The Rent is Too Damn High!

Discussion in 'Economy' started by JBeukema, Apr 28, 2011.

Thread Status:
Not open for further replies.
  1. JBeukema
    Offline

    JBeukema BANNED

    Joined:
    Apr 23, 2009
    Messages:
    25,613
    Thanks Received:
    1,703
    Trophy Points:
    0
    Location:
    everywhere and nowhere
    Ratings:
    +1,705
    The Rent's Too Damn High but It's a Problem With an Easy Solution... If Only | Economy | AlterNet
    Interesting concept. Thoughts?
     
  2. asterism
    Offline

    asterism Congress != Progress

    Joined:
    Jul 29, 2010
    Messages:
    8,592
    Thanks Received:
    906
    Trophy Points:
    190
    Location:
    Central Florida
    Ratings:
    +1,073
    Right to keep the house and pay less for it? How will the shortfall be made up? What's to stop people from running up other debt just because they now have lower housing payments? Who maintains the property? It's uncommon for renters to make improvements and repairs.
     
  3. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,063
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,922
    Land lord renting to a tenant is one of the few all American business we have left in this country. It employs a huge segment of the population. Renters need to pay to keep the money flowing inside our borders. If they aren't paying rent then they will blow the money on shoes, clothes, games, electronics, gasoline or something else we import from foreigners sending the money & jobs out of here but still driving prices higher on everything. I am all for people spending more of their income on housing & food. These are 2 things that create a lot of jobs in the USA.

    Here are just a few US citizens employed by renters. Property Taxes, Landlords, Realtors, Appraisers, Surveyors, Engineers, Insurance Agents, Title Companies, Recorder of Deeds, Developers, Inspectors, Movers, Landscapers, Pavers, Carpenters, Plumbers, Electricians, Bankers, Lenders, HVAC, Advertisers, Roofers, Utility Workers, Hardware Store Employees, Loggers, Sawmills, Building materials manufacturers, bill collectors, Painters, etc.
     
    Last edited: Apr 28, 2011
  4. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,837
    Thanks Received:
    1,790
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,875
    Rents expected to go up 5 percent during 2011 and another 5 percent during 2012...
    :eek:
    Renters are next victims of housing market
    6/14/2011 - Landlords take advantage of tighter market to push through increases
     
  5. Douger
    Offline

    Douger BANNED

    Joined:
    Jun 25, 2009
    Messages:
    12,323
    Thanks Received:
    915
    Trophy Points:
    0
    Location:
    Not fucking there !
    Ratings:
    +915
    I don't charge rent.
     
  6. shintao
    Offline

    shintao Take Down ~ Tap Out

    Joined:
    Aug 27, 2010
    Messages:
    7,231
    Thanks Received:
    320
    Trophy Points:
    83
    Ratings:
    +339
    It sounds socialist and anti-capitalist to me. I want the market flooded with short sales that allow me to buy up a few good deals, while taking advantage of what recessions afford.

    How about letting people like me buy up these cheap undervalued homes, and then rent them out again so I can make a decent profit from taking the risks?

    And besides, I like seeing capitalism working in full swing!!! LMAO!!:lol:
     
    Last edited: Jun 15, 2011
  7. shintao
    Offline

    shintao Take Down ~ Tap Out

    Joined:
    Aug 27, 2010
    Messages:
    7,231
    Thanks Received:
    320
    Trophy Points:
    83
    Ratings:
    +339
    What do you do? Sneak up on it? LMAO!!:lol:
     
  8. sparky
    Offline

    sparky VIP Member

    Joined:
    Oct 19, 2008
    Messages:
    3,327
    Thanks Received:
    324
    Trophy Points:
    83
    Location:
    paradise
    Ratings:
    +341
    This is extremely simple and can go into effect the day after Congress passes the rule change. Judges or the court officers handling a foreclosure would be required to ask the homeowner whether they want to stay in their house as a renter. If they say yes, there would be an appraisal of the market rent of the home, and the homeowner would then have the option to stay in the house for a substantial period of time (e.g. 10 years), paying the market rent.


    and that appraisal would be 3rd party? , or the bankster's henchmen?
     
  9. Douger
    Offline

    Douger BANNED

    Joined:
    Jun 25, 2009
    Messages:
    12,323
    Thanks Received:
    915
    Trophy Points:
    0
    Location:
    Not fucking there !
    Ratings:
    +915
    Read the first two words in this quoted post and you might, MIGHT, understand the whole problem.
     
  10. sparky
    Offline

    sparky VIP Member

    Joined:
    Oct 19, 2008
    Messages:
    3,327
    Thanks Received:
    324
    Trophy Points:
    83
    Location:
    paradise
    Ratings:
    +341
    This reeks of new reverse mortgage parameters....
     
Thread Status:
Not open for further replies.

Share This Page