because landlords find there's more money in catering to the rich so now its condo city
Because dummy's were buying hi dollar property and then the real estate bubble burst and now all of these "wise investors" are scrambling to make the payments on property that's worth less than half of what they bought it for.
A big part is government intervention in the housing market in the name of safety or stability. That makes it difficult for anyone to offer rents at reasonable rents. And large landlords are happy about it because zoning allows only so many places to be built which often keeps the supply artificially low; therefore, the rents artificially high.
It is so expensive because most landlords have mortgages, taxes, insurances , and in many cases utilities .. as well as maintaince on properties ....
These rising cost are passed in tho the tenants via RENTS ....
If youc an't afford a place on your own; try getting a roommate .... make sure that you have a WRITTEN agreement that included just about any problem that might come up , including who takes out trash , does cleaning , and overnight guest etc ....
Perhaps you need to lower your expectations in a place .. not saying get a dump; BUT something more within the means of the three of you ...
Also; MANY Realtors have a RENTAL Division ... ya' might want to check with a few ..
Supply and Demand. The small town I live in you can rent a 3 bedroom house for $400 a month.
omg really!!! guess whos gonna be your new neighbor :)
Small town in Texas
There are lots of small towns with lots of houses.
Just not a lot of Jobs.
Are you in a major city like NYC or something? Cause you can live real cheap in Detroit!!
Oh my god, say no more! Why dont you just move to Paris, lol! 1500 for a shithole, i know
I bet! Doesn't Detroit have the highest number of foreclosures to date?
Probably. You can rent a whole giant house in a terrible neighborhood for 500 bucks. Just depends on yr nerve
Ouch. Are you going to bail? I might be tempted
I KNOW dude, I have the same problem right now...GRR. Stupid real estate market...trying to maximum gains while giving little in return.
Because everyone is so fricken greedy ! That is why !
That and the taxes. They will tell you that you are not going to pay the taxes, but how do they get the money to pay them for you? Right your rent. So you are paying the taxes...