• ZombiFrancis@sh.itjust.works
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    3 months ago

    My 2007 apartment was $475. It is now $1,485.

    Rents were fairlyish stable until the housing market crash.

    That apartment was $790 in 2010. The rent hike was a long time ago, and since then it has just more or less been following inflation/gouging patterns seen elsewhere.

    • AwkwardLookMonkeyPuppet@lemmy.world
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      3 months ago

      I will acknowledge that shit went crazy after covid too. My rent went up 22% in two years, and house prices were going up hundreds of thousands of dollars within a year.

      • ZombiFrancis@sh.itjust.works
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        3 months ago

        Yeah that’s true. I was lucky enough to have gotten a mortgage right before covid so I haven’t personal experience on rent hikes as a result, I recognize.

        • AwkwardLookMonkeyPuppet@lemmy.world
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          3 months ago

          It finally pushed us to get serious about buying, and we bought a home at the end of last year. We were feeling like we’d never be able to afford a house, but we made it happen! We had to move an hour outside of the city, but we still made it happen.