California passes rent cap bill

a reply to: JAGStorm

You couldn't be more wrong on this.

LA is a renters paradise. Why do you think all the once-affordable neighborhoods have been transformed? The abuse of the Ellis act and the fact that shoddy landlords go virtually unpunished here is out of hand. Rent control is what keeps any of these places even viable to everyday normal people (by that I mean someone that makes 100k or under).

Since 2001 24,021 building have been Ellis Acted. For those of you that don't know what that is it's a bill that passed in 1985 that was basically passed to protect "mom and pop" landlords that had gotten too old and couldn't tend to their property any more. Sadly, the Ellis Act has completely abused and corrupted by large developers buying up rent-controlled buildings, demolishing them, and then building high-priced luxury housing where they can charge astronomical rents. Not at all in line with the "renters fatigue" assistance for the elderly it was supposed to be.

And just like when I lived in Brooklyn, big money developers sweep in, throw a bunch of money at the government, and skirt laws (especially building height laws) and local community boards. It's gotten completely out of hand. Landlords here can evict anyone because there are so many eviction avenues for them to go down. I know friends who have been evicted because the landlords claim that their check never showed up in the mail. Weird how it went missing multiple months in a row right when the landlords wanted them out. I have other friends that were evicted because landlords here can evict if they are moving a family member into the residence. Thing is that family member is supposed to move in within 6 months time. That was over a year ago and no family member ever moved in. My friends called the city to report it, city said "yeah, we don't have time for this".

We need rent caps and renter protection here. Badly.

a reply to: CajunMetal

That means landlords like the one my family had could decide to raise rent by $800 all of a sudden ... [it] became a home that cost 200% more to live in.

That surely suckfor you, but really, why shouldn't the owner be able to make that charge increase if that is the market value?

It would take 17 years for the owner to reach market value with the rent cap law in question.

This is of course great for you, but what actually justifies you having cheap rent at his expense?

a reply to: JAGStorm

Socialist take over 1st it will be rent control then eminent domain,soon the government will own all property this has been planned for years as a disaster will hit,the US will be seperated in the middle,sovereign states will appear,then will come the bankers to pick us clean ,these plans have been in play since I was born, we have been given little true history,evidently it gets rewritten every 250 yrs,the parts do not fit the puzzle

originally posted by: underpass61
a reply to: airforce47

I live on a peninsula on the L.A. coast with 150 ft cliffs around it and capped with a sizable hill. A serious sea level rise might put most of the city and surrounding areas underwater but I'd have island property. Aloha!

I live in Charleston, SC. It is below sea level. It is on the coast. It is not underwater. Neither will LA be.

a reply to: okrian

Once the lease is up they should be able to evict for any reason. If you have freckles and they don't like it.

So are they going to cap property taxes?

originally posted by: JIMC5499
So are they going to cap property taxes?

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA.

originally posted by: OccamsRazor04

originally posted by: JIMC5499
So are they going to cap property taxes?

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA.

I thought someone would get a laugh out of it.

originally posted by: OccamsRazor04

originally posted by: JIMC5499
So are they going to cap property taxes?

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA.

I thought someone would get a laugh out of it.

a reply to: JIMC5499

I think that's an ingenious lawsuit. If they are capping the value, taxes should be capped at that same amount.

originally posted by: JIMC5499

originally posted by: OccamsRazor04

originally posted by: JIMC5499
So are they going to cap property taxes?

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA.

I thought someone would get a laugh out of it.

Better yet, let's cap home prices too while we are at it. Tell all those Hollywood types they can't sell their homes for than the rate of inflation from when they bought it. Why should just renters be protected?

a reply to: Edumakated

That's exactly what should be done.

a reply to: okrian

Supply and demand. If rent prices are too high for "normal" people in that area, they should move, they should seriously move.

The answer is not lowering or fixing rent prices. This doesn't even fix the problem. The problem is a combination of things.
-overpopulation
-illegals
-no housing growth

fixing rent does not fix those things.
The problem is that people don't want to move. It's just like people want to work an easy job but be paid a lot.
There are TONS of well paying jobs, it's just that people either don't want to do the work, or move to take them.

Is that the problem of the employer or employee, same thing.

BTW, there are areas in Milwaukee that you can buy an entire house for around 20K, Yes buy it, not rent it, that is for the whole house.

a reply to: DupontDeux

There is no market value, that's why laws like this got passed, the real estate bubble is killing folks...

*munches popcorn*

originally posted by: cenpuppie
a reply to: DupontDeux

There is no market value, that's why laws like this got passed, the real estate bubble is killing folks...

*munches popcorn*

There is market value.

Apartment is for rent.... somebody wants to rent it. Where they can agree on price is the market.

The reason rents are high is because the demand side of the equation out strips the supply side which is what drives up prices/rent.

If you think it is too expensive, you move to where the cost of living is cheaper. No one is entitled to live in any area they cannot afford.

a reply to: cenpuppie

Then government should dictate house/renter prices, since there is no market.

a reply to: Edumakated

No one is entitled to live in any area they cannot afford.

That is what kills me, people think they deserve everything. No they don't. The bad thing is that kind of attitude
actually hurts them in the long run more than anything.

originally posted by: JAGStorm
a reply to: Edumakated

No one is entitled to live in any area they cannot afford.

That is what kills me, people think they deserve everything. No they don't. The bad thing is that kind of attitude
actually hurts them in the long run more than anything.

That's the entitlement mentality I don't get about some people. There a plenty of places I'd love to live but I can't afford them so I live somewhere else.... this isn't rocket science. Staying in some high cost of living area complaining is pointless. Just face reality, pack your sh*t and move.

originally posted by: Edumakated

originally posted by: JAGStorm
a reply to: Edumakated

No one is entitled to live in any area they cannot afford.

That is what kills me, people think they deserve everything. No they don't. The bad thing is that kind of attitude
actually hurts them in the long run more than anything.

That's the entitlement mentality I don't get about some people. There a plenty of places I'd love to live but I can't afford them so I live somewhere else.... this isn't rocket science. Staying in some high cost of living area complaining is pointless. Just face reality, pack your sh*t and move.

What is really disturbing is that some people would rather be homeless.... You see it all over the West coast. I just want to shake some of those people. Like you said pack it up and friggen move! Some of them could actually have very middle class lives elsewhere.

Not sure if you watched any of the Marie Kondo series. She follows one family that moved from a mcmansion in Michigan to a tiny apartment in LA.. Guess what folks, the reverse works too! ha

originally posted by: JAGStorm

originally posted by: Edumakated

originally posted by: JAGStorm
a reply to: Edumakated

No one is entitled to live in any area they cannot afford.

That is what kills me, people think they deserve everything. No they don't. The bad thing is that kind of attitude
actually hurts them in the long run more than anything.

That's the entitlement mentality I don't get about some people. There a plenty of places I'd love to live but I can't afford them so I live somewhere else.... this isn't rocket science. Staying in some high cost of living area complaining is pointless. Just face reality, pack your sh*t and move.

What is really disturbing is that some people would rather be homeless.... You see it all over the West coast. I just want to shake some of those people. Like you said pack it up and friggen move! Some of them could actually have very middle class lives elsewhere.

Not sure if you watched any of the Marie Kondo series. She follows one family that moved from a mcmansion in Michigan to a tiny apartment in LA.. Guess what folks, the reverse works too! ha

Exactly. What is funny is my brother in law and his wife moved from NYC to LA a few months ago. They went from a 1000 sqft rent controlled apartment in Harlem to a friggin 3 bedroom house in LA (renting it too) with a pool and basketball court. They can't believe how much more space they have compared to NYC.

On the other hand, they are probably paying twice what my mortgage is here in Chicago.

Regardless, you move where you can afford to live and the living conditions you are prepared to tolerate. I won't move to CA (politics aside even though it is a beautiful state) simply because it is too friggin expensive imho.... and I can "afford" to live there!