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What was the price of rent you paid from 10 years ago compared to what the price is now for the same place? (lemmy.world)
submitted 2 months ago by to c/asklemmy@lemmy.ml
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Go look up their website current prices and report back. Let's see how shocking it is.

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[โ€“] 7 points 2 months ago (5 children)

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.

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  • [โ€“] 3 points 2 months ago (4 children)

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

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  • [โ€“] 4 points 2 months ago* (3 children)

    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.

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  • [โ€“] 3 points 2 months ago (2 children)

    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!

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  • [โ€“] 2 points 2 months ago (1 child)

    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.

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