Are renters crazy lately???!!!???

$1400 for a 2-3 bedroom house sounds cheap.

Cheap??? Lmao.....i guess you are a renter...........

I think you mean rental owner?

It's not about raises. There is a shortage of long-term rentals in SoWal. Owners will set rent as high as they can which is called free market. A smart owner will go a bit under the prevailing rate and get a good renter in quick instead of losing a month or two of rent. The good places at fair rent don't even hardly hit the market but get filled by a friend of a friend.

I think you mean rental owner?

It's not about raises. There is a shortage of long-term rentals in SoWal. Owners will set rent as high as they can which is called free market. A smart owner will go a bit under the prevailing rate and get a good renter in quick instead of losing a month or two of rent. The good places at fair rent don't even hardly hit the market but get filled by a friend of a friend.

That's what I did! I'd rather have someone I know and can trust for less $ then playing renter roulette.

p.s. Post 50! Bam!

The prices of renting a regular house have gone totally and completely CRAZY! Im not sure what has happened around here but if everyone has gotten raises.....I CERTAINLY HAVENT! LOL The economy is still down, gas is still outrageous....so why in the world does all the renters actually believe anyone can afford a regular 2 to 3 bedroom house for $1400-$2000 per month plus deposit....???? REALLY PEOPLE??????:lol:

Supply and Demand...

I have to agree with the original poster here. I noticed when I lived there that most of the locals there were either in the service industry or artists. I somehow managed to find a decent "deal", if you will, but had horrible neighbors and now the entire building is for sale. But, yes, I agree that the prices are crazy...especially when you consider that if you aren't in the service industry, most places in the area are only wanting to pay $10/hr. Even at full-time, 40 hrs a week, is $1600/mo... Makes no sense. Might as well go ahead and put it back on the vacation rental circuit and let it sit empty for half the year. I MIGHT pay that amount of money they are asking in that area for a home I purchased, assuming I found a decent paying job in that area (ha), but to throw that amount of $ away every month? Absolutely not. And I'm the kind of renter you'd want. Clean, quiet, etc. Just my 2 cents though. 😀

Also... it's SoWal... it's gorgeous and all that, but it's priced like Miami and NY... places one might actually find a salaried job.

Also... it's SoWal... it's gorgeous and all that, but it's priced like Miami and NY... places one might actually find a salaried job.

I live in New York and trust me, Sowal rental rates are no where close to what rental rates are in NY.

I live in New York and trust me, Sowal rental rates are no where close to what rental rates are in NY.

Neither are the pay rates.

people are crazy to rent long term. I rent my home only during the hige seaons of spring and summer and can make as much in 10-12 weeks as i can rent it year round and i save 10 months of wear and tear on the home. i have no desire to be in sowal during the hot summer months so it works out great

Neither are the pay rates.

But, even with a comparable job, one still can not afford to be in the City. People have to move further North. Even then, people are competing with many other renters now because previous homeowners are now renters.

people are crazy to rent long term. I rent my home only during the hige seaons of spring and summer and can make as much in 10-12 weeks as i can rent it year round and i save 10 months of wear and tear on the home. i have no desire to be in sowal during the hot summer months so it works out great

And this is why long term rentals are scarce and more expensive.

Less hassle, more money - really can't blame owners for choosing that option.

I also question the reasoning that says a person making $10 an hour is the sole income for a family that is renting a 2-3 bedroom house.

people are crazy to rent long term. I rent my home only during the hige seaons of spring and summer and can make as much in 10-12 weeks as i can rent it year round and i save 10 months of wear and tear on the home. i have no desire to be in sowal during the hot summer months so it works out great

Exactly. Plus then we get to use the house in the off-season when it's not so hot. We've gotten so spoiled by being here in the off-season that we don't even go to the beach in the summer except in the late afternoon (in the early AM we're snoozing) because it's too hot.

I have to agree with you on the high rent..you just have to keep looking they are out there...Heck I paid 750. in Dallas for a very small one bed, and the utilities were at least 200. a month, and that is for a very very small one bedroom.. so let me tell you that isn't that bad, and you do get the beautiful Emerald Coast. Heck people here in Dallas get CEMENT to look at...good luck...I too am looking for a place in Oct...

I have a 3 bedroom for $1200, but I live in the hood that is N 393. I'd move in a heartbeat if I could find a decent rate around here. I am tired of the drug dealing, shootings (someone shot out the glass front door, next door to me, at 1am), cops 2 doors down on a weekly basis, fights, etc. Sad really.

In ATL I had a 2 bedroom apartment for under $1000. I also made about 25% more in salary. I am NOT in the service industry. It's difficult to live well here... but... I love it here... so I deal with it. I know quite a few people who trek it across the bridge from Freeport on a daily to be able to afford to live and work here. Good luck everyone!

If anyone is interested, we have 3 bedroom/2 bathroom apartments in quadplexes available for $1050/month-a comparative steal! You can check out our inventory at www.98rentals.com

So many previous homeowners are now renters, and it is very difficult for many to find what they need in a rental home, in a location they desire, much less at a reasonable rate. though I am sure deals are available. it is one of those situations where you have to know what becomes available and jump in and grab it quickly.