A New Movement from Renters: AngryRenter.com

in Help Me Now! on by

If you turn on CNN, half the headlines you’ll hear will mention the mortgage crisis and the bailouts that the U.S. government is planning for American homeowners facing foreclosures. But there are a couple of numbers that seem to have gotten lost in the shuffle: while the planned bailouts are being paid out of everyone’s taxes, almost a third of Americans rent their homes. They’re paying into the system, but they aren’t benefiting.

That’s the point that AngryRenter.com is trying to make. The site is a grassroots effort meant to bring attention to the fact that renters are getting a raw deal. The site’s main goal is to get enough signatures on their petition to convince Congress to think twice about bailing out homeowners.

The group is backed by FreedomWorks, a political activism group focused on reducing taxes. They are recruiting renters, as well as homeowners, to oppose federal help for foreclosures. AngryRenter.com cites a CNN article estimating that, if Congress follows through on the bailout, the bill could reach $120 billion dollars.

Just looking through the signatures on the petition and the attached comments, you can quickly get the idea that these renters feel that most those homeowners facing foreclosure made a very poor decision in taking out a subprime mortgage–the consensus is that those homeowners should have kept renting until they could have afforded a prime mortgage.

The comments range from the economics of the situation to the personal choices of renters. Michael B. of Denver, Colorado suggests, “Government isn’t the solution, it’s the problem. Let the market work as it’s supposed to. Government programs designed to get as many people into homes, (regardless of credit worthiness, or job stability) in large part contributed to this problem. Stay out of the market since you obviously don’t understand it. None of my tax dollars to bail out poor choices by others.”

In contrast, Daniel C., of Austin, Texas focused on his own situation: “My wife and I have wanted a house for a while now, but we took a realistic look at our finances and realized we needed to wait. In our mid-30s, we’ve paid off our other debt and we’re finally closing in on a reasonable down payment. I don’t want my hard-earned tax dollars going to bail out a bunch of short-sighted, ‘But I want it now!’ types.”

Whether or not you are an angry renter, this opinion hasn’t gotten much attention at the federal level of government. Both homeowners and banks have lobbies that represent them in Washington, but the closest renters get are the lobbyists looking out for landlords’ interests.

And considering a few of those landlords have subprime problems of their own, it looks like AngryRenter.com really is one of the best representatives that renters have.

24 Responses to “A New Movement from Renters: AngryRenter.com”

  1. June 27, 2008 at 9:07 pm, Guest said:

    Careful whose petition you sign. Who benefits if all these homeowners lose their homes and become renters??

    Reply

  2. June 30, 2008 at 2:16 pm, Guest said:

    Agreed. If the rental market feels a significant surge in demand…then guess what, your rent goes up!

    Reply

  3. July 01, 2008 at 12:40 pm, Guest said:

    “Careful whose petition you sign. Who benefits if all these homeowners lose their homes and become renters??”

    Easy, we do. It puts houses on the market at an affordable rate for those who are looking to buy a house *and* financially responsible. By keeping those who are NOT financially responsible in houses of their own using my tax dollars, it makes housing more scarce, driving the price up, forcing us to keep renting.

    Reply

  4. July 02, 2008 at 3:24 pm, Guest said:

    I would love to bailed out of this awful apartment.

    Reply

  5. July 03, 2008 at 12:22 am, Guest said:

    Wish I could afford to move from this cramped apartment. Unbearable odor many days, rent keeps going up while building just gets older. Cannot count on my assigned parking place. Can’t even have a car or truck towed (at their expense) because I rent and do not own.
    I wonder if me and people like me have a complaint???
    According to our manager, my complaints are a personal problem. I can always move. Oh, did I mention I can’t afford to move?
    Wonder how many people have the same problem?

    Reply

  6. July 03, 2008 at 1:59 am, Guest said:

    Why are people agreeing to go into debt to the tune of a half million dollars to buy some run down property? Then it costs tens of thousands of dollars to renovate to make it livable. That is sheer stupidity. If they got themselves into that mess, they can get themselves out. I rent for a reason. I don’t think home ownership is all that great.

    Reply

  7. July 03, 2008 at 2:48 pm, Guest said:

    This article seems to vilify those that had a foreclosure, saying ‘homeowners facing foreclosure made a very poor decision.’ That’s not always the case. When we discuss a government bailout of sub prime mortgages is not because the government is concerned with citizen housing, they are concern about the stock market. For example, Bear Stern was bailed out because if they did not, there could have easily been a run on the market. So here’s my opinion piece, be careful what petitions you are signing, because these folks look like the same type of people advocating stripping children, mothers and the elderly of social programs.

    Reply

  8. July 04, 2008 at 1:46 am, Guest said:

    hey jack a**, if you cant afford a place, then dont f*n get it. Same goes for home owners… Bail out? thats bullshit. no government agency should be aiding in such attrocities! WTF people!!!! Tax payers have to pay for this shit. I for one am responsible enough to know better, and do a little research, why the f*k should I have to help pay for others mistakes? I have enough bills of my own already. Quit being such whiney b*tches, and learn some responsibility.

    Reply

  9. July 07, 2008 at 9:06 pm, Guest said:

    No effin bail out for scumbag defaulted mortgage
    holders. You a**heads bought a crummy house for
    $250,000. Then the market (not real) valued your
    house ON PAPER at say $450,000. so what did you
    stupid mofos do? You went and took out home equity
    loans for $200,000 in “equity” that really didn’t
    exist. It was a fiction. You took your fake equity
    and bought Mercedes Benzes, BMWs and took fancy
    trips to Europe and the Caribbean, all the while
    running up your credit cards and spending your
    non-existing equity. Your home didn’t increase in
    value a**hole. You basically took on a $200,000
    credit card bill, except it’s secured by the title
    on your home. Welcome back to apartment living
    with the rest of us poor d**ks who didn’t buy a
    house and scam the banks for home equity loans.
    Hope you enjoyed yourselves. The grim reaper is
    coming for you. You will be out on the street
    with empty pockets. I feed so sorry for you.

    Reply

  10. July 07, 2008 at 9:12 pm, Guest said:

    Stop whining. You deserve no mercy or sympathy.
    You bought a house and then it”increased in value”
    on paper only. It’s the same house, but you went and
    took several hundred thousand in home equity loans
    for equity that wasn’t there. You bought that Lexus,
    Mercedes, BMW. You went to Europe every year. You
    hit the islands in winter. You also ran up your credit card bills. Now you can’t pay. Foreclosure is
    next. Grim Reaper time pal. Me, I live check to
    check. I save my money in retirement accounts.
    No house. I live in a stinking apartment. Life’s
    tough. Your credit is in the toilet and the bank
    is coming for your house, foreign cars, and bank
    accounts. I should subsidize you when I work, make
    six figures and I live like an animal. I don’t
    think so. Kiss it all good bye. Those equity loans
    are secured by the title on your house. I love
    to drive around and see FORECLOSURE sale signs on
    front lawns. I could care less.

    Reply

  11. July 07, 2008 at 9:17 pm, Guest said:

    Rent is going up also. Demand will have little
    effect.Landlords will charge what the market
    will bear. If they raise rents too high, they
    will have trouble renting and rents come down.
    If jerks lose their homes because they have
    defaulted on multiple home equity loans and credit
    cards, too bad. You spent the money on that BMW,
    Lexus, Mercedes, hot tub, and foreign travel.
    I live like an animal. I have no sympathy for you.
    Move to the deep south. Plenty of open space there
    dirt cheap. Go work in a chicken factory.

    Reply

  12. July 08, 2008 at 12:41 pm, Guest said:

    My apartment is making me sick. I’m allergic to the mold in it. When I stayed away from the apartment for awhile suddenly I didn’t have sinus problems, headaches, and fatigue. I have made the apartment managers aware of the recurring mold on several occasions. They apply bleach and paint over it and tell me do deal with it.

    I can’t live in an apartment but they won’t let me out of the lease. What can I do?

    Reply

  13. July 09, 2008 at 11:15 am, Guest said:

    I knew my limits and didn’t take the risk of buying a house under shaky conditions. Don’t reward the risk takers with the money I saved (the government) by being smart and conservative.

    Reply

  14. July 11, 2008 at 2:59 am, Guest said:

    You can get out of your lease 2 ways. 1st don’t pay it for 2 months. before you stop paying the rent get a down payment and sign a lease on another apartment. Move into the other apartment. After 2 months the old landlord will have evicted you from the 1st apartment. You will lose in court for not showing up. The eviction by court means either you pay the missing month(s) rent OR you get evicted. It does not obligate you to pay the remainder of the lease.
    this is not legally allowed, but just a threat that landlords use to scare you. If you are concerned about this get many doctors notes saying the apartment is making you sick and you cannot live there because it is slowily killing you.

    The 2nd way you can do this is get a doctor note and hvae a lawyer send a letter to your landlord saying you are terminating your lease early because of health reasons related to your apartment, and yuo are giving them 2 months noticve and paying them the (standard) $200 fee for early terminatiton of a lease. You do not have to pay the rest of the lease.

    Ypou seem to be unaware of teh fact that a landlord does not have to LET you out of the ease YOU decide when and where you will move. What do you think peoplke do if they get transferred by there highly paid job to another state, quit there job?? No they tell the landlord 2 months aheade of time that they are leaving and pay a designated fee, Usually $200.

    And then there are all those apartments that are vacant because people just left because they were discussted with the service, or safety etc.

    You actually have much more power then you realize.

    Go and get another aprtment now before anyone knows about it, even if it ends up that for one month you pay rent on 2 apartments. Then JUST LEAVE>

    You will feel greatly liberated and empowered.

    Sincerely, with kind regards,

    Been there

    Reply

  15. July 11, 2008 at 3:10 am, Guest said:

    Greetings:
    I think you are very smart. I would never get a sub prime mortgage. My husband and I live Below our means,as far as rent and ostentatious things.. As a result we can invest, save, pay for medical health preventative tests not covered by insurance, buy high quality pharmaceutical grade supplements, buy more expensive higher quality food, cure any ills by alternative means before they cause problems (also not covered by insurance), as a result of which we are incredably healthy and physically fit despite our ages (over 60)> As a result of this we can take great vacations involving great physical activities (horseback riding, trekking, hiking, dogsleddin–all over the world). This is a much greater life style than living in a house paid for by a sub prime mortgagtes, losing the house, having a nervous break down over it–or staying in the house by working 2-3 jobs and doing nothign but work and stay in your house–saying to yourself “Oh aren;t we great–we live in this house). Besides if you expand your perameters to travel and experience other cultures you can learn what is the best thing about their life style and learn form them and incorporate it into your lifestyle- to great benefit for yourself.

    Kind Regards

    Reply

  16. July 14, 2008 at 12:19 pm, Guest said:

    I am a renter, but my friend owns a low-end condo. He’s had it for 18 years. A mortgage broker talked him into refinancing it a couple of years ago, which he did because the broker was his cousin and he trusted him. His cousin told him to refinance with a loan that started out with a good rate, but would balloon into an impossible rate in two years. He said it would be okay, because by then my friend would would be old enough to get a reverse mortgage.

    He was totally wrong — you can’t get a reverse mortgage if your current loan is almost as much as your home is worth. So my friend’s payment nearly doubled and he simply did not have enough income to pay it. It was not his fault — he was lied to.

    So don’t be too quick to condemn folks in foreclosure. This is an older, homebody-type gentleman who was acting in good faith when he took his cousin’s advice.

    Reply

  17. July 15, 2008 at 3:18 pm, Guest said:

    Don’t take the advise of the last person that posted-you will have to pay a lease termination and it is no where near $200- depending on how much your rent it is- it should be 85% of 1 month’s rent.
    Laws are different depending on what state you are in.
    The best thing to do is work with your property manager and let her know you are ill.
    Good Luck

    Reply

  18. July 17, 2008 at 9:41 pm, Guest said:

    I don’t know where you got the idea that there is a “standard $200 fee” for terminating your lease. That’s laughable. Unless rent is about $400 then, I don’t see that as a probability. To terminate my lease it will cost approximately $2000. That’s Two THOUSAND not Two Hundred. In previous apartments, it has been closer to $1000 but that’s because my rent was about half what it is now. A lease is a contract. You can get out of it but there is an early termination fees. W/out the fees you can be held responsible for the remainder of the lease as well as the court costs.

    Reply

  19. July 20, 2008 at 4:32 am, Guest said:

    It is against federal law to live in an apartment with mold. Therefore regardless of your state law says you are not obligated to live under those conditions. Your primary obligation is to make sure you take pictures and have properly notified your complex meaning in writing with the a company representatives signature. Even a return receipt certified letter will work. You can google this it is under the landlord tenant law. You may also contact legal aid or get a regular lawyer. You have a serious case and can sue for damages. There are local housing inspectors and so forth. Put it this way, if a homeowner sold his/her property they are required by law to disclose mold and lead based paint. Therefore if you rent they are required to rid your rental of those conditions. Good luck!

    Reply

  20. July 22, 2008 at 3:44 pm, Guest said:

    I’m curious how do you feel about the government bailout (tax payer subsidized) of investment house (not a bank) of Bear Sterns? The bailouts will only occur if it can be engineered to benefit the wealthy stock owners (who made big contributions to the present administration) of the real estate backed securities that are now being revealed as worthless as the day they were sold (they are tax dodges to start with) This situation is like peeling an onion and counts on reactions like yours to form public opion- of people who really haven’t clue but will scream the loudest- oddly enough not the stock owners (because they’ll take a write off along with the banks)

    Reply

  21. July 23, 2008 at 8:31 pm, Guest said:

    Nope!! Something similar happened to me 7 years ago and the government wasn’t helping me out. Why should some get extra special treatment that nobody cared to offer someone like myself way back then??
    I’m renting now and in financial recovery and all the sudden a large group of the population realizes at the same time what I learned back then, “things aren’t always as they seem” but they won’t pay the same consequences as I did because there are more victims of their own carelessness now then there where then? This makes no sense to me at all!!!!!!

    Reply

  22. July 24, 2008 at 3:25 pm, Guest said:

    There seems to be no accountability from the apartment owners and management. As for the person that has the mold problem in their apartment, you can get out of that lease. It is known as a default by the owner. You have the right to live in conditions that are safe and healthy. You have to let them know about the mold ( also take pictures) in writing. They have to take care of it and if they don’t you also give them a second letter saying that you are breaking your lease by reason of default and if you have any medical bills that have occured since you moved in that may be related to the mold, you can also sue. I am using a default by owner.So to get out of my lease with no penalty and I got that in writing by management. Sometimes sorry from management isn’t enough.

    Reply

  23. August 09, 2008 at 8:07 pm, Guest said:

    Check your state laws. Try a Construction Eviction, which entitles you to move out because of the mold.

    Send letters too:
    Department of Justice in your state
    Real estate Division
    City government
    CC your landlord

    CALL YOUR LOCAL NEWS!!!!!!!

    Reply

  24. November 22, 2008 at 3:30 am, Guest said:

    It’s fantastic that you’re able to live as you do.
    Where I live, I’m basically forced to be soaked with high rent, thus, unable to save up for a house because I live paycheck to paycheck. I’d love to live beneath my means, but there is a cap on salary to qualify for low-rent housing/apartments. And – those homes tend to be in high-crime areas.
    So – how do I live beneath? I actually have no life. I go to my job and come home. No recreation. I can only dream about owning a home. But I need to work.
    I’m trying to start a new self-supporting career as an artist, but that’s a slow undertaking.
    In the meantime, I waste my money on rent and watch other people get robbed trying to buy a house.
    Where is Utopia?

    Reply

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