Rising Rents Are Pushing More Tenants Past the Breaking Point

Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by setr on Thursday October 26, 2017 @08:08PM (#15564428)

I had found 1 room shared by bunkbed airbnb's for ~$1500/mo in SF, in a shitty location but forget where specifically about a year ago; and that was pretty cheap for near the heart, afaict

$1900/mo got me a 2-story townhouse in chicago just south of the south loop; maybe 15 min by train to the heart of the city, 20 min walk to chinatown

Had 3 proper bedrooms and an attic, so with 3 roomates it was more like $450/mo

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by ryuker16 on Thursday October 26, 2017 @08:21PM (#15564511)

Funny, I had an airbnb(I hosted) in nashville's downtown that made that rate look dirt cheap.

Reason?

Outdated zoning laws and hotels were slow to catch up with the tourist industry.

It was crazy watching my nearby competitors(the major hotels) adjust prices like the stock market.....

$1800 a night for the last suite at the sheraton up from $250-500 normally. Bonoroo and Country Music festival held the same week is what I called "Second christmas".

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by shiftpgdn on Friday October 27, 2017 @01:15AM (#15565880)

Why did you sell or stop hosting?

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by ryuker16 on Friday October 27, 2017 @12:29PM (#15569890)

I moved.... Plus the hotels caught up as did the housing shortage.

2 massive hotels went up downtown and another third is coming online soon.

Sank my new years and March madness profits.... It was a good run.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by brailsafe on Thursday October 26, 2017 @10:46PM (#15565299)

That's insane.

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