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In reply to the discussion: The Rent is to damn high. [View all]womanofthehills
(8,761 posts)23. Agree - it's happening in Albuquerque for sure
My daughter and another couple (relatives) got notices that their apartment complexes were sold and their rents are going up over $100. They are all saving to buy houses, but the house prices have recently sky rocketed. People now need to hook up with others to buy or rent. My grand kids can not afford to rent a place alone. My grandson has three roommates and my grand daughter has one and her complex just sold. My daughter is just going to move in with her boyfriend and the couple just rented a house but had to ask a relative to move into one of the bedrooms so they could afford it.
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This is why that weird Mortage vs Rennt arguement is so infuriating.
cinematicdiversions
Dec 2021
#4
...to say nothing of maintenance and upgrades. Roofs, toilets, appliances, etc. need
spooky3
Dec 2021
#6
Capital gains in housing mean nothing until you sell, other than higher property taxes
MichMan
Dec 2021
#5
I don't know about your neck of the woods but where I am the increases are capped at 3%
cinematicdiversions
Dec 2021
#7
According to what I could find about Prop 13, it isn't zero; they can go up 2 % a year for inflation
MichMan
Dec 2021
#39
Here you go. Plenty o links. There is some serious cross pollination between rural and enivro orgs
cinematicdiversions
Dec 2021
#15
I am actually pleasantly surprised they are taking a good hard look at growth.
cinematicdiversions
Dec 2021
#18
The problem is you need to build new schools, roads, parks , bike lanes, etc
cinematicdiversions
Dec 2021
#21
These crazy rent hikes being talked about on this thread are illegal here in Sweden and many other
Celerity
Dec 2021
#13
Not everyone is lucky enough to afford home ownership. My husband and I had to downsize
Ziggysmom
May 2022
#44