Enough with the dam "LUXURY Apartments" (rentals, crimes)

[John7777]

Let's face it, you're probably not going to see any advertisements for "Cheap" apartments. They're out there, though. Little apartment complexes tucked away here and there. Maybe drive around and look for "For Rent" signs. You should be able to find something for less than $800.

[mir86]

Yeah, I've noticed that around here. They make everything so fancy that they have to price it up, even if its in a mediocre area. I've actually noticed some decent priced apartments in Scottsdale that are priced decently due to no amenities. You're basically paying for the location but since its not luxury, its affordable. My rent is cheap now cause I live in north phoenix. Now I have to pay 150$/mo more since I'm moving back to the east valley. Thankfully I can easily find a better paying job in my career field but not everyone here can. I feel like a lot of people will get priced out to the west side, whether they like it or not.

[Hschlick84]

Its not happening just in Phoenix, it's happening in Denver, Omaha, San Francisco and most big cities. I hate to say it, but it's supply and demand. People who are priced out either have to find a better paying job or constantly move around to more affordable areas. To address the issue, people should stop buying overpriced apartments and boycott them.

[freemkt]

Originally Posted by ajonesaz

Supply and demand. Also, most complexes are owned by a handful of companies. When you have a large market share, you can drive up prices.

Funny how working class demand NEVER is met until all higher market segments are saturated with supply.

I experienced this personally with PCs and with cell phones, and now it's happening to housing.

[freemkt]

Originally Posted by Hschlick84

Its not happening just in Phoenix, it's happening in Denver, Omaha, San Francisco and most big cities. I hate to say it, but it's supply and demand. People who are priced out either have to find a better paying job or constantly move around to more affordable areas. To address the issue, people should stop buying overpriced apartments and boycott them.

??? ??? ???

I think priced-out people should stay put and choke their cities with homeless camps. They were there first.

Homelessness is booming in Portland and the squeaky wheel is finally getting some grease as millions of dollars are being rounded up to throw at the problem.

Truth is, homelessness will never be solved as long as NIMBY reigns in this country.

[freemkt]

Originally Posted by ELOrocks17

Recently, I was looking to possibly move closer to work. I am single, so just looking for a studio or 1 bedroom apt. Have you noticed how 99% of apartment complexes in the valley look identical? Anyway, when looking in the apt guide, I was shocked how many were considered luxury apartments. Studios start at $800!!!! And that does NOT include utilities! I live in a 3 bedroom house for that much in N Phoenix! My question? Why? Why do property companies think that people want to pay that much to live in a luxury apartment? I don't want granite countertops, and vaulted ceilings. I just want 4 walls and a roof. Apparently, that's seems to be a tall order in this town.

Simple answer:

Because They Can.

Think about that the next time a batch of distant refugees is resettled into your community, or more illegals flood the area.

[DutchessCottonPuff]

You don't even WANT to know what that would cost here in Seattle.
I love it here but WOW what I would give for that price you gave !

Just passin thru ..Dutchess

[PhoenixSomeday]

Originally Posted by DutchessCottonPuff

You don't even WANT to know what that would cost here in Seattle.
I love it here but WOW what I would give for that price you gave !

Just passin thru ..Dutchess

Yeah it's cake here. Back home where I'm from in Silicon Valley, 1800-2000 barely gets you a half decent one bedroom in an OK area. Here, that gets you whatever you want - even a 1500sq.ft. 3 bedroom in a great area. Hell, for that money you can just get a house instead (and a lot of house too).

[NewYorkiforniainHouston]

Originally Posted by Hschlick84

Its not happening just in Phoenix, it's happening in Denver, Omaha, San Francisco and most big cities. I hate to say it, but it's supply and demand. People who are priced out either have to find a better paying job or constantly move around to more affordable areas. To address the issue, people should stop buying overpriced apartments and boycott them.

very true, due to the massive influx by everyone and their grandmother's cousin, what used to be $750 is now $1350. Cheaply built 3 story Midtown townhomes overlooking a light rail with the blazing lights of a Valero gas station across the street go for $400,000 here.

LOL

[azriverfan.]

Originally Posted by ELOrocks17

Recently, I was looking to possibly move closer to work. I am single, so just looking for a studio or 1 bedroom apt. Have you noticed how 99% of apartment complexes in the valley look identical? Anyway, when looking in the apt guide, I was shocked how many were considered luxury apartments. Studios start at $800!!!! And that does NOT include utilities! I live in a 3 bedroom house for that much in N Phoenix! My question? Why? Why do property companies think that people want to pay that much to live in a luxury apartment? I don't want granite countertops, and vaulted ceilings. I just want 4 walls and a roof. Apparently, that's seems to be a tall order in this town.

There are plenty of non-luxury apartments in the Valley. If you drive around, you can spot them everywhere.

I recommend luxury apartments for more than the amenities. Most of the luxury apartments weed out the riffraff so your neighbor isn't sketchy. They actually do credit and background checks which cost money and many cheap apartments won't bother running those for obvious reasons. When I was younger, I lived in cheap apartments and that would be my biggest criticism of cheap apartments. You never know who is going to live next to you and often you get poor college students who cram into an apartment and are loud or you get the sketchy drug dealer type where random people are always coming by and getting their stuff. Also, the "non-luxury" apartments tend to have issues (leaks, scorpions, appliances breaking down and doesn't get fixed on time). In the Valley, I would not take a chance on a cheap apartment unless it was in a relatively new suburb even in a remote location.