People Twitter

5168 readers

896 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

Mark NSFW content.
No doxxing people.
Must be a tweet or similar
No bullying or international politcs
Be excellent to each other.

founded 1 year ago

MODERATORS

SendMeYourTaTas@sh.itjust.works

pelespirit@sh.itjust.works

1378

My rent doubled in less than a decade (slrpnk.net)

submitted 2 months ago by ByteOnBikes@slrpnk.net to c/whitepeopletwitter@sh.itjust.works

94 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] ZombiFrancis@sh.itjust.works 7 points 2 months ago (1 children)

My 2007 apartment was $475. It is now $1,485.

Rents were fairlyish stable until the housing market crash.

That apartment was $790 in 2010. The rent hike was a long time ago, and since then it has just more or less been following inflation/gouging patterns seen elsewhere.

[–] Anticorp@lemmy.world 5 points 2 months ago (1 children)

I will acknowledge that shit went crazy after covid too. My rent went up 22% in two years, and house prices were going up hundreds of thousands of dollars within a year.

[–] ZombiFrancis@sh.itjust.works 3 points 2 months ago (1 children)

Yeah that's true. I was lucky enough to have gotten a mortgage right before covid so I haven't personal experience on rent hikes as a result, I recognize.

[–] Anticorp@lemmy.world 3 points 2 months ago

It finally pushed us to get serious about buying, and we bought a home at the end of last year. We were feeling like we'd never be able to afford a house, but we made it happen! We had to move an hour outside of the city, but we still made it happen.