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Lower Rents


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2008 Jan 17, 12:12am   29,136 views  318 comments

by Patrick   ➕follow (59)   💰tip   ignore  

for rent

Given the record level of empty housing, rents seem to be falling in most parts of the country.

But my own rent went up for the first time in 5 years recently. Though it's still lower than it was when I first moved in during the dot-com bubble. I got a good rent reduction after the crash.

Rents should respond basically to employment and salary levels, but I don't see employment or salaries improving much around me in the SF Bay Area.

Any idea what's going on? Sometimes I suspect that the press writes about rising rent, and then landlords actually do raise it just because they think they can.

Patrick

#housing

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234   Malcolm   2008 Jan 18, 8:55am  

Oh, don't worry, anyone who has a jet isn't getting their tax advice here, ha ha.

235   Peter P   2008 Jan 18, 8:55am  

I think anyone who is rich who doesn’t have a jet is a loser. That is what it is all about.

Absolutely. :)

Even environmentalists and global-warming-propagandists fly private jets.

236   GallopingCheetah   2008 Jan 18, 8:56am  

Please, speak for yourself.

237   Malcolm   2008 Jan 18, 8:56am  

And they look good doing it :)

238   GallopingCheetah   2008 Jan 18, 8:58am  

Never been to Thailand. Some Taxi driver told me about Thailand, too. I'm quite curious.

239   🎂 HeadSet   2008 Jan 18, 9:00am  

Since the working poor pay the lion’s share of taxes in the US

Are you sure? I have helped a few low income people with thier taxes in my time, and have noticed lots of Earned Income Credit.

240   Malcolm   2008 Jan 18, 9:01am  

Dennis all of a sudden got quiet. I hope he didn't kick himself in the head to unconsiousness. "All I had to do is add someone else to the title? Oh CRAP!!!!"

241   Malcolm   2008 Jan 18, 9:02am  

Headset, nice addition.

242   Peter P   2008 Jan 18, 9:03am  

Since the working poor pay the lion’s share of taxes in the US

It is true. But I am currently a working poor.

I work at a job and I am jet-less.

243   Malcolm   2008 Jan 18, 9:05am  

That's ok, you strike me as the type of guy who gets air sick anyway.

244   Peter P   2008 Jan 18, 9:07am  

Since a bumpy flight at Grand Canyon in a Twin Otter I do not get air sick anymore.

245   🎂 HeadSet   2008 Jan 18, 9:07am  

Thanks, Malcolm

246   Malcolm   2008 Jan 18, 9:08am  

I think I flew on something like that to the Bahamas. I'm fearless now. I just knew that if I stared at the engine long enough it was going to fly off of the wing.

247   Peter P   2008 Jan 18, 9:09am  

I just knew that if I stared at the engine long enough it was going to fly off of the wing.

This is why they have two engines. :)

248   DennisN   2008 Jan 18, 9:09am  

Malcolm,
Believe me I thought about that. I was going to hook-up with some asian grad-student, with a quid-pro-quo: she helps me with cap gains, I help her get citizenship. But the IRS is awake to "fake marriages". The other thing - bringing in an unrelated party for tennant-in-common status - would only work with a really trusted person, whom I don't know.

249   Malcolm   2008 Jan 18, 9:12am  

BTW Dennis, I kick myself a little because one of my houses was vacant during the selling period. Had I know that vacation homes were included I might have done the deal a little differently. I had lived in that house for about a year and a half before I turned it into a rental, there was a funny cutoff because it was all right at the 5 year mark so every month in the future was knocking off one of the months in the beginning.

250   GallopingCheetah   2008 Jan 18, 9:12am  


Your pick up line is “wanna party” and you wave a $20 bill under her nose. She complies and is gone 10 minutes later.

I have never in my life approached women to offer drinks (etc.) in order to buy a chance to talk to them. I had girls buying me stuff (including drinks) a few times. One time in Vegas, a girl asked me to buy her a drink. I told her to fuck off. She then offered to buy me a drink.

I remember a young girl I meant in summer. We talked outside the cafe. The next day I asked her to come over and cook together. Then I told her I couldn't cook. So she cooked. Then I fucked her.

I don't generally pay entirely for dates -- if the girl offers to buy the movie tickets, i'll take her to after-movie snack. Occasionally I'd buy drinks for the girl that I've already known on a 1st date. If she doesn't offer to buy the 2nd round and doesn't want to come home with me, I immediately scratch her number off my cellphone.

251   Peter P   2008 Jan 18, 9:13am  

Dennis, immigration fraud is also a federal crime. :)

Entering the country "illegally" is apparently not a crime though.

NOT LEGAL ADVICE

252   DennisN   2008 Jan 18, 9:14am  

My 12:21 pm today is still in moderation. It has two really good humor items. HARM, Patrick, someone: please.

253   Malcolm   2008 Jan 18, 9:17am  

Yep, and for my scheme to work you have to trust the person enough to commingle the money in a joint account. Asian grad student, yeah I would have been reluctant too. In my grad classes there was a pretty hot Russian girl who had all sorts of ideas. I really liked her creativity. Being the daughter of a KGB official made her used to living above the rules. I loved it when I pulled up to the parking structure to see her happily putting her handicapped mirror hanger up in her Mercedes in a nice protected parking space.

254   Malcolm   2008 Jan 18, 9:17am  

handicapped = disabled, sorry.

255   HiThere   2008 Jan 18, 9:19am  

GallopingCheetah,

You are a real laughing stock.........are you famous as a laughing stock among people that know you? I can't really stop keep laughing by reading your posts. Are you really an idiot or you get pleasure by acting like one.

256   DennisN   2008 Jan 18, 9:24am  

Malcolm - go for it. Call them "cripple parking spaces".

I have a friend who hates being called "visually impaired". He says "God damnit, I'm BLIND you asshole". :)

257   Malcolm   2008 Jan 18, 9:27am  

LOL, when my brother had a motorcycle accident we used to jokingly call them crippled people parking permits. Ha ha, fun memory, thanks.

258   GallopingCheetah   2008 Jan 18, 9:30am  

Just don't let me find out who you are and where you live.

259   DennisN   2008 Jan 18, 9:35am  

When my sister had knee-replacement surgery, I called her handicapped mirror-hanging permit a "cripple space permit" to her disgust. But then again she's a democrat.

Notice she didn't refuse the USE of that permit. :)

260   🎂 HeadSet   2008 Jan 18, 9:36am  

GC,

Don't take it so hard. After all, we did not know from your previous posts if you were a man or a woman.

Now you claim to get better action than the bloke who takes his drink "shaken, and not stirred,"

261   anonymous   2008 Jan 18, 9:54am  

The pawnshop guy I traded the guitar for pellet gun to, described the gun's ex-owner as "all crippled up" and that's not an uncommon expression around here.

GC'd hate the common expression for his people around here lol!

262   anonymous   2008 Jan 18, 9:57am  

PS - people - on my comment on the working poor, at the time I was a 5 buck an hour worker, there was no EIC, thank you, Republicans!

I'm not sure all of the working-poor know to take the EIC when they file, but hopefully the word's out. They might be getting some fat refunds if they're not into delayed gratification enough to tinker with their W2 and get less taken out.

GC - you don't wave a $20 you just flash a crack rock, right?

263   🎂 HeadSet   2008 Jan 18, 10:07am  

at the time I was a 5 buck an hour worker, there was no EIC, thank you, Republicans!

EIC came out in 1975, but got its biggest boost in 1986, under Republican Ronald Reagen. How long ago are you talking about?

264   anonymous   2008 Jan 18, 10:34am  

Let's see, making $5 an hour from 1984-1987, making less earlier than that.

If it existed it was a deep, dark, secret but then I lived in a democrat stronghold, that does not surprise me.

Thank God for Reagan, now if we could only elect an even bigger right-wing mofo the little guy might have a chance.

PS - just in case you guys don't know that, the new "thought crime" bill is Dem born and Dem boosted, will be Dem passed if we don't do something.

And let's see..... the libtards are trying to convince us working-class troops the "KKK" are our enemies? Hell man, they're sponsoring highways, doing good deeds, they're US.

265   Malcolm   2008 Jan 18, 10:48am  

I was thinking the same thing. I started working in 1988. I think EIC was only for families, if not I missed out too. I seem to remember in the 90s it started applying to individuals. I remember a sliding scale where it cut off at $14,000 but who knows?

266   anonymous   2008 Jan 18, 10:55am  

I mean, youse guys have gotta be tired of my right-wing rants at times, but this is the point arch-liberal (and one of the few I have some respect for) Joe Bageant is trying to make, that the Repubs may treat the little guy badly, but the Dems treat 'em worse and sneer with delight while doing it.

Malcolm - Not sure on the history of the EIC, but it may be that it did not apply to me as a single until after I left the really low-wage end of things.

Again, Thanks, Repubs!

267   OO   2008 Jan 18, 10:56am  

Is it final that we are going to get $1600 per couple?

My plan is to buy a stash silver coins (I think silver will appreciate faster in the next few months), and just in case the USD collapses, I can use the silver coins to buy grocery at Safeway.

I am not sure if $1600 can buy much gold by the time it is dispersed. So when are we going to get our check? Let me call up some bullion stores first.

268   Randy H   2008 Jan 18, 11:07am  

And let’s see….. the libtards are trying to convince us working-class troops the “KKK” are our enemies? Hell man, they’re sponsoring highways, doing good deeds, they’re US.

When they opened fire on the Ohio State Patrol near Wilmington Ohio one of the cops killed was the older brother of a high school friend. He was white, Christian, conservative, had a wife and 2 kids, and probably voted Republican in every election since he was 18.

You, on the other hand, are beyond reprehensible. Now I know why so few of the regulars seem to post anymore, with the choads and jackasses seemingly having taken over.

269   Brand165   2008 Jan 18, 11:19am  

Is the decline surprising? The so-called 'Allah' drove out a bunch of educated regulars, and soon afterwards the vacuum was filled with the return of racists and pedophiles. I don't know what the hell value Patrick sees in race-bashing on a housing bubble blog.

I've resumed reading now that people like PAR, FAB and yourself are posting again. patrick.net used to be sort of a Calculated Risk lite with some cooking and travel thrown in. But I haven't seen astrid around in a long time, nor some other entertaining (former) regulars, and the discussions aren't around useful microeconomics anymore.

270   skibum   2008 Jan 18, 11:29am  

Brand,
I agree. Since the allah vs. Randy fallout, there's been a significant decline in the quality of the posts. There are still bursts of good stuff, but it's often drowned out by misogynistic and/or racist crap. I miss the "good old days."

On the other hand, talking about whether or not a housing bubble exists is clearly done for, so that may have had some effect too. I almost miss MarinaPrime/FR. Although, there are still somehow holdout housing bulls on Socket Site and CR.

271   Brand165   2008 Jan 18, 11:50am  

It's true that we've reached a point where Joe Sixpack knows about the housing bubble. However, I note that Randy is much more aggressive about policing his threads for trolls. When he was posting a lot of articles, the trolls stayed off those discussions or got moderated.

We're in an election year. With the bubble deflating and the economy facing some hard choices, surely we should be having some lively debates about who to put in the White House and congressional seats. I've listened to Ron Paul's propaganda, and while I don't like some of his solutions, the guy has a wonderful grip on the problems facing this nation. He has probably become my front runner.

272   Randy H   2008 Jan 18, 12:11pm  

I think I can still author threads, but I don't really have (nor would I use here) moderation power anymore...since I departed. We had some of the regulars going on my blog for a while, including Astrid who was posting some cool stuff about her Iceland trip and how one eats whale meat, but she moved on to other things as did many others.

For a while I found it entertaining to argue on Zillow because there were still serious realtors and home-sellers there who denied a bubble, and later a credit crises existed. But I got drowned out by their "good neighbor policy" -- which translates into "only posters with official realtor-tags on their screen name can be abusive or insulting, everyone else has to be nice".

I am going to get my blog going again very soon. I've found a couple of other very interesting authors who I hope contribute. I'm just still trying to figure out a decent redesigned look. And, best of all, I'm experimenting with some thread-management plug-ins that let people self-police against trolls, spam and ignorant whack-a-moles who fantasize about being a foot soldier in some race war.

273   Peter P   2008 Jan 18, 12:24pm  

Please do not mention whale meat. Yuck, I still have the taste in my mouth.

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