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  1. #23926
    Join Date
    Apr 2006
    Location
    SF & the Ho
    Posts
    9,299
    You have the right team, wrong player

  2. #23927
    Join Date
    Jun 2020
    Location
    in a freezer in Italy
    Posts
    7,183
    out with it

  3. #23928
    Join Date
    Oct 2007
    Posts
    12,609

  4. #23929
    Join Date
    Jan 2008
    Posts
    10,103
    Those guys must have been swimming in pussy with a sweet pad like that

  5. #23930
    Join Date
    Mar 2006
    Location
    Beaverton, OR
    Posts
    1,337
    Graph:

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  6. #23931
    Join Date
    Sep 2009
    Posts
    2,036
    Quote Originally Posted by sirbumpsalot View Post
    Graph:

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    Buy and hold, if you can. Lack of inventory will insulate the housing market from a deep crash in anywhere mildly desirable. Millenials and GenZ fucked over once again.

  7. #23932
    Join Date
    Apr 2012
    Location
    ¯\_(ツ)_/¯
    Posts
    11,701
    Quote Originally Posted by Percy Rideout View Post
    Buy and hold, if you can. Lack of inventory will insulate the housing market from a deep crash in anywhere mildly desirable. Millenials and GenZ fucked over once again.
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  8. #23933
    Join Date
    Jan 2010
    Location
    your vacation
    Posts
    4,718
    ain't going to happen
    everyone gets bailed out and the national debt goes to 41 trillion in a week
    boomers are dying so what do they care they just want to keep milking society for the sake of owning a tesla and saying they care

    mitchy McConnel tripped over his shoe laces until we get rid of these 80 year olds running the country this is what we get

  9. #23934
    Join Date
    Dec 2010
    Location
    Last Best City in the Last Best Place
    Posts
    7,272
    My dad has a twin home in Maricopa, AZ that he has had on the market for several months with almost no action. Realtor says the market there is just dead.

  10. #23935
    Join Date
    Sep 2006
    Posts
    8,246
    Quote Originally Posted by liv2ski View Post
    Was thinking about the S&L crisis way back in the day. If banks start failing, that could be the beginning of a crash in RE values also if history repeats.
    Bank stocks getting taken for another wild ride today. And not just here in America. Is this where we get the all is good messaging from the Feds and nothing to worry about?
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  11. #23936
    Join Date
    Jan 2010
    Location
    your vacation
    Posts
    4,718
    a client said he would be unavailable all this week last saturday
    he's the big wig and a big bank
    and guess what he hasn't answered any texts or emails this week

  12. #23937
    Join Date
    Dec 2010
    Posts
    3,896
    3 houses just went up for sale last weekend on my neighborhood dog-walk loop in the Seattle suburbs. 2 of them are right next door to each other. All listed for way more than they should be worth.

  13. #23938
    Join Date
    Sep 2005
    Location
    Not in the PRB
    Posts
    32,785
    Quote Originally Posted by Toadman View Post
    Bank stocks getting taken for another wild ride today. And not just here in America. Is this where we get the all is good messaging from the Feds and nothing to worry about?
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

  14. #23939
    Join Date
    Oct 2003
    Location
    9,300ft
    Posts
    21,938
    Holy fucking shit! Have you seen this "Just Cause Eviction Bill" in CO?

    https://kdvr.com/news/local/just-cau...olorado-house/

    Basically says that once you sign a lease with a tenant, the only way to get rid of them (unless they straight up violate the lease) is to sell or do a major remodel, and then you have to give them 2 months rent assistance to get them out.

    You can't simply say "hey I'm not renewing your lease at the end." You have to let them stay.

    I'm not a landlord, but I would NEVER rent long term ever with a law like that in place.
    Quote Originally Posted by blurred
    skiing is hiking all day so that you can ski on shitty gear for 5 minutes.

  15. #23940
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    19,069
    CA is pretty close to that. These new laws are making owning a rental a lot less desirable for sure. Downside for tenants, is the screening process to rent a place from me got way tougher.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  16. #23941
    Join Date
    Mar 2006
    Location
    Beaverton, OR
    Posts
    1,337
    Quote Originally Posted by summit View Post
    Holy fucking shit! Have you seen this "Just Cause Eviction Bill" in CO?

    https://kdvr.com/news/local/just-cau...olorado-house/

    Basically says that once you sign a lease with a tenant, the only way to get rid of them (unless they straight up violate the lease) is to sell or do a major remodel, and then you have to give them 2 months rent assistance to get them out.

    You can't simply say "hey I'm not renewing your lease at the end." You have to let them stay.

    I'm not a landlord, but I would NEVER rent long term ever with a law like that in place.
    You think thats awesome? Portland wants a cap gains tax on everyone in the county to pay a bunch of lawyers $4000 to defend against each eviction. And the cap gains rate is variable from year to year so good luck planning:

    https://www.wweek.com/news/2023/03/1...uncertain-net/

    I think its awesome. But then again I don't live in Portland but thats beside the point right?

  17. #23942
    Join Date
    Nov 2005
    Location
    Down In A Hole, Up in the Sky
    Posts
    35,361
    I would start requiring two months and security, and use that for those last two months.
    Forum Cross Pollinator, gratuitously strident

  18. #23943
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    19,069
    Quote Originally Posted by rideit View Post
    I would start requiring two months and security, and use that for those last two months.
    Doesn't work that way.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  19. #23944
    Join Date
    Mar 2017
    Location
    Missoula DMV
    Posts
    1,527
    One anecdote I can offer is that we just secured a rental in Lacey, WA and much like with renting here in MT there is a hefty screening process involved.

    Lots of opportunities for a landlord (or in this case a property management company) to deny an applicant before they ever snag the place, and if we didn't have a crystal-clear-perfect record to show I'm sure there would be a lot of hassle trying to secure a place.

    We'll see how things develop around Oly through the rest of '23, but we are certainly rooting for any kind of slowdown in the housing market here.

  20. #23945
    Join Date
    Sep 2005
    Location
    Not in the PRB
    Posts
    32,785
    That bill is ridiculous. I'm all for robust tenant protections, but you shouldn't be forced to renew someone's lease. What's the point of a lease length if a landlord has to renew forever?
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

  21. #23946
    Join Date
    Oct 2005
    Location
    Tahoe-ish
    Posts
    3,141
    Yeah that bill is BS. I hear stories from CA as well and am sure glad to be in NV with my little rental. I'm not sure it would even be worth it to rent if i couldn't get people out of MY PROPERTY when their lease was up. WTF?
    ride bikes, climb, ski, travel, cook, work to fund former, repeat.

  22. #23947
    Join Date
    Mar 2005
    Location
    Colorado
    Posts
    2,789
    Pertaining to Colorado, can't you just raise the rent if no controls in place, cite 'market rate' and inflation like they all do when it comes time to renew the lease? Seems to me that would flush out a tenant that you want to leave, no? Or does the bill actually state that you can't raise the rent?

  23. #23948
    Join Date
    Sep 2005
    Location
    Not in the PRB
    Posts
    32,785
    Quote Originally Posted by Jax View Post
    Pertaining to Colorado, can't you just raise the rent if no controls in place, cite 'market rate' and inflation like they all do when it comes time to renew the lease? Seems to me that would flush out a tenant that you want to leave, no? Or does the bill actually state that you can't raise the rent?
    I haven't read the bill, but the article says this:
    The bill only allows an eviction if a tenant:
    [snip] refuses to sign a new rental agreement with terms that are basically identical to the current one.
    And I can't imagine that they would make it so difficult to evict but allow a giant loophole of doubling the rent on the existing tenants, getting them to move out, then advertising for the original rent or similar.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

  24. #23949
    Join Date
    Oct 2003
    Location
    slc
    Posts
    17,891
    This sounds like de facto rent control.

  25. #23950
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    19,069
    Quote Originally Posted by Danno View Post
    That bill is ridiculous. I'm all for robust tenant protections, but you shouldn't be forced to renew someone's lease. What's the point of a lease length if a landlord has to renew forever?
    Our plan in the next 3 years (after pups over the rainbow bridge) was to also rent out our home for 2 years, to go live in Yurp. That plan is in jeopardy if I can't give notice to move back in.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

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