Poll: Help with looking at options to move out

[SW15]

Remember, rent raises usually every year 3% - 5% (or more).

Rent doesn't typically rise much at all if you renew your lease, in my experience it's usually at most $10-20 a year when you renew, and some people are still paying rents based on prices ten years ago.

Rent does typically rise. There are a lot of factors that relate to rent increases.

Few people rent the same place for 7-10 years.

 

[Travel memoir21]

Come to the Rio Grande Valley.

Everything is cheaper out here, including housing and Mortage and groceries.

Plus places like McAllen, Brownsville and South Padre Island, got a lively night life on the weekends.

 

[Travel memoir21]

Come to the Rio Grande Valley.

Everything is cheaper out here, including housing and Mortage and groceries.

Plus places like McAllen, Brownsville and South Padre Island, got a lively night life on the weekends.

 

[RickTheToad]

Rent does typically rise. There are a lot of factors that relate to rent increases.

Few people rent the same place for 7-10 years.

You'd be surprised. I have a few buildings with tenants in their who've lived there since the 80s. Every year I raise them due to the increase of property taxes and expenses.

 

[RickTheToad]

Rent doesn't typically rise much at all if you renew your lease, in my experience it's usually at most $10-20 a year when you renew, and some people are still paying rents based on prices ten years ago.

I raise 3.5% - 5% every year. My average rent is $2k a month. So, that's an increase, every year some where between $70.00 - $100.00 a month on renewal. Those fvckers in Stamford raised my taxes almost $300 a month last year. Rest assured I am challenging them in February.

 

[SW15]

I have a few buildings with tenants in their who've lived there since the 80s. Every year I raise them due to the increase of property taxes and expenses.

The whole point of renting is to have flexibility to move when needed.

Every year, the option exists to move without having to go through the ordeal of trying to sell a house.

Renting is better as a shorter term solution (less than 5 years in a specific location).

 

[Sega Genesis]

From the U.S Census Bureau:

>>Rent prices in the United States have been increasing, but the rate of increase has varied by year and location:

>>As of August, rent growth had Rent prices vary by location, with some of the highest increases in Hartford, Cleveland, Louisville, Providence, and Cincinnati.

>>Rents increased 6.5% in Arizona, 8.2% in Florida, and 6.0% in Georgia (Arizona rent growth was not significantly different from growth in Florida or Georgia).

>>Factors that affect rent prices include inflation, housing supply, and regional demand. The Rental Housing Journal forecasts that rents will continue to rise in 2025 and 2026.

 

[RickTheToad]

The whole point of renting is to have flexibility to move when needed.

Every year, the option exists to move without having to go through the ordeal of trying to sell a house.

Renting is better as a shorter term solution (less than 5 years in a specific location).

As with everything in life, it depends. Rent is very expensive these days in New England and many of the major Mid-Atlantic cities. If one can spend $1400 a month on rent or $1400 a month on a mortgage, most times, the one with the mortgage will make out better in the long term. Plus, with rentals, all the expends are tax deductions which equals less money to Uncle Sam and the state.