Wednesday, April 2, 2014

State of Impermanence

The news of the imminent sale of Slob Manor (read: rental housing) was no surprise to me. However, I had expected the landlord to attempt a last ditch effort to salvage the investment. I should have known better. The landlord is probably in deeper financial trouble than I was led to believe. I am now assuming that the second refinancing of Slob Manor included a large equity extraction, if there even was any real equity at all. Well, that's neither here or there.

Typical Permanent Hottie
The real crisis affects the tenants. Once the landlord accepts a buyer's offer, there will be only 45 days before escrow closes and the property changes hands. We, the tenants, may have as little as two months before eviction. There is the remote possibility that we could remain tenants under the new ownership. However, a significant rent increase is a given. Incidentally, a large number of recent homeless people were victims of the exact situation.

Both Alan and the "chef" face interesting obstacles. They have assumed that nothing at Slob Manor would change. In becoming extremely comfortable, they began purchasing all kinds of "stuff." Food hoarding also became the "norm." Obviously, I don't have that problem. I learned my lesson a long time ago. Comfort is a function of permanence. And, permanence does not exist.

I won't delve much into the the financial situations of the other guys. I know that their budget requirements dictate a sub-$1,000 monthly rent. Even Alan would be strapped because he suffers a negative cash flow from tje rental of his "McMansion" in Arizona. As for Tom, the drunkard, he has already been reserved a room at the landlord's nursery in Waimanalo.

Slob Manor could have been workable for everyone, including the landlord. Unfortunately, none of the tenants (at least in the main house) could humble themselves and be considerate to each other (except the ol' lavahead). None of the tenants could show restraint and not exploit their privileges (except for the ol' lavahead). The landlord contributed to the problem by sheer neglect and surrender of control.

Slob Manor is really a microcosm of the human condition. Stupidity, selfishness, and arrogance all lie at the heart of the problem. And, irrational thinking leads to the belief in permanence. All-in-all, the end result is disappointment and misery.

Slob Manor Mini-Update®
Prospective buyers are scheduled to view the property on Thursday, which leads me to believe that the landlord had made the decision to sell several weeks ago. Why were we not informed earlier?

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