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emilouwho687 t1_j8mv8vt wrote

Check your town website for information on rent control or if you have a tenants board. Or google ‘town+rent increases’. My town in essex count caps the % a landlord can increase per renewal, but I know not all towns have this.

It def sucks but I wonder if your complex was seriously under market for awhile? That’s a big increase but unfortunately it seems on par with market rates.

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AhoyGoFuckYourself OP t1_j8ndc7i wrote

>It def sucks but I wonder if your complex was seriously under market for awhile? That’s a big increase but unfortunately it seems on par with market rates.

Yeah, I think my unit was under market and I was lucky to have the rate that I had for so long. It would be awesome to buy, but I'm not sure I have quite enough for a down payment and it's not a great time to buy with the housing market. So hopefully I can find something more affordable. Or I'm just going to be in a situation where I won't be able to save to buy a house and all of my income will be going to renting.

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emilouwho687 t1_j8nezzj wrote

I saw in another comment that you’re a teacher? I married one so I feel your pain about affordability. We were only able to start really saving when we moved in together and could split bills. We have a kid now and are still renting- been trying to buy a house for almost 3 years. We even have a decent down payment and budget but wow this housing market is awful!

Hang in there!

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BacktotheFutureTmw t1_j8olqpw wrote

Yes, the market is rough depending upon the towns you are looking in. If it's your first time buying, be sure to look into the first time home buyer's grant! Can save you on closing costs.

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