Letters to the Editor
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Renting Sucks
I live in the Denver area and you basically can't find a house out here for under $200,000.
You can find a couple -- but those properties don't have plumbing!
So I'm a renter. How much does my piece of shit 2 bedroom house with no air conditioning cost per month?
$1200!
And out here that's considered a freaking bargin!
What the hell is going on in America?
The housing market needs a major, major correction -- houses in America in general are over valued by about 50 percent! All those damn home improvement shows have convinced people that if they add $1,000 worht of new cabinets that entitles them to add another $50,000 to the re-sale value. Get 50 million people doing it and suddenly the new price becomes the market standard. It's not worth that, but it becomes that way because so many people are doing it.
Our parents bought brand new houses for $73,000!
Now? You can't find a peice of crap for under $200,000 -- and what's even worse is that almost no one (homebuyers, that is) seems to really find that price unusual.
Used to be in America if you couldn't afford a house you could rent -- but the rents are skyrocketing wildly out of control too. My current landlord just raised my rent by $150!!! Um, for what? Did he add a pool? Actually add air conditioning? Improve the propery in any way, shape or form?
Nope. Greedy son of bitch simply said he noticed other rental properties going for more and "realized" he was offering his house for less than he thought he could get.
The other crappy rentals on my crappy street we going for more -- so he jacked up the price because, hey, what ya gonna do? Move? Move where? Since EVERYONE is jacking up their prices you can't go somewhere cheaper because all the greedy bastards are doing it.
20 year old houses with no air conditioning and foundation problems (and a 20 min drive to the nearest supermarket) should be selling for $73,000 -- NOT $250,000!