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I literally pay $100 more to live in a much shittier garage than this...
Rent is getting absolutely disgusting. I was JUST getting a promotion that would allow me to afford a house and then COVID fucked literally everything... The WFH movement started in full swing and bye bye affordable housing... Now I'm permanently locked out of the housing market as a blue collar piece of shit.
The rate of increase is mind blowing. I used to rent a 1br luxury apartment for $1100 back in 2016.
Good thing wages are also inflating to keep up with these ridiculous price increases. Oh, wait...
We rented a sizable 2-bedroom apartment in a good area of North Hollywood, CA's arts district for $1200 a month 10 years ago. I don't even want to know how much it's going for now.
They probably renovated to split it into 2 tiny apartments that they rent for double or triple the price each.
About 15 years ago, we had 1200 sq ft apartment with a nice deck that overlooked some woods and ponds at the bottom of the hill. It was $800 a month and we afforded it just fine. Now, I make almost double what I made then, and we live in a 900 sq ft apartment that stares down into a parking lot, has creaky floors, barely functioning appliances, and we pay $2000. The old apartment was $5.2k a month last time I checked (early 2022).
Where was this?
My cousin has a rent-controlled studio apartment in LA that he pays something like $900 a month for. I didn't even know rent control was a thing anywhere in LA but apparently it is and his rent can only go up 2% or so a year. The only negative is that he's basically stuck in this little place for the rest of his life.
Man my fucking mortgage is only a couple hundred higher
Same here, me and my GF make enough money now to afford housing 3 years ago, but now we're priced out of even renting! it's bullshit.
It's so gross that we literally need 2 incomes, sometimes more just to afford a place to sleep... I'm perpetually single so I need to do it all solo. Good luck I hope you guys find something soon!
Gas station attendants could afford houses while their wives stayed at home and did the housework. That's how ridiculous it's gotten.
With kids!
In Switzerland I could kill someone and have a better living arrangement than in this picture (look up swiss prisons)
I pay 1k for roughly 740 square feet / 69 m2. Covid didn't change anything. It's wild that things can be so vastly different for two similary rich countries (I kinda assume the post is in the USA).
I might have to commit a crime in Switzerland. Is criminal tourism such a thing?
Blaze that trail!
This varies widely across the US. Some areas are like this while others have booming economies with plenty of housing. It's a big place.
Where are these magical areas?
It's always good to have a backup plan.
I'm confused. The WFH movement should be flushing people AWAY from city centers, which should mean less pressure in already expensive areas. That's something that should make affordable housing more common.
Those people go move to the small towns with limited housing, and jack up the prices there. Happened in Ontario, houses are passing a million dollars over an hour away from Toronto, when those houses used to go in the low hundred thousands.
Can confirm, Hamiltonian here who witnessed the influx of Torontonians fleeing the big city and taking up our suburbs.
It's the opposite for everyone who doesn't live in a city. Long Island NY is already expensive on a regular day, all the people leaving NYC for the suburbs drove prices through the roof. It's a similar story in places outside of cities all over the country.