U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Pennsylvania > Pittsburgh
 [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 03-25-2012, 05:58 AM
 
5,453 posts, read 7,784,209 times
Reputation: 2141

Advertisements

We spoke with several ppl (who own homes- NOT rent their homes) and they were shocked to hear a 3/1 was listed for $1450. Their words were: "That's like a mortgage+ insurance+ taxes!!!"

When I emailed several of these people this is the response I received:
"Mt. Lebanon raised the taxes for the coming year, so rent is higher now, unfortunately."

Why is it the Renter's fault that we have to pay for this now? we did not raise your taxes, and it is beyond fair to assume that someone who is renting is a millionaire (or stupid) to pay such a ridiculous amount for such a tiny place!? (with a narrow driveway, one car garage, and not even 2 bathrooms).

If you don't want a mortgage then don't buy a house; not my fault you can't afford your payments! and definitely don't make US pay it for you; (or pay for YOUR retirement or college education!!!) We have our OWN to pay for, and IF we wanted a mortgage, we would get one. Its not that hard.

Find a job to make money at, and stop sucking at the people who DON'T want a mortgage because you think you are superior somehow. You too will be dead, and buried 6 feet underground with NONE of your POSSESSIONS around you! and remember that when you were born, you were NOT born with the "right" to take advantage of other people!!!!!!!!!!

Reply With Quote Quick reply to this message

 
Old 03-25-2012, 06:16 AM
 
674 posts, read 1,214,530 times
Reputation: 684
Being a landlord is not a charitable endeavor. Not sure why you think a landlord should lose money so you can afford to rent there. This is silly.

This is supply and demand. Rent is that high because there are people willing to pay it. You are the one who insisted on living in a highly desirable upper class area. That comes at a cost.

Why on earth would a landlord rent for anything less than mortgage plus insurance, taxes and other expenses?

You're the one who sounds like you want to take advantage of people. You want something for nothing, or at least less than its value/cost. If you don't like it, which it seems you don't because you CONSTANTLY complain about it - MOVE!

$1450 for a 3/1 in a highly desirable area sound perfectly acceptable to me. Bet you those listings will go in no time.
Reply With Quote Quick reply to this message
 
Old 03-25-2012, 06:27 AM
 
5,453 posts, read 7,784,209 times
Reputation: 2141
This is not Mt Lebo specific!

"Supply & Demand" is pure BS...from the same "speculators" that are raising gas prices.

WE did not raise your taxes. There is no excuse to make "US" pay for it. If you don't want to pay taxes, then don't buy a house.
Reply With Quote Quick reply to this message
 
Old 03-25-2012, 06:35 AM
 
Location: Great White North Hills
11,363 posts, read 14,219,915 times
Reputation: 9008
Maybe you shouldn't rent that house if you can't afford it.
Reply With Quote Quick reply to this message
 
Old 03-25-2012, 06:37 AM
 
974 posts, read 1,366,931 times
Reputation: 1032
Quote:
Originally Posted by algia View Post
This is not Mt Lebo specific!

"Supply & Demand" is pure BS...from the same "speculators" that are raising gas prices.

WE did not raise your taxes. There is no excuse to make "US" pay for it. If you don't want to pay taxes, then don't buy a house.
If you don't want to absorb the cost of the taxes, whose benefits you reap, then don't rent.
Reply With Quote Quick reply to this message
 
Old 03-25-2012, 06:44 AM
 
674 posts, read 1,214,530 times
Reputation: 684
Quote:
Originally Posted by algia View Post
This is not Mt Lebo specific!

"Supply & Demand" is pure BS...from the same "speculators" that are raising gas prices.

WE did not raise your taxes. There is no excuse to make "US" pay for it. If you don't want to pay taxes, then don't buy a house.
You obviously do not have the slightest understanding of how any business works. Being a landlord is a business.

Answer this question: Why should a landlord rent to you for a price that is a loss on their end? Please explain.
Reply With Quote Quick reply to this message
 
Old 03-25-2012, 06:47 AM
 
267 posts, read 316,997 times
Reputation: 313
Quote:
Originally Posted by algia View Post
If you don't want to pay taxes, then don't buy a house.
In that same vein, if you don't want to pay that high of rent then don't pay it, just go live somewhere else. That's the beauty of the real estate market, you pay more in some places and areas and less in others. You, the consumer, get to decide where you want to live and how much you are willing to pay.

Do you think landlords are just going to pay for the increased taxes, or pass those raised taxes on to their tenants?

On another note, Supply and Demand is very real when it comes to setting prices. However, you bring up the example of gas prices. When considering the Economics of the gas industry an additional Economic theory comes into play called Elasticity, which show that in the gas industry the laws of supply and demand don't always work when your life circumstances dictate that you have to buy a certain item regardless of the cost (or be willing to make significant life changes). This is the elasticity of the cost for which people are willing to take. We all should ask ourselves, at what price of gas does it make sense to change our habits and start riding the bus, walking, carpooling, biking, etc to get around.

While overall we have seen a long standing decline in US gas demand, we also have to keep in mind that internationally the rise of living standards and massive automobile industry growth in China and India have driven a global demand increase. With the demand increasing and the supply not increasing, we have seen those prices increase and will see that trend continue for the foreseeable future. Global demands are slated to continue rising, and our global supplies will soon start to shrink or at the very best stay the same.
Reply With Quote Quick reply to this message
 
Old 03-25-2012, 06:47 AM
 
674 posts, read 1,214,530 times
Reputation: 684
Quote:
Originally Posted by algia View Post
We spoke with several ppl (who own homes- NOT rent their homes) and they were shocked to hear a 3/1 was listed for $1450. Their words were: "That's like a mortgage+ insurance+ taxes!!!"

When I emailed several of these people this is the response I received:
"Mt. Lebanon raised the taxes for the coming year, so rent is higher now, unfortunately."

Why is it the Renter's fault that we have to pay for this now? we did not raise your taxes, and it is beyond fair to assume that someone who is renting is a millionaire (or stupid) to pay such a ridiculous amount for such a tiny place!? (with a narrow driveway, one car garage, and not even 2 bathrooms).

If you don't want a mortgage then don't buy a house; not my fault you can't afford your payments! and definitely don't make US pay it for you; (or pay for YOUR retirement or college education!!!) We have our OWN to pay for, and IF we wanted a mortgage, we would get one. Its not that hard.

Find a job to make money at, and stop sucking at the people who DON'T want a mortgage because you think you are superior somehow. You too will be dead, and buried 6 feet underground with NONE of your POSSESSIONS around you! and remember that when you were born, you were NOT born with the "right" to take advantage of other people!!!!!!!!!!

By the way, the part you highlighted in bold red says Mt. Lebanon. So it sure seems Mt. Lebanon specific.

$1450 for a 3/1 single family home anywhere in a decent suburb seems fairly reasonable to me.
Reply With Quote Quick reply to this message
 
Old 03-25-2012, 06:50 AM
 
5,002 posts, read 4,258,555 times
Reputation: 3020
As a former landlord, and yes, our properties were in NY, but I hope to show you from a landlords point of view.

The taxes on our property went from $5000 to $9000 in the years we owned them. So if I kept the rent at say $1700 which it was when the taxes were $5000, and didnt raise it even though the taxes went up, i would be loosing money. Of course the rent has to go up ; everything else does.

It is a business descision. That along with the fact that many times I have had to cover mortgage payments even though the rent wasnt paid on time, or the tenant left with a lot of damage.

As long as a landlord can break even on the expenses, thats ok. But when the taxes go up, we cannot.
Reply With Quote Quick reply to this message
 
Old 03-25-2012, 06:50 AM
 
5,453 posts, read 7,784,209 times
Reputation: 2141
"I" won't rent that house NOT because we can't afford it, we can, but because we refuse to pay an unrealistic amount versus the space it provides!

"I" am not asking a "landlord" to rent a house for less than what it's worth, I expect landlords to ask what is appropriate for the space their house provides. I am not saying that a 3/1 should rent for $20 bucks...but a normal rate for THAT kind of space (considering that in a tree bedroom home there are at least 2 adults and potentially one child) $1250 is TOPS. I don't care what your mortgage is. I did not make you get a mortgage.

"Loss at their end". Then sell it, and wash your hands.

I don't have to absorb your taxes. You bought the house, you absorb it.
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 > Pennsylvania > Pittsburgh
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

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