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Forum Post: Rent Going Up

Posted 12 years ago on May 6, 2012, 7:16 p.m. EST by Nevada1 (5843)
This content is user submitted and not an official statement

http://www.latimes.com/business/la-fi-renters-nightmare-20120506,0,7137775.story

5 Comments

[-] 1 points by Shule (2638) 12 years ago

Buying your own home is the best thing anyone can ever do. If you think you might not want to live in it a few years down the road, you can always rent it out. In the end you'll at least have something. If you rent you'll certainly end up with nothing.

So, my advice to all those young folk out there, don't rent, but sleep on some friend's sofa while you scrape up and save your very last dime; as in don't spend your money on nothing until you got up enough and paid down on a home you can afford to make payments on.

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[-] 1 points by freewriterguy (882) 12 years ago

i think we should make it illegal to rent, then the powers that be would be forced to sell homes and land to the people whose right it is to occupy it. the people who work to pay for it!

a point much backed in scripture when the lord said, "a man shall build and another man shall not inhabit it" and a man shall grow a vineyard and another man shall not eat of it". If you people can see the wisdom in this and how it applies today, then there may be hope for you.

And if you cannot understand this, then it is likely that you will partake of the suffering foretold in scripture that says, there was never heard of such great suffering since the beginning, and this is because of the great bounty we received and we still would not turn unto wise councel. For men today call good evil, and evil good. Dont believe me? Just look at all the filth on television and movies. We have come along way since one of the first offensive lines in movies, some years ago: "Frankly my dear, I dont give a damn".

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[-] 1 points by hchc (3297) from Tampa, FL 12 years ago

The money is pouring into hard assets, because smart investors know that the spending is not going to stop, and the economy is not going to rebound, so better get the money into something that can at least match inflation.

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[-] 2 points by francismjenkins (3713) 12 years ago

As rent increases, it will (eventually) help home sales. Certainly not an ideal scenario, but it's pretty hard to tame the trajectory of a market this size.

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[-] 0 points by hchc (3297) from Tampa, FL 12 years ago

I think the increases will be minimal. I've talked to quite a few people, and overall inflation with falling housing prices is a very strange thing

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