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To: Yo-Yo
Locally most apartments are renting for as much or more than a mortgage payment. My daughter pays $500 per month more than I pay for my mortgage. Factoring in garbage, water/sewer and I still pay less.

The apartment complexes are getting away with this for two reasons. Shortage of apartments and the State pays rent for section 8 housing recipients to move into apartments because they lack section 8 housing.

Locally they stopped building apartments and built only single family homes. Because the market was so hot. Now there is a shortage of apartments.

16 posted on 08/29/2022 7:40:15 AM PDT by OldGoatCPO (No Caitiff Choir of Angels will sing for me)
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To: OldGoatCPO

My son rents a basement room from his grandma. It’s a great deal for both of them. He just started a new job as an over the road trucker and is only home 1-2 days a week.

He said he wants an apartment and we’re telling him to hold off.


65 posted on 08/29/2022 10:29:55 AM PDT by cyclotic (Follow 1776Restorationmovement.com fighting for our Constitution. @1776RM on Truth)
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