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Millennials lament being unable to afford homes, pay rent: ‘This is insane’’

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Young people are increasingly complaining on social media about their inability to afford the high prices of housing and rent in America’s largest cities.

According to reports business insider, Millennials are increasingly complaining about rent increases on TikTok.

Many people are calling recent rent hikes “insane” and are expressing frustration at not being able to earn a living from work, let alone live comfortably.

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More and more millennials are complaining that they can’t pay their rent after their landlord recently raised the price. (Photo by Justin Sullivan/Getty Images)

In a video that has racked up nearly 3 million views in less than five days, TikTok creator Caitlin Murray trashes a rented office because of this month’s rent hike.

After showing the user the bill and calling this an example of how she would kick life in a situation like this:really badMurray, who lives in Boston, claimed that “my leasing agency chose violence.”

She explained: “I moved in 2021. It was $2,600, which still sucks. It’s ridiculous to pay that much for a tiny, tiny studio apartment.”

She said her landlord recently asked her for “$3,444 a month for a 450-square-foot studio,” after explaining that she tries to endure annual rent increases.

After explaining that this was the equivalent of paying $120 a night for a hotel room, she declared, “This is insane.”

Creator Ola Hardesty announced to her 60,000 TikTok followers that this was the first time in her life that she couldn’t pay her rent. recent videos It also received nearly 3 million views.

“I’m not a wealthy person and I don’t have a lot of stuff. All I have are basic household items: a sofa, a bed, a washer and dryer, that’s all.” explained with tears in his eyes. “I don’t have many luxuries, I don’t travel much, and I don’t spend much money.”

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Fox news poll photo

Real estate experts say millennials are bearing the brunt of the economic downturn in the United States. (Fox News Poll)

She noted that her rent in Savannah, Ga., had increased from $1,300 to $1,800, and that “grocery prices are so high” that she has started cutting back on meals “because I literally can’t afford to buy food.” Stated.

The outlet spoke to several real estate agents who argued that today’s millennials face a variety of financial challenges brought on by student loans, medical costs, and the country’s economic downturn.

“Millennials are statistically the first generation to perform worse overall than their parents in terms of financial health,” Coldwell Banker Warburg agent Alanna Lindsay told Business Insider. As such, they are bearing the brunt of this economic downturn.”

“They have significant student loans, huge medical bills, credit card debt, and lower wages that previous generations did not have, and they are contending with reduced economic mobility across the United States,” he added.

Omar Reiner, a real estate agent and president of Florida Cash Home Buyers, said younger renters and homeowners don’t have the ability to withstand the shock of price increases.

“When rents are increased to help landlords pay higher taxes, or simply to match the market value of the property, they don’t have that cushion,” he says.

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