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(NBC Washington)   Good news, everybody. Rent prices are finally starting to cool down. I mean, you can now find 1-bedroom apartments in San Diego at a median price of just over $2,300 per month. At that rate, maybe rent two so you have a spare?   (nbcwashington.com) divider line
    More: Spiffy, Apartment, Renting, high rent prices, Thought Miami, Median rent prices, Rental agreement, Cost, Year-over-year change  
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1136 clicks; posted to Main » on 05 Jul 2022 at 8:12 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-07-05 8:14:09 PM  
At those prices, renting seems like a sound investment.
 
2022-07-05 8:18:31 PM  
ouch. here in Maine in my part that get you a full houses with 2-3 bedrooms and 2 bath.
 
2022-07-05 8:20:28 PM  
Ewww.  Tallahassee?  Syracuse?  Was there really a high demand for housing at those two hellholes?  Students I can understand. But people willingly move to those places?  Some of you people need better taste.
 
2022-07-05 8:20:37 PM  
That's about double what I'm paying now... and I'd be living in California instead of the the crap-tastic state known as Ohio.

I figured it'd be a LOT worse than that.

/I still DESPERATELY want a house... but I might consider San Diego if it's 'only' 2300.
 
2022-07-05 8:25:56 PM  
Hmm, I bought a house last year and got out of my 2br/1ba apartment in San Diego with washer/dryer in the unit, and the property had a pool and gym.  My rent was $1950.

Nice neighborhood (Del Cerro area off Mission Gorge), easy access to the 8, 15, tons of hiking around Mission Trails/Cowles Mountain, etc....

$2300 for a 1br seems like it's in a neighborhood like Hillcrest/North Park.
 
2022-07-05 8:25:59 PM  
Can't even get a studio for that here, let alone a parking space
 
2022-07-05 8:29:11 PM  
Or maybe do the smart thing, like buy a domicile, make the same (or lower) mortgage payments, and eventually own the place where you're living, and have equity to boot?

/naah...then you'd be an eevuul property owner
 
2022-07-05 8:31:23 PM  
So glad I bought my house in San Diego back when a normal human could afford one.
 
2022-07-05 8:35:42 PM  
Man, looking at everywhere else makes a sub-$1000 mortgage seem like a good decision.
 
2022-07-05 8:40:07 PM  
My rent went up another 10% in my Northwest Atlanta suburb to $2200/mo. It started at $1650 in 2018.

But it's also a 5 bed, 2.5 bath with a basement in a swim/tennis community.

Newer 1-2 bed apartments in complexes nearby go for $1600 for a 1-bed and $1800 for a 2-bed.
 
2022-07-05 8:40:33 PM  

MBooda: Or maybe do the smart thing, like buy a domicile, make the same (or lower) mortgage payments, and eventually own the place where you're living, and have equity to boot?

/naah...then you'd be an eevuul property owner


I don't know how renters do it.  I at least see a light at the end of the tunnel.  Once the house is paid off, I can easily stop working and live off my investments before all the old people stuff kicks in.

But renting all your life, usually at more $$$ than a mortgage just has to be soul draining after a while...

/yes I know not a choice for some :*(
 
2022-07-05 8:48:18 PM  
Once the Trump Depression really gets rolling, landlords are going to have to cut their rents - nobody will have any money. Happened in the last big depression, too.
 
2022-07-05 8:54:20 PM  

robxiii: MBooda: Or maybe do the smart thing, like buy a domicile, make the same (or lower) mortgage payments, and eventually own the place where you're living, and have equity to boot?

/naah...then you'd be an eevuul property owner

I don't know how renters do it.  I at least see a light at the end of the tunnel.  Once the house is paid off, I can easily stop working and live off my investments before all the old people stuff kicks in.

But renting all your life, usually at more $$$ than a mortgage just has to be soul draining after a while...

/yes I know not a choice for some :*(


depends on the people.

medical issues.  while me and wife would love to own a place with our medical issues it just so much less stress when if something go wrong we can just call the LL and they come fix it at no extra charge to us.

others it can be a job that your on the go so much it not worth having a fixed address.  One of my last neighbor's never stay in one place for more then a year or two cause he works for some company where he can be contracted out to places all over the world for a time frame for work.
 
2022-07-05 8:55:32 PM  
My boss has been pushing rent prices in the last 6 mo. I kinda see it as they have been the same for like 5 years, but it's getting to be a pain. Of course rents are pinned to local income here though, so my nice 3 BR houses rent for like 1K/mo.
 
2022-07-05 9:01:40 PM  
That makes Honolulu look very attractive. You absolutely do not need a car to live there as the bus system is great and the city very compact.
 
2022-07-05 9:05:52 PM  

jumac: ouch. here in Maine in my part that get you a full houses with 2-3 bedrooms and 2 bath.


Here in NE Ohio my mortgage plus taxes plus insurance is under $1k/month for a 3br 1 bath on 1 acre in a good school district.

I had an offer to go out to San Jose early in my career, at the time we were in a 3BR apartment with a 100 sq ft balcony for $555/ month, looked into similar out there and it was over $2k/month. I asked for 3x the salary to go out to HQ, they declined and I've never been sad about that.
 
2022-07-05 9:12:50 PM  
Paying $1250/month for a 1-bedroom condo in central Denver.  I'm renting with a property manager I've known for a decade now.  I know I'm lucky, especially since he's let me leave two months unpaid from the beginning of the pandemic.  Well, now one month, since I got partially caught up in April.  I have plans to buy a condo here in the fall...hopefully prices keep dropping. :)
 
2022-07-05 9:15:16 PM  

robodog: jumac: ouch. here in Maine in my part that get you a full houses with 2-3 bedrooms and 2 bath.

Here in NE Ohio my mortgage plus taxes plus insurance is under $1k/month for a 3br 1 bath on 1 acre in a good school district.

I had an offer to go out to San Jose early in my career, at the time we were in a 3BR apartment with a 100 sq ft balcony for $555/ month, looked into similar out there and it was over $2k/month. I asked for 3x the salary to go out to HQ, they declined and I've never been sad about that.


Ya just doing fast looking in Maine the avg mortgage monthly payment is $1,500 a month.  but most that high are in the south of the state where its more exp to live go north a bit and it be a lot cheaper.
 
2022-07-05 9:16:26 PM  
I just signed a lease for a 1 nice bedroom apartment for my disabled nephew in northern San Diego county for just over $2300 a month, so math checks out. There's a pool though, so he's got that going for him, which is nice.
 
2022-07-05 9:18:18 PM  
Rental prices are insane. There's no reason they should be that high. 

I checked a complex I once rented in. Was $750/month when I moved in, $850 when I moved out 7 years later in 2003. 

Same 620 sq foot one bedroom now rents $1,759-$2,209. (That's how it's listed, a range.) That building has been long paid off, and operating costs can't be at that level. They're not spending much on it. (We had a major leak one Friday in our bathroom - basically raining heavily, and the "emergency" 24 hour hotline asked if we could wait over the weekend until Monday.)
 
2022-07-05 9:29:56 PM  
$2300 pssh I was paying that on a one-bedroom in Manhattan.  In 2002.
 
2022-07-05 9:29:58 PM  

hlehmann: I just signed a lease for a 1 nice bedroom apartment for my disabled nephew in northern San Diego county for just over $2300 a month, so math checks out. There's a pool though, so he's got that going for him, which is nice.


Does the pool have a diving board?
 
2022-07-05 9:33:13 PM  
I would rent my disabled nephew a single wide in Kingman and pocket the difference TBH.
 
2022-07-05 9:39:01 PM  

Por que tan serioso: I would rent my disabled nephew a single wide in Kingman and pocket the difference TBH.


Nope.  He's a good kid, he deserves better.
 
2022-07-05 9:41:51 PM  

Por que tan serioso: I would rent my disabled nephew a single wide in Kingman and pocket the difference TBH.


Fark user imageView Full Size
 
2022-07-05 9:42:05 PM  
How far inland do you have to go to find a $2300 a month apartment in San Diego? The beach is probably twice as expensive as that.
 
2022-07-05 9:42:28 PM  
I live in Cherry Hill NJ. I spend $1200 a month for a studio apartment and people think I'm living in luxury or some shiat.
 
2022-07-05 9:45:40 PM  

robxiii: MBooda: Or maybe do the smart thing, like buy a domicile, make the same (or lower) mortgage payments, and eventually own the place where you're living, and have equity to boot?

/naah...then you'd be an eevuul property owner

I don't know how renters do it.  I at least see a light at the end of the tunnel.  Once the house is paid off, I can easily stop working and live off my investments before all the old people stuff kicks in.

But renting all your life, usually at more $$$ than a mortgage just has to be soul draining after a while...

/yes I know not a choice for some :*(


I have no interest in owning and hate how the system is set up here with no rules or regs on investment/AIRBNB and NIMBYS stifling development in areas that need it. Part of the reason why I'm moving to Mexico.   Not owning a home here is like the worst financial move you can make.  Although it should be interesting what happens now that we've hit as low as we can go on interest with a declining population.  Japan had something similar happen and real estate has been stagnant for decades.

Much rather just save on rent because they develop like crazy and tax the shiat out of AirBNB and make it onerous for foreign investment on the coasts.  The extra money goes to stocks and crypto depending where in cycle we are.  Lots of fire sales coming up in the fall.  Hiring has already been frozen mid budget year....no bueno for outlook.
 
2022-07-05 9:47:42 PM  
I just show up to housing threads so I can mark the dickslaps who have to tell everyone how great they're doing, and they're fine so what's the problem?
 
2022-07-05 10:01:09 PM  
I have never mowed a single lawn. I wouldn't know how. Sorry, I'm not smart enough to not rent.
 
2022-07-05 10:04:09 PM  

gunther_bumpass: I just show up to housing threads so I can mark the dickslaps who have to tell everyone how great they're doing, and they're fine so what's the problem?


Yeh really annoying.  The funniest part it's always the people that brag about their 3000 sq ft house in a place most would be need to paid to live there.  Sorry, I'm single I prefer to live walking distance among the other single people with lots of shiat to do.  Until this wfh thing I was never home.  Occasionally bring the party to my place, but when the hell are you ever hanging out with more than 6-8 people? And if you do, city buildings have places to party.  Maybe it's because I'm a minimalist and was in Navy, but this idea we need lots of space is foreign to me.

The housing market went insane (right as I decided to downsize my career/job) in the area I live (one of highest increases in country) and moved myself out to burbs to save some money for 18 months.  I'm going farking insane, but there's light at end of tunnel and perfect opportunity to hone a skill and work on my Spanish
 
2022-07-05 10:04:42 PM  
I know people like to envision rich, evil landlords controlling the prices..but the reality is very different. It's the market. When most people sound like

"We'd been looking for a new place and the market is crazy! I can't believe how much we are paying, but it's totally worth it. Plus we've both been crushing it at our jobs, saving money by not going out, and our portfolios are growing at a record pace....so I don't mind. Besides they had a ton of interest and we might have lost out!!! == Rents continue to rise

Compared to...

"We'd love to move out/get a bigger/nicer/closer place but these prices are absurd. We aren't even looking anymore and if our landlord tries to increase our rent again we are moving back into my parent's basement" == rents go down
 
2022-07-05 10:09:00 PM  

fragMasterFlash: How far inland do you have to go to find a $2300 a month apartment in San Diego? The beach is probably twice as expensive as that.


Beach is just over a mile away.
 
2022-07-05 10:10:08 PM  

Tarl3k: Paying $1250/month for a 1-bedroom condo in central Denver.  I'm renting with a property manager I've known for a decade now.  I know I'm lucky, especially since he's let me leave two months unpaid from the beginning of the pandemic.  Well, now one month, since I got partially caught up in April.  I have plans to buy a condo here in the fall...hopefully prices keep dropping. :)


Good luck. :)
 
2022-07-05 10:23:07 PM  
Actual article content:

Well, landlords tried to force the rents even higher in April and May, but everyone ran out of money, so we had to back off just a tiny bit.

Note:  Every place that "cooled off" month over month is still up from a year ago.  So no, rent prices are not coming down, they just aren't rocketing up quite as fast.  The rule is still fark you, pay me!
 
2022-07-05 10:24:01 PM  

boozehat: Hmm, I bought a house last year and got out of my 2br/1ba apartment in San Diego with washer/dryer in the unit, and the property had a pool and gym.  My rent was $1950.

Nice neighborhood (Del Cerro area off Mission Gorge), easy access to the 8, 15, tons of hiking around Mission Trails/Cowles Mountain, etc....

$2300 for a 1br seems like it's in a neighborhood like Hillcrest/North Park.


Nice grab. I'm in UTC, got a 3 bed 2 bath rental last year for $3300/mo, and right now similar places are going for at least $4500, if not over $5k/mo. It's got me making offers on places to buy. At this rate, the mortgage will be less than rent in just 2-3 years.
 
2022-07-05 10:26:38 PM  

MBooda: Or maybe do the smart thing, like buy a domicile, make the same (or lower) mortgage payments, and eventually own the place where you're living, and have equity to boot?

/naah...then you'd be an eevuul property owner


Look at this clueless nitwit.
 
2022-07-05 10:40:22 PM  

gunther_bumpass: I just show up to housing threads so I can mark the dickslaps who have to tell everyone how great they're doing, and they're fine so what's the problem?


I have you Farkied as "cranky San Franciscan" and so far I've seen nothing to disprove that label.
 
2022-07-05 11:03:54 PM  

DaMannimal: gunther_bumpass: I just show up to housing threads so I can mark the dickslaps who have to tell everyone how great they're doing, and they're fine so what's the problem?

Yeh really annoying.  The funniest part it's always the people that brag about their 3000 sq ft house in a place most would be need to paid to live there.  Sorry, I'm single I prefer to live walking distance among the other single people with lots of shiat to do.  Until this wfh thing I was never home.  Occasionally bring the party to my place, but when the hell are you ever hanging out with more than 6-8 people? And if you do, city buildings have places to party.  Maybe it's because I'm a minimalist and was in Navy, but this idea we need lots of space is foreign to me.


I'm with you on this.  I'm paying under $1000 for a 130 m² 2br 1ba in a happening neighborhood, and that's enough house to entertain, borderline too much house to want to clean; I can't figure out why anybody would want to pay more just to have more chores on the weekend.
 
2022-07-05 11:05:28 PM  

Sleeper_agent: That makes Honolulu look very attractive. You absolutely do not need a car to live there as the bus system is great and the city very compact.


Good luck finding a place
 
2022-07-05 11:06:17 PM  
Denver isn't in the list. Just sayin'
 
2022-07-05 11:12:53 PM  

Sleeper_agent: You absolutely do not need a car to live there as the bus system is great and the city very compact.


This should be every city in America, but we don't like having first world things anymore.
 
2022-07-05 11:18:05 PM  
Fark user imageView Full Size
 
2022-07-05 11:26:03 PM  

Baloo Uriza: DaMannimal: gunther_bumpass: I just show up to housing threads so I can mark the dickslaps who have to tell everyone how great they're doing, and they're fine so what's the problem?

Yeh really annoying.  The funniest part it's always the people that brag about their 3000 sq ft house in a place most would be need to paid to live there.  Sorry, I'm single I prefer to live walking distance among the other single people with lots of shiat to do.  Until this wfh thing I was never home.  Occasionally bring the party to my place, but when the hell are you ever hanging out with more than 6-8 people? And if you do, city buildings have places to party.  Maybe it's because I'm a minimalist and was in Navy, but this idea we need lots of space is foreign to me.

I'm with you on this.  I'm paying under $1000 for a 130 m² 2br 1ba in a happening neighborhood, and that's enough house to entertain, borderline too much house to want to clean; I can't figure out why anybody would want to pay more just to have more chores on the weekend.


Where's that at because that shiat is cheap.
 
2022-07-05 11:29:25 PM  

The Smails Kid: gunther_bumpass: I just show up to housing threads so I can mark the dickslaps who have to tell everyone how great they're doing, and they're fine so what's the problem?

I have you Farkied as "cranky San Franciscan" and so far I've seen nothing to disprove that label.


Good for you, dickslap. most of consider beingg cranky as living  in reality.

Now go get your shinebox.
 
2022-07-05 11:30:08 PM  

DaMannimal: Baloo Uriza: DaMannimal: gunther_bumpass: I just show up to housing threads so I can mark the dickslaps who have to tell everyone how great they're doing, and they're fine so what's the problem?

Yeh really annoying.  The funniest part it's always the people that brag about their 3000 sq ft house in a place most would be need to paid to live there.  Sorry, I'm single I prefer to live walking distance among the other single people with lots of shiat to do.  Until this wfh thing I was never home.  Occasionally bring the party to my place, but when the hell are you ever hanging out with more than 6-8 people? And if you do, city buildings have places to party.  Maybe it's because I'm a minimalist and was in Navy, but this idea we need lots of space is foreign to me.

I'm with you on this.  I'm paying under $1000 for a 130 m² 2br 1ba in a happening neighborhood, and that's enough house to entertain, borderline too much house to want to clean; I can't figure out why anybody would want to pay more just to have more chores on the weekend.

Where's that at because that shiat is cheap.


Tulsa's lower northeast side.
 
2022-07-06 12:44:35 AM  

MBooda: Or maybe do the smart thing, like buy a domicile, make the same (or lower) mortgage payments, and eventually own the place where you're living, and have equity to boot?

/naah...then you'd be an eevuul property owner


Yes, clearly all renters are merely stupid & their inability to buy a domicile isn't hampered by things like inventory, interest rates, credit affected by medical debt, accessibility issues, institutional racism, & a host of other factors I see day in & day out in my job in the mortgage industry.
They're just so dum but you - you are The Smart! Dlckbag.
 
2022-07-06 3:33:15 AM  

togaman2k: My rent went up another 10% in my Northwest Atlanta suburb to $2200/mo. It started at $1650 in 2018.

But it's also a 5 bed, 2.5 bath with a basement in a swim/tennis community.

Newer 1-2 bed apartments in complexes nearby go for $1600 for a 1-bed and $1800 for a 2-bed.


There are all sorts of luxury apartments going up in Athens. Everywhere.
I don't know who can afford these places. Even the parents who are footing all the bills for their college kids would certainly have some kind of limit, right?
Or are these luxury places not intended for college kids?
Of course I have never understood real estate. Nor had a reason to, honestly.

(been in the same apartment here for 21 years)
 
2022-07-06 3:36:02 AM  
We were lucky (!) enough to buy a house in San Diego almost 10 years ago under half a mil. We get cold calls now offering to buy it for a million or more. Refinanced it last year at 2.5% with cash out to hopefully add on, cos we'll never be able to afford anything else here. Our 23yrold and his gf have required our help to make rent (at about $1300/m, just a few hundred less than our mortgage payment) for more'n a year. Thankfully they have a couple McJobs each now and have moved in to a new place where she'll be the ongsite property manager with a discounted rate of around $1000/m. We gotta expand this house quick cos I'm sure it's just a matter of time 'til one or both of em are trying to move back in.
 
2022-07-06 5:41:51 AM  

Mudd's woman: togaman2k: My rent went up another 10% in my Northwest Atlanta suburb to $2200/mo. It started at $1650 in 2018.

But it's also a 5 bed, 2.5 bath with a basement in a swim/tennis community.

Newer 1-2 bed apartments in complexes nearby go for $1600 for a 1-bed and $1800 for a 2-bed.

There are all sorts of luxury apartments going up in Athens. Everywhere.
I don't know who can afford these places. Even the parents who are footing all the bills for their college kids would certainly have some kind of limit, right?
Or are these luxury places not intended for college kids?
Of course I have never understood real estate. Nor had a reason to, honestly.

(been in the same apartment here for 21 years)


My cousin has one of those luxury apartments in Virginia Highlands. Definitely significant family help to pay the $2500+ per month for essentially a studio/loft.

Hell, my area (Canton) is building 3/2 1800 sq ft townhomes or zero lot line tract homes and selling them for $450k+.  Anything nicer is $600k. I'm not sure what all these people do, but anything big enough for a family with a couple of kids is unaffordable unless both parents make well over $100k.

My guess is that parents or grandparents foot most of the down payment. And part of the mortgage.
 
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