I paid $750 for a 2br 30 years ago. I pay $850 for a 3br now. I used to live outside San Francisco, now I'm in Ohio.
this post was submitted on 29 Apr 2025
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Not living in Ohio is worth at least $1k a month, so that tracks.
Yeah places with really low rents, there's always a reason. But sometimes it's still an option.
Ha, I was just being snarky. I've never liked the few parts of Ohio I've been at, but I'm guessing there are some good places there.
Honestly there are some beautiful and amazing places in Ohio and some places you don't even want to be on accident. I have a friend who is a civil engineer, his college was funded by Youngstown on the condition he worked there for five years after he graduated. A group of friends were going on a motorcycle trip to Maine and we met at his place for the first night. I was running out of gas as we got into Youngstown but the group wanted to go to a Shell for fuel so I coasted in on fumes. While we were filling our bikes seven people were screaming at each other and it broke out into a full-out brawl. I was worried about knives or guns coming out but we were done so we just burned the hell out of that place. I would bet you can still find a house in Youngstown for under $100k.
Landlords are not greedy. They are inherently parasitic.
Adam Smith would agree with you.
My mortgage is close to 1600 a month. Plus HOA fees on top of that.
I dont think rent being at that price range is always greedy landlords.
What's your interest rate? That plays a huge factor in what your monthly payments are.
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My own mother has been talking about leaving town and rather then selling her house, her plan is to rent the house out survive off the rent she collects.
on its own that wouldnt be outrageous, if it werent for the fact my mother is extremely irresponsible with money and her lifestyle and bad habits are essentially going to be paid for by someone else.
its opened my eyes on landlords.. a lot of them dont work, and they dont even do the minimum for their tenants. they just expect to get paid.
They now have services that are essentially landlord insurance where they will perform any service for you that needs to happen for a set price for low maintenance properties.
Hot take, but it's both. I make $40k in a major american city, and while it sucks I have a decent amount saved up, I live alone, and I've paid off all my debt (although I'll probably never be able to afford a home).
To be clear, I don't think anyone should have to cut the corners I do to live with financial security, and not everyone can (my partner is disabled, financial security is a pipe dream for them), but it isn't impossible for most people.
I make $40k in a major american city
I hope you have healthcare, because that sounds terrifying.
I do, I actually have very good insurance and a pretty-alright 401k. My partner doesn't, and it's... brutal. They've got several serious health conditions that they just hope aren't going to kill them in the next decade or so.
Nobody should be subjected to that.