My monthly rent just went up $200 and I'm still "lucky".

[no_hypocrisy]

1. My home of 30 years wasn't purchased by a Wall Street concern.
2. New owner/landlord will hereafter raise rent 3% annually.
3. I can afford to stay here with some budget adjustments.
4. Still the most affordable unit in the area.
5. New owner/landlord not kicking out the tenants to renovate and re-sell.
6. New owner/landlord having electrician re-wire the house as the original wiring is almost 90 years old.

[Karadeniz]

1. Sounds like this might work out...

[IronLionZion]

2. Then there are people who move every few months

A lot of contract workers get screwed hard with lease breakage penalties and higher rent every new lease they sign.

[iluvtennis]

3. So glad you can stay in your home w/some budget changes. And you got a good landlord who cares. n/t

[erronis]

4. I know of several meal recipients that are being evicted by landlords

Scenario is usually an older multi-tenant house is purchased by a capitalist or real-estate agent (same thing) with plans to gut the inside, refinish, and rent out at much higher rates. I've heard the agents say that they plan to have occupants such as traveling nurses (who make pretty high wages.)

Where I live (northern New England) there is almost no available affordable rentals. Most of my clients are near or below the ridiculous Federal Poverty Level (~1,000/month for one person) and the rents are going up to $1,200-$2,000 (single bedroom.)

I know homelessness on the west coast is horrible. It's coming here soon.

[justhanginon]

6. Greed rising to avarice levels is killing our country. Whether it be housing rental costs,

healthcare, food sourcing, utilities or virtually anything people need to live, the corporate vultures are making life virtually unlivable for so many of us.
Things have to change peacefully before there is no other choice than for people to take more violent measures.

[ripcord]

5. I bought and am paying less than the going rental rate in our area

I applied for and received a USDA rural, no money down home loan, I was able to put a 1800 sqft mobile, 2 car garage and a small metal workshop on 2.5 acres and my monthly payments are less than I would pay to rent a smaller place. I have watched rent prices climb in California and knew they weren't likely to stop any time soon, the desert might not be paradise but I can comfortably afford to retire here.

[piddyprints]

7. Sounds like a good deal!

We have plenty of property for sale in my area that would be perfect, whether you wanted a small home or an estate. And I have a friend who would love to build a tiny home. But every piece of property she looked at, whether it's on the side of a mountain or middle of the woods, whatever, has deed restrictions that forbid mobile homes or homes smaller than something like 2000 sq. ft. I find myself wondering where the F these people think they are? This is not prime real estate! Some of it has been on the market for some time and likely will remain so.

[dsc]

9. I closed about a month ago on a USDA loan

for a new build. While my payment is higher than my rent was, my rent hadn't gone up in years and I knew that wasn't going to last forever. I can afford the new place, which is nice and mine.

[no_hypocrisy]

10. Not an option where I live (northern NJ)

Homes start at $350,000 and that's 45 minutes away.

[msongs]

12. $350K sounds cheap nt

[Baggies]

8. Good for you!

[Liberty Belle]

11. Getting wiring fixed could prevent a fire, glad that's being done.

Google "best side hustles" or "best online jobs" on the Net. There all kinds of ways to earn a couple hundred a month or more. You can get paid to review online videos, test marketing new food products, do work of many types remotely, buy/sell items online at sites like Etsy (for vintage and/or handmade arts/crafts items), etc. I'm researching an article on this but finding there are many ways to earn a little bit of side income from home.