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I was paying 400 for one bedroom in 2000. Now my apartment is 1800 which is about 60% of my income. The future is bullshit
Same hat kinda, around year 2000 I was paying $600 for a nice 2BR apartment.
I'm now paying $1600 for a 1BR in a shitty neighborhood. I make better money now but still.
Not "but still."
It should be "and this is the reward I get for my success? My contributions to my society? Bullshit."
Yee we're all getting fucked but what can we do rent ain't getting cheaper. Best case is holdout for the next housing market crash or better interest rates.
I'll buy a home in the next couple years regardless, it just sucks it took this long. I was making good money from age 28-35, then laid off and making less but I worked my way up again at 37 but that speedbump derailed any long term plans I had.
I'm renewing on my current lease, taking over a 2bd for 2400 after my roommate moved out. 1bd in the same complex is going for 2200 for new renters, and its on the low end for my area. Quite frankly I don't understand how apartments are finding tenants, does everyone just coincidentally make 150k+?