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Rent going to 4K, my family is crumbling, I am fucked!
2015 Jun 21, 5:52am 39,418 views 66 comments
by JasonM follow (0)
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elliemae
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2015 Jun 22, 10:12pm
If your wife is worth a shit, she'll realize that you did the best you could with the info you had. The kids will be fine, and your life isn't over.
Y
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2015 Nov 26, 9:07am
'cause you're fuckin stupid...
If we have to move, her worst fear is realized. She will have lost all confidence in my judgement and I have compromised my kids education. After a few years away, I come back to the bubble sites for consolation and no one is left – all the wise voices who told me to wait are long gone. I waited for FUCKING YEARS and NOW I AM LOSING EVERYTHING – HOW IS THIS POSSIBLE!?!?!?!
FortWayne
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2015 Nov 26, 11:21am
You could just live in another place where rent is not $4,000. Plenty of people make that choice.
There is a bubble now in rental market. It's happening in LA too, just like Bay Area, but on smaller scale. Rentals are turned over (where not rent controlled), tenants flipped for higher paying once through price increases. Greed is putting this nation again yet into another stranglehold. It's a painful shame.
All that money flowing into rentals, not into real investment such as stocks or bonds.
Your best bet, is find another place.
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Recently, someone bought my rental and informed me the rent is going to 3,800K. Ive looked at comparable rents and there is nothing in this school district for less than that. And you can forget about buying. Places like the one I sold are going for 200K more than what they were in 2008. This didn’t seem like a problem when we had a 1 year old. Now we have 2 ages 5 & 7. For years my wife fretted we would have to move to the shitty school district but I promised her that wouldn’t happen – the bust would be long over, we would buy at the bottom and be happy again.
She trusted me and my judgement of what is best for our family. If we have to move, her worst fear is realized. She will have lost all confidence in my judgement and I have compromised my kids education. After a few years away, I come back to the bubble sites for consolation and no one is left – all the wise voices who told me to wait are long gone. I waited for FUCKING YEARS and NOW I AM LOSING EVERYTHING – HOW IS THIS POSSIBLE!?!?!?!
#Housing