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For those who don't need it air max plus gold sale , rent control can become an addiction, resulting from too many years of a sweet deal. It can leave the real estate muscles paralyzed and the investment portfolio sick. "Penny wise" might have a "pound foolish" problem.


Don't get me wrong. I'm not talking about those who live in rent-controlled apartments because they cannot afford to move; I'm referring to the thousands of well-heeled ones. The affluent --with greater job stability'move less frequently than the needy, thus retain the treasured units. Those who can least afford it must re-rent at higher rates.


I stumbled upon this "housing disorder" as a Los Angeles Realtor, when encountering dozens of well-to-do Westsiders tucked away in dilapidated rent-controlled apartments air max plus pink sale , determined to stay for the appealing price tags. Landlords have no incentive to make improvements when they collect rents below market-rate.


It didn't matter that these tenants had higher incomes than their landlords, qualified three times over for a loan, or possessed the down payment to purchase rentals of their own. It didn't even matter that they were losing thousands of dollars in tax write-offs and hundreds of thousands in equity. They were proud bingo winners, and under no circumstances would they sacrifice that for a bigger pot.


Three years ago air max plus black sale , I almost convinced Anne to buy. She was living in a $509 per month rental in West L.A., having assumed a new identity in order to dupe the building's owner. He still thought Gwendolyn--who lived there prior to James, Henry, Erica and now Anne ?was the tenant. Most L.A. landlords cannot raise the rent more than three percent a year until the unit becomes vacant; and some tenants succeed in pretending they are someone else just to keep the price low.


Anne refused to buy the $280 air max plus sale china ,000 townhouse in Burbank we had selected for her purchase. First, it was in the Valley, and many Westsiders have convulsions about investing "over the hill." Secondly, she planned to put tenants in her new place air max plus sale free shipping , but worried that they couldn't be trusted.


"Now why would you think that, Gwendolyn? Sorry, I mean Anne."


That townhouse is now worth $550,000 air max plus shoes sale , a loss of $270,000 in equity, and her apart