When did apartment prices increase so dramatically?

[Anonymous]

They haven't increased dramatically. They are priced based on location and amenities.
A $1,600 apt in Woodbridge would cost $2,600 in Crystal City and $3,600 in Penn Quarter.
Sounds like parent and child failed to do any pre-research into what life will cost and assumed they would be below a certain threshold then clutch pearls when the truth hits them that prices aren't akin to the 1980s.

Problem #1 is disbelief that there has been inflation since 1986.
Problem #1 is disbelief and a anger at folks who can seemingly afford it cuz there are tons of 20, 30 and 40-something living in apartments.

[Anonymous]

The truth is most people are getting help from their parents. He can get a roommate if that’s what he needs to do.

[Anonymous]

I’ve never had a roommate.

Is moving out and living on your own simply not a thing ?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is why two of my adult children live at home. Sure they could get an apartment together, but why should they pay $1200 each to live in an apartment when our house is open and available. Instead they are saving and should have a good nest egg when they are ready.

Yes, it's so nice to live at home in your 20s. Who wants to pay utilities, clean the house, cook, buy groceries, fix the home, pay insurance, or internet service AND worry about adulting, when you can just live at home. LOL.

They can help out with all this while living at home. In today’s economy it makes sense to stay at the parents’ home while they can.

The Economy would never be good for a young adult. Not today, not 10-20 years ago either. We all started somewhere right? stop enabling this new generation, they are all turning into snowflakes!

Oh shut up MAGA.
The Economy is a mess because of your stupidity.

Kids do not make enough to pay for apartments now because of the Republican party. Trump ran on grocery going down and more jobs. BS neither is true and never would be under that garbage.

Republicans are going to burn this country to the ground economically who will suffer our kids! They already are.

Trump is apparently talking to Elizabeth Warren about putting limits on credit card interest rates. And his administration was just talking about banning institutional buyers like Blackrock from buying SFH. Let's see what actually does happen but note these are pretty progressive steps.

If he actually does it I’ll give him credit. Unfortunately, I think what’s more likely to happen is some wealthy special interest donor will ask him not to go through with it so he won’t.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is why two of my adult children live at home. Sure they could get an apartment together, but why should they pay $1200 each to live in an apartment when our house is open and available. Instead they are saving and should have a good nest egg when they are ready.

Yes, it's so nice to live at home in your 20s. Who wants to pay utilities, clean the house, cook, buy groceries, fix the home, pay insurance, or internet service AND worry about adulting, when you can just live at home. LOL.

They can help out with all this while living at home. In today’s economy it makes sense to stay at the parents’ home while they can.

What if they want to bring a date / boyfriend home and ——

Hard pass for me when I was that age! We lived with roommates and it was fun and affordable

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is why two of my adult children live at home. Sure they could get an apartment together, but why should they pay $1200 each to live in an apartment when our house is open and available. Instead they are saving and should have a good nest egg when they are ready.

Yes, it's so nice to live at home in your 20s. Who wants to pay utilities, clean the house, cook, buy groceries, fix the home, pay insurance, or internet service AND worry about adulting, when you can just live at home. LOL.

They can help out with all this while living at home. In today’s economy it makes sense to stay at the parents’ home while they can.

What if they want to bring a date / boyfriend home and ——

Hard pass for me when I was that age! We lived with roommates and it was fun and affordable

Parents allow it apparently.. Beginning in college. Afterall, they’re adults.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is why two of my adult children live at home. Sure they could get an apartment together, but why should they pay $1200 each to live in an apartment when our house is open and available. Instead they are saving and should have a good nest egg when they are ready.

For the obvious reason that many times the parents have their home in a shitty location for young people.

If you own a nice apartment in Manhattan or a home in Dupont Circle...that's a different calculation...but if you live in Nokesville, VA, well that sounds like hell for most young people.

I didn't even know a place like 'nokesville' existed -- even the name evokes the most red neck fly over jefferson davis place known to man.

[Anonymous]

Anonymous wrote:I’ve never had a roommate.

Is moving out and living on your own simply not a thing ?

I mean I’m 40 and everyone I knew had roommates downtown in DC in our 20s. It was fun!

Moving out? Most of us went to college and then got apartments with our friends. I never moved into my parents house as an adult.

[Anonymous]

Anonymous wrote:

Anonymous wrote:When I was 22 in 2008 I couldn’t find a 2 bedroom for less than $1600 for my roommate and I. I actually think apartments aren’t that expensive compared to sfhs

Same. I ended up finding a stranger on Facebook to move in with! It worked out ok, we were never really friends but it wasn't a disaster.
I've heard young people now resist roommates.

Seriously - get a roommate and save some money for fun!

[Anonymous]

Having a roommate doesn’t solve the problem. It brings the cost down some but doesn’t cut the cost in half. And, since Covid apartments in the DMV have gotten nicer with more amenities. Even many of the older apartments were renovated so there are fewer “old” apartment buildings that might be more affordable.

[Anonymous]

Anonymous wrote:Having a roommate doesn’t solve the problem. It brings the cost down some but doesn’t cut the cost in half. And, since Covid apartments in the DMV have gotten nicer with more amenities. Even many of the older apartments were renovated so there are fewer “old” apartment buildings that might be more affordable.

40-something here. We often had more than one roommate and so rent wasn’t a problem. But it seems like this isn’t done anymore for some reason.

As many PPs have mentioned it was a lot more fun living with roommates as a young adult, than living with mom and dad. I can’t even imagine that 😂

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’ve never had a roommate.

Is moving out and living on your own simply not a thing ?

I mean I’m 40 and everyone I knew had roommates downtown in DC in our 20s. It was fun!

Moving out? Most of us went to college and then got apartments with our friends. I never moved into my parents house as an adult.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’ve never had a roommate.

Is moving out and living on your own simply not a thing ?

I mean I’m 40 and everyone I knew had roommates downtown in DC in our 20s. It was fun!

Moving out? Most of us went to college and then got apartments with our friends. I never moved into my parents house as an adult.

Same. I'm seeing a pattern. Too many parents don't want their children to move out and will use any excuse to justify them not leaving home (them) be it a control thing or a fear thing. Adulting is too hard. Rent is too high. Too much crime. They will have no money. I feel better when they are at home.
They are 10 years old forever in their parents' eyes. Then they they wonder why at 29/30/35 their baby is still a baby.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is why two of my adult children live at home. Sure they could get an apartment together, but why should they pay $1200 each to live in an apartment when our house is open and available. Instead they are saving and should have a good nest egg when they are ready.

For the obvious reason that many times the parents have their home in a shitty location for young people.

If you own a nice apartment in Manhattan or a home in Dupont Circle...that's a different calculation...but if you live in Nokesville, VA, well that sounds like hell for most young people.

I didn't even know a place like 'nokesville' existed -- even the name evokes the most red neck fly over jefferson davis place known to man.

😂 pretty sure you're not wrong

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is why two of my adult children live at home. Sure they could get an apartment together, but why should they pay $1200 each to live in an apartment when our house is open and available. Instead they are saving and should have a good nest egg when they are ready.

For the obvious reason that many times the parents have their home in a shitty location for young people.

If you own a nice apartment in Manhattan or a home in Dupont Circle...that's a different calculation...but if you live in Nokesville, VA, well that sounds like hell for most young people.

I didn't even know a place like 'nokesville' existed -- even the name evokes the most red neck fly over jefferson davis place known to man.

Do you realize how you come across when you say things like this? Why do you think it’s ok to disparage the name of someone’s town for no reason? Aren’t you supposed to be the evolved one?