7/16 My lease is up Aug 15 and the landlord just raised my
rent from $1750 to $2250. shitdamn!
\_ If you're working full-time in a tech job and renting, you should
consider buying a condo/townhouse/house instead. You have more
money than you think. It just takes courage to be frugal. I
graduated four years ago and just bought a house. I saved 40-50%
of my take-home pay every month. You'll be amazed how much money
you can save by bringing your own lunch everyday and only watching
matinee movies. -frugal and happy homeowner
\_ Four years ago houses cost half as much....
\_ true, but hopefully your salary has kept up. I saved
enough for downpayment after 2 years of working. It took
me two more years because I didn't want to spend my life
savings in a single transaction. I highly doubt that
a programmer that earns 70-100K a year can't save enough
for downpay in a couple of years. LIke I said, it takes
courage to be frugal.
\_ yeah, or MOVE THE FUCK OUT OF THE BAY AREA.
-paying under 300 a month for a nice place in
a nice neighborhood walking distance from work
\_ And earning nothing. When I sell my house and leave
the bay area, I'll have the money to buy 10 places
likes that and retire on your rental money. How's
the walk?
\_ um, i'd have to be earning $140K to have "kept up".
And how in the hell will i save up $100K for the
downpayment, so that i can qualify for the $400K
mortgage? Even skipping lunch and movies wont get me
that. Sure, obviously it can be done because
others do it...but how?
\_ 1/5th of 400k is 80k, not 100k. And you don't need
to spend 400k on a house... yet.
\_ I didn't say you should skip lunch. I said bringing
your own lunch. I make less than 100K a year but I
was still able to save enough for downpay. Try opening
a savings account and direct deposit 30-50% of your
AFTER-TAX paycheck into it. And NEVER WITHDRAW A
PENNY FROM IT. Live from the rest. If it means never
eating out or buying shit at Fry's so be it. Yes, it
is hard to do this. It takes courage to do this. But
you can do it! Also... be sure your SO is doing the
same. Two people saving is better than one person
saving. This doesn't work if your better half is
not living the same lifestyle. And why are you only
looking at $400K houses? Your first car is not your
dream car, your first house shouldn't be your dream
house either. Look at condos or townhouses first.
\_ Don't get a condo. It's a loss.
\_ Have you ever considered the fact that they think you're
a slob and they want to force you to move out?
\_ what city are you in? this is illegal in most places (well, many,
not most)
\_ Pete Wilson outlawed Rent Control in California shortly
before leaving office. Anyone who started renting after
1/1/99 in Berkeley is exempt from rent control protection.
\_ no the CA legislature outlawed VACANCY rent control.
That is, once someone moves out the landlord can raise
the rent as much as he wants for the next tenant. Used
to be in Berkeley that when someone moved out the
landlord could only raise the rent something like 5%.
\_ 15%. Don't exaggerate.
\_ no 15% was what they raised it to in the interm
when they were easing out rent control. And even
that they could only do twice in the 3 year period
that that was part of then rent code. Just cause
you are a young'n doesn't mean you have to show
your ignorance.
\_ doesn't mean all renter protection is out. Berkeley, for
one, still puts severe limitation on how fast the rent
can rise while the same tenant(s) is/are occupying
\_ actually very few places
\_ San Jose.
\_ Annual "inflationary" raise in rent is common, but NOT $500
at a time! My Walnut Creek landlord raises rent by $50 every
year so far, while in Albany my rent stayed the same for 6 yrs
at $1050 for a 2bd-2br. Depends if you have rent control in
your city.
\_ I live in North Oakland/Rockridge. Good-sized 1bd-1ba apt w/
security gate, covered, reserved carport, on-site laundry
room. Original rent: $550. Landlord has raised rent twice
in past 5 years. Now rent is: $566
\_ yes it is called rent control
\_ And it's in Oakland.
\_ My girlfriend lived in a brand-new complex near Fremont BART
with her sister. They had to move out after lease was up because
the complex was bought out and the new owners raised the rent
by $700 ($600 if you were a returning leasee), no matter if it
was a 1BDRM or 2BDRM.
\_ Landlords are evil. We must return the land to the people! |