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Reply to "When did apartment prices increase so dramatically? "
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[quote=Anonymous][quote=Anonymous]While my 24-year-old son is looking forward to moving out, the cost of a one-bedroom apartment in Woodbridge starts at $1,600, which is higher than our monthly mortgage payment.[/quote] The high cost of buying a home pushes people into renting. The increase in demand for renting pushes the prices up for apartments. It stinks. My Gen X boss with a home worth almost a million has a mortgage payment equivalent to a 2 bd 2 brd apt in the Montgomery County area. [/quote]
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