SavingsTalk.com

Alex3 · 10-31-2007, 03:17 PM

In California, we're having the drop in home buying and prices, fires, and other background issues. I know this affects supply and demand, but I don't buy this idea because most places we've looked at charge ridiculous prices while rooms stay vacant. If apartments are so much, it seems that people would just refuse to buy at irrational prices. Can't rent prices circumvent supply and demand? Why not significantly lower the prices and fill every complex up? I think the outcome and result we would see is that there are not enough units to meet the need of shelter--so build more complexes! There's no low-income housing and I don't think we could get with our income (we're like at 60-70 thousand before taxes). We just got married, live pay-check-to-paycheck, no money saved, FYI. <br /><br />Complexes post the federal nondiscriminatory law but why is income not part of this? Class and income disparity is the most significant issue in economic affairs (IMO) and is not addressed. Pretty scandalous.<br />

highlander · 10-31-2007, 03:17 PM

If tenants weren't paying the posted rates they would come down. All the people who are losing their houses need a place to live. Rental rates didn't go crazy like housing prices.

broker · 10-31-2007, 03:17 PM

Welcome to CA.
Be patient, and hopefully a landlord somewhere will get tired of not getting rent income and will lower their asking price to get a renter in.

taxhour · 10-31-2007, 03:17 PM

I like it when rent is high. The higer the better. If one has low rent then the kind of people who rent are not the kind you would like to rent (Live) next door to. I live in a high rent area and the class is high. No loud music....No rusted out cars with loud mufflers....No men riding bicycles.. It's a good area.

taxguru · 10-31-2007, 03:17 PM

You should search around a little bit more. Not all places have high rent. You need to poke around to find the right kind of place in your price range. I'm not sure which part of CA you're in, but if you were in Orange County, go to one of these kind of sites:
http://www.forrent.com/search-apartments-by-area/CA/Orange-County.php
and enter in your price range to see what comes up.

10-31-2007, 03:17 PM	#1
Alex3 Piggy Bank Join Date: Jul 2006 Posts: 80 Rep Power: 6	What is the deal with such high rent for apartments? In California, we're having the drop in home buying and prices, fires, and other background issues. I know this affects supply and demand, but I don't buy this idea because most places we've looked at charge ridiculous prices while rooms stay vacant. If apartments are so much, it seems that people would just refuse to buy at irrational prices. Can't rent prices circumvent supply and demand? Why not significantly lower the prices and fill every complex up? I think the outcome and result we would see is that there are not enough units to meet the need of shelter--so build more complexes! There's no low-income housing and I don't think we could get with our income (we're like at 60-70 thousand before taxes). We just got married, live pay-check-to-paycheck, no money saved, FYI. <br /><br />Complexes post the federal nondiscriminatory law but why is income not part of this? Class and income disparity is the most significant issue in economic affairs (IMO) and is not addressed. Pretty scandalous.<br />

10-31-2007, 03:17 PM	#2
highlander Greenhorn Join Date: Jul 2006 Posts: 32 Rep Power: 6	What is the deal with such high rent for apartments? If tenants weren't paying the posted rates they would come down. All the people who are losing their houses need a place to live. Rental rates didn't go crazy like housing prices.

10-31-2007, 03:17 PM	#3
broker Greenhorn Join Date: Jul 2006 Posts: 39 Rep Power: 6	What is the deal with such high rent for apartments? Welcome to CA. Be patient, and hopefully a landlord somewhere will get tired of not getting rent income and will lower their asking price to get a renter in.

10-31-2007, 03:17 PM	#4
taxhour Greenhorn Join Date: Aug 2006 Age: 29 Posts: 20 Rep Power: 6	What is the deal with such high rent for apartments? I like it when rent is high. The higer the better. If one has low rent then the kind of people who rent are not the kind you would like to rent (Live) next door to. I live in a high rent area and the class is high. No loud music....No rusted out cars with loud mufflers....No men riding bicycles.. It's a good area.

10-31-2007, 03:17 PM	#5
taxguru Greenhorn Join Date: Jul 2006 Posts: 29 Rep Power: 6	What is the deal with such high rent for apartments? You should search around a little bit more. Not all places have high rent. You need to poke around to find the right kind of place in your price range. I'm not sure which part of CA you're in, but if you were in Orange County, go to one of these kind of sites: http://www.forrent.com/search-apartments-by-area/CA/Orange-County.php and enter in your price range to see what comes up.

SavingsTalk.com

Your guide to saving money and making smart investments!