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KT2000

(22,136 posts)

1. Another bubble

Reply to cthulu2016 (Original post)

Thu Jul 5, 2012, 01:23 PM

Jul 2012

In my rural community, real estate companies are turning to property management. First they raise the rent to accomodate their monthly fees. They all have the same requirements - rent can be no more than 1/3 of the renter's income. To rent a one bed or studio moldy dump for $800, one must have an income of 2,400. This is a low wage area. Low income housing has been built to house the service workers. Nuts.

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Highlight:

Rising Rents in a Housing Price Depression [View all] cthulu2016 Jul 2012 OP

Another bubble KT2000 Jul 2012 #1

Kicked and recommended. Uncle Joe Jul 2012 #2

Kick em when they're down. God bless America. L0oniX Jul 2012 #3

Yep, it's American Exceptionalism. It's exceptional all right. Screw everyone RKP5637 Jul 2012 #4

. cthulu2016 Jul 2012 #5

If you're a landlord you have to pay ridiculous property taxes. Manifestor_of_Light Jul 2012 #6

Good info, really bad analysis. n/t Egalitarian Thug Jul 2012 #7