how much do you pay in rent?

[bockchow]

711 for a 2bdr 1bth in beaverton, OR and thats on the high end for the area. when i was in San Diego it was about 1000 for a 1 bedroom and it was POS.

 

[Bumrush99]

1600 for a 2 bedroom condo in Miami Beach.. Split in 2.. Awesome view of the beach though

 

[cliftonite]

Originally posted by: bleeb
0, live at home

 

[sygyzy]

$1830 2bd/2ba, 2 people total. Split rent.

 

[Modeps]

Originally posted by: vi_edit

Originally posted by: Modeps
$0 in rent. Renting is for SUCKERS

That's a pretty ignorant statement. Renting is a completely viable option if you don't know if you are going to be in an area for long, or if you aren't sure where exactly you want to finally settle down. It's stupid to purchase a house and then turn around and sell it in less than three years.

Ignorant? Not at all. I'm just telling it like it is. I rented too, and it was stupid. If I could have done it over again, I'd totally stay with my parents and save up for a while, then buy a place. I rented for a year, then bought a condo. I'm currently under contract to sell my condo for more than 35k than I paid for it, as well as purchase a home for my wife and I.

If you are renting, you're handing your money to someone else and seeing ZERO benefit for it other than that you are living in an apartment, no tax breaks, no equity, nothing. It's basically flying out the window. While you may think that owning a condo or house is impossible, look at it this way... If you buy a condo, you'll probably be paying about the same to rent that you will in a mortgage. Plus you dont need to put any money down if you've got good credit.

edit: plus with ownership comes the massive tax breaks and the very good possiblity of profit when you sell.

 

[Kenazo]

$400cdn for a 2 bedroom house. Rent is cheap here.

 

[brtspears2]

$895 for a 2 bed, 1.5 bath condo with the crappy HOA fee. I wished the HOA dropped dead, as they whoever is most senior always gets what they want, like extra parking space inside, no parking areas, "oh we should use some funds to redo my garage door since it's peeling paint, "32 units, 33 garages, I move to vote for me to have the extra garage for storage..." Friggin corrupt. Only person that seconds these motions is the damn VP of the HOA, since they are friends. While everyone only gets one garage, and one space inside, the heads of the HOA get 3 spaces and 2 garages, along with parking next to any red curb.

Oh yea, back to the original topic, Riverside, CA, zip code 92507.

 

[simms]

Originally posted by: cliftonite

Originally posted by: bleeb
0, live at home

 

[KLin]

650 for a 2 bed, 1 bath with a 1 car garage in Kingsburg, CA. Small town, lower rent

 

[Doboji]

$1128 1 bedroom in Arlington, VA... cost of living here is suck-azz....

-Max

 

[V00DOO]

$910 for a shi+ hole in Southern Cali.

 

[vi edit]

Ignorant? Not at all. I'm just telling it like it is. I rented too, and it was stupid. If I could have done it over again, I'd totally stay with my parents and save up for a while, then buy a place. I rented for a year, then bought a condo. I'm currently under contract to sell my condo for more than 35k than I paid for it, as well as purchase a home for my wife and I.

If you are renting, you're handing your money to someone else and seeing ZERO benefit for it other than that you are living in an apartment, no tax breaks, no equity, nothing. It's basically flying out the window. While you may think that owning a condo or house is impossible, look at it this way... If you buy a condo, you'll probably be paying about the same to rent that you will in a mortgage. Plus you dont need to put any money down if you've got good credit.

Look, I've got a mortgage on a home already, and in three years I've gained about $25,000 in equity so I know the advantages of owning.

But the part is - not everyone has the luxury of having parents to live with or moving to a place where they know someone. I relocated to Phoenix...which is over 3.5 million people. I had/have no idea where I want to settle down in a city of this size, or if I even want to stay here. So I went the smart route and chose to rent. I got a very nice apartment with more ammenties than most homes that were in my price range. I didn't have to put down $5,000 in closing costs, nor did I have to make a snap decision on where to buy a home. I'll rent for a year or two, and see what I think of the area. I can also spend some time looking at different areas before choosing to buy/build a home.

Renting DOES make sense for some people. Same situation for a lot of people moving to very high cost of living areas - not many people have the funds to mortgage a $450,000 home in California or parts of the East Coast, but they can swing a $1200 a month apartment lease for a couple years.

It's not an absolute.

 

[kalster]

1050 for 1 bed room /1ba in San Diego, CA

 

I share a 1 bedroom in downtown seattle (capital hill) for around 800.

 

[biostud]

~$350 a month for a one room flat 37.5 m^2

Copenhagen, Denmark

bed
rig
table

 

[aphex]

850/mo for a 1 bedroom apartment.

 

[DT4K]

Originally posted by: bockchow
711 for a 2bdr 1bth in beaverton, OR and thats on the high end for the area. when i was in San Diego it was about 1000 for a 1 bedroom and it was POS.

When I was looking at apartments in Beaverton in 2001, the nice one's I wanted were 1000-1300 for 2 or 3 bedrooms. Yeah, there are cheaper places, but I wouldn't say 711 is on the high end unless prices have really dropped in the past 3 years.

 

[DT4K]

Originally posted by: JulesMaximus
My mortgage payment=$1400/mo., 2,200 sq ft home in North County (coastal) San Diego.

Edit-4 Bdr 3 Bth

Did you have a big down payment or did you buy quite a few years ago when prices weren't so outrageous?

1400/mo mortgage in SD is super cheap.

When I lived in SD in 1993, we paid 600/mo for a nice 1 bdr apt and you could actually buy a nice house for 200k.

 

[bockchow]

Originally posted by: DT4K

Originally posted by: bockchow
711 for a 2bdr 1bth in beaverton, OR and thats on the high end for the area. when i was in San Diego it was about 1000 for a 1 bedroom and it was POS.

When I was looking at apartments in Beaverton in 2001, the nice one's I wanted were 1000-1300 for 2 or 3 bedrooms. Yeah, there are cheaper places, but I wouldn't say 711 is on the high end unless prices have really dropped in the past 3 years.

it's on the high end for the couple block area that i'm at, kinda right on the border of aloha. i've seen 2br going for a low as 500 but yes they can jump up alot just a few blocks over.

 

[DT4K]

Originally posted by: bockchow

Originally posted by: DT4K

Originally posted by: bockchow
711 for a 2bdr 1bth in beaverton, OR and thats on the high end for the area. when i was in San Diego it was about 1000 for a 1 bedroom and it was POS.

When I was looking at apartments in Beaverton in 2001, the nice one's I wanted were 1000-1300 for 2 or 3 bedrooms. Yeah, there are cheaper places, but I wouldn't say 711 is on the high end unless prices have really dropped in the past 3 years.

it's on the high end for the couple block area that i'm at, kinda right on the border of aloha. i've seen 2br going for a low as 500 but yes they can jump up alot just a few blocks over.

I never could tell exactly where Beaverton ended and Aloha began. I guess I was thinking about the areas of Beaverton with all the newer large apartment complexes and new subdivisions.

 

[JulesMaximus]

Originally posted by: DT4K

Originally posted by: JulesMaximus
My mortgage payment=$1400/mo., 2,200 sq ft home in North County (coastal) San Diego.

Edit-4 Bdr 3 Bth

Did you have a big down payment or did you buy quite a few years ago when prices weren't so outrageous?

1400/mo mortgage in SD is super cheap.

When I lived in SD in 1993, we paid 600/mo for a nice 1 bdr apt and you could actually buy a nice house for 200k.

Both, put 20% down and bought 5 years ago when prices were just starting to go mad.

 

Originally posted by: Modeps

Originally posted by: vi_edit

Originally posted by: Modeps
$0 in rent. Renting is for SUCKERS

That's a pretty ignorant statement. Renting is a completely viable option if you don't know if you are going to be in an area for long, or if you aren't sure where exactly you want to finally settle down. It's stupid to purchase a house and then turn around and sell it in less than three years.

Ignorant? Not at all. I'm just telling it like it is. I rented too, and it was stupid. If I could have done it over again, I'd totally stay with my parents and save up for a while, then buy a place. I rented for a year, then bought a condo. I'm currently under contract to sell my condo for more than 35k than I paid for it, as well as purchase a home for my wife and I.

If you are renting, you're handing your money to someone else and seeing ZERO benefit for it other than that you are living in an apartment, no tax breaks, no equity, nothing. It's basically flying out the window. While you may think that owning a condo or house is impossible, look at it this way... If you buy a condo, you'll probably be paying about the same to rent that you will in a mortgage. Plus you dont need to put any money down if you've got good credit.

edit: plus with ownership comes the massive tax breaks and the very good possiblity of profit when you sell.

As vi_edit said before, owning is not a viable or smart option for all people in their current situations.

If you're only staying in an area under 5 years buying a house isn't the best route to take.
Closing costs, taxes and money you put into the house will far exceed the appreciation of value in such a short amount of time. Of course there are niche markets, but thoes are going to come to a screeching halt eventually anyway.

 

[DT4K]

Originally posted by: JulesMaximus

Originally posted by: DT4K

Originally posted by: JulesMaximus
My mortgage payment=$1400/mo., 2,200 sq ft home in North County (coastal) San Diego.

Edit-4 Bdr 3 Bth

Did you have a big down payment or did you buy quite a few years ago when prices weren't so outrageous?

1400/mo mortgage in SD is super cheap.

When I lived in SD in 1993, we paid 600/mo for a nice 1 bdr apt and you could actually buy a nice house for 200k.

Both, put 20% down and bought 5 years ago when prices were just starting to go mad.

Congrats. Nice timing.
I also got in on some good timing in my local market. Smaller scale than SD, but we paid 145k for our new 3 bdrm less than 2 years ago and it's worth 200-225k now.

Ours is an example of when it's a good idea to buy even for the short term. We could have sold our house 3 months after buying and walked away with 10-20k in cash. This is an exception to the rule though and I agree with SampSon and vi_edit that buying is NOT always the best idea. It obviously depends on the market, but in most cases, you shouldn't buy unless you are going to stay for a few years.

 

[iotone]

$415 2 Bdr Apt
1 Roommate
Irvine

 

[episodic]

Southern Arkansas 3 bedrooms, 1.5 baths, den, living room, kitchen, laundry room, dining room, front and back porch, basement (which is my rec room), about 1300 sq feet, + 1/2 acre and a fenced in back yard.

325$ a month.