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Posted on September 22 at 2:51 p.m.
Did the owner tell you why? I'd be interested to know. I DO know that those multi-family properties around that area have been selling for astronomical prices recently. Maybe she plans to sell and wants the numbers to look good before she sells? Without more info, it's difficult to speculate.
On Not Squeezed, Strangled
Posted on September 21 at 8:45 p.m.
The people that blame landlords when rents rise are likely the same ones that blame speculators or oil companies when gas prices rise. The concepts of supply and demand simply elude them.
On The High Price of Renting in Paradise
Posted on September 21 at 8:29 p.m.
rk - it's not just houses, it's multi-family units as well. This issue with QE is that it artificially brings down interest rates. QE drives money that would otherwise sit in savings accounts into stocks and real estate. Money seeks yield. There is no yield in savings accounts. Dividend paying stocks and multi-family (as well as single family) housing generates yield. There is also pressure to increase that yield. That drives up prices as well as rents. The fact that more people are renting instead of buying also places pressure on the rental market.
The people that run the fed say there's no inflation. Sure, your TV and your computer may be cheaper. What about your rent and college tuition though?
Posted on September 21 at 5:15 p.m.
Well, UC certainly needs to raise tuition rates to keep afloat, don't they?
On Chancellor Gets a Raise
Posted on September 21 at 3:22 p.m.
You blame capitalism for this system we have when in fact it's government that has created it. Government sets building standards and regulations. If someone could build a 20 storey apartment building in SB, don't you think they would have done that by now? The Gaviota coast could also accommodate more housing units. This is a housing shortage created by government and nobody else. Of course, we elect the government and most that live here don't want that kind of development. Supply and demand will always dictate price. Demand will always be what it is. Supply is restricted by government policy.
Posted on September 21 at 2:52 p.m.
If Pini kept a low profile like Edward St. George, he'd be much better off. St. George is a big SB property owner. He buys, rents and sells lots of stuff, but few people have heard of him.
On Pini Sues Carpinteria
Posted on September 20 at 10:43 p.m.
He owns my dentist's office building now. I think he's making a move from multi-family units into commercial buildings. Let's just say my dentist isn't thrilled.
Posted on September 20 at 10:26 p.m.
That is one cooooooo- ul video.
Didn't I see Ken Volok there?
On Santa Gnarbara Downhill
Posted on September 20 at 9:58 a.m.
Just because someone doesn't agree with you doesn't make them a troll. I have had a number of tenants that try to make their personal problems into the landlord's problem. That is something that no landlord needs. I avoid those types of tenants like the plague. The landlord will keep the place in decent shape. The tenant will pay the rent on time. No landlord wants to be put in the place of being a social worker. If emenzies is inflicting her personal problems on her landlord the way she does on this website, I would be in a hurry to lose her as a tenant too.
Posted on September 20 at 8:44 a.m.
Most of this stuff emenzies is posting is irrelevant. Everyone has problems, even landlords. If a landlord misrepresents their properties, take your business elsewhere. We all know that tenants never misrepresent themselves, right?
It will always be difficult to find a good place in SB that meets your needs at the right price. And there will always be dishonest landlords as well as dishonest tenants. That's just the way it is. But a landlord isn't going to give a s**t about your personal problems just as you aren't going to give a s**t about his. It's a business arrangement, not a social contract.