Political Discussion
- Thread starter David A.
- Start date
Dtknuckles
Well-Known Member
This type of housing instability create communities that don’t trust each other. Family’s that keep moving from apartment to apartment never develop ties to the community. It creates a sense of isolation, the depression and loneliness of modern life.
Not luxury at all. Basically, they don't want people doing month to month. Surprisingly, I know of people in my complex going it. Usually people who have moved from other state temporarily for work or need a place to stay until they can move into a new house they are waiting on. There is also this 86 year old retired real estate agent who is doing month to month. She's like I got the money, it's not an issue for me. She's like I could die at any time. I don't need a long lease. She's been here for 6 years.
My apartment building has been her for 20 years or so no. Before they started all the luxury housing building craze. They remodeled all the units about 10 years ago (mine just before I moved in), to have new appliances, new flooring in the kitchen and bathrooms and different color walls (not just white anymore).
The last 4 years they have been remodeling all the units again to be luxury to "remain competitive". All the flooring is being replaced this time. New carpets, those ceramic tiles that look like hard wood floors are going in the kitchen, bathroom and entry way. The appliances are all being replaced with smart appliances. The old cheap countertops are being replaced with solid granite or marble. The kitchens and bathrooms are being upgraded with new fixtures, cabinets, subway tiles and what not and look like those fancy remodels from HGTV.
I talked to the leasing department. The newly remodel units are $400 more a month for a 1 bedroom, and $700 more a month for 2 bedroom. Because they have no remodeled most of the units, they are raising my rates to be in par with the remodeled units. They justified it by saying that they are losing money on my unit for potential rent income.
These are my renewal options:
The $35 a month charge is for having a cat btw.
6od
Bored Member
yeah i'd sign the 12 month lease too
edit: i envy your remodel though. we have one washer and dryer that is like $8 a load for the whole building (12 units) and the owners bought the building next door and decided they can use our laundry too.
i've lived in the building since 2020 for the most part (it's complicated) when i first moved into my current u if, then i to an upstairs unit, then back into the original unit which is bigger and better EXCEPT they tore out all the kitchen cabinets but one so it's fucking awful. i think it was the cheapest work around to raising the rent so it could qualify as a "remodel" but i'm reporting the to the. key to see if i can get back o my original rent price seeing as part of the reason i requested the apartment change was a leaky roof that they never fucking fixed, and at the time i was undergoing treatments (i'm fine) that left me dizzy, with migraines, nauseous, and no food in stairs, so i wanted to be on the ground floor. so i'm hoping that counts as a "medically necessary change" but i don't know. i was legally disabled at the time. so. we shall see.
my landlord pissed me off recently (they e always pissed me off), so now i'm going the fuck after them. i've already got multiple repair reports filed with the city. it's going to cost them a shit ton. assholes.
edit to add: if there is one, join your local tenants union. it scares them just knowing about it.
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Hemotep
Well-Known Member
We had some of these issues at our last place here and the management company was a nightmare of the most horrible humans I've ever had to deal with in a housing situation. I talked to a lawyer only to learn that Georgia doesn't have any laws to protect tenants. It was literally this year, 2024, that the governor finally signed a law saying that places have to be fit for human occupancy.
In my browsing of of available housing, I found that a lot of the ocean front properties are rental homes. Owned by investors of course.
Can't say that doesn't surprise me.
Can't say that doesn't surprise me.
avecigrec
Well-Known Member
When it's down to 1 in 1000, or less, that are actually looking out for tenants as well as their mortgage something's got to change for sure. I was lucky through the years to have a few places with landlords who were more people focused than money focused. Sours things even further when you have to deal with the pricks who make up the majority.
I saw what was either a 3rd floor or attic apartment in a historic house in the seaport district of Salem get listed for rent this afternoon.
$2,050 a month for 525 square feet. That's about as cheap as it gets around here, and according to zillow there have already been 3 applications and 10 contacts about the property.
My current apartment is 785 square feet. So, I do wonder if $200 less a month is worth it or something more than 200 square feet smaller. Great location, though flood prone =\. It's in an area that flooded 3 times this winter during high tides during storms.
Looks like if I wanted to act on this, I would need to do so today. Ideally I would want a unit available end of July. But based on how fast things move here, I wouldn't see any listings for that time period until well after my 30 day required notice for moving out has passed. And paying double rent for a month plus security deposit is not affordable to me. I don't have lasts month rent with my current apartment. I was only required to pay first months and security deposit.
$2,050 a month for 525 square feet. That's about as cheap as it gets around here, and according to zillow there have already been 3 applications and 10 contacts about the property.
My current apartment is 785 square feet. So, I do wonder if $200 less a month is worth it or something more than 200 square feet smaller. Great location, though flood prone =\. It's in an area that flooded 3 times this winter during high tides during storms.
Looks like if I wanted to act on this, I would need to do so today. Ideally I would want a unit available end of July. But based on how fast things move here, I wouldn't see any listings for that time period until well after my 30 day required notice for moving out has passed. And paying double rent for a month plus security deposit is not affordable to me. I don't have lasts month rent with my current apartment. I was only required to pay first months and security deposit.
TenderLovingKiller®
Well-Known Member
Damn dude. My home isn’t big by any stretch, 1,654 sq ft but my monthly mortgage payment is a little over $1,700.00 a month. Like the greater Boston area, the Puget Sound isn’t cheap place to live but paying $300 more a month for 900 sq ft less in space is wild. Have you looked into buying a home? It looks like interest rates are starting to go down in EU, Canada, and UK. I would suspect it won’t be long now until they start to lower in the US also. Have you looked into purchasing a home? You could get all your ducks in a row now and then when your lease is up next year get something locked in. Homeownership can be expensive but with the way prices are rising year to year, you will likely be be much more comfortable in a few years from now all thing considered.
I can not afford to buy a home in this area.
Per a recent report, for an average family of 4, to be able to own a home and live within your means you would need to have a combined income of $275,000 or more to afford a home in this area.
As for renting, it's always been 100k or more, it's now up to 124k
. And that's for a 1 bedroom, single salary. A 2 bedroom, 2 salary says a combined income of 180k for a family of 2 to rent.
TenderLovingKiller®
Well-Known Member
Have you consider moving to Syracuse, NY?I can not afford to buy a home in this area.
Per a recent report, for an average family of 4, to be able to own a home and live within your means you would need to have a combined income of $275,000 or more to afford a home in this area.
As for renting, it's always been 100k or more, it's now up to 124k
I have and I own an affordable home…
106 Wellesley Rd, Syracuse, NY 13207 | Zillow
106 Wellesley Rd, Syracuse NY, is a Single Family home that contains 2184 sq ft and was built in 1925.It contains 4 bedrooms and 3 bathrooms.This home last sold for $230,000 in July 2024. The Zestimate for this Single Family is $234,200, which has increased by $2,000 in the last 30 days.The...
www.zillow.com
213 May Ave, Syracuse, NY 13207 | Zillow
213 May Ave, Syracuse NY, is a Single Family home that contains 1292 sq ft and was built in 1935.It contains 3 bedrooms and 1 bathroom.This home last sold for $72,100 in August 2024. The Zestimate for this Single Family is $72,700, which has increased by $2,880 in the last 30 days.The Rent...
www.zillow.com
408 Salt Springs Rd, Syracuse, NY 13224 | Zillow
408 Salt Springs Rd, Syracuse NY, is a Single Family home that contains 2228 sq ft and was built in 1932.It contains 4 bedrooms and 2 bathrooms.This home last sold for $315,000 in July 2024. The Zestimate for this Single Family is $319,800, which has increased by $4,400 in the last 30 days.The...
www.zillow.com
Was just talking to someone about the insane month to month rent. It's actually a lot more prevalent in the north east than I thought. Pretty much any rental property managed by a corporation in Eastern MA, RI, CT, Southern NH and Southern ME are doing this and have been hiking the month to month rates for the last several years.
It's all about extracting as much capital as they can get, and in this area there are a lot of traveling nurses. These high month to month rates or shorter lease terms are all about fleecing traveling nurses. Get as much as they can out of them. Algorithms have calculated these rates as the maximum they can get for the area.
And I'll tell you what, there have been a lot of traveling nurses in and out of my place since 2020.
It's all about extracting as much capital as they can get, and in this area there are a lot of traveling nurses. These high month to month rates or shorter lease terms are all about fleecing traveling nurses. Get as much as they can out of them. Algorithms have calculated these rates as the maximum they can get for the area.
And I'll tell you what, there have been a lot of traveling nurses in and out of my place since 2020.
avecigrec
Well-Known Member
My friend and his wife got simultaneously lucky and very unlucky with their house. Unlucky because they both lost their moms less than a year apart, but lucky because their inheritance came through before property values spiked huge on their island. They managed to get themselves a mortgage of just over $300/month. They also moved the caravan they'd built and been living in onto the corner of their property and rent it out for $350/month (which is INCREDIBLY cheap where they are. And also year-round housing which is in the rarity on their island — a large portion of rentals there are only for 8 or 9 months of the year, as they are the owners' "summer homes" 
)
My wife and I pay about $1600/month on the mortgage and strata fees for our 3 bedroom/1 bathroom, 2-level condo. An average 1 bedroom rental around here is about $2100/month, and a 2 bedroom rental averages nearly $2900/month. It's absolutely insane!
19 years ago my friend from the first paragraph and I rented a 2 bedroom, 2-level apartment in the heart of downtown for $850 — and that was us choosing the EXPENSIVE place! The average 2 bedroom around here was $700/month, and you could still find places as low as $600.
)My wife and I pay about $1600/month on the mortgage and strata fees for our 3 bedroom/1 bathroom, 2-level condo. An average 1 bedroom rental around here is about $2100/month, and a 2 bedroom rental averages nearly $2900/month. It's absolutely insane!
19 years ago my friend from the first paragraph and I rented a 2 bedroom, 2-level apartment in the heart of downtown for $850 — and that was us choosing the EXPENSIVE place! The average 2 bedroom around here was $700/month, and you could still find places as low as $600.
Joe Mac
Well-Known Member
Canada maybe more of a market but our mortgage market is pretty different to yours in my understanding. We tend to have much shorter fixed rates within a longer term that you can renew where as it is my understand that you all fix for longer? Means our rates may appear lower but it’s maybe only for the next 2 or 3 years of the term. There probably are larger trends at play as well though to be fair.
Bob from Florida
Member
What’s the catch? All three are quite old, which could indicate significant maintenance issues. Tax rates in Syracuse - what would the real estate tax be? Insurance, crime rate, etc? Has to be a reason as these are quite cheap compared to my neck of the woods.Have you consider moving to Syracuse, NY?
I have and I own an affordable home…
106 Wellesley Rd, Syracuse, NY 13207 | Zillow
106 Wellesley Rd, Syracuse NY, is a Single Family home that contains 2184 sq ft and was built in 1925.It contains 4 bedrooms and 3 bathrooms.This home last sold for $230,000 in July 2024. The Zestimate for this Single Family is $234,200, which has increased by $2,000 in the last 30 days.The...
213 May Ave, Syracuse, NY 13207 | Zillow
213 May Ave, Syracuse NY, is a Single Family home that contains 1292 sq ft and was built in 1935.It contains 3 bedrooms and 1 bathroom.This home last sold for $72,100 in August 2024. The Zestimate for this Single Family is $72,700, which has increased by $2,880 in the last 30 days.The Rent...
408 Salt Springs Rd, Syracuse, NY 13224 | Zillow
408 Salt Springs Rd, Syracuse NY, is a Single Family home that contains 2228 sq ft and was built in 1932.It contains 4 bedrooms and 2 bathrooms.This home last sold for $315,000 in July 2024. The Zestimate for this Single Family is $319,800, which has increased by $4,400 in the last 30 days.The...
Two answers below courtesy of Google. May as well check real estate prices in Detroit- could be on par with the below.
Why is real estate so cheap in Syracuse?
Syracuse home prices – depressed by decades of population loss, poverty and job cuts– are so low they discourage new construction and major renovations unless they are heavily subsidized, according to the study by czb LLC, a Maine consulting firm. And the city needs lots of building and renovation.May 23, 2023
With a crime rate of 42 per one thousand residents, Syracuse has one of the highest crime rates in America compared to all communities of all sizes - from the smallest towns to the very largest cities. One's chance of becoming a victim of either violent or property crime here is one in 24.
Syracuse, NY Crime Rates and Statistics - NeighborhoodScout
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TenderLovingKiller®
Well-Known Member
It’s a Midwest/rust belt thing. You can find very affordable housing in certain areas because people are leaving. I am from Central IL originally and there are many minor cities Bloomington, Peoria, Springfield, Champaign, etc… that have very affordable homes. Same goes for major Midwest cities like Pittsburgh, Detroit, and Cleveland.
I know these places aren’t for everyone but for me, I currently reside in Tacoma, a city with a fairly high crime rate (mostly non-violent property crime) but if you take certain precautions you are unlikely to experience many issues. and if you are worried about crime rates there are a ton of small towns with even cheaper homes that have very little crime but are further away from culture.
The appeal of a city like Syracuse for me is the older affordable homes which I prefer and that a major University resides within the city meaning even though the city isn’t huge you still have access to Thai Food, Art House Cinema, Live Music, and Record Stores.
My home has doubled in value in the past 8 years. Since I am a remote worker. I could sell my home and with the profits, since I am a remote worker my job would move with me, and I could purchase bigger home and have little to no additional mortgage costs. I don’t know if we will ever actually move back to the Midwest but the cheap real estate makes it a lot more appealing than it did a decade ago.
avecigrec
Well-Known Member
I loved Syracuse!