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I honestly can't believe that rent has doubled in my city in less than 20 years.

I'm looking to move out of my current shitbox apartment and was searching on Craigslist for a new place when I stumbled upon a listing for a unit in my very first apartment building that I got on my own back in 2003. It was a shitty efficiency in a shitty part of the city and I paid $325 a month. Now apartments in that unit are going for $650 with ZERO upgrades.

$650 for an EFFICIENCY - a single room with a tiny kitchenette, small bathroom and a walk in closet.

In my area, 1 bedrooms and 2 bedrooms are currently priced around a $100 difference, and some within the same neighborhood.

Rents are getting out of control and my landlord just raised mine 4%..

EDIT: Pics for reference:

https://pic8.co/sh/81BrcQ.png

https://pic8.co/sh/1IkKsM.png

https://pic8.co/sh/Px0aZC.png

I honestly can't believe that rent has doubled in my city in less than 20 years. I'm looking to move out of my current shitbox apartment and was searching on Craigslist for a new place when I stumbled upon a listing for a unit in my very first apartment building that I got on my own back in 2003. It was a shitty efficiency in a shitty part of the city and I paid $325 a month. Now apartments in that unit are going for $650 with ZERO upgrades. $650 for an EFFICIENCY - a single room with a tiny kitchenette, small bathroom and a walk in closet. In my area, 1 bedrooms and 2 bedrooms are currently priced around a $100 difference, and some within the same neighborhood. Rents are getting out of control and my landlord just raised mine 4%.. **EDIT:** Pics for reference: https://pic8.co/sh/81BrcQ.png https://pic8.co/sh/1IkKsM.png https://pic8.co/sh/Px0aZC.png

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[–] • 0 pt

"value" is 100% subjective.

What about your condo has improved to the point where it doubled in this value ? Did you knock down some walls and and an entire other condo of equal or greater size ?

Did you upgrade the furnishings to a more longstanding and desirable material ? Perhaps you added on some amenities like a 10 person whirlpool and sauna.

The reality is, you changed nothing, and the demand for it went up by 200% (illegals) making the law of supply and demand take a greater effect.

[–] • 1 pt

New properties being built in the area increases the property values, and increased property values lead to higher taxes.

Take my county for example; in 2019 a new sports arena opened in the downtown part of the city. A new sports arena can increase property taxes and raise house values within a few years - like it happened in my city & county. It also raises sales tax on EVERYTHING.

Add another 20% national inflation on top of the increasing property taxes because of the new arena (which you & almost every SMART home owner didn't want, but was forced to have) and all residential property amounts increase - which cause rents to go up - Some landlords do it immediately with 10-20% raises while others do it 3-5% every year until they catch up with the rest.

It doesn't matter. In the end, everyone is paying more to keep a roof over their head, no matter what.

[–] • 0 pt

No. This is what the county assessors use to drive up the "value" of your property. "this leads to increased taxes" Exactly. It has nothing to do with your home/condo actually having any set value it's 100% due to the jew-system wanting more of your shekels.

You are at the water, you've taken a drink, and you still refuse to understand that your thirst is quenched. You're weird.

[–] • 0 pt

Brah... Its market value. Is that better?

No reason to play fucking semantics on me

[–] • 0 pt

value...market value...dude, YOU are the one whose playing semantics games. Not me.

[–] • 0 pt

But it isn't like we even disagree here. You say demand pushes the price up, so yes demand pushed the market price or value or whatever else you want to call it.

Is the house more useful? No. So yeah I get what you're saying on that point too.