California
Related: About this forum5 Castles That Are Cheaper Than An Apartment In San Francisco
http://www.upout.com/blog/san-francisco-3/5-castles-that-are-cheaper-than-an-apartment-in-san-francisco1. You could buy this castle in the Midi-Pyrénées of France for $2,659,569
.or this studio in the Lower Haight for $2,995,000.
Trillo
(9,154 posts)If you need to work, and you live where jobs are located, what would have been disposable income from the career you spent so many years in school to learn, is spent on over-inflated rents and/or housing costs.
My last landlord in Southern California told me once that rental property owners watched local indexes of wages, and made sure rents were raised everytime wages went up. The biggest employer at the time was military, so they watched those wage rates. I guess it was a wink-wink system, sort of an oligopoly.
Cleita
(75,480 posts)when we voted for it in 1979 in the People's Republic of Santa Monica. I lived in a rent control apartment in Santa Monica for thirteen years until my husband and I retired in 1992 and left. All the horrors of property values sinking never happened. It did help people like myself and my husband have housing in the place we worked in without breaking the bank although our landlords stopped doing maintenance and we tenants had to do it ourselves. It was a small price to pay and actually better in some ways because we were no longer told what colors to decorate with and that we couldn't hang pictures.
Auggie
(31,169 posts)daredtowork
(3,732 posts)has become the annual guarantee of raising rent - with landlords busy trying to shove up rent as fast as possible before they lose control of the rent board. At least that's how it looks to me. Everyone knows salaries haven't been going up since 2008. Fixed incomes haven't been going up for far longer than that. Yet the landlords "deserve" a raise every single year, and the rent rise far outstrips inflation. This year the increase on my rent controlled place was $30.
Rent control is supposed to be there to hold rent down, not to provide a permission letter to suggest how much the landlord should raise rent every year.
KamaAina
(78,249 posts)8 percent a year, whether they need it or not. Hell, mine just went up $100!
daredtowork
(3,732 posts)and telecommute?
KamaAina
(78,249 posts)daredtowork
(3,732 posts)KamaAina
(78,249 posts)(for those of you back East, Piedmont is a wealthy town completely surrounded by Oakland)