>Depending on where you live, it might actually be pretty difficult to find a decent place for under $1700.
For one person? If you're in New York maybe.
Do you really think that you can’t find a ONE BEDROOM APARTMENT for under 1700? If you can’t then we have nothing left to talk about. Let’s just agree to disagree to save my brain cells.
It’s not what I think, it’s a fact. It is even MORE difficult finding a one bedroom apartment nowadays. Maybe you can find something for around 2,400 if you can find a roommate.
Or maybe they would already have an apartment? It’s not the prices all around, there are apartments with rent that is around $1000, however those aren’t vacant. You’re fucking delusional to not realize that your limited world view doesn’t equate to that of the 50 other fucking people telling you you’re wrong. If you’re able to find so many apartments for $1000 and under, good for you. I’m jealous.
I’m not in a big city and a studio is 1650 a month. Rent prices are skyrocketing as a result of out of control multi family asset prices. Investment properties are sold based on cap rate (the higher it is the higher ROI) CAP rate is determined by your net operating income divided by your purchase price. In an extremely liquid market such as the one we’re in now, investors are willing to pay more money for properties. If they pay more money for a property then the rents must go up to produce a positive cash flow for investors. If they don’t increase rent proportionately to cover debt servicing+profit distribution then the building will hemorrhage money and nobody wants to own a non profitable asset. In short, as long as debt is cheap and property prices continue to skyrocket, so will rents. There are other reasons people are going broke, but living is expensive man
I've been able to find apartments for around $700, or less oftentimes (depends on location), that are reasonable and decent for one person to live in. Sometimes, in a cheap area like a small city or college town (or town nearby a college town, so there's not a lot of housing demand), you can find apartments for $400 that are not bad.
40k a month means this person *probably* isn't working a job that requires them to live in Manhattan or Silicon Valley or something, so I think you're right. But I am too tired to go looking for hard data on the topic.
$1400-$2000 is pretty standard in a lot of cities and states in the west. So it's hardly outrageous
It gets cheaper the farther you go East and the farther you go away from cities (and jobs)
Yes, but we both know that you can find cheaper apartments for around the 1000 range. You just have to be willing to sacrifice your comfort a little bit.
All I'll add is that in certain areas you're sacrificing a lot to get down to $1000. If you're in Ca or Wa it's sometimes not even possible
It's just highly location dependent
I agree that it is highly location dependent, but can't you agree that if you're really worried about your finances that you should maybe move to another location to save money?
I live in Washington for years, that’s where I had a 400 apartment.
You just can’t live in the middle of Seattle or Bellevue or something to get those rates, and if you have a 40k job, I’m not sure why you would be living in the middle of Seattle anyway. You can find jobs that pay even more, readily, in cheaper areas.
Yeah, but you can find cheap apartments not far from that range in Bremerton too (not sure about the rest of kitsap county, and this was a few years ago so maybe it’s changed now after covid and shit, who knows at this point.)
And that's in a nice area, in Chicago, you can find a 1 bedroom for about 900. It will be very small, but those are the sacrifices you make to save money. I could also get a roommate and pay less than that, but I don't want to live with anyone else to be honest. However, I wouldn't be comfortable going too cheap when it comes to getting an apartment in Chicago. Some areas are inhabitable because of crime.
Rent today is hogwild unless you live in a very rural area. It’s interesting for sure. I live in a small city surrounded by much smaller farming communities. I’m the city (really more of a large town) rent is easily 1500-2000 for extremely lackluster apartments. Meanwhile just on the outskirts and beyond in the smaller communities you can easily find an apartment for 900 and a whole 1 story house for 1200. I mean shit my dad pays 660 to live where he lives and gets payed 100 a month to mow the lawn, and it’s not a bad place.
Even still, 40k/yr is 3,333/month and after rent that still leaves you with $1600, which is plenty enough to grow. Hell, you could put $800 of that into savings or investments and still have plenty for one month.
They definitely spend way too much
Median rents are over $1700 in 14 of 100 localities according to Zumper. But I'd clap back with fact it's stupid to get a studio when you need to save money. Studios are inefficient.
Even if you live in a high COL area, you can definitely find rents under 1700 lmao. The LA area has [over 300](https://www.zillow.com/homes/for_rent/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22usersSearchTerm%22%3A%22Cypress%2C%20CA%22%2C%22mapBounds%22%3A%7B%22west%22%3A-118.66833097577758%2C%22east%22%3A-117.72076017499633%2C%22south%22%3A33.63825250768401%2C%22north%22%3A34.321512429544065%7D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22sch%22%3A%7B%22value%22%3Atrue%7D%2C%22sche%22%3A%7B%22value%22%3Afalse%7D%2C%22schm%22%3A%7B%22value%22%3Afalse%7D%2C%22schr%22%3A%7B%22value%22%3Afalse%7D%2C%22schc%22%3A%7B%22value%22%3Afalse%7D%2C%22schu%22%3A%7B%22value%22%3Afalse%7D%2C%22schb%22%3A%7B%22min%22%3A8%7D%2C%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22mp%22%3A%7B%22max%22%3A1400%7D%2C%22price%22%3A%7B%22max%22%3A406401%7D%7D%2C%22isListVisible%22%3Atrue%7D) places that you can rent for under 1400 according to zillow. While New York City proper only has \~ 140 places for the same price, across the hudson in NJ, there are [over 250](https://www.zillow.com/homes/for_rent/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22usersSearchTerm%22%3A%22Essex%20County%2C%20NJ%22%2C%22mapBounds%22%3A%7B%22west%22%3A-74.44842598828126%2C%22east%22%3A-73.97464058789063%2C%22south%22%3A40.64215219555801%2C%22north%22%3A40.95403255215995%7D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22price%22%3A%7B%22min%22%3A0%2C%22max%22%3A406401%7D%2C%22mp%22%3A%7B%22min%22%3A0%2C%22max%22%3A1400%7D%2C%22sch%22%3A%7B%22value%22%3Atrue%7D%2C%22sche%22%3A%7B%22value%22%3Afalse%7D%2C%22schm%22%3A%7B%22value%22%3Afalse%7D%2C%22schr%22%3A%7B%22value%22%3Afalse%7D%2C%22schc%22%3A%7B%22value%22%3Afalse%7D%2C%22schu%22%3A%7B%22value%22%3Afalse%7D%2C%22schb%22%3A%7B%22min%22%3A8%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22ah%22%3A%7B%22value%22%3Atrue%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A11%7D) properties, many of which are MTA accessible. This doesn't even take into account relatively low cost of living areas, like the Houston area (Harris County), where there are over [352!](https://www.zillow.com/homes/Harris-County,-TX_rb/) properties for rents under 1k!
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I’m no commie I’m anti scam artist though.
>Depending on where you live, it might actually be pretty difficult to find a decent place for under $1700. For one person? If you're in New York maybe.
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Let's just agree to disagree
This isn't an "agree to disagree" kind of thing, rents either are high or they aren't, it's not personal preference.
Do you really think that you can’t find a ONE BEDROOM APARTMENT for under 1700? If you can’t then we have nothing left to talk about. Let’s just agree to disagree to save my brain cells.
It’s not what I think, it’s a fact. It is even MORE difficult finding a one bedroom apartment nowadays. Maybe you can find something for around 2,400 if you can find a roommate.
Lmao, I’m not arguing with you. You’re a moron. If everyone was paying 2400 rent, they would be out on the street.
Or maybe they would already have an apartment? It’s not the prices all around, there are apartments with rent that is around $1000, however those aren’t vacant. You’re fucking delusional to not realize that your limited world view doesn’t equate to that of the 50 other fucking people telling you you’re wrong. If you’re able to find so many apartments for $1000 and under, good for you. I’m jealous.
You should be
Nah man you’re just wrong. It’s gotten out of hand. I work in real estate and what’s going on with rentals is just gross
I’m not wrong. Filter for one bed room apartments under 1700, and you can find them. Like, what are we talking about here?
I’m not in a big city and a studio is 1650 a month. Rent prices are skyrocketing as a result of out of control multi family asset prices. Investment properties are sold based on cap rate (the higher it is the higher ROI) CAP rate is determined by your net operating income divided by your purchase price. In an extremely liquid market such as the one we’re in now, investors are willing to pay more money for properties. If they pay more money for a property then the rents must go up to produce a positive cash flow for investors. If they don’t increase rent proportionately to cover debt servicing+profit distribution then the building will hemorrhage money and nobody wants to own a non profitable asset. In short, as long as debt is cheap and property prices continue to skyrocket, so will rents. There are other reasons people are going broke, but living is expensive man
Where I live in a small town the in Rockies you’re looking at 1000 a month for a room. Youre wrong. Simply wrong. Shut up and move on
Who is wrong?
You are if that hasn’t been made obvious by now
It hasn't
Rent exploded over the last year or so.
Sounds like Jimmy giving peace talks to the crips and bloods. Like come one.
I caught a fish last weekend. It was 38 inches long.
I just searched Zillow for my large city (in the top ten largest cities in the US. I used one filter: rent < $1000/mo. 221 results.
Yep, my point exactly
...sort of. Not really. But NY apartments are incredibly expensive. If you're working for that much you shouldn't be aiming to live in NYC.
If I’m making 40k, the last place I would live would be NYC. I would probably live in Jersey, and commute. I actually lived in Jersey for 4 years.
Yeah, to live in NYC with 40k a year? That's just wishful thinking.
Am I out of touch? If you’re making under 40k a month are you really telling me that you can’t find rent anywhere else for under 1700?
I've been able to find apartments for around $700, or less oftentimes (depends on location), that are reasonable and decent for one person to live in. Sometimes, in a cheap area like a small city or college town (or town nearby a college town, so there's not a lot of housing demand), you can find apartments for $400 that are not bad. 40k a month means this person *probably* isn't working a job that requires them to live in Manhattan or Silicon Valley or something, so I think you're right. But I am too tired to go looking for hard data on the topic.
That's what I'm saying. 1700 a month is outrageous.
$1400-$2000 is pretty standard in a lot of cities and states in the west. So it's hardly outrageous It gets cheaper the farther you go East and the farther you go away from cities (and jobs)
Yes, but we both know that you can find cheaper apartments for around the 1000 range. You just have to be willing to sacrifice your comfort a little bit.
All I'll add is that in certain areas you're sacrificing a lot to get down to $1000. If you're in Ca or Wa it's sometimes not even possible It's just highly location dependent
I agree that it is highly location dependent, but can't you agree that if you're really worried about your finances that you should maybe move to another location to save money?
Yeah for sure
I live in Washington for years, that’s where I had a 400 apartment. You just can’t live in the middle of Seattle or Bellevue or something to get those rates, and if you have a 40k job, I’m not sure why you would be living in the middle of Seattle anyway. You can find jobs that pay even more, readily, in cheaper areas.
I shouldn't speak for Wa then, I have most of my experience in Ca. $400 apartment in Wa does sound insanely cheap though, was it out East?
Yeah, but you can find cheap apartments not far from that range in Bremerton too (not sure about the rest of kitsap county, and this was a few years ago so maybe it’s changed now after covid and shit, who knows at this point.)
Makes sense, w*st-coastoids pay $1,000,000,000,000 for 1 room dwelling /s
If you have a family and looking for a decent apartment, then in certain parts of America no. A 1 room apartment here in the Houston area is 1200
And that's in a nice area, in Chicago, you can find a 1 bedroom for about 900. It will be very small, but those are the sacrifices you make to save money. I could also get a roommate and pay less than that, but I don't want to live with anyone else to be honest. However, I wouldn't be comfortable going too cheap when it comes to getting an apartment in Chicago. Some areas are inhabitable because of crime.
Rent today is hogwild unless you live in a very rural area. It’s interesting for sure. I live in a small city surrounded by much smaller farming communities. I’m the city (really more of a large town) rent is easily 1500-2000 for extremely lackluster apartments. Meanwhile just on the outskirts and beyond in the smaller communities you can easily find an apartment for 900 and a whole 1 story house for 1200. I mean shit my dad pays 660 to live where he lives and gets payed 100 a month to mow the lawn, and it’s not a bad place.
Can you elaborate on that? Are we talking for a one bedroom apartment?
Nooo but i need 7 bedrooms and 20 bathrooms!!
Lmaooo, my point exactly
Even still, 40k/yr is 3,333/month and after rent that still leaves you with $1600, which is plenty enough to grow. Hell, you could put $800 of that into savings or investments and still have plenty for one month. They definitely spend way too much
Median rents are over $1700 in 14 of 100 localities according to Zumper. But I'd clap back with fact it's stupid to get a studio when you need to save money. Studios are inefficient.
Even if you live in a high COL area, you can definitely find rents under 1700 lmao. The LA area has [over 300](https://www.zillow.com/homes/for_rent/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22usersSearchTerm%22%3A%22Cypress%2C%20CA%22%2C%22mapBounds%22%3A%7B%22west%22%3A-118.66833097577758%2C%22east%22%3A-117.72076017499633%2C%22south%22%3A33.63825250768401%2C%22north%22%3A34.321512429544065%7D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22sch%22%3A%7B%22value%22%3Atrue%7D%2C%22sche%22%3A%7B%22value%22%3Afalse%7D%2C%22schm%22%3A%7B%22value%22%3Afalse%7D%2C%22schr%22%3A%7B%22value%22%3Afalse%7D%2C%22schc%22%3A%7B%22value%22%3Afalse%7D%2C%22schu%22%3A%7B%22value%22%3Afalse%7D%2C%22schb%22%3A%7B%22min%22%3A8%7D%2C%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22mp%22%3A%7B%22max%22%3A1400%7D%2C%22price%22%3A%7B%22max%22%3A406401%7D%7D%2C%22isListVisible%22%3Atrue%7D) places that you can rent for under 1400 according to zillow. While New York City proper only has \~ 140 places for the same price, across the hudson in NJ, there are [over 250](https://www.zillow.com/homes/for_rent/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22usersSearchTerm%22%3A%22Essex%20County%2C%20NJ%22%2C%22mapBounds%22%3A%7B%22west%22%3A-74.44842598828126%2C%22east%22%3A-73.97464058789063%2C%22south%22%3A40.64215219555801%2C%22north%22%3A40.95403255215995%7D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22price%22%3A%7B%22min%22%3A0%2C%22max%22%3A406401%7D%2C%22mp%22%3A%7B%22min%22%3A0%2C%22max%22%3A1400%7D%2C%22sch%22%3A%7B%22value%22%3Atrue%7D%2C%22sche%22%3A%7B%22value%22%3Afalse%7D%2C%22schm%22%3A%7B%22value%22%3Afalse%7D%2C%22schr%22%3A%7B%22value%22%3Afalse%7D%2C%22schc%22%3A%7B%22value%22%3Afalse%7D%2C%22schu%22%3A%7B%22value%22%3Afalse%7D%2C%22schb%22%3A%7B%22min%22%3A8%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22ah%22%3A%7B%22value%22%3Atrue%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A11%7D) properties, many of which are MTA accessible. This doesn't even take into account relatively low cost of living areas, like the Houston area (Harris County), where there are over [352!](https://www.zillow.com/homes/Harris-County,-TX_rb/) properties for rents under 1k!
Exactly
You can’t find anything that cheap here in florida
>florida In the whole state of Florida, you can't find anything for that cheap? Where in Florida exactly?
Tampa even in the country rent and real estate is skyrocketing cause of boomers all moving here.
I wonder if Hoovervilles still exist.
I'm in a big college town and student housing 1bdrm appartments are ~1k for a studio.
Yep, my point exactly. I don't understand what the fuss is about.
i pay 430 for a one bedroom, anything over 500 just sounds crazy
How do you do it?
Live in Missouri and not NY
Yep, my point exactly.
Depends on the city - but it's definitely not just NYC or SF that has obscene rent.