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

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ByteOnBikes@slrpnk.net
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ZombiFrancis@sh.itjust.works
7 points

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.

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AwkwardLookMonkeyPuppet@lemmy.world
5 points

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.

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ZombiFrancis@sh.itjust.works
3 points

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.

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AwkwardLookMonkeyPuppet@lemmy.world
3 points

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.

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