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Permalink Like (1) Dislike Finally put my 1br, 1ba house up on Craig's List on Friday.
By Friday evening I'd shown it once and had 5 appointments for Saturday.
By Saturday evening I had a commitment and today I had a signed lease for $1100 per month and a check in hand. They move in Wednesday.
Rentals are smoking right now!
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Victorville, CA
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Patrick says
This sounds a lot like CATCH ME BEFORE I KILL AGAIN!
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Victorville, CA
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iwog says
You don't have to be a commie to acknowledge how fundamentally bizarre and even wrong the commoditization of land is.
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Belmont, CA
wthrfrk80 says
No, but its where the kids are going to school and I split my time between two jobs and the benefits come from a third job the wife has.
I'd gladly leave, but its a painful process to leave what has become a home of sorts. I can barely be middle class here, and I might fall from the middle class due to poor job situations elsewhere.
And when my family falls from grace, I will be added to the throngs of people dependent on government just to get by. Trapped.
Honestly, if I feel this way, and I have far more resources at the moment than most, then many many more are worse than that.
Expect this situation to deteriorate. This isnt really part of the USA anymore, this isnt even close to what I remember growing up like. We had far less money, less disposable income, but didnt have to live like animals and go to horrific public schools.
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Belmont, CA
iwog says
Excuse us for being too poor to bring the houses up to your standard so you can charge large sums for renting.
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47 male
Lafayette, CA
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Mick Russom says
My standard? You're defending the creation of slums now? Very odd.
If you don't like what's happening, vote Democrat and perhaps someday the average worker will be able to afford a nice house again.
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Belmont, CA
iwog says
Individuals make up the system. "When bad men combine, the good must associate; else they will fall one by one, an unpitied sacrifice in a contemptible struggle."
Just because you are doing something which some, especially those subjected to rising rents, think is contemptible along with everyone else doesn't make it right either individually or in the aggregate. I would never subscribe wholly to either false party in this country. They are a foil, a guise to give the illusion of choice. What you are doing is instead of being subject to the banking cartels and inflationary, you are trying to use their methods to your benefit and point the finger at them rather than yourself when you are called on it.
Communist? Me. Hardly. This country has a history of taking the people who cross the line to the woodshed when needed. However, the system has been manipulated to the designs of the rentier class, the upper echelons, the oligarchs and government dynasties to serve their purposes. Those who join them only strengthen their grip on our freedom and prosperity.
Being a land owner for your own uses and needs is perfectly fine. Using money, gotten from the bank capitalized by the very same people whom you intend to rent to at a premium, to buy up all the land you can grab so you can extract wealth to get your coveted unearned income is unsavory at best.
You are borrowing tax payer funded money to grab land to rent back to those in need at a premium. And while uncle sam inflates and destroys your money instead of making it right, you use that system to stick it to someone else to preserve yourself.
This doesnt make it right, and it just so happens that the middle and lower classes just hanging on are the last in the long line of people screwing each other.
We are witnessing the end of what made the USA so unique. We are done and we will devolve into 3rd world with pockets of prosperity where people, like Iwog, live in the shadows of the real oligarchs in fear of being cast into the pis of despair, and they helped the oligarchs build this brutal system just to hang on. But what they dont know is in the end all who are not part of the inner sanctum inner elite will be cast into despair.
This is like the Kapo in concentration camps. Policing the camps was easy, offer food to a few to beat and kill and police the rest.
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Belmont, CA
iwog says
The two parties are an illusion of choice. If Democrats, which own and operate California, are so good for affordability, why is this state the most broke of them all? The schools are some of the worst? The housing the least affordable?
I can't see how either party's collective actions at the state or federal level are defensible .
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Belmont, CA
iwog says
No, I'm saying maybe those people living like that are destitute and can't afford to remediate the property. Pick, cans of paint, spackle, vikane, 50 home depot trips, burning gas bringing materials and whatnot from the store, running the AC/Heating enough to prevent mold - either that, or just squeak by just enough to allow your kids to go to bad school rated "9/10" rather than a horrific school.
You seem happy just moving your problem. What should we all do? Move to tracy and stockton and bike to work?
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Belmont, CA
iwog says
Until then, pay the sycophants huddling in the shadows of the oligarchs and the elites rent to perpetuate the subjugation.
You have to BE the change if you want it to come about. Why not start by offering a rent to own. you make a killing, and the poor sap might have something at the end of it.
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Victorville, CA
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Mick - I like what you have to say here, I really do. The thing is I think IWOG does as well, but feels that as long as he is born in to the system he has a choice between being a player wearing the silk shirts and having the beautiful blonde and lobster dinners or being the victim, punching the air and cursing his landlord.
Think of a guy like IWOG like the good Nazi from The Piano. He's not actually a bad guy, he just got drafted into a system where he's gotta play the game.
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I sympathize with Mick, and yet at the same time I don't blame Iwog for what he does. The system sucks.
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Belmont, CA
Patrick says
Not Republican, non-denominational. The two parties are an illusion to keep the establishment in place.
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Belmont, CA
Z says
Thanks for the sympathy.
Iwog always rips into Republicans, the right wing, etc - and then turns around and is a proud slumlord that acts like Gordon Gecko running around elated that rent prices are skyrocketing.
Rising rent, fuel, food and tuition prices means less disposable income in a consumer based economy. Wanting things to "go up" means to hell with everyone else, in fact, to hell with MYSELF, I want to look good on paper! That's how bad the oligarchs have made it, we are happy to consume each other so long as its not us being consumed!
Who in their right mind wants the COST of LIVING to go up? Especially if you have kids.
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Victorville, CA
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Mick Russom says
If it's an increased sense of propinquity or even common solidarity that you're pining for, I'm with you; but, (and I hate to have to say it), your energies would be put to much better use than barking in the wind.
Do like Gandhi and become the change you wish to see in the world. For instance, I opened a couple of frozen yoghurt franchises and parleyed the $$$ from those into a local free spay and neuter program here the desert. It is something.
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"Who in their right mind wants the COST of LIVING to go up? Especially if you have kids."
Bankers. Investors. Currency traders.
Fwiw, not everywhere in the USA is as bad California
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47 male
Lafayette, CA
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Mick Russom says
Affordability has nothing to do with state policy and everything to do with federal tax policy. The problem is wealth disparity. If you want to see people able to afford homes again, stop minting new billionaires.
California actually has a lot more programs to try and reverse this than the average state does, but they have one big gift to the aristocracy that wipes it all out.
Prop. 13 will ensure that the homes I buy today will be taxed at today's basis plus 2% forever. It will also allow me to leave those homes to my children who will also be able to keep the same tax basis.
Democrats? No, that law was a gift from Republicans Howard Jarvis and Paul Gann.
As for the two parties being an illusion of choice, that's a lie. There are clear and significant differences that can be easily demonstrated. It's also a crutch to avoid thinking about the real issues.
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iwog, what are the real issues you speak of?
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iwog says
Thats how we got into the RE bubble to begin with... herd mentaility right into the wall of the house. Right looking for a 20-50% return annually, Right ?
The same people who were looking for big returns then are still here.. even after the bust, their view hasnt changed...
Thats what Shiller talks about..see 4:30 one-third wacko expectations...
.youtube.com/watch?v=d__GPqOVNbE
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Mick Russom says
Actually, its the other way around, theft and fraud are often self-justified due to preceived imbalance of wealth.
Employee embezzles LPFCH funds July 3, 2008
A former employee of the Lucile Packard Foundation for Children’s Health has been arrested on allegations that she embezzled over $350,000 from the children’s health foundation during an eight-year period, according to a Wednesday press release from Santa Clara’s District Attorney office.
The foundation is the primary fundraiser for the Lucile Packard Children’s Hospital at Stanford and for the pediatric programs at the Stanford School of Medicine.
Marilyn Machalowski, 68, worked as an accounting manager and payroll/benefit manager during the embezzlement period of 1999 to 2007. She was charged Wednesday with one count of grand theft, along with an allegation of embezzlement in excess of $200,000.
“Machalowski often wrote company checks to her daughter, and then deposited them in their joint account,” the press release noted. “She also wired money from the Foundation’s account into her own account, as well as putting additional money towards her 401(k). To conceal the embezzlement, Machalowski recorded much lower dollar amounts in the check register than what she had actually written.”
In a phone interview with The Weekly, the foundation’s president and CEO, David Alexander, said routine accounting processes unearthed Machalowski’s scheme about two months after the long-time employee resigned.
“Following a routine check of our finances, it immediately became apparent that something was amiss,” Alexander said.
The foundation then hired an independent forensic accounting firm — Deloitte FAS — to investigate their financial system and processes. As soon as investigators confirmed a single employee had diverted $350,000, the foundation contacted the authorities.
“Once we figured out what had happened on our own, we turned everything over to the Palo Alto [Police Department],” Alexander said.
The President and CEO also noted that changes to the foundation’s financial system have been implemented to prevent future embezzlement.
“I think the biggest lesson learned from all this for us is that we had too much responsibility invested in one person who abused that trust,” Alexander said. “We have changed the financial system so that no one person can do what she was able to do. It would be virtually impossible.”
According to Wednesday’s press release, Machalowski faces a maximum sentence of five years in state prison. She is scheduled for arraignment on Aug. 7 at 9 a.m.
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Corning, NY
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Mick Russom says
It's all about cost of living relative to average incomes. California is notoriously un-affordable to the middle class. I lived in Santa Rosa (north Bay) for three months and couldn't stand it. I'm a Rust Belt Boy and probably always will be.
There are many places outside of California with a reasonable cost of living and decent job opportunities. What's your employment background? Where I live we've got natual gas fracking jobs in nearby northern PA. North Dakota has oil-related jobs. There are plenty of health-care related jobs almost everywhere. The railroads are doing pretty well nationwide and are hiring.
Even if you ended up with a crappy job, at least it's possible to live "on the cheap" outside of CA without needing to live in a high-crime area.
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Corning, NY
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iwog says
Sounds like Prop. 13 should be called the "Hereditary Aristocracy Formation Act"
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Pleasanton, CA
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iwog says
Glad you are playing with your money and not mine. Time will be the judge if you got the timing correct. From earlier posts it sounds like you can weather any future drop because of positive cash flow so if that is true then eventually you will surface much stronger.
I will not have cash flow from my purchase (more cash outflow) so I have to be more critical of timing of this market. My sense if we are still correcting, but I could also see more manipulation keeping us stagnant for another 5 yrs or so. Doubt that will happen as the debt is also part of the equation that keep lurking there growing by the second. 685K per family at this point. Screwedddddd! A 20% drop in housing will do very little to this number. Maybe add 50K to it, so we are talking about noise.
http://www.usdebtclock.org/
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My friend in Concord just had rent raised on his shitty place by $300, which is an almost 30% increase. He has to move out. He's a diligent, hardworking individual (a kung fu instructor) who almost never takes any vacation.
As with my parents and their generation, its futile to argue with iwog since he is the successful scion of operative reality; Proof of Acts is alive and well. His ideas about the democratic party are the kind of shortsighted hogwash you expect from the petty rentier class. Iwog sums it up nicely when he says he doesn't want to be a martyr, which of course entails a tremendous amount of cognitive dissonance as displayed herein. Congratulations on your successful accomodation with life.
Its the necessary short term perspective for survival and thriving, after a fashion. Thank you Mick, though, for speaking for the future.
Fwiw and fyi, I'm a particularly "thriving" attorney and want to shoot myself everyday living in a world like this. I'll be first in line for the socialistic changes to society which are grossly misrepresented by the references to communism above.
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Bardamu
True dat. You got to feel sorry for a guy who holds a rent check over his head with both hands and runs through the aisles of the local Denny's shouting 'Umma mogul!' and in quiet moments compares himself to Jobs, Hewlett, Packard and Edison. Hahahahahahahahahahahaha!
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47 male
Lafayette, CA
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bardamu says
LOL.....that cracked me up.
There's not a shred of actual substance in this entire rant. It's all "He is" and "He does" hoping that someone somewhere will accept these blind assertions at face value.
This type of "reasoning" is a keystone of the modern Republican party. Anyway thank you for creating an account just to post about me. I love being the topic of conversation.
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Sounds like Prop. 13 should be called the "Hereditary Aristocracy Formation Act"
Don't worry, Prop 58 limits the transfer value to $1million per transferor (note : that the value of the primary residence is not included in this calculation and is unlimited).
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San Ramon, CA
toothfairy says
But you still have to live in Concord, which used to be an awesome place to raise kids. It's heartbreaking to see what it is becoming. Now, I'm trying to get my folks to move out of there just like they tried to get their folks to move out of Richmond.
We pleaded with them to sell at the peak and move to a condo in Santa Cruz, wait for the bubble to burst, then buy. They waited too long.
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Belmont, CA
iwog says
Where do I sign up? We dont even have preschool in this state, and with a boatload of off the books workers here taking in infrastructure and not paying into the system, Im willing to be most of these programs are gone by now. You've seen the budget cuts. Heck the UC schools in state were free not long ago, now the in state tuition rivals out of state in other states.
I want some of this free stuff I've paid for with my taxes, funny thing is, when I go to collect, the well is dry. So California to me has no programs, none, zero. What is has high regressive taxes, no equal protection, and terrible schools.
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Belmont, CA
wthrfrk80 says
Information technology, systems administration, founder of a startup that didnt bomb (still going), technologist (CTO team) at a big company. Thats the background. The only thing that transfers well outside the bay area is that Im at a big company, but I'm not a "business guy" or a psychopath, so going up the food chain at a big company is difficult.
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Belmont, CA
wthrfrk80 says
Well if they just protected the first $200,000 of a house with prop 13, it would go from being a millionaire subsidy to something that might do what it was intended for, to protect people living on the cheap from eviction.
In other places, like new Hampshire and Texas, the high property taxes keeps the housing prices from going mental. Its much more sustainable.
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Belmont, CA
iwog says
Try posting one time without mentioning republican or democrat. Those terms are just the brand labels on the boots in everyone's face. You like the boots as long as they dont step on you. You will wear a boot so long as its landing on the face of someone you are opposed to and as long as its not you.
Its like getting hot with an H&K or a Smith and Wesson. Whats the difference.
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bardamu says
No problem regarding speaking of the dark future. Iwog is the guy raising that man's rent. He wont BE the Change, he will use the current exploitative system of land commoditization as a weapon against his fellow man and then blame some political party for his actions. He never did answer why his slave tenants can be offered a rent to own.
I have kids, and I think about killing myself every day now. Literally. And the ONLY reason I wont, is that my poor kids would grow up fatherless in this horrible crumbling dirty unfriendly deadly world where the oligarchs and bankster cartels steal the labor and life out of the common man.
The mass of men lead lives of quiet desperation. What is called resignation is confirmed desperation.
You know what's sad, I know a few 1%-ers. And one 0.01%-er. They will listen to your plight. They will be your friend. But they will not help. In the end, all you have is family.
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Belmont, CA
APOCALYPSEFUCK is Tony Manero says
Unlike Iwog, those men had actual products they produced. Their products transformed mankind mostly for the better.
The rentier class, Iwog, lust for and wallow in unearned income.
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47 male
Lafayette, CA
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Mick Russom says
I bet you've said this 1000 times. Try proving it with a rational argument once.
Mick Russom says
You're not stable and I think your view of the world is twisted and warped by your personal demons. I sincerely hope you're getting professional psychological help.
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Mick, you live in a place that really sucks as far as housing options go, but don't blame iwog. The USA is called The Land of Opportunity (Opportunists) for a reason, he is just being a good American, sadly leveraging is the new Patriotism when you're owned by the banking cartel.
We really need to change our banking laws, they do not benefit the people. Fwiw, I tell my spouse our children will be encouraged to marry non-USA passport holders, countries that take care of their people before they take care of their banks please inquire within.
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Die, fucking Die, bankster fucks, Die!
Z says
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Belmont, CA
iwog says
And the ad hominem starts. Any utterance that doesn't agree with your POV is irrational. But you woud cash my rent check and not offer a rent to own program, mister 1%.
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Belmont, CA
iwog says
Cant do that. Getting psychiatric or social worker help on insurance makes life insurance and insurance rates skyrocket. See what life is like for those people you make destitute and those people you extort for rent?
Also, the drug cartels make drugs which make you utterly dependent on them, anyone who has taken SSRIs or benzodiazopenes knows that once you get on them, coming off is hell. And if you take an SSRI or a benzo, your life insurance rates skyrocket.
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Belmont, CA
Z says
NO longer. I live 7 people in a 3:2. And all I worry about is the grandparents dying because they dont have insurance and how can I pay for keeping my beloved grandparents alive and save for college?
The USA is a piece of garbage now. Its a raping extorting country where the entire political spectrum is dedicated to extorting the middle class for every last bit of wealth. And they borrow from the banks we capitalize to buy out property to rent properties whose mortgages we underwrite back to us.
I think landlords should be very careful raising rents. People have reached a breaking point.
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Belmont, CA
iwog says
I'm sure the plant owners at Foxconn try and tell the factory workers who ideate suicide the same thing. You're suffering, you must be broken.
Iwog, you don't know what its like. When you have those children that need you to do well, to feed them, try and feed them healthy food, too, not the bulk junk, and educate them, but we both must work to eat, 3 jobs between us, and we must try to protect them with health and life insurance, but they are expensive. I had to cut out all pleasurable activities, vacations, no more, alcohol, no more, none, marriage, not so great, we are exhausted mentally, and schools, even API of 900+ is garbage, they learn nothing and expect overworked parents to teach them at night. You, the upper class unearned rentier class, are destroying me. Not physically. Its not the same as say China, you are destroying me. I can't take it anymore. I have to lie to myself everyday that people in a nation with this much wealth were meant to live like animals, that we all must eat crow to make it big. let me tell you - everyone I know who made it big here is lucky. That's it. And the minute they get lucky, like you mister I own more than one house, they flaunt it like they aren't lucky but are somehow the smartest most deserving person that ever lived.
I realized when I started buying lottery tickets every once in a blue moon there was a problem - winning the lotto should be fun, but here, now, I actually need that money. If I wont the lotto there would be no Porsche, etc, it would all be squirreled away to provide some level of security . Even being rich from the lottery is no longer enjoyable in the USA today, as there is never enough to make real generational wealth. If you buy a nice farm somewhere you'd need to setup a perpetual trust to keep the farm from the greedy title stealing types or the government through taxation as we have no real homesteading or allodial titles in the USA.
We are born here, to seek knowledge, and to create someone in our image, and to teach them. But now all the knowledge seeking must stop, and we must lay down and worship our landlords and supply him with our wealth, and we must put our kids, our dreams, our lives on hold to do this for the landlord.
In the end this fraud of an existence will end. The rentier class does nothing and they and their descendants are above everything, and we the middle and lower classes must put 100% of our productivity into keeping them comfortable.