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Rent in an expensive city

January 5, 2008

I’m feeling a little resentful of the rent check I’ll be writing for the next year. I’m worried it was a mistake. It was completely my choice: $1425/month for a small place in a good neighborhood close to work. For just me. No roommates. EXPENSIVE city. So far, I have not heard of anyone who has rent this high….

I wanted to spend about $1000, but I couldn’t figure out how to do it.  The only person i know in the city is my boyfriend, and while we do plan to ultimately live together, it isn’t going to be right away.   At least a year away.  I didn’t want to find a roommate off the internet. All the cheaper apartments were in scary areas with a lot of crime, rape 600% higher than the rest of the city.  It came down to paying $1200 for a dumpier place further from work, or paying the extra money for the convenience of being close to work.  So i chose it.  I signed up for a year.

It isn’t as though I can’t afford it.  I can afford it, while also affording to fund a Roth, put at least 10% in a 401k, accumulate savings, and pay down student loans.  I can afford it, but I just would rather not.  It is so much money, as I pay less than $600 currently.  Less than $600!!!! For a one bedroom place all by myself!

I’m priced out of the housing market for now, and may not be in the city five years anyway.  It just stinks to pay $17000 a year and get nothing in return.

One Comment leave one →
  1. January 6, 2008 2:16 pm

    Love your blog!

    I’ve subscribed to read it regularly and have added it to my blog roll.

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