Crazy Rents (Boston, Somerville, Malden: apartment complexes, city hall, renters)

[WestieWhitie]

What else would you expect when inflation is creeping into double digits and rents were made optional for over two years?

[charolastra00]

I've shared here that my rent will be up to $2150 a month for a 1 bedroom with shared ($5 a load) laundry and outdoor parking in Marlborough. When I moved in 4 years ago, it was $1500 a month. Thank G-d I've had a few promotions, but this year my merit raise won't even cover my rent increase.

10 years ago, my 3 bedroom apartment in Waltham was $1800. It had 1.5 bathrooms, huge bedrooms, 2 living rooms, and a big kitchen. It's up for rent for Sept. 1 for $4000 a month.

Every day, I send out a few applications for jobs out of state. Unfortunately, the COL is up everywhere and the paycuts to move to cheaper areas don't make the math work.

[mdovell]

Cheaper areas don't always mean lower pay. Employers seem to be clinging to hybrid to maintain staff.

[MtPleasantDream]

Originally Posted by Remy11

Not this expensive (Boston is now one of the priciest cities in the US) and we didn’t have to live out in Malden or Arlington back then because it was affordable to be in Boston. Somerville was the furthest people had to go to for cheap rent. Malden is the second to last stop on the orange line—that was considered pretty far out of the way. If you had to live in the burbs like Malden and Arlington, you might as well have been living back at home with your parents.

You also need to consider many high paying jobs are not in the city nowadays, but in places like Burlington, Woburn, Waltham and so on. Living in the city is actually inconvenient for them.

[massnative71]

Originally Posted by GeoffD

And Stockholm syndrome has nothing at all to do with the metro Boston rental market. One non sequitur is as good as another.

But the post it was addressing reeked of Stockholm syndrome, there is quite a bit of that on this forum.

[BostonMike7]

This is just nuts. These rents are now well past what my mortgage is. I don't know how this is sustainable.

[massnative71]

Originally Posted by BostonMike7

This is just nuts. These rents are now well past what my mortgage is. I don't know how this is sustainable.

It will continue as long as people are stupid enough to pay them.

[bostongymjunkie]

Originally Posted by GeoffD

And Stockholm syndrome has nothing at all to do with the metro Boston rental market. One non sequitur is as good as another.

It's a shame that some people live under a proverbial rock... on a private beach.

[Moh1988]

Originally Posted by massnative71

It will continue as long as people are stupid enough to pay them.

What am I missing here? People are now stupid because they pay rent?
Do you think newly grad has any sort of down payment to purchase anything in this town?!!!

[Moh1988]

My rent was increased by 500$ for the 3bd apartment in one of the Avalons in Lex/Belm area. Coming from the midwest where a 100$ increase would make me upset,,, this was one of the "Welcome to Boston" kind of moments.