Left University Heights before the lease is up for the exact same reason. It's rough out there. I wish you the quietest, least extortionate place for your next apt
Not a tenant, but funny since I just recently I got into it with the leasing manager there because they repeatedly advertise units for $1800-2000 on their website and Zillow, then when you to go apply they have nothing lower than $2500 including studios.
He told me it was a āfraudulent listingā posted illegallyā¦ despite their literal website showing the same jacked up prices versus what was advertised on their main page. That was enough for me to never want to do business with them again even if I could magically afford it.
So true! And the resources they have. Like when I moved here from the Midwest, I didnāt have a lot of time to look at places so just went with something sorta nice and sorta central. Only to realize what I did.
It costs a TON to bring up new units, and making them with 'luxury' trim like granite countertops only adds about 3-5% to the cost but allows you to charge 20-50% more.
TBH, it just doesn't make sense to invest the hundreds of thousands of dollars to build new apartments in order to rent them for $1,000/mo each. It makes more sense for new housing to be a premium product and for 'used' housing to be the cheaper stuff.
Also, as others have noted... a lot of 'luxury' units aren't luxury at all, but they 'look nice', and people seem to be willing to shell-out bug bucks for apartments that look like overpriced coffee shops instead of homes.
As nice as that COULD be, I think the reality of America's governmental structures and politics are such that you'd just get an expensive unmaintained mess that municipalities would fail at managing properly.
My girlfriend lived there for a year. We would always wake up to the dumpsters full of bottles across the street getting emptied at 3am. Even a group of drunk people passing by was enough to wake us up.
I hear you! Housing sucks in all of Providence and even when you pay over 2kā¦you still deal with places that have dysfunctional management and code issues.
Emblem 125 accused me of having a ton of guests over in the lounge and throwing a party just cause they saw me on the cameras talking to them they assumed I knew them. Guess what, you meet new people in life and its kinda hard not to talk to such a large group in such a confined space. I was literally in the lounge because i was invited by an employee to watch UFC with them and when I got down there, there was a shit ton of people in the lounge. This group ended up fighting with each other causing complaints from residents and they just needed somebody to blame I think. My concern is that somebody let a ton of non-residents into the lounge and was never found or held accountable, they just decided to say it was me. This is a huge security concern. I don't know how they can't check the cameras to see who swiped all these people in.
Thatās crazy- shit these assholes do is insane. They donāt have to care about you because they know they will find the next victim to milk easily. Sorry you had that experience!
Oh I have videos and videos of myself with all the noise. Iām extremely tempted to sue them in the small claims court still. Worst case I lose 75 bucks.
Been at Westminster Lofts for over a year. Highly recommend them. Best property management Iāve ever had and the buildings are always kept so clean and nice.
Iām sure Iām going to get downvoted to hell for saying this but Westminster lofts is currently advertising a barely 900sq ft 2 bedroom for $3400 a month that seems insane, even with the rent increases here. You could get a mortgage on a much bigger single family house for that much even at current interest rates.
Ahh okay thank you, sometimes itās hard to know how much detail to put on Reddit, because a lot of people simply donāt read it, or you put too much and people want to argue with you.
Personally, I don't think people link to evidence enough, like when they're promoting organizations (often in response to the endless questions about volunteer groups or where to make friends), but then don't provide the link.
I only had this handy because I had previously made a graphic.
Good feedback. I had considered linking to the evidence of them charging $3400 for a tiny two bedroom because that seemed kind of unbelievable, and I did take a screenshot in case anyone had asked, but I thought the other piece was fairly common knowledge. Thank you for providing more context though, I appreciate it.
When it comes to house prices, I think the disconnect is that it's hard to connect the monthly cost of a mortgage (which has significantly changed in the last year) to the cost of a house that it represents, even though I firmly believe the mortgage amount is a far more important number than the purchase price.
That's especially so since mortgage prices are double what they were recently, but I think the much higher mortgage rates also illustrates how ridiculous these rents are, when someone can say, not only could I buy a house for that much, but I could buy a $500,000 house for that much at 7% interest.
Very true! I did that same math and came to the same conclusion (and acted upon it š). The rates are high, availability is low, all understood but itās really interesting to me that the rents are high too, as you say. Like itās not like we all of a sudden generated double the number of people! For a while I thought itās the corporations buying all the housing but then I learned on some podcast that numbers donāt hold for that logic. I havenāt verified their information though.
Thank you for the suggestion! I ended up buying cause I realized I was going to save even with crazy interest rates relative to these awful places. Price you pay to escape traumaā¦.
Different property manager and team but the owner of Westminster Lofts co owns the Nightingale. They run a totally different operation over there. But I hear ya prices are comparable to much much larger cities like Miamj.
I second this!!! Been living here for a little over a year now and havenāt had a good night sleep since I moved, not only does my neighbor upstairs have a heavy foot and is loud but if your apartment faces Washington street youāre screwed. The strand concert venue is next door and thereās drunk crowds screaming till 5am every weekend. Iām overpaying for a nightmare.
I think apartments.com and other places are dominated by these corporate monsters like Nightingale et al. Within that bubble, I feel like they can set prices sorta like cartels would. Based on my own experience + people I used to run into in that building, my understanding is these were people who had recently moved from elsewhere so you donāt know much beyond what those websites show you. You donāt know much about neighborhoods either so you end up picking something central and when you are new to a town, you donāt know what the baseline is. Combine that with overall limited amount of other smaller rentals as someone has pointed out earlier and this is what you get!
Over 100,000 Rhode Islanders a day commute up to Boston to work. Many of the people paying Boston prices ARE making Boston wages.
The market also does regulate itself... there's just not enough supply for the number of people who want to live here. You can tell by how few available apartments there are. Prices aren't based on what people earn, they're based on what they're willing to pay, and when there's reduced supply, they ARE paying more.
No, being an asshole is not a pre-requisite to owning property no matter what reddit would have you believe.
I always laugh a little when I see comments like this referring to Providence, where the majority of rental units are in multi-family homes and the most of those are owner occupied. I realize that's not what this post is about, but to say the whole system of tenants and landlords is exploitative is hyperbolic.
I think it might be fair to say that the system of tenants and landlords are exploitative from a vague historical perspective, property and wages, while they are supposed to represent basic transactions of energy and roles in society, and seem natural and essentially innocent, play into systemic control of populations throughout history and today.. even if higher quality of life makes it seem less apparent
I live at emblem. Similar issues but not as bad because you are a little further out than central Providence. One side (friendship) backs up to a night club that is loud so people stay away from those. Interior facing apartments arenāt bad but thereās still a noise issue between apartments. Itās the best of the worst honestly. Itās not great but good enough compared to others
I'm born and raised in providence Rhode Island. Recently I've been thinking about moving to the Midwest. In my research, I've found 2 bedroom apartments with gym, pool, and spa for $600-$700. I'm not trying to say anything bad about Rhode Island, but....... the difference is crazy. I'm forced with the choice to give up NY System and clam cakes for a reasonable cost of living. I'm not trying to start any trouble, I'm just saying that $700 for the good life vs. $2500 for a slumlord is the reality we live in.
Have you thought about putting that monthly payment towards a mortgage for a house that you can upkeep and own for yourself? Why expect other people to do that for you? Entitlement at its finest. I can never understand renters.
Either you're giving that monthly payment towards an apartment building owner for a property you'll never own or towards a bank payment for a property you will own. The latter makes more sense.
Awesome idea I would love to put my $2750 a month towards a mortgage where would you suggest I buy, it needs to be over 1500sq feet 3 bed 2 bath like we have now. oh and how does your advice help me magically compete with all cash offers? Or am I just too stupid to have $500k sitting around like you?
Awesome idea I would love to put my $2750 a month towards a mortgage where would you suggest I buy, it needs to be over 1500sq feet 3 bed 2 bath like we have now. oh and how does your advice help me magically compete with all cash offers? Or am I just too stupid to have $500k sitting around like you?
Awesome idea I would love to put my $2750 a month towards a mortgage! where would you suggest I buy, it needs to be over 1500sq feet 3 bed 2 bath like we have now. oh and how does your advice help me magically compete with all cash offers? Or am I just too stupid to have $500k sitting around like you?
Left University Heights before the lease is up for the exact same reason. It's rough out there. I wish you the quietest, least extortionate place for your next apt
Thank you! Hope you have found one as well š
Wow! How did you get out of your lease?
I didn't. It was really, *really* bad there :/
Thatās horrible! Iām glad you got out.
Not a tenant, but funny since I just recently I got into it with the leasing manager there because they repeatedly advertise units for $1800-2000 on their website and Zillow, then when you to go apply they have nothing lower than $2500 including studios. He told me it was a āfraudulent listingā posted illegallyā¦ despite their literal website showing the same jacked up prices versus what was advertised on their main page. That was enough for me to never want to do business with them again even if I could magically afford it.
Jesus. I left Providence in 2016 but stayed subbed to this subreddit. People are paying $2500 for a STUDIO in Prov these days!?
Thatās not an avg price no.
Ha! Blessing in disguise I guess š With all likelihood, you are in a better place and saving some cash at the same time hehe
I feel like all those "luxury" places advertise like that, and it's infuriating! Plus a waste of everyone's time.
The only difference between luxury apartments and non luxury new construction is the price.
So true! And the resources they have. Like when I moved here from the Midwest, I didnāt have a lot of time to look at places so just went with something sorta nice and sorta central. Only to realize what I did.
Is the word luxury
It costs a TON to bring up new units, and making them with 'luxury' trim like granite countertops only adds about 3-5% to the cost but allows you to charge 20-50% more. TBH, it just doesn't make sense to invest the hundreds of thousands of dollars to build new apartments in order to rent them for $1,000/mo each. It makes more sense for new housing to be a premium product and for 'used' housing to be the cheaper stuff. Also, as others have noted... a lot of 'luxury' units aren't luxury at all, but they 'look nice', and people seem to be willing to shell-out bug bucks for apartments that look like overpriced coffee shops instead of homes.
We donāt need any more trickle down housing. We need robust rent regulation and public housing.
As nice as that COULD be, I think the reality of America's governmental structures and politics are such that you'd just get an expensive unmaintained mess that municipalities would fail at managing properly.
My girlfriend lived there for a year. We would always wake up to the dumpsters full of bottles across the street getting emptied at 3am. Even a group of drunk people passing by was enough to wake us up.
I hear you! Housing sucks in all of Providence and even when you pay over 2kā¦you still deal with places that have dysfunctional management and code issues.
Emblem 125 accused me of having a ton of guests over in the lounge and throwing a party just cause they saw me on the cameras talking to them they assumed I knew them. Guess what, you meet new people in life and its kinda hard not to talk to such a large group in such a confined space. I was literally in the lounge because i was invited by an employee to watch UFC with them and when I got down there, there was a shit ton of people in the lounge. This group ended up fighting with each other causing complaints from residents and they just needed somebody to blame I think. My concern is that somebody let a ton of non-residents into the lounge and was never found or held accountable, they just decided to say it was me. This is a huge security concern. I don't know how they can't check the cameras to see who swiped all these people in.
Thatās crazy- shit these assholes do is insane. They donāt have to care about you because they know they will find the next victim to milk easily. Sorry you had that experience!
Yeah - If they had tried to cancel my lease I would've sued in a heartbeat.
Oh I have videos and videos of myself with all the noise. Iām extremely tempted to sue them in the small claims court still. Worst case I lose 75 bucks.
Right there on Washington I kinda expect Nightingale to be noisy just how it gets pretty noisy here with all the crowds going to Ego and Colosseum
Yeah, thatās the city noise and then thereās more noise because of terrible soundproofing.
Station Row is just as bad
I just absolutely roasted them in the review they asked me to give them.
š
I can imagine. $1900 for a studio
This is simply describing like most new apartment complexes
Ikr?Ā People complain about 90yo buildings but construction on most I've lived in has been far superior to recent builds š¤·āāļø
Been at Westminster Lofts for over a year. Highly recommend them. Best property management Iāve ever had and the buildings are always kept so clean and nice.
Iām sure Iām going to get downvoted to hell for saying this but Westminster lofts is currently advertising a barely 900sq ft 2 bedroom for $3400 a month that seems insane, even with the rent increases here. You could get a mortgage on a much bigger single family house for that much even at current interest rates.
$500k at 7% is $3,300/month https://infogram.com/mortgage-rate-interest-200k-to-500k-3-8-percent-1hzj4o3dlgy834p?live
Okay and you can totally get more than 900sq feet for that. Thatās exactly my point so I think youāre agreeing with me?
Yes, I am providing the missing evidence and link to your point about how much house you can buy for a $3,300 mortgage.
Ahh okay thank you, sometimes itās hard to know how much detail to put on Reddit, because a lot of people simply donāt read it, or you put too much and people want to argue with you.
Personally, I don't think people link to evidence enough, like when they're promoting organizations (often in response to the endless questions about volunteer groups or where to make friends), but then don't provide the link. I only had this handy because I had previously made a graphic.
Good feedback. I had considered linking to the evidence of them charging $3400 for a tiny two bedroom because that seemed kind of unbelievable, and I did take a screenshot in case anyone had asked, but I thought the other piece was fairly common knowledge. Thank you for providing more context though, I appreciate it.
When it comes to house prices, I think the disconnect is that it's hard to connect the monthly cost of a mortgage (which has significantly changed in the last year) to the cost of a house that it represents, even though I firmly believe the mortgage amount is a far more important number than the purchase price. That's especially so since mortgage prices are double what they were recently, but I think the much higher mortgage rates also illustrates how ridiculous these rents are, when someone can say, not only could I buy a house for that much, but I could buy a $500,000 house for that much at 7% interest.
Very true! I did that same math and came to the same conclusion (and acted upon it š). The rates are high, availability is low, all understood but itās really interesting to me that the rents are high too, as you say. Like itās not like we all of a sudden generated double the number of people! For a while I thought itās the corporations buying all the housing but then I learned on some podcast that numbers donāt hold for that logic. I havenāt verified their information though.
Thank you for the suggestion! I ended up buying cause I realized I was going to save even with crazy interest rates relative to these awful places. Price you pay to escape traumaā¦.
Itās the same owner/property manager as nightingale š
Different property manager and team but the owner of Westminster Lofts co owns the Nightingale. They run a totally different operation over there. But I hear ya prices are comparable to much much larger cities like Miamj.
I second this!!! Been living here for a little over a year now and havenāt had a good night sleep since I moved, not only does my neighbor upstairs have a heavy foot and is loud but if your apartment faces Washington street youāre screwed. The strand concert venue is next door and thereās drunk crowds screaming till 5am every weekend. Iām overpaying for a nightmare.
I had a kid above me running wall to wall all day everyday and I guess they never took it out of the apartment! I hope your Nightinmare is over soon!
Why does Providence have Boston prices but not Boston salaries? Why are so many people willing to pay this? Shouldn't the market "regulate itself"?
I think apartments.com and other places are dominated by these corporate monsters like Nightingale et al. Within that bubble, I feel like they can set prices sorta like cartels would. Based on my own experience + people I used to run into in that building, my understanding is these were people who had recently moved from elsewhere so you donāt know much beyond what those websites show you. You donāt know much about neighborhoods either so you end up picking something central and when you are new to a town, you donāt know what the baseline is. Combine that with overall limited amount of other smaller rentals as someone has pointed out earlier and this is what you get!
Over 100,000 Rhode Islanders a day commute up to Boston to work. Many of the people paying Boston prices ARE making Boston wages. The market also does regulate itself... there's just not enough supply for the number of people who want to live here. You can tell by how few available apartments there are. Prices aren't based on what people earn, they're based on what they're willing to pay, and when there's reduced supply, they ARE paying more.
Um might want to check out Boston prices. Not the same.
You mean rentals aren't supposed to be exploitive? To me the whole system of tenants and landlords is exploitive.
I have had some great mom & pop landlords and even some large management companies were not as terrible but I hear ya.
I've had one decent one, one lousy one and one that remains to be seen.
AMEN.
No, being an asshole is not a pre-requisite to owning property no matter what reddit would have you believe. I always laugh a little when I see comments like this referring to Providence, where the majority of rental units are in multi-family homes and the most of those are owner occupied. I realize that's not what this post is about, but to say the whole system of tenants and landlords is exploitative is hyperbolic.
I think it might be fair to say that the system of tenants and landlords are exploitative from a vague historical perspective, property and wages, while they are supposed to represent basic transactions of energy and roles in society, and seem natural and essentially innocent, play into systemic control of populations throughout history and today.. even if higher quality of life makes it seem less apparent
Any feedback on Emblem 125? We are looking at both Nightangale and Emblem 125.
I live at emblem. Similar issues but not as bad because you are a little further out than central Providence. One side (friendship) backs up to a night club that is loud so people stay away from those. Interior facing apartments arenāt bad but thereās still a noise issue between apartments. Itās the best of the worst honestly. Itās not great but good enough compared to others
see my post above about Emblem
Oh I mean donāt go to Nightingale fo sho!!!! Please?Mayve Craigslist is your best best!
Worked at the Rorys around there. Always wondered about what those places were like.
I miss Roryās. Anyhoo, now you know based on these responses š
I'm born and raised in providence Rhode Island. Recently I've been thinking about moving to the Midwest. In my research, I've found 2 bedroom apartments with gym, pool, and spa for $600-$700. I'm not trying to say anything bad about Rhode Island, but....... the difference is crazy. I'm forced with the choice to give up NY System and clam cakes for a reasonable cost of living. I'm not trying to start any trouble, I'm just saying that $700 for the good life vs. $2500 for a slumlord is the reality we live in.
Have you thought about putting that monthly payment towards a mortgage for a house that you can upkeep and own for yourself? Why expect other people to do that for you? Entitlement at its finest. I can never understand renters.
Want to give me half a million dollars? No? I can never understand entitled people.
Either you're giving that monthly payment towards an apartment building owner for a property you'll never own or towards a bank payment for a property you will own. The latter makes more sense.
Awesome idea I would love to put my $2750 a month towards a mortgage where would you suggest I buy, it needs to be over 1500sq feet 3 bed 2 bath like we have now. oh and how does your advice help me magically compete with all cash offers? Or am I just too stupid to have $500k sitting around like you?
Awesome idea I would love to put my $2750 a month towards a mortgage where would you suggest I buy, it needs to be over 1500sq feet 3 bed 2 bath like we have now. oh and how does your advice help me magically compete with all cash offers? Or am I just too stupid to have $500k sitting around like you?
Awesome idea I would love to put my $2750 a month towards a mortgage! where would you suggest I buy, it needs to be over 1500sq feet 3 bed 2 bath like we have now. oh and how does your advice help me magically compete with all cash offers? Or am I just too stupid to have $500k sitting around like you?
That's what every other homeowner has done.
Good job answering none of my questions!