topic Re: New lease in Community Chat

New lease

LilacTree — Tue, 20 Dec 2016 17:32:05 GMT

My rent increased by $53 a month. Merry Christmas to me!

Guess we won't be living here too long.

Re: New lease

qualitygal — Tue, 20 Dec 2016 17:33:51 GMT

@LilacTree wrote:
My rent increased by $53 a month. Merry Christmas to me!

Guess we won't be living here too long.

Well that made me suck in air, I bet it did you too. That's horrible!!!

Re: New lease

Peaches McPhee — Tue, 20 Dec 2016 17:36:18 GMT

@LilacTree, what is the percent increase? Just nosy, I guess.

Re: New lease

cherry — Tue, 20 Dec 2016 17:39:27 GMT

@LilacTree that is a big jump. I am so sorry this has happened to you both.

Do you have any idea where you will go?

Re: New lease

LilacTree — Tue, 20 Dec 2016 17:48:30 GMT

@Peaches McPhee wrote:
@LilacTree, what is the percent increase? Just nosy, I guess.

@Peaches McPhee

I don't do percentages, Peaches, LOL! You tell me. My rent was $1814 and now it's $1867!!

I have to try to keep laughing. I am so tired of moving.

Re: New lease

CelticCrafter — Tue, 20 Dec 2016 17:49:44 GMT

That's a big increase.

My daughter just renewed her lease and hers went up $26, about 1.5%.

Re: New lease

SilleeMee — Tue, 20 Dec 2016 17:50:30 GMT

It's 3% increase. Sorry you have to move. I couldn't do it.

Re: New lease

Plaid Pants2 — Tue, 20 Dec 2016 17:50:37 GMT

My rent went up by $50 this year, too.

I still pay ridiculously little compared to what others pay, but still.....

Re: New lease

LilacTree — Tue, 20 Dec 2016 17:51:08 GMT

@cherry wrote:
@LilacTree that is a big jump. I am so sorry this has happened to you both.

Do you have any idea where you will go?

@cherry

I can hack it here for another year. Then I will have to move. My daughters say we'll cross that bridge when we come to it.

Re: New lease

Kachina624 — Tue, 20 Dec 2016 17:51:10 GMT

Figure how much it will cost you to move and see if it's worth it. Other apartments have undoubtedly gone up too.

Re: New lease

Hoovermom — Tue, 20 Dec 2016 17:51:44 GMT

@LilacTree wrote:
@Peaches McPhee wrote:
@LilacTree, what is the percent increase? Just nosy, I guess.
@Peaches McPhee
I don't do percentages, Peaches, LOL! You tell me. My rent was $1814 and now it's $1867!!

I have to try to keep laughing. I am so tired of moving.

Maybe you should buy a home with that money.

Re: New lease

Peaches McPhee — Tue, 20 Dec 2016 17:52:11 GMT

@LilacTree, ha! It is a 3% increase. Your rent is a high, so the percent increase is relatively low.

Good luck with your new budgeting.

Re: New lease

CelticCrafter — Tue, 20 Dec 2016 17:52:28 GMT

@LilacTree wrote:
@Peaches McPhee wrote:
@LilacTree, what is the percent increase? Just nosy, I guess.

I don't do percentages, Peaches, LOL! You tell me. My rent was $1814 and now it's $1867!!

I have to try to keep laughing. I am so tired of moving.

3% @LilacTree

Re: New lease

CrazyDaisy — Tue, 20 Dec 2016 17:54:08 GMT

Actually less than 3% increase. Not unrealistic depending on the housing market. Good luck with the move.

Re: New lease

KarenQVC — Tue, 20 Dec 2016 17:55:55 GMT

That is a lot of rent. After your daughter gets disability, you could each move into a subsidized building. Each have your own place.

Re: New lease

SilleeMee — Tue, 20 Dec 2016 17:57:38 GMT

@Hoovermom wrote:
@LilacTree wrote:
@Peaches McPhee wrote:
@LilacTree, what is the percent increase? Just nosy, I guess.
@Peaches McPhee
I don't do percentages, Peaches, LOL! You tell me. My rent was $1814 and now it's $1867!!

I have to try to keep laughing. I am so tired of moving.
Maybe you should buy a home with that money.

Buying a home for that much a month in mortgage payments PLUS other things that go with the cost of home ownership...I don't think it would be wise.

Re: New lease

LilacTree — Tue, 20 Dec 2016 17:59:24 GMT

When I called them about it, they said they do a study every year of all rentals in the area. Their increase was the "mean" for this area. So, no, I probably couldn't find anything livable for much less.

To think I was paying $650 in 2015 when I was living alone in my last apartment which was partially government-assisted and the utilities were zero. I am going to call them and ask if I can be put on their list again if I qualify. I have to bring my daughter with me and she's only 53 . . . it's a 62 and over residence. If I remember correctly, the answer will be no.

Re: New lease

LilacTree — Tue, 20 Dec 2016 18:01:33 GMT

@KarenQVC wrote:
That is a lot of rent. After your daughter gets disability, you could each move into a subsidized building. Each have your own place.

@KarenQVC

Disability is still pending. She was already turned down once.

Re: New lease

Moonchilde — Tue, 20 Dec 2016 18:34:37 GMT

@SilleeMee wrote:
It's 3% increase. Sorry you have to move. I couldn't do it.

Rent prices/the going rate are regional. What seems incredibly high to one person is normal/average to another. It depends on the cost of living in your state/city.

When I lived in the City of LA, i.e. within the city limits, not a suburb or separately incorporated town, my rent was raised 3% every year like clockwork because that was the maximum amount allowed and every landlord took advantage of it. There were far more people wanting to rent than there were apartments. I'm sure that when I left the rent for my apartment went up at least $200/mo.

I was fortunate to be able to leave when I did, as I would soon have been in the same boat as the OP but having nowhere to move TO. My income was increasing while I was working, but so was electricity, gasoline, cable, food, etc.

In order to move one needs first and last and security deposit as well as paying for movers. Not everyone has half a dozen friends eager to help for free. So needing to move and being able to move are not always the same thing. I had calculated that moving to another apt in the city would cost me about $4-5,000 and my rent would be no less, I'd just have to live in one room. So I stayed put and dealt with the rent increases, but there does come a time when you reach your absorption limit financially.

Re: New lease

ccassaday — Tue, 20 Dec 2016 18:30:09 GMT

That is a lot of money to be paying for rent. If you already are paying $1814 is $53 dollars really a make it or break it.