[lbo-talk] more on house prices

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Wed Aug 22 06:43:30 PDT 2007



> $5K a year in maintenance sounds right ...

Whatever, but if you have a certain dollar amount of regular maintenance on your house, you'd add $500/mo to the rent if you rented it out. You can buy a house that needs lots of maintenance, and it's going to be cheaper than an equivalent house that doesn't, it'll all wash out in the end.

And: it's all way beyond the point.

Doug and Joanna each live in rent-controlled apartments and love it. Great for them! I would encourage everyone to find ways to live in one of the few places in the US that have rent-control (hey, no one has piped up from Santa Monica; here's your chance, lucky renter!) and simply opt out of the market system and get a great deal for yourselves. Then when you've got your sweet setup, please tell everyone else who doesn't have access to a similar deal that we're all crazy and stupid. Be sure to make it sound like you've generalized your success to the non-rent-controlled unresponsive asshole landlord that is the norm.

That's a sure way to make a point here on the intarwebz. Mission accomplished!

/jordan



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