1850 .. felt high 2 years ago when I started paying it now it feels fair. RE sales price per sqft in town has gone up 45% in those 2 years.
Where roughly do you live and I assume this is at least a 2 bedroom Apt?
Live in a big US city in a highrise right in the center of town. It's a 1 bed. Just checked zillow a unit this size/type in Brooklyn rents for about 4500 and 6000-9000 in Manhattan depending on the neighborhood so it could be worse..
Thinking about moving further out soon though for more space and better access to trails.
And I say this as someone who bought a house in a town of 5000, then three houses in a city, then a house in California. It's not impossible, you just can't have it all NOW.
I am having a hard time finding someone with a 700 credit score to rent my well under the market listing. If these folks got better credit scores and you won't pay so damn much.
Going to lower the credit score and up the rent by 500 to cover the grief the people will give me.
Where roughly do you live and I assume this is at least a 2 bedroom Apt?
Live in a big US city in a highrise right in the center of town. It's a 1 bed. Just checked zillow a unit this size/type in Brooklyn rents for about 4500 and 6000-9000 in Manhattan depending on the neighborhood so it could be worse..
Thinking about moving further out soon though for more space and better access to trails.
Stop spreading lies. No one pays 9000 for a 1 BR in Manhattan, except for a couple idiots. 3k is pretty typical for a nice place with amenities in a good area. Your typical corporate guy is not spending 100k in rent a year.
Stop spreading lies. No one pays 9000 for a 1 BR in Manhattan, except for a couple idiots. 3k is pretty typical for a nice place with amenities in a good area. Your typical corporate guy is not spending 100k in rent a year.
Maybe 10 years ago. $3000 will not get you a “nice” place now, the Manhattan average is $4100 for a 1 BR and that includes a lot of old units and undesirable neighborhoods. I would plan on at least $4k, and more like $5-6k if you want a “luxury” building (high-rise with amenities) in a decent area of the city. I last lived in NYC over 5 years ago and paid $2400 for a studio in a very old building north of Central Park with an elevator that was always breaking down, no amenities except a shared laundry room in a grimy basement.
That said, I would never buy in Manhattan as the prices are crazy relative to rents, most places have been established or converted to co-ops, and if you ever want to rent it out is has very unfavorable laws toward landlords.
And I say this as someone who bought a house in a town of 5000, then three houses in a city, then a house in California. It's not impossible, you just can't have it all NOW.
He's right. If you can do it - obviously not everyone is in a position to be able to do this unfortunately. But if you can... well, I think it's best and you can start small.
I'm lucky to live in a very low cost of living area (relative to other areas like London). You can still get a new build apartment here for 80K.