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Old 04-22-2016, 09:14 AM
 
Location: Los Angeles (Native)
25,269 posts, read 15,298,240 times
Reputation: 12111

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Quote:
Originally Posted by Des-Lab View Post
Well duh. Of course they should.

That question was answered a few pagesd back.

Because. You know. It's a nice thing to do. And they don't need that extra money anyway.
Yeah all these landlords operating at 3% cap rates in L.A have so much leftover money after paying mortgage , taxes,utils ...they don't know what to do with it.

Only ones that could afford to do that are the charitable types that inherited the building or bought decades ago and paid it off.
Even then the 'break' on rent will probably be $50 or $100 less...not like 1/2 the rent.
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Old 04-22-2016, 08:28 PM
 
4,893 posts, read 2,946,747 times
Reputation: 3110
Quote:
Originally Posted by BennyPhoenix View Post
The solution is for people to stop coming here.
Or for LA to build vertical and expand transit..
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Old 04-26-2016, 10:57 PM
 
Location: Chandler, AZ
5,802 posts, read 5,451,225 times
Reputation: 3113
Anyone hoping for more 'affordable' housing anywhere SoCal needs to stop dreaming since the policies of Brown and his fellow Democrats make that impossible within the state's borders.

There's still plenty of affordable housing in the IE which explains the steady population increases of the past 10+'years as opposed to the dramatic slowdown of inmigration into LA county.
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Old 04-26-2016, 11:40 PM
 
Location: Los Angeles
2,926 posts, read 1,619,756 times
Reputation: 3394
Quote:
Originally Posted by Marv101 View Post
Anyone hoping for more 'affordable' housing anywhere SoCal needs to stop dreaming since the policies of Brown and his fellow Democrats make that impossible within the state's borders.

There's still plenty of affordable housing in the IE which explains the steady population increases of the past 10+'years as opposed to the dramatic slowdown of inmigration into LA county.
So the I.E. is not within the state's borders?
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Old 04-27-2016, 09:16 AM
 
73 posts, read 42,165 times
Reputation: 60
Quote:
Originally Posted by Astral_Weeks View Post
So the I.E. is not within the state's borders?
Oh dear.
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Old 04-27-2016, 09:05 PM
 
Location: Southern California
5,413 posts, read 8,119,255 times
Reputation: 5046
Well, it's that time of the yr again for my rent to increase & it's increasing by $100/mo, which is the biggest increase ever. In the past, it's been raised $70-80 (per month), but $100 more EACH MONTH?! So I'll be paying $1505/mo incl. utilities for a 700 sq ft apt in San Bernardino county.

I'm waiting on their reply regarding my trying to get it lower, but it's almost like falling on deaf ears since I rent from a corp. & not a private landlord, so they don't care if you've been a loyal tenant who never caused any trouble, always paid on time, & often been ahead, etc., etc. My rent is the same as the guy who comes into the leasing office today to look at apts.

This is really concerning to me because it's more of a struggle to save up to buy a home, like I'd like to someday, because any $$$ being saved up has to now go to the higher rent. My complex doesn't even tell me why nor how they came up to this new figure. They just say "that's the going rate in today's market", which I guess is the only thing they ever say.

Well, it's that time of the yr again. I just got the email about my annual increase that I always get at this time of the year. My rent increased by $100, which is the biggest increase ever. In the past, it's been raised $70-80 (per month), but $100 more EACH MONTH?!

I'm waiting on their reply regarding my trying to get it lower, but it's almost like falling on deaf ears since I rent from a corp. & not a private landlord, so they don't care if you've been a loyal tenant who never caused any trouble, always paid on time, & often been ahead, etc., etc. My rent is the same as the guy who comes into the leasing office today to look at apts.

A person would struggle to save up to buy a home, like I'd like to someday, because any $$$ being saved up has to now go to the higher rent. My complex doesn't even tell me why nor how they came up to this new figure. They just say "that's the going rate in today's market", which I guess is the only thing they ever say.

OP, you asked will rent ever decrease? Unfortunately, I don't think so. It's even impossible for mine to just stay the same!!!

Quote:
Originally Posted by Inter441 View Post
Will rent ever decrease ? Like gas prices lol
Quote:
Originally Posted by Finper View Post
When I lived in a apt in Huntington Beach you could only sign a one year lease and every year they raised my rent 100.00 .. Reality is different then percentages and there's no cap on what they can do. My friend in a apt in foothill ranch is going through the exact same thing. She pays her rent on time and never causes trouble they don't care she is forced out of her apt now, who knows what the next renter will be like?? All they want is more money ..It's a horrible messed up system
I'm in the same boat, except I think w/ some major saving, I can still afford it, but I plan this to HOPEFULLY be my last year here.

Last edited by Forever Blue; 04-27-2016 at 09:23 PM..
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Old 04-27-2016, 09:50 PM
 
Location: Orange County... Arizona bound
2,991 posts, read 1,619,491 times
Reputation: 4024
I know your pain forever blue. I bought a condo in 02 when I left my crappy 1 bdrm it was 1,100.00 a month now I hear it's starting at 1800,00! And not one utilitie included at least they paid my trash and water. I'm baffled on how renters do it.
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Old 04-27-2016, 10:23 PM
 
Location: Los Angeles
2,926 posts, read 1,619,756 times
Reputation: 3394
Quote:
Originally Posted by Finper View Post
I know your pain forever blue. I bought a condo in 02 when I left my crappy 1 bdrm it was 1,100.00 a month now I hear it's starting at 1800,00! And not one utilitie included at least they paid my trash and water. I'm baffled on how renters do it.
Did you mean 2002 or 2012? On a compound annual growth rate (CAGR) basis the rent increase from 02 to 16 was only about 3.6% annually. Inflation over the same period was less but that is still not crazy by LA standards. Though I agree, one nice aspect of owning is you can lock in costs.
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Old 04-27-2016, 11:04 PM
 
73 posts, read 42,165 times
Reputation: 60
Quote:
Originally Posted by Astral_Weeks View Post
Did you mean 2002 or 2012? On a compound annual growth rate (CAGR) basis the rent increase from 02 to 16 was only about 3.6% annually. Inflation over the same period was less but that is still not crazy by LA standards. Though I agree, one nice aspect of owning is you can lock in costs.
3.6% is nothing outrageous. I've seen rent increase 50% in the last 4 years in some places.
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Old 04-27-2016, 11:52 PM
 
Location: Los Angeles
2,926 posts, read 1,619,756 times
Reputation: 3394
Quote:
Originally Posted by REITS4life View Post
3.6% is nothing outrageous. I've seen rent increase 50% in the last 4 years in some places.
Yes, exactly. What is with the username: do you invest in REITs? or work for a REIT? Just curious.
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