The TRUTH About Evictions Rising
Published: 2024-07-28
Status:
Available
|
Analyzed
Published: 2024-07-28
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The White House is considering proposing a rent cap for landlords.
"the White House is looking to propose a rent cap for landlords"
Pending
President Biden is proposing revoking tax breaks for corporate landlords who increase rent by 5% or more annually.
"President Biden made a splash this week by calling on Congress to revoke lucrative tax breaks from corporate landlords that raise the rent by 5% or more a year"
Pending
Evictions are rising in the Sun Belt region, particularly in the Southwestern United States.
"evictions have been rising in the Sun Belt primarily in the southwest part of the United States"
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Eviction filings in six major cities have increased by 35% or more compared to pre-2020 levels.
"eviction filings over the past year in half a dozen cities are up 35% or more compared with pre-2020 Norms"
Pending
Implementing rent caps may hinder the creation of new housing supply and reduce competition among landlords, potentially affecting the quality and quantity of rental properties.
"if you Cap Supply creation you cap the ability to build real competition in the markets because that can affect the quality of rental properties in your area because if you don't have competition landlords going have to try to compete against each other and that can also affect the quantity of rental properties in your area"
Pending
Rental rates have increased by approximately 29.4% since the pandemic began.
"rental rates have gone up by around 29.4% since the pandemic"
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Overall eviction rates in the country are currently lower than pre-pandemic levels.
"evictions are actually lower today than what they were before the pandemic"
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A lack of competition in the rental market, potentially exacerbated by rent caps, could negatively impact the quality and quantity of available rental properties.
"if you don't have competition landlords going have to try to compete against each other and that can also affect the quantity of rental properties in your area"
Pending
In the first five months of the year, 422,000 eviction filings were recorded across 33 cities and 10 states, a slight decrease from pre-pandemic norms.
"the first 5 months of the year had about 422,000 eviction filings across the 33 cities and additional 10 states that were tracked which is down slightly from prepandemic norms"
Pending
A 5% rent cap may still allow landlords to increase rental prices beyond the rate of inflation.
"these rent caps are also still at around 5% Which is higher than what inflation is so something you want to think about that even if it is a 5% rent cap that still means that a lot of landlords are raising the rental prices by higher than what inflation actually is"
Pending
Rental prices have experienced significant growth.
"rental prices have been booming"
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A proposed rent cap aims to address corporate landlords increasing rent by 5% or more annually, potentially by revoking tax breaks.
"the White House is looking to propose a rent cap for landlords let me just read you what the proposal is President Biden made a splash this week by calling on Congress to revoke lucrative tax breaks from corporate landlords that raise the rent by 5% or more a year"
Pending
Rental rates have increased by over 30%.
"rental rates have gone up by more than 30%"
Pending
Eviction filings in several major cities have increased by over 35% compared to pre-2020 levels.
"eviction filings over the past year in half a dozen cities are up 35% or more compared with pre-2020 Norms"
Pending
President Biden proposes revoking tax breaks for corporate landlords who increase rents by 5% or more annually.
"the proposal is President Biden made a splash this week by calling on Congress to revoke lucrative tax breaks from corporate landlords that raise the rent by 5% or more a year"
Pending
Rental rates have increased by approximately 29.4% since the start of the pandemic.
"since the pandemic rental rates have gone up by around 29.4%"
Pending
Implementing rent caps may reduce the incentive or demand for new housing construction.
"if you Cap the rents then what happens is you have less incentive or demand to potentially build"
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Continued profit potential for developers could lead to increased housing construction and potentially an oversupply of housing.
"if developers keep seeing more more profit they keep building building building that could eventually lead to over Supply"
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The cost of construction has significantly increased over the past five years.
"it costs a lot more money to build today than what it did 5 years ago"
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Rising prices in the rental market can attract competitors, leading to increased competition and potentially lower prices.
"now when you have the price of an item going up competitors look at this and they say huh there's a lot of money to be made here and that then drives in competition which helps lower prices"
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Purchasing apartment complexes has become more expensive compared to five years ago.
"it costs a lot more money to purchase an apartment complex today than it did 5 years ago"
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A shortage of housing supply coupled with high demand will drive up rental prices.
"what do we talk about here supply and demand when you have not enough Supply and a lot of demand the prices of this thing go up"
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To justify purchasing an apartment complex with a 7% interest rate, the rental income must cover increased expenses (taxes, insurance, maintenance, management) and provide a profit.
"if I'm paying 7% interest I better see enough money coming in from this property to cover all the expenses the higher property taxes the higher Insurance the higher maintenance cost the higher management fees and put some money in my pocket for it to justify my purchase price"
Pending
Rent caps that limit supply creation could also restrict the development of genuine competition within the housing market.
"if you Cap Supply creation then you also cap the ability to potentially have any sort because if you Cap Supply creation you cap the ability to build real competition in the markets"
Pending
Increased housing supply is necessary to see a cooling in rental prices or even price growth.
"to see a cooling in prices or even price growth would be to have more Supply being built"
Pending
Restricting new housing supply can limit the development of genuine market competition.
"if you can't cap the supply creation then you also cap the ability to potentially have any sort because if you Cap Supply creation you cap the ability to build real competition in the markets"
Pending
To understand the long-term impact of rent caps, one must first analyze the underlying causes of rental market issues, such as supply and demand imbalances.
"but then you have to look at the long-term implication of this because now you have to understand well what is causing the rental issues in the first place well what do we talk about here supply and demand"
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Proposed rent caps of around 5% are still higher than the current inflation rate.
"these rent caps are also still at around 5% Which is higher than what inflation is"
Pending
The current rental market is characterized by a scarcity of available properties and a high number of prospective tenants.
"we're in a market where there's not that many rentals available and you have a lot of tenants that want to rent these properties"
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Even with a 5% rent cap, many landlords are increasing rental prices at a rate exceeding inflation.
"even if it is a 5% rent cap that still means that a lot of landlords are raising the rental prices by higher than what inflation actually is"
Pending
The housing market operates in cycles of underbuilding and overbuilding; sustained developer profits can lead to increased construction and potentially an oversupply.
"you go through phases of underbuilding and overbuilding under Supply over Supply and if developers keep seeing more more profit they keep building building building that could eventually lead to over Supply"
Pending
Rent caps are being discussed as a potential measure to impact the rental market.
"rent cap"
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A free virtual investor summit will be held in 2024 to discuss changes in money over the last 50 and 5 years, and to explore new investment strategies for wealth building in the current economy.
"this year 53 years later I'm hosting a live free and virtual investor Summit where I'm going to be going over how our money has changed not just over the last five decades but also over the last 5 years and more importantly I'm going to be going over how you can find new investment strategies in this changing economy to build wealth today in 2024"
Pending
Rent caps can provide tenants with a sense of security by limiting the possibility of significant rent increases.
"when you my rent caps they give tenants a little bit of comfort knowing that I'm not going to get a huge rent increase next year"
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The speaker subjectively believes rental rates have increased by more than 30% since the pandemic.
"personally I think rental rates have gone up by more than 30%"
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Landlords are hesitant about rent caps because they prevent them from raising rents to market value, especially when market rates significantly increase.
"landlords don't like the idea of a rent cap because well if the market goes up from $1,000 a month to $2,500 a month they want to be able to raise the rent to $2,500 a month but if you can't do that"
Pending
Continuous profit potential for developers could lead to overbuilding and an oversupply of housing.
"if developers keep seeing more more profit they keep building building building that could eventually lead to over Supply"
Pending
An oversupply of rental properties would give tenants numerous options and increased negotiating power due to low occupancy.
"over Supply means that well you as a tenant have 25 different options as to where to rent because nobody's renting you have a lot of opportunities"
Pending
In an oversupplied market, tenants would have more leverage on pricing as landlords would be eager to secure tenants to cover costs.
"you as a tenant have more wiggle room when it comes to price because every landlord wants you to pay them money because now they're the ones that are bleeding cash today"
Pending
Achieving an oversupply of rental properties relies on continuous construction driven by perceived profit potential for landlords.
"the only way to have the over Supply is if landlords are saying we're going to keep building and we're going to keep building and the only way they're going to keep building is if they see the profit potential"
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Reduced profit potential due to government policies might disincentivize developers from building new housing, given the costs involved.
"if the same profit potentials are not there because it cost money to build"
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Increasing the supply of rental properties is the only way to achieve a cooling of prices or price growth.
"the only way to see a cooling in prices or even price growth would be to have more Supply being built"
Pending
A lack of competition among landlords could negatively impact the quality and quantity of available rental properties.
"if you don't have competition landlords going have to try to compete against each other and that can also affect the quantity of rental properties in your area"
Pending
Inflation is identified as a factor influencing investment performance.
"inflation is impacting Investments"
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Interest rates are identified as a factor influencing investment performance.
"the interest rates are impacting Investments"
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A slowing economy is identified as a factor influencing investment performance.
"the slowing economy is impacting Investments"
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Strategies for wealth building in the current economic climate will be discussed.
"how you can build wealth in today's economy"
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An analysis of how money has evolved over the past five decades and specifically the last five years will be presented.
"how our money has changed not just over the last five decades but also over the last 5 years"
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Methods for discovering new investment strategies in a dynamic economy will be explored.
"how you can find new investment strategies in this changing economy"
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The presentation will cover how to identify new investment strategies in the evolving economy to build wealth in 2024.
"we're going to be going over how you can find new investment strategies in this changing economy to build wealth today in 2024"
Pending
The cost of goods and services is increasing across the board.
"everything is more expensive"
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The expenses associated with food and general living costs are rising.
"higher eating costs Higher Living costs"
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Construction costs have risen significantly compared to five years ago.
"it costs a lot more money to build today than what it did 5 years ago"
Pending
The price of acquiring apartment complexes has increased substantially over the last five years.
"it costs a lot more money to purchase an apartment complex today than it did 5 years ago"
Pending
Property taxes, insurance, maintenance, and management fees have all increased.
"higher property taxes the higher Insurance the higher maintenance cost the higher management fees"
Pending
Increased costs associated with property ownership will be passed on through higher rental prices.
"the cost of that is going to be paid for by higher rental prices"
Pending
Rent increases are exceeding the current rate of inflation.
"even higher than what inflation is"
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401(k)s are the most widely used investment vehicle in the US.
"401ks are the most popular investment vehicle in the United States"
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A significant portion of Americans lack understanding of how 401(k)s function.
"most Americans have no idea of how they work"
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The presentation will cover five essential points regarding 401(k)s.
"I'm going to be going over five things you need to understand about your 401k"
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