Milwaukee Rent Isn’t Too High—Your Budget Is Too Weak

Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes

Milwaukee tenants love screaming that the rent is too damn high, but nobody wants to talk about budgeting, wasting money, living beyond their means, or refusing to work harder. This video breaks down the uncomfortable truth about rent, personal responsibility, and why landlords are winning while broke complainers keep blaming everybody else. If you’re a Milwaukee investor tired of the victim mentality, subscribe to HoltonWiseTV.

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Seth McGatheyBusiness Member
Real Estate Agent · Milwaukee WI · Member since 2024 · 321 posts · 255 votes
6mo
Can I ask, What is the point of this post?

It doesn't seem to be asking a question.

It also doesn't seem to be teaching or informing anyone.

It seems like it's only purpose is to shame renters that are bad with money. Maybe you could argue it is meant to inform those renters, but BiggerPockets doesn't seem like the place to reach and convince renters to change their financial situation. Instead it is landlords and property owners. So it comes off as purely a "let's rally against those less informed and less focused than us" post.

Being a Milwaukee investor and agent, I actually agree that rents in a relative sense are very high here. (Part of why it is a great place to invest). That doesn't change my strategy as I must optimize my rentals to be competitive and protect my investments. But that doesn't change that rents are high relative to incomes and house prices.

I also can say that as a realtor that frequently walks properties in the lowest income areas, I see some rough situations. People packing 7 people into 2 bedrooms to save money, cots in a musty basements because there is no space in the bedrooms, and all kinds of other sad and depressing things.

Don't get me wrong, I believe in personal responsibility and agency and that anybody and everybody can make their lives better if they make smart and responsible decisions. But I also acknowledge that a lot of people have no idea what options are out there or how to find the financial education they need to get into a better situation. They aren't bad people for that lack of knowledge. And I feel it is our duty as people who have learned financial literacy to help spread the knowledge.

If there is an intended value that I am missing, feel free to push back and correct me. But I just don't see the value of this post as it stands.
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- James Wise
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  Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
  6mo
  Quote from @Seth McGathey:
  
  Can I ask, What is the point of this post?
  
  It doesn't seem to be asking a question.
  
  It also doesn't seem to be teaching or informing anyone.
  
  It seems like it's only purpose is to shame renters that are bad with money. Maybe you could argue it is meant to inform those renters, but BiggerPockets doesn't seem like the place to reach and convince renters to change their financial situation. Instead it is landlords and property owners. So it comes off as purely a "let's rally against those less informed and less focused than us" post.
  
  Being a Milwaukee investor and agent, I actually agree that rents in a relative sense are very high here. (Part of why it is a great place to invest). That doesn't change my strategy as I must optimize my rentals to be competitive and protect my investments. But that doesn't change that rents are high relative to incomes and house prices.
  
  I also can say that as a realtor that frequently walks properties in the lowest income areas, I see some rough situations. People packing 7 people into 2 bedrooms to save money, cots in a musty basements because there is no space in the bedrooms, and all kinds of other sad and depressing things.
  
  Don't get me wrong, I believe in personal responsibility and agency and that anybody and everybody can make their lives better if they make smart and responsible decisions. But I also acknowledge that a lot of people have no idea what options are out there or how to find the financial education they need to get into a better situation. They aren't bad people for that lack of knowledge. And I feel it is our duty as people who have learned financial literacy to help spread the knowledge.
  
  If there is an intended value that I am missing, feel free to push back and correct me. But I just don't see the value of this post as it stands.
  
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