Article on rising rents! (Phoenix, Mesa: 2013, apartments, renter)

[yukon]

Originally Posted by MN-Born-n-Raised

When the rental market drops (it's cyclical and the only question is when), I wonder how many people who said "my rent went up and the landlord didn't improve a thing" will feel guilty when the pricing drops and the landlord is losing revenue?

I never expected my landlord to reduce the rent when rents went down. They're entitled to a profit like any other business. I have, however, moved to cheaper digs if the rents dropped enough. Who wouldn't? I actually felt guilty about my last landlord. He didn't raise my rent for years, and I *KNOW* his property taxes had to have increased every year. I appreciated the fact that he didn't raise it, but I still felt a little guilty.

[yukon]

Originally Posted by chahunt

Jnojr seems like a very charming individual. -_-

Indeed. He also doesn't seem to understand the concept of sarcasm.

I can afford my rent, even with the increases. I'm self employed and I simply adjust my hours, find a few new clients or list increase my inventory offerings online (I have several income streams). Not everyone however can do that. They can't get extra hours, or ask the boss for a raise, or work a second job. Yes, rents do go up. But to say this is an affordable rental market is wrong, especially based on the rapid rate of rent escatation and the average worker wage in this area. I'm also lucky in that I can live anywhere and move if an area becomes too expensive. This won't be my first time doing moving because of cost or the economy. I'm a military brat so moving to a new area is an adventure for me, not a chore. But someone with kids can't do that. They're stuck trying to find a way to make ends meet when rents escalate as quickly as they have here.

[MN-Born-n-Raised]

Originally Posted by yukon

I've never asked my landlord to reduce the rent when rents went down. They're entitled to a profit like any other business.

If the rents around you fell and you didn't ask for a price decrease, then you donated some money to your landlord. I would have. During the next go around, make sure you ask!

[Nogi48]

I have been searching for a homeshare on CL, Roomster etc. and people want $7-800/mo for the basics. Sounds crazy to me!

[Burning Madolf]

Originally Posted by Nogi48

I have been searching for a homeshare on CL, Roomster etc. and people want $7-800/mo for the basics. Sounds crazy to me!

Why?

[yukon]

Originally Posted by Nogi48

I have been searching for a homeshare on CL, Roomster etc. and people want $7-800/mo for the basics. Sounds crazy to me!

Adding up average rent for 2 bedroom or more, plus utilities, or mortgage+utilities for a 2 bedroom place or more, $700-$800 is on the low end.

[timothyaw]

Just saw this article in my newsfeed: https://www.foxnews.com/us/silver-ts...ssness-phoenix

[dontbelievehim]

Originally Posted by yukon

I was talking with my new downstairs neighbor this evening, she moved in last month. When I moved here 2 years ago, the one bedroom units were $700 ($750 with a pool view). My neighbor's rent is $1100 and some change, pool views (which we are not) are $1260. When I moved in, two bedrooms were $850, new tenants are now paying $1300-$1500 depending on location.

Wanna remind me again how affordable Phoenix metro rents are?

Google rents for Merced, Madera, Fresno California
Should be cheaper than Phoenix and comes with slightly better weather. Rent is capped at 5% increase per year! Biggest con is air quality, but it's not a major issue unless you work outdoors or have bad lungs(actually, air is just slightly worse than Phoenix air, so not much change there)
Yes, there's less amenities, but it's a growing area, so expect a lot of improvements in that area.
If you do go there, look at getting a hybrid car or econobox car. Don't add to the problem.

Another spot is southern New Mexico. Dirt cheap, clear air, but not growing as quickly. Probably a sweet spot for retirees/soon to be retired

Plenty of sunny spots in the southwest, no need to overpay for that luxury. Cheers.

[Returning2USA]

Originally Posted by yukon

I was talking with my new downstairs neighbor this evening, she moved in last month. When I moved here 2 years ago, the one bedroom units were $700 ($750 with a pool view). My neighbor's rent is $1100 and some change, pool views (which we are not) are $1260. When I moved in, two bedrooms were $850, new tenants are now paying $1300-$1500 depending on location.

Wanna remind me again how affordable Phoenix metro rents are?

I'm priced out.

I don't want to risk moving to Phoenix now.

[jnojr]

Originally Posted by chahunt

Jnojr seems like a very charming individual. -_-

I live in the real world, which isn't always a very charming place.

I'm still waiting for anyone to refute the basic ground truth of what I say. Wringing your hands and shrieking that I'm not compassionate doesn't fix or change anything.