EvanBenner
Well-Known Member
This Wisconsin boy in Chicago is feeling pretty good about both homes tonight.
Lease Duration | Rent |
1 Month | $9,504.00/Mo |
2 Months | $2,744.00/Mo |
3 Months | $6,328.00/Mo |
4 Months | $3,487.00/Mo |
5 Months | $2,256.00/Mo |
6 Months | $2,198.00/Mo |
7 Months | $3,157.00/Mo |
8 Months | $4,126.00/Mo |
9 Months | $2,801.00/Mo |
10 Months | $2,282.00/Mo |
11 Months | $2,066.00/Mo |
12 Months | $2,780.00/Mo |
13 Months | $2,053.00/Mo |
WTF?? This makes no sense. You can sign an 8 month lease for $4.1K or a 6 month lease for $2,2K. This makes NO sense.Algorithms really need to be removed from setting rent prices. This shit should be illegal.
Just got my lease renewal offer and it's all over the place.
Lease Duration Rent 1 Month $9,504.00/Mo 2 Months $2,744.00/Mo 3 Months $6,328.00/Mo 4 Months $3,487.00/Mo 5 Months $2,256.00/Mo 6 Months $2,198.00/Mo 7 Months $3,157.00/Mo 8 Months $4,126.00/Mo 9 Months $2,801.00/Mo 10 Months $2,282.00/Mo 11 Months $2,066.00/Mo 12 Months $2,780.00/Mo 13 Months $2,053.00/Mo
I know the AI is supposed to maximize rent and move peoples lease terms to benefit them by moving availability of units around. But those swings in the Rent are just wild. Also, a 2 month lease is less than a 12 month
Also, Pet Rent went up from $35 a month per cat and $45 a month per dog to $70 a month per cat and $90 a month per dog. Your pets have to be disclosed on your lease and are an additional monthly fee on top of the pricing I posted above.
This still remains to be some of the cheapest rates around Salem for a 1 Bedroom apartment.
These types of rates make living in Ohio worth it.WTF?? This makes no sense. You can sign an 8 month lease for $4.1K or a 6 month lease for $2,2K. This makes NO sense.
I will say that the downtown area of Columbus is unfortunately on par with that $2k or more a month for what look like shoe-box 2 bedYep. The lowest of these rates is 2x my current mortgage for a 2800+ square foot home with a yard and 2-car garage. @RenegadeMonster you are singularly skilled at making the Boston metro area sound like an incredibly shitty place to live.
I will say that the downtown area of Columbus is unfortunately on par with that $2k or more a month for what look like shoe-box 2 bed
1 bath. That also gets you the privilege of getting your car regularly broken into and digging through an overflow of Amazon packages in the mailrooms. Or at least that what the google reviews for the last few new developments say.
And it only serves to feed the investors with huge pockets that come in and buy the houses to then rent them at a profit.Yup, this is the case in many areas across the country. And it's only going to get worse.
Because of inflation and interest rate hikes the number of Americans who can afford to buy a home, especially first time buyers, is shrinking as they are priced out of the market. This is forcing them to rent and there simply are not enough rental units available. Supply and demand. Rent is trending to be more expensive than buying. But people can't buy because the banks won't approve their mortgages citing they are out of potential buyers budget / too risky.
And it only serves to feed the investors with huge pockets that come in and buy the houses to then rent them at a profit.
Pretty much my brother and his fiancee's experience living off Short North in CBus. Her car was stolen and totaled last year.I will say that the downtown area of Columbus is unfortunately on par with that $2k or more a month for what look like shoe-box 2 bed
1 bath. That also gets you the privilege of getting your car regularly broken into and digging through an overflow of Amazon packages in the mailrooms. Or at least that what the google reviews for the last few new developments say.
What's funny is now I feel like the poor person in the neighborhood since I paid half as much as the new neighbors. Granted their house was updated before they bought, but still. To afford a nearly 1/2 million dollar home at these interest rates, you gotta have some coin or a horrible understanding of personal finance.Yeah, same here I suppose. I also have to pinch myself sometimes to remember that what I paid for my house in 2008 is nowhere near what it would be listed at if I was trying to buy it today (much less how much over listing I'd probably have to pay).
Edit: but Salem/Boston still sounds awful.
What's funny is now I feel like the poor person in the neighborhood since I paid half as much as the new neighbors. Granted their house was updated before they bought, but still. To afford a nearly 1/2 million dollar home at these interest rates, you gotta have some coin or a horrible understanding of personal finance.
Good god, are there graduated mortgage repayment terms like student loans?Depending on just how bad you really are with your finances, that may not even be true.
The one and only time I went with an ARM was when rates were still tanking and I was planning on selling in the next two years. I think we were able to get like 2.2% on that bad boy in 2014. It was a 3/1 so we were locked in for those three years. It also helped us get rid of PMI for those two years. Now that was some sound financial advice.Oh yes.
My constant thought process when looking at the nearly 2mil homes in the Seattle area. Fully resigned myself to never upgrading homes.To afford a nearly 1/2 million dollar home at these interest rates, you gotta have some coin or a horrible understanding of personal finance.
My bro in law wanted a house so badly last year, that he bid 100K over asking price. It was already under contract, but within the time frame of attorney review. The rest of my husband's family was like WTF dude? Seriously???I mean that's the mystery to me. There are SO MANY homes going for cash so far above asking...where is all this liquidity coming from in a country where a significant percentage of people couldn't handle an emergency $500 expense? Some of it is explained by speculators and stuff, but that can't account for all of it.
I'm definitely getting there. I have been trying to buy much more local products, produce, dairy and meat which does help some with cost control.Also raise your hand if your family food costs have now outstripped your mortgage payments...
Soooooo, it's a bunch of people that bought houses when they were much cheaper, that's how they can afford it...My bro in law wanted a house so badly last year, that he bid 100K over asking price. It was already under contract, but within the time frame of attorney review. The rest of my husband's family was like WTF dude? Seriously???
ETA: they have no kids, no real expenses and paid off the mortgage on their previous home at least 20 years ago. Sold that home for a nice profit about 2 years ago.