Wow, have rents changed since 2000 in some cities (real estate, apartment)

[lovecrowds]

It is interesting how much real estate has changed since 2000...,

I saw some fair-market rents from 2000.

https://www.huduser.gov/portal/datas...=%24fmrtype%24

Los Angeles.....Year 2000......Studio FMR $505 1 BEDROOM FMR $605

Long Beach apartment rents rise 7 percent; $2,000 for 2-bedroom apartment

Denver.....Studio FMR $458 1 BEDROOM $547

http://www.bizjournals.com/denver/ne...r-falling.html

San Diego....Studio FMR $563 1 BEDROOM: $643

San Diego Community News Group - San Diego rents fourth highest in California and rising in beach communities

San Francisco: STUDIO FMR: $832 1 BEDROOM: $1077

http://www.bizjournals.com/houston/m...top-third.html

[FirebirdCamaro1220]

In Phoenix in 2000, you could get a decent 1 bedroom for $400/month

[gladhands]

I rented a 2br in Ft Greene, Brooklyn for $1200, and that was gentrifier pricing.

[Chicago60614]

Back in 2001 you could get a one bedroom in Chicago for around $700. Those same places now are probably $1,400.

[annie_himself]

Originally Posted by Chicago60614

Back in 2001 you could get a one bedroom in Chicago for around $700. Those same places now are probably $1,400.

My friend had a 1 bed in Pilsen for $800. Right on the Damen stop.
Now she has a place on the northside for $600 a month, shares an apartment with the out of town owner who's never there.

[gladhands]

Originally Posted by annie_himself

My friend had a 1 bed in Pilsen for $800. Right on the Damen stop.
Now she has a place on the northside for $600 a month, shares an apartment with the out of town owner who's never there.

I had a renovated 2br in West Town for a hair under 1200 in 2008. I'm sure you can still find a 1br in the north side for $1000 or less, there just aren't a ton.

[IrishIllini]

Originally Posted by gladhands

I had a renovated 2br in West Town for a hair under 1200 in 2008. I'm sure you can still find a 1br in the north side for $1000 or less, there just aren't a ton.

It's also probably a dive, lol.

[gladhands]

Originally Posted by IrishIllini

It's also probably a dive, lol.

Not by NY, Boston or DC apartment standards

This person's furniture and housekeeping suck, but this is as nice as a typical NYC apt:

https://chicago.craigslist.org/chc/apa/5726979445.html

This is decent:

https://chicago.craigslist.org/chc/apa/5704767118.html

Okay, this is legitimately a dump, but the location is great:

https://chicago.craigslist.org/chc/apa/5725555191.html

Fairly standard big city apr:

https://chicago.craigslist.org/chc/apa/5729122255.html

On the crappier side, but great location:

https://chicago.craigslist.org/chc/apa/5681159463.html

A little far North for my liking, but:

https://chicago.craigslist.org/chc/apa/5722206823.html



The cheap places get nicer if you start going northwest, along the Blue Line.

[saibot]

We rented a one-bedroom in Lake Forest, CA (south Orange County) in 1996 for $725.

The same apartment is now $1625.

[Phil P]

This all makes me wonder why people think home prices will be an ever increasing asset comparable to the stock market. While I know a lot of housing is bigger and of better quality build and on the whole US cities are significantly nicer, there comes a point when rental and therefore housing prices are going to only go as high as people can afford, at which point they'll track wage growth.