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Post Reply Rent is going up.
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26 / M / Leanbox, Gameindu...
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Posted 5/20/17 , edited 5/20/17
Yep, been living like a stingy bum since I was first able to work knowing this and throwing most of what I made into savings. Rent in my area is pretty much unaffordable ($1500/mo minimum for a 1 bedroom) as a result of restrictive zoning, which has caused most of my friends and sister to pack up and leave my area entirely. With rent prices like that it would be impossible to save up for a down payment, especially off a single income.

Luckily my family understands how hopeless the rent situation is here and are letting me pay rent (much less than what Id pay for my own place) while I am saving up for a down payment and currently on track to buy my first house sometime in 2019 or 2020. I never even considered buying a house as a single person, but with the rent market the way it is I see no alternative if I want to remain where I am, especially since rents keep rising while housing prices are starting to decline again due to people moving down south,

Sure I could join pack up and move to the middle of nowhere like everyone else, but I basically my entire family is here so its hard to leave. However, if they ever relocate I'd gladly get the heck out of here as fast as possible.


Rujikin wrote:


Evilshadowx wrote:

Only place I know where the rent is cheap is where my father lives in Florida. Although he owns a house, he always wants me to move down there cause I would pay 1/4 the price of what I'm paying now for a larger place. But that sun though. Ugh.


For $100K you can get a 3 bedroom 2 bath house in a good neighborhood in the Midwest.


100k houses, yeah I suppose if I were to relocate anywhere the Midwest would probably be one of my first choices.
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21 / M / Bundaberg, Queens...
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Posted 5/20/17

ishe5555 wrote:


Ryulightorb wrote:

Australia and it's not a shit hole at all it's rated above America.
Home ownership will eventually be out of reach for the upper middle class everywhere as society grows.

Honestly if you think not being able to own a home unless you make over 100k a year is a sign of being a shithole then that's funny imo.


Making over 100K a year isn't rich, though. It would be in the realm of upper middle class. I wouldn't call it a shithole, but it is kind of sad if you would have to make over 100K a year to to be able to own a home there. There are many areas in the US where you could buy a home for less than 100K. I don't live in one of those areas, but my area is still kind of mid-range and I bought a home in a good area for just a little over three times that. There are areas where the costs are ridiculous too, like New York City and San Francisco.



karatecowboy wrote:

Go closer to the Great Lakes region and definitely not.

No tornadoes like Kansas.

No earthquakes like California.

No poisonous ... tons of things like the SW.

No deserts.

No hurricanes like the Southeast.

No alligators like Florida.

Just varying amounts of snow.


I've been in Cali for almost 2 decades. But, the only earthquake I've experienced was in Oregon.




60-70k is upper middle class though atleast where i live most people live off on 20-30k i will be living off of 30k next year and that alone is luxurious Internet food rent and electricity :D


Most houses where i live cost a $300,000+ in the country.
which isn't bad that's normal when the population is bigger then the amount of worked land.


100k+ is like 60k extra funds not needed for life i personally would consider that rich as would many i have met here.

rich:having a great deal of money or assets; wealthy. / Well off.

Anyone who has more then double what they need to live off of comfortably is rich i would argue.
Looking online there is no actually figure for what counts as rich in Australia because it's Subjective.
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21 / M / Bundaberg, Queens...
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Posted 5/20/17

kevz_210 wrote:

Yep, been living like a stingy bum since I was first able to work knowing this and throwing most of what I made into savings. Rent in my area is pretty much unaffordable ($1500/mo minimum for a 1 bedroom) as a result of restrictive zoning, which has caused most of my friends and sister to pack up and leave my area entirely. With rent prices like that it would be impossible to save up for a down payment, especially off a single income.

Luckily my family understands how hopeless the rent situation is here and are letting me pay rent (much less than what Id pay for my own place) while I am saving up for a down payment and currently on track to buy my first house sometime in 2019 or 2020. I never even considered buying a house as a single person, but with the rent market the way it is I see no alternative if I want to remain where I am, especially since rents keep rising while housing prices are starting to decline again due to people moving down south,

Sure I could join pack up and move to the middle of nowhere like everyone else, but I basically my entire family is here so its hard to leave. However, if they ever relocate I'd gladly get the heck out of here as fast as possible.


Rujikin wrote:


Evilshadowx wrote:

Only place I know where the rent is cheap is where my father lives in Florida. Although he owns a house, he always wants me to move down there cause I would pay 1/4 the price of what I'm paying now for a larger place. But that sun though. Ugh.


For $100K you can get a 3 bedroom 2 bath house in a good neighborhood in the Midwest.


100k houses, yeah I suppose if I were to relocate anywhere the Midwest would probably be one of my first choices.




I hope for $1500 a month that came with Electricity , Internet etc...otherwise that sounds like you got ripped off.
You can rent a whole apartment for $800 a month in a capital city in Australia aka "596.48" usd

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26 / M / Leanbox, Gameindu...
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Posted 5/20/17

Ryulightorb wrote:


kevz_210 wrote:

Yep, been living like a stingy bum since I was first able to work knowing this and throwing most of what I made into savings. Rent in my area is pretty much unaffordable ($1500/mo minimum for a 1 bedroom) as a result of restrictive zoning, which has caused most of my friends and sister to pack up and leave my area entirely. With rent prices like that it would be impossible to save up for a down payment, especially off a single income.

Luckily my family understands how hopeless the rent situation is here and are letting me pay rent (much less than what Id pay for my own place) while I am saving up for a down payment and currently on track to buy my first house sometime in 2019 or 2020. I never even considered buying a house as a single person, but with the rent market the way it is I see no alternative if I want to remain where I am, especially since rents keep rising while housing prices are starting to decline again due to people moving down south,

Sure I could join pack up and move to the middle of nowhere like everyone else, but I basically my entire family is here so its hard to leave. However, if they ever relocate I'd gladly get the heck out of here as fast as possible.


Rujikin wrote:


Evilshadowx wrote:

Only place I know where the rent is cheap is where my father lives in Florida. Although he owns a house, he always wants me to move down there cause I would pay 1/4 the price of what I'm paying now for a larger place. But that sun though. Ugh.


For $100K you can get a 3 bedroom 2 bath house in a good neighborhood in the Midwest.


100k houses, yeah I suppose if I were to relocate anywhere the Midwest would probably be one of my first choices.




I hope for $1500 a month that came with Electricity , Internet etc...otherwise that sounds like you got ripped off.
You can rent a whole apartment for $800 a month in a capital city in Australia aka "596.48" usd


$600 for an apartment? You might be able to rent a room in someone's house for that price, and maybe find a studio or 1br in a dangerous area or an hour north of where I am for $900-1000/mo if you are lucky but I've never see anything cheaper. Internet it definitely not free. People pay the crazy rent prices here because there are a lot of jobs in the area, little crime and not too many alternatives. Local municipalities don't bother building anything for regular people anymore, its just luxury condos, apartments and very big houses. That being said, think this is bad read what people are paying in some areas of South California, $2000/mo $2500/mo, $3000/mo, it's crazy.
Posted 5/20/17

kevz_210 wrote:
$600 for an apartment? You might be able to rent a room in someone's house for that price, and maybe find a studio or 1br in a dangerous area or an hour north of where I am for $900-1000/mo if you are lucky but I've never see anything cheaper. Internet it definitely not free. People pay the crazy rent prices here because there are a lot of jobs in the area, little crime and not too many alternatives. Local municipalities don't bother building anything for regular people anymore, its just luxury condos, apartments and very big houses. That being said, think this is bad read what people are paying in some areas of South California, $2000/mo $2500/mo, $3000/mo, it's crazy.


Yeah, this is kind of how it goes in most metro areas on the East Coast. I lived in Washington DC for a little while - rent there was about $2,500 a month for a 1 bedroom/1 bathroom apartment (810sq feet). Mind you, it also had a den and balcony. It kind of met the whole "luxury condo" that most are developing. I checked locally (Raleigh/Cary.. Wake County in general) and found that cheapest rent you're going to find is about $869 a month with a $200 a month renter's agreement/insurance required by the landlords/housing association (so $1,069). That's for a small little apartment (around 300sq feet).
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21 / M / Bundaberg, Queens...
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Posted 5/20/17

kevz_210 wrote:


Ryulightorb wrote:


kevz_210 wrote:

Yep, been living like a stingy bum since I was first able to work knowing this and throwing most of what I made into savings. Rent in my area is pretty much unaffordable ($1500/mo minimum for a 1 bedroom) as a result of restrictive zoning, which has caused most of my friends and sister to pack up and leave my area entirely. With rent prices like that it would be impossible to save up for a down payment, especially off a single income.

Luckily my family understands how hopeless the rent situation is here and are letting me pay rent (much less than what Id pay for my own place) while I am saving up for a down payment and currently on track to buy my first house sometime in 2019 or 2020. I never even considered buying a house as a single person, but with the rent market the way it is I see no alternative if I want to remain where I am, especially since rents keep rising while housing prices are starting to decline again due to people moving down south,

Sure I could join pack up and move to the middle of nowhere like everyone else, but I basically my entire family is here so its hard to leave. However, if they ever relocate I'd gladly get the heck out of here as fast as possible.


Rujikin wrote:


Evilshadowx wrote:

Only place I know where the rent is cheap is where my father lives in Florida. Although he owns a house, he always wants me to move down there cause I would pay 1/4 the price of what I'm paying now for a larger place. But that sun though. Ugh.


For $100K you can get a 3 bedroom 2 bath house in a good neighborhood in the Midwest.


100k houses, yeah I suppose if I were to relocate anywhere the Midwest would probably be one of my first choices.




I hope for $1500 a month that came with Electricity , Internet etc...otherwise that sounds like you got ripped off.
You can rent a whole apartment for $800 a month in a capital city in Australia aka "596.48" usd


$600 for an apartment? You might be able to rent a room in someone's house for that price, and maybe find a studio or 1br in a dangerous area or an hour north of where I am for $900-1000/mo if you are lucky but I've never see anything cheaper. Internet it definitely not free. People pay the crazy rent prices here because there are a lot of jobs in the area, little crime and not too many alternatives. Local municipalities don't bother building anything for regular people anymore, its just luxury condos, apartments and very big houses. That being said, think this is bad read what people are paying in some areas of South California, $2000/mo $2500/mo, $3000/mo, it's crazy.



Yeah renting is super cheap where I live houses might be super pricy but renting is something easily affordable.
Place im most likely moving into next year is a shared apartment complex (meaning that there is only one shared kitchen)

And that's with water has electricity internet gas and other stuff like gardening all on a protected lot with security for $300 a week
The main kitchen / lounge is outfitted with a massive tv so are the rooms all filled with furniture the rooms.

Housing might cost over 300k to buy in the country and more in the cities but rent is dirt cheap

Not much crime where I'm moving and rich job wise so honestly it's great
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26 / M / Leanbox, Gameindu...
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Posted 5/21/17

ninjitsuko wrote:


kevz_210 wrote:
$600 for an apartment? You might be able to rent a room in someone's house for that price, and maybe find a studio or 1br in a dangerous area or an hour north of where I am for $900-1000/mo if you are lucky but I've never see anything cheaper. Internet it definitely not free. People pay the crazy rent prices here because there are a lot of jobs in the area, little crime and not too many alternatives. Local municipalities don't bother building anything for regular people anymore, its just luxury condos, apartments and very big houses. That being said, think this is bad read what people are paying in some areas of South California, $2000/mo $2500/mo, $3000/mo, it's crazy.


Yeah, this is kind of how it goes in most metro areas on the East Coast. I lived in Washington DC for a little while - rent there was about $2,500 a month for a 1 bedroom/1 bathroom apartment (810sq feet). Mind you, it also had a den and balcony. It kind of met the whole "luxury condo" that most are developing. I checked locally (Raleigh/Cary.. Wake County in general) and found that cheapest rent you're going to find is about $869 a month with a $200 a month renter's agreement/insurance required by the landlords/housing association (so $1,069). That's for a small little apartment (around 300sq feet).


Yeah, doesn't sound much better. I'm thinking about trying to find a house around here and rent out a room or two to help make things a bit more reasonable. From reading posts on here it is starting to sound like a better and better option.
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