Comments by "Deborah Freedman" (@deborahfreedman333) on "'Puts me on the street': Americans forced out of homes as rents skyrocket" video.

  1. In 2008, the problem arose from home buyers, who could not pay their mortgage, not renters.
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  2. And why are apartments all owned by large corporations, because the little guy can no longer afford to buy, as a retirement investment. You never know went rents will be capped, like what happened throughout the pandemic. You never know how high your property taxes are. The little guy needs a steady income, and rental property no longer provides that.
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  3. @diveunder And then they'll have to deal with rising property taxes.
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  4. And don't forget, in that same time, the property tax quadrupled, or more. Do you expect the owners to lose money, because they are being gouged by the municipality?
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  5. Landlords also pay property taxes. And they have to maintain the property.
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  6. My mortgage is only $850 a month, but my property tax is more than my mortgage.
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  7. The property taxes are too damned high!
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  8. What really isn't fair, is when an area is all rent controlled, yet property taxes keep going up. Then, those who bought property for retirement income, find they are paying more than they are taking in. Nobody will buy those rent controlled properties.
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  9. My property taxes were $10.5K last year, and $13K this year. Not sure what will happen next year.
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  10. Do you realize that a mortgage is not the only cost involved? Property taxes have shot up, in many cities. Because property values have gone up, and because cities have spent so much on useless projects, they always find a way to jack up property taxes. And, the cost of maintaining a property has also shot up. Both labor and supplies cost much more. If there is any gouging, it is by governments, who keep raising the taxes.
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  11. Only if property taxes are also federally regulated.
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  12.  @gerdaleta  I just looked on a rental site, rents in Florida range from $35/ month to $32K/ month, depending on where they are. She should move.
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  13. But, when property values increase, so do property taxes. Do you expect the landlord to pay out more than they get in rent? That is the real root of the problem, municipalities who stick it to property owners.
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  14. How about greedy counties, who think just because a property's value goes up, the owner should pay more in property tax? Did you listen to the piece? The landlord raised the rent, because taxes on the property rose.
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  15. Are there laws against such high tax increases?
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  16.  @masquarra  How much is the property tax, on her unit? The owner said taxes were what made the rent go up. Is the city council all Republicans? Why are property taxes so high?
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  17. Will property taxes and insurance also be indexed to the minimum wage?
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  18. Maybe, rather than forgive a debt taken out for a luxury item, like education at a private college, the government should remove the cap on SALT deductions. Is it fair that property taxes can go up and up, and you have to pay taxes on money already taxed?
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  19. It's the city councils, that raise property taxes, which force owners to increase rents, who should be out on their ear.
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  20. I knew an elderly couple, who bought a six unit apartment, in the People's Republic of Santa Monica. Because they could not raise the rent, they ended up paying more in property taxes than they got in rent. What was especially galling was, most of their tenants were far wealthier than they were. They had to live on beans, while their renters lived a high life. It was obscene. That is why, people revolted, and the disgusting rent control was removed.
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  21. You're wrong! Property taxes have gone up that much, and more. When I bought my home, twenty years ago, I paid about $2K a year, in property taxes. The value of my home has gone up about 2.5 times, but my property taxes are now $13K a year.
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  22. Maybe the mortgage doesn't go up, but property taxes are often higher than the mortgage. And the cost of repairs has also shot up. Why should the landlord just eat those extra costs? They didn't invest in a rental property to run a charity.
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