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Old 06-09-2015, 10:40 PM
 
733 posts, read 867,207 times
Reputation: 408

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heh. 575, 2br 1 ba, 800 sqft, 575 a month. now i really dont wanna move...
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Old 06-10-2015, 08:39 AM
 
Location: San Quilmas, Tx
4,088 posts, read 6,103,713 times
Reputation: 9130
Quote:
Originally Posted by rynetwo View Post
The city is growing so fast and home or apartment construction must not be keeping up.

Last year alone the city added over 6,000 apartment units.
Not keeping up?? Apartment complexes in the area from Marbach Rd to Bandera Rd past 1604 are popping up like weeds.
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Old 06-10-2015, 10:03 AM
 
733 posts, read 867,207 times
Reputation: 408
Quote:
Originally Posted by Deep Forest View Post
Not keeping up?? Apartment complexes in the area from Marbach Rd to Bandera Rd past 1604 are popping up like weeds.
yeah, that doesnt say much. who wants to live in that craphole with inflated, overpriced units?

ill take my 575 any day after seeing the nightmare neighborhoods out on marbach. never in my life have i seen so many ghetto hood rats with homes painted like the american flag. THE ENTIRE HOUSE. only on marbach.. LOL....
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Old 06-10-2015, 01:57 PM
 
Location: San Antonio
3,750 posts, read 3,867,795 times
Reputation: 3196
Quote:
Originally Posted by Deep Forest View Post
Not keeping up?? Apartment complexes in the area from Marbach Rd to Bandera Rd past 1604 are popping up like weeds.
The metro area has grown by 190,000 in the last four years. Those people have to live somewhere.
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Old 06-11-2015, 08:07 AM
 
Location: San Quilmas, Tx
4,088 posts, read 6,103,713 times
Reputation: 9130
Quote:
Originally Posted by rynetwo View Post
The metro area has grown by 190,000 in the last four years. Those people have to live somewhere.
And it seems they're trying to house all of them in this area...
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Old 06-11-2015, 05:39 PM
 
4,571 posts, read 7,054,651 times
Reputation: 4217
Gee, I was looking into relocating to SA from San Diego because the rents are skyrocketing here too. My complex is under new project management and, since our place is "under market" everyone is scared as to how high the rent will be. I know one family got theirs raised $600, plus we now have to pay water, sewer and trash which used to be included. There are rents here in the mid 3,000's for places downtown, it's crazy. The middle class is definitely being squeezed out here but where do we all go? I'm paying $1425 for a 1/1 now and expect it might increase around $300 but I'm hoping it will be less. But can't keep it up only maybe one more year until I can figure out a well planned move somewhere, I'm retired and on a fixed income more or less.
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Old 06-11-2015, 05:49 PM
 
4,571 posts, read 7,054,651 times
Reputation: 4217
Default "shift the demographics of their tenants"

I agree, that is a big part of what is happening where I live too. That's the dirty little secret behind a lot of this...to get rid of the regular folks and have people with $$$ move in. Although I don't understand why people with money would really want to rent, but that is what is happening for sure. They don't care if we renew our leases, they'd probably be thrilled if we didn't...they want to upgrade all the units.

A lot of these property management companies have offices all over the country. Hence, the similarities to what is happening in a lot of cities. Not a coincidence.
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Old 06-11-2015, 06:03 PM
 
Location: San Antonio. Tx 78209
2,651 posts, read 6,520,524 times
Reputation: 1735
Just signed a lease for a 2/2 for $799 a month not including water or power. As I was sitting in the office they had several phone calls inquiring about units. I over heard the leasing agent saying that they were almost 100% leased and were not offering any concessions on the few units they had available.
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Old 06-11-2015, 06:31 PM
 
Location: New Braunfels, TX
6,274 posts, read 9,030,495 times
Reputation: 6375
I was paying $575/mo for a 1/1 back in 1998 in a decent complex - certainly nothing fancy. That was 17 years ago - buddy of mine has a son and daughter in law that just rented in the same complex @ $800/mo. Sorry.......that's not THAT big a "jump" over time...... This is a classic cycle - there are more renters than units available in the "better' complexes - and when that happens, rates go up. As renters get tired of higher rates, they go find a home to buy, and as more do that, the pool of renters drop off, and rates relax.

Been like that for as long as i can remember - of course, to many, it's the first time they've seen the cycle, so it's pretty wild in their eyes.
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Old 06-15-2015, 08:00 AM
 
117 posts, read 132,698 times
Reputation: 218
And my property tax doubled. Still can't get the city to do anything about the packs of wild dogs, illegal car repairs on the street or the litter...

The mayor is getting a big raise though. Must be nice.
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