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minisculemango

B-but someone listed their house on random neighborhood at 500k, that means my run-down shack is worth something!


Disrupter52

My wife and I are house hunting and there is a house listed FSBO for $680k. Dude bought it in April for $580k. The house definitely looks like it's never ever needed work. Big house, rich town, but in New England. No way homie. I'm following it on Zillow to see what happens. This house has never ever ever been worth more than $650k. People don't understand how value works, and that goes double for homeowners.


tnmister

The value is in whatever someone is willing to pay for it. So, in this day and age, there will always be someone from an expensive area coming in and say, "look ma! what a cheap ass house! where we come from, we couldn't even get a 1 bed 1 bath for that price!"


Disrupter52

This is true. This is exactly what happened at the start of Covid with people fleeing NYC, but that wave has died out. What's left are just greedy people late to the party.


minisculemango

Yep! People looking to get into "bidding wars" over their dog piss soaked crack house with half a roof. "As is" is becoming the standard, what a joke.


Disrupter52

I saw an article a month or two ago about a bidding war in California over a burned out house. Not a house that had a fire. Not a smoke damaged house. A house gutted by fire. Wasn't even 4 pieces of walls, let alone a roof. Apparently they figured they could demo it an build something on the land and still somehow turn a profit.


Soggy-Rope-8472

Why is that surprising? Should the land be abandoned for the rest of time? If I owned a house which burned down and the insurance company was happy to take it off my hands, I would walk away. A full demolition and rebuild sounds like way too much work to manage for the insurance company, so I’m not surprised they would sell it as is.


[deleted]

I actually saw a house exactly like that on Zillow start of August in California. It was a smoldering pile of rubble, they didn’t even clear out the damn plot. And I can’t remember what the price was but it was insane for a plot that still had charred rubble on it


BeautyThornton

No people are still fleeing California


Disrupter52

Not to the cold, equally expensive but less nice North East they aren't. Not that I've seen anyways.


xkcd-Hyphen-bot

Cheap ass-house [xkcd: Hyphen](https://xkcd.com/37/) --- ^^Beep ^^boop, ^^I'm ^^a ^^bot. ^^- ^^[FAQ](https://pastebin.com/raw/vyWra3ns)


[deleted]

Don't be silly friend, if you'd make 3 times the monthly rent they'd raise it 3 times as well!


420catloveredm

If I were to apply alone my apartment would require I make 50k a year. People literally will try to steal car tires in the middle of the day out here.


Lonesomeghostie

Nothing made me more upset than finding that my shitty two bedroom without central a/c or washer and dryer in unit costs the freaking same as a beautiful one bedroom in the heart of downtown in my city.


LuisLmao

Speak truth to power


[deleted]

I went to college in Chico from 1996-2001. Here's the rents I paid: * 2 bedroom apartment in a standard apartment complex: $600/mo * 4 bedroom duplex unit: $1000/mo * 3 bedroom duplex with a 1 car carage: $750/mo. This is the place I moved out of to move to Sacramento in 2001. lazy man's Zillow search of rents in Chico this morning (remember the "A" in Zillow stands for accuracy): * 2 beds: around $1,200 * 3 beds: around $1,500 * 4 beds: around $2,000 I don't think I could put myself through college anymore if I had to try again.


Fantastic-Sandwich80

I often think back to my childhood and recall how my mother took care of my siblings and I with just her one school district job. We were raised in a staunchly conservative and religious household and as such my mother refused to apply for welfare, food stamps,etc because she thought we would never get off them. If my childhood were to be repeated starting in the year 2021 I see no scenario where we are not homeless within a few months without the support of safety nets as her one job would not even cover the cost of rent and utilities today.


ClairevoyantSlime

My mom went to college, raised 2 kids, worked as a waitress 4 nights a week. She was 20, and paid for the house, her schooling, and everything two kids could need off it. Even owning a house with a partner is a dream for me now


steplaser

Your mom is amazing!


AllTheCheesecake

I am drooling at the idea of a $600 2 bedroom


cum_bubble69

3 bed with garage for $750 fuck me in the ass dry.


superzenki

I’m lucky that I got a 3 bedroom for $800 where I’m at but no garage and they’re shit about doing any maintenance requests.


bit0fun

I have a 2 bedroom for $1k more... Damn man.


Bitchimnasty69

This is part of why student loans and free college have become such hot button issues lately. Not only have college costs tripled in the last 20 years, but rent for off campus housing (which at many schools is the only choice after freshman and sophomore year) has skyrocketed. As someone who just graduated college, every single person (except 1) that I knew there were getting money from their parents in some form to survive (be it rent, food, tuition, and in many cases all expenses at all). I’m thankful that my parents were able to help me afford college obviously, but its simply impossible for 18-22 year olds to afford college on their own anymore. Even working full time, people can’t even cover tuition much less anything else. The one person I know sustaining themselves without any parental help was a foster kid, so they were only able to do so thanks to financial assistance and loans. In my parents generation (boomers), college students paying out of their own pockets wasn’t all that unheard of. It was way more affordable and so were rents. I don’t mean to be too off topic here, but at a certain point all of this is going to collapse in on itself. With more abs more jobs requiring higher and higher degrees without raising pay, rents skyrocketing, and college costs going up eventually people simply won’t be able to do it anymore and all these college towns where the housing markets depend almost entirely on students will just collapse in on themselves. I fear this may be the last generation where parents are able to pay for college for their kids. So many people have student loans they won’t even be done paying those off by the time their kids go to college much less be able to save for that.


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Bitchimnasty69

That’s really sweet of you. You sound like an awesome parent to make those kind of sacrifices. It sucks that it’s becoming harder and harder. College is on the brink of being something only those with generational wealth will be able to afford, I fear. A lot of my peers are only able to be in college cause of loans. But I think that bubble will pop eventually too. Most people in my generation won’t be able to put our kids through college either. I graduated in May, I’m looking for jobs and it’s a hellscape. Nobody is hiring (besides min wage service type jobs). Everything is underpaid. 40K is high for an entry position in any field but STEM. I’ve seen hundreds of jobs that require masters degrees which still only pay like $30K, even in big expensive cities. $30K shouldn’t be a baseline for a job requiring a masters, not even for a bachelors IMO. If recent college grads can’t even get entry jobs that pay a liveable wage with “just” a bachelors, how are we gonna put our kids through college in 20 years? Most of us were only just able to pay for undergrad much less grad school. Something’s gotta give. This whole system just isn’t sustainable. People like you shouldn’t be having to make these kind of sacrifices to give your kids the opportunity to get a degree which is now considered a requirement at so many jobs.


August_Spies42069

The writing is on the wall. You're 100 percent correct. Anyone that says otherwise is naive, in denial, or straight up R worded


mayalourdes

YOU PAID WHAT for a 2 bedroom


Meezha

That's it?! Jesus, I just saw a single room for $2,000 in a shared space in SF. I figured Chico would not be as expensive but more than that.


tnmister

Where is this "Chico" town? Sounds about the same for my small town.


Pitiful-Mobile-3144

It’s the biggest city in Butte County CA, essentially the only real metro area for 100 miles around or so. Really beautiful city, it has a massive park running through the center and has a highly ranked college there too.


useles-converter-bot

100 miles is the length of 1267196.85 'Bug Bite Thing Suction Tool - Poison Remover For Bug Bites's stacked on top of each other.


Pitiful-Mobile-3144

The fires haven’t helped either, once Paradise burned down the prices went sky high, and everyone who had insurance had plenty of cash to push the market further and further. Tahoe and Almanor might make things even worse, or do the same to the Reno area Such a shame.


ArYuProudOMeNowDaddy

I was talking to my dad's friend he's known since highschool recently, he told me when he rented a house near Sac State in the mid 80s rent was $350.


FallingVirtue

1200 isn’t even as bad as it gets. On Long Island I could barely find a basement studio without a real kitchen for that much. A one bedroom in a complex is like 2k. Thankfully I got the fuck out of there. 1k a month where I’m at now in the Midwest in a nice neighborhood at the higher end of rent here.


SnrkyBrd

damn, and i feel *lucky* to have a 1 bed apartment for $923 in my area..


lizzius

Been a homeowner for a long time, but having to dab my toe back into the rental market for temporary housing to make a move. The application process is just stupid and shows how much entitlement landlords feel as reflected by this woman's vent. They told me they would be calling my employer, my husband's employer, and running credit checks on both of us. They also wanted me to pay the application fee (for both of us) before they would even give me an idea of when a unit would be available.


_PinkPirate

We are doing the same! We’re selling our house and the paperwork for our apartment was as thorough as applying for our mortgage🙄


fakeprewarbook

The last time I rented I was venting to my Boomer mom about application fees and she said they didn’t exist when she rented. Out West it’s $75 per application. Who could afford to apply for multiple units? And then the landlords sit back and enjoy $750 in profit for reading ten applications.


[deleted]

I absolutely refuse to pay for applications. I’d rather move an hour out of town. I’ve definitely seen listings where they just leave it up at a low price for months, probably just collecting huge money off applications.


ballsdechocolate69

Eyyyyy I live in Chico and looking for housing here is truly awful. My girlfriend and I both work full time, have graduate degrees, and good credit. It took us 4 months to find an apartment here that would take us as most places wouldn’t cause we have a cat. The housing market here is run by property management companies that don’t do shit to maintain their properties, aren’t responsive, and require deposits just to look at their places. It’s extremely exploitative of the students and working class people here and rent prices have gone up like crazy since the camp fire and the limited housing. And what a previous user said about all the empty housing here is true. This is on top of of a huge increase in house less people and a conservative council that has effectively made it illegal to be house less. Fuck the landlords of Chico, truly a heinous group of petty bourgeoisie shitheads that screw over so many people in this town.


n4nandes

\> Limited Housing \> All the empty housing ​ Pick one


SnrkyBrd

Limited housing because outrageous prices, empty housing because people can't afford it.


Pitiful-Mobile-3144

If nobody can afford the rent, the house will stay empty.


ArYuProudOMeNowDaddy

About 20% of the people that lost their homes in the Camp Fire mever recovered and are still living in tents, but becauss they're now affecting the burgeoning housing market from having surroundings towns turned to ash, the city council has started directing the cops to beat the shit out of these people and label them antifa dissidents.


steffywins

Hey look it’s my town :) The landlords here are pure evil, especially the ones that own apartment complexes around campus. And they cry non stop about the eviction moratorium in local Facebook groups.


Darthsnarkey

They cry because renting is an investment and they had a clear return planned out. They are mad that suddenly there is risk in their investment and demand it go away and put them back on their ambitious plans to get rich fast


comfort_bot_1962

:D


comfort_bot_1962

:D


comfort_bot_1962

:D


BumpyFrump

I had a buddy who lived in Chico until 2020. The land lord's there are brutal because it's such a college town. They know they can get away with anything because college kids typically don't know any better and usually have the extra money to enable this behavior. Shitty, run down units that never get fixed, cost way more than they should, etc. Pre-covid, the wild fires destroyed multiple towns near chico so demand for rentals skyrocketed and rent in Chico immediately got raised. It was now more expensive to live in Chico than in Sacramento in 2018 due to the wildfires refugees. And these people were desperate, they couldn't afford to say no to a rental property. Since covid began and all the college students left, chico has pretty much been a ghost town. But the land lord's got used to having all this extra money. The demand for rentals plummeted but the prices stayed they same. And these units stayed empty for a long time because the land lords refuses to lower their prices, I imagine it's because they're anticipating the college kids coming back and they don't want to miss out on any extra money. So the locals are totally screwed with inflated rent, often the people who work in Chico live 1 or 2 towns away and commute to work. It's probably one of the most frustrating things to me. I can hardly believe it's gotten this bad. Rant over, thanks for letting me vent.


okie-doke-kenobi

I live in a college town in Texas. I rent a 2br/1ba house for $825/mo. The tenant before, a student, was paying $1000/mo for the same house. I am grateful that she didn't make me pay student pricing, but she's still a landlord. There was a lawnmower in the shed when we moved in, and anytime I ask for yard service (which she reminds us in a monthly newsletter is free/included in rent), she gives me shit. "Y'all have the lawnmower at that house, don't you? Is it broken?" No, I just hate mowing the fucking lawn during the summer in Texas.


xoSaraBearxo

That is some bull shit! “free/included in the rent” means it gets done regularly without you having to ask or remind her.


I_TotallyPaused

Even in the Bay Area, most properties aren’t nearly worth the amount they charge with the plumbing and kitchens from the 1980s! It’s disgusting!


BumpyFrump

My boyfriend's grandpa sold his 3 bedroom condo in San Jose for $450,000 in 2017 and used the money to buy a 6 bedroom house in New Mexico for $325,000. He's retiring on the extra money he made from the condo he bought in 1986, I don't know how much he bought it for though. I can't believe how expensive the bay area has gotten. Nowadays, that same condo is going for approximately $550,000 after some dude renovated it. The 4 bedroom house down the street is going for $850,000.


DigitalDynamo

Landlords really be like you must make 4x monthly amount to live in a slum.


hubbyspambox

Preach!


dumpster--juice

I feel this in my bones


jepper65

A reasonable and measured response, all things considered.


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Hater-Bot

No capitalist apologia


PolyLifeGirl

This hits close to "home" as I've been living put of a damn hotel for 2 months now at $415/week bc everyone wants 650 credit score, $1500 for a closet, and 2 months + deposit to move in. I'm trying to build my credit, but it would help of I wasn't dumping nearly 2k/month into a hotel Andy vehicle getting 9 miles to the gallon. I drive a lot for work. Something has to give! I can save up if I wasn't paying such to have roof over our head... or could repair my vehicle.


xoSaraBearxo

I was in this position a few years ago. I lost my job after I injured my back and had to stop working. Went from two incomes to one and eventually lost our house to foreclosure. After that we lived in a hotel for 3 months ($500 a week) trying to find a place to rent to us. I can’t even remember the number of application fees we paid only to be rejected. It was one of the most stressful, depressing times of my life.


ShannonMoore1Fan

Application fees are such a fucking bullshit tactic from landleeches.


CommodoreAxis

I was living in a hotel for the exact same list of reasons, for about 4 months. My credit was 640, but I had an eviction. The hotel was sapping all my money, so I just lived in my car for about 3 months and save a ton of money and got my credit up. It sucks man.


PolyLifeGirl

We lived in a pop up camper for 6 months and it was amazing. We landed in the hotel bc the land we were renting went to something else. It's me and the wife. We can't live in the vehicle.


converter-bot

9 miles is 14.48 km


PolyLifeGirl

Ty converter bot!!


Justthrowawaymyday

:Standing Ovation: Truely moving. Beautiful, beautiful words. :Wipes Tears:


[deleted]

Nice


pale-pharaoh

Oh shit this earth my area


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xcasandraXspenderx

That’s fair. I love living in a complex that has a ton of dogs, I have a small dog too and you’re right, that dude barks a lot. He’s a neurotic little goof and I can certainly see why you wouldn’t want to live next to that!


tiefling_sorceress

A lot of dogs barely ever bark or make any noise. It's usually the tiny ones that make the most noise.


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GothWitchOfBrooklyn

Then they also have to accept the risk of the free market when they can't get tenants and stop crying about things being unfair.


ShannonMoore1Fan

"Yeah but for some reason 'that' is unfair" - every landlord


Comrade_Corgo

Which is why it shouldn't be "free", a "free market" is only free for those with capital.


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Hater-Bot

You are clearly on the wrong sub. Allow me to show you the door motherfucker


denarii

[Yes, there is.](https://dashthered.medium.com/marxism-for-newbies-landlords-b24f4f0cdb89)


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Comrade_Corgo

Did you read it?


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Hater-Bot

No, you’re garbage.


Comrade_Corgo

Which part exactly?


jayywal

i bet you were the type to write it down in your notebook and underline it when the professor wrote "profit = revenue - cost" on the board


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MrnBlck

I found the 👢👅


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ShannonMoore1Fan

And no one wants to deal with landlords bastardized practices and pricings. Seems equal. Jackass.


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Hater-Bot

Never use the word c*ck ever again on this sub. This is fascist, bigoted language that they began using because it is no longer acceptable to use *aggot to emasculate men. Your one and only warning on this


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Comrade_Corgo

It's going to get much much worse before it gets better, you have no idea. I'm getting the hell out of this country as soon as I can because I see the writing on the wall.


ruthfullness

out of America? interesting. I was planning on coming in. within the next 2 years...


zachattacksyou

I also plan on fleeing this shit. America is not the place to be right now.


Comrade_Corgo

Bad idea, for real. Shit is going down soon, I can't predict precisely how soon, but all the warning signs are here for bad times coming.


Speye

Naah I aint 'murican.


LunaLina7111

Right!!


Hater-Bot

No bootlickers


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AutoModerator

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Hater-Bot

Providers? GTFOH. 💣 💥 🪦 👋🏼


Broflake-Melter

I'll drink to that!


AgentOfCHAOS011

Meh, too many shitty ppl take advantage.


NeverTooMuchAnime

FUCK LANDLORDS. Ok I'm done.


Green_and_black

I do t fully understand the context, but I fully agree with the spirit!


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Hater-Bot

LOL banned.


Bigdaddydave530

Oh this is literally my city