How do you JUSTIFY raising someone's rent by $300 a month in PHOENIX?? How??? (Mesa: rental, loan)

[FirebirdCamaro1220]

Originally Posted by Voebe

But is anyone surprised to find that some landlords are unconscionably greedy?

They seem to think there's a plethora of potential tenants with money falling out of their @$&#oles

[asufan]

Originally Posted by Voebe

But is anyone surprised to find that some landlords are unconscionably greedy?

Again, it's not greed, it's reaping the rewards of a risk you took specifically to make money. All I am reading from some is negative talk "I can't do this, can't do that". You can't have it all and coast by, live in the hip area you want to without taking steps to increase your income.

[madison999]

Originally Posted by FirebirdCamaro1220

They seem to think there's a plethora of potential tenants with money falling out of their @$&#oles

Until their bottom line is negatively affected, there is no reason for them to think otherwise.

Unless there is some enormous economic upheaval, expect things to get much, MUCH worse here. It's just the game and there's nothing that can be done about it.

[Heidi60]

The market price will continue to go up until it reaches its breaking point, like the Bay Area is now experiencing. There is always someone willing to take your place - that is the way the world works.

[RationalExpectations]

Originally Posted by FirebirdCamaro1220

It's good for landlords, $#!++y for their tenants

No, it is good for society. Having prices be actual market prices is important for the allocation of risk capital.

No one likes to pay more for something -but in the long run, getting an efficient allocation of risk capital leads to everyone being better off than in a world with market distortions.

[RationalExpectations]

Originally Posted by FirebirdCamaro1220

Yeah, well anything I would want to buy requires a down-payment I won't have until the fiancee finishes her bachelor's and can increase her income. So to stay centrally located and not have a life draining commute, I put up with renting for now

In other words, it is voluntary. You are better off by doing this - otherwise, you would do something else.

[FirebirdCamaro1220]

Originally Posted by RationalExpectations

No, it is good for society. Having prices be actual market prices is important for the allocation of risk capital.

No one likes to pay more for something -but in the long run, getting an efficient allocation of risk capital leads to everyone being better off than in a world with market distortions.

Not really, not when rent growth and purchase price growth exceed wage growth. That just makes the population poorer in real terms

[LS Jaun]

Originally Posted by Three Wolves In Snow

This is the only post addressing the real issue. CA has been bought out by foreigners who jack the price, which causes (along with too high taxes) people to flee CA, where they end up jacking the prices in their new area. That could be AZ, WA, CO, ID, TX, etc.

There’s a problem, and no one wants to talk about it or admit it.

Yep, if it wasn't for the huge influx of people coming in from other countries our housing market would be stagnant or shrinking. Double edge sword. Makes it lucrative for those who have money in real estate, and it's not good for those who rent.

[trailtramp]

Perfect example of capitalism at its most destructive. That is why we need checks and balances in our government. Capitalism is great as it allows free markets (which this situation is perfect example of) to respond to supply and demand, benefitting those that are able to work the system.

What balances capitalism is, in theory, our democratic society which should even out the excesses of capitalistic activity. History showed that we achieved that, to some degree and most successfully, with the excesses of the 1920's, the market crash, and the laws put in place by Roosevelt in the 40's to balance the interests of the wealthy and common man society.

Those balances began to erode in the 1980s with great speed by the intentional dismanteling of regulations over corporate power and influence by trickle down guru, celebrity actor, fireside speakeasy nice old grandpa and influential speaker Ronnie Reagan.

We are where we are because the public has given absolute power and control to corporations.

The only way to maintain a balance for a healthy democracy and balance for citizens is to maintain that balance of power through our right for all eligible citizens to vote.

[wase4711]

Originally Posted by trailtramp

Perfect example of capitalism at its most destructive. That is why we need checks and balances in our government. Capitalism is great as it allows free markets (which this situation is perfect example of) to respond to supply and demand, benefitting those that are able to work the system.

What balances capitalism is, in theory, our democratic society which should even out the excesses of capitalistic activity. History showed that we achieved that, to some degree and most successfully, with the excesses of the 1920's, the market crash, and the laws put in place by Roosevelt in the 40's to balance the interests of the wealthy and common man society.

Those balances began to erode in the 1980s with great speed by the intentional dismanteling of regulations over corporate power and influence by trickle down guru, celebrity actor, fireside speakeasy nice old grandpa and influential speaker Ronnie Reagan.

We are where we are because the public has given absolute power and control to corporations.

The only way to maintain a balance for a healthy democracy and balance for citizens is to maintain that balance of power through our right for all eligible citizens to vote.

Not true at all; we are where we are because the scumbag politicians, that keep getting re elected, line their pockets with cash/election contributions from these corporations, and would NEVER do anything to control their greed and profits..

Term limits would help, but dont hold your breath waiting for these jerks to vote for that..