[urbanrealtor]

Eventually all those housing units will sell but in the meantime, anything repo’d will be empty for a while. That will decrease the gross effective supply from where it might otherwise have been.
Whether that translates into effective demand is another matter. If the economy is bad enough, habitation density might increase rapidly (like during the depression). If this were followed by an expansion, there would then be a demand crisis (this is why many houses in North Park have apartments added in the back yard in the mid to late 1940’s).

It really comes down to an issue of the tension between the timing of the housing market and the timing of the broader economy.

The irony of course is that housing has gotten so bloated in the last 50 years that it is now a cause and an effect. (eg: housing drops because of job loss which lowers broader net worth which slows business which causes job losses)
Most recent history (like the last century) does not look quite this circular. And it really is something that could lead to much broader and deeper poverty and political instability (which would also slow the economy). Fun times.

[urbanrealtor]

Eventually all those housing units will sell but in the meantime, anything repo’d will be empty for a while. That will decrease the gross effective supply from where it might otherwise have been.
Whether that translates into effective demand is another matter. If the economy is bad enough, habitation density might increase rapidly (like during the depression). If this were followed by an expansion, there would then be a demand crisis (this is why many houses in North Park have apartments added in the back yard in the mid to late 1940’s).

It really comes down to an issue of the tension between the timing of the housing market and the timing of the broader economy.

The irony of course is that housing has gotten so bloated in the last 50 years that it is now a cause and an effect. (eg: housing drops because of job loss which lowers broader net worth which slows business which causes job losses)
Most recent history (like the last century) does not look quite this circular. And it really is something that could lead to much broader and deeper poverty and political instability (which would also slow the economy). Fun times.

[urbanrealtor]

Also, I am not a lawyer.
I have not been to law school.
I do, however, have a license which allows me to negotiate leases and purchases of real property.
And I do a lot of that.

Feel free ask questions.

[urbanrealtor]

Also, I am not a lawyer.
I have not been to law school.
I do, however, have a license which allows me to negotiate leases and purchases of real property.
And I do a lot of that.

Feel free ask questions.

[urbanrealtor]

Also, I am not a lawyer.
I have not been to law school.
I do, however, have a license which allows me to negotiate leases and purchases of real property.
And I do a lot of that.

Feel free ask questions.

[urbanrealtor]

Also, I am not a lawyer.
I have not been to law school.
I do, however, have a license which allows me to negotiate leases and purchases of real property.
And I do a lot of that.

Feel free ask questions.

[urbanrealtor]

Also, I am not a lawyer.
I have not been to law school.
I do, however, have a license which allows me to negotiate leases and purchases of real property.
And I do a lot of that.

Feel free ask questions.

[urbanrealtor]

[quote=CA renter]Then no lease = no obligation to pay rent????

I would withhold rent until I got a copy of the lease. You are entitled to a copy of the lease, and should demand it.

Do not take this as any kind of legal advice. Definitely talk to the attorneys mentioned above (IMHO).[/quote]

Were it me, I would not spend the money on the atty.
I would invest in one or more of NOLO press’s books on tenants rights and landord responsibility (make sure it is specific to CA).

Also, I would ask for a copy of the lease in writing. And be cool about it. Don’t turn it into an adversarial situation (at least not openly) until you have something clarifying your respective situations in writing. If the dude has misplaced the agreement then offer to write up a new offer.
If you want to use a professional form let me know.

Urbanrealtor at gmail

[urbanrealtor]

[quote=CA renter]Then no lease = no obligation to pay rent????

I would withhold rent until I got a copy of the lease. You are entitled to a copy of the lease, and should demand it.

Do not take this as any kind of legal advice. Definitely talk to the attorneys mentioned above (IMHO).[/quote]

Were it me, I would not spend the money on the atty.
I would invest in one or more of NOLO press’s books on tenants rights and landord responsibility (make sure it is specific to CA).

Also, I would ask for a copy of the lease in writing. And be cool about it. Don’t turn it into an adversarial situation (at least not openly) until you have something clarifying your respective situations in writing. If the dude has misplaced the agreement then offer to write up a new offer.
If you want to use a professional form let me know.

Urbanrealtor at gmail

[urbanrealtor]

[quote=CA renter]Then no lease = no obligation to pay rent????

I would withhold rent until I got a copy of the lease. You are entitled to a copy of the lease, and should demand it.

Do not take this as any kind of legal advice. Definitely talk to the attorneys mentioned above (IMHO).[/quote]

Were it me, I would not spend the money on the atty.
I would invest in one or more of NOLO press’s books on tenants rights and landord responsibility (make sure it is specific to CA).

Also, I would ask for a copy of the lease in writing. And be cool about it. Don’t turn it into an adversarial situation (at least not openly) until you have something clarifying your respective situations in writing. If the dude has misplaced the agreement then offer to write up a new offer.
If you want to use a professional form let me know.

Urbanrealtor at gmail

[urbanrealtor]

[quote=CA renter]Then no lease = no obligation to pay rent????

I would withhold rent until I got a copy of the lease. You are entitled to a copy of the lease, and should demand it.

Do not take this as any kind of legal advice. Definitely talk to the attorneys mentioned above (IMHO).[/quote]

Were it me, I would not spend the money on the atty.
I would invest in one or more of NOLO press’s books on tenants rights and landord responsibility (make sure it is specific to CA).

Also, I would ask for a copy of the lease in writing. And be cool about it. Don’t turn it into an adversarial situation (at least not openly) until you have something clarifying your respective situations in writing. If the dude has misplaced the agreement then offer to write up a new offer.
If you want to use a professional form let me know.

Urbanrealtor at gmail

[urbanrealtor]

[quote=CA renter]Then no lease = no obligation to pay rent????

I would withhold rent until I got a copy of the lease. You are entitled to a copy of the lease, and should demand it.

Do not take this as any kind of legal advice. Definitely talk to the attorneys mentioned above (IMHO).[/quote]

Were it me, I would not spend the money on the atty.
I would invest in one or more of NOLO press’s books on tenants rights and landord responsibility (make sure it is specific to CA).

Also, I would ask for a copy of the lease in writing. And be cool about it. Don’t turn it into an adversarial situation (at least not openly) until you have something clarifying your respective situations in writing. If the dude has misplaced the agreement then offer to write up a new offer.
If you want to use a professional form let me know.

Urbanrealtor at gmail

[urbanrealtor]

[quote=CA renter]Fredo,

Do you like the house a lot? Would you be interested in buying it at the Trustee Sale? Maybe you could contact the lender directly and let them know you’re interested.

Sorry to hear about your situation. Hope that whatever you choose to do works out well for you.

You might also consider talking to these people:

http://www.tenantslegalcenter.com/

Good luck![/quote]
CAR:
To do this you have to be able to pay cash.
With no escrow period.
And the possibility of inheriting the owner’s tax bills.

[urbanrealtor]

[quote=CA renter]Fredo,

Do you like the house a lot? Would you be interested in buying it at the Trustee Sale? Maybe you could contact the lender directly and let them know you’re interested.

Sorry to hear about your situation. Hope that whatever you choose to do works out well for you.

You might also consider talking to these people:

http://www.tenantslegalcenter.com/

Good luck![/quote]
CAR:
To do this you have to be able to pay cash.
With no escrow period.
And the possibility of inheriting the owner’s tax bills.

[urbanrealtor]

[quote=CA renter]Fredo,

Do you like the house a lot? Would you be interested in buying it at the Trustee Sale? Maybe you could contact the lender directly and let them know you’re interested.

Sorry to hear about your situation. Hope that whatever you choose to do works out well for you.

You might also consider talking to these people:

http://www.tenantslegalcenter.com/

Good luck![/quote]
CAR:
To do this you have to be able to pay cash.
With no escrow period.
And the possibility of inheriting the owner’s tax bills.

[Author]

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