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Can you show me the numbers on which you base this? I'd like to know where I can buy cheaper than renting so that I can own rentals there.
The numbers I've seen tell me that people are buying because sales are going up, and that it is far more costly to make a mortgage payment per month than it is to rent per month right now.
I agree. Our rent is way less than what a mortgage would be right now along with all of the added expenses. In time we will buy again, but for now we are saving a lot of money.
Hey, I just wanna send out a big thank you to those of you who have moved (or are moving) to Austin from out of state in droves. You're jacking up the rent for those of us who already live here :P
Hey, I just wanna send out a big thank you to those of you who have moved (or are moving) to Austin from out of state in droves. You're jacking up the rent for those of us who already live here :P
And big thank you for bringing in a larger tax base.
Not to be unsympathetic to the OP; but your landlord can charge whatever he thinks he can reasonably get for your apartment. That means one of two things...
1) He is OVERCHARGING you, which means you need to move to a place that is comprable and cheaper (ie reasonable fair market price).
or
2) He is NOT OVERCHARGING you, which means he is charging you a fair market rate, and you need to move into a place that is not as nice (ie not as comprable).
I mean, those are the only 2 logical situations that could be happening here. So why are you wasting time on City-Data? Why not go price other apartments/homes and see if you can get a better deal? I just don't understand the impetus to posting here.
Paying for a place to live, owning or renting, is the largest chunk of change out of your budget. I know it can be painful, but you have so much control over your living situation. This is a college town. So many people are in roommate situations. There are so many houses in the suburbs, so many houses for sale that you can get your foot in the door if you want to be an owner.
I just don't get the complaints on this subject, is what I am trying to say. The market allows landlords to charge a certain amount and no more. Austin is expensive to live in, as are most urban areas. Why does this surpise so many people?
Well, this place was ridiculously cheap at the time, compared to a few other apartments in the area that I checked, that were all $800+, and I moved in at $640. There was no 'move in special', so far as I know.
LOL< okay. I will retire from this thread....
You say that when you moved in 2 years ago, most comprable apartments cost $800 plus.
Now, 2 years later, your aparmtment is matching up with them, charging you $890.
It sounds to me like you were making out like a bandit for 2 years, and now your great situation has come to an end. It sucks dude, but you had to have known this was going to happen eventually. You got 2 years of a really great deal, by your own admission, now it's over. Be happy you got 2 years.
I lived out there too. They increased my rent by $150. I think they are banking on the new shopping center out there being a big draw to the area. It's BS.
Hey, I just wanna send out a big thank you to those of you who have moved (or are moving) to Austin from out of state in droves. You're jacking up the rent for those of us who already live here :P
The same thing happened when you moved here. What kind of job do you have that doesn't rely on the healthy economy we have as a result of all this growth?
You say that when you moved in 2 years ago, most comprable apartments cost $800 plus.
Now, 2 years later, your aparmtment is matching up with them, charging you $890.
It sounds to me like you were making out like a bandit for 2 years, and now your great situation has come to an end. It sucks dude, but you had to have known this was going to happen eventually.
I had asked them around the middle of June about moving from the top floor down to the first floor into an apartment just like mine, and they said it would cost $790, so perhaps you can understand where the surprise came from that it jumped up that much :P I had someone call and confirm that they really are charging $890 to new prospects for this new floor plan.
I also talked to a lady I know who lives in the same building as me. She and I have the same floor plan, except hers has a garage, which they charge extra for. She said that she renewed her lease at the beginning of July, and her rent went up $60 to $840. That exact floor plan (with the garage) is now going for $950. I understand that the landlord is charging me the market value, but whoever dictates what the market value is has decided that our apartments are worth $100 more in a single month. What exactly is 'fair' about that?
Quote:
Originally Posted by ssourgirl
I lived out there too. They increased my rent by $150. I think they are banking on the new shopping center out there being a big draw to the area. It's BS.
What shopping center are you referring to? Perhaps that is the solution to this little mystery. That better be one outstanding shopping center lol
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lol
