U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California > Los Angeles
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 05-01-2016, 07:13 PM
 
Location: West Hollywood, CA
1,367 posts, read 1,628,033 times
Reputation: 1784

Advertisements

Quote:
Originally Posted by REITS4life View Post
Wasn't there some post you had showing pictures of skyscrapers by the beach and wanting LA to look like that?
we can totally do that, as long as we fire the entire transportation department because they have all failed traffic engineering class & change main streets like Olympic, Santa Monica Blvd, Pico, La Cienega, etc. to one-way streets.

Reply With Quote Quick reply to this message

 
Old 05-02-2016, 04:24 AM
 
Location: Chandler, AZ
5,798 posts, read 5,237,191 times
Reputation: 3107
Inmigration into the city of LA continues to decline since the state's housing policies favor apartments over SFRs by a very wide margin, and worsens the availability of land for SFRs which consumers favor by an equally wide or even wider margin, resulting in millions of folks leaving the state as they've been doing for ages according to the Censud Bureau and numerous demographers have poinred out for communities where SFR construction and other family-friendly policies are the rule.

TRULY affordable housing in this state is impossible to produce thanks to our Governor and his fellow no-growth zealots who've ruled the roost going back to his first stint as Governor.
Reply With Quote Quick reply to this message
 
Old 05-08-2016, 04:13 PM
 
Location: Tri-State area near the colorado river
285 posts, read 232,299 times
Reputation: 111
Quote:
Originally Posted by Forever Blue View Post
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!!!





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.
They're not renting to you at the market rate, which for San Bernardino would be about 800 a month, the same as Vegas. They're rent is an artificially increased rent due to rent maximizing software. Vegas has their own, local property managers who don't use the software.
Reply With Quote Quick reply to this message
 
Old 06-10-2016, 01:16 AM
 
Location: Leaving Phoenix and Snobsdale
218 posts, read 212,112 times
Reputation: 107
Quote:
Originally Posted by theoaks View Post
They're not renting to you at the market rate, which for San Bernardino would be about 800 a month, the same as Vegas. They're rent is an artificially increased rent due to rent maximizing software. Vegas has their own, local property managers who don't use the software.
So does Phoenix.

This seems to be a very popular topic here.

The kooks at the corps - the kooks running the corporate apartment complexes in california.
Reply With Quote Quick reply to this message
 
Old 06-11-2016, 11:25 AM
 
Location: Los Angeles (Native)
24,151 posts, read 13,675,815 times
Reputation: 11364
Rents will continue to increase, as long as demand continues to increase.
Reply With Quote Quick reply to this message
 
Old 06-11-2016, 11:41 AM
 
Location: Earth
17,449 posts, read 22,953,730 times
Reputation: 7246
Quote:
Originally Posted by jm1982 View Post
Rents will continue to increase, as long as demand continues to increase.
For how much longer, though?
Reply With Quote Quick reply to this message
 
Old 06-11-2016, 11:56 AM
 
229 posts, read 154,233 times
Reputation: 316
Quote:
Originally Posted by socal88 View Post
Bottom line is there's still a ton of demand for infill LA as hiring has improved and east coasters continue to flee nasty winters back east. Compared to the last 3 years which has seen annual mid-to-high single digit growth in some areas, the rate of growth will likely decelerate, but until there's enough new housing supply to reasonably offset demand, I don't see rents stagnating any time soon.

LA is going to need to start going more vertical more I'm afraid. Also, it doesn't help that LA is a major safe haven for foreign capital especially from Asia, pushing home prices and some other real estate assets up because they've got so much cash to spread around.
If you hit these FOREIGN investors with a huge excise tax,this would stop. And every normal,working Joe can afford a home here. A 2bdr/1 bath 1100 Sqft home in Lake Balboa? 700k? ****ing ridiculous.
Reply With Quote Quick reply to this message
 
Old 06-11-2016, 01:13 PM
 
Location: Earth
17,449 posts, read 22,953,730 times
Reputation: 7246
Quote:
Originally Posted by jr6035 View Post
If you hit these FOREIGN investors with a huge excise tax,this would stop. And every normal,working Joe can afford a home here. A 2bdr/1 bath 1100 Sqft home in Lake Balboa? 700k? ****ing ridiculous.
Repealing Prop 13 would also stop it. As would raising interest rates, repealing the mortgage interest deduction, and increasing the supply a lot more.
Reply With Quote Quick reply to this message
 
Old 06-11-2016, 01:18 PM
 
1,856 posts, read 2,038,779 times
Reputation: 3940
Quote:
Originally Posted by majoun View Post
Repealing Prop 13 would also stop it. As would raising interest rates, repealing the mortgage interest deduction, and increasing the supply a lot more.
Hey there real estate genius, we're all still waiting for your prediction of Porter Ranch turning into Pacoima to come true.
Reply With Quote Quick reply to this message
 
Old 06-11-2016, 01:38 PM
 
271 posts, read 142,824 times
Reputation: 179
Quote:
Originally Posted by majoun View Post
For how much longer, though?
If you could answer that with 100% certainty you would never have to work a day in your life.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > Los Angeles
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top