Gentrification is so foul. Man gets his rent increased from 1200 a month to 2750 a month.

[You Win Perfect]

yeah cause its a 20-25 year commitment if u not working a career type job u dont know if u gonna be able to keep up with payments

very true

 

[You Win Perfect]

This is true, unfortunately.
Shorter mortgages cost more money and are more out of reach for those who are lower income.

You can just take out longer mortgage and make extra principle payments to shorten the loan.
the problem is EITHER WAY you need a career position and stable employment for 15-20 years at least.

 

[CoryMack]

Gentrification is one of the biggest and most talked about issues consistently across academia, mainstream media, and political fora.

I disagree. Don't ever hear anyone talking about it during election time, and that's when most Blacks get political if we're being honest. And a few professors having a comfortable little debate in academia isn't anything more than an exercise in futility.

 

[UberEatsDriver]

Somewhere nice & warm I'm just so tired of this damned country...

Costa Rica And Panama sound nice.

 

[Reece]

Y’all nikkas better figure out how to own some shyt soon because shyt is about to get very real in the coming decades.

 

[Perfectson]

The repairs weren't necessary, he was funneling money from his father's accounts, marking up product he already owned, sometimes double, then earmarking even more funds to cover the costs of labor and materials that he'd already inflated for the unnecessary repairs. He pocketed the cash smoothly, and then raised the rent prices off of repairs that didn't cost him any money (economically).

Maybe you have a link that it explains it better but if invested in the property increasing rent is not unfair. If he's doing something shady then it's something else all together...which I believe he was fined for if memory serves well

 

[Skooby]

Y’all nikkas better figure out how to own some shyt soon because shyt is about to get very real in the coming decades.

If you live in a high cost of living area, people might come out better renting for the long term.

I'm considering it...given my age. I might rent until my work career is over then relocate and buy a small home with cash in retirement.

 

[Formerly Black Trash]

Y’all nikkas better figure out how to own some shyt soon because shyt is about to get very real in the coming decades.

I see it coming

 

[Formerly Black Trash]

Maybe you have a link that it explains it better but if invested in the property increasing rent is not unfair. If he's doing something shady then it's something else all together...which I believe he was fined for if memory serves well

Bruh it’s Trump
Of course he was doing something shady
I don’t even need to see no links...that nikka did that shyt

 

[EndDomination]

Maybe you have a link that it explains it better but if invested in the property increasing rent is not unfair. If he's doing something shady then it's something else all together...which I believe he was fined for if memory serves well

As the Trumps Dodged Taxes, Their Tenants Paid a Price

 

[EndDomination]

I disagree. Don't ever hear anyone talking about it during election time, and that's when most Blacks get political if we're being honest. And a few professors having a comfortable little debate in academia isn't anything more than an exercise in futility.

I see it every time I open up the NYTimes or the LATimes or the New Republic or the Atlantic.
All the time on MSNBC or CNN, always a part of political-comedy episodes.

 

[Vandelay]

How much equity so far? If the property taxes are going up the house value is also going up at a comparable rate.

It's worth more, but what if I don't want to sell? I can afford the increase, but what about others?

 

[CoryMack]

I see it every time I open up the NYTimes or the LATimes or the New Republic or the Atlantic.
All the time on MSNBC or CNN, always a part of political-comedy episodes.

Ok you're reading the big papers on the coasts, I can see that. I'm in Texas and it's not talked about here.

 

[ORDER_66]

Costa Rica And Panama sound nice.

I also was looking at the british virgin islands... Cayman islands... places where you own property with no property taxes clean and clear there are a few places like that where you own the patch of land it's yours forever and you pay nothing on it... You might get taxed more for being a resident but your house is yours...

 

[TrebleMan]

That's the business.

However, plenty of people who own houses in Inglewood are going to x4-x10 their value.

I talked to a breh who's grandma lives there and a company already offered to buy her house for x3 it's value but she turned them down.





Also like another another breh said, there was a vote a couple months back for it in the balot. If you didn't vote and are complaining here, well I don't know what to say.

This is what it literally what the ballot text said (Prop 10):

Repeals state law that currently restricts the scope of rent-control policies that cities and other local jurisdictions may impose on residential property. Fiscal Impact: Potential net reduction in state and local revenues of tens of millions of dollars per year in the long term. Depending on actions by local communities, revenue losses could be less or considerably more.

Right there on the official site, the very first few sentences:
Proposition 10 Arguments and Rebuttals | Official Voter Information Guide | California Secretary of State

Voting YES on Proposition 10 will free our local communities to decide what rent control protections are needed, if any, to tackle the housing crisis. Prop. TEN protects TENants.

Too many families spend over half their income on housing. That's simply unacceptable. Living paycheck to paycheck means it's difficult for these families to make ends meet, much less save for an emergency.