Home Front

A blog about the economy and the Sacramento-area real estate market.

May 13, 2008
Move along, the landlord is losing the house

If you like stability in your life you would not want to be Kyla Salazar-Thompson or Mike Kennedy. The two renters just moved at the end of February and now they're moving again at the end of this month. I visited with them this morning in Elk Grove - an exhibit A city for foreclosures and disruptions in the life of its renters.

The couple seems to have a knack for picking rentals where the landlord eventually stops paying the mortgage. It's happened twice now within six months. This time the two are probably moving into an apartment complex. It may be smaller and not have a yard, but a year's lease at least means something at apartment complexes.

Salazar-Thompson said she has two friends in the same boat, booted out of rentals because the landlord lost the house. We'll have more on the story from them and another booted renter in Friday's Home Front.

Meanwhile, Salazar-Thompson wonders why property management companies aren't doing a better job screening landlords. She says renters have to undergo credit checks and prove their worthiness to the world before being accepted as tenants. What's wrong with this picture, she says, when landlords aren't receiving the same scrutiny before entering leases with tenants?

I was especially struck by how the foreclosure mess interfered with her wedding invitations. The couple, getting married in December, already have the invitations printed and also the envelopes for their guests to RSVP. Those envelopes, of course, carry the address of the house they are now having to leave. So that's another $100 for new envelopes.

Another big question behind the mortgage meltdown is this: If your friends gladly helped you move two months ago for beer and pizza, isn't it a little much to ask them again so soon? Probably not, but it's on their minds as people keep telling them: "You're moving AGAIN?"
Oh, the good life in the nation's Foreclosure Belt.

About Comments

Reader comments on Sacbee.com are the opinions of the writer, not The Sacramento Bee. If you see an objectionable comment, click the "report abuse" button below it. We will delete comments containing inappropriate links, obscenities, hate speech, and personal attacks. Flagrant or repeat violators will be banned. See more about comments here.

What You Should Know About Comments on Sacbee.com

Sacbee.com is happy to provide a forum for reader interaction, discussion, feedback and reaction to our stories. However, we reserve the right to delete inappropriate comments or ban users who can't play nice. (See our full terms of service here.)

Here are some rules of the road:

• Keep your comments civil. Don't insult one another or the subjects of our articles. If you think a comment violates our guidelines click the "report abuse" button to notify the moderators. Responding to the comment will only encourage bad behavior.

• Don't use profanities, vulgarities or hate speech. This is a general interest news site. Sometimes, there are children present. Don't say anything in a way you wouldn't want your own child to hear.

• Do not attack other users; focus your comments on issues, not individuals.

• Stay on topic. Only post comments relevant to the article at hand. If you want to discuss an issue with a specific user, click on his profile name and send him a direct message.

• Do not copy and paste outside material into the comment box.

• Don't repeat the same comment over and over. We heard you the first time.

• Do not use the commenting system for advertising. That's spam and it isn't allowed.

• Don't use all capital letters. That's akin to yelling and not appreciated by the audience.

You should also know that The Sacramento Bee does not screen comments before they are posted. You are more likely to see inappropriate comments before our staff does, so we ask that you click the "report abuse" button to submit those comments for moderator review. You also may notify us via email at feedback@sacbee.com. Note the headline on which the comment is made and tell us the profile name of the user who made the comment. Remember, comment moderation is subjective. You may find some material objectionable that we won't and vice versa.

If you submit a comment, the user name of your account will appear along with it. Users cannot remove their own comments once they have submitted them, but you may ask our staff to retract one of your comments by sending an email to feedback@sacbee.com. Again, make sure you note the headline on which the comment is made and tell us your profile name.

hide comments

On October 14, The Sacramento Bee will temporarily remove commenting from sacbee.com. While we design the upgrade, we encourage you to tell us what you like and don't like about commenting on sacbee.com and other websites. We've heard from hundreds of you already and we're listening. Please continue to add your thoughts and questions here. We also encourage you to write Letters to the Editor on this and other topics.

Jim Wasserman on Twitter

Follow "jimwasserman" on Twitter

October 2013

Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31