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8BitSk8r t1_iwvgtjw wrote

I need to buy, rent is astronomical where I live (and I don't buy into the "well the apartment buildings take the risk" bullshit the rich try and peddle).

Unfortunately buying is impossible to. A tiny, one story house in the rust belt of PA shouldn't be $250k+ with 7% freaking interest. I shouldn't have to pay $1600 a month for such a house that's literally big enough for one person.

It's disgusting.

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[deleted] t1_iwvxgl2 wrote

I pay more than that for a one bedroom apartment in the suburbs 😭. A house is a pipe dream.

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SweetCosmicPope t1_iwwax6r wrote

That's the thing, right? Rents have gone up just as much, if not more, than mortgages.

When we bought our house in 2017 we had rented two previous places over about 5 years. The first one started out at about $1300 a month for a luxury apartment in a nice neighborhood. After the first lease was up it jumped to $1900. We couldn't afford that at the time, so we moved way out in the boonies and rented an attached townhome for about $1400 a month. When we bought our house, it had just gone up to also $1900. Our mortgage is $2200 (including escrow), so at the time it was a slight bump up, but we could afford it.

It's been 5 years now, and I'm not sure what the townhouse is going for, but the other day I happened to be in the neighborhood of my old apartment and looked up how much it's going for just for laughs: $4400 a month for a 900 sq ft 2 bedroom apartment.

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thunder_struck85 t1_iwweey6 wrote

Could be worse. You could be in Vancouver and that same house would be $1,000,000 and you would have a job making 30% less .... so at least you got that going for you.

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Fun-Translator1494 t1_iwxstac wrote

“Getting your finger nails pulled out while someone sticks a needle in your eye isn’t cool, but at least someone isn’t also shoving a hot fire poker up your anus, so relax bro you have it good”

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ScrewAttackThis t1_iwwlwrx wrote

Home prices are about $500k around me. It fucking sucks. I'm just saving money while I have a $1100/mo rent.

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smogeblot t1_iwzgh16 wrote

>A tiny, one story house in the rust belt of PA shouldn't be $250k+ with 7% freaking interest.

Are you sure you're not looking in Bucks County or something? I can find dozens of medium sized houses all over the rust belt around $100k.

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54794592520183 t1_iwxqpmc wrote

My rent for a three bedroom apartment is less then that, and I am in what used to be a trendy neighborhood….

Northern Chicago burbs are around 250-300 for a 3-4 bedroom house. It’s a bit cheaper across the border In Wisconsin.

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