How do you JUSTIFY raising someone's rent by $300 a month in PHOENIX?? How??? (Peoria: rental market, low crime)

[2nd trick op]

I didn't directly inherit the large house in which I live, but I got an opportunity to buy it from a relative's estate; I remodeled it and cut it into three apartments, plus my own living quarters. My tenants are "displaced" singles -- usually female. I can always use some help for minor chores (mowing the lawn, snow removal, etc.) so I let a good tenant take some of the rent "out in trade"

I can do this because I have one small property; it's not possible for a large, impersonal apartment complex.

China is evolving toward capitalism -- including the small-scale "proprietary" capitalism practiced in every small community of every "first world" nation -- but the predecessor state was a brutal dictatorship, on a par with Nazi Germany and Stalin's Soviet Union. There will be plenty of "bumps in the road", just as a purely capitalist economy (think Great Britain in 1840) evolved in the opposite direction.

[rranger]

THANK YOU for POSTING this. It HAS given me a LAUGH and made my DAY! WHAT you don't MENTION is WHAT the STARTING point for ALL of this WAS and for how LONG. If the starting point WERE $3,000, then a $300 INCREASE MIGHT not HAVE been SO bad. ALSO, if the RENT weren't RAISED for a DECADE, then it might BE overDUE. NOT enough INFORMATION to JUDGE from your hypothetical SCENARIO.

[Valley Native]

Originally Posted by MissMouse111

That's not true. I didn't want to come here. My first choice was Vegas. I was told it was AFFORDABLE here!

So take your trap and kiss it goodbye.

It is not typical of me. I don't expect cheap. I expect REASONABLE!! I was told it was reasonable here! CA is NOT REASONABLE!

I'm surprised with your ATTITUDE you don't live in CALIFORNIA! People like you would thrive there...

I hear this cold rumor going around that if you don't make in California, you end up here in second tier Arizona! Bitter much?

I think you're a very bitter person who gets off on attacking people! What does your reply say about you? *cough* *cough*

PS And this story is NOT ABOUT ME. I'm doing fine. I'm addressing the CA company that bought out my apartment complex. It is based upon a frustrated reviewer that I felt bad for. End of story.

You're projecting your own frustrations on to me. I'm good.

And many complaints? It's been quite a while since I last posted.

Hey, don't lash out at me. You're the one who starts these ridiculous ranting threads. Now you claim to be writing on behalf of another person. On that other thread from several years ago, you claimed to have moved to Albuquerque. What happened? Couldn't hack it there either ... or are you now going to claim the whole Albuquerque thing was you playing the part of another person? Who are you, Norma Bates???

You've received advice from different ones regarding all these complaints, but yet, you keep posting the same garbage time after time. As far as I'm concerned, you're a troll and a phony. If you're doing fine, then put an end to this b.s. once & for all and get a life. If you don't like my reply, too bad. Suck it up, buttercup!

[RationalExpectations]

Originally Posted by MissMouse111

There is no real limit to the amount that landlords can legally raise their rent prices.

This is a good thing. This is as it should be. Everyone who passed Econ 101 knows why.

[FirebirdCamaro1220]

Originally Posted by RationalExpectations

This is a good thing. This is as it should be. Everyone who passed Econ 101 knows why.

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

[Three Wolves In Snow]

Frankly, I cant wait to turn 55 so I can get senior housing. Cheaper but way nicer, and no trashy people. Rents are always a good $300+ cheaper than “going market rate” at regular complexes.

Of course, by the time I hit 55, they’ll either raise the age limit or the world will have ended. Still, I look forward to it. Seniors tend to go to bed early, so the peace and quiet is going to be glorious.

[Steve19605]

Originally Posted by FirebirdCamaro1220

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

But doesnt it work the same way for everything? Products, services labor/wages

[john3232]

Originally Posted by FirebirdCamaro1220

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

So what? There was no sympathy for me when I bought in 2005 and two years later property values dropped like a rock. In fact many were gleeful. Happy to see the housing market crash.

However, I worked like crazy not to lose the properties and rode out the massive downturn in property values. And by massive I mean a home bought in 2005 for 210,000 was worth 75-80 grand in 2009.

Today I reap the rewards of the financial risks I took. Not sure if I would do it again but I made my bed and learned to sleep in it. Granted there were a lot of nights I couldn't sleep.

However, blaming the government, lending intuitions or whomever didn't change the fact no one forced me to sign on the dotted line. I did that and it was up to me to get out of the mess. And to make matters worse I was 45 at the time.

We often hear about those who graduated college with a 100 grand debt and cry foul. However, they are learning a valuable lesson regarding financial responsibility. A lesson probably more important than anything they learned during their 4 or 5 years in college.

[FirebirdCamaro1220]

Originally Posted by Steve19605

But doesnt it work the same way for everything? Products, services labor/wages

Except that people always seem to not complain when the price of goods and services go up NEARLY as much as when wages go up. That's the problem

[FirebirdCamaro1220]

Originally Posted by john3232

So what? There was no sympathy for me when I bought in 2005 and two years later property values dropped like a rock. In fact many were gleeful. Happy to see the housing market crash.

However, I worked like crazy not to lose the properties and rode out the massive downturn in property values. And by massive I mean a home bought in 2005 for 210,000 was worth 75-80 grand in 2009.

Today I reap the rewards of the financial risks I took. Not sure if I would do it again but I made my bed and learned to sleep in it. Granted there were a lot of nights I couldn't sleep.

However, blaming the government, lending intuitions or whomever didn't change the fact no one forced me to sign on the dotted line. I did that and it was up to me to get out of the mess. And to make matters worse I was 45 at the time.

We often hear about those who graduated college with a 100 grand debt and cry foul. However, they are learning a valuable lesson regarding financial responsibility. A lesson probably more important than anything they learned during their 4 or 5 years in college.

I don't have sympathy for you when you gleefully talk about raising your rent 50% and not re-signing your tenants. Worlds smallest violin playing for all the landlords