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Author Topic: Housing prices down Rent up: Dummies Confused  (Read 2438 times)

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Offline Ballygrl

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Re: Housing prices down Rent up: Dummies Confused
« Reply #25 on: September 27, 2010, 11:55:36 AM »
Quote from: zeitgeist on September 27, 2010, 09:03:20 AM
Come on JR dummies don't like payin period.  Half live in the basement at mom an pops.  The other half couch surf and leach off society like bobo the hobo.  BTW have you ever watched dummies put up a tent?  I am here to tell you it can be a most entertaining comedy show. Or the great shadow shows from leaving the lantern on. :whatever:

[youtube=425,350]Fukh437NmXQ[/youtube]
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Offline Godot showed up

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Re: Housing prices down Rent up: Dummies Confused
« Reply #26 on: September 27, 2010, 01:55:04 PM »
Could you imagine renting to one of these people? They'd be the stuff of landlord nightmares. You know these are use-security-and-last-month-rent-for-last-2-months'-rent people. So if there are any damages beyond normal wear and tear, good luck trying to recover a thing. And if it didn't suit them to have 30 days' or 60 days' notice from the landlord (I give at least 60), they're just the types to put the landlord through housing court hell based on the 30-day law.

I don't suppose the OP also considered little things like fluctuating electricity and NG costs, if electricity is included?

I swear, I really do believe these people think they're supposed to be able to have a home for free. I've encountered this mentality personally. It's amazing.

I don't know much about the housing market, really, but it seems to me that empty, foreclosed houses can't possibly equate with more rental units--somebody has to buy them, keep them up, and then rent them!


Now, I would expect an increase in existing foreclosures to correlate to an increase in squatters.
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Offline Wineslob

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Re: Housing prices down Rent up: Dummies Confused
« Reply #27 on: September 27, 2010, 02:39:47 PM »
Quote from: NHSparky on September 26, 2010, 10:25:32 AM
Not really--with the exception of RAPIDLY declining markets, it's always better to own than rent.  Hell, I know a bunch of folks who bought in CA on the downside and turned the houses into rental properties, going for MORE than the monthly nut of their mortgage/taxes/insurance.

And when the market recovers (and mark my words, it will eventually) those people are going to be the ones who are that much farther ahead.

Bought my home in 1995, the last down-turn in the market. People were having to sell homes that they paid 115K for in the mid 80's for 95K. Perfect for me.   :-)   Even with the last "slide" I'm still ahead of the game.
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Offline thundley4

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Re: Housing prices down Rent up: Dummies Confused
« Reply #28 on: September 27, 2010, 02:45:26 PM »
I would think that rental properties would be at a premium, since people are losing their houses and are looking for cheaper places to live.   This should apply even more to multi-unit complexes, I'd think.
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