Go look up their website current prices and report back. Let's see how shocking it is.

I did not pay rent 10 years ago on account of being a kid, but I do know what it was, which is 150€/month. Anywho that specific apartment also isn't listed at the moment but places of similar size in a similar area are ~450€ it looks like :3, though those ones are also in a nicer state than the place we used to rent

That’s pretty funny that you say ten years ago because that’s exactly how long ago we moved into this house. So the last apartment we stayed at was exactly ten years ago (and a few months).

The rent we paid at the time was $2200 USD. It’s now $3000 which is actually less than inflation.

university housing was like $9K for two semesters, roughly $1k/month, which included a room, utilities, internet, laundry facilities, gym access, and a cafeteria meal plan (iirc 15 entries per week)

looks like now it's like 15-17k

My mortgage is 450€ and was the same 10y ago (fixed rate).

Meanwhile, my friend's rent was 350€ 10y ago and 550€ today.

The first listing was in 2017 it was $2800. Now I pay $3500. It's a full sized house though.

$1600/mo, but they raised it to $2600/mo a year later. I moved out.

That was about 10 years ago.

10 years later and it’s back down to $1600/mo.

$2,300 now and ~ $1,500 in 2016. 🥲

The bigger shock is our previous apartment that we left in 2014 because it was an unlivable dump. It was like $1600 (had roommates) but got gentrified to $3700 💀

I paid $450 for a single room in a house share ten years ago. Now it’s $850 for rooms on the same street

$570 for my share of a crappy house in the middle of nowhere

Now I pay.... Oh god, a lot. Quadruple that. But I live in a really nice city an ocean away

Edit: oops now that I have had coffee I'll compare the same spot.

Looks like it'd be pretty similar, maybe $650 pp for a comparable one.

Man that area was cheap

Was £1,235/mo in 2016, now a similar flat in the same block is around £2,000/mo.

Honestly, I’m surprised it’s not higher.

It's been more than 15 years since I rented. But it was around $370 and now they're charging $1000-1750. Not sure what the difference is for the 1BR apartments to have such a range. They list the same floor plan and square footage. My only guess is that this place has electric heat for some of the units so these might be the less expensive ones might be those with electric heat and they want a tenant before winter hits.

8 years ago I rented a relatively large house for 750 BRL, which converted to $215 at the time. The same place is now twice as much in BRL, but the conversion rate changed and 1500 BRL is now worth $294.

I bought a house ten years ago. I've locked the mortgage payments at ~$1000. I've since moved countries and been renting it out for the last four years. The current tenants pay ~$2200 and their own utilities. Seven more years and my mortgage is no more.

Being a landlord is kinda cringe ngl

I've been paying the same price for the last 10 years because I moved from San Francisco, to Austin, and then to Chicago -- and the price in the last two caught up to San Francisco's price while i lived there.

There are many costs and processes involved with owning. Not everyone wants to own or is going to be in a place long enough where it makes sense to own. Getting rid of all landlords introduces its own problems.

$750 is kind of a wild range, but I've had it be based on which floor your on (top floor might have an elevated roof) or if they've renovated/modernized some of the units with that floor plan, vs older ones being the lower price. I've also seen some where price will also depend in which side of the building you're on (you pay more to get more sun or ate slightly closer to the garage)

I looked up a dump I lived in in Durham NC 1996-99. I paid $420/month for a two bedroom.

Today they want $2500/mo but they upgraded to grey click flooring.

The tale of one rental

2016 - $800

2017 - $875

2018 - $900

2019 - $1100

2020 - $1100

2021 - $4800, and I left that city and moved to another one to halve my rent to $2400 in a one bedroom.

Jesus! Do you mind saying where this was? That's bonkers.

Beach side Tampa FL. Was pretty crappy. Craziest part was that was with the employee discount of the rental company too.

When I moved to the house it was worth 325k which was about 20k more than the immediate house next to mine was worth and was sold for in 2018. Post covid that same home sold for $50k over aksing value in cash within a day of listing at just under 1.5 million. Many people moved that year after selling.

The market isn't quite so insane anymore but still wildly expensive sitting at those values when I moved. No one is buying at those rates anymore but no one is willing to budge on selling price either.

I can't give you 10 years ago cause thank fuck I was fortunate enough to buy a house.

2012 I was in a triplex with 1 bed 1 bath. It was a converted farm house so I'd guess I had somewhere between 800-900sq ft. $625

2026 the same unit with no updates and the floor is sagging because no one did anything about the wood supports on the dirt floor sinking in the basement... $1100

Not quite but nearly doubled. For reference. My mortgage is $1250 for a 3 bedroom 2 bath 1,500 sq house about 10 blocks away. I'n 2014 I paid $155k, it was move in ready and a 90s house. That being said, my brother is in the next neighborhood over, 1950s houses that needed all new electrical and plumbing and work in the HVAC and complete new sub floors and it has asbestos. ~1,000 so ft. $225k in 2024. Fucking insane.

Edit to add, I charge my roommates $350/m for a room. At Max I've had 3 roommates at a time so all rooms filled. I'm not trying to fuck anyone over. General room rental prices are $600+ near me for a single fucking room.

12 years ago I paid 400 aud a week for a 2 bed 1 bath unit now it's 670

I bought my house then too and it was only 450 a week mortgage for a 3 bed 1 bath house so it was only a carton of piss a week extra to live in my own place.

Now a carton of piss has gone up 30 dollars to 80 for the same thing

~$2k back in college (dorms are stupid pricey and I didn't know any better). ~$2k on mortgage now so it's less of a waste

Wild. The glut of folks flooding into Florida must have something to do with it. Maybe the rich are kinda eating themselves?

Hope you're enjoying your new place!

Oh yeah new place is great! You've hit the nail on the head with your guesses it's a combo of these tbh. The one thing about that old house is it was wrecked two years later by a hurricane. Was completely under water and torn apart. So the rich def ate themselves there. Even more so because three insurance company didn't pay them out.

$1300 --> $1800 2 bedroom 2 bath

Landlordposting from another country while you pay your mortgage on a property you don't live in using someone else's income

On .ml of all places 🤣

You love to see it.

The costs are still always less than owning because the owner is making a profit so this doesn't make much sense.

The only good argument is that people might not want to be in a spot for long.

The costs are less long term as an owner but owners are also responsible for repairs. As a renter you only need to cover monthly rent.

And as you noted not everyone wants to be or will be in a single place for long.