mefordis
If you can dream it, you can do it.
- Joined
- Jun 23, 2006
Everything is the millennials fault, don’t ya know!
I love being Gen X. We skate under the radar unnoticed and we get blamed for nothing.
Everything is the millennials fault, don’t ya know!
I didn’t say it was But it would be illegal to jack up someone’s rent like that in response to market rates. So if you’re paying $2k a month in rent you don’t have to worry about suddenly having to pay $2800 at lease renewal. If you’re looking to sign a new lease, that’s a slightly (but still not as drastic) story.
I love being Gen X. We skate under the radar unnoticed and we get blamed for nothing.
I get a minimum of 2 calls per day and sometimes up to 6 wanting to know if I want to sell my house. They are all the same: will pay cash, close when I want, and bought "as is". I just need to move out. I never answer them. I will not deal with some fly-by-night outfit looking to make a quick buck.
But there is no state law in NYC that will limit the amount of rent increase by your landlord if you are renting a non-stabilized apartment.
For a unit to be classified as rent-stabilized, it must fall into one of the following categories:
- Have had a rent of less than $2,000, if a tenant initially moved into the apartment between 1993 and June 23, 2011.
- Have had a rent of less than $2,500, if a tenant initially moved into the apartment between June 24, 2011 and June 14, 2015.
- Have had a rent of less than $2,700, if a tenant initially moved into the apartment since June 15, 2015.
- Have had a rent of less than $2,733.75, if a tenant initially moved into the apartment after December 31, 2017.
- Have had a rent of less than $2,774.76, if a tenant initially moved into the apartment after December 31, 2018 but prior to June 14, 2019.
We are in the Bay Area, definitely not in the nicer areas either, and houses aren't even making it to market. They go from coming soon to sold. This is for 1,000-1,500 sq ft homes built in the 70s selling for about 1.2 million, it is truly insane.
The only downside is not knowing will that will be, also would also depend on what price range is even in the comfort range.she is continuing to save and will be ready to buy when prices start to stabilize a little.
And sadly this is why we left California. DH and I could never have afforded to buy in our home state. I grew up in a smaller community south of San Jose and miss it, but can't afford to move back.
Last summer a friend of mine posted a home across the street from hers that hit the market in east San Jose for 1.2 mil. It was stuck in the 70s and needed a major over haul. Neither the schools nor neighborhood were the best in the 90s.
I love being Gen-X too....we only skate under the radar because nobody has every paid attention to us....ever. And we're totally fine with that.
dh is a gen-x'r and i've noticed via facebook that allot of his friends from back in the day have only recently been able to get into the california real estate market as homeowners b/c their parents who bought in the late 60's/early 70's stayed put/never bought up/never pulled out equity loans so while the parents thought they would be leaving an asset that could be sold off and create a financial windfall for their kids-they've, in reality, afforded them the only opportunity they could likely see for the rest of their lives to be homeowners in their own hometowns. we are also getting to point now where dh's contemporaries are talking of those homes passing down to their kids or grand kids so it's a throwback to generational same home ownership. fascinating to see each generations spin on decor/renovations (people post lots of before/during/after photos when they've lived in or been associated w/going on 60 years ).
And sadly this is why we left California. DH and I could never have afforded to buy in our home state. I grew up in a smaller community south of San Jose and miss it, but can't afford to move back.
Last summer a friend of mine posted a home across the street from hers that hit the market in east San Jose for 1.2 mil. It was stuck in the 70s and needed a major over haul. Neither the schools nor neighborhood were the best in the 90s.
And sadly this is why we left California. DH and I could never have afforded to buy in our home state. I grew up in a smaller community south of San Jose and miss it, but can't afford to move back.
Last summer a friend of mine posted a home across the street from hers that hit the market in east San Jose for 1.2 mil. It was stuck in the 70s and needed a major over haul. Neither the schools nor neighborhood were the best in the 90s.
dh is a gen-x'r and i've noticed via facebook that allot of his friends from back in the day have only recently been able to get into the california real estate market as homeowners b/c their parents who bought in the late 60's/early 70's stayed put/never bought up/never pulled out equity loans so while the parents thought they would be leaving an asset that could be sold off and create a financial windfall for their kids-they've, in reality, afforded them the only opportunity they could likely see for the rest of their lives to be homeowners in their own hometowns. we are also getting to point now where dh's contemporaries are talking of those homes passing down to their kids or grand kids so it's a throwback to generational same home ownership. fascinating to see each generations spin on decor/renovations (people post lots of before/during/after photos when they've lived in or been associated w/going on 60 years ).
Live Oak High? I grew up in Gilroy. Spent a lot of time in Morgan Hill. As a teen in the 90s that’s where you went to see a movie, or for Target. Much safer drive than the alternative, Hollister.That’s why we left CA, too. I went to high school in Morgan Hill.