30 years ago you couldn’t find a reasonable place to rent for $700 in my smaller NC city. Today the prices here are around $2000 for a reasonably nice apartment. I’m not saying there isn’t somewhere in the US where those rents can be found within that time period, but I’m skeptical there isn’t some exaggeration going on here.
Which area of NC?? I lived in Hillsborough for a time, and 10 years ago I was able to get housing for $750/m. You’re saying that 30 years ago it was more expensive? I’d like some sources, because I think you’re either misremembering at best.
Greensboro, NC. Maybe not such a small town in NC, but small on a national scale. To be honest, my comment was anecdotal and from memory. But a quick search led me to deptofnumbers.com/rent/north-carolina/greensboro. It goes back to 2005 where the median residential rate was listed as $794. So, my memory is likely colored by what I considered as “acceptable” conditions as well as expense in 1993. I ended up renting a room, with no real kitchen, but a nice enough bathroom, for $400. Yes it was cheaper, but the kitchen was basically an alcove with a dorm fridge and a microwave at the end of the hall. It was not a place you’d bring a date home to. I recall that actual “nice” apartments I looked at were around $800 or so
Edit, whoops had to change to nominal dollars. 2005 median was $635.
30 years ago you couldn’t find a reasonable place to rent for $700 in my smaller NC city. Today the prices here are around $2000 for a reasonably nice apartment. I’m not saying there isn’t somewhere in the US where those rents can be found within that time period, but I’m skeptical there isn’t some exaggeration going on here.
This is absolutely true in Cincinnati.
20 years ago you could rent an apartment for $700 that today goes for 3500? That truly is crazy.
Which area of NC?? I lived in Hillsborough for a time, and 10 years ago I was able to get housing for $750/m. You’re saying that 30 years ago it was more expensive? I’d like some sources, because I think you’re either misremembering at best.
Greensboro, NC. Maybe not such a small town in NC, but small on a national scale. To be honest, my comment was anecdotal and from memory. But a quick search led me to deptofnumbers.com/rent/north-carolina/greensboro. It goes back to 2005 where the median residential rate was listed as $794. So, my memory is likely colored by what I considered as “acceptable” conditions as well as expense in 1993. I ended up renting a room, with no real kitchen, but a nice enough bathroom, for $400. Yes it was cheaper, but the kitchen was basically an alcove with a dorm fridge and a microwave at the end of the hall. It was not a place you’d bring a date home to. I recall that actual “nice” apartments I looked at were around $800 or so
Edit, whoops had to change to nominal dollars. 2005 median was $635.
Shit 20 years ago I rented a 2-bedroom place for $300 a month.
Most rent I’ve ever paid was $550/mo for 2-br with 1 roommate. Now I have a mortgage that’s under $800 on a 3-br house with land.
It’s achievable by living in a low cost of living area. When you live in the big city, you pay out the ass for rent and never can afford to buy.