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[quote=CA renter]

This is why we have a credit bubble. There is no lack of credit. The problem is the inability to pay off the debt already accumulated — on all levels.[/quote]

Great posts on this thread…

At any rate, the statement above is why we may not see a sharply higher across the board inflation.

As Martin Armstrong points out, a lot of de-leveraging is occurring at all levels as well.

[paramount]

Does anyone know if Operation Twist is still operating?

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[quote=CA renter]Everybody is crowding into RE which tells me it’s a better time to sell than buy (though prices could admittedly be run up for quite a while, just like any bubble).[/quote]

In other words Bernanke is trying to re-inflate the housing bubble….?

[paramount]

I’m certainly not an expert on QE, but this so-called QE3 seems more like a banker bailout than anything else since the feds are buying mortgages from the banksters as I understand.

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[quote=Allan from Fallbrook][quote=paramount]Why not pledge allegiance to a candidate that is not irritating at all?

Ron Paul Write In Campaign 2012 [/quote]

Paramount: Have you looked at Gary Johnson yet? I’m planning on writing him in come November.

It’s not like a GOP vote goes anywhere in this state, anyway.[/quote]

Yes, I have. I would support Gary Johnson.

There could be one advantage to having Romney in office though: Obama could do some serious damage to the country knowing he’s not up for reelection.

[paramount]

Why not pledge allegiance to a candidate that is not irritating at all?

Ron Paul Write In Campaign 2012

[paramount]

Rates projected to go down sounds like a bad time to be a re investor.

Obviously the fed is encouraging home ownership with qe3.

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UR: I don’t disagree with your examples at all.

[paramount]

[quote=briansd1]I was raised Catholic, but I’m atheist. Don’t believe in Jesus at all.[/quote]

Thread Hi-Jack.

There is strong (really indisputable) evidence that Jesus did live.

[paramount]

[quote=urbanrealtor]
Personally, I would sue first and ask questions later. Specifically, I would send a letter (or email or fax) to the landlord explaining why the “damages” were either antecedent to your possession or expected given the useful life and also explain the law. Then I would wait 1 week and sue. I would also mention in the letter that they had 7 days to respond before I sued.

I would then sue for $10k (max for small claims) and see if you get an offer to settle.

[/quote]

Never-mind personal responsibility…

[paramount]

Thanks everyone.

It appears that California law does not assign a definite life of carpet, but based on my research (including state published landlord/tenant guides) 10 years seems to be supported by case law and other documentation.

Part of the problem I’m having is that a property management company handled the move-in, and I have since ended my relationship with that company (for good reason).

I know that they took pics of the property prior to move in, and I do have them.

I don’t think they had a pre move-in inspection, but there were issues noted on the lease (and carpet smells were not one of them).

[paramount]

[quote=briansd1]
I’m a situational American when it comes to creature comforts. I can adapt.[/quote]

But I think it’s safe to say your not Catholic.

[paramount]

[quote=SD Realtor]I believe if you have documented proof of damage that is specific to this tenant and is beyond what would be considered normal wear and tear, then you will be okay. If it were me, I would keep the deposit and apply it to the carpet. If the tenant wants to challenge then they will take you to small claims court. Then it will boil down to your documentation (ie before and after pictures) and whether the judge views the damage as beyond wear and tear.[/quote]

The damage was cat urine.

I can’t really prove it was not previously there – how could I?

And while I do have pictures (pre move in), they won’t show the urine (the carpet is brown).

I kept the carpet and yes the staining is obvious with the carpet pulled up (the backing is stained).

The smell was pretty bad.

[paramount]

Under California law, carpet has a 10 year life expectancy. However, does that still apply if a pet destroys the carpet (as in my case)? For example, my lease is written with the following stipulation (as part of a pet addendum):

8. Tenant will be held responsible for all costs associated with replacing the carpet should it be damaged by the pet. If the carpet is damaged and needs replacing but the existing carpet can’t be matched, the tenant shall pay to have the
entire unit carpeted. Any additional costs for sealing the floors or walls will also be the tenant’s responsibility.

Can the lease trump state law?

[paramount]

Countries have to agree to participate.

Check the news right now, Greece is burning as I write this, so is Spain. Italy will be next.

More austerity? That’s going to be a tough sell.

[Author]

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