4 ms·
This makes me happy that I didn't try to buy a house despite the rents going up in my area. I'm in an apartment so this isn't a big issue but it's still signifi
by ladyattis 4y ago
This makes me happy that I didn't try to buy a house despite the rents going up in my area. I'm in an apartment so this isn't a big issue but it's still significant. In 2015, my apartment rent was 680/mo. Last month, the rent was 965/mo. I've moved into a renovated apartment in the same complex which moved me up to 1015/mo. So, I've seen some major jumps in the last few years there but it seems they're minor compared to the current changes happening for home owners.
Edit: Also, I don't pay for water, heat, or trash, so these prices with that in mind are a bargain in my opinion but for anyone else that isn't making my salary or similar it's still a pain.
- insane_dreamer 4y ago$680 -> $1015 is not minor in terms of percentage increase
- parkingrift 4y agoYou only "lose" in this scenario if you bought a year ago and need to sell now or sometime in the next 12-18+ months. Even if you're underwater temporarily it won't matter unless you need to sell.