And now, time for counterpoint. I’ll be blunt: Real estate agent slash landlord turned YouTube personality Graham Stephan is not my cup of tea. For example, his podcast “The Iced Coffee Hour” debunks the myth of avocado toast for millennials (which I challenge here, Besides, he is a landlord. Not for me,
But considering his 4.4 million YouTube subscribers, it’s worth hearing why his ideas are so popular. Ignoring the clickbait-y, inflammatory title of this video, here are the main points to consider:
Right now the rent is increasing due to many reasons. There are less affordable units on the market. Rent demand is high, with even wealthy households opting to rent rather than buy. On top of that, the expenses of the landlord are also increasing. Overall, house prices are also becoming costlier.
Despite the clickbait title of this video, Stephen ends with a good point: If you’re a renter, educate yourself as much as possible on the market right now so you’ll have more negotiating power with your landlord. .