01-19-2009, 03:24 AM
Since someone finally mentioned the issue witht the price run ups and rentals - here's something to think about - in 2003-05, rental prices in HPP, etc - even Ainaloa and Hi Acres, went through the roof so to speak. These were not the spec houses yet. Most of these were houses that had been around 5-25 years ago or more - nothing changed about the house itself - except an influx of population that was willing to pay an inflated price just to get a rental since rentals were scarce because of the incredible influx of population. These same houses plus all the new spec houses are now dropping back in price to 2001-02 pricing.
Who spoke for the renters when this happened? No one. A friend rented a HPP house - in good condition - for $850 in 2003. The landlord raised the price $50-75 every year since. In late 2008, my friend found a larger, better house for $1000 -- and the original landlord is crying oh poor me.
I truly understand exceptions to this foreclosure problem - illness, death of a spouse or partner, loss of income - but for those who are pointing fingers at real estate agents, or bankers... the rest point back at yourself. The housing market became a frenzied place to be - and as the frenzied place started to collapse - every one wants to blame, and not take personal responsibility. So now the government has to step in like a parent with a college kid who goes over budget and rescue them? All I can say is I guess we are lucky we live somewhere that this rescue is available. But how many times do you rescue your over budget college students? At what point do we let people, and also corporations - sink or swim?
I once stupidly traded my car at the dealership for something on the lot. Dumb. Dumb. Dumb. Whose fault was it that I got too low a price on my trade in and paid too high a price for the dealer car? No one but my self and for awhile every time I thought of it I wanted to blame the sales person for being too slick. It wasn't the sales person's just because he is trained to talk me into something, or my bank because they financed it. The fault was mine. I still live in America where I have a free choice to decide.
I believe that we really live in a society that truly believes it is our right to have everything we want, rather than our right to work hard to have everything we want. There is a difference.
Who spoke for the renters when this happened? No one. A friend rented a HPP house - in good condition - for $850 in 2003. The landlord raised the price $50-75 every year since. In late 2008, my friend found a larger, better house for $1000 -- and the original landlord is crying oh poor me.
I truly understand exceptions to this foreclosure problem - illness, death of a spouse or partner, loss of income - but for those who are pointing fingers at real estate agents, or bankers... the rest point back at yourself. The housing market became a frenzied place to be - and as the frenzied place started to collapse - every one wants to blame, and not take personal responsibility. So now the government has to step in like a parent with a college kid who goes over budget and rescue them? All I can say is I guess we are lucky we live somewhere that this rescue is available. But how many times do you rescue your over budget college students? At what point do we let people, and also corporations - sink or swim?
I once stupidly traded my car at the dealership for something on the lot. Dumb. Dumb. Dumb. Whose fault was it that I got too low a price on my trade in and paid too high a price for the dealer car? No one but my self and for awhile every time I thought of it I wanted to blame the sales person for being too slick. It wasn't the sales person's just because he is trained to talk me into something, or my bank because they financed it. The fault was mine. I still live in America where I have a free choice to decide.
I believe that we really live in a society that truly believes it is our right to have everything we want, rather than our right to work hard to have everything we want. There is a difference.
"I have never in my life learned anything from any man who agreed with me."
-Dudley Field Malone
-Dudley Field Malone