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Old 11-23-2010, 07:35 PM
 
Location: Forests of Maine
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Generally you don't pay both property taxes and rent though.
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Old 11-23-2010, 08:57 PM
 
Location: Los Angeles area
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Quote:
Originally Posted by forest beekeeper View Post
Generally you don't pay both property taxes and rent though.
Quite true, but increases in property taxes tend to put upward pressure on rents as the landlords seek to pass on the increased costs to their tenants. All who rent in effect pay the property taxes through their rents, even though they don't pay them directly.
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Old 11-23-2010, 09:13 PM
 
Location: Forests of Maine
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Originally Posted by Escort Rider View Post
Quite true, but increases in property taxes tend to put upward pressure on rents as the landlords seek to pass on the increased costs to their tenants. All who rent in effect pay the property taxes through their rents, even though they don't pay them directly.
I understand, have you actually seen rents go up in the past year?

A year ago we were lower our rents in an effort to hold tenants. I find it hard to imagine anyone today raising rents.



As to taxes we paid our annual taxes on our sedan today; $120 for an '08 Chevy. Here it goes down each year as the vehicle ages.
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Old 11-23-2010, 09:22 PM
 
Location: Los Angeles area
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Originally Posted by forest beekeeper View Post
I understand, have you actually seen rents go up in the past year?
A year ago we were lower our rents in an effort to hold tenants. I find it hard to imagine anyone today raising rents.
As to taxes we paid our annual taxes on our sedan today; $120 for an '08 Chevy. Here it goes down each year as the vehicle ages.
You are right. There are other market forces at work determining rental rates which are stronger than property taxes. My statement was overly theoretical.
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Old 11-23-2010, 11:28 PM
 
Location: Cleveland Heights OH
13,184 posts, read 9,213,749 times
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Quote:
Originally Posted by forest beekeeper View Post
I understand, have you actually seen rents go up in the past year?

A year ago we were lower our rents in an effort to hold tenants. I find it hard to imagine anyone today raising rents.



As to taxes we paid our annual taxes on our sedan today; $120 for an '08 Chevy. Here it goes down each year as the vehicle ages.
Where do you have your apartments and are there any vacancies?

Where I live, Portland Oregon, landlords increase rents every year and often every few months since we have mostly month-to-month rentals.
I mean in every area. I have lived in my present apartment for three years and have gotten a $20 rent increase each year including the first one. I have had to move more often than I care to think because I could no longer afford the rent where I was living. I have gotten huge rent increases over $100 in some places.

No landlord here would ever dream of lowering a rent let alone keeping it the same every year. Maybe there is the rare expeption but I haven't found one in the 30 plus years I have lived here.

If the OP can live on $1000 a month more power to him or her. Not everyone could do this and I think it doesn't take emergencies into account but it's worth a try.
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Old 11-24-2010, 03:32 AM
 
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Originally Posted by Minervah View Post
Where do you have your apartments and are there any vacancies?

Where I live, Portland Oregon, landlords increase rents every year and often every few months since we have mostly month-to-month rentals.
I mean in every area. I have lived in my present apartment for three years and have gotten a $20 rent increase each year including the first one. I have had to move more often than I care to think because I could no longer afford the rent where I was living. I have gotten huge rent increases over $100 in some places.

No landlord here would ever dream of lowering a rent let alone keeping it the same every year. Maybe there is the rare expeption but I haven't found one in the 30 plus years I have lived here.

If the OP can live on $1000 a month more power to him or her. Not everyone could do this and I think it doesn't take emergencies into account but it's worth a try.
The best we have been able to do is $1,600 a month. If we didn't have about $500 a month in medical insurance premiums and prescription and doctor co-pays, then we would be close, but still over $1,000/mo. And that really wouldn't take into account certain emergencies. We do include $100 a month for car maintenance, but our actual car maintenance has been less than $300 a year since we drive so few miles. I guess that excess could go toward emergencies.
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Old 11-24-2010, 05:05 AM
 
Location: New England
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Originally Posted by forest beekeeper View Post
Generally you don't pay both property taxes and rent though.
I meant one or the other. On another note, renters suffer the increases in rent when property taxes go up for the owner. Owners and renters are in the same boat as far as rising costs.
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Old 11-24-2010, 05:07 AM
 
Location: New England
11,311 posts, read 7,156,592 times
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Quote:
Originally Posted by forest beekeeper View Post
I understand, have you actually seen rents go up in the past year?

A year ago we were lower our rents in an effort to hold tenants. I find it hard to imagine anyone today raising rents.



As to taxes we paid our annual taxes on our sedan today; $120 for an '08 Chevy. Here it goes down each year as the vehicle ages.
In Mass. I pay $26/yr in excise tax for a 2005 Corolla. $120 seems high (?)

In my area of New England rents have never ever gone down. It's a highly concentrated college area. Hard to find a rent for less than$1000 for an apt. but doable if you live in a town adjacent to the main college towns. Once in a while, esp in an owner-occupied multi, you can get heat included.
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Old 11-24-2010, 05:12 AM
 
Location: New England
11,311 posts, read 7,156,592 times
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Originally Posted by isabella20 View Post
The best we have been able to do is $1,600 a month. If we didn't have about $500 a month in medical insurance premiums and prescription and doctor co-pays, then we would be close, but still over $1,000/mo. And that really wouldn't take into account certain emergencies. We do include $100 a month for car maintenance, but our actual car maintenance has been less than $300 a year since we drive so few miles. I guess that excess could go toward emergencies.
You had mentioned moving to California. If so I don't know how you could do without a car. Where my sister lives (upscale) she needs to get on the highway to go get a few groceries. Wondering how that will play out when she's 75 or 80.
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Old 11-24-2010, 07:02 AM
 
Location: North Baltimore ----> Seattle
6,476 posts, read 5,339,789 times
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Quote:
Originally Posted by forest beekeeper View Post
As to taxes we paid our annual taxes on our sedan today; $120 for an '08 Chevy. Here it goes down each year as the vehicle ages.
An annual car tax?!? I've never heard of that. Or does that include the registration?
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