-Caveat Lector-
In a message dated 99-10-29 12:06:16 EDT, [EMAIL PROTECTED] writes:
>Same for me. My parents bought our home in 1955 for $20,000. My mother still
>lives there (only the SECOND house she's ever lived in!). When my father
>died three years ago, she had the house appraised...it came in at $250,000.
>And that is the MEDIAN home value for that township! Sure, some of that
>increase is inflation, but an awful lot is real-estate speculation...
Some places more than others ... My father's aunt bought a Victorian house
in San Francisco's Mission district for a flat $5000 in 1953. Today it's
valued at $1 million.
In 1979 I rented a large one-bedroom flat for $225. By 1999 its rent rose to
$2250.
In 1995 my rent for an in-law (studio) apartment was $425. Today I pay $1050
for a
studio apartment. That after having been evicted twice, from two different
apartments, by barracuda-like real estate speculators who bought both
buildings in which my wife and I were tenants and immediately evicted all
residents on zero or flimsy grounds, in order to jack up the rents legally
under our "rent control." (CONTESTING an eviction handled by a corporate
real-estate "eviction specialist" lawyer, in an action to be heard by judges
who are also slumlords, in a city where real estate speculators are lobbyists
and the mayor's greatest campaign contributors, is as futile an enterprise as
fighting a determined hostile takeover by a multinational -- the onslaught is
as rapid, systematic, and ruthless as Dresden's bombing, and the average
working-class tenant just can't afford the expensive attorneys' fees for the
extremely time-consuming litigation.) On the other side of the scales, the
average wage in San Francisco in 1979 was $7.50 an hour. In 1999, twenty
years later, the average wage --whether you're a McDonald's clerk who doesn't
speak English or a computer-literate office manager with a college degree and
twenty years experience-- is $7.50 an hour ... ZERO % increase versus 1000%
-- and the odds are high that your employer here is also heavily invested in
real estate.
"Property--" if the owner of real property doesn't personally OCCUPY it,
doesn't care about the health, safety or comfort of those who DO, and only
uses it as a "token" in trades no different from stock-market shares,
profiting from nothing but its transfer--
"--is THEFT." Kill the lawyers, yes, but don't forget that the landlords are
next in line.
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