NP. It's not that black and white. Landlords must tread very carefully in terms of their legal obligations. Tenants rights also exist in the law--not just a contract. |
You have rights as a renter, but a fixed rent for the rest of your life isn't one of them. Since you think it is, it makes you the greedy one. |
Where did PP say s/he was under the impression s/he owned the property? I read the post as claiming rights, which renters do have. Rightfully so! |
I saw the OP's post in a different thread. He called a landlord greedy for increasing the rent (on a yearly basis), and implies that this violates his right as a tenant. It doesn't. |
You seem to be a little simple, honey. Try reading a book (if it wouldn't be too painful). |
What? You can not be serious. What is with the disdain for people who rent? I have to assume it's the same angry and oddly bitter person. Renters = Squatters? Really? REALLY? Renters do a service to landlords, who presumably want rental income while sitting on a property as it gains value as they have their mortgage covered by someone else. Are all landlords greedmongers? No. People are just people living their lives as best they can. All this vitriol makes me worried about our country and people like this poster, who are making statements that I find quite scary and angrily judgmental. |
The generalization that renters don't take care of property isn't wrong. It's true, which is why and how banks can discriminate on loans and charge more interest to investors rather than owner occupants. |
It's because in SoCal housing has been crazy expensive for a generation. So many middle and even upper middle class families rent bc it is so expensive. It most parts of US and DC until 2000, it was cheaper and easier to buy; only irresponsible people with bad credit or students rented. Even single people working for just 5 years would buy bc in long run it would save money. |
Only a tiny percentage of rent controlled units have income criteria. Many people living under rent control are poor but many are affluent. The NY Times has done a number of stories about lawyers in manhattan paying $900/month for a prime 2 BR. I lived in rent control before buying. All multi-unit buildings built before the 80s are rent controlled. |
Nonesense. Investor loans are higher risk because investors can walk away from an underwater property with no personal/social damage, only financial, and that makes a big difference. And because stats show that investors do in fact default at higher rates than owner occupied. It has nothing to do with how well or poorly renters look after their homes. |
+1 Let's stop feeding the PP. I can't even. |
+1000. |
+1 Banks don't operate under the assumption that a property will not be taken care of. Anyways, I am a landlord for a townhome rental in Ballston. I finally have decided to not renew the lease with my WASP young professionals. I let the behavior continue since rent was paid on time and the majority of the house is dated. I am going to gut/renovate all the bathrooms/kitchen and put in hardwood flooring upstairs bedrooms. I am just appalled how they choose to live like college kids. Obviously, I am going to hammer them on the checkout and security deposit. |
Nice tough. Bet the white trash renters can out-grammar you any day of the week. |
| Landlords should just hire a lawn service and split the cost of it with the tenant (add it into the monthly rent). |