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Old 03-03-2018, 09:19 AM
 
Location: Columbia SC
7,969 posts, read 6,720,934 times
Reputation: 10715

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2 bedroom one bath, no garage, cape style house, unfinished 2nd floor, Marlboro MA.

1968, $16,900 new build. PI&T (30 year) was $110.00 per month. Was one week's gross, with some overtime, pay.

Late 90's, someone added a bath and bedroom to the 2nd floor. Now 3 bedroom 2 bath house.

2018, $410,000 Realtor.com estimate.
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Old 03-03-2018, 09:30 AM
 
2,582 posts, read 3,144,879 times
Reputation: 6694
1997 1 bedroom crappy old apartment $625/month. Subsidized grad student housing.
They increased the rent stepwise to $1065/month by the time I moved out in 2003.
Crazy rate of increase. And that was still subsidized.... a little....

2004 $1300/month for 1 bedroom apartment in a more expensive city
2005 $1500/month for 1 bedroom in an even more expensive city. Rent pushed to over $2000 when I moved out.

2018 $990/month. Feels much better.
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Old 03-03-2018, 09:35 AM
 
Location: Colorado
1,694 posts, read 1,038,682 times
Reputation: 3523
Quote:
Originally Posted by LifeIsGood01 View Post
I didn't understand this at first read I thought you were renting and the rent went down. How did the interest go down was it a variable rate or did you refinance?
Sorry--the townhouse was owned by me. I bought it when the mortgage rates were about 8%, then over the years it dropped to about 4%, and I refinanced.

The home I live in now is also owned by me, but with a mortgage rate of under 4%, I don't see it dropping significantly enough anytime soon to make it worth my while to refinance.
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Old 03-03-2018, 10:53 AM
Status: "Free at last!" (set 2 days ago)
 
Location: Somwhere
3,128 posts, read 1,222,903 times
Reputation: 8066
1976, studio house rental: $60/mo
2018, 3bed/2 bath house on 3 acres: $17/mo. No mortgage, no rent, property taxes are $200/year.

Somewhere in between was a 3/2 in the SF Bay Area. Bought in 1987 for $95K, sold in 2005 for $540K. That let us buy this house for cash.
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Old 03-03-2018, 11:00 AM
 
Location: Georgia
4,514 posts, read 3,777,044 times
Reputation: 15511
1st rental: 1983 $800 rental a month in Darien, CT for a 2 BR house with a finished attic (saw that it sold last year for $700K!)
1st house: 1984, Kendall (Miami), Florida - $97,000 - 3 BR/ 2 BA, 1600 sf
2nd house: 1986, Boca Raton, FL - $190,000 (saw that it sold 2 years ago for $650,000) - 2,200 sf w/pool
3rd house: 1989, Atlanta, GA, $257,000. 30 years has been kind to it's appreciation. :-), 5,000 sf.
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Old 03-03-2018, 11:07 AM
 
10,272 posts, read 6,506,221 times
Reputation: 10852
Quote:
Originally Posted by steiconi View Post
1976, studio house rental: $60/mo
2018, 3bed/2 bath house on 3 acres: $17/mo. No mortgage, no rent, property taxes are $200/year.

Somewhere in between was a 3/2 in the SF Bay Area. Bought in 1987 for $95K, sold in 2005 for $540K. That let us buy this house for cash.
Your home is not insured?

To me housing cost is PITI and any HOA fees. Principal and Interest if not paid off and taxes and Insurance.
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Old 03-03-2018, 01:19 PM
 
711 posts, read 397,663 times
Reputation: 1065
Some of you are so young!

1977 1 bed/1 bath shared kitchen apartment 500 sf, King of Prussia, PA - $275 a month rental
1980 2 bed/1 bath condo (unfinished room upstairs but with additional full finished bath) 1000 sf - Exton, PA - $45,000
1985 3 bed/2 bath condo 1600 sf - West Chester, PA - $120,000
1995 3 bed/2 bath SFH 1800 sf - Milwaukee, WI - $120,000
1996 4 bed/2 bath SFH 2100 sf - Orlando, FL $130,000
2000 1 bed/1 bath apartment 800 sf - Orlando FL - $800 a month rental
2000 3 bed/2 bath oceanfront condo 1800 sf, Melbourne Beach, FL - $249,000
2004 3 bed/2 bath SFH 1800 sq, Melbourne, FL - $240,000
2010 2 bed/2 bath condo 1400 sq, Cocoa, FL - $220,000
2015 1 bed/1 bath apartment 600 sf, Miami, FL - $1600 a month rental
2016 2 bed/2 bath condo 1100 sf, Miami, FL - $310,000


There have been a few in between, I move a lot!

Last edited by SanyBelle; 03-03-2018 at 01:40 PM..
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Old 03-03-2018, 01:32 PM
 
10,272 posts, read 6,506,221 times
Reputation: 10852
Quote:
Originally Posted by SanyBelle View Post
Some of you are so young!

1977 1 bed/1 bath shared kitchen apartment 500 sf, King of Prussia, PA - $275 a month rental
1980 2 bed/1 bath condo (unfinished room upstairs but with additional full finished bath) 1000 sf - Exton, PA - $45,000
1985 3 bed/2 bath condo 1600 sf - West Chester, PA - $120,000
1995 3 bed/2 bath SFH 1800 sf - Milwaukee, WI - $120,000
1996 4 bed/2 bath SFH 2100 sf - Orlando, FL $130,000
2000 1 bed/1 bath apartment 800 sf - Orlando FL - $800 a month rental
2000 3 bed/2 bath oceanfront condo 1800 sf, Melbourne Beach, FL - $249,000
2004 3 bed/2 bath SFH 1800 sq - $240,000
2010 2 bed/2 bath condo 1400 sq - $220,000
2015 1 bed/1 bath apartment 600 sf - Miami, FL $1600 a month rental
2016 2 bed/2 bath condo 1100 sf, Miami, FL $310,000


There have been a few in between, I move a lot!
You do move a lot.

in 1977 how do you share a kitchen in a 1/1?
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Old 03-03-2018, 01:37 PM
 
711 posts, read 397,663 times
Reputation: 1065
Quote:
Originally Posted by LifeIsGood01 View Post
You do move a lot.

in 1977 how do you share a kitchen in a 1/1?
It was call a 1 bedroom junior apartment. There was an apartment (each a 1/1) on either side of a kitchen, both apartments locked. The kitchen in the middle had 2 stoves, 2 sinks, 1 dishwasher and 1 full size refrigerator. It was a good cheap setup for someone just out of college.
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Old 03-03-2018, 02:52 PM
 
5,507 posts, read 3,360,669 times
Reputation: 13941
I've only moved twice in my life, once out of my parents' house and then to my current house:

1996: 700 sq ft apartment in Lake Forest, CA -- $735/mo [currently rents for $1675]

1997: 1300 sq ft house in RSM, CA -- $1500/mo

Feeling glad we didn't stay in that apartment!
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