Message:

<p>[QUOTE=&quot;gmarguli, post: 5412727, member: 246&quot;]Based on your average quoted rent, I&#039;m going to assume that you&#039;re probably in LA/SF/NYC. </p><p><br /></p><p>I can assure you, if you were a landlord you&#039;d be raising the rent as much as possible in these cities also. I own a few rental properties in LA and what most people, especially renters, don&#039;t understand is that these rentals are usually cash flow <i><b>negative </b></i>for many years. </p><p><br /></p><p>That greedy landlord that is charging $2K a month for the one bedroom probably has to pay a few hundred dollars every month out of their pocket just to own the place. They need to squeeze every penny out they can so they don&#039;t have to keep paying money out of their pocket. </p><p><br /></p><p>In high priced cities the landlord generally makes money through property value appreciation. Therefore, they are locked into paying money out of their pocket every month for many years, hoping that the value of the property rises enough to offset these losses and provide a decent return many years in the future.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in