Why is moving out on your own so expensive?
To live in a decent area it seems I need at least $800 a month from when i was looking at apartments last in decent areas. I cant afford that
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ViciDraco · 36-40, M
You must live in an inexpensive area. But...
Housing costs are high because everyone looks at property as an investment. Wealthy people but property and expect to turn a profit on it. This causes housing prices to go up, which creates a higher barrier to entry for home ownership. That forces more people into renting. More people renting means more demand for rentals which means rents can be increased.
Housing crisis helped housing prices for a bit, though they are getting out of control again. But rent stayed high because people have to live somewhere.
Housing isn't optional, so they can charge what they want.
Housing costs are high because everyone looks at property as an investment. Wealthy people but property and expect to turn a profit on it. This causes housing prices to go up, which creates a higher barrier to entry for home ownership. That forces more people into renting. More people renting means more demand for rentals which means rents can be increased.
Housing crisis helped housing prices for a bit, though they are getting out of control again. But rent stayed high because people have to live somewhere.
Housing isn't optional, so they can charge what they want.