It's happening where I currently live. They're raising rent by about $300 - $400 a month. I'm currently paying $1,450 for a 1 bedroom apartment. In September, if I stay, it'll be about $1800.
I hope you come to your senses and move out of that environment. I wonder if anyone still renting has missed the window of low interest rates. I got a house last year for 2.99% interest.
A huge increase in interest rates may cause the housing market crash and reset that's inevitable at this point. I'm sure Blackrock and the rest of the tribe will be scooping up more and more properties once that happens.
The median income required to buy a "house" where I live is rapidly approaching $150,000. Unfortunately, I don't make 6 figures yet. At best, I'll have to buy a condo or a townhome.
A condo is still essentially apartment living, but with a large financial investment. Fuck that. Move to somewhere that actual houses with land are cheap. I grew up Around tacoma / seattle, shit was crazy expensive. Got my shit together and moved away, bought a house on some acreage in the woods where i can shoot guns, do whatever the fuck i want, no niggers around, all white people. Have a lifetime supply of firewood and all sorts of wild game to eat right on my own land, and my mortgage, property taxes, and insurance together is half what id pay to rent a shithole ghetto studio apartment in the puget sound. Way better life, and way cheaper to live. If the place you live is unaffordable, move.
My wife and I make about 145k a year together. I make double what she makes. Our house was 270k but was in a state of neglect. A move in ready house 200 sqft smaller than ours sold for 367k. You could save yourself a ton of money if you have some basic repair skills.
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