Comments | elessa: Domiciling

elessa

Domiciling

Apr 26, 2015 19:49

Feeling a bit defeated. Rent increases as of May 1 to an amount equivalent to one paycheck. Decided to look into purchasing property rather than continuing to rent. I have come to the realisation that is not going to occur during the next couple years at least ( Read more... )

random musings, mortgages, choices, depression

Comments 5

ellettra April 28 2015, 00:00:41 UTC

I man, I empathize. Sooooooo keenly.

elessa April 28 2015, 00:36:45 UTC

It is very frustrating.

Some of the places I have seen I want to scream "Are you kidding me!" when I see the price they are listed for. There are houses that a year ago couldn't be given away in an area of town I am interested in that are now going for $400K. These are houses that a year ago were listing for $150K or less.

Today I looked online at one that listed nine days ago and the asking price has risen $12K in that time.

I just do not have the money to finance a mortgage with a monthly payment I would be comfortable with.

The places I could buy today would not be sanctuary to come home to. They would be nightmarish due to location or renovation requirements.

~sigh

Tis alright. I like my apartment for the most part. It isn't perfect, but as I look at options for purchase, it beats them every time.

ellettra April 28 2015, 02:20:48 UTC

It's insanity, it's practically criminal! But I know exactly what you mean. There is no way I'm living in the areas in which I could comfortably afford. Not a chance. :(

nici13 May 11 2015, 16:47:15 UTC

the lack of rent control in Portland is insane. I just can't fathom having to deal with that.

elessa May 12 2015, 02:33:24 UTC

The lack of rent control in both Oregon and Washington is appalling. A landlord can increase rent by any percentage they feel the market can bear. My rent increased 11%. I have heard anecdotes of rents increasing by 50 ( ... )