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Old 12-10-2013, 12:32 PM
 
Location: Houston, Tx
8,227 posts, read 11,159,920 times
Reputation: 8198

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Houston renters getting hit with some of the highest increases in nation - Houston Chronicle


Thanks a lot all you carpetbaggers who keep moving here and driving up the price.
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Old 12-10-2013, 12:35 PM
 
Location: Hell's Kitchen, NYC
2,271 posts, read 5,152,987 times
Reputation: 1613
Quote:
Originally Posted by 14Bricks View Post
Houston renters getting hit with some of the highest increases in nation - Houston Chronicle


Thanks a lot all you carpetbaggers who keep moving here and driving up the price.
Yup. Five years ago, I was paying $550 for a pretty decent place here in Montrose. My place now -- eight blocks away from where I used to live -- $725, smaller, and considered a good deal. I guess that's not much of an increase, but I know people who are paying a lot more.
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Old 12-10-2013, 12:54 PM
 
2,945 posts, read 4,998,963 times
Reputation: 3390
Yet all these people are like I want to be in the core 2br for $700

This article needs to be a sticky at the top. The same with the where can I get 3000sq ft in Sugar Land, top schools for under $200k

Everyone and their mom is coming so it's not "cheap" anymore. And where is everyone coming from? Texas is about a very light light purple right now. Give it say 5 years and it'll be a dark purple. 10 it'll be a cool light blue with a good fight to sway back to red.
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Old 12-10-2013, 12:55 PM
 
Location: Underneath the Pecan Tree
15,982 posts, read 35,255,650 times
Reputation: 7428
Pretty much. We got increasing rent, but no type of change in wages.

My old apartments tried to increase my rent by over 100$ [I would have went from 630 to 750] in only a year of living there. I was like and moved. Rip off.
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Old 12-10-2013, 01:11 PM
 
Location: Houston, Tx
8,227 posts, read 11,159,920 times
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Quote:
Originally Posted by blkgiraffe View Post
Pretty much. We got increasing rent, but no type of change in wages.

My old apartments tried to increase my rent by over 100$ [I would have went from 630 to 750] in only a year of living there. I was like and moved. Rip off.
Mines did go up $50 for a 1 year lease and $100 for a six month lease. I live off of Fountain View, and I think all the people getting pushed out of the Gallaria area are starting to come this way and making the rents sky rocket.
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Old 12-10-2013, 02:29 PM
 
1,728 posts, read 3,553,652 times
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because native houstonians can't fill the high tech jobs.
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Old 12-10-2013, 02:36 PM
 
Location: San Antonio, TX
1,297 posts, read 3,104,452 times
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Remington Park- My old apt. Moved in late 2011. Got it in Feb of 2012 @ $930/mo. Just looked online on apartments.com at the same layout which is going for $1144. Just insane! lol. That doesn't even count for elec, water, or cable (didnt wanna fork out for cable then). If I would've stayed they offered $1028 earlier this year and even then I thought that was too high. Obv it didn't hurt their pockets I left them.

Still a good time to buy for people as I think that's the better route. Bought a cozy condo in the galleria area and pay much less. Plus I like it better and isn't a downgrade by any means.
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Old 12-10-2013, 02:51 PM
 
Location: Breckenridge
2,367 posts, read 4,701,818 times
Reputation: 1650
Kind of thought it grew more than just 4.8% I guess it has to average the entire city. I bet midtown went up by over 10%.
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Old 12-10-2013, 03:32 PM
 
Location: The Greater Houston Metro Area
9,053 posts, read 17,217,687 times
Reputation: 15226
Quote:
Originally Posted by Schumacher713 View Post
Kind of thought it grew more than just 4.8% I guess it has to average the entire city. I bet midtown went up by over 10%.
Yeah, it is the average. The west, south, far north, and NW (and, of course the middle) went up a lot more. Other areas not at all, or very little. Supply and demand.
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Old 12-10-2013, 04:42 PM
 
2,945 posts, read 4,998,963 times
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Quote:
Originally Posted by GTRdad View Post
because native houstonians can't fill the high tech jobs.
The majority of the people moving in droves aren't the high tech, engineers, medical professionals people think they are.

Not to be rude but honestly, despite COL varying from place to place I wouldn't relocate for what it seems like someone of these people are getting paid if I was married with children.

As a single right now, hell yeah I'd move to Houston. If I have to recolate and uproot my household my budget would be decently flexible not tight. But yeah...that's just me.
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