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Sad day at kestrel's humble abode............. [View All]

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kestrel91316 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-03-06 10:38 AM
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Sad day at kestrel's humble abode.............
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Yesterday I found out that the house I have been renting for 6 1/2 years is in escrow. It's only been on the market for two weeks. I will probably be evicted. The asking price was $830,000, and the rental income from me and the guest house cannot REMOTELY justify a mortgage that big.

I love this house. It's in a great, quiet neighborhood.........convenient to shopping and mass transit........has a HUGE yard full of fruit trees and perennials I have planted over the years, and my huge vegetable garden........two bedrooms/1 bath plus the "office" off my bedroom.........two-car garage, patio, carport.......guest house rented separately (where lives a couple with child who have become close friends). I get to watch the hawk and the mockingbirds and the phoebes and other songbirds which abound. It's a DREAM rental house, and my rent is VERY low because we have rent control in Los Angeles, and rents have skyrocketed in the time I have been here. I couldn't even FIND a similar property here - it's one-of-a-kind - and if I did it would cost twice what I am paying.

I will, if evicted, have to find a new home. I cannot afford to rent any other single family house in a neighborhood near my work (commuting is out of the question). I will have to get a one or two-bedroom box (apartment) and go back to the problems of stomping on my ceiling, 3 AM loud stereos nextdoor, etc, which drove me out of apartments/condos in the first place.

I am so upset by this - I couldn't sleep all night.
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