Are apartments even worth it?

[DirtyDishSoap]

I have to say, as much as I hate with living with other people, most of the apartments in my area are just ludicrously priced. My wage is nothing to brag about and thankfully it's above minimun, but looking at some apartments these couple of months for myself are just ridiculous. 1300 to 1600 a month if you want a room in a nice area (low crime rate), but it's 200 less in an incredibly bad part of town. It's almost a demand to live with others unless you make 40k a year. Are the prices affected by the economy or is it demand? Somone tell me they feel the same because I don't feel like for a single guy it's really fair. Discuss!

[BIG_John]

We are looking about moving back into an apartment for a 4 bedroom we are looking at 1044 to 1084. I know when we lived in an apartment before we were able to save money a lot more but I am living with my wife and kids and don't have someone to split the cost of everything. So an apartment will have its up and downs about it! Like annooying neighbors or people above you or below you if they are loud or you might get lucky and have great neighbors.

[TA1LGUNN3R]

That's what you get for living in P-town, dickbag.

-TG

[DirtyDishSoap]

That's what you get for living in P-town, dickbag.

-TG

Good thing I don't live in Portland, you fucking potato head.

[TA1LGUNN3R]

That's what you get for living in P-town, dickbag.

-TG

Good thing I don't live in Portland, you fucking potato head.

Lyin' sack of shit:

https://www.conquerclub.com/forum/viewtopic.php?p=4828814#p4828814

So Vancouver, whatever. Portland's wart.

-TG

[Bernie Sanders]

I have to say, as much as I hate with living with other people, most of the apartments in my area are just ludicrously priced. My wage is nothing to brag about and thankfully it's above minimun, but looking at some apartments these couple of months for myself are just ridiculous. 1300 to 1600 a month if you want a room in a nice area (low crime rate), but it's 200 less in an incredibly bad part of town. It's almost a demand to live with others unless you make 40k a year. Are the prices affected by the economy or is it demand? Somone tell me they feel the same because I don't feel like for a single guy it's really fair. Discuss!

Rent is based on location, schools and the bells and whistles provided by your rental community.

There's of course, pluses and minuses to rentals. Are you staying for a long period or moving within a couple of years?

[tzor]

Are apartments even worth it? There are a lot of factors to consider here, especially for the single person. As always your mileage may vary depending on the conditions in the market where you reside. Basically there are three general options; apartment, condo, and house.

The advantage of the apartment is that someone else does all the work; all the maintenance, all the taxes. Contracts are generally renewable in the short term, so it's easy to leave an apartment should the job condition change (and since you are single, you don't have as many community ties like your children going to school to limit your movement potential).

Another advantage is the down payment is a few months rent, which you get back should you exit the contract.

The disadvantage is that you are not getting equity in the arrangement. You also loose control about what can be done in the apartment.

Condos are a hybrid. You "own" the inside but the outside belongs to the association. You have the ability to gain equity in the condo. You have more control over the inside of the condo. You don't have to worry about the outside, and that often includes insurance which is purchased at group rates. (Well you don't have to worry unless they somehow roped you into being the chairman of the association, like they did with my Uncle.) But it can be harder to get out of since you basically have to "sell" it to someone else. Selling a condo is as annoying as selling a house and even with an upside down St. Joseph it takes time.

Houses for a single person, unless you live in a old "summer home" area where the previous owners weren't extending the house as new children were born, is going to be a problem. Most houses will be designed for a family, not a single person, so you are buying something too large for your needs most of the time, and that comes with expenses beyond your needs as well. Selling becomes a problem, because you need to find a buyer for the same house demographic as the house is (if people need four bedroom houses and you have a two bedroom house, you are out of luck). You have to worry about all the taxes, all the insurance and all of the maintenance. You do, however get a lot of equity and a good tax write off.

For condos and houses you also need a huge down payment in order to get that loan and you are not guaranteed that return when you sell your condo/house.

[mrswdk]

Are apartments even worth it? There are a lot of factors to consider here, especially for the single person. As always your mileage may vary depending on the conditions in the market where you reside. Basically there are three general options; apartment, condo, and house.

The advantage of the apartment is that someone else does all the work; all the maintenance, all the taxes. Contracts are generally renewable in the short term, so it's easy to leave an apartment should the job condition change (and since you are single, you don't have as many community ties like your children going to school to limit your movement potential).

Another advantage is the down payment is a few months rent, which you get back should you exit the contract.

The disadvantage is that you are not getting equity in the arrangement. You also loose control about what can be done in the apartment.

Condos are a hybrid. You "own" the inside but the outside belongs to the association. You have the ability to gain equity in the condo. You have more control over the inside of the condo. You don't have to worry about the outside, and that often includes insurance which is purchased at group rates. (Well you don't have to worry unless they somehow roped you into being the chairman of the association, like they did with my Uncle.) But it can be harder to get out of since you basically have to "sell" it to someone else. Selling a condo is as annoying as selling a house and even with an upside down St. Joseph it takes time.

Houses for a single person, unless you live in a old "summer home" area where the previous owners weren't extending the house as new children were born, is going to be a problem. Most houses will be designed for a family, not a single person, so you are buying something too large for your needs most of the time, and that comes with expenses beyond your needs as well. Selling becomes a problem, because you need to find a buyer for the same house demographic as the house is (if people need four bedroom houses and you have a two bedroom house, you are out of luck). You have to worry about all the taxes, all the insurance and all of the maintenance. You do, however get a lot of equity and a good tax write off.

For condos and houses you also need a huge down payment in order to get that loan and you are not guaranteed that return when you sell your condo/house.

Can you not buy apartments or rent houses in the States?

[jmyork82]

I have to say, as much as I hate with living with other people, most of the apartments in my area are just ludicrously priced. My wage is nothing to brag about and thankfully it's above minimun, but looking at some apartments these couple of months for myself are just ridiculous. 1300 to 1600 a month if you want a room in a nice area (low crime rate), but it's 200 less in an incredibly bad part of town. It's almost a demand to live with others unless you make 40k a year. Are the prices affected by the economy or is it demand? Someone tell me they feel the same because I don't feel like for a single guy it's really fair. Discuss!

I have been into the same position as you before, wanting to get an apartment for myself and have my own space. But it is absurdly priced to live by yourself. I came to this conclusion. If it were economical to live by yourself, more people would do it. That means the amount of space needed for apartments would drastically increase. Then, if you think a little more about it, if you price just enough people out of single bedrooms, you can fit more people in a smaller space. So, lets say I have an apartment complex with 20 apartments. I can charge 1000 for 1 person apartments, or 1200 for 2 person apartments. Two people can split the higher rent, making it cheaper for them but more profit for me. Hell, I could jack the rent up to 1600 and still come in cheaper for the individual cost and really maximize my profits. Landlords make more money on fitting more people in smaller spaces.

[TimWoodbury]

my 1st appartment with my wife we paid $650ish (heat hotwater 1 bedroom)
i lost my job rent went up at end of lease agreement we went to a smaller appartment for 550ish a month(heat hot water 1 bedroom)
lease agreement came up i had gotten a job me and the wife now went to a trailer for 775 a month(heat plowing trash removal lawn care, only pay electric 2 bedroom 2 bath with small spare room)

the trailer is much better for us then the appartments

[Bernie Sanders]

Are apartments even worth it? There are a lot of factors to consider here, especially for the single person. As always your mileage may vary depending on the conditions in the market where you reside. Basically there are three general options; apartment, condo, and house.

The advantage of the apartment is that someone else does all the work; all the maintenance, all the taxes. Contracts are generally renewable in the short term, so it's easy to leave an apartment should the job condition change (and since you are single, you don't have as many community ties like your children going to school to limit your movement potential).

Another advantage is the down payment is a few months rent, which you get back should you exit the contract.

The disadvantage is that you are not getting equity in the arrangement. You also loose control about what can be done in the apartment.

Condos are a hybrid. You "own" the inside but the outside belongs to the association. You have the ability to gain equity in the condo. You have more control over the inside of the condo. You don't have to worry about the outside, and that often includes insurance which is purchased at group rates. (Well you don't have to worry unless they somehow roped you into being the chairman of the association, like they did with my Uncle.) But it can be harder to get out of since you basically have to "sell" it to someone else. Selling a condo is as annoying as selling a house and even with an upside down St. Joseph it takes time.

Houses for a single person, unless you live in a old "summer home" area where the previous owners weren't extending the house as new children were born, is going to be a problem. Most houses will be designed for a family, not a single person, so you are buying something too large for your needs most of the time, and that comes with expenses beyond your needs as well. Selling becomes a problem, because you need to find a buyer for the same house demographic as the house is (if people need four bedroom houses and you have a two bedroom house, you are out of luck). You have to worry about all the taxes, all the insurance and all of the maintenance. You do, however get a lot of equity and a good tax write off.

For condos and houses you also need a huge down payment in order to get that loan and you are not guaranteed that return when you sell your condo/house.

Can you not buy apartments or rent houses in the States?

Just another example of why you should, "SHUT THE f*ck UP!"

[KoolBak]

Dude, unless you're out in the boondocks, yer gonna get screwed. Even renting a furnished room in someones house is $700 anyway.

Many folks I've known have gone the route of mobile homes to get started....can pick up an old singlewide cheap cheap, many of which are in place, then just the space rent. Typically combined you can get at less than aprtment cost plus you own the unit (small write off).....and you know how cool trailer parks can be.....at least theres not too many tornados around here....

Just got back from hunting in Halfway (Hells Canyon)....you can buy a fucking house for $40 GRAND out there and with your VA financing your payment would be under $400

[DirtyDishSoap]

That's what you get for living in P-town, dickbag.

-TG

Good thing I don't live in Portland, you fucking potato head.

Lyin' sack of shit:

https://www.conquerclub.com/forum/viewtopic.php?p=4828814#p4828814

So Vancouver, whatever. Portland's wart.

-TG

There ya go, Vancouver. Illiterate twat.

[tzor]

Can you not buy apartments or rent houses in the States?

A house that it rented is often called an apartment here, or just a "rental home." But other than short term rentals of "summer homes" I've never seen a house smaller than a family sized house for rent. Houses sized for one person are massively difficult to find, the most common thing is that an apartment attached to a house is available for rental. And around here, even that is rare because of the residential regulations.

[DirtyDishSoap]

Dude, unless you're out in the boondocks, yer gonna get screwed. Even renting a furnished room in someones house is $700 anyway.

Many folks I've known have gone the route of mobile homes to get started....can pick up an old singlewide cheap cheap, many of which are in place, then just the space rent. Typically combined you can get at less than aprtment cost plus you own the unit (small write off).....and you know how cool trailer parks can be.....at least theres not too many tornados around here....

Just got back from hunting in Halfway (Hells Canyon)....you can buy a fucking house for $40 GRAND out there and with your VA financing your payment would be under $400

Wanted to save the VA thing until I actually have a family. Rather not have my own home because I wouldn't know what to do with the damn thing. Hell of a steal though.