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Old 01-13-2022, 06:27 PM   #1
Aviza
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Default My Rent is Going Up

My rent is going up 206 dollars, I live in subsidized housing. My real problem is debt I have a lot of it. I'm going to have to figure out a new repayment plan so I have some wiggle room in my budget because the stress causes spending which can cause more issues.

So much for being debt free in 4 years. More like 6.
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Old 01-13-2022, 06:35 PM   #2
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Default Re: My Rent is Going Up

That's awful. $206 seems like a HUGE rent increase.
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Old 01-13-2022, 10:08 PM   #3
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Default Re: My Rent is Going Up

Thatís unusually high. Iíve never have such increase and I lived in expensive neighborhoods when I was still renting.
How do they explain such increase?
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Old 01-14-2022, 12:14 PM   #4
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Default Re: My Rent is Going Up

raises work and social security
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Old 01-16-2022, 02:12 PM   #5
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Default Re: My Rent is Going Up

I decided to stay. But I am trying to get situated to buy. I have a 5 year plan but may be able to do it sooner.
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Old 01-16-2022, 02:26 PM   #6
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Default Re: My Rent is Going Up

Quote:
Originally Posted by Aviza View Post
raises work and social security
Boy it just ate both of those up
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Old 01-16-2022, 06:06 PM   #7
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Quote:
Originally Posted by Aviza View Post
raises work and social security
Iím not sure what this means.

The increase is outrageous.
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My Rent is Going Up

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Old 01-16-2022, 06:21 PM   #8
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Default Re: My Rent is Going Up

Your social security and income went up? Your posts are confusing. If you are in subsidized housing then I think maybe thatís the reason? Confused.

Buying property is not a picnic. In a long run itís going to be much more expensive than subsidized rent. How are you going to pay it every month? If you have hard time affording subsidized apartment then there is no way you can afford mortgage. What are you buying? House? Condo?

How will you qualify for mortgage? Why donít you do mortgage pre approval so you can have an idea what mortgage you can count on.
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Old 01-17-2022, 05:55 AM   #9
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Default Re: My Rent is Going Up

my rent went up $600. It's crazy what the rentals are going for around here.
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Old 01-17-2022, 06:02 AM   #10
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Default Re: My Rent is Going Up

Rents seem to be out of control all over the place. Out of curiosity, my husband was looking at rents in the area where we used to live in when we were in Santiago, the capital. The lowest rents now are about double what the average rent was when we left in 2019. I was reading that landlords are getting pickier too now that rental demand is going up again. Many won't allow pets or children these days.

It looks like we bought at just the right time. Purchase prices have spiked up too. We wouldn't be able to afford anything.
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Old 01-17-2022, 03:41 PM   #11
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Default Re: My Rent is Going Up

my rent is close to what a mortgage is now. I'm applying to see what I can do.
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