September 3, 2013

Renters Ruin it for Rest of Real Realty Realm

Stay up late driving back and forth across the new Bay Bridge? Let’s ease you back into your workweek with some good old-fashioned rentard reaming and homedebtor hating.  Thanks very much to Burbed reader Petsmart Groomer for ensuring we didn’t miss this.

As Renters Move In, Some Homeowners Fret

130902-renters-2homesBy SHAILA DEWAN. The New York Times
Published: August 28, 2013

MEMPHIS — Beneath the spreading shade tree in Laura Holcomb’s front yard, there are some 70 varieties of hosta, stands of elephant ear and a Japanese maple. For the 17 years she has owned the brick house on Rose Trail Drive in the Hillshire subdivision, Ms. Holcomb has devoted herself to her home and garden.

Across the street, Carl Osborne and his family have been tenants for two years, moving in after the previous owner lost the house in a foreclosure. They are happy to have a decent place to call home but, like many renters, they have not done much to improve the appearance or join the community.

They are not alone: the family behind Ms. Holcomb, the one two doors down, and several in the cul-de-sac across the way are among the renters who have been supplanting homeowners in this blue-collar, suburban neighborhood as investors buy single-family homes and convert them to rentals.

“Used to, we knew our neighbors,” Ms. Holcomb said. Then she gestured toward the few remaining owner-occupied houses nearby. “Except for the two that have been here, I don’t know any of my neighbors.”

Yeah, because who wants to bother getting to know a bunch of renters? They dress different, they talk different, and they certainly do not devote themselves to their home and garden. Check out the photo above, proof that rentards leave boats on the lawn. With tarps. OLD tarps. Next thing you know they’re letting the grass die.

130902-renters-chartIf you live in an apartment complex, then everyone’s in the same boat on the front lawn… renting.  If you live in a condo or townhouse complex, you might have a mix with some units rented out and some filled with proud homeloaners.  And some single-family home neighborhoods are more renter-ful than others.  California always had more renters than most other states, mostly because our property is so expensive more people have to rent who would otherwise want to buy. It’s much more difficult to rent a single family home in other states. That is, it was more difficult until investors snapped up all the foreclosures.

130902-renters-lowlifesWhat kind of hood do you live in, and are you the typical resident or the oddball? That is, are you the lone renter in a block of SFHs, or the owner of the apartment building that you actually live in (along with those rentard lowlifes who are always late with the monthly nut)?

We’ll leave you with this thought from the piece:

Even conscientious landlords and tenants invest less in their property than owner-occupants, he said. “Who’s going to paint the outside of a rental house? You’d almost have to be crazy.”

Comments (3) -- Posted by: madhaus @ 7:04 am

3 Responses to “Renters Ruin it for Rest of Real Realty Realm”

  1. Jorge Says:

    I live in the bay area, ca. We have so many damn renters around here its ridiculous. They leave their bulk pick up garbage out front for weeks at a time. Also I can’t not mention all the riff raff section 8 renters, how would anybody that gets to live somewhere for almost free have any respect for the area? But they sure have money for an escalade or a new Benz. Ridiculous

  2. Jorge Says:

    I live in the Bay Area Ca. This whole area is full of renters that just bring down property values. We had several rental neighbors that leave their big piles of bulk pick up on the street for over a month. Also lets not forget the section 8 renters that don’t have any respect for them selves or their property owning neighbors. Why would they? They get to live in a good area for free so they can still drive an Escalade or a new Mercedes S500 with 24” wheels.

  3. Rob Says:

    A lot of renters in our area our section 8 housing as well. Partying every weekend and letting their children run free to torment the neighbors.


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