I am NOT paying rent until my unit is repaired. And WHEN the zoning situation makes it legal for any rental contract to be valid in this building. So I AM the boss.

I have succeeded in forcing my landlord to quit. The Property is at 184 Centre Street in Mountain Voiew. He is trying to sell the building even though it is still illegal to operate an apartment due to the WRONG land zone designation, it is a R3.1 and NOT an R4 residential zone.

Also he is currently listing the price for $4.65M when he bought it for $4.95M. about 7% less then what he paid for it. However the market history of the building was it was listed in 2014 for $7.9M, It was discounted on 9/2015 to $5.9M, then 10/2015 for $5.3M and finally lt solde in 2/2016 for $4.95M.

But the last time this building was sold it was initially priced at $7.8M eventually selling for $4.9M a 38% price drop. If history proves correct with the current price of $4.65M the landlord will only get $2.9M for it. A loss of $1.97M. Given that history it is likely this property will not be bought for 2 years,

The real fact is the apartment cannot be sold as is until either the zone is revised to R4 or the new owner will need to wait for any rents until the land is rezoned to R4, or demolish the building and put in to residences in the buildings place.

That will take as much as 4 years. In any event. I won my war with my landlord.

JAFO’s last post going back to doxxing his landlord in Mountain View was deleted,
Now Steven tries the same garbage analysis without the doxxing details.

Pretty sad when you own nothing and your only way to make yourself feel better is
fear-mongering over Covid, pushing mandates and masking (turned out Mr Goldstein was all wrong) and now cheers for failure of infrastructure, housing and entrepreneurship.

One would think someone who constantly touts their multiple degrees and vast experience would be contributing to a solution, building a business, or contributing the fruits of their education and labor to charitable organizations.
Cracker Jack box degrees obviously do not pay the bills.

Here is some real data

Mountain View has been a bad investment regarding apartments rin the last 8 years

Now Zumper states that in 2014 a studio was $2,119, a one bedroom was $2,300, and a two bedroom was $2,895.

We need to adjust those to today’s inflation baselines which the CPI went from 246.055 to 319.224 a factor of 1.29.

So, we need to multiply those original rents to take into account todays value. Which would result in Studio was $2,733, a one bedroom was $2,967 and a two bedroom was $3,734

The Current rent for a studio in San Jose is $3,038, one bedroom is $3,515 and two bedroom is $4,469. That means s studio apartment earned over 8 years $38, a ROI of only 1% annually , a one bedroom earned $68 a ROI of only 2% annually and a two bedroom earned $92 a ROI of only 2% annually.

I did the same test on San Jose and even got worse results. It looks like someone has been conned into thinking that it is easy to make money on apartments, but discovered it is a lot more difficult

Boy this market is doing terrible even with the luxury housing skewing the numbers. And the majority of the apartments are NOT subject to rent control, which means it cannot explain what is going on here

No wonder landlords are freaking out?

This is funny