Moderators please leave my thread in regional.. I'd appreciate that you would.

Ok as many of you peeps in Alberta know that rent has sky rocketed to crazy prices I just wanted to share my thoughts and grievances to those that do gauge their renters also and I now have a mother and sister that are facing homelessness because of this greed that propels this province!!

Were the **** do these landlords get off raising rent as high as $1000 on top of the regular price get off? Are you people soooooo fucky greedy and cruel that you would put family's out on the street. Yes there are some ******* tenents that do alot of damage, skip out on rent yada yada yada. Would you put your mothers out on the street cause you want some money for your toys etc?

Yes I know the economy is very very good right now and yes its damn expensive to live in Alberta, but come on landlords be thankful for what you have and try to give back to those that don't have the oppurtunity to own thier own home but rent off of you.. They probably pay there rent, don't have the cops at thier doorstep every night for noise etc complaints.. If there good tenents leave them the alone.

My mother is now facing eviction due to her place being sold for $1.5M (its a 30 yr old 4 plex with garage) and the new owners are threatening to put the rent up to $1500 per month for all tenents regardless. (they were paying $800-$900 per month).. She and my sister are not rich and can't afford to pay such stupid rent hikes and I unfortunatly am not in a position to really help either as the place I rent with others is to small..

All I can say is to you mother landlords is you best be smart and watch wtf you do cause I'm sure there are some people with guns out there that would love to put you down for your greedy tendancies and ignorence..

 

suucks

 

All rent is going up due to the fact that the law is changing so that Landlords cannot raise it more than once a year, so yeah all the greedy ******* are sticking it to everyone.

 

Calgary sucks A$$ for renting, one story here was that one guy had his rent go from $800 to $1600. how the hell do people justify a change like that.

 

No doubt.

4 of my co-workers were forced to move, usually just somewhere like 1-2 blocks away because their rent was increased this year.

Thats ridiculous. And the economy isnt as growing as fast as the housing inflation.

I make decent money but i cant afford to live on my own

I dont want roommates, i dont like roommates, but im stuck with it.

 

I know how it is with rent, i am engaged and its hard to find a place for me and my fiance. she is a hair stylist. and I make decent money, however rent is just getting rediculous around here in PA. you cannot find 1 bed room apt. for less that $750 around here. not even in the city, where its really crappy and buildings are 50 years old. its outrageous..

 

Whats even worse is that houses are so damn expensive right now that you can't afford to rent or buy.

 

The only house you can buy now and days, is a trailor for like 40K and the worst is, over 40 years that 40K is now 350K cause of interest. This is why the united states struggles to make ends meet, we have the biggest debt out of any country but are the most powerful? haha interesting. "The rich get richer, and the poor get FXed"

 

It's just wrong that the average house is going for almost 1/2 a million here.

 

I know, my parents are property owners. They tell me about the fluxuations in the city. They are not the greedy type though which is awesome. I currently live in one of the properties they own and the only increases i will see is in utilities, and at worst case scenario if interest rates go up.. but they are not raising the rent like 90% of the landlords out there.

 

No kidding man, and theres 40-50 year mortages? **** when i choose a house i better expect to die in it...

 

haha yea i know right.. you should watch the bombs you drop my man . but getting a house can be tricky, you gotta make sure this is the house u want for the rest of your life... shiesty

 

I don't know why banks are offering such long terms, if you buy a house when your 30 who wants to have it payed off when they are 80 it's insane. But then again if you are dumb enough to go for it then I guess that's why the banks are doing it.

 

you have to be one of the dumbest people on here... i wanna see you make that monthly mortgage payment on a $200,000 house in 5 years lol. good luck kid

 

WTF are you talking about.......who said anything about paying anything off in 5 years. Read what I posted before you comment.....now who is the dumb one.

 

haha i didnt say 5 years, im just saying think about it. if it was shorter terms you would be looking at like 5,000 a month. instead of 1,500 at 40 years

 

Um yeah you did say 5 years and of course your payments would be cheaper on a longer term mortgage, unless you are a complete idiot everyone know's that. We have never been offered 50 year mortgages up here before (this is a regional thread) so this is all new to us. Albertans used to acutally be able to afford living here but when the cost of houses sky rocket and our wages don't increase they are leaving us with little options. For example the average price of a house here 3 years ago was around the 180k range and now they are at the 475k range. The only option that the banks had in order to keep business coming to them was to offer the 40 and 50 year mortgages other wise no one would be buying a home.Remember we have never been offered 50yr mortgages here that's why I think it is insane.

 

^^^^ gotcha my appologies.. well this will really throw you for a loop. down here there is interest only mortgages lol. so as long as your house appreciates lol you dont have to pay . haha now imagine if for some reason 10 years down the road an eart quake happens lol. can you say bank will come looking for 100,000 cash lol

 

yeah things are a little different up here we don't have the only interest mortgages as far as I know but it does sound a little interesting. Up here if we buy a house we pay for the house itself plus the added interest. The crappy thing to is if someone buys a house now for 475k and the market drops down to say 350k than that person just got screwed big time because now they are paying 475k for a house that is only worth 350k and the scarier thing is I can see it happening to.... just look back to the 80's the same thing happened here.

 

You should complain to the Landlords, in person, with your mother and sister in tow.

It's so easy to write a note, leave a message, or say no over the phone. People are more easily persuaded when they have to look you in the eye.

 

just to play devils advocate....
why should renters have the same old cheap rent....when the places your staying in are now worth 500 grand, and the morgage payment alone would be double that amount?

Its an environment of economic explosion.

I feel no sympathy for people who had the same oppertunities i had a mere 2 years ago to puchase a house. but instead went for the renting option.

renting is pure stupidity unless its a very short term option to save for a deposit on a house....or in between moving.

Right now i pay $722 a month for my $120k Morgage, on a place that is right this minute worth a conservative $275k

 

Very true, but not everyone was in the financial position to purchase, some people just don't have the credit, or the money down for such a large purchase...

I thought I'd never say this, but Saskatchewan, is looking pretty good to ****** up some property there, economy is taking off, and housing is nowhere near as high as ours. I wouldn't mind buying some as an investment to sell a few years down the road.

We were fortunate to get in to the market last June at 209,000, brand new home... Unfortunately we still haven't moved in as the house is about a month away from being complete.

 

see you did the smart thing and now your sitting pretty with all that equity behind you and i totally agree with you about the renting part......it's a waste of time and money you mise well just throw your cash at the first bum you see and take his card board box because at least that card board box is payed for and you have something to show for it...well kind of anyways

 

I agree with the fact that not everyone can do it.
and those people I feel for.

But I also feel that people think morgages are only for 30 year olds.
they are not that hard to get. all you need is a past that isnt littered with unpaid bills, and a couple of years behind you at a stable job.

worst case scenario you might need a parent to help you cosign. but its not as difficult as people think.

 

dude I totally feel bad for your mom/sister. I rented for 2 1/2 years. It sucks to have to rent though, what is the real estate market there? (and to the guy in PA, have you looked into a real estate agent? they are no cost to the buyer and really help)
in the US its SUCH a buyers market. My bf and I are getting our first house, he's 25 I'm 21. Its a gorgeous rehabbed 5 Bedroom! Maybe this will lead your mom to finding something better. But I can't imagine that situation. My rent, right before i moved out, only went up $20. But that rent is what our mortgage payment is going to be!
and don't let the downpayment thing fool you. we are putting $0 down on our house and its fine. its not a big deal really.