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Old 03-15-2016, 11:14 PM
 
79 posts, read 273,382 times
Reputation: 58

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Is anyone else experiencing this? I was just told to leave (lease renew opt-out) after complaining about neglected problems, and the manager just would not address questions.

I'm afraid that other apartments will have the same luxury prices and ghetto property; can anyone else offer their experience and advice?
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Old 03-19-2016, 10:27 AM
 
79 posts, read 273,382 times
Reputation: 58
Nobody? Your apartments are fine?

Since searching on craigslist for rentals, I'm noticing the price per square foot is about 1.2:1 (about 1/5th more dollar per foot) when they were about 1:1 years ago; does this mean the quality is better? I'm going looking today but I'm afraid landlords are charging more for less.
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Old 03-20-2016, 12:43 PM
 
Location: Metro Detroit
1,786 posts, read 2,654,612 times
Reputation: 3603
I didn't initially comment because when I'm trying to be less opinionated on the board, but you're right. I completely agree with you. The reason you're right is political and unrelated to Utah, but it is the situation across the country and Utah is no different. The problem is a mix of the worst parts of socialism and capitalism creating this situation where we've eroded away at the need for apartments specifically marketed at middle income people. Programs like Section 8 and other community housing efforts have created a source of income for landlords who collect rent from the government rather than their tenants. These initiatives have created a system where those making $20,000 a year can afford apartments that cost $1,000 a month, so they live there. These tenants are not typically going to be as picky as someone making $52,000 a year (US median income).

Now suddenly instead of a limited pool of people who can afford $1,000 a month for an apartment, you have a significantly larger pool. It isn't hard for the landlord to fill the apartment. The way the landlord sees it, they get their $1,000 a month regardless, but one person has the expectations of granite counter tops, central air and quick-response maintenance. The other has maybe somewhat lower expectations. Who would you prefer to have as a tenant? Which situation allows you to keep a bigger profit?

In short, there is no longer a need for $600 apartments. Instead pretty much everyone can afford a $1,000 apartment and the quality of them has degraded due to lower supply and greater demand. If you want to spend $1,400 a month you can find some great apartments, but typically someone that can afford $1,400 a month is established in their career and will just buy a home. In addition, Utah is a good market. There is low unemployment and enough opportunities to attract new residents. With a lot of people are moving there this too increases demand, while supply - at least in the developed parts - remains the same. If you get out of the city a bit you can find better deals, but most young people want to live in places like Tooele or Eagle Mountain about as much as the people who live there want to live in Downtown.
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Old 03-26-2016, 09:45 AM
 
79 posts, read 273,382 times
Reputation: 58
Thanks for the input. Now I wonder if apartment complex owners are taking the money and spending less on the place, or if they're somehow having to pay more in taxes or fees or something even though they're being subsidized more. I know it's cliche to say "Well of course they're going to rip you off", but these owners were good and things have gone downhill while prices have gone up, and I can't tell if they stopped caring or they have actual problems playing fair. Very disconcerting.
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Old 03-31-2016, 10:03 PM
 
Location: Shingle Springs, CA
534 posts, read 1,529,380 times
Reputation: 669
Yes, I agree. My kid is a college student and it's been a nightmare with a crazy landlord this year. Her lease is up next month and we are moving her out of her place. She did a lot of searching, and the apartment she ended up getting is a lot more in price. At least, the new place is remodeled inside - the last place was a dump and dirty.

I'm glad that this is her last year of college. Yikes. She's sharing an apartment, but yes, prices are up. The new place, from google maps, looks like crap on the outside. Glad the inside will be remodeled; and we are familiar with the neighborhood, it's fine.

Best wishes. You're not crazy...
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Old 04-01-2016, 06:07 PM
 
914 posts, read 969,831 times
Reputation: 784
We had a lot of trouble finding a place when arrived last February. Nothing much on market in Sandy and also was either very pricy and way over a budget of 2K a month or cheaper but then a real dive. There is a severe shortage of rentals as most people here buy and also everyone has big families so they also look buy too and usually within a 5 miles radius of family meaning little scope. On top of this a lot of companies big ones are moving in here and not just downtown so rentals are at high demand as many want to see how they fare in Utah after relocating.

When other stuff was coming on the market there was a long wait meaning we couldn't as were in a hotel and it was mounting up. The company would only allow us up to 6 weeks. We looked daily and nothing even with a reasonable bdget by Utah standards especially as we are out of the city.

A year later had the same issue when we tried again to find somewhere around Sandy(we live in South Jordan/Riverton borders but want to be close to the kids school) Nothing on market .

Think it will only get worse as supply is nowhere near demand and in Utah people rarely move and most new properties are for sale not rent and are snapped up in seconds. I think people know this and are just leaving properties run down knowing they will rent as people need rentals. One house we looked at described online as luxury home had a broken glass pane in the window, no grass in the yard but covered in broken materials. Scratches all over the floors and frayed carpet. It was also filthy. They wanted $1800 a month for this and was only 2400sqft even though had 5 beds(all very small) it was also on a main road which is busy.

It got rented out so you can see what you are up against
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Old 02-05-2020, 09:10 AM
 
18 posts, read 21,778 times
Reputation: 17
Default Sandy, Utah apartment rent ???

Wow. Prices of apartments are much higher there than I expected. I am looking to move there over the summer and they are definitely wanting more than I want to pay on a educator salary.

Plus, I have no idea what apartments/areas to stay away from. I am hoping to work for Canyons School District.

Anyone with a similar experience that can give me some advice? I live in Dallas now and rent is outrageous here as of lately.
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Old 02-09-2020, 09:03 AM
 
229 posts, read 215,730 times
Reputation: 305
Quote:
Originally Posted by Silased1972 View Post
Wow. Prices of apartments are much higher there than I expected. I am looking to move there over the summer and they are definitely wanting more than I want to pay on a educator salary.

Plus, I have no idea what apartments/areas to stay away from. I am hoping to work for Canyons School District.

Anyone with a similar experience that can give me some advice? I live in Dallas now and rent is outrageous here as of lately.
I mean you can find some rentals from houses that are from the 80’s that aren’t so crazy. There are even a couple of brand new apartments that have 1 bedrooms for $1,000 (sky house, gateway west) that is a good deal for how our rental market has been. I’m not as sure about Sandy but it should be a bit cheaper.
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Old 02-10-2020, 09:16 AM
 
5,989 posts, read 6,748,914 times
Reputation: 18485
Ever-increasing population due to high birth rate, limited space due to the Valley being all built up, influx of residents due to the fact of SLC now being only about 50% Mormon, so it's less off-putting to non-Mormons, very low unemployment rate, unbeatable proximity to canyons, mountains, wilderness for recreation.

Really, aside from the cons of poor air quality and reactionarily conservative laws and customs regarding reproductive health services, SLC is a fantastic place to live. People who've been priced out of LA, San Fran, Seattle, Portland, etc are discovering SLC. So naturally, the price of housing is skyrocketing. Limited supply, increasing demand. The only way it will get better is when SLC starts doing what Seattle is doing around the U Washington area - tear down those tiny single family homes, and build six story apartment buildings on the lots. That could more than quadruple the number of 1-2 bedroom units available near the downtown area, which would relieve the pressure on the inadequate existing housing stock.

But you are right, Sec 8 vouchers DO inflate the housing market. They have to pay a little more than market rate because of the aggravation and bureaucracy involved in taking them, and only LLs with old, crappy, already-destroyed units are willing to take Sec 8, because the tenants treat the units worse than if they were an animal's cage. A large student population also inflates the market (around the U) because students' parents will pay whatever the market asks, paying for an individual bedroom in a multi-bedroom unit, far more than a family could pay for that unit.

The answer is to change the zoning laws to allow 6 story small footprint apt buildings on all those lots near the downtown, and near public transportation, in place of the legion of tiny bungalows that are now the dominant housing in SLC.
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Old 02-10-2020, 12:32 PM
 
9,357 posts, read 6,926,491 times
Reputation: 14766
Most affluent cities are facing this problem, it's certainly not unique to us. Urban areas like Denver that aren't constrained by topography can continue to build outward. I would argue that the urban sprawl expansion is detrimental in the long-term. Population density and urbanization are the most efficient long-term models.

Mass transit and infrastructure cannot keep up from a city planning perspective when the population and demographics shift at such a dramatic pace.

Last edited by SWFL_Native; 02-10-2020 at 01:49 PM..
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