[quote=FlyerInHi]It’s a good time to be in the apartment business. The nicer apartments complexes are able to raise rents and they are multiplying.
I like these type of apartments being built. This complex here is right on el cajon blvd with storefronts. This company owns/managers lots of complexes around the country.
Pretty pathetic that a “Luxury” apartment is probably over 3k/month for 1000 sqft while I sit in an econobox over 3000 sqft at a lower monthly with tax benefits. Not to mention you need to have 3 other roommates so you don’t feel it’s that expensive.
I honestly feel like how I did it in the past if I had to still rent (and was 20 years younger), I’d tried to live in the cheapest crappiest shit hole instead of “wasting” my money on rent and NEVER have any savings. No wonder rentals use even more of a persons % of income on rent vs. mortgagers.
