We should be talking about rising rents rather than rising energy prices...

The rapidly rising costs of domestic energy has been a staple of 'cost of living crisis' headlines over the last few months.

Every single day we see in the news yet more vox-pops of 'ordinary working people' struggling to cope with their rising gas and electricity bills and facing the 'eat or heat dilemma' and there have also been several longer documentaries investigating people's personal struggles in more depth.

And it is true that gas and electricity prices have soared over the last months, and that they are set to go up further, so increasing energy prices are certainly newsworthy, and the vast majority of people can relate to such stories because they have similar ones of their own...

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However, rising energy prices also make for a very easy (I would say lazy) 'cost of living crisis' story - the costs have gone up rapidly in a short period of time (so this is unusual), and there is an 'easily identifiable' cause with a 'bad guy' - Russia cutting of energy supplies as part of the economic war over Ukraine.

And maybe the news is focussing on this particular cost of living issue because there are at least a couple of viable options to sort it out... Government hand-outs combined with capping energy prices or just giving up Ukraine - both manageable options.

But there is more to the rising cost of living than just increasing domestic energy prices - most significantly the rising costs of rent (and other things such as food but I want to focus on rent costs here).

Rent has increased by 10% over the last year, and in the South East of England than means an increase from £1100 a month to £1200 a month...

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That equates to £1200 a year which in gross money terms matches the average increase in domestic gas and elecriticty prices.

And yet there is hardly any mainstream news coverage of the increasing prices of rents even though it is this which is just as responsible for pushing people into debt as the rising energy prices.

I get why the news focuses on raising energy bills more - this affects EVERYONE, only around 25% of the country pay rent, most are owner occupiers or living with their parents still, but I just think there needs to be more focus on the massive negative impacts of both of these factors on the relatively poor at the bottom end of society.

These people after all are going to be the ones that really suffer, most of the rest of us can handle a doubling of energy prices - it just means less pints and doughnuts rather than literally starving.

But of course the mainstream news isn't going to focus on the role of rent and rentierism in pushing the poorest of the poor into destitution - if it did that we'd have to start thinking about national and global inequalities and maybe then we'd have to start rethinking Capitalism itself....

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I wouldn't lay it solely at the feet of capitalism. Some of the reason why housing is expensive is government regulation. Here in Texas, it was possible to buy undeveloped plots of land to build a house outside of city limits. These houses would never have been allowed within the city limits. But, it's what people could afford. As cities, looking to expand their tax base, expanded into surrounding areas, they would have to invest in providing utilities to these neighborhoods. That is water and sewage. They got fed up with having to incur the expense for growing their tax base, so they went to the legislature and had a law passed that required all new developments to include water and sewage. This dramatically increased the price of new plots to where the people who would have owned a home could no longer afford it.

In helping people out of "squalid conditions", the government made it more difficult to rise out of poverty.

Capitalism excels in its indifference to any individual's plight. However, the good intentions of governments often pave the road to hell for the very people they aim to help.

I grew up in homes with dirt floors and pit toilets. They were home despite the cold winters and hot summers. I don't feel I suffered any indignity or inhumane conditions. My parents could afford to buy undeveloped land at flat monthly payments for 20 years compared to having to rent "acceptable housing" that would raise rent every year.

Many people would be content to live in sub-standard housing given that government often sets the standards too high to be economical or practical. I think this is a large contributor to homelessness. There is no possibility of living anywhere between homeless and minimal standards. You either have £1100 per month, or you live on the street. Sure, we're raising the living standard. But, we're doing it on the backs of the poor.

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That's something I've wanted to talk about since long before these latest sets of crisis but I've noticed that in Florida if you mention rent control they call you a socialist. They are really fighting against common sense on this one.

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It's bonkers - housing is so basic the idea that profit comes before needs is just plain fucking wrong.

This economic and energy crisis is worldwide, it seems that the covid19 effect will drag us down for several years.

Although I'm inclined to think a crisis like this is inevitable in a Capitalist system, Covid only sped things up.

Things are not looking good and maybe you are better off going to Vietnam or somewhere earlier than expected. I think finding a cheap place to live for the next 6-12 months is a good move.

Im done with work as of 29 work meaning things i dont like so i just do what i like and it happens to make money then my dividend stream 50-70K a year covers anything else and lately splinterlands income covers 40-50K for me a year passively and a few others im getting into now so im pursuing a professional gamer at 32 loving my life just bc i worked my dick off in high school and college which was useless i could have just stopped and taken the money offered for college as a gift my dad wanted to give me about 150 K but even with out I made 250 on my own so that would have coved 25K then put retirement in and deductions you can get mediaid and a slew of govt programs just literally read every bill you can find some grant or tax break shoved in. I was a tax accountant until 29 and ive saved ppl millions by knowing where to look like a 50 million gain - not taxable lol. MHP owner 150 parks never paid tax for 20 years. I planned this year to get the carry back re estated for 19-20 all the way to 2014 and covid was when I was laid off and got into start a business program no work search keep any money you earn and ui guranteed 53 weeks then or 45k which I lost pursuing futures trading and then learned from it and traded crypto from 16 on and made very good trades in the end of last real crash 17 and could have done much better like had 500 million doge that i sold early and now that would have been worth a ton but missed that . But all i do now is play splinterlands trade in that economy and a few others invest in many assets that cash flow and live by evrey 10K replaces 1 week of work and i hit that goal now going to 3x it in 5 years by 40 8-10X passive and then really go live with no problems 500-1 million in cash flow and start some charitable things ive wanted to do.

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Sounds like you're doing pretty well to me!

I am but i need 100 million not 1.5

Its to do somehting good im only going to keep 5 the rest to my priv fdn to help vets homeless ppl struggling by having bot guilds as well as buiildng a dog resucue but a really nice one bc i cant stand seeing dogs or any animal being mistreaded

That would be the smart move, but I've got to move back to the South East of the UK and just suck up the high prices for a couple of years - but short term it ain't too bad.

Home owners will always win politically and for them, rising rents are a good thing.

The rich get richer...

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Yes true - I'm just glad I'm already a home owner!

homes u live in are a liability the american drema is a way to enslave ppl with college debt and mortgage unless u rent half sell it get a apartment that is cheap and own rentals

I sold mine it was a liability especially when ican rent and own complexes

We work harder ive worked 20 hour days this last 2 years

Literally all I talk about is reaching a sustainable equilibrium point. Not sure where you got the idea that I'm promising you of all poeple, jets...

Also, I thought we just agreed to disagree, mate? Why bring me back into this now? Go and build your project, I genuinely hope that it works out for humanity! <3

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Mute Mykos, I think he's both insane and a bit of a troll.

Rent increases seem to have been affected by the pandemic and the flow of people out of, especially, London. Space and gardens seem to be important, but also the realisation that remote working is viable, if not always desirable. That's creating specific problems for London as the "middle" (and their prospective families) moves out taking their London salaries with them. Elsewhere, it's increasing property prices and placing pressure on the rental market.

It is interesting how the focus is on energy costs: this was a transnational problem before Russia invaded Ukraine and although that may have exacerbated the problem, prices were already rising and for a range of inter-related reasons.

The good news is the revitalisation of the trades unions, the amount of industrial action we are seeing and the huge support of the general public for striking workers. We have combined action and co-ordination in Leicester which is fabulous.

I hadn't thought of the migration thing and rents, it's a fair point.

I must say I'm enjoying the Trades Unions coming back to the fore for sure!

It made me a shit load my roi on the expected sale was 22% went to 40%

Some mention of rising rents here. Some of the media may care more about property owners than renters. I saw a link to some Telegraph article with a guy asking how he can get by on a big pension and rental income. We need affordable housing for all.

Everyone's affected, many pensioners returning to work!

cant wrk no one will ever want to lower there lifestyle they worked hard for

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Why is the rent rising? Greed?

Actually good question, probably more like a combination of greed and power.

Annoying.
They cap it here in Denmark. It can only raise max 4%, no matter the inflation

That sounds bad i dont like govt stepping in and if they do like here get as much as u can manipulate ur income legally of course like i planned to make my self have a tax loss to get all my taxes from 14-19 back and have like 50K in crredits to get

I didn't understand anything of what you said.

Its a different country than the UK, so they taxes also work differently ^°

im talking about the us system there are amazing ways to never pay any tax. Like a guy owned 100 Mobile Home Parks made 5 million a year no tax in 20 years

Not sure I will csll defrueding the govt. Amazing xD

im actually following there rules to a T

I dont ever want to worry so i worked really hard to not and have what i do so i can play video games make money and never set foot in a company other than mine again they use u to build there dream. Take a shot if u miss whats the worst u start at zero. If you really look you will see money is actually really easy to get

No the govt printed money

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I'm honestly a little bit confused by the tendencies the market is taking. Trends are sketchy and every possible actions feels like a big risk to take.

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Yeah true, I'm just in a holding position right now!

IM long blk iep brmk bought at low, google A, BRKB, goro, iipr the weed reit, invested in 10 complexes in 19 rent increases of 500 a unit made me so much my last payout coming will be 300K which puts me in the 100K passive income and finally will not need to work 20 hour days so i dont have to work until 65

hope not cash now DXY prob going to go down im gooing short by borrowing as much as possible to get a roi on my debt i could by just holding it

Thanks for your sharing, your idea is brilian

In a world where the rich only cares for themselves what then can the vulnerables do. It is so pathetic that we are leaving in a crazy world.

I can show any 16 year old how they can stop at 25

anyone can be wealthy salary wont do it. I got laid off i learned how you really make money and its much easier if you really think instead of complaining i can litterally show you bc it will make me just as much

I actually came up with a way for me to make double on a complex and charge zero rent after 2 years.

If you analyze it w2 worst way to be paid. sch c can pretty much write off evrerything that W2s cant

Why wouldnt you take care of you first you cant help anything until u make like 10-100 million

I want my family to never need to struggle and work 50-110 hours a week.

So yes i will never give my money away until im all set and my kids have trusts

My point is i can tell anyone here how to make 100K doing the dumbest thing
no one thinks about it lol and i do not talk about it bc i dont want others taking money from me lol

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I am doing a project that will get me money and help others soon it will be up and everyone will understand it

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I lied not alot understand it bc they are sheep and follow afraid to try things its just money if i lost all of it i bet in 5 years i would have it all back

Prob half will quit there jobs affter a few months

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