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In both 2002 and 2012 I rented from the same apartment complex on the nicest side of town in Louisville KY. In 2002 a 1 br was $450 a month, when I left in 2015 it was $621. Last year I moved across the river to a working class area on the Indiana side for cheaper housing. My mortgage payment for a 1950s ranch house is only $350 a month, you couldn't get a studio in the highest crime area for that.
Wow, excellent. The middle of the country in general is the part of the country that people have much more common sense when it comes to what a house or apartment should be.
I know the employer I worked at had the same wage in Denver as it did in Lincoln, Nebraska. The wage wasn't the best but unlimited overtime.
A 2 bedroom apartment in general runs around $1500/mo in Denver and in Lincoln it would run around $600/mo.
I love the scenery, climate and built environment in Metro Louisville. I wasn't impressed with the mentality of the people but other then that it is a good area with a good location.
I just took a short vacation to Tucson the extended stay hotel that was modern with a nice kitchen and newly remodeled was $31 a night. I am sure parking costs in some major cities are that much.
The gap in motels, hotels, apartment, housing costs, property costs is amazing from one area to another. Especially since it's mainly the same chains and the same internet where ever one goes.
It is incredible how the Midwest seems to be immune from speculative price increases. The gap from one part of the country is incredible.
I have noticed many of the middle-sized Midwestern metropolitan areas like Omaha, Wichita, Oklahoma City and Lincoln have seen very small rent increases over the last decade.
The whole country is mainly chains anyway and all metropolitan areas have good internet access where jobs can be done in many cases from home, so it is incredible how the gap between places Southern Indiana and New York/San Francisco has never been wider.
In these gentrified cities, its just a bunch of people staring at smartphones or in expensive coffee-shops staring at laptops anyway.
Last edited by lovecrowds; 08-17-2016 at 06:24 PM..
It is incredible how the Midwest seems to be immune from speculative price increases. The gap from one part of the country is incredible.
I have noticed many of the middle-sized Midwestern metropolitan areas like Omaha, Wichita, Oklahoma City and Lincoln have seen very small rent increases over the last decade.
The whole country is mainly chains anyway and all metropolitan areas have good internet access where jobs can be done in many cases from home, so it is incredible how the gap between places Southern Indiana and New York/San Francisco has never been wider.
In these gentrified cities, its just a bunch of people staring at smartphones or in expensive coffee-shops staring at laptops anyway.
Most 2 bedrooms are starting around $1200 in the city, and not much cheaper in the metro. I guess it's not a dramatic increase, and it's still cheaper than the "gentrifying cities". But rents here have really started to climb fast, especially with all of these new big developments in the core.
Wow, excellent. The middle of the country in general is the part of the country that people have much more common sense when it comes to what a house or apartment should be.
I know the employer I worked at had the same wage in Denver as it did in Lincoln, Nebraska. The wage wasn't the best but unlimited overtime.
A 2 bedroom apartment in general runs around $1500/mo in Denver and in Lincoln it would run around $600/mo.
I love the scenery, climate and built environment in Metro Louisville. I wasn't impressed with the mentality of the people but other then that it is a good area with a good location.
I just took a short vacation to Tucson the extended stay hotel that was modern with a nice kitchen and newly remodeled was $31 a night. I am sure parking costs in some major cities are that much.
The gap in motels, hotels, apartment, housing costs, property costs is amazing from one area to another. Especially since it's mainly the same chains and the same internet where ever one goes.
It is incredible how the Midwest seems to be immune from speculative price increases. The gap from one part of the country is incredible.
I have noticed many of the middle-sized Midwestern metropolitan areas like Omaha, Wichita, Oklahoma City and Lincoln have seen very small rent increases over the last decade.
The whole country is mainly chains anyway and all metropolitan areas have good internet access where jobs can be done in many cases from home, so it is incredible how the gap between places Southern Indiana and New York/San Francisco has never been wider.
In these gentrified cities, its just a bunch of people staring at smartphones or in expensive coffee-shops staring at laptops anyway.
Most professional jobs are clustering in major metros, not in the cheap areas.
Can someone please explain to me why multi-family construction is today 3 to 4 times LOWER than it was back in the 70s and 80s??
This is ridiculous and needs to be addressed!! Renting was cheap in the past because there were many rentals being built. Our population grows by millions each year and there are not enough multi-family housing units.
Can someone please explain to me why multi-family construction is today 3 to 4 times LOWER than it was back in the 70s and 80s??
This is ridiculous and needs to be addressed!! Renting was cheap in the past because there were many rentals being built. Our population grows by millions each year and there are not enough multi-family housing units.
That's odd.....because it seems like multi-family housing units are the main thing being built around here. Of course, they're also considered "luxury" units.
That's odd.....because it seems like multi-family housing units are the main thing being built around here. Of course, they're also considered "luxury" units.
Exactly. Nothing that the working class and middle class people can afford. We need apartments to be built at a level like they were back in the 70s and 80s. I've been apartment hunting and all the places where working class people live were built in the 70s and 80s. And rents in those places too is through the roof because of lack of supply.
Exactly. Nothing that the working class and middle class people can afford. We need apartments to be built at a level like they were back in the 70s and 80s. I've been apartment hunting and all the places where working class people live were built in the 70s and 80s. And rents in those places too is through the roof because of lack of supply.
I think one of the issues with that is the cost of constructing these places has also skyrocketed. I'm not saying it's the only reason, but it's hard to charge $600-$700/mo for a unit when it costs $30-$40 million to develop the property. The only ones in Grand Rapids that get built are through gov't tax credits. I'm sure it's the same everywhere.
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In 2005 a 2 bedroom went for $658 according to the link: 
