Man shares eye-opening signs rent is about to spike in your area. Here are 5 best ones.
It is no surprise to anyone that real estate prices are soaring sky-high in recent years. Neighborhoods that used to house families with average incomes are increasing their rent each year. Buying a house is almost beyond the reach of working class people so they restore to renting small units. But how do we keep track of whether or not the housing prices are going to increase in our locality or not? Here is where a TikTok creator Teddy (@tedsthetics) comes in. He made an insightful video to make people aware and keep a check on certain indicators around us that will let us know if our rent is about to increase or not.
Teddy started the video by alerting everyone to certain outlets and services that are popping up in neighborhoods and are becoming indirect signs of rent hikes. "If any of these open up in your area your rent is going up and you can't change my mind," Teddy, who lives in Australia, declared. "First up GYG or Fishbowl. Your landlord is licking their lips and it's not because of the food. If your vet's waiting room goes from this to a day spa aesthetic, your rent review letter is around the corner." Teddy refers to fast food restaurant chains like Guzman Y Gomez and Fishbowl opening up in a neighborhood, indicating that the rent is about to go up and the decor and stylist changes at the local vet clinic are an indicator too.
"Your local cafe has changed its menu to a letterboard then they're about to milk you and charge you extra for alternative milk," Teddy continued. "If Reformer pilates and recovery centers start popping up out of nowhere, it means you've got $100 a week extra to do some stretching, marinate in your own sweat, and jump in an ice bath for leisure." Last but not least, Teddy points towards the appearance of Tesla electric car charging stations in a neighborhood. "Your rent? Double. Bad drivers? Triple," he throws in some humor and concludes. "And they always get prime parking spots like bro chuck them in the back." According to Domain, house rents in Australia have risen by 11.1 percent over the past year, while units have grown by 8.6 percent.
The TikTok community started sharing their experiences with soaring rents and some even related to the indicators Teddy provided in his video. @user9360167848539 pointed out, "If Harris farm market or some organic no-waste store opens up too, rent is also going up. I shop there every now and then though." @clovercartela commented, "For me, it was realizing people were leaving their phones on outside cafe tables. Bring back petty crime please and my rents doubled." @benno3810 quipped, "I'm so glad that I bought my own place. I couldn't afford to rent right now!" @baileyrudl mentioned, "The fact that we have a recovery center and are about to get a GYG in the next town over is worrying me." @richelle_elissa added, "Literally what’s happening in Penrith currently. My building has 2 or 3 Tesla charging stations too."
You can follow Teddy (@tedsthetics) on TikTok for more videos on lifestyle.