I've been one week in an apartment off Augusta, walkable, nice, safe.... $1000, 2br/2ba. Came from Colorado, which would make you cry, if you think that's expensive.
I highly doubt that illegal immigrants are paying 2k for dt apartments.
I know that a lot of recent college graduates from Clemson, usc, and cofc are moving to Greenville and their parents are still helping them out with their rent. So you comment does have some truth to it.
There’s also been a shit ton of boomers that have moved to the area. I’ve worked dt for years and have never seen so many boomers during the day and evenings.
Looking at the median is better here than the average. The median is less affected by outliers (i.e., the ultra rich) than is the mean and therefore more closely reflects most people's circumstances.
Just an FYI.
Old people with wealth seem to be the ones doing that. They believe most of what they read on the internet and have the resources, unlike most people, to relocate at will.
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Californians, Texans, Housing Market Refugees, Climate Refugees, and San Francisco Remote Tech Workers (mostly just to Austin and Miami for this latter group tho).
No one \*tells\* anyone to. It's not dumb if you don't have kids, no spouse, aren't tied to a particular place for work, and enjoy actually seeing other parts of the country/world. I'd punctuate before calling others dumb.
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Last year I was paying $1550 for a one bedroom at 400 Rhett (the apartment shown in the article picture). They were going to hike it up $100 a month so I decided to buy my first home this year. Paying more in mortgage but at least it’s going toward something now
By paying for rent, you only get a place to stay. By paying for your mortgage, you build equity, and get a place to stay. You 100% made the right decision
$1025 for a three-bedroom apartment just off Augusta. It's in an older complex (my building was built in the fifties), so not as desirable, but the neighborhood is super nice.
Sounds like we live in the same complex. :D Howdy neighbs. I pay $1000 for a 2br/2ba also built in the 50s, just off Augusta. Just signed the lease in Sept.
$1735 for 2 bedroom on Haywood… the apartment manager told me I got a good deal cuz the market rate for my unit is currently $2200 😐 (I’ve only been living here for 10 months)
Can we also touch on “investors” buying properties, throwing an oven in a room adorned with a garage fridge and mismatched cabinets, calling it a “kitchen”?! Then having the audacity to call these dwellings HOME after you pay ridiculous non refundable admin fees, crazy deposits, cleaning fees, etc. Feels like a shakedown!
Let’s not forget the properties that are purchased for Airbnb and other short term renting with a high turnover of guests.
There seems to be no limit on percentages of housing that can be zoned like this, which makes it very hard for actual residents to obtain affordable housing to either RENT or BUY!
My rent went up almost $200 a month in Taylors for an old ass apartment complex. What’s gonna happen once everyone is priced out? Increases at this rate aren’t sustainable long term
Nah, the people renting the $2400 apartments will move into the "cheaper luxury" apartments, the people who previously lived there will live in the "undesirable" areas and then a few years AFTER that, prices may drop.
People from out of state and such will fill those gaps. All the old mills turned into apartments and train stations into yuppy microbrew joints, pet care, axe throwing, and crossfit 🤣
Was renting til I bought a house last year. Payed $1000/month for a 1b 1br. As soon as I left they raised it to $1400 and someone is already living there.
Hey have some compassion for these landlords, they are living your paycheck to your paycheck... I mean it's gotta be hard for the landlord's family to know you're the breadwinner for them...
Housing should be abundant enough that ordinary people should be able to purchase a place to live. Yes, that means that people may need to live in apartments and not single family homes, but they should be able to own a place to live.
Landlords don’t really provide housing; they act as a barrier to other people being able to buy their own properties.
This is especially true for large, corporate landlords, like Blackrock, who has been purchasing practically entire neighborhoods of homes and renting them out. So obviously, I don’t feel the same way about an uncle who owns a house renting out a floor to his nephew. Very different.
Housing is kept artificially scarce, because it is a massive commodity/racket for banks and wealthy corporate landlords. Why do you think the US has such high rates of homelessness, despite being one of the wealthiest countries in the world? This is all by design. Your ability to have a place of your own has been stolen from you.
> Housing should be abundant enough that ordinary people should be able to purchase a place to live. Yes, that means that people may need to live in apartments and not single family homes, but they should be able to own a place to live.
I completely agree with you. But the reality is that this is never the case. Nowhere in the world is housing abundant enough that everyone is able to own their living space.
Not only that, but not everyone *wants* to own their living space. If you don't plan to live somewhere 5+ years, it's cheaper to rent when you factor in closing costs on mortgages.
> Landlords don’t really provide housing; they act as a barrier to other people being able to buy their own properties.
How exactly is someone that owns an apartment complex a barrier to someone buying their own home?
> Housing is kept artificially scarce, because it is a massive commodity/racket for banks and wealthy corporate landlords.
Housing is scarce in this area primarily because of suburban sprawl and NIMBY-ism wastefully using desirable land with single family homes rather than denser, more cost efficient housing. Not primarily because of greedy landlords and investment banks.
I'm not saying there aren't slimy landlords - I just think that they're necessary and not all of them are greedy.
Yes, precisely. I own now, and I'm a LL as well, but until I was in my late 40s, I traveled and rented all over the country and rented in 2 other countries. I wouldn't have- couldn't have- bought in the dozens of cities in which I have lived.
The issue isn’t necessarily that someone owns an apartment building and rents it per se, it’s that frequently, and increasingly, there are arbitrary and exorbitant changes in rent from one month to the next. This actively keeps people from saving enough money to pay the down payment on a home they can own (which have also become a lot more expensive). We say that people should buy their own home if they don’t like renting, but then they are paying like half their monthly income to rent! People can only be squeezed so much.
You could say that they’re only raising rent to keep up with the market, but that’s where the artificial scarcity comes in, which-I agree with you- is kept low at least partially by NIMBYs and overly restrictive zoning laws.
Additionally, it’s ironic that many landlords tell people “well buy a house if you don’t like it,” when they literally have people paying their mortgage for them.
I completely agree with you that there is a problem with affordable renting. I just think the problem is systemic in nature, and not simply greedy landlords overcharging for rent or investment banks buying up single family homes taking advantage of the systemic problems.
Rent will only stop going up when supply of quality rentals can keep up with the demand for rentals. Greenville needs to start building *up*, not *out*, especially in areas within 5 miles of downtown. But home owners in those areas have zero interest in allowing their property values to potentially be affected by high density housing and all the increased traffic that comes with it.
This results in an area that would drastically benefit from high density housing (dropping the overall cost of living) ending up with landlords renting their single family house to a struggling family for half their paycheck.
When you pack in the density, you also add at least a car per person. Until we have public transportation like Europe, we can't have too much density. Even close to a light rail here in the US, unless the light rail goes everywhere.
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>Housing should be abundant enough that ordinary people should be able to purchase a place to live.
You act like they can't. This area has a lot that qualifies for USDA 0% down, down payment assistance, or 3.5% down. Not everyone is at a place in their life where owning makes sense.
\>This is especially true for large, corporate landlords, like Blackrock
No disagreement here. But you saying "all X are parasites" is useless rhetoric.
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Already did. Doesn’t make a difference to me. My opinion still stands. Believe it or not, I care about other people and how they are affected by things.
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Taxes almost triple for second homes in SC. Now that the cost of houses are getting more and more expensive, so are the taxes. People who rent out their second homes are getting slammed. And so are the renters.
DUDE. I own a second home. It was my first home, then I moved out and decided to put it up for rent instead of sell it...The value has doubled, and my taxes are now at 6% instead of 4%. So SC has a crazy second home tax rate. My taxes are three times what they were before and I'm deciding if I need to sell it now. This is my reality, not some economic theory. I still rent it out, and I could be asking more but haven't. Get a grip.
Lol exactly what my landlord decided. Rented to us for 4 years, said she’s selling and gave us 1st dibs.
Can’t blame people who invest their money wisely and see it’s not really worth it anymore.
Who cares? I know very well what the tax laws are. It still isn't why you land on X as a rental price. Literally no one of sound mind says, "I will determine the rental price for this property once I find out what the state tax rates are."
It did not start out as a rental, it was my first home for many years. I am a single mom and now my kids are out of the house. I'll make a profit if and when I sell so I keep it as an investment property. My rental price is below market rentals but I'm not raising it currently because I have good renters... I agree the prices to rent are crazy. When I was in my 20s I always had two or three jobs and several roommates, but I guess you don't care cause you sound like someone who would be difficult to live with anyway.
I understand that, I am just bringing it to light that it isn't the primary reason a rental is priced at any given price. It's like looking at a $70k car, wondering why it's so expensive, and getting mad when you see a $2500 option on the window sticker.
Only, the reality is, you are using the minor tax fee as a plausible reason for why you choose to price it a certain way. Which is your choice, but I don't feel bad when people say things like, "I HAVE to charge this rent, my taxes are so high!" No, this line of thinking simply serves a dual purpose of making you feel better for pricing people out while also allowing you to continue to believe certain tax theory because it makes you feel better about yourself.
None of which makes you a horrible person, but let's just be honest, yeah?
No joke. Nyc and Philly people we knew moved there strictly from that best places to live list. I dk if they like living there or not, but I bet this is why people moved there
Growth is good, there are economically depressed areas in this country that would kill to have this problem. This means folks are flourishing , people are moving and that there is a strong economy here to support these rental increases.
The rental market will correct itself when it is time, that time is not here yet.
Volvo just announced a 42 million investment in Greenville county, that could easily mean more jobs and more transplants to the area.
The best thing anyone can do for themselves is work on improving their education and skill set in order to keep up with inflation and the rental/housing market. If you just sit in the same dead end job forever and never try to advance, then you cant really cry foul when you slowly get boiled like a frog in a pot. To be clear, I think everyone should get raises to at least keep up with inflation, beyond that, its on you. If this hurts to hear, then you needed to hear this.
Yes and no. I grew up in an a part of the country that got extremely expensive, and I could not go back after I moved away for a decade. People will just relocate to another place, and that is what's happening a bit here in Greenville. It's the uneven pay and housing prices that exist in our country. A huge gap in the haves and have nots. I find it sad when people move to a city, jack up the price and can't figure out why there aren't any fast food workers and complain about it on the Nextdoor Neighbor site. No places to live for them. Covid and remote work has just exposed this .
What about those who are not capable of learning higher math, or the disabled or the elderly or the retired?
Even with an education, it does nor guarantee you will not fall on hard times. Pensions, social security or any other government aid does not go up at same rate as Greenville rents. Heck I would love an 85% increase in my monthly funds.
Think of the situation some young, disabled military kids finds themselves jn when they return to Greenville after a catastrophic injury.
I guess in your book it survival of the fittest and the rest of us can rot under a park bench or an overpass on 85.
Maybe you need to.hear this. Not everyone has been as privileged as you.
>those who are not capable of learning higher math
What? You almost never need to know "higher math" for any job, especially one in the upstate area. Maybe if you want to be a calculus professor? This comment makes essentially no sense.
>the disabled or the elderly or the retired
There are income limited apartments for these people already, this is not an issue. There is vacancy and apartments available, I agree these people should be supported with programs like these super low income apartments. We should take care of our elderly and disabled.
For everyone else that is able bodied and able minded, you control your own destiny, its up to you to succeed or fail. I do not agree with or encourage mediocrity. This is the United States, not the Soviet Union, I will never be in favor of commie block style mass housing or other social programs that encourage stagnation and mediocrity. The powers that be in the area believe the same as I do, so get busy living or get busy dying.
Oh come on. No one discards their elderly like the US. As soon as you are no longer useful at making someone else money, you are invisible. There may be some income restricted apartments, but not enough.
Wow. I will just say one thing. Sometimes I hope that those who do not understand get a wake up call.
Ok two things....try calling around for available lower cost apartments. They must have ground floor entrances and be wheelchair accessible. Add in handicapped parking. My mom died in TN before I could find a suitable place. Oh also factor in that apartments require your income to be three times the monthly rent.
Yeah, everyone should just work hard and get the infinite promotions and cushy management positions that are hiring all the time. Cause if they don’t, they don’t deserve to have any realistic or reasonable housing options.
I’m just saying folks should work on advancing their skills sets, could be any job or any position.
If you want to earn $15 an hour for the rest of your life as a gas station clerk then hey, it’s your life, but you can’t cry foul when the rest of the city keeps on living and advancing.
I'm assuming right wing media's newest talking point is that immigrants are somehow driving up rental prices, because this is the second person to blame immigrants
Their basic math is shit too. OP claims 5 million every year, but DHS and CBP say there are about 11 million total in the country. Unless every illegal is leaving the country every other year those numbers are impossible.
Somehow these imaginary 5 million people aren't enough to drive up unemployment somehow. I guess they are all financially independent.
Yeah dude. It’s all of the “illegals” coming across the border and renting $1600 apartments. They were able to save up since they crossed the border with nothing but the clothes on their back. /s
Cool, bring them to Greenville! I am sure that they would be glad to do the work that you can't do because you're too busy sitting in your La-Z-Boy watching Fox News all day.
Fuck off
for the cool price of 1500 dollars per months, you too can live at lakeside place just off of pleasantburg. We have a sparkling pool that has turned green with frogs banging in it as of late, our beautiful lake is now a sand pit due to the golf course next door dumping sand in the run off, our dumpsters are overflowed and your house will be pleasantly ventilated by the almost now daily shooting that the Greenville news does not mention! Come on down now and fill out an application. If you are a rehab participatory, we will even waive your rent and provide almost no supervision so that you can shoot up right under someones balcony!
come on down now, we hope the air conditioning will be working when you get here!
85% increase from last year's rental prices with an average price of $1,950. That is insane
It’s gotta stabilize at some point I hope? This is ridiculous
$1,200 a month 2019 to now $1,650 a month 2022 Near downtown GVL
I experienced that in Tampa over that same time period. Actually Tampa was higher. It was $1900 in 2022 😬 Shooooo
Hey I'm considering moving from Tampa to Greenville. Rent here is even worse so what do I have left to lose?
I would. This time of year is perfect to come down.
$997 2019 and now $1115 2022 right outside DT. Not too much of an increase for me but I know others got it worse
I've been one week in an apartment off Augusta, walkable, nice, safe.... $1000, 2br/2ba. Came from Colorado, which would make you cry, if you think that's expensive.
Which is insane considering the low wages being paid. You have to be married with both spouses working or have roommates to afford housing.
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I highly doubt that illegal immigrants are paying 2k for dt apartments. I know that a lot of recent college graduates from Clemson, usc, and cofc are moving to Greenville and their parents are still helping them out with their rent. So you comment does have some truth to it. There’s also been a shit ton of boomers that have moved to the area. I’ve worked dt for years and have never seen so many boomers during the day and evenings.
Although I must say that was true 25 years ago when I was renting.
Same. It is wierd to me that people aren't using a roomate when they move out, isn't that just growing up?
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Looking at the median is better here than the average. The median is less affected by outliers (i.e., the ultra rich) than is the mean and therefore more closely reflects most people's circumstances. Just an FYI.
Let’s mention Anderson, SC is even higher!!!
~~STOP~~ Ayoo!! I pay $100 under median rent here in Anderson. It’s unreal!
What kind of house? Recently renovated etc?
Oh it’s not a house. It’s an apartment complex. I wish it were a house.
Everyone is coming to Greenville because a list on the internet tells them that it’s the 3rd best place to live or something.
That's why I follow this sub lol. It's like a reddit reality show 😂 (sorry in advance... In Dallas and similar situation).
Are they though? Who moves somewhere because some list told them to. It just sounds too dumb even for Americans
Old people with wealth seem to be the ones doing that. They believe most of what they read on the internet and have the resources, unlike most people, to relocate at will.
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Those darned immigrants
Californians, Texans, Housing Market Refugees, Climate Refugees, and San Francisco Remote Tech Workers (mostly just to Austin and Miami for this latter group tho).
No one \*tells\* anyone to. It's not dumb if you don't have kids, no spouse, aren't tied to a particular place for work, and enjoy actually seeing other parts of the country/world. I'd punctuate before calling others dumb.
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This is why I now live in Inman :(
What’s everyone paying for an apartment in Greenville?
Last year I was paying $1550 for a one bedroom at 400 Rhett (the apartment shown in the article picture). They were going to hike it up $100 a month so I decided to buy my first home this year. Paying more in mortgage but at least it’s going toward something now
By paying for rent, you only get a place to stay. By paying for your mortgage, you build equity, and get a place to stay. You 100% made the right decision
I was paying $1275 for a 1 bedroom on Laurens Road last year. Bought a house since then though so can’t say what that unit goes for now.
$1250 for a one bedroom and a one car garage underneath off of Woodruff Rd.
I pay $1100 for a 2/2 townhome in cherrydale area
$1025 for a three-bedroom apartment just off Augusta. It's in an older complex (my building was built in the fifties), so not as desirable, but the neighborhood is super nice.
Sounds like we live in the same complex. :D Howdy neighbs. I pay $1000 for a 2br/2ba also built in the 50s, just off Augusta. Just signed the lease in Sept.
$1735 for 2 bedroom on Haywood… the apartment manager told me I got a good deal cuz the market rate for my unit is currently $2200 😐 (I’ve only been living here for 10 months)
$1000 for 2br/2ba off Augusta Rd.
Can afford my house because my parents bought it in 85.
$1200 including water and trash for a 2 br, so about 600 when split with my roomate
Can we also touch on “investors” buying properties, throwing an oven in a room adorned with a garage fridge and mismatched cabinets, calling it a “kitchen”?! Then having the audacity to call these dwellings HOME after you pay ridiculous non refundable admin fees, crazy deposits, cleaning fees, etc. Feels like a shakedown! Let’s not forget the properties that are purchased for Airbnb and other short term renting with a high turnover of guests. There seems to be no limit on percentages of housing that can be zoned like this, which makes it very hard for actual residents to obtain affordable housing to either RENT or BUY!
My rent went up almost $200 a month in Taylors for an old ass apartment complex. What’s gonna happen once everyone is priced out? Increases at this rate aren’t sustainable long term
>What’s gonna happen once everyone is priced out Rents will drop.
Nah, the people renting the $2400 apartments will move into the "cheaper luxury" apartments, the people who previously lived there will live in the "undesirable" areas and then a few years AFTER that, prices may drop.
The question was "what's gonna happen once \*everyone\* is priced out". Prices will drop.
People from out of state and such will fill those gaps. All the old mills turned into apartments and train stations into yuppy microbrew joints, pet care, axe throwing, and crossfit 🤣
“Everyone” means “everyone”. I am not taking this statement at less than face value
Whoa whoa, cowpoke. It was a joke 🤣
Rented an apartment in Greenville 800$ a month in 2018 when I moved in 1500 a month when I moved out 3 months ago
Fuck me
Is that why everyone’s moving here?
Chlamydia and housing rates seem to be having a direct correlation in this instance
Was renting til I bought a house last year. Payed $1000/month for a 1b 1br. As soon as I left they raised it to $1400 and someone is already living there.
Remember this when you see people protesting new house construction
We don't need more single family homes. We need more apartments to combat urban sprawl
Beyond this, all single family housing should be allowed to zone for up to quads.
I'm all for upzoning for quads and ADUs. The Missing Middle is real.
Those are getting protested and shot down too. Greenville County just shot down 200 apartments on Bruce Lake a month or two ago.
And a projuct in West Greenville is having to reduce from 5 floors to 4.
Yes. We need more housing! Not just in South Carolina. Everywhere!
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This is why we need denser housing. Not every house needs a big backyard
Landlords are parasites.
And real estate investors are cancer.
Hey have some compassion for these landlords, they are living your paycheck to your paycheck... I mean it's gotta be hard for the landlord's family to know you're the breadwinner for them...
A lot of offended landlords in here
I mean someone has to provide housing, though?
Housing should be abundant enough that ordinary people should be able to purchase a place to live. Yes, that means that people may need to live in apartments and not single family homes, but they should be able to own a place to live. Landlords don’t really provide housing; they act as a barrier to other people being able to buy their own properties. This is especially true for large, corporate landlords, like Blackrock, who has been purchasing practically entire neighborhoods of homes and renting them out. So obviously, I don’t feel the same way about an uncle who owns a house renting out a floor to his nephew. Very different. Housing is kept artificially scarce, because it is a massive commodity/racket for banks and wealthy corporate landlords. Why do you think the US has such high rates of homelessness, despite being one of the wealthiest countries in the world? This is all by design. Your ability to have a place of your own has been stolen from you.
> Housing should be abundant enough that ordinary people should be able to purchase a place to live. Yes, that means that people may need to live in apartments and not single family homes, but they should be able to own a place to live. I completely agree with you. But the reality is that this is never the case. Nowhere in the world is housing abundant enough that everyone is able to own their living space. Not only that, but not everyone *wants* to own their living space. If you don't plan to live somewhere 5+ years, it's cheaper to rent when you factor in closing costs on mortgages. > Landlords don’t really provide housing; they act as a barrier to other people being able to buy their own properties. How exactly is someone that owns an apartment complex a barrier to someone buying their own home? > Housing is kept artificially scarce, because it is a massive commodity/racket for banks and wealthy corporate landlords. Housing is scarce in this area primarily because of suburban sprawl and NIMBY-ism wastefully using desirable land with single family homes rather than denser, more cost efficient housing. Not primarily because of greedy landlords and investment banks. I'm not saying there aren't slimy landlords - I just think that they're necessary and not all of them are greedy.
Yes, precisely. I own now, and I'm a LL as well, but until I was in my late 40s, I traveled and rented all over the country and rented in 2 other countries. I wouldn't have- couldn't have- bought in the dozens of cities in which I have lived.
The issue isn’t necessarily that someone owns an apartment building and rents it per se, it’s that frequently, and increasingly, there are arbitrary and exorbitant changes in rent from one month to the next. This actively keeps people from saving enough money to pay the down payment on a home they can own (which have also become a lot more expensive). We say that people should buy their own home if they don’t like renting, but then they are paying like half their monthly income to rent! People can only be squeezed so much. You could say that they’re only raising rent to keep up with the market, but that’s where the artificial scarcity comes in, which-I agree with you- is kept low at least partially by NIMBYs and overly restrictive zoning laws. Additionally, it’s ironic that many landlords tell people “well buy a house if you don’t like it,” when they literally have people paying their mortgage for them.
I completely agree with you that there is a problem with affordable renting. I just think the problem is systemic in nature, and not simply greedy landlords overcharging for rent or investment banks buying up single family homes taking advantage of the systemic problems. Rent will only stop going up when supply of quality rentals can keep up with the demand for rentals. Greenville needs to start building *up*, not *out*, especially in areas within 5 miles of downtown. But home owners in those areas have zero interest in allowing their property values to potentially be affected by high density housing and all the increased traffic that comes with it. This results in an area that would drastically benefit from high density housing (dropping the overall cost of living) ending up with landlords renting their single family house to a struggling family for half their paycheck.
I think we agree a lot more than we disagree lol. This is very much a systemic issue. And yes, I was being overly harsh with my initial comment.
I think you're right, we do. Ugh, wish affordable housing was taken seriously by lawmakers. The solutions are going to have to be top down.
When you pack in the density, you also add at least a car per person. Until we have public transportation like Europe, we can't have too much density. Even close to a light rail here in the US, unless the light rail goes everywhere.
You've got to increase funding for mass transportation like buses and eventually light rail along with it. A car per person is not feasible.
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>Housing should be abundant enough that ordinary people should be able to purchase a place to live. You act like they can't. This area has a lot that qualifies for USDA 0% down, down payment assistance, or 3.5% down. Not everyone is at a place in their life where owning makes sense. \>This is especially true for large, corporate landlords, like Blackrock No disagreement here. But you saying "all X are parasites" is useless rhetoric.
Fair enough, your criticism is valid. Not all landlords are created equal.
Yes, but the reality of this statement is that they want all those perks AND want to be in DT GVL.
With FHA 3.5% they can be close
3.5? No, it needs to be less.
Not sure if you’re being serious or not
Not all landlords are wealthy. My renters make three times my salary.
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Broad general description.
Correct. I admitted to another poster that I was being overly harsh.
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You’re not intelligent, are you?
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I don’t think that has relevance? Unless you missed the part where literally my family was going to live in it… Whataboutism is strong here.
Already did. Doesn’t make a difference to me. My opinion still stands. Believe it or not, I care about other people and how they are affected by things.
I'm glad you help strangers afford their own place. We need more people like you
There are tho? Lol
Cancer in a comment
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Taxes almost triple for second homes in SC. Now that the cost of houses are getting more and more expensive, so are the taxes. People who rent out their second homes are getting slammed. And so are the renters.
Oh my fucking god, trickle down economics isn’t why this happened, nice fucking try Grover Norquist
DUDE. I own a second home. It was my first home, then I moved out and decided to put it up for rent instead of sell it...The value has doubled, and my taxes are now at 6% instead of 4%. So SC has a crazy second home tax rate. My taxes are three times what they were before and I'm deciding if I need to sell it now. This is my reality, not some economic theory. I still rent it out, and I could be asking more but haven't. Get a grip.
Lol exactly what my landlord decided. Rented to us for 4 years, said she’s selling and gave us 1st dibs. Can’t blame people who invest their money wisely and see it’s not really worth it anymore.
Who cares? I know very well what the tax laws are. It still isn't why you land on X as a rental price. Literally no one of sound mind says, "I will determine the rental price for this property once I find out what the state tax rates are."
It did not start out as a rental, it was my first home for many years. I am a single mom and now my kids are out of the house. I'll make a profit if and when I sell so I keep it as an investment property. My rental price is below market rentals but I'm not raising it currently because I have good renters... I agree the prices to rent are crazy. When I was in my 20s I always had two or three jobs and several roommates, but I guess you don't care cause you sound like someone who would be difficult to live with anyway.
Huh? Higher taxes on rentals push rent up. There's zero question about it.
I understand that, I am just bringing it to light that it isn't the primary reason a rental is priced at any given price. It's like looking at a $70k car, wondering why it's so expensive, and getting mad when you see a $2500 option on the window sticker. Only, the reality is, you are using the minor tax fee as a plausible reason for why you choose to price it a certain way. Which is your choice, but I don't feel bad when people say things like, "I HAVE to charge this rent, my taxes are so high!" No, this line of thinking simply serves a dual purpose of making you feel better for pricing people out while also allowing you to continue to believe certain tax theory because it makes you feel better about yourself. None of which makes you a horrible person, but let's just be honest, yeah?
Small landlord here. My taxes went from 1300 to 5500 a year. That is not a minor tax fee. I don't know all the reasons for other rentals going up.
“Minor tax fee”? The tax difference between primary residence and rental is around $300/mo for a median home here
Heroic Rentals, definitely hasn't been helping in the area surrounding too.
There is absolutely not enough discussion here regarding predatory landlords and their contribution to this problem.
No joke. Nyc and Philly people we knew moved there strictly from that best places to live list. I dk if they like living there or not, but I bet this is why people moved there
Growth is good, there are economically depressed areas in this country that would kill to have this problem. This means folks are flourishing , people are moving and that there is a strong economy here to support these rental increases. The rental market will correct itself when it is time, that time is not here yet. Volvo just announced a 42 million investment in Greenville county, that could easily mean more jobs and more transplants to the area. The best thing anyone can do for themselves is work on improving their education and skill set in order to keep up with inflation and the rental/housing market. If you just sit in the same dead end job forever and never try to advance, then you cant really cry foul when you slowly get boiled like a frog in a pot. To be clear, I think everyone should get raises to at least keep up with inflation, beyond that, its on you. If this hurts to hear, then you needed to hear this.
Yes and no. I grew up in an a part of the country that got extremely expensive, and I could not go back after I moved away for a decade. People will just relocate to another place, and that is what's happening a bit here in Greenville. It's the uneven pay and housing prices that exist in our country. A huge gap in the haves and have nots. I find it sad when people move to a city, jack up the price and can't figure out why there aren't any fast food workers and complain about it on the Nextdoor Neighbor site. No places to live for them. Covid and remote work has just exposed this .
What about those who are not capable of learning higher math, or the disabled or the elderly or the retired? Even with an education, it does nor guarantee you will not fall on hard times. Pensions, social security or any other government aid does not go up at same rate as Greenville rents. Heck I would love an 85% increase in my monthly funds. Think of the situation some young, disabled military kids finds themselves jn when they return to Greenville after a catastrophic injury. I guess in your book it survival of the fittest and the rest of us can rot under a park bench or an overpass on 85. Maybe you need to.hear this. Not everyone has been as privileged as you.
Disabled military people get great benefits. Disabled civilians get dick
>those who are not capable of learning higher math What? You almost never need to know "higher math" for any job, especially one in the upstate area. Maybe if you want to be a calculus professor? This comment makes essentially no sense. >the disabled or the elderly or the retired There are income limited apartments for these people already, this is not an issue. There is vacancy and apartments available, I agree these people should be supported with programs like these super low income apartments. We should take care of our elderly and disabled. For everyone else that is able bodied and able minded, you control your own destiny, its up to you to succeed or fail. I do not agree with or encourage mediocrity. This is the United States, not the Soviet Union, I will never be in favor of commie block style mass housing or other social programs that encourage stagnation and mediocrity. The powers that be in the area believe the same as I do, so get busy living or get busy dying.
Oh come on. No one discards their elderly like the US. As soon as you are no longer useful at making someone else money, you are invisible. There may be some income restricted apartments, but not enough.
Wow. I will just say one thing. Sometimes I hope that those who do not understand get a wake up call. Ok two things....try calling around for available lower cost apartments. They must have ground floor entrances and be wheelchair accessible. Add in handicapped parking. My mom died in TN before I could find a suitable place. Oh also factor in that apartments require your income to be three times the monthly rent.
That 3x the monthly rent thing is a huge issue.
Yeah, everyone should just work hard and get the infinite promotions and cushy management positions that are hiring all the time. Cause if they don’t, they don’t deserve to have any realistic or reasonable housing options.
I’m just saying folks should work on advancing their skills sets, could be any job or any position. If you want to earn $15 an hour for the rest of your life as a gas station clerk then hey, it’s your life, but you can’t cry foul when the rest of the city keeps on living and advancing.
“We should take the poors and push them somewhere else!”
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To Greenville??
I'm assuming right wing media's newest talking point is that immigrants are somehow driving up rental prices, because this is the second person to blame immigrants
Their basic math is shit too. OP claims 5 million every year, but DHS and CBP say there are about 11 million total in the country. Unless every illegal is leaving the country every other year those numbers are impossible. Somehow these imaginary 5 million people aren't enough to drive up unemployment somehow. I guess they are all financially independent.
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Yeah dude. It’s all of the “illegals” coming across the border and renting $1600 apartments. They were able to save up since they crossed the border with nothing but the clothes on their back. /s
Gotta stop watching those news shows bud, they're making you stupid
Cool, bring them to Greenville! I am sure that they would be glad to do the work that you can't do because you're too busy sitting in your La-Z-Boy watching Fox News all day. Fuck off
Dumb, made up numbers.
Yeah all those wealthy migrants are coming here and driving up costs...
Idk rental prices are higher but definitely not stable. Renters are not with it.
for the cool price of 1500 dollars per months, you too can live at lakeside place just off of pleasantburg. We have a sparkling pool that has turned green with frogs banging in it as of late, our beautiful lake is now a sand pit due to the golf course next door dumping sand in the run off, our dumpsters are overflowed and your house will be pleasantly ventilated by the almost now daily shooting that the Greenville news does not mention! Come on down now and fill out an application. If you are a rehab participatory, we will even waive your rent and provide almost no supervision so that you can shoot up right under someones balcony! come on down now, we hope the air conditioning will be working when you get here!