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Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!

 
DeploraVision ™

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03/05/2019 08:13 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Soon homes will be worth millions and millions of dollars.
 Quoting: Anonymous Coward 8309545


Trillions...

That being said. DO NOT buy now unless you are a pro and know how to flip fast. This is the TOP of the market.

Everyone is buying now. I have a fuckton of equity, but I will not buy in this market. Buy when everyone else is afraid to buy. There's waay too much confidence now.

..unfortunately you'll be stuck renting for another 4 years or so until the next downward cycle. The liberals are pressuring banks to offer NINJA loans to subprimes again, so its just a matter of time. It will carsh again.
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Anonymous Coward (OP)
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03/05/2019 08:13 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
And some people try and say high home prices are a good thing and equals a strong economy. Bullfuckingshit! High home prices are a very very bad thing and equals a total shit economy. I don't give a fuck what the stock market is. Noone in their right mind would say the economy is great right now.
 Quoting: Anonymous Coward 68767733


Unlike you, I can recognize I made the poor choice. I cant blame anyone else but myself
Anonymous Coward
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03/05/2019 08:13 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
I could rent a 4 bedroom house for $400 in a "bad" area of Indiana in the 90's. If you asked your buddy to rent a closet for that in California today, you would be laughed at and if you don't laugh along and have friends like mine you will probably get punched too. Just for having the gall.
Anonymous Coward
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03/05/2019 08:14 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
It's because of foreign investment in American properties. There is no limit on how much foreign money can be invested in real estate in the US. So next time you're looking for a rental or property to purchase, remember, you're not only competing against those in your area but everybody in the world.
Anonymous Coward (OP)
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03/05/2019 08:15 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Back in 2012 I had the chance to buy a house in my area for a real good price, 4 bdr 1.5 bath for 237k I thought the market might go down more... I got greedy. I was paying $1500/month for my 2 bedroom apt then. I just got my renewal letter, my property now wants $2400 for the same 2 bedroom place I was renting.... Why did I listen to the crashtards??????
 Quoting: iamdumb 69024664


Is this why renters can never get ahead?
 Quoting: Anonymous Coward 69024664


True, but what has happened with Property Taxes on the same property since then? As you know, you never own your property either...
 Quoting: Anonymous Coward 75492300


I have tracked the property taxes and they went up a whopping 275 dollars a year...
Anonymous Coward
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03/05/2019 08:15 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Don't worry... Country broke, states broke, counties broke, municipalities broke, cities broke, towns broke.....it will all crash....band aids and the magical stawk market levitating with fed money keep the mirage going.....
BrokenTech

User ID: 68971733
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03/05/2019 08:16 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
I bought a house 6 years ago, and its doubled in value.

Everyone told me to rent, but I bought instead.

Whatever everyone is telling you; do the opposite.

This is my 9th house and almost paid for.

Renters are stupid.
 Quoting: DeploraVision ™


Good for you. People who aren't too smart with their money, rent- that's me!

Even basic math told me it was an absolute no-brainer.

Rent for a 2 bed = $1500/month
Own a 4 bed home = 817 (mortgage) + 500 (taxes) = $ 1317

Plus mortgage would have been fixed!!!
 Quoting: Anonymous Coward 69024664


Find something you can afford, make 13 payments a year minimum and you will notice a big difference in the end.
 Quoting: BrokenTech


What I can afford now is crap compared to the house I could've got in 2012. Ya live and you learn
 Quoting: Anonymous Coward 69024664


At least you realize your position, thats a good thing. Step down to what you can afford, something entry level. Sink some money into it and flip it a few years later. Do that a few times and you can step into something you want. Perhaps you can even look at having one built for you, its not as bad as you may think.

Last Edited by BrokenTech on 03/05/2019 08:17 PM
Anonymous Coward (OP)
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03/05/2019 08:17 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Back in 2012 I had the chance to buy a house in my area for a real good price, 4 bdr 1.5 bath for 237k I thought the market might go down more... I got greedy. I was paying $1500/month for my 2 bedroom apt then. I just got my renewal letter, my property now wants $2400 for the same 2 bedroom place I was renting.... Why did I listen to the crashtards??????
 Quoting: iamdumb 69024664


Is this why renters can never get ahead?
 Quoting: Anonymous Coward 69024664


True, but what has happened with Property Taxes on the same property since then? As you know, you never own your property either...
 Quoting: Anonymous Coward 75492300


Spoken like a true lifelong renter...
Anonymous Coward
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03/05/2019 08:18 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
And some people try and say high home prices are a good thing and equals a strong economy. Bullfuckingshit! High home prices are a very very bad thing and equals a total shit economy. I don't give a fuck what the stock market is. Noone in their right mind would say the economy is great right now.
 Quoting: Anonymous Coward 68767733


Unlike you, I can recognize I made the poor choice. I cant blame anyone else but myself
 Quoting: Anonymous Coward 69024664


Everyone has made bad decisions and it's our fault. Yet, the government is tyrannical and made it worse. These can both be true. They are not mutually exclusive.

Listen to Jason Stapleton podcast for more motivation on how not to suck. Because you do. Most of us do. And those that don't still have plenty of room for improvement. Never be satisfied. Never give up. Fight like hell. You have 1 life and the clock is ticking. Stop sucking. Jason Stapleton program. Get on it. Take the ten episode challenge and improve. Or suck. Your choice. But now you have a tool to build with. Go. Listen to him.
Anonymous Coward (OP)
User ID: 69024664
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03/05/2019 08:19 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Don't worry... Country broke, states broke, counties broke, municipalities broke, cities broke, towns broke.....it will all crash....band aids and the magical stawk market levitating with fed money keep the mirage going.....
 Quoting: Anonymous Coward 77345586


And the mirage will continue to grow, even as you go to retire hoping everything will crash and when it doesn't and you look back and say "why did I listen to the crashtards
Anonymous Coward
User ID: 77064257
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03/05/2019 08:21 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Unlike you, I can recognize I made the poor choice. I cant blame anyone else but myself
 Quoting: Anonymous Coward 69024664


Its so nice and relaxing when all your choices are "death or not death"

and that's it. We did try some duck pate, too, once.
Keilani

User ID: 76820886
United States
03/05/2019 08:21 PM

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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Soon homes will be worth millions and millions of dollars.
 Quoting: Anonymous Coward 8309545


This post says it all, irrational exuberance, I guess simple math eludes you, what goes up must come down.
BrokenTech

User ID: 68971733
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03/05/2019 08:21 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Don't worry... Country broke, states broke, counties broke, municipalities broke, cities broke, towns broke.....it will all crash....band aids and the magical stawk market levitating with fed money keep the mirage going.....
 Quoting: Anonymous Coward 77345586


And the mirage will continue to grow, even as you go to retire hoping everything will crash and when it doesn't and you look back and say "why did I listen to the crashtards
 Quoting: Anonymous Coward 69024664


Yep, those are the ones that refuse to learn how to play the game and end up never getting anywhere in life.
Anonymous Coward
User ID: 77106212
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03/05/2019 08:22 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Back in 2012 I had the chance to buy a house in my area for a real good price, 4 bdr 1.5 bath for 237k I thought the market might go down more... I got greedy. I was paying $1500/month for my 2 bedroom apt then. I just got my renewal letter, my property now wants $2400 for the same 2 bedroom place I was renting.... Why did I listen to the crashtards??????
 Quoting: iamdumb 69024664


Imagine if I would have bought back in 2012!!

1. That same house has appreciated over 100K++++
2. 30 year mortgage would be locked in to $870/monthly payment with no chance of increasing!!!


I am an idiot!!!!!!!!!!!
 Quoting: Anonymous Coward 69024664


You forgot the fact that they would have raised your property taxes equal to the value of appreciation. You really think they would let you get a good deal without the Govt. reaching in your pockets for a piece of that action? Please! LOL!
Anonymous Coward (OP)
User ID: 69024664
United States
03/05/2019 08:25 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Soon homes will be worth millions and millions of dollars.
 Quoting: Anonymous Coward 8309545


This post says it all, irrational exuberance, I guess simple math eludes you, what goes up must come down.
 Quoting: Keilani


3 problems with thinking the market must go down:

1. The dollar devalues against real assets every year.
2. Inflation continually rises (the fed makes sure of that)
3. Rental prices are continuing to soar!
Keilani

User ID: 76820886
United States
03/05/2019 08:25 PM

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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Don't worry... Country broke, states broke, counties broke, municipalities broke, cities broke, towns broke.....it will all crash....band aids and the magical stawk market levitating with fed money keep the mirage going.....
 Quoting: Anonymous Coward 77345586


And the mirage will continue to grow, even as you go to retire hoping everything will crash and when it doesn't and you look back and say "why did I listen to the crashtards
 Quoting: Anonymous Coward 69024664


You're the type of sucker the real estate agents are looking for, the type that will buy at the top of a bubble just because their rent went up too high.

It is not about being a "crashtard" it is about simple logic of how much higher people will pay, how much is the sh*tty house really worth, how bad will the neighborhood get, how much higher will interest rates go?

You can sit there and whine or you can make a logical plan to get ahead, and paying rent isn't always a bad thing, maybe you could rent a smaller place and stash some cash, or just buy a small condo, etc.

Whining will get you nowhere, and freaking out about "having to buy a place" will put you in an an overpriced sh*thole with some realtor grinning ear to ear on your hard-earned cash.
Anonymous Coward (OP)
User ID: 69024664
United States
03/05/2019 08:26 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Back in 2012 I had the chance to buy a house in my area for a real good price, 4 bdr 1.5 bath for 237k I thought the market might go down more... I got greedy. I was paying $1500/month for my 2 bedroom apt then. I just got my renewal letter, my property now wants $2400 for the same 2 bedroom place I was renting.... Why did I listen to the crashtards??????
 Quoting: iamdumb 69024664


Imagine if I would have bought back in 2012!!

1. That same house has appreciated over 100K++++
2. 30 year mortgage would be locked in to $870/monthly payment with no chance of increasing!!!


I am an idiot!!!!!!!!!!!
 Quoting: Anonymous Coward 69024664


You forgot the fact that they would have raised your property taxes equal to the value of appreciation. You really think they would let you get a good deal without the Govt. reaching in your pockets for a piece of that action? Please! LOL!
 Quoting: Anonymous Coward 77106212


I already stated that I track the county tax rolls. That houses property taxes went up 250 per year- big deal
BrokenTech

User ID: 68971733
United States
03/05/2019 08:27 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Back in 2012 I had the chance to buy a house in my area for a real good price, 4 bdr 1.5 bath for 237k I thought the market might go down more... I got greedy. I was paying $1500/month for my 2 bedroom apt then. I just got my renewal letter, my property now wants $2400 for the same 2 bedroom place I was renting.... Why did I listen to the crashtards??????
 Quoting: iamdumb 69024664


Imagine if I would have bought back in 2012!!

1. That same house has appreciated over 100K++++
2. 30 year mortgage would be locked in to $870/monthly payment with no chance of increasing!!!


I am an idiot!!!!!!!!!!!
 Quoting: Anonymous Coward 69024664


You forgot the fact that they would have raised your property taxes equal to the value of appreciation. You really think they would let you get a good deal without the Govt. reaching in your pockets for a piece of that action? Please! LOL!
 Quoting: Anonymous Coward 77106212


They do not exactly "raise the taxes" in most cases. The tax rate usually remains fairly constant, but the value of the property increases. Higher value, means more taxes. Lower value means lower taxes. But I doubt you get that.

Last Edited by BrokenTech on 03/05/2019 08:27 PM
Anonymous Coward (OP)
User ID: 69024664
United States
03/05/2019 08:28 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Don't worry... Country broke, states broke, counties broke, municipalities broke, cities broke, towns broke.....it will all crash....band aids and the magical stawk market levitating with fed money keep the mirage going.....
 Quoting: Anonymous Coward 77345586


And the mirage will continue to grow, even as you go to retire hoping everything will crash and when it doesn't and you look back and say "why did I listen to the crashtards
 Quoting: Anonymous Coward 69024664


You're the type of sucker the real estate agents are looking for, the type that will buy at the top of a bubble just because their rent went up too high.

It is not about being a "crashtard" it is about simple logic of how much higher people will pay, how much is the sh*tty house really worth, how bad will the neighborhood get, how much higher will interest rates go?

You can sit there and whine or you can make a logical plan to get ahead, and paying rent isn't always a bad thing, maybe you could rent a smaller place and stash some cash, or just buy a small condo, etc.

Whining will get you nowhere, and freaking out about "having to buy a place" will put you in an an overpriced sh*thole with some realtor grinning ear to ear on your hard-earned cash.
 Quoting: Keilani


And your the type of renter that every property owner loves! You will never stop renting. Always waiting for a market collapse that never comes!
Anonymous Coward
User ID: 77430973
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03/05/2019 08:29 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Move someplace rural dude

I cannot even sell my $160k fully updated 4 bed in Indiana
Anonymous Coward
User ID: 77359629
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03/05/2019 08:30 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Fyi, we are in a housing bubble. To understand why, watch Greggory Mannarino on YouTube. The Robin hood of wall street will tell you why.
MaxwellSmart007

User ID: 77155497
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03/05/2019 08:30 PM

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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
when the government imports people and then uses tax dollars to pay their rent for them .

Yes it will go up.

Houses are over priced by auditors as well just to keep the apartment industry in business and taxes.Its the reason you cant sell your 160k home.

Why buy a house for 160k and move when all the jobs only pay 38 to 50k?

Last Edited by messagehalted on 03/05/2019 08:35 PM
All my post are theatrical artistic writing .
Anonymous Coward
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03/05/2019 08:30 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
I could rent a 4 bedroom house for $400 in a "bad" area of Indiana in the 90's. If you asked your buddy to rent a closet for that in California today, you would be laughed at and if you don't laugh along and have friends like mine you will probably get punched too. Just for having the gall.
 Quoting: Anonymous Coward 77359629


We were in SoCal in the mid-late 90's, just after a crash there we paid $850 for a two bedroom condo with no d/w or washer/dryer. It did have a peek a boo ocean view. *eyeroll* That's the market we wimped out of jumping into listening to all the horror stories- you make the best decisions you can at the time and learn.
Anonymous Coward (OP)
User ID: 69024664
United States
03/05/2019 08:31 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Fyi, we are in a housing bubble. To understand why, watch Greggory Mannarino on YouTube. The Robin hood of wall street will tell you why.
 Quoting: Anonymous Coward 77359629


Greg's been saying that for 11+ years...
Anonymous Coward
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03/05/2019 08:31 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
2834 southeast parkway Richmond Indiana
Keilani

User ID: 76820886
United States
03/05/2019 08:32 PM

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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Soon homes will be worth millions and millions of dollars.
 Quoting: Anonymous Coward 8309545


This post says it all, irrational exuberance, I guess simple math eludes you, what goes up must come down.
 Quoting: Keilani


3 problems with thinking the market must go down:

1. The dollar devalues against real assets every year.
2. Inflation continually rises (the fed makes sure of that)
3. Rental prices are continuing to soar!
 Quoting: Anonymous Coward 69024664


4 problems with your flawed thinking.

1. I never said the market "must" go down, things are cyclical.
2. Although we have inflation, many other countries are worse off.
3. There is a huge slowdown in foreign investment, especially Asian, this will vary depending on your state.
4. (Quoting your 3), rental prices went down in my are according to Zillow last time I checked, I also believe they will continue to go down as now they're overbuilt. They literally built two apartment complexes next within a mile of my house. They have started renting months ago, I really don't see that many cars there.
Anonymous Coward (OP)
User ID: 69024664
United States
03/05/2019 08:34 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Soon homes will be worth millions and millions of dollars.
 Quoting: Anonymous Coward 8309545


This post says it all, irrational exuberance, I guess simple math eludes you, what goes up must come down.
 Quoting: Keilani


3 problems with thinking the market must go down:

1. The dollar devalues against real assets every year.
2. Inflation continually rises (the fed makes sure of that)
3. Rental prices are continuing to soar!
 Quoting: Anonymous Coward 69024664


4 problems with your flawed thinking.

1. I never said the market "must" go down, things are cyclical.
2. Although we have inflation, many other countries are worse off.
3. There is a huge slowdown in foreign investment, especially Asian, this will vary depending on your state.
4. (Quoting your 3), rental prices went down in my are according to Zillow last time I checked, I also believe they will continue to go down as now they're overbuilt. They literally built two apartment complexes next within a mile of my house. They have started renting months ago, I really don't see that many cars there.
 Quoting: Keilani


So keep renting... it's worked out so well for you this far... LOL... me, I hate that I am still renting
Keilani

User ID: 76820886
United States
03/05/2019 08:34 PM

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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Fyi, we are in a housing bubble. To understand why, watch Greggory Mannarino on YouTube. The Robin hood of wall street will tell you why.
 Quoting: Anonymous Coward 77359629


Greg's been saying that for 11+ years...
 Quoting: Anonymous Coward 69024664


That's because in 08 the crash was artificially propped up, they are back handing out very bad loans to people who really shouldn't qualify for them.

Things are ready to go bust and realtors know it. Housing prices are not sustainable at this level. They are overvalued.

I almost think a realtor is behind this thread.
Anonymous Coward
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03/05/2019 08:35 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
What do you think has resulted

from the deliberate addition of

millions and millions and millions of foreigners

on property and rental prices?
Anonymous Coward
User ID: 77345586
Canada
03/05/2019 08:35 PM
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Re: Rental prices in my area!!! 150% increase in 10 years!!! Rentaltards we ride!!!
Don't worry... Country broke, states broke, counties broke, municipalities broke, cities broke, towns broke.....it will all crash....band aids and the magical stawk market levitating with fed money keep the mirage going.....
 Quoting: Anonymous Coward 77345586


And the mirage will continue to grow, even as you go to retire hoping everything will crash and when it doesn't and you look back and say "why did I listen to the crashtards
 Quoting: Anonymous Coward 69024664


We are on the Titanic...iceberg been hit, hull has been breeched..the elite or 1st class passengers scrambling for life boats and escape to ride out the disaster.....the 2nd and 3rd class passengers are finally allowed to roam the 1st class area of the ship...taking silverware ripping off expensive fixtures off the wall and pilfering booze and living it up....thinking THEY have finally "made it"....lol

but go ahead buy that overpriced shack and say to yourself housing will never ever crash again...lol





GLP