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Press exaggerates rent increases


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2006 Oct 19, 1:10pm   12,273 views  183 comments

by Patrick   ➕follow (61)   💰tip   ignore  

Lately there has been a rash of articles about Bay Area rents going up. This is odd, because there was a big surge in rents in May and June, but not now. Two years ago I started monitoring and making graphs of Bay Area rents on the home page at http://patrick.net/ so I have plotted a huge amount of data, and I'm sure that the rental news lately is pretty boring.

So why the sudden burst of articles? Random noise in the press, or an attempt to encourage whatever few people who may still be thinking of buying a house?

Patrick

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179   Sylvie   2006 Oct 20, 2:49pm  

I'll be lucky if I get back my same standard of living I had before my divorce. I jus want to own my own modest home not even large. It's not asking too much I don't think. I'm no willing o marry just to raise my standard of living like alot of women. I know men aren't stupid and besides yu can always be traded up again. If own my own propert then if my relationship circunstances change it's still my home.

180   Sylvie   2006 Oct 20, 2:56pm  

LILLL,

I'm so sorry to hear that my sympathys. I lost my only brother in 1979 he was nineteen. I was living in NC at the time and just had my son a few months before.

181   skibum   2006 Oct 21, 5:27am  

LiLLL,
My sympathies.

182   EBGuy   2006 Oct 21, 5:06pm  

Those in urban neighborhoods with good transit spend a mere 10 percent getting around but 45 percent on their homes.

I probably don't want to get into it with RC, but since this is something of a good approximation of my situation, I will attempt to argue the point (and maybe learn a thing or two). Perhaps I don't understand the more nefarious aspect of LEMs, but the main thrust of what I had posted was simply about getting the lending ratio threshold changed from 30 to 45 percent in warranted cases. Telling me I have to move to the suburbs and commute by car seems pretty discriminatory and car centric to me. The cash I save by biking to work allows me to afford that higher home payment. I shouldn't have to resort to a "liar loan" or other questionable practice to accomplish what is already economically feasible.

183   surfer-x   2006 Oct 21, 6:41pm  

Senor Cote' your command of double speak is only superseded by the Abbott and Costello-ing of Jerry Lewis, or course the LDM's are giving it to the SUH, it they didn't the SILSIH (suck it long, suck it hard) folks underwriting the entire goat rodeo would back up bags and choogle on back to Oregon to party with DinOR while he lubes the shot-gun in preparation for yet another fools attempt on the DinOR-ettes.

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