primitives notice rent going up

[franksolich]

http://www.democraticunderground.com/1002335897

Oh my.

raccoon (19,225 posts) Profile Journal Send DU Mail Ignore

Do you notice rent going up in your area? I think foreclosures have a lot to do with it.

It possibly raises the demand for rental properties.

(Yeah, I know everything is going up except our pay.)

Juneboarder (1,486 posts) Profile Journal Send DU Mail Ignore

1. Agreed

At least for Southern California. Rents are ridiculous here...

My uncle is renting out a home of his in Vegas presently, and only asking $1100/month. This leads me to believe that rents in Vegas haven't been doing much in the lines of increasing, but maybe that is due to the glutton of homes in the market there and the fact that there are luxury apartments on every corner...

"glutton of homes"--

Liberal_in_LA (22,724 posts) Profile Journal Send DU Mail Ignore

5. wow. $1100 for one bedroom in LA and not a fancy one bedroom apt.

Juneboarder (1,486 posts) Profile Journal Send DU Mail Ignore

8. Oh tell me about it!

I'm in San Diego and rents here are pretty comparable to LA. As well I used to live up in the Valley (Northridge area). My sister rents a STUDIO apartment (about 5 buildings from the 5) in Carlsbad and feels she got a deal at $900/month.

$900/month!!!!

NutmegYankee (3,194 posts) Profile Journal Send DU Mail Ignore

11. That is a deal. I saw Studios going for $1400/mo in DC back in 2007.

They go for $1800-$2100 now. STUDIOS!

rox63 (8,876 posts) Profile Journal Send DU Mail Ignore

2. People have to live somewhere

If you can't get a mortgage, you have to rent. Demand for rentals has gone up, so the vacancy rates are down and the prices are rising.

zipplewrath (7,542 posts) Profile Journal Send DU Mail Ignore

3. It's documented around here

Rents haven't "gone up" so much as they haven't gone down at all, despite the market being flooded with available rentals. The people having the hardest time are those trying to rent large, expensive homes. College students are renting them and dividing it up amongst 8-10 people. Pisses the neighbors off something awful.

YellowRubberDuckie (18,723 posts) Profile Journal Send DU Mail Ignore

4. If you're a renter, be very careful.

There are a lot of landlords taking money, but not paying their mortgages on the properties, even after they go into Foreclosure and know that it is imminent. I even had people get SCREWED because they signed a lease AFTER the date of the foreclosure sale. They paid a sizable deposit because they had pets. We honored the lease because we aren't asshats, and they eventually bought it, but still, most banks won't because they had no legal requirement to do so.

Just be careful because there are very shady people out there screwing every one they can. No one is safe.

RebelOne (22,363 posts) Profile Journal Send DU Mail Ignore

7. I own a mobile home and live in a mobile home park.

I have been here since 1994. Every year, the lot rent goes up $10 along with the water bill that is included in the rental payment. As of March 1st, I will be paying $376 a month (which includes water and garbage pickup). I am retired now and living on a fixed income, so it is a hell of a lot cheaper than renting a house or apartment.

[Toastedturningtidelegs]

  I so wish i still had my rentals. I'd be cleaning up right now 

[jukin]

My rentals all got a 5% increase last year because 0bama HellCare demands that the renters pay an additional HellCare tax. Also as property taxes go up to keep those hard working government employees in the 120% retirements with Cadillac health care plans and COLAs the rent goes up. Somehow Liberals think that those costs will not be passed on. However, the rent increases are less on a percentage basis than the hikes in the city run water bill.

This year the school district wants to double the parcel tax to keep the teachers in their pensions and Cadillac health care plans. I have already sent out the letters telling the tenants that these increases will be passed on to them if passed.

[Karin]

That's the insidious thing about that 3.8% surtax.  The DUmb dems thought they sticking it to rich evil landlords.  Who ends up paying it immediately? 

[obumazombie]

Libs never learn the law of unintended consequences.

[AllosaursRus]

They'd really be pissed if they knew I only pay $275 for 160 acres! Anyone stooooopid enough to live somewhere where a studio apartment is goin' for $1100 dollars and up deserves everything they get!

[Ogre]

Libs never learn the law of unintended consequences.

That's the truth, hell they can barely comprehend the law!

[diesel driver]

They'd really be pissed if they knew I only pay $275 for 160 acres! Anyone stooooopid enough to live somewhere where a studio apartment is goin' for $1100 dollars and up deserves everything they get!

I'm paying about that for 4 acres in the county close enough to town to smell it.  I got it in the the divorce settlement from the first wife.  It was actually her father's land, but when she left, I kept the house, she kept the car (and the car payment, which was about twice the mortgage payment). Another 8 years and this baby's mine!

Mrs. Diesel has her place (10 acres) in WV free and clear, so if we have to default here, we'll just move our camper to her place, and enjoy the view.

[Rebel]

They'd really be pissed if they knew I only pay $275 for 160 acres!

Damn! Wish I could find a deal like that in SC or GA.

[NHSparky]

Juneboarder (1,486 posts) Profile Journal Send DU Mail Ignore

8. Oh tell me about it!

I'm in San Diego and rents here are pretty comparable to LA. As well I used to live up in the Valley (Northridge area). My sister rents a STUDIO apartment (about 5 buildings from the 5) in Carlsbad and feels she got a deal at $900/month.

$900/month!!!!

That IS a steal, idiot.  Thank the liberal dipshits and all their little rules for that.

In the 1990's, I was paying $650 in Point Loma for a 1BR.  They went condo and the units there now (even after the collapse) go for $140-150K, meaning a mortgage payment of about $1000 for a 550 sq. ft. place, complete with fireworks from Sea World, the takeoff traffic from SD Airport, and the traffic from I-8.  Moved to Hermosa Beach after that.  When I moved out of my 1BR there, I was paying $865/month (two blocks from the beach, and had an extra parking spot.)  They're now asking $1950/month for the same place.  The last apartment I lived in before I bought my house was a 2 BR in Huntington Beach.  When I moved, I was paying $1200/month (that was 2001.)  Now they want $2000 a month, again with the noise from the 405 and the speakers from Boomers across the street screaming at all hours of the night, "CAGE SIX NEEDS BASEBALLS!!!!" 

Of course, the place in HB went way up when they started taking Section 8 assholes.  Someone had to make up the difference, dontcha know.

[AllosaursRus]

I'm paying about that for 4 acres in the county close enough to town to smell it.  I got it in the the divorce settlement from the first wife.  It was actually her father's land, but when she left, I kept the house, she kept the car (and the car payment, which was about twice the mortgage payment). Another 8 years and this baby's mine!

Mrs. Diesel has her place (10 acres) in WV free and clear, so if we have to default here, we'll just move our camper to her place, and enjoy the view.

Well, I do havta take care of the livestock, doncha know! Still, even that has it's perks, as my grandkids get to ride whenever they want. We can even use the horse trailer and go huntin when the urge develops! That and I get in on the ground floor when it comes to stockin' my freezer with beef! I think I paid about $2.79/lb last time for a whole cow. Lately, that's how much just lean hamburger is goin' for at the local SafeWay and I got RibEyes and T-Bones for that, not to mention all the roasts!

[Evil_Conservative]

Yes, but we negotiated our rent increase to a rent decrease.  It wasn't a huge decrease, but every little dollar does help.  We saved $7 a month compared to last year.  They wanted to raise it by $10-$15 if we signed a 15 month less and increase it by $75 if we signed a 12 month. 

Don't let people walk all over you.  Just stand up for yourself and talk to your landlord, LIKE AN ADULT, and good things might come to you.

[Chris_]

How the hell did you manage that?

My rent in 2005 was $475 for a 1BR.  Now, it's closer to $700 and nothing has changed other than my zip code. 

[Evil_Conservative]

My uncle is renting out a home of his in Vegas presently, and only asking $1100/month. This leads me to believe that rents in Vegas haven't been doing much in the lines of increasing, but maybe that is due to the glutton of homes in the market there and the fact that there are luxury apartments on every corner...

Don't speak of what you don't know.

Las Vegas does not have luxury apartments on every corner.  Rents ARE increasing here.  Mostly because so many people lost their homes, their credit took a crap and they can't get a new house, so they HAVE to rent.  The banks aren't going to give someone who just got foreclosed on another loan.

[JakeStyle]

The last apartment I lived in before I bought my house was a 2 BR in Huntington Beach.  When I moved, I was paying $1200/month (that was 2001.)  Now they want $2000 a month, again with the noise from the 405 and the speakers from Boomers across the street screaming at all hours of the night, "CAGE SIX NEEDS BASEBALLS!!!!" 

I know exactly where you are talking about, my ex-FIL lives right around the corner from Boomers off Magnolia.  Here in San Diego, you will be lucky to find a 1 BR rental under $1,200, unless you want to live in the barrio.

[AllosaursRus]

I know exactly where you are talking about, my ex-FIL lives right around the corner from Boomers off Magnolia.  Here in San Diego, you will be lucky to find a 1 BR rental under $1,200, unless you want to live in the barrio.

Get the hell outa there Jake! Kalifornica is the armpit of the world! Can't ya find a job somewheres else?

Even if ya have to take a little less money, you'd be ahead in the long run as it won't cost near as much to live on the same amount of cash as yer spendin' now!!!

[JakeStyle]

Get the hell outa there Jake! Kalifornica is the armpit of the world! Can't ya find a job somewheres else?

Even if ya have to take a little less money, you'd be ahead in the long run as it won't cost near as much to live on the same amount of cash as yer spendin' now!!!

I'm staying here for now because my kids live nearby.  I make good money, and I own my condo free and clear, so rent prices don't really concern me.  I have a plan to move to SW Colorado and rent this place out, buts that's a few year down the road.

[Evil_Conservative]

How the hell did you manage that?

My rent in 2005 was $475 for a 1BR.  Now, it's closer to $700 and nothing has changed other than my zip code. 

Me?

If you were asking me, we have been here for three years and have been great tenants.  No late rent, no complaints, etc.  We politely discussed that we could take our money elsewhere and they could risk getting a bad tenant to replace us.  Our current apartment complex has their base rent priced about $10 higher than the other properties around here and we do not live in a luxury complex.  We didn't want to be hassled with moving, so we just fought for a lower price.

I guess it just depends on your property manager.

[AllosaursRus]

I'm staying here for now because my kids live nearby.  I make good money, and I own my condo free and clear, so rent prices don't really concern me.  I have a plan to move to SW Colorado and rent this place out, buts that's a few year down the road.

Hell, bubba! Take a look at northern Idaho! This is still God's paradise and anyone with a skill can almost always find a job! We have our share of those mountain hippy types, so anyone knowin' their ass from a hole in the ground doesn't usually find it difficult to be employed!

(edited to add)

Me?

If you were asking me, we have been here for three years and have been great tenants.  No late rent, no complaints, etc.  We politely discussed that we could take our money elsewhere and they could risk getting a bad tenant to replace us.  Our current apartment complex has their base rent priced about $10 higher than the other properties around here and we do not live in a luxury complex.  We didn't want to be hassled with moving, so we just fought for a lower price.

I guess it just depends on your property manager.

Speakin' from experience, it is much better to try and keep a good tenant than it is to take a chance on some asshole that will just destroy your property! Some folks could just care less what happens to your shit if they have no monetary interest!

Good renters are a commodity! Ya know what impresses me the most? A tennant that acvtually can fix his own toilet! I can't tell you how many times I have had to go and unclog a ****in' drain!

[diesel driver]

Speakin' from experience, it is much better to try and keep a good tenant than it is to take a chance on some asshole that will just destroy your property! Some folks could just care less what happens to your shit if they have no monetary interest!

Good renters are a commodity! Ya know what impresses me the most? A tennant that acvtually can fix his own toilet! I can't tell you how many times I have had to go and unclog a ****in' drain!

You'd love me, then!

Fix it, install it, you name it, I could probably do it around the house.  Plumbing, wiring, carpentry, some masonry.  I've built the 16 X40 addition onto my house, completely, from foundation to ridgecap.  I even ran the building inspector off, because he is a complete dumbass (still is), for trying to tell me he couldn't pass my addition because the footers were not thick enough.  ( 5 inches instead of the required 8 in some places, because they were on BEDROCK!)

Learned it all from my ol' man!  (Thanks, Dad!  Miss you!  )

[jukin]

Get the hell outa there Jake! Kalifornica is the armpit of the world! Can't ya find a job somewheres else?

Even if ya have to take a little less money, you'd be ahead in the long run as it won't cost near as much to live on the same amount of cash as yer spendin' now!!!

Some of us are too invested to get out. If only it was 2007. Kalifornia is a squeker of a race with Illinois to see which one goes bankrupt first. Moonbeam really liked the way the Illinois tax hike drove up unemployment so he is pushing for that here.  CALPIRS and CALSTIRS are super underfunded even with projections of 7% investment growth, much less the 0.8% it actually returned in 2012.  The Brown estimated $3 billion deficit at this time is $9 billion. Solution, ban energy drinks in 7-12 schools, give free tuition to illegals, and mandate electric cars. The inmates are definitely running the asylum here.

Kalifornia should be a mandatory management course for how not to run a state.

[Evil_Conservative]

How does one ban energy drinks?  Can't the kids buy them before school and sneak them in?  If someone banned my energy drinks, I'd hurt them.

[BlueStateSaint]

How does one ban energy drinks?  Can't the kids buy them before school and sneak them in?  If someone banned my energy drinks, I'd hurt them.

With or without your piece, Jess?

[Evil_Conservative]

With or without your piece, Jess?

Without it.  If the store even raises the price by a penny I get upset.  When they started charging tax on them last year, I about had a meltdown.

[jtyangel]

My rentals all got a 5% increase last year because 0bama HellCare demands that the renters pay an additional HellCare tax. Also as property taxes go up to keep those hard working government employees in the 120% retirements with Cadillac health care plans and COLAs the rent goes up. Somehow Liberals think that those costs will not be passed on. However, the rent increases are less on a percentage basis than the hikes in the city run water bill.

This year the school district wants to double the parcel tax to keep the teachers in their pensions and Cadillac health care plans. I have already sent out the letters telling the tenants that these increases will be passed on to them if passed.

Which government employees do you mean? Local? Federal has been frozen on COLA (ie a very modest yearly raise) until 2015 and unless you were grandfathered in on an old civil service plan, 120% isn't anywhere near the retirement you are working towards(with the same contribution as those grandfathered peeps; no wait more since current employees do pay into SS too). I won't get started on healthcare; federal employees, at least, have to pay premiums--last i checked ours were comparable to those in the private sector with a VERY SMALL reduction in copays.
. I think many of the opinions of government employment are outdated or colored by the benefits that teachers only were getting until recently.

I thought we have btdt with this kind of stuff when some folks were under the mistaken impression that federal employees(at least) didn't pay FICA still?

And I admit, I can not speak of your local and state employees. Sometimes they have better benefits then the federal level, but they are easier to ax when times get tight economically.