The Cost of Renting (Is Too Damn High!)

[FunInTheSunParticipant 8283]

$3000 a month for a one bedroom apartment? Are you kidding me? Even if I was rich, I’d still be shocked to see that price. If you want to live it up in New York City or San Francisco, you’re going to have to find a job with a great salary.

I consider myself lucky to find a low rent apartment. When I visited my sister last month, she said her rent increased about $200 a month in one year. Her apartment looks beautiful, though. I live in California, and many cities advertise one bedroom apartments that are between $1000 to $1500 a month. I feel sorry for people who are fresh out of high school and want to escape from their parents. If they can only get a minimum wage job, they may have to rent a room in someone’s house (I did this for 9 years) or find some roommates. I think many young adults will not be able to afford the same standard of living they had while living with their parents until they get about a decade of work experience and pay raises.

In the future: I see an opportunity to make some money. I could buy a really cheap house, spend a few thousand dollars to make it look nice, and then rent it for less than the luxury apartments. I think more people will be living in rural communities with cheaper land and housing prices. They’ll drive 2 to 3 hours to work in a large city. Anyone who can provide affordable housing in high rent areas should be able to make a profit these days.

Interesting articles:

https://www.apartmentlist.com/rentonomics/national-rent-data/

http://www.bloomberg.com/news/articles/2016-03-24/it-s-getting-harder-to-pay-the-rent-in-america

"I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win-and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was ‘No.’" (Atlas Shrugged)

[Nathan R. JessepParticipant 1102]

“I think more people will be living in rural communities with cheaper land and housing prices. They’ll drive 2 to 3 hours to work in a large city. ”

I see this happening soon with driverless cars where you can relax and read MGTOW on your commute.

[TattooDaveParticipant 6952]

This is exactly why myself and thousands of men have moved to the desert Southwest. Not only is it a beautiful climate most of the year but it’s very man friendly. Sure you have pockets of insurgents but seriously I have lived here for 25 years found it to be the best communities I could have chosen. We are still free as far as Firearms go in Arizona

I can see their heads have been twisted and fed with worthless foam from the mouth. Bob d

[Anonymous 3]

That monthly 1500$ or 3000$ is extreme high! How the hell can any people pay that? Are US salaries that high? Or capitalism (supply and demand) is not working? I mean, is there anyone who wants to pay that much? Or there is no price tag competition among landlords? Or traffic jam is so bad, that there is no option to commute a few ten miles more?

Asking that, while I’m living like a king with earning equivalent of 1000$ a month, but it’s far away from US, in the backyard of Europe. My rent is approximately 200$ a month for 40 square meters in the middle of a small city of 200k people.

Seriously, what do you guys to that much better that you can earn that much and pay these expensive things?

[Anonymous 42]

Grab a tent and move down the street from C-Pig in C-Pig’s TENT CITY!

Or squat on abandoned homes in the North East all the way to the Midwest! Those suckers left for places South like C-Pig’s TENT CITY!

Hugo Chavez, eat your heart out, no one f~~~s things up better than the U.S.A.! NO ONE!!! We’re #1!!!!

[narwhalParticipant]

FunInTheSun wrote:

I think more people will be living in rural communities with cheaper land and housing prices. They’ll drive 2 to 3 hours to work in a large city. Anyone who can provide affordable housing in high rent areas should be able to make a profit these days.

That’s only part of the story. Yes, people move further out for cheaper $/sqft (rent or own), but they also move further out because the neighborhood turns to crap and they no longer want to live there. That’s what I see in Houston anyway. There is central core of mostly expensive housing close to town, following by a ring or really bad neighborhoods no body wants to live in, followed by the middle class neighborhoods. As the ring of bad neighborhoods expands, the middle class moves further out.

What’s sort of strange is that the suburbs are so far out that the become small cities in their own right. Not just in retail and basic entertainment, but whole corporations are migrating out of the main city directly to the suburb where the employees are. It’s not far fetch to imagine a future where whole cities die while the suburbs become the new cities.

Ok. Then do it.

[TuneoutParticipant]

Country life is way more affordable and preferable to the over crowded,polluted,crime ridden sewers known as cities.

Try to find employment in a small town so you can avoid them all together.

Besides when the s~~~ really hits the fan you WANT to be in the wide open country side,not stuck in a hell hole of a city thats just gonna get worse.

Lifes a bitch,but you don't have to marry one!

[RumpoleParticipant 994]

Remember this guy who ran for governor of New York in 2010?

[BeerParticipant 11832]

Anonymous wrote:

That monthly 1500$ or 3000$ is extreme high! How the hell can any people pay that? Are US salaries that high? Or capitalism (supply and demand) is not working?

Well supply and demand is working. If you want to live in a downtown city area where there are lots of people and limited living space…you have low supply high demand so as long as vacancy rates remain low they can raise rents perpetually. Most of the country you can find decent 1 bedroom apartments for under 1k a month.

Anonymous wrote:

My rent is approximately 200$ a month for 40 square meters in the middle of a small city of 200k people.

200 bucks a month here wouldn’t even cover taxes and insurance.

FunInTheSun wrote:

When I visited my sister last month, she said her rent increased about $200 a month in one year.

Ughh…f~~~ that, that is why when the buy vs rent debate comes up I’m on the buy side. My cost for me to live in my condo has gone up 10 dollars a month over the last 4 years because my taxes went up a bit. Your sister was almost 10x that in a single year lol. That is a hell of a lot better than some landlord who’s probably got a dozen units jacking your rent up because if you don’t pay it there is a waiting list to get in. I mean…I can’t fault the guy for wanting to make money, I’d be doing the same thing too if I was land lording, but he sure as hell isn’t making money on my back.

[DarkRyuParticipant 2354]

No s~~~. The average apartment here is about $1200/month, and most decent houses are $2,500/month. You can rent a house for $1800/month, but it’s going to be an absolute s~~~ hole. It’ll be 70 years old and it hasn’t had a CENT put into it ever since it was purchased. Gross as f~~~.

Sad thing is, a few years ago a decent house was only about $1600/month. It’s gone up $900/month over the last few years alone! I’m so glad I own my home!

[GnosticParticipant 2491]

http://www.businessinsider.in/A-23-year-old-Google-employee-lives-in-a-truck-in-the-companys-parking-lot-and-saves-90-of-his-income/A-23-year-old-Google-employee-lives-in-a-truck-in-the-companys-parking-lot-and-saves-90-of-his-income/slideshow/49473305.cms

There is no magic in MGTOW, just recognition of the truth and logical decision how to avoid dangers. The red pill is but the truth, it is no magical potion. Do not think in this modern world men have no longer have natural enemies, men are prey to women and government.

[ResidentEvil7Participant 9547]

The house I live in with my dad now is only $1,700 a month in his mortgage and it’s in a good safe town west of Chicago. The thing is, he bought this house back in 2003 when the interest rates were low.

Last fall when I saw a house I REALLY wanted if I had a job and enough money going for $250K ($50K down payment) and it was built in 1988 and looks WONDERFUL; a real man’s house. If I had a job and enough money, I would nailed that house. F~~~ management for not letting me work, which I have a right to do, more right than some of these immigrants!

https://themanszone.webs.com/

[FunInTheSunParticipant 8283]

Rumpole wrote:

Remember this guy who ran for governor of New York in 2010?

Yep. And the damn rent got higher in NYC since then!

"I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win-and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was ‘No.’" (Atlas Shrugged)

[FunInTheSunParticipant 8283]

That van is work of art. Sometimes I think about buying a cheap lot and an old RV. I’d just pay for property taxes, food, water, and a cell phone bill.

"I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win-and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was ‘No.’" (Atlas Shrugged)

[Anonymous 3]

Beer wrote:

Darth Peter wrote:

That monthly 1500$ or 3000$ is extreme high! How the hell can any people pay that? Are US salaries that high? Or capitalism (supply and demand) is not working?

Well supply and demand is working. If you want to live in a downtown city area where there are lots of people and limited living space…you have low supply high demand so as long as vacancy rates remain low they can raise rents perpetually.

What I think, when I say, that it’s not working, I mean:
1. Why isn’t anyone building new apartments, if they are so profitable? (it is in theory possible to just build bigger skyscrapers instead of current buildings, isn’t it?)
2. For those who don’t want to pay that much and choose longer commute: they demand for better faster public transport and roads with less traffic jam and potholes, maybe even want to pay for using it, why is no one investing into that? So that there would be a greater competition between downtown and agglomeration?

[Mr. CrowleyParticipant 384]

My rent is crazy high. I can afford it because i’m good with money and am single. I also work a trade with a good income. Kids exiting school in this new service economy are told the only way to live is through education and office jobs. You know, the same office jobs that are being exported at alarming rates?

Good luck, college grads! You have to be highly educated to be as dumb as you are, let me tell you.

Punks- Not Feeling Lucky Since 1971

[BeerParticipant 11832]

Anonymous wrote:

1. Why isn’t anyone building new apartments, if they are so profitable? (it is in theory possible to just build bigger skyscrapers instead of current buildings, isn’t it?)

They are…its just not exactly a cheap or quick process to empty an existing building, demolish and remove it, and replace it with a multi billion dollar new building. Plus I’m sure there are zoning restrictions and all kinds of regulations and government bulls~~~ to go along with it.

Anonymous wrote:

2. For those who don’t want to pay that much and choose longer commute: they demand for better faster public transport and roads with less traffic jam and potholes, maybe even want to pay for using it, why is no one investing into that? So that there would be a greater competition between downtown and agglomeration?

Its public transport and public roads…the government kinda has a monopoly on those things.

You gotta remember…its only desirable cities that rent is ridiculous. There are cities that are selling buildings for a dollar because the alternative is they are just going to end up sitting empty and rotting. If you want the city life without high rent you could just move somewhere like Detroit.

[FunInTheSunParticipant 8283]

Beer wrote:

you could just move somewhere like Detroit.

"I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win-and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was ‘No.’" (Atlas Shrugged)

[SOLI2DEParticipant 746]

I stay across the bridge from SF in the eastbay and found a SRO(single room occupancy) for $640 per month. Perfect for me and short walking distance to everything I need. Once I pay off this CC debt(under 5k) I’ll be stacking 1k per month. Plus I have apps that “steal” from me like Acorns investing,Stash, and Digit. I invest $5 a day with Acorn, $25 per week with Stash and Digit scans according to the best time. I messed up by getting with a braud that bled me financially but I’m done and back on track.No way imma move into a studio or one bedroom in the Bay Area. Rather save for years and move to where I can buy property and build myself one of those tiny homes

“Do not give your strength to women, nor your ways to that which destroys kings.” -Proverbs 31:3-

[FunInTheSunParticipant 8283]

SOLI2DE wrote:

Rather save for years and move to where I can buy property and build myself one of those tiny homes

Good idea. I’m planning to have my own land and rentals when I’m done with this rat race.

"I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win-and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was ‘No.’" (Atlas Shrugged)

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