Community Chat

[Hoovermom]

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@LilacTree wrote:

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@Peaches McPhee wrote:

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

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@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.

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Maybe you should buy a home with that money.

[Peaches McPhee]

@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.

[CelticCrafter]

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@LilacTree wrote:

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@Peaches McPhee wrote:

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

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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.

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3% @LilacTree

[CrazyDaisy]

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

[KarenQVC]

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

[SilleeMee]

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@Hoovermom wrote:

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@LilacTree wrote:

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@Peaches McPhee wrote:

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

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@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.

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Maybe you should buy a home with that money.

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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.

[LilacTree]

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. 

[LilacTree]

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@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.

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@KarenQVC

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

[Moonchilde]

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@SilleeMee wrote:

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

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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.

[ccassaday]

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.