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Charleston area Charleston - North Charleston - Mt. Pleasant - Summerville - Goose Creek
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Old 09-29-2014, 04:46 PM
 
71 posts, read 49,240 times
Reputation: 165

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I just visited your wonderful city and absolutely loved it, even with the high humidity and the Labor Day weekend crowds. I want to be there now, but alas, I have 11 more years to wait. I've been contemplating retiring in Alabama, Louisiana, Mississippi and South Carolina (but leaning towards Charleston) for some time now because of the tax advantages for the over 65 crowd, the way of life and of course the warmer weather winter weather.

As you can see by my userid, I have a way to go before I will be able to retire. For now I will be reading through all of the threads and watching for articles about retiring in the greater Charleston area.

Right now I'm checking out the apartments from the information I picked up while I was there and reading the forum to get an to get an idea as to how much I'll need for rent, utilities, taxes etc. I am leaning more towards the gated and more upscale apartment complexes in Mt. Pleasant/Charleston and maybe Summerville if I can't afford the first two. Do any of you any idea as to how much and/or how often rent goes up? It's been awhile since I've lived in an apartment.

As a rough estimate I was thinking of figuring in the average inflation rate for the last decade - 2.2% and times it by 11 years. Does that sound about right? I look forward to reading all the helpful information you all provide. Thanks for your help.
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Old 09-29-2014, 05:05 PM
 
Location: Downtown
1,074 posts, read 1,669,025 times
Reputation: 496
Depends on location. Downtown it's been 5-10% or $50+ a year

Since mid recession: Rent has been skyrocketing ( ex: my 3 bd rental downtown)
2007: 850
2008: 875
2009: 920
2010: 1050
2011: 1300
2012: 1450
2013: 1620
2014: 1750

Last edited by Chs2014; 09-29-2014 at 05:15 PM..
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Old 09-29-2014, 05:12 PM
 
Location: Summerville SC Historic District
1,388 posts, read 1,945,892 times
Reputation: 885
Just have to say this...

Some prefer to live in Summerville because they want to live in Summerville, and not because it's less expensive to do so.

Summerville is no redheaded stepchild, by any means.
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Old 09-29-2014, 06:06 PM
 
45,676 posts, read 24,008,400 times
Reputation: 15559
We didn't move to Summerville because we needed to be closer to the beach, downtown and Wando High School was a big draw too.

I don't think I've ever met a redneck from Summerville. And I probably have met quite a few rednecks in Mt. Pleasant.
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Old 09-29-2014, 06:07 PM
 
45,676 posts, read 24,008,400 times
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Redneck is not a financial status thing....you do know that right?!!
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Old 09-29-2014, 06:13 PM
 
71 posts, read 49,240 times
Reputation: 165
I originally was thinking of Summerville because it was smaller sized and the same distance to Charleston as what I drive to work every day. But after visiting the Charleston area I've realized that it wouldn't be as bad as I originally thought it would be. Summerville is still a very viable choice. I am collecting information on both cities. Sorry if I offended you.
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Old 09-29-2014, 07:28 PM
 
Location: Summerville SC Historic District
1,388 posts, read 1,945,892 times
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Visit Summerville next weekend.
I'm proud to include myself as a new neighbor.


About the Kitchen Tour
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Old 09-30-2014, 07:08 AM
 
Location: Charleston, SC (West Ashley)
1,372 posts, read 2,049,888 times
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In the 2 years I've lived here... rent has skyrocketed at the complexes where we looked around when moving down as well as the one we lived in (it's one reason why we bought a home). I've had several friends who've moved from their rentals off Bees Ferry Rd. to other cheaper rentals due to increases, as well as a few others who see increasing rent as a sign to buy a home. Still, I think it's a good idea to rent when you move here, like we did. It helped us find where in the area we really wanted to live and didn't tie us down in case anything fell through with a job, etc.

Summerville is a nice area and really growing.
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Old 09-30-2014, 04:09 PM
 
45,676 posts, read 24,008,400 times
Reputation: 15559
I have to apologize -- I read 'red headed' stepchild as redneck....but that's just as bad isn't it? Merci Beaucoup Joyeaux.
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Old 09-30-2014, 04:45 PM
 
Location: Summerville SC Historic District
1,388 posts, read 1,945,892 times
Reputation: 885
Quote:
Originally Posted by moneill View Post
I have to apologize -- I read 'red headed' stepchild as redneck....but that's just as bad isn't it? Merci Beaucoup Joyeaux.
As far as idioms go, they're pretty much disparate.

I guess the two might diverge occasionally, though.
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