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Is it better to rent a cheap/shitty place, or rent something suitable that you struggle to afford?
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this post was submitted on 09 Jul 2024
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It's moving from my own place to a shared space, and I have to go outside to another building to use the kitchen or bathroom.
OK. Yeah. Those are sacrifices. Shorter commute and no pests? Huge upgrades though. It sounds worth it, unless you really really value your privacy.
Commute of fifty minutes? The max for me.
And I feel something like pests would be a great reason to spend more on housing. But in this case spend less.
Definite market failure there are not more housing options at more price points in more locations and quality.
OP's privacy is currently being violated by the landlord keeping an eye on how many days they work from home. (wtf?)
Heard - unfortunately no pests isn't a guarantee, it's more of an unknown. The floorboards are unfinished and I wouldn't be surprised if there was something.
Yeah the housing market here is rough. Only found this cheap place through contacts.
I don't think unfinished floorboards necessarily makes rodents so much more welcome.
I'd say go for the cheaper one. You save 50 minutes every day, you probably don't have to deal with rats any more, you can invest $1000 per month for savings, and you get rid of your creepy landlady. Flatmates might be a blessing and they might be a curse, but a good first impression is a start.
I'm definitely leaning this way. Messaged the shared house to let them know my interest, it's still up to them but I'll see!
And tbh I need to trust my instincts more. Got a weird vibe from the landlady from the start. So maybe it's a good sign for the potential housemates 😅
Also finding it through contracts is a good sign.
If it's not 100% cozy, remember you could spend $500 per month making it cozier and you'd still be in the green.
Good luck!
It's not a market failure, it's a deliberate constraint on supply by local governments, in most cases. It's local government interfering with the market.
Developers would LOVE to build more housing. Not that I'm any fan of developers, but they're not the cause of the supply shortage here.
No one is making low cost housing. Yes sure making more houses might stop the bleeding on cost.
But no developer is like "yeah I want to build some affordable housing. Something those stuck in the slums aspire to".
They make the shit with the best margins.
I think it's both. There is a lot of NIMBYism and local homeowners like to vote against affordable housing. And of course, the homeowners are all old and retired and have time to harass city councils.