I’m curious what jobs these ‘tons of professional families’ are filling?
I’m a software engineer at one of the largest single employers in San Diego and there isn’t any job growth here.
One of the guidelines I used when screening tenants was that their monthly income needed to be 2.5 or 3 times the rent.
2.5 times $2500 is $6250/mo or $75k/year.
How many new jobs are being created in San Diego that pay $75K/year?
I have heard the argument that demand for rental housing increases as a real estate market cools but I don’t buy it. As powayseller points out, the people who will be losing homes won’t have the finances to rent a $2500/month house. Not to mention the fact that many landlords aren’t going to rent to someone who has just been foreclosed or who just mailed the keys back to the bank.
You didn’t rag on me about my negative attitude but if powayseller has one then I must have one too.
But is it really a negative attitude or is it disgust and frustration at a country that is corrupt from top to bottom?
And then when we try to share with people that the country is headed for financial disaster they treat us like we have three heads or leprosy or something.
I won’t speak for powayseller, but personally, after almost 5 years of trying to educate people, I have lots of days where I say to myself, “F**k ’em, they’ll get exactly what they deserve.”
