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Now, come on, this is just downright idiotic. I have a friend in Chicago who works 40 hours a week as a lube tech, makes about $28k a year, and is able to suppo
by x0054 11y ago
Now, come on, this is just downright idiotic. I have a friend in Chicago who works 40 hours a week as a lube tech, makes about $28k a year, and is able to support his mother, own a modest house and 2 cars. Is this guy entitled to live in NY? Is anyone? What's wrong with Chicago, or Kansas City, or any other fine city in the US. Does every one HAVE to live in NY or LA or SF?
Also, I really get annoyed with the stereotypical evil landlord depictions. For instance, here is a story about a couple I personally know in LA. They are Mexican immigrants. They both worked hard their entire life. About 20 years ago they purchased a house in central LA. for the last 9 years they have been renting out a portion of their house to a woman and her daughter for $800/mo. Most of the time they would get rent late, and some months not at all. Now they want to retire and sell their house, take out the equity, and move to a cheeper area.
One problem though, they can't. The woman will not move out, and no one wants to buy the house with a current tenant. First she demanded a $19,000 relocation fee, which is required by the City of LA. But you have to remember, this is equivelant to her basically living in this place rent free for 2 years. But that's not all, she also said that she will not move out unless they can find her a little HOUSE (as in with backyard and all), in Santa Monica, where she can pay no more than $800/mo! Legally they can not evict her, and can not sell their house and retire. She is literally holding them hostage. Is that fair?
The point is, no one is entitled to live in NY, SF, or LA. And once you make the move, you might realize that their plenty of nice places out there in US.
- mschuster91 11y ago> Is this guy entitled to live in NY? Is anyone? What's wrong with Chicago, or Kansas City, or any other fine city in the US. Does every one HAVE to live in NY or LA or SF? No one wants to leave his home just because some rich asshole decides he wants to make a shitload of money. (And no, the option to stay is not an option if your landlord is one of the mentioned mafia-like ones)
- x0054 11y agoYou mean to say: No one want's to leave someone else's house, especially if they get to stay there for way, way, below market rate, just because the actual owner of that house wants to sell that house or fully utilize their investment. The problem with SF, NYC, and LA is that more people want to live there than is currently possible by the housing market. As a result, supply of available units is overwhelmed by demand. So, if you are looking to blame some one, blame all those people who want to move to NY and are willing to pay more then the next guy for an apartment. If no one was renting these apartments for the price they are currently renting for, the price would fall. That's the definition of market price. Further, with the internet connecting us closer and closer, I can not imagine where this drive to pack as many people as possible within as small of a place as possible is coming from. I understand that some will argue that high density community impacts the ecology less because you don't have to drive as much. Ok, I'll buy that argument, but can't we have more high and medium density communities in US instead of packing more and more people into the same 3-4 places around the country.