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  • July 12, 2007 at 1:35 PM #9498
    Alex_angel
    Participant

    I was just informed my monthly rent is going up a $100 per month. In the last 4 years my rent has gone up $100 per year. In about 10 years it will make more sense to own than to rent. a 5-10% increase each year just seems too steep to me. Now that is another $1200 less per year I have couple with the $2500 per year more in gas I’m spending because my company moved yet my raise last year was only 2%. So basically I am making less now that I was in 2000, yet my salary is higher. Kind of sad.

    July 12, 2007 at 1:51 PM #65506
    (former)FormerSanDiegan
    Participant

    An introduction …

    Alex this is inflation. Inflation, this is Alex. The two of you are going to be seeing a lot more of each other in the next few years.

    July 12, 2007 at 1:51 PM #65569
    (former)FormerSanDiegan
    Participant

    An introduction …

    Alex this is inflation. Inflation, this is Alex. The two of you are going to be seeing a lot more of each other in the next few years.

    July 12, 2007 at 1:53 PM #65510
    (former)FormerSanDiegan
    Participant

    “In about 10 years it will make more sense to own than to rent.”

    Actually, if rent goes up 5% per year and prices drop 5% per year it will probably be more like 4 years.

    July 12, 2007 at 1:53 PM #65572
    (former)FormerSanDiegan
    Participant

    “In about 10 years it will make more sense to own than to rent.”

    Actually, if rent goes up 5% per year and prices drop 5% per year it will probably be more like 4 years.

    July 12, 2007 at 1:58 PM #65512
    mixxalot
    Participant

    Funny but my rent has stayed almost same for last 3.5 years.

    I moved to San Diego in end of 2003. My rent in Point Loma was
    $1100 per month for a nice bedroom near the beach. I just renewed my lease for another 15 months at very slight increase in rent to $1200 per month. Considering that my rent only increased by $100 over 3.5 years is not bad. Real estate is still way overpriced compared to rents here in San Diego.

    No way in hades would I pay 4k per month for a 1-2 bedroom shack condo. I am waiting for the bubble to continue its slow leak.

    July 12, 2007 at 1:58 PM #65574
    mixxalot
    Participant

    Funny but my rent has stayed almost same for last 3.5 years.

    I moved to San Diego in end of 2003. My rent in Point Loma was
    $1100 per month for a nice bedroom near the beach. I just renewed my lease for another 15 months at very slight increase in rent to $1200 per month. Considering that my rent only increased by $100 over 3.5 years is not bad. Real estate is still way overpriced compared to rents here in San Diego.

    No way in hades would I pay 4k per month for a 1-2 bedroom shack condo. I am waiting for the bubble to continue its slow leak.

    July 12, 2007 at 2:05 PM #65514
    donaldduckmoore
    Participant

    $1200/per month for a bedroom? Maybe that is why your landlord did not raise your rent.

    July 12, 2007 at 2:05 PM #65576
    donaldduckmoore
    Participant

    $1200/per month for a bedroom? Maybe that is why your landlord did not raise your rent.

    July 12, 2007 at 2:38 PM #65518
    blue_sky
    Participant

    Everytime my landlord tries to raise my rent I argue, loudly. Net result, rent up 60 bucks in 4 years.

    July 12, 2007 at 2:38 PM #65580
    blue_sky
    Participant

    Everytime my landlord tries to raise my rent I argue, loudly. Net result, rent up 60 bucks in 4 years.

    July 12, 2007 at 2:42 PM #65524
    what_a_disasta
    Participant

    Just tell your landlord to stick their rent increase next time. If they say no, leave. They will easily lose the 1200 in the month or months the house is vacant unless they can get someone in right away.

    Unless you have very specific requirements, it’s very easy to find a new place. There are hundreds of landlords hoping to rent to you on craigslist every day. Landlords who get greedy on rents will find themselves with empty houses unless they can get timid tenants who bend over and take whatever is thrown at them.

    July 12, 2007 at 2:42 PM #65587
    what_a_disasta
    Participant

    Just tell your landlord to stick their rent increase next time. If they say no, leave. They will easily lose the 1200 in the month or months the house is vacant unless they can get someone in right away.

    Unless you have very specific requirements, it’s very easy to find a new place. There are hundreds of landlords hoping to rent to you on craigslist every day. Landlords who get greedy on rents will find themselves with empty houses unless they can get timid tenants who bend over and take whatever is thrown at them.

    July 12, 2007 at 3:05 PM #65528
    poorgradstudent
    Participant

    There’s a huge difference between a 5% annual rent increase (not that much higher than inflation) and 10% (rather high, and may be the max allowed by law in California?)

    Considering your company moved, it may be time to shop around for a place closer to where you work, especially if you can find a motivated property owner.

    July 12, 2007 at 3:05 PM #65591
    poorgradstudent
    Participant

    There’s a huge difference between a 5% annual rent increase (not that much higher than inflation) and 10% (rather high, and may be the max allowed by law in California?)

    Considering your company moved, it may be time to shop around for a place closer to where you work, especially if you can find a motivated property owner.

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