Go look up their website current prices and report back. Let’s see how shocking it is.
I can’t give you 10 years ago cause thank fuck I was fortunate enough to buy a house.
2012 I was in a triplex with 1 bed 1 bath. It was a converted farm house so I’d guess I had somewhere between 800-900sq ft. $625
2026 the same unit with no updates and the floor is sagging because no one did anything about the wood supports on the dirt floor sinking in the basement… $1100
Not quite but nearly doubled. For reference. My mortgage is $1250 for a 3 bedroom 2 bath 1,500 sq house about 10 blocks away. I’n 2014 I paid $155k, it was move in ready and a 90s house. That being said, my brother is in the next neighborhood over, 1950s houses that needed all new electrical and plumbing and work in the HVAC and complete new sub floors and it has asbestos. ~1,000 so ft. $225k in 2024. Fucking insane.
Edit to add, I charge my roommates $350/m for a room. At Max I’ve had 3 roommates at a time so all rooms filled. I’m not trying to fuck anyone over. General room rental prices are $600+ near me for a single fucking room.
university housing was like $9K for two semesters, roughly $1k/month, which included a room, utilities, internet, laundry facilities, gym access, and a cafeteria meal plan (iirc 15 entries per week)
looks like now it’s like 15-17k
The first listing was in 2017 it was $2800. Now I pay $3500. It’s a full sized house though.
$1600/mo, but they raised it to $2600/mo a year later. I moved out.
That was about 10 years ago.
10 years later and it’s back down to $1600/mo.
$2,300 now and ~ $1,500 in 2016. 🥲
The bigger shock is our previous apartment that we left in 2014 because it was an unlivable dump. It was like $1600 (had roommates) but got gentrified to $3700 💀
I paid $450 for a single room in a house share ten years ago. Now it’s $850 for rooms on the same street
$570 for my share of a crappy house in the middle of nowhere
Now I pay… Oh god, a lot. Quadruple that. But I live in a really nice city an ocean away
That’s pretty funny that you say ten years ago because that’s exactly how long ago we moved into this house. So the last apartment we stayed at was exactly ten years ago (and a few months).
The rent we paid at the time was $2200 USD. It’s now $3000 which is actually less than inflation.
I did not pay rent 10 years ago on account of being a kid, but I do know what it was, which is 150€/month. Anywho that specific apartment also isn’t listed at the moment but places of similar size in a similar area are ~450€ it looks like :3, though those ones are also in a nicer state than the place we used to rent
Was £1,235/mo in 2016, now a similar flat in the same block is around £2,000/mo.
Honestly, I’m surprised it’s not higher.
I bought a house ten years ago. I’ve locked the mortgage payments at ~$1000. I’ve since moved countries and been renting it out for the last four years. The current tenants pay ~$2200 and their own utilities. Seven more years and my mortgage is no more.
Being a landlord is kinda cringe ngl
There are many costs and processes involved with owning. Not everyone wants to own or is going to be in a place long enough where it makes sense to own. Getting rid of all landlords introduces its own problems.
The costs are still always less than owning because the owner is making a profit so this doesn’t make much sense.
The only good argument is that people might not want to be in a spot for long.
8 years ago I rented a relatively large house for 750 BRL, which converted to $215 at the time. The same place is now twice as much in BRL, but the conversion rate changed and 1500 BRL is now worth $294.
I’ve been paying the same price for the last 10 years because I moved from San Francisco, to Austin, and then to Chicago – and the price in the last two caught up to San Francisco’s price while i lived there.
My mortgage is 450€ and was the same 10y ago (fixed rate).
Meanwhile, my friend’s rent was 350€ 10y ago and 550€ today.
~$2k back in college (dorms are stupid pricey and I didn’t know any better). ~$2k on mortgage now so it’s less of a waste
