I love my apartment and my neighborhood. I took a lot of time to find it, and spent hours and hours doing comparisons on spreadsheets in an effort to quantify the perfect place to live.
Yesterday, I got a notice that my rent is going up more than 10% when I renew my lease in October. With parking and pet rent I already pay $1300 a month. Now it is going up another $136 a month, and there was no mention of additional services being added to sweeten the deal.
It is hard to find a place that takes medium size dogs, has covered parking and garages, and is in a nice neighborhood. I just feel like the rent is out of place for the community. Most of the comparables are in the $975 price range, but don't offer assigned parking or garages. I live on the west coast, so these prices are pretty normal here. Any of you from the mid-west or south will find these rents crazy expensive, I'm sure.
I feel tired just thinking about moving, but I also feel like my community is gouging me a bit with this increase within my first year here. I haven't asked my neighbors if they are also getting a rent increase, but will do that as soon as I run into someone. There are many retirees here, and I'm sure they aren't thrilled at the 10% increase either.
Anyway, I guess I'm just venting a little bit. Are any other areas seeing this kind of increase in rents now that real estate is turning around?



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