" is pre-1920s Industrial Revolution America with tariffs and heavy domestic industry.
Dark times are ahead*


company-towns-Alabama-1937.jpg


*These are not facts just observations and pattern recognition that I want to put in writing and see if it really happens. I hope I'm wrong.
 

Sango

Rising Star
Platinum Member
Got this FB post from a reputable source:

"
Section 8 rental housing providers: I was just in a very interesting conference call with our local housing authority, and found out the following:
1. The funding for the program has been cut y 17%. Yes, this is a Biden-era cut.

2. As a result, rent reasonableness in lower income areas has been revisited, and it's probable that the rents you've been getting from the program will be lowered significantly going forward.

3. Here, owners will be asked to LOWER rents by 15% on existing contracts. In addition, as many as 1500 local contracts will be ended--in the case of Cincinnati, through random selection. Participants who are elderly or disabled will not be included in the 'random selection'.
3. Apparently, most housing authorities have had both reserves and the ability to apply for emergency funds in the past. Most have both run through those reserves and have already gotten the emergency funds for the quarter.
4. At least locally, voucher holders have not yet been made aware of this.
This is NOT a local issue--it's national, though some housing authorities might have access to other sources of funds and not feel the cuts as deeply, and others may find their 'cuts' in different ways.
If you've heard how your local Housing Authority is dealing with this, please let us know."

Also
470571874_10212517125919556_2301947123199751978_n.jpg
Not debating but sharing additional information.

"In 2022, Biden asked Congress for an additional $1.5 billion for housing vouchers, enough to help an additional 200,000 households. Congress approved $200 million for 25,000 new vouchers.

In 2023, Biden again requested an additional $1.5 billion for the vouchers and Congress approved $130 million, enough to fund 11,700 new vouchers. In 2024, Biden requested an additional $565 million, and Congress approved $45 million, enough for 3,000 new vouchers.

Sonya Acosta, a senior policy analyst at the Center on Budget and Policy Priorities, a think tank, said the additional vouchers have helped families, but data shows that about three-quarters of renters with low incomes — approximately 18 million households — do not get the assistance they need. In 2021, the organization found that families typically wait years before receiving vouchers, mainly due to limited funding."

What are the options towards a rightful solution when Congress ain't fucking with you? The cycle continues.
 

easy_b

Easy_b is in the place to be.
BGOL Investor
Yep, this is going to happen with Trump foolishness right now because a lot of these people he want to get rid of from Federal jobs are not going to be working for a minute. Other corporations outside of the government downsizing and like hell, so yeah, it’s going to be problems in the near future
 
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