5 ms·
> That means a one-bedroom, one-bathroom place can be had for $3,428 a month; a two-bedroom, two-bath apartment goes for $5,057. When the rent for a two-bedroo
by tvanantwerp 10y ago
> That means a one-bedroom, one-bathroom place can be had for $3,428 a month; a two-bedroom, two-bath apartment goes for $5,057.
When the rent for a two-bedroom apartment exceeds the US median household income ($rent is $60,684/year, median income in US is $53,657), it doesn't sound like that much of a housing glut to me.
- kowdermeister 10y agoI had the same quote on my clipboard. It's still pretty insane. I'm from Budapest and I pay around 150$ / month :D (yeah, I split)
- flubert 10y agoOr you could get a place all to yourself... $45/mo mortgage, 924 sq. ft.: http://www.zillow.com/homedetails/5-Preston-Park-Rutland-VT-05701/92022395_zpid/ http://www.zillow.com/homedetails/5-Preston-Park-Rutland-VT-... $90/mo mortgage, 1513 sq. ft.: http://www.zillow.com/homedetails/25-Merritt-Ave-Kingston-NY-12401/32836408_zpid/ http://www.zillow.com/homedetails/25-Merritt-Ave-Kingston-NY... $78/mo mortgage: http://www.zillow.com/homedetails/221-Mckinley-Ave-Williamstown-NJ-08094/2101576538_zpid/ http://www.zillow.com/homedetails/221-Mckinley-Ave-Williamst... $87/mo mortgage, 924 sq. ft: http://www.zillow.com/homedetails/81-Barbara-Ave-Prospect-CT-06712/57984181_zpid/ http://www.zillow.com/homedetails/81-Barbara-Ave-Prospect-CT...
- spaceflunky 10y ago> $87/mo mortgage, 924 sq. ft: http://www.zillow.com/homedetails/81-Barbara-Ave-Prospect-CT.. http://www.zillow.com/homedetails/81-Barbara-Ave-Prospect-CT.... $87 PLUS $396 HOA fee to live in a mobile home in the boondocks. Yea no thanks...
- flubert 10y agoAlways fun to get a different perspectives on what boondocks mean to different people... https://goo.gl/maps/C1LBxd61R9y https://goo.gl/maps/C1LBxd61R9y
- PopsiclePete 10y agoI don't understand how that's desirable unless you're some kind of Ted Kaczynski type hermit?
- mcguire 10y agoMontana/Wyoming had an oil boom here recently. Don't know if that is in the area, though. Plus, there is agriculture there. Some of us just like keeping the neighbors at arm's length. Q R 94 https://goo.gl/maps/EWKQyStTpeA2 https://goo.gl/maps/EWKQyStTpeA2 Point being, not every one is like you.
- spaceflunky 10y agoKeep in mind that a lot of these units are still coming on the market. Sure the prices haven't dropped yet, but landlords can only hold out for so long and the end of that rope, that's when prices fall. This is anecdotal, but I feel like everyone I know cares more about standalone single family houses these days as opposed to apts. IMO Apts and condos seem to be falling out favor, which could depress prices further. Where I live in SF, I've seen people choose to purchase a home way outside of the city, as opposed to getting a slightly smaller condo in the city for about the same price.
- kasey_junk 10y agoThat is likely an age bias.
- soulnothing 10y agoI rented an apartment in Philadelphia earlier this year for six months. When it came time to renew I looked at apartments and single homes. The issue I had with the apartment was the build quality, and building owners. I pretty much lost my security deposit due to the poor materials. In addition the walls were so thin every one was able to hear every one else, and noise complaints were constantly filed. When I looked around I wanted to be near city transit. Under 1500 one bedroom was the target. I couldn't find anything with good build quality. Sure there were stainless appliances, granite counter tops. But the cabinets were particle board easily chipped. The appliances while stainless were small, and inefficient. The walls were paper thin, etc. Among my friends they target homes, due to the build quality of the apartments, not because they want them specifically.
- TulliusCicero 10y ago> that's when prices fall. Good. Low prices for things people need is a good thing.
- RhodesianHunter 10y agoGood for people who need said thing, bad for people holding said thing.