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Littleworried,
A 20-30% hike sounds extremely high, even for CA. I've seen lots of move-in specials in my neck of the woods (L.A.), while rents --though high for what you get-- seem to be tracking inflation (5-6%).
*Sniff*, *sniff*, do I smell troll?
Littleworried,
Sorry if I mis-read you. Your comment about possibly making a mistake by not buying coupled with the 30% hike raised a red flag for me. That's par for standard troll operating procedure :-)
Anyway, that really sucks --I'm very sorry. It sounds like the building got flipped recently and the new owner is trying to cover the monthly nut --or they're just getting greedy. I'd definitely start looking elsewhere --no need to pay for someone else's greed/flip. Can't give you much specific advice about apt. hunting in Santa Clara, but for that money you ought to be able to find something a little bigger.
I am a little worried about this rent hike. No apartments are offering specials and I see rents about 20% higher compared to this time last year. My apartment complex in santa clara is asking long term renters like me to vacate. They are gonna renovate the apartment just a little bit and are gonna jack up rent by almost 30%! At this rate, instead of home prices going down, rents might creep up to match home prices. May be I made a mistake not buying. sigh
Go fuck yourself troll.
Dear New Maggot Troll,
tinyurl.com/lcf58
Perhaps you should pull your fucking realtwhore head out of your ass and sniff a non shit smell, there are over 1300 apts in the glorious bay area for under 1000. Or better yet, buy in now before you're priced out forever.
Asshole.
Does it matter HARM? Same tired fucking bullshit, RENTS GOING UP, THRU THE ROOF. HOUSING IS GREAT, I CAN BUY A BWM FOR WHAT MY HOUSE "EARNS" EACH MONTH.
Fuck them all.
I am looking for some kind of rational explanation to this phenomena and see if I am missing anything
Your Mothers crack habit is dependent on the DEA's inforcement policies?
Man, it's been so long since we've had a trolls around on a regular basis my Troll-dar is rusty.
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Thanks to Hollywood's cultural hegemony, everyone in the world seems to "know" California and usually has a mental image of what life in the state is like. Sadly, the reality of the typical CA "lifestyle" today bears almost zero resemblance to the popular Baywatch glamor image slavishly promoted by the media.
For most working-class wage earners (especially for post-Boomers) that lifestyle generally ranges from spartan to awful, and seems to be trending worse by the day. Housing is only one part, albeit a very large one, in the overall progressive deterioration in the quality of life here for regular folks. The deterioration manifests itself in a number of ways: environmental degradation/pollution, overpopulation/urban overcrowding, traffic perma-gridlock, rapidly deteriorating physical infrastructure and schools, and --critically-- the inability of a working-class income to provide a middle-class lifestyle.
Ignoring the current housing bubble for the moment, the secular trend for at least the past 30 years appears to be California transitioning to a completely bifurcated economy and society, strictly divided between a super-wealthy elite "haves" and a permanently impoverished majority, mostly made up of illegal immigrants and marginalized citizens. The emerging reality is closer to what one might expect to find in Mexico or Brazil, not in the U.S. The housing bubble has greatly exaggerated and magnified this trend, of course. However, even when you remove it from the equation, this long-term trend towards housing unaffordability, overpopulation and overall lower quality of life remains.
I present you with three distinct visions of California.
California Past (pre-Prop. 13, SMUG/NIMBY, illegal flood):
Hollywood Fantasy California:
California Present:
#housing