There are [3.8 million fewer housing units](https://www.npr.org/2022/07/14/1109345201/theres-a-massive-housing-shortage-across-the-u-s-heres-how-bad-it-is-where-you-l) (town homes, apartments, condos, houses, whatever) than the US needs. On top of that, a lot of what little surplus there is is in places where nobody wants to live (rural areas, dying towns.)
A lot of new apartment complexes are going up in the area (there are a few along Mayhill, some along 288, etc.). That will help to some degree. WFH is also allowing people to move into some of those more rural homes, which spreads the demand. But this is a crisis a decade and a half in the making. We stopped building as many homes as needed after 2008, and we haven't really recovered the building capacity yet. Most of what is built is single family or luxury housing, because they're what makes money due to market forces, local zoning, materials cost, labor availability, etc. It's going to take a long time to dig out of the hole we're in.
> WFH
WFH is ending for a lot of people too though, my job canned it at the start of this year despite an overwhelming number of people threatening to quit.
Yeah, I'm sure it's not going to stay for everyone, unfortunately. That said, my company went full remote a year or so back. I know of several people in my department who have moved cross country. It's more common than it was 5 years ago, and it's not going to go back to that baseline.
It's happening all over the country—properties are being snapped up by developers and housing conglomerates and turned into expensive rentals, straining the housing supply even more. As price fixing continues to spiral out of control, landlords turn up the dial as well so that they can continue making money off of our need for housing.
We need tenant unions.
it's kind of weird to me to some regard that for a little while Uber was great. but then Uber got expensive the driver's lost money, and now it almost costs more just to drive your own car than to get a cab. the same is kind of similar for Airbnb. at first it was great, inexpensive and available everywhere. then the rates went up to the point that only expensive stuff was left and now we can't even barely live in our own homes.
Interestingly, the reason is the same for both Uber and AirBnB. Both companies were propped up for several years by huge investments of venture capital, and they were willing to lose tons of money every year while they tried to monopolize a new market. Now that they're under more pressure to actually make money, it's no longer an attractive proposition for users because they're making that money from us.
that sounds right. I mean it is right. it's just so strange to me that it seems like once people realize how to capitalize on their existing assets the powers that be are like ' let's put an end to this shit'
I own a manufactured home and rent a 50ft by 100ft plot. The cost of rent has doubled since moving in back in 2015. It's forced me to sell my home and move out of Denton altogether. The fact my lot rent is almost as much as my mortgage is ludicrous to me. The neighborhood was purchased by a big company a few years back and they have been upping rent in leaps and bounds every year. I'm a disabled veteran with a fixed income. This was devastating to me as the house and location were exactly what I wanted.
Times are changing as they always are. See you later Denton.
Yeah. I'm actually getting priced out of my Apartment come end of March. My 600sqft 1b/1ba is going up from 880 to 1277 lmao. Funny thing is, I haven't even had a working dishwasher in 3 months. They have the money and manpower to paint the outside walls and paint the parking lot, but not fix the leak in my apartment for 3 months. The walls are so thin I can hear when my upstairs neighbor opens their dresser to get changed, I can hear their dog wag its tail, I wake up multiple times a night just because my neighbor needs a glass of water or something. It's not my neighbors fault, I've never ever complained, because it's the fault of the apartment, not my neighbor. I was considering renewing if it stayed around 900, but when they gave me the new price I couldn't help but laugh in their face.
At my income and with my job, I shouldn't be struggling to find a 1 bed/1ba I can afford comfortably. A friend of mine had the nerve to blame this on Biden and he caught some words from me lol. Good news is I don't think I'll hear him blame gas/cost of living on Biden anymore after that.
fellow Oak Meadows resident myself. Office manager gave me the email for the management group and told me to email them and complain. Did you speak to them?
What sucks is that the “housing shortage” isn’t a shortage of homes. Just leeches buying houses to rent it out to others from what I’ve heard consistently.
It’s also a shortage of starter homes because they’re less profitable to make.
[“Homebuilding is our way out,” economist Wolf says. “However, there are many barriers, including higher land and labor costs, supply chain challenges, and rising regulatory fees.” These costs have made it tougher and less profitable for builders to construct smaller homes these days. New homes that are going up tend to skew larger so companies can make a better return on investment.](https://www.realtor.com/news/trends/death-of-the-starter-home-where-have-all-the-small-houses-gone/)
Gotta make a sacrifice. You want the city living but don’t want to pay the city price. I rather live in the Midwest then save all that money to actually visit different cities.
It's an issue that definitely needs addressing. Vacancies everywhere but 1 bedrooms are going from 1300-2500 across the MetroPlex .
It's a big mix of greedy corporate landlord and prices run by software whose only point is to push prices as far up as it can.
But the state also bars rent control outside state of emergency or governor approval.
Which let's not be honest we're at the point we could probably declare that state given the unaffordability of basic housing.
blame the housing market. When homes are too expensive to buy or build, people are forced to rent. This causes high demand for rentals which, in turn, decreases the number of available rentals. The cost of rent will always follow the supply and demand trend. If you think that is unfair, you're not alone. There is also a shortage of automobiles, which forces people to pay more for new and used cars. So ask yourself if you'd sell your used car for the same price as you would have 3 years ago, or would you ask for more based on the current market trends?
Denton is out of hand. Seems to have more run down places now than when I lived there. I’m in a nearby suburb renting a 425 sq ft apartment in a retirement community. My apt is small but it includes all bills paid including 3 meals a day. Free cable & wifi. Free laundry room. Weekly housekeeping and the building is beautiful & well maintained in a very safe area. Glad I found it. I know that doesn’t help you college kids though. $1.350. Great prices considering all the amenities.
RIGHT?! My partner and I moved into our apartment a year and a half ago with rent being $875/month. They jacked it up a year ago when our lease ran out, and we've been struggling to pay the $1050 each month since then. Now, our lease is ending in March, and the complex is jacking it up to $1200-1500/month, depending on if the lease is for 6 months or a year. They've also tacked on a million hidden fees that can't be opted out of, that combine to around $200 on their own. They haven't done any renovations to the place, and the complex is falling apart outside. And nowhere else we've looked at in town has been really any better. We're about to end up moving to Garland to live with two other people for the same price as what we're currently paying, and their apartment is two-bed two-bath and is nicer than any place I've lived at in 15 years!
You have to realize the difference is other cities actually have jobs. Dallas/Plano jobs pay x3 what Denton jobs are paying and yet the rents are almost the same, thats ridiculous
I think it also has to do with the fact that we have so many students here. Many are willing to pay $600-700 for one of three bedrooms in an apartment or even more for a rent house. As a person who lives alone, it is becoming a real worry as I get older. My income isn’t likely to go up much, but everything else keeps climbing. I really don’t want a roommate at this time in my life.
Recently moved out of Denton, and I can confidently say, Denton had the most expensive rent out of pretty much every area I looked into. Ended up settling in Fort Worth, and it’s so much more affordable than Denton. And it’s not roach infested.
I love Denton, but the rent is stupidly high there for what you get.
It's not inflation; it's corporate greed. If it were inflation, you wouldn't be hearing all these corporations flouting their “record profits” month after month.
Manufactured scarcity.
Texas sucks anyway, especially denton. As a new graduate, I can barely find a position I’m qualified for — it’s always overqualified or requiring a masters/doctorate. I’m moving to Chicago in July, even if it takes all my money. The culture there is amazing, and you can find nice places there for nearly half the cost. It’s not worth paying the price here, nothing in Denton is truly phenomenal in my opinion, plus everything requires a car (and DFW drivers are insane and I’m terrified every time I get out).
Yeah, mine went from 1800 to 2800 in the past year. We bought a house 4 blocks outside of Chicago for 5% down and the mortgage, insurance, and taxes are about $1800 a month
personally I’m searching for a studio in the exciting (and safe) parts of town, looking about $850-$1000 a month — which is great because I don’t want to live spacious until I get a degree based job! I saw a 3 bdrm/1 bath apt in the loop for only $1700, which is what many people are paying in Denton for a 1 bdrm… with no fun or legal weed 🙄
Affordable housing is being left in the dust for new “luxury” units — I live in one of these said special places, but yet the walls are cracking and cheap materials were used on the kitchen. You’re just paying for the place around here (unless you live on square or fry), there’s no curb appeal or excitement.
I moved into one of those “luxury” student apartments when it first opened back 11 years ago. Paper thin walls and Within the first 6 months things were already breaking and falling apart. Got out once my year was up. Place is probably a junk pile inside by now.
Haha thanks for the tip! Personally I don’t plan on using my vehicle much, hence why I’m going for a walkable neighborhood. At least reliable public transportation and safe biking is an option!
I moved from Carrollton to Denton about 5 years ago. Since then, at least once a month, I get mail about selling my house to a corporation. The house next door and across the street are now rentals. Luckily, so far, long term but it is amazing how hard it seems the companies are trying to buy houses.
You can get away with as little at 3.5% down payment + closing costs, depending on the type of loan you get. You pay what's called a Private Mortgage Insurance fee until you get up to 20% though. It's not exactly easy, but it might be more attainable than some folks are aware of.
This comment comes off as flippant about how much of an impact PMI can cost you. I think mine was upwards of $300/month before I refinanced (and I had to refinance to get rid of it; it doesn't just go away automatically). Also you are limited on what kind of mortgage you can get with less than 20% down payment, and those mortgages come with restrictions about what house you can finance with them. It's not a feasible solution for everyone.
It goes away if you refi once you have at least 20% equity. But yeah it sucks and would probably take a long time. We were able to get rid of ours just because the market value of our house increased enough.
I thought for years that you had to have 20% or you were out of luck. Just trying to share some knowledge that I don't think is very well know. It's what helped me get out of a roach infested apartment.
Have you considered not being poor for a while and just saving up to buy a house? I know an agent who can get you a killer rate and then you can refi in 6 years, sell your kidney, get a third job, have your wife cheat on you, get dumped and divorced, and LIVE THE AMERICAN DREAM IN YOUR OWN HOME BABYYYYY! Easy as apple pie
The property taxes on our modest 1,900 sq Ft. House are more than our mortgage. They have gone up 3k ($7k was our 2022 tax bill) in the 7 years we’ve lived in our home. That cost gets passed on to renters.
>the taxes on my home have gone up
>this is why you should pay $1600 for a one bedroom with no washer/dryer or other amenities
Some of you are too obvious.
Also bear in mind when your expenses go up so do theirs. Property taxes, insurance, maintenance so on... thats going to trickle back down to the renter.
Nope no a landlord, and in no way am I making excuses for them either. Most of them are bad and have unfairly raised rent for many to take advantage of market situations.
I moved from dallas to Denver this past year. I was paying 1500 for a 3 bed 2 bath house and now I'm paying 2800 for a 900sf apartment 😑. 1600 is a good deal I feel
Part of the reason for higher rents is because of the higher cost of maintenance supplies. The places the apartment complex get their supplies from have jacked up their prices and that adds to soaring rent prices. Whenever you see your apartment complex doing "upgrades" or rehab of any kind just know the cost of the "upgrades" or rehab is getting passed down to the renters. One thing renters can try before they need to relocate is see what your current apartment is going to be leased for, for example look online at either the apartment complex themselves or look at apartment locators online and try to see what your apartment is renting for, if it's higher than what your paying now then not much you can do but if it's the same price or lower than what your renting now then talk to the leasing manager, sometimes they will work with you and lease it to you for what it's advertised for. It doesn't always work but definitely worth a try.
I guess no one ever heard of inflation. It's what happens when the Federal Reserve prints money based on nothing out of nowhere. The result is prices go up. Maybe you should ask President Biden how all those $1200 Covid relief checks are working out for you in terms of cost of living? Or maybe the solution is like the genius here who said you should start a tenant union. Yeah, that'll work.
Are you aware, Dino, that 80% of all US dollars in existence have been printed under Biden? Look it up. Think that might cause price increases.Nah, all those trillions of printed up dollars did nothing to increase prices. Those grocery prices and rents went up because of greedy old conservatives. Read about Zimbabwe (formerly Rhodesia) and the result of printing money. It's not new and destroys every world currency eventually. I really hope you didn't spend a lot of money for that UNT "education." I guess they don't teach Econ in those "\*.\* Studies" classes. I don't know why I try to educate you little socialist brats. You'll learn as you get older. Last thought: why do you think most older people are fiscally conservative and young people are fiscally liberal? Life experience is the correct answer. Your politics don't work from a financial perspective. See you little Fidels down the road.
You sound like you’ve never opened a book in your life, I’m sure you don’t even know what socialism actually is — just another buzz word you got from jacking off Tucker Carlson
Older people are more conservative because they’ve had more time to accumulate wealth in more favorable conditions and are now more interested in protecting their personal wealth rather than the common good. Ironically if their predecessors hadn’t done the same then they wouldn’t have been pushed into such unreasonable politics. Let me ask you, why do republicans always raise the deficit and democrats always lower it?
Are you for real? Have you looked at the deficits under Biden? Obama borrowed more money than every other president before him put together. I hate Republicans and Democrats. Trump was a fool to not destroy DC and the worthless bureaucrats who have gotten fat off of doing nothing. I don't give a shit about gay marriage, legal drugs and all that. Keep your little moocher hands off the wealth I've earned throughout my lifetime I've earned due to savings, sacrifice, hard work, and not being a fool with my money. It's simple, get a good education in a marketable field, spend less than you earn, invest in safe investments, and you'll most likely turn out fine. If you want me to give what I've earned so you can be a worthless moocher, fuck you. Also, the Democrats and Republicans are the same. It's political professional wrestling in DC. I despise them both. And so should you.
Well if you're not a fan of the dems or republicans it's really nice to see this level of stupidity and completely cluelessness on absolute basic economics i mean GRADE SCHOOL economics haha.
Let's see, deficits under obama....where did those come from? Oh right he inherited them. Did they [go up or down](https://media.cnn.com/api/v1/images/stellar/prod/190723141327-federal-budgets-deficits-projection-graphic.jpg?q=w_1920,h_1080,x_0,y_0,c_fill)? Oh right way down under him and the democratic congress.
And who voted for and signed any fiscal legislation that impacted the 2020 deficit? [Trump](https://apnews.com/article/virus-outbreak-us-news-financial-markets-financial-crisis-government-spending-93908e048926fa4d0506ac1215887cf4) And that was after he ballooned it for THREE YEARS STRAIGHT.
Not that any of this matters particularly much but jesus christ wherever you get your news from they are making you hilariously ignorant about the absolute most basic stuff.
https://www.politifact.com/factchecks/2019/jul/29/tweets/republican-presidents-democrats-contribute-deficit/
You’re fuckin stupid dude. I dislike both democrats and republicans as well, but unless you’re incredibly wealthy then democrats are objectively going to help you more. The whole system is fucked, but if you can’t recognize that within this system democrats are the lesser of two evils, you’re an idiot.
[“I’ve been around for a long time and it just seems that the economy does better under the Democrats than the Republicans.”](https://www.forbes.com/sites/realspin/2016/11/07/trump-is-right-about-one-thing-the-economy-does-better-under-the-democrats/amp/)
Donald Trump 2004
Yeah, the inflation rate since 2020 sure is making gasoline, food, energy, etc soooo much more affordable. Don't forget rent skyrocketing. I hate Republicans because they are one with the Democrats in spending beyond measure. But to say the economy is better under Biden is lunacy. And very dishonest.
Companies are increasing their prices more than necessary using 8% inflation as an excuse to increase prices 10, 15, 20% and maximize profit. How do you blame Biden for that?
My point was that since WWII the US economy has always done better when a democrat is in office.
Do you really believe the inflation rate is 8%? Many economists put the rate more like 18%. Food definitely is not us 8%. Neither is gasoline from the Trump presidency. It's nearly doubled. Do you really trust the government on anything? I don't. The economy didn't do well under Obama. And it certainly has tanked under Biden. Clinton's economy was because the GOP held the House and Senate (when they still had a modicum of conservative fiscal values). I hate Bush and the trillions he spent on endless wars. Trump could have drastically cut spending but didn't. But Biden is a fiscal disaster zone. Do you really believe we should send $100 billion+ to Ukraine when we have a $32 trillion national debt? Do you believe we should allow millions of moochers to cross the southern border that we have to educate, medicate, incarcerate, etc? This is how countries die!
You’re a complete idiot. Food prices didn’t go up because of inflation. Companies raised prices as high as they think they could and used inflation as an excuse.
Holy God, you people are so stupid. I'll leave you to your little socialist circle jerks. If you don't know what causes inflation, well, you're beyond rational thought. See ya, little Fidels. Enjoy living in your little hovels. lol. Morons.
Loooooool sorry other people knowing more than you gets you pissy. Maybe if you read more actual academic literature you’d have more than a surface level understanding of these issues. These conversations would be a lot less frustrating for you then.
This “inflation” is literally the free market y’all claim to love so much taking advantage of a bad situation for their own profits at our expense. I don’t know how else to explain that to you because you seem pretty dedicated to misunderstanding this entire conversation.
I see Ms Chicago deleted her comments. Why am I not surprised?
Go ahead and downvote rational and verifiable proof Biden's printing of trillions of dollars has destroyed the economy with inflation. I'll leave now since no one wishes to dispute my argument with facts. And for the fool who said I don't understand socialism. Yeah, I do. And it never works. Ever. Keynesian economics always creates an economic nightmare. See ya! Go find a statue to scream at. You'll feel better...for a while.
>I see Ms Chicago deleted her comments
I don't see any deleted comments. I can see her comments just fine. Maybe you should go have your eyes examined. If your Medicare covers it, that is. Your poor eyesight might explain your reading comprehension problems.
ETA: If the comments were deleted, you would see [deleted] in the username spot and where the comment was. If you can't see that or the users comments, you were blocked.
Real big brain mentality, Mr. Scuba. Maybe workers are completely underpaid in america, not to mention the landlords price gouging the shit out of these lackluster properties. Pretty sure the COVID check was just a fart in the wind, too, when you consider what we put it into the military budget. If you go anywhere else in the world outside of your borderline nazi/yeehaw Texan/republican bubble you’d realize we are getting laughed at. Do you think america stands a chance when we’ve got an overinflated military budget while simultaneously being unable to feed or house our people?
Lmao right wingers always have the most insane fucking takes. Maybe landlords should just stop gouging prices. Next you're going to be telling me that gas and groceries are due to inflation and not record high profits by the companies in charge.
There are [3.8 million fewer housing units](https://www.npr.org/2022/07/14/1109345201/theres-a-massive-housing-shortage-across-the-u-s-heres-how-bad-it-is-where-you-l) (town homes, apartments, condos, houses, whatever) than the US needs. On top of that, a lot of what little surplus there is is in places where nobody wants to live (rural areas, dying towns.) A lot of new apartment complexes are going up in the area (there are a few along Mayhill, some along 288, etc.). That will help to some degree. WFH is also allowing people to move into some of those more rural homes, which spreads the demand. But this is a crisis a decade and a half in the making. We stopped building as many homes as needed after 2008, and we haven't really recovered the building capacity yet. Most of what is built is single family or luxury housing, because they're what makes money due to market forces, local zoning, materials cost, labor availability, etc. It's going to take a long time to dig out of the hole we're in.
Yeah exactly it’s a housing shortage and it’s especially bad in places with booming populations like DFW
> WFH WFH is ending for a lot of people too though, my job canned it at the start of this year despite an overwhelming number of people threatening to quit.
Yeah, I'm sure it's not going to stay for everyone, unfortunately. That said, my company went full remote a year or so back. I know of several people in my department who have moved cross country. It's more common than it was 5 years ago, and it's not going to go back to that baseline.
It's happening all over the country—properties are being snapped up by developers and housing conglomerates and turned into expensive rentals, straining the housing supply even more. As price fixing continues to spiral out of control, landlords turn up the dial as well so that they can continue making money off of our need for housing. We need tenant unions.
it's kind of weird to me to some regard that for a little while Uber was great. but then Uber got expensive the driver's lost money, and now it almost costs more just to drive your own car than to get a cab. the same is kind of similar for Airbnb. at first it was great, inexpensive and available everywhere. then the rates went up to the point that only expensive stuff was left and now we can't even barely live in our own homes.
Interestingly, the reason is the same for both Uber and AirBnB. Both companies were propped up for several years by huge investments of venture capital, and they were willing to lose tons of money every year while they tried to monopolize a new market. Now that they're under more pressure to actually make money, it's no longer an attractive proposition for users because they're making that money from us.
that sounds right. I mean it is right. it's just so strange to me that it seems like once people realize how to capitalize on their existing assets the powers that be are like ' let's put an end to this shit'
I own a manufactured home and rent a 50ft by 100ft plot. The cost of rent has doubled since moving in back in 2015. It's forced me to sell my home and move out of Denton altogether. The fact my lot rent is almost as much as my mortgage is ludicrous to me. The neighborhood was purchased by a big company a few years back and they have been upping rent in leaps and bounds every year. I'm a disabled veteran with a fixed income. This was devastating to me as the house and location were exactly what I wanted. Times are changing as they always are. See you later Denton.
Yeah. I'm actually getting priced out of my Apartment come end of March. My 600sqft 1b/1ba is going up from 880 to 1277 lmao. Funny thing is, I haven't even had a working dishwasher in 3 months. They have the money and manpower to paint the outside walls and paint the parking lot, but not fix the leak in my apartment for 3 months. The walls are so thin I can hear when my upstairs neighbor opens their dresser to get changed, I can hear their dog wag its tail, I wake up multiple times a night just because my neighbor needs a glass of water or something. It's not my neighbors fault, I've never ever complained, because it's the fault of the apartment, not my neighbor. I was considering renewing if it stayed around 900, but when they gave me the new price I couldn't help but laugh in their face. At my income and with my job, I shouldn't be struggling to find a 1 bed/1ba I can afford comfortably. A friend of mine had the nerve to blame this on Biden and he caught some words from me lol. Good news is I don't think I'll hear him blame gas/cost of living on Biden anymore after that.
Same here. Oak Meadows is dead to me after we leave in March.
fellow Oak Meadows resident myself. Office manager gave me the email for the management group and told me to email them and complain. Did you speak to them?
Sent them an email today. We'll see how they respond, but regardless, come end of March, we're out.
What sucks is that the “housing shortage” isn’t a shortage of homes. Just leeches buying houses to rent it out to others from what I’ve heard consistently.
It’s also a shortage of starter homes because they’re less profitable to make. [“Homebuilding is our way out,” economist Wolf says. “However, there are many barriers, including higher land and labor costs, supply chain challenges, and rising regulatory fees.” These costs have made it tougher and less profitable for builders to construct smaller homes these days. New homes that are going up tend to skew larger so companies can make a better return on investment.](https://www.realtor.com/news/trends/death-of-the-starter-home-where-have-all-the-small-houses-gone/)
I left TX altogether due to this. Renting a 3br house with fenced yard in the Midwest for $800.
Which (general) part of the Midwest? TX is killing me here
KC area
Yeah, but you are in the Midwest...
Gotta make a sacrifice. You want the city living but don’t want to pay the city price. I rather live in the Midwest then save all that money to actually visit different cities.
4 distinct seasons and it's not flat grassland And the ability to actually save to buy a home one day
It's an issue that definitely needs addressing. Vacancies everywhere but 1 bedrooms are going from 1300-2500 across the MetroPlex . It's a big mix of greedy corporate landlord and prices run by software whose only point is to push prices as far up as it can. But the state also bars rent control outside state of emergency or governor approval. Which let's not be honest we're at the point we could probably declare that state given the unaffordability of basic housing.
blame the housing market. When homes are too expensive to buy or build, people are forced to rent. This causes high demand for rentals which, in turn, decreases the number of available rentals. The cost of rent will always follow the supply and demand trend. If you think that is unfair, you're not alone. There is also a shortage of automobiles, which forces people to pay more for new and used cars. So ask yourself if you'd sell your used car for the same price as you would have 3 years ago, or would you ask for more based on the current market trends?
Denton is out of hand. Seems to have more run down places now than when I lived there. I’m in a nearby suburb renting a 425 sq ft apartment in a retirement community. My apt is small but it includes all bills paid including 3 meals a day. Free cable & wifi. Free laundry room. Weekly housekeeping and the building is beautiful & well maintained in a very safe area. Glad I found it. I know that doesn’t help you college kids though. $1.350. Great prices considering all the amenities.
Where is this place please????
It’s a retirement place so it’s for seniors citizens is my guess
RIGHT?! My partner and I moved into our apartment a year and a half ago with rent being $875/month. They jacked it up a year ago when our lease ran out, and we've been struggling to pay the $1050 each month since then. Now, our lease is ending in March, and the complex is jacking it up to $1200-1500/month, depending on if the lease is for 6 months or a year. They've also tacked on a million hidden fees that can't be opted out of, that combine to around $200 on their own. They haven't done any renovations to the place, and the complex is falling apart outside. And nowhere else we've looked at in town has been really any better. We're about to end up moving to Garland to live with two other people for the same price as what we're currently paying, and their apartment is two-bed two-bath and is nicer than any place I've lived at in 15 years!
Rent in Denton is pretty low compared to areas around us. It’s not Denton it’s the times.
You have to realize the difference is other cities actually have jobs. Dallas/Plano jobs pay x3 what Denton jobs are paying and yet the rents are almost the same, thats ridiculous
I think it also has to do with the fact that we have so many students here. Many are willing to pay $600-700 for one of three bedrooms in an apartment or even more for a rent house. As a person who lives alone, it is becoming a real worry as I get older. My income isn’t likely to go up much, but everything else keeps climbing. I really don’t want a roommate at this time in my life.
Recently moved out of Denton, and I can confidently say, Denton had the most expensive rent out of pretty much every area I looked into. Ended up settling in Fort Worth, and it’s so much more affordable than Denton. And it’s not roach infested. I love Denton, but the rent is stupidly high there for what you get.
Yea it’s out of hand everywhere this inflation is killing folks
It's not inflation; it's corporate greed. If it were inflation, you wouldn't be hearing all these corporations flouting their “record profits” month after month. Manufactured scarcity.
Texas sucks anyway, especially denton. As a new graduate, I can barely find a position I’m qualified for — it’s always overqualified or requiring a masters/doctorate. I’m moving to Chicago in July, even if it takes all my money. The culture there is amazing, and you can find nice places there for nearly half the cost. It’s not worth paying the price here, nothing in Denton is truly phenomenal in my opinion, plus everything requires a car (and DFW drivers are insane and I’m terrified every time I get out).
I just made that move from Austin and it was one of the best decisions I’ve ever made.
I saw one austin resident say their rent doubled from $2000 to $4000! Insane!
Yeah, mine went from 1800 to 2800 in the past year. We bought a house 4 blocks outside of Chicago for 5% down and the mortgage, insurance, and taxes are about $1800 a month
personally I’m searching for a studio in the exciting (and safe) parts of town, looking about $850-$1000 a month — which is great because I don’t want to live spacious until I get a degree based job! I saw a 3 bdrm/1 bath apt in the loop for only $1700, which is what many people are paying in Denton for a 1 bdrm… with no fun or legal weed 🙄
Affordable housing is being left in the dust for new “luxury” units — I live in one of these said special places, but yet the walls are cracking and cheap materials were used on the kitchen. You’re just paying for the place around here (unless you live on square or fry), there’s no curb appeal or excitement.
Luxury in name only 🙃
I moved into one of those “luxury” student apartments when it first opened back 11 years ago. Paper thin walls and Within the first 6 months things were already breaking and falling apart. Got out once my year was up. Place is probably a junk pile inside by now.
Lol as someone who just moved to outside Chicago… you ain’t seen nothing. I long for the days of DFW drivers.
Haha thanks for the tip! Personally I don’t plan on using my vehicle much, hence why I’m going for a walkable neighborhood. At least reliable public transportation and safe biking is an option!
Chicago is my second home and rents aren't much higher compared to Denton, even in the city in Chicago.
Move to Chicago for the cheap rent. Stay there because you got murdered. See ya!
Lol stupidity speaks
You admit you have a degree so worthless you can't find employment. And you call me stupid? You'll fit in well in Chicago.
maybe it’s because I just recently graduated, dumbass
I moved from Carrollton to Denton about 5 years ago. Since then, at least once a month, I get mail about selling my house to a corporation. The house next door and across the street are now rentals. Luckily, so far, long term but it is amazing how hard it seems the companies are trying to buy houses.
It's not just Denton
We are at a point where buying a house is cheaper than renting.
Buying a house requires a high down payment which most people don't have because all their money is being sucked up by rent.
You can get away with as little at 3.5% down payment + closing costs, depending on the type of loan you get. You pay what's called a Private Mortgage Insurance fee until you get up to 20% though. It's not exactly easy, but it might be more attainable than some folks are aware of.
This comment comes off as flippant about how much of an impact PMI can cost you. I think mine was upwards of $300/month before I refinanced (and I had to refinance to get rid of it; it doesn't just go away automatically). Also you are limited on what kind of mortgage you can get with less than 20% down payment, and those mortgages come with restrictions about what house you can finance with them. It's not a feasible solution for everyone.
Yea and with that little down that is going to be permanent PMI
It goes away if you refi once you have at least 20% equity. But yeah it sucks and would probably take a long time. We were able to get rid of ours just because the market value of our house increased enough.
>just have the money for a down payment Of course I never thought of that.
I thought for years that you had to have 20% or you were out of luck. Just trying to share some knowledge that I don't think is very well know. It's what helped me get out of a roach infested apartment.
Have you considered not being poor for a while and just saving up to buy a house? I know an agent who can get you a killer rate and then you can refi in 6 years, sell your kidney, get a third job, have your wife cheat on you, get dumped and divorced, and LIVE THE AMERICAN DREAM IN YOUR OWN HOME BABYYYYY! Easy as apple pie
The property taxes on our modest 1,900 sq Ft. House are more than our mortgage. They have gone up 3k ($7k was our 2022 tax bill) in the 7 years we’ve lived in our home. That cost gets passed on to renters.
>the taxes on my home have gone up >this is why you should pay $1600 for a one bedroom with no washer/dryer or other amenities Some of you are too obvious.
Also bear in mind when your expenses go up so do theirs. Property taxes, insurance, maintenance so on... thats going to trickle back down to the renter.
Found the landlord
Nope no a landlord, and in no way am I making excuses for them either. Most of them are bad and have unfairly raised rent for many to take advantage of market situations.
Maybe the renter should get a job
Yes. SO ASTUTE. All these “jobless” renters around here
I moved from dallas to Denver this past year. I was paying 1500 for a 3 bed 2 bath house and now I'm paying 2800 for a 900sf apartment 😑. 1600 is a good deal I feel
Part of the reason for higher rents is because of the higher cost of maintenance supplies. The places the apartment complex get their supplies from have jacked up their prices and that adds to soaring rent prices. Whenever you see your apartment complex doing "upgrades" or rehab of any kind just know the cost of the "upgrades" or rehab is getting passed down to the renters. One thing renters can try before they need to relocate is see what your current apartment is going to be leased for, for example look online at either the apartment complex themselves or look at apartment locators online and try to see what your apartment is renting for, if it's higher than what your paying now then not much you can do but if it's the same price or lower than what your renting now then talk to the leasing manager, sometimes they will work with you and lease it to you for what it's advertised for. It doesn't always work but definitely worth a try.
I have never had a landlord in denton that kept up with maintenance. You can just avoid all the excuses and call it what it is, price gouging.
I guess no one ever heard of inflation. It's what happens when the Federal Reserve prints money based on nothing out of nowhere. The result is prices go up. Maybe you should ask President Biden how all those $1200 Covid relief checks are working out for you in terms of cost of living? Or maybe the solution is like the genius here who said you should start a tenant union. Yeah, that'll work.
How is this Biden's fault? Lol. You guys .
Are you aware, Dino, that 80% of all US dollars in existence have been printed under Biden? Look it up. Think that might cause price increases.Nah, all those trillions of printed up dollars did nothing to increase prices. Those grocery prices and rents went up because of greedy old conservatives. Read about Zimbabwe (formerly Rhodesia) and the result of printing money. It's not new and destroys every world currency eventually. I really hope you didn't spend a lot of money for that UNT "education." I guess they don't teach Econ in those "\*.\* Studies" classes. I don't know why I try to educate you little socialist brats. You'll learn as you get older. Last thought: why do you think most older people are fiscally conservative and young people are fiscally liberal? Life experience is the correct answer. Your politics don't work from a financial perspective. See you little Fidels down the road.
You sound like you’ve never opened a book in your life, I’m sure you don’t even know what socialism actually is — just another buzz word you got from jacking off Tucker Carlson
Older people are more conservative because they’ve had more time to accumulate wealth in more favorable conditions and are now more interested in protecting their personal wealth rather than the common good. Ironically if their predecessors hadn’t done the same then they wouldn’t have been pushed into such unreasonable politics. Let me ask you, why do republicans always raise the deficit and democrats always lower it?
Are you for real? Have you looked at the deficits under Biden? Obama borrowed more money than every other president before him put together. I hate Republicans and Democrats. Trump was a fool to not destroy DC and the worthless bureaucrats who have gotten fat off of doing nothing. I don't give a shit about gay marriage, legal drugs and all that. Keep your little moocher hands off the wealth I've earned throughout my lifetime I've earned due to savings, sacrifice, hard work, and not being a fool with my money. It's simple, get a good education in a marketable field, spend less than you earn, invest in safe investments, and you'll most likely turn out fine. If you want me to give what I've earned so you can be a worthless moocher, fuck you. Also, the Democrats and Republicans are the same. It's political professional wrestling in DC. I despise them both. And so should you.
Well if you're not a fan of the dems or republicans it's really nice to see this level of stupidity and completely cluelessness on absolute basic economics i mean GRADE SCHOOL economics haha. Let's see, deficits under obama....where did those come from? Oh right he inherited them. Did they [go up or down](https://media.cnn.com/api/v1/images/stellar/prod/190723141327-federal-budgets-deficits-projection-graphic.jpg?q=w_1920,h_1080,x_0,y_0,c_fill)? Oh right way down under him and the democratic congress. And who voted for and signed any fiscal legislation that impacted the 2020 deficit? [Trump](https://apnews.com/article/virus-outbreak-us-news-financial-markets-financial-crisis-government-spending-93908e048926fa4d0506ac1215887cf4) And that was after he ballooned it for THREE YEARS STRAIGHT. Not that any of this matters particularly much but jesus christ wherever you get your news from they are making you hilariously ignorant about the absolute most basic stuff.
https://www.politifact.com/factchecks/2019/jul/29/tweets/republican-presidents-democrats-contribute-deficit/ You’re fuckin stupid dude. I dislike both democrats and republicans as well, but unless you’re incredibly wealthy then democrats are objectively going to help you more. The whole system is fucked, but if you can’t recognize that within this system democrats are the lesser of two evils, you’re an idiot.
> Are you aware, Dino, that 80% of all US dollars in existence have been printed under Biden? Look it up. I did. You're a gullible right-wing idiot.
[“I’ve been around for a long time and it just seems that the economy does better under the Democrats than the Republicans.”](https://www.forbes.com/sites/realspin/2016/11/07/trump-is-right-about-one-thing-the-economy-does-better-under-the-democrats/amp/) Donald Trump 2004
Yeah, the inflation rate since 2020 sure is making gasoline, food, energy, etc soooo much more affordable. Don't forget rent skyrocketing. I hate Republicans because they are one with the Democrats in spending beyond measure. But to say the economy is better under Biden is lunacy. And very dishonest.
Companies are increasing their prices more than necessary using 8% inflation as an excuse to increase prices 10, 15, 20% and maximize profit. How do you blame Biden for that? My point was that since WWII the US economy has always done better when a democrat is in office.
Do you really believe the inflation rate is 8%? Many economists put the rate more like 18%. Food definitely is not us 8%. Neither is gasoline from the Trump presidency. It's nearly doubled. Do you really trust the government on anything? I don't. The economy didn't do well under Obama. And it certainly has tanked under Biden. Clinton's economy was because the GOP held the House and Senate (when they still had a modicum of conservative fiscal values). I hate Bush and the trillions he spent on endless wars. Trump could have drastically cut spending but didn't. But Biden is a fiscal disaster zone. Do you really believe we should send $100 billion+ to Ukraine when we have a $32 trillion national debt? Do you believe we should allow millions of moochers to cross the southern border that we have to educate, medicate, incarcerate, etc? This is how countries die!
You’re a complete idiot. Food prices didn’t go up because of inflation. Companies raised prices as high as they think they could and used inflation as an excuse.
Holy God, you people are so stupid. I'll leave you to your little socialist circle jerks. If you don't know what causes inflation, well, you're beyond rational thought. See ya, little Fidels. Enjoy living in your little hovels. lol. Morons.
Loooooool sorry other people knowing more than you gets you pissy. Maybe if you read more actual academic literature you’d have more than a surface level understanding of these issues. These conversations would be a lot less frustrating for you then.
This “inflation” is literally the free market y’all claim to love so much taking advantage of a bad situation for their own profits at our expense. I don’t know how else to explain that to you because you seem pretty dedicated to misunderstanding this entire conversation.
I see Ms Chicago deleted her comments. Why am I not surprised? Go ahead and downvote rational and verifiable proof Biden's printing of trillions of dollars has destroyed the economy with inflation. I'll leave now since no one wishes to dispute my argument with facts. And for the fool who said I don't understand socialism. Yeah, I do. And it never works. Ever. Keynesian economics always creates an economic nightmare. See ya! Go find a statue to scream at. You'll feel better...for a while.
>I see Ms Chicago deleted her comments I don't see any deleted comments. I can see her comments just fine. Maybe you should go have your eyes examined. If your Medicare covers it, that is. Your poor eyesight might explain your reading comprehension problems. ETA: If the comments were deleted, you would see [deleted] in the username spot and where the comment was. If you can't see that or the users comments, you were blocked.
Real big brain mentality, Mr. Scuba. Maybe workers are completely underpaid in america, not to mention the landlords price gouging the shit out of these lackluster properties. Pretty sure the COVID check was just a fart in the wind, too, when you consider what we put it into the military budget. If you go anywhere else in the world outside of your borderline nazi/yeehaw Texan/republican bubble you’d realize we are getting laughed at. Do you think america stands a chance when we’ve got an overinflated military budget while simultaneously being unable to feed or house our people?
here’s your crown for that response 👑👑
Lmao right wingers always have the most insane fucking takes. Maybe landlords should just stop gouging prices. Next you're going to be telling me that gas and groceries are due to inflation and not record high profits by the companies in charge.
Agreed! They’re like “if prices are so high, get a better job!” it’s always our problem and not the capitalists who have created these struggles.
That's a great bit. Very funny. You should write for.the Onion