People are out of touch with the cost of housing.

HCOL.

I see on Facebook rentals posted daily, and people laugh reacting at the price. While my mortgage doesn’t go up, my insurance and taxes and maintenance sure have. A friend was just quoted $15,900 to replace their furnace/AC – something that would’ve cost about half 10 years ago. The cost of everything has increased.

I have a 2/1 condo that I rent fully furnished with utilities and landscaping included. I rent to traveling professionals who have 2-6 month work contracts. The rate I usually charge ($3600) includes everything. The going rate for 2/1 unfurnished and no utilities in the same city is $3400 (with only 7 active listings currently available city wide). So I think my rate is pretty reasonable, all expenses considered.

I have two friends, independent of one another, who are looking for housing.

I’ve offered my condo to each of them, granted it would be a roommate situation. I’m renting the master bedroom for $1650, which is discounted. A friend in the same city rents a spare bedroom unfurnished no utilities for $1500.

One of the two friends whom i offered the master to asked if the $1650 was to be split between two roommates. Lol. No.

So if the only other similar housing options on the market are $3400 unfurnished/no utilities, where does anyone get the idea $1650 is for a fully furnished two bedroom condo??

This person knows this because they’ve told me they cannot afford a 1/1 with an hour commute that’s listed for $2400.

It’s unfortunate that wages are not keeping up with cost of living. But because of tenant laws in my state, I would rather eat the cost while the condo sits vacant before eating the cost to house someone who cannot afford it and could potentially turn into a squatter.

submitted by /u/rizzo1717
[link] [comments]

HCOL. I see on Facebook rentals posted daily, and people laugh reacting at the price. While my mortgage doesn’t go up, my insurance and taxes and maintenance sure have. A friend was just quoted $15,900 to replace their furnace/AC – something that would’ve cost about half 10 years ago. The cost of everything has increased. I have a 2/1 condo that I rent fully furnished with utilities and landscaping included. I rent to traveling professionals who have 2-6 month work contracts. The rate I usually charge ($3600) includes everything. The going rate for 2/1 unfurnished and no utilities in the same city is $3400 (with only 7 active listings currently available city wide). So I think my rate is pretty reasonable, all expenses considered. I have two friends, independent of one another, who are looking for housing. I’ve offered my condo to each of them, granted it would be a roommate situation. I’m renting the master bedroom for $1650, which is discounted. A friend in the same city rents a spare bedroom unfurnished no utilities for $1500. One of the two friends whom i offered the master to asked if the $1650 was to be split between two roommates. Lol. No. So if the only other similar housing options on the market are $3400 unfurnished/no utilities, where does anyone get the idea $1650 is for a fully furnished two bedroom condo?? This person knows this because they’ve told me they cannot afford a 1/1 with an hour commute that’s listed for $2400. It’s unfortunate that wages are not keeping up with cost of living. But because of tenant laws in my state, I would rather eat the cost while the condo sits vacant before eating the cost to house someone who cannot afford it and could potentially turn into a squatter. submitted by /u/rizzo1717 [link] [comments]

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