Living in Hotels Is Becoming CHEAPER Than Rent… | Housing Crisis
Edwards Economics
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Living in Hotels Is Becoming CHEAPER Than Rent… | Housing Crisis
20 702 просмотра · 8 часов назад
Edwards Economics
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20 702 просмотра · 8 часов назад
One woman pays $1,600 a month to live in a motel because she only needed $300 to move in. A couple pays $2,000 a month for a hotel room with hot water, Wi-Fi and cleaning included. Another renter just got a month-to-month quote of $11,438. So is hotel living actually cheaper than renting, or is it a trap that only looks cheaper?
In this video I react to people living in hotels and motels full time, then look at the numbers: the typical apartment rents for $1,388 a month, a record 22.7 million renter households are cost burdened, and first month plus deposit runs about $2,800 before fees. A $400 week sounds like $1,600 a month, but it is really about $1,733.
1. Would you live in a hotel just to skip a lease?
2. What is the most you have ever paid to move into a place?
3. What would it take for you to live in a hotel full time?
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Chapters:
00:00 Why I Pay $1,600 To Live In A Motel
05:10 Motel Tour With A Pregnant Wife And Two Cats
09:53 $2,000 A Month Hotel With Everything Free
11:23 Can't Qualify For An Apartment? Try A Hotel
12:59 Why The Move-In Cost Is The Real Wall
14:50 The Hotel Eviction That Followed Me For Years
16:56 Month-To-Month Rent Would Be $11,438
19:16 Hotel Vs Apartment, The Real Monthly Cost
21:34 Five Kids In A Low-Budget Hotel
25:30 Homeless People Already Have Jobs
#hotelliving #housingcrisis #costofliving #rent
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