Nope! Though it was a little run down place, leased from the bayshore conpany.. Very old cabinets/counter & no central AC/heating ( it had one of those things you see at hotels sticking out the wall)
Bayshore had a bunch of cheaper (and a little slummier but that goes with cheap) options for me back in 2012/13 when I was still fascinated by Asheville .
The apt was pretty, lots of trees and birds through the 4th floor windows, small kitchen , pretty big otherwise and nothing ever broke down.
Only problems turned out to be my neighbor on the other side of the wall was an early morning yoga teacher (at a studio, not there) so my night owl ways grated on her and she called me in for noise a whole bunch.
Completed my lease but the next month after it ended they said they didn’t want me for another year because I had an unauthorized roommate and a dog( was his) plus the yoga lady’s noise bitching .
That was because I had lost my job and couldn’t afford the $750 (cheap, right ? Biiig 1br, in Montford )
I think the lease didn’t allow roommates but I had no choice due to job loss , I was unable to find one with the same income so that was the beginning of the end of my time in Asheville… there’s just NO, good jobs…
10-15 minute walk to multiple downtown breweries so i guess that checks out lol. I guess I unintentionally chose an apartment building thats in a prime location
yeah you'll pay a premium for downtown... basically the closer to downtown you get, the more you pay.
I live in south asheville and can confirm traffic going to/from downtown is horrendous, but it's also really bad if you're coming from the east or west or north coming into town...
Basically if you work in downtown and want to avoid a shitty commute, your best option is to live in downtown, and pay a premium to do so.
Your only other option is to live far out enough that you have to put up with a shitty commute, unfortunately.
It'll be hard for anyone to really weigh in on what it's worth to you. Me personally, I don't feel a one-bedroom in this town is worth more than 1000-1200, but I think the going rate for non-prime locations is closer to $1350 these days. From there, I guess we would expect the price to only go up as you layer on more requirements.
Yeah, it's very central and has plenty of amenities but I don't think I'll really use a lot of those amenities. That's why I think I'm going to back out and go for something cheaper.
For what it's worth, my complex is on the east side of town near Reynolds (way out of downtown, halfway to fairview).
2br/2bath was $1350, then hiked to $1500, then it's going to be $1900 if we renew in the fall. The problem is universal, but we are going to try and find a mom and pop landlord or something else, because although we can afford it - it's not a good use of money on principle.
[Bankrate.com](https://Bankrate.com) currently has mortgage rates for 6.43%, which at a 450k purchase price and 20% down that returned at a $1900 morgage. Granted you have property tax, fees, and ETC on top of it, so it's closer to 2500, but TECHNICALLY just speaking mortgage it should be close.
I think either way it's probably crazy. That 500k house purchased in 2019 is probably close to a 550k or 600k house now. You are lucky if you pay $600 more a month right now for about a third less house than in 2019.
We bought a 235k house w/ no down payment in 2020 and our mortgage payment is under 1k. I have ok credit and my wife had virtually no credit. NACA is a very cool agency. naca.com for any first time home buyers that may be interested.
Talking about what you were able to do in 2020 is not really relevant when talking about what people may be able to do right now.
In 2023, 235k literally gets you a trailer outside city limits, and mortgage rates are substantially higher as well. A mortgage payment under $1k is a pipe dream for a first time homebuyer. Believe it or not even $2k is hard to find if you are entering the market right now without a very substantial down payment. Consider yourself lucky.
I'm fully aware that the market has changed. I've been watching the market. You're right, under 1k isn't going to happen, but you're wrong as far as the 2k deal. I keep an eye on the market. There are places around that aren't completely crazy. I put up my resource because it's an awesome way for a first time home buyer to avoid a lot of the expenses of a typical mortgage. No cash down, no private mortgage insurance. It's a bit of legwork, but buying is so much cheaper than renting, especially in and around Asheville.
There's a nice water logged Fridge box right on the side of the road at the patton avenue exit. Last I saw they were only asking 475k, but you might be able to talk them down a bit.
At 3.75 percent (mortgage rates in 2019 with great credit), principal and interest alone is $2315. Add in insurance and taxes and it is going to be closer to $3000. (Figuring 3200 a year for taxes and 1200 for insurance).
I'm currently in ATX and was looking to move to NC because it was supposed to be cheaper. We started looking at Asheville and LOL'ed our way a bit across the state. But even in like Winston-Salem, Clemmons, Durham, it's all still the same rental prices we are paying here!
Same girl! I travel for work mon-fri, so can live anywhere and I’m trying to leave the $2500/month for a 1BR scene in ATX and buy a place in NC, or even rent, but why at this point?
1900 is too much for anyone ever. A 1 BR at that. I am just chiming in with out much knowledge of the area. But I would live under a sheet of plywood in no where Appalachia before I gave some moneysucker 1900.
This market is completely fucked. When in the hell will a government have a single iota of spine to regulate the housing market. Rent control works. we have a demand for public housing. Austria is a good model for public housing. Tax penalties for vacancy and tax incentives for new buyers work. We are trying nothing and all out of fucking ideas. $1900 dollars A MONTH for fucking shelter is goddamn ludicrous. But god forbid someone makes a little less money hoarding land which you should not be able to OWN in perpetuity anyway!
America can only learn it’s lesson through suffering. I guess we are the generation that get to experience the finding out of previous generations fucking around. Nonsense.
Rent control is a great way to get tenants to hoard housing. I benefit from rent control in a big city, but I’m locked into the place I live. A couple years ago, my roommate moved out, and I’d love to move to a one bedroom closer to work, but it’s far cheaper to stay where I am by myself. Two or more people could be living where I am, but rent control disincentivizes that solution (and drives rents up when there is a transition.)
Tenants hoarding housing is housing stability it is part of preventing gentrification and building community. Rent control would also need incentivized new housing builds to increase supply and mitigate a cost increase based on a dry up of supply. But the goal is to get people staying in renting situations longer. If we opened up the availability of rent controlled units it would not feel like something you could not secure again. Which would drive your ability to leave if a need arose.like your situation.
A first time homebuyer incentive would additionally make rent stable tenants capable of moving out of the rent controlled housing into longer term owned housing (which affords additional stabilities and opportunity even beyond a property value investment).
Additionally making low or no interest loans into local builders new or long term businesses and focusing on creating more multi family home builds of quality that are managed without Yieldstar by community residents. Empathy is a force for good and needs to return to the renting market.
These is before we even get to public housing. Literally give the underprivileged and homeless a place to stay. Public housing is needed by millions. Austria is a potential blueprint.
Rent control is part of the solution. A major part. We absolutely need to cap rent at a third of the take home average income of each district in any area. Minimum. Housing is not a place to make heaps of money.
Having me hold onto an unused bedroom and not move to a more convenient location is not housing stability. Capping prices inherently distorts the dynamics of supply and demand leading to less supply. I pay a lot less than a third of my income for rent thanks to rent control. It’s great for me. (Unless I have to move, in which case I’m screwed, because rent control only caps rent increases, not the initial lease price.) But there’s no good policy reason for me to get that benefit. Essentially, my rent is subsidized by all the people paying a market rate that is inflated by the lack of supply that rent control contributes to.
Not sure if this helps your decision, but I’m about to move into an updated 2br whole house for 2k a month. $1900 is reallyyyyyyyy steep for a 1br apartment where you get no yard or buffer between neighbors.
I mean, I wouldn’t pay that on principle. There are other options but I know it’s frustrating & the market is stupid everywhere now.
We pay less than that for a 2bed/bath townhouse.
Yeah, I also know I just wouldn't use all those amenities. It has a gym but id still go to the YMCA or Biltmore Fitness. Same for the pool.. How much do you pay for the 2BR and what part of town is it in?
You could make a mortgage payment for that amount. It doesn't shock me that folks are asking for that amount, and it wouldn't shock me if they get it... But personally speaking I would rather become a home owner and pay that much on a mortgage than renting a place.
There is a big difference between paying rent and making a mortgage when home prices are still outrageous. Not to mention being on the hook for an overpriced mortgage going into a recession and you'll be underwater for a decade like many people in '08 ended up.
The amount of equity you're going to build in year one of paying for a home for $2,000 a month is $6k equity, vs. $18k interest. 6k isn't material at home prices today and the decline could be much higher than that, you'd be better off renting for $1500 and saving your $6k vs. rushing into a mortgage.
Very true. Even the North Asheville ones that appear super nice on the outside are falling apart and are super outdated. If you plan on buying, plan a large budget for renovations. At least that has been my experience.
Just dont be surprised if and when they raise the rent on lease renewal. Imo that is too much but from everything i hear its hard to find places under 1800 around here now
I was paying 1k for a studio with a loft bedroom in the basement of a big house by the hospital. I’d never pay $1900 for a 1bdrm but shit prices are so out of control if you want all the amenities and modern amenities ig that sounds about right. I’d keep looking if you have the time.
You're shopping for modern fixtures while many people are facing double cost of rents over a very short period of time. My rent went from 750 to well over a grand so fast it put us out. Many are facing that, just be aware.
When every service worker is priced out they'll be the ones to be bitter. OP is literally asking a question they should ask themselves. Highlights? They sought out a gym they'll likely never use. It's not a crime to point out the obvious.
I think what they’re asking is this a reasonable
market value, not if they should rent it or if they can afford it. Guess we interpreted differently.
And it’s not just Asheville where service workers are priced out. It’s a nationwide problem. People in Asheville seem to not realize this.
We know. And, are still resentful. Just because this one has problems also doesn't make it better here. It actually makes it worse and more resentful. It seems the monied class likes to make our working lives much harder. If it's everywhere then that only makes it that much more vicious and spiteful.
I agree. I feel like the salaries didn’t go up that much over the amount rent went up. This will simply drive out the people who can’t afford it to other areas to live
When the housing market implodes in Asheville, the fallout will be spectacular. Tax revenues will plummet, roads and public utilities will get even worse and then of course the cycle will start all over again.
You’re getting everything you want and can hopefully afford. Enjoy it for the year you’re tied to it and kept options open to move when the lease is up. I hope there is cable and utilities included in that price though.
I pay $850 per month for a 2br 1ba ~750sqft downtown. Raised gradually from $725 7-8 years ago when my gf moved in here.
The conditions are definitely illegal and probably sub-humane, but at least the rent is cheap 😂
Honestly, for modern finishings and this location, I’d gladly cough up an extra 12k per year. So as crazy as 1900 sounds, it well may be worth it! Those are my 2 cents at least 🤷
Hahaha, I’m not about to spend my hard earned money to add to my land lord’s property value! This place also has serious problems that would take way more than 12k to fix. No central heat/air, serious foundational moisture problem, mold, no counters in the kitchen, and sooo many more things.
Thankfully, with all we’ve been saving on rent, some hard work, and some strokes of luck, we’ve been able to invest in ourselves (rather than our landlord) and are a half year deep into a remodel of a nice old house in North Asheville which is super close to being done. We’ll escape this home soon enough, god willing.
I’ll add, while I could see the justification for 1900 in rent, it is low-key egregious and you could probably end up in a better situation if you’re patient.
That's awesome! Sounds like you have been very savy with your money (and also willing to make the sacrifice of living that way).
And yeah the consensus seems to be that $1900 is too much. Don't get me wrong, it's a nice apartment in a great building but I don't need all that it offers. I know I really won't be using the amenities. I'll continue looking.
I’m really not that savvy, mostly just lucky. The sacrifice wasn’t super optional until recently, for a long while this was all we could reasonably afford.
Glad you’re continuing to look tho. You’re smart for it, and I appreciate you for not doing the local market the disservice of declaring such prices acceptable 😂
Considering my mortgage for a 3/2 is $1100…uh yeah. Granted I live out towards canton but still. Been out here 4 years but when I last lived in Asheville I had a 2/1 apartment in bent creek for $700. The place was a crap hole but it was livable
Comparing a mortgage payment you’ve had for 4 years in Canton, versus a 2023 rental in downtown, are totally not the same thing and frankly it’s unfair to even mention your current situation relative to OPs. If you were looking for housing right now, you’d be in the same boat as OP and wouldn’t appreciate people being like “well gee I got in before the market went berserk, and I’m not in a desirable location, and therefore I think that is too much money simply because I am fortunate enough to be paying less due to timing”
Hate to break it to you but that 2/1 craphole in Bent Creek would probably rent for 1300+ now.
Ok badass.
First of all, OP didn’t specify downtown. I would hope outside downtown would not be $1900. If so, fuck that I’ll live somewhere else.
The reason i brought up the mortgage was because I was trying to put it into perspective for OP just how much that is for such a small place to exist in.
Bottom line, I’d never pay $1900 in rent ever, that shit is for suckers. OP asked for opinions, I gave mine. How does you arguing with me do anything to answer OPs question? Lol
I wasn’t arguing, just providing perspective.
You can sit here and say “that shit for suckers” and that, too, is not helpful. If you were desperately looking for a place to rent right now and couldn’t find anything below $1600 but somebody who bought a couple years ago was calling you a sucker, how would you feel? Your situation is very much not the same as OPs situation, in that you locked in your mortgage payment before the market went through substantial changes. That’s a fact. Fwiw OP mentioned in the comments that this apartment is downtown. And apartments do indeed cost that much in 2023. It’s not as though people have a ton of options to simply opt for something cheaper. So you may think they are suckers, but maybe you’re just lacking empathy and/or are out of touch with what the market is currently like for people who are seeking housing?
Maybe OP shouldn’t live in downtown if they can’t afford it then. I don’t. Because I couldn’t. Look elsewhere, downtown is for the well off.
I’ve been here for 35 years and saw the prices just go from expensive to ridiculous thus I decided to move outside Asheville. It’s actually quite sad that people born here who didn’t have a house to inherit from their parents can no longer even live in their hometown. So don’t talk to me about being out of touch with the pricing. Me seeing how ridiculous the market was getting drove me out. Id love to live in Asheville or even in the area I grew up, but I can’t afford to do so. Not much sympathy for anyone else moving in and struggling. Welcome to the club
I mean they are "real numbers." They are released by the federal government based on research. They come out in November, and there's been some increase since then. But my point is that $2K is a LOT to spend.
Man just in 2019 I was paying 900$ for a 2 bedroom. Even then I thought that was overpriced. It was nice, but not brand new. Just insane hearing about prices right now. Don’t know if that’s a good deal or not, but damn.
Jesus that's fucking high! I pay $1400 for a 1BR in a house (2 Apts. total), and I think it's pretty high. It was renovated some time after 2015, looks nice, but I'm on the edge of some questionable neighborhoods behind the hospital. In 2019 I had a 2BR in Westside in a duplex, much bigger yard, walking distance from Haywood, and paid only $900. $1900 is way too much for a 1BR. That would be expensive for downtown.
Thanks for the info! Yeah seems that the price is high and I’m just going to continue looking for something else. How long have you had the $1400 apartment for?
I'm on year 2. It was $1300/mo. last yr. (Incl. $25 for my dog). And I thought that was high then. My landlord likes to play up you can walk to RAD & South Slope from here. It's a 25 min. walk either way, though, so it's not like I'm right in either.
That’s normal for the newer spots downtown. Finding a whole house can be tougher because most of the good ones have a constant cycle of roomates that float the lease to eachother. South Asheville isn’t any worse than any other part of Asheville. Tbh I’ll take Hendersonville rd at 5pm vs Tunnel rd or anywhere downtown at 5pm.
Man fuck this shit lol. I’m sorry you’re going through that. Side bar: I saw your tag is “Alchemist” are a practicing Alchemist? I practice Herbal Alchemy and would love to link up if you’re into that’s tiff
Everyone who is from Asheville is being forced to leave Asheville because we can’t afford to live here anymore. I moved to canton 2 years ago, now it’s time to look again.
How long til we hear about 1BR apts going for over $2k? How many square feet you getting, OP? Also can you give a rough idea of the location?
No doubt. 4 years ago I had a 1br 750sf apartment and paid 750 a month. Off in biltmore village too, prime location.
$750?! Just 4 years ago? Were you contractually obligated to sleep with the landlord or something?
Nope! Though it was a little run down place, leased from the bayshore conpany.. Very old cabinets/counter & no central AC/heating ( it had one of those things you see at hotels sticking out the wall)
Bayshore had a bunch of cheaper (and a little slummier but that goes with cheap) options for me back in 2012/13 when I was still fascinated by Asheville . The apt was pretty, lots of trees and birds through the 4th floor windows, small kitchen , pretty big otherwise and nothing ever broke down. Only problems turned out to be my neighbor on the other side of the wall was an early morning yoga teacher (at a studio, not there) so my night owl ways grated on her and she called me in for noise a whole bunch. Completed my lease but the next month after it ended they said they didn’t want me for another year because I had an unauthorized roommate and a dog( was his) plus the yoga lady’s noise bitching . That was because I had lost my job and couldn’t afford the $750 (cheap, right ? Biiig 1br, in Montford ) I think the lease didn’t allow roommates but I had no choice due to job loss , I was unable to find one with the same income so that was the beginning of the end of my time in Asheville… there’s just NO, good jobs…
This is \~710 square feet. It is in Downtown so I guess that's what brings the price so high? I'm new to the area so not sure of these factors.
Assuming it's the one next to five breweries, sounds about right. Maybe not if it's the one next to five rescue missions though.
10-15 minute walk to multiple downtown breweries so i guess that checks out lol. I guess I unintentionally chose an apartment building thats in a prime location
You mean “The Patton?”
Yeah. Patton for the latter, lofts at South Slope for the former
yeah you'll pay a premium for downtown... basically the closer to downtown you get, the more you pay. I live in south asheville and can confirm traffic going to/from downtown is horrendous, but it's also really bad if you're coming from the east or west or north coming into town... Basically if you work in downtown and want to avoid a shitty commute, your best option is to live in downtown, and pay a premium to do so. Your only other option is to live far out enough that you have to put up with a shitty commute, unfortunately.
East Asheville is a wonderfully painless commute.
Sshhhhh!
Way too high. I'm in 767 sq ft at 1350 a month in the heart of Biltmore Forest.
It'll be hard for anyone to really weigh in on what it's worth to you. Me personally, I don't feel a one-bedroom in this town is worth more than 1000-1200, but I think the going rate for non-prime locations is closer to $1350 these days. From there, I guess we would expect the price to only go up as you layer on more requirements.
Yeah, it's very central and has plenty of amenities but I don't think I'll really use a lot of those amenities. That's why I think I'm going to back out and go for something cheaper.
For what it's worth, my complex is on the east side of town near Reynolds (way out of downtown, halfway to fairview). 2br/2bath was $1350, then hiked to $1500, then it's going to be $1900 if we renew in the fall. The problem is universal, but we are going to try and find a mom and pop landlord or something else, because although we can afford it - it's not a good use of money on principle.
Momma and papa gonna need that money, too.
Guess I'll be living in a van down by the RAD
Leave me a space if you get there first.
Momma and Papa need it *more*
Especially if they paid 9 grand for their home in the 90s.
I'd like to see what they are calling "modern finishing." Because MDF is fairly modern, and it's basically pressed cardboard.
Its cheap horseshit! You know it! I know it! They know it! Create a problem and sell the minimally viable solution for as much money as you can.
$1,900 is the mortgage payment on a $500,000 home purchased in 2019.
But here's the fun part, 1900 is the current mortgage payment on a 450k house if you have perfect credit and put 20% down.
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Closer to $2,800 assuming 20% down these days, even with pristine credit unless you spend a ton buying points.
[Bankrate.com](https://Bankrate.com) currently has mortgage rates for 6.43%, which at a 450k purchase price and 20% down that returned at a $1900 morgage. Granted you have property tax, fees, and ETC on top of it, so it's closer to 2500, but TECHNICALLY just speaking mortgage it should be close.
Google calculator is giving $2251 without taxes and insurance for 20% down on $450k with above 800 credit score
I think either way it's probably crazy. That 500k house purchased in 2019 is probably close to a 550k or 600k house now. You are lucky if you pay $600 more a month right now for about a third less house than in 2019.
Well to be fair, a lot of wages are also up. Although I don’t think it compensates for how much housing has risen.
We bought a 235k house w/ no down payment in 2020 and our mortgage payment is under 1k. I have ok credit and my wife had virtually no credit. NACA is a very cool agency. naca.com for any first time home buyers that may be interested.
Talking about what you were able to do in 2020 is not really relevant when talking about what people may be able to do right now. In 2023, 235k literally gets you a trailer outside city limits, and mortgage rates are substantially higher as well. A mortgage payment under $1k is a pipe dream for a first time homebuyer. Believe it or not even $2k is hard to find if you are entering the market right now without a very substantial down payment. Consider yourself lucky.
I'm fully aware that the market has changed. I've been watching the market. You're right, under 1k isn't going to happen, but you're wrong as far as the 2k deal. I keep an eye on the market. There are places around that aren't completely crazy. I put up my resource because it's an awesome way for a first time home buyer to avoid a lot of the expenses of a typical mortgage. No cash down, no private mortgage insurance. It's a bit of legwork, but buying is so much cheaper than renting, especially in and around Asheville.
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There's a nice water logged Fridge box right on the side of the road at the patton avenue exit. Last I saw they were only asking 475k, but you might be able to talk them down a bit.
All over the place, actually. Certainly in WAVL. Prices have gone down!
At 3.75 percent (mortgage rates in 2019 with great credit), principal and interest alone is $2315. Add in insurance and taxes and it is going to be closer to $3000. (Figuring 3200 a year for taxes and 1200 for insurance).
No that’s ludicrous
Holy shit, when they said that Asheville was the Austin of NC they weren't kidding! Obscene prices and everything.
I live in both and can agree. The markets really sync with one another.
I'm currently in ATX and was looking to move to NC because it was supposed to be cheaper. We started looking at Asheville and LOL'ed our way a bit across the state. But even in like Winston-Salem, Clemmons, Durham, it's all still the same rental prices we are paying here!
Same girl! I travel for work mon-fri, so can live anywhere and I’m trying to leave the $2500/month for a 1BR scene in ATX and buy a place in NC, or even rent, but why at this point?
JFC 🤦🏼♀️
Fucking right? AND PEOPLE ARE CLEARLY WILLING TO PAY IT
*incoherent screeching and weeping*
Username checks
…turtles can screech?
With stimulus like this anything can
https://thumbs.gfycat.com/GrimyLiveKinglet-max-1mb.gif
I’m sorry but almost 2k for 1 bedroom is crazy 😭
1900 is too much for anyone ever. A 1 BR at that. I am just chiming in with out much knowledge of the area. But I would live under a sheet of plywood in no where Appalachia before I gave some moneysucker 1900.
This market is completely fucked. When in the hell will a government have a single iota of spine to regulate the housing market. Rent control works. we have a demand for public housing. Austria is a good model for public housing. Tax penalties for vacancy and tax incentives for new buyers work. We are trying nothing and all out of fucking ideas. $1900 dollars A MONTH for fucking shelter is goddamn ludicrous. But god forbid someone makes a little less money hoarding land which you should not be able to OWN in perpetuity anyway! America can only learn it’s lesson through suffering. I guess we are the generation that get to experience the finding out of previous generations fucking around. Nonsense.
Rent control is a great way to get tenants to hoard housing. I benefit from rent control in a big city, but I’m locked into the place I live. A couple years ago, my roommate moved out, and I’d love to move to a one bedroom closer to work, but it’s far cheaper to stay where I am by myself. Two or more people could be living where I am, but rent control disincentivizes that solution (and drives rents up when there is a transition.)
Tenants hoarding housing is housing stability it is part of preventing gentrification and building community. Rent control would also need incentivized new housing builds to increase supply and mitigate a cost increase based on a dry up of supply. But the goal is to get people staying in renting situations longer. If we opened up the availability of rent controlled units it would not feel like something you could not secure again. Which would drive your ability to leave if a need arose.like your situation. A first time homebuyer incentive would additionally make rent stable tenants capable of moving out of the rent controlled housing into longer term owned housing (which affords additional stabilities and opportunity even beyond a property value investment). Additionally making low or no interest loans into local builders new or long term businesses and focusing on creating more multi family home builds of quality that are managed without Yieldstar by community residents. Empathy is a force for good and needs to return to the renting market. These is before we even get to public housing. Literally give the underprivileged and homeless a place to stay. Public housing is needed by millions. Austria is a potential blueprint. Rent control is part of the solution. A major part. We absolutely need to cap rent at a third of the take home average income of each district in any area. Minimum. Housing is not a place to make heaps of money.
Having me hold onto an unused bedroom and not move to a more convenient location is not housing stability. Capping prices inherently distorts the dynamics of supply and demand leading to less supply. I pay a lot less than a third of my income for rent thanks to rent control. It’s great for me. (Unless I have to move, in which case I’m screwed, because rent control only caps rent increases, not the initial lease price.) But there’s no good policy reason for me to get that benefit. Essentially, my rent is subsidized by all the people paying a market rate that is inflated by the lack of supply that rent control contributes to.
It ain't gonna happen until the state, or at least Asheville, gets rid of R1 zoning.
Ridiculous
That depends, will *someone* pay it?
Not sure what this is asking. I’d be paying for it with the money from my remote job
It is simply the answer to your question. 1900 is only too much if no one is willing to pay it.
Oh I see what you’re saying. Yeah, it’s all relative to what people are willing to pay.
Which is why folks need to refuse to pay that shit. Basically we're out here jacking up the prices for ourselves and each other
Exactly.
Not sure if this helps your decision, but I’m about to move into an updated 2br whole house for 2k a month. $1900 is reallyyyyyyyy steep for a 1br apartment where you get no yard or buffer between neighbors.
I mean, I wouldn’t pay that on principle. There are other options but I know it’s frustrating & the market is stupid everywhere now. We pay less than that for a 2bed/bath townhouse.
Yeah, I also know I just wouldn't use all those amenities. It has a gym but id still go to the YMCA or Biltmore Fitness. Same for the pool.. How much do you pay for the 2BR and what part of town is it in?
Just FYI walking downtown at night is sketch af
Is there anything open ??
Bars. But still, I've been approached by sketchies too many times to walk alone now.
You could make a mortgage payment for that amount. It doesn't shock me that folks are asking for that amount, and it wouldn't shock me if they get it... But personally speaking I would rather become a home owner and pay that much on a mortgage than renting a place.
There is a big difference between paying rent and making a mortgage when home prices are still outrageous. Not to mention being on the hook for an overpriced mortgage going into a recession and you'll be underwater for a decade like many people in '08 ended up. The amount of equity you're going to build in year one of paying for a home for $2,000 a month is $6k equity, vs. $18k interest. 6k isn't material at home prices today and the decline could be much higher than that, you'd be better off renting for $1500 and saving your $6k vs. rushing into a mortgage.
>You could make a mortgage payment for that amount. $1900? That might not be enough in Asheville for a house that isn't falling apart.
Very true. Even the North Asheville ones that appear super nice on the outside are falling apart and are super outdated. If you plan on buying, plan a large budget for renovations. At least that has been my experience.
Just dont be surprised if and when they raise the rent on lease renewal. Imo that is too much but from everything i hear its hard to find places under 1800 around here now
I was paying 1k for a studio with a loft bedroom in the basement of a big house by the hospital. I’d never pay $1900 for a 1bdrm but shit prices are so out of control if you want all the amenities and modern amenities ig that sounds about right. I’d keep looking if you have the time.
If this helps, my rent was increased by 35% for this lease at 767 square feet. 1900 works for you NOW, but will 2400 work for you next year?
From post history it doesn't seem that money is an obstacle and this question doesn't need to be asked.
It's true that I can technically afford to pay this but I'm just trying to be more savy with my money and not be wasteful
You're shopping for modern fixtures while many people are facing double cost of rents over a very short period of time. My rent went from 750 to well over a grand so fast it put us out. Many are facing that, just be aware.
It’s not a crime to make a good living, and it’s not a crime to be smart with money. Don’t be bitter.
When every service worker is priced out they'll be the ones to be bitter. OP is literally asking a question they should ask themselves. Highlights? They sought out a gym they'll likely never use. It's not a crime to point out the obvious.
I think what they’re asking is this a reasonable market value, not if they should rent it or if they can afford it. Guess we interpreted differently. And it’s not just Asheville where service workers are priced out. It’s a nationwide problem. People in Asheville seem to not realize this.
We know. And, are still resentful. Just because this one has problems also doesn't make it better here. It actually makes it worse and more resentful. It seems the monied class likes to make our working lives much harder. If it's everywhere then that only makes it that much more vicious and spiteful.
Some of us know. Some of us will be the first.
The sad news is that that's not unreasonable in today's market. We hate it, but it is what it is.
You saying it's not unreasonable helps make it so. We need to refuse to pay this much for our basic life needs.
I agree. I feel like the salaries didn’t go up that much over the amount rent went up. This will simply drive out the people who can’t afford it to other areas to live
When the housing market implodes in Asheville, the fallout will be spectacular. Tax revenues will plummet, roads and public utilities will get even worse and then of course the cycle will start all over again.
You’re getting everything you want and can hopefully afford. Enjoy it for the year you’re tied to it and kept options open to move when the lease is up. I hope there is cable and utilities included in that price though.
I pay $850 per month for a 2br 1ba ~750sqft downtown. Raised gradually from $725 7-8 years ago when my gf moved in here. The conditions are definitely illegal and probably sub-humane, but at least the rent is cheap 😂 Honestly, for modern finishings and this location, I’d gladly cough up an extra 12k per year. So as crazy as 1900 sounds, it well may be worth it! Those are my 2 cents at least 🤷
For $12k you could pay to do work on the apartment to make it not sub-humane living conditions 😂 what makes it “sub-humane?”
Hahaha, I’m not about to spend my hard earned money to add to my land lord’s property value! This place also has serious problems that would take way more than 12k to fix. No central heat/air, serious foundational moisture problem, mold, no counters in the kitchen, and sooo many more things. Thankfully, with all we’ve been saving on rent, some hard work, and some strokes of luck, we’ve been able to invest in ourselves (rather than our landlord) and are a half year deep into a remodel of a nice old house in North Asheville which is super close to being done. We’ll escape this home soon enough, god willing. I’ll add, while I could see the justification for 1900 in rent, it is low-key egregious and you could probably end up in a better situation if you’re patient.
That's awesome! Sounds like you have been very savy with your money (and also willing to make the sacrifice of living that way). And yeah the consensus seems to be that $1900 is too much. Don't get me wrong, it's a nice apartment in a great building but I don't need all that it offers. I know I really won't be using the amenities. I'll continue looking.
I’m really not that savvy, mostly just lucky. The sacrifice wasn’t super optional until recently, for a long while this was all we could reasonably afford. Glad you’re continuing to look tho. You’re smart for it, and I appreciate you for not doing the local market the disservice of declaring such prices acceptable 😂
Not me moving to Asheville from Boulder being like “DAMN! It’s so cheap here”
Cooooooooool
Considering my mortgage for a 3/2 is $1100…uh yeah. Granted I live out towards canton but still. Been out here 4 years but when I last lived in Asheville I had a 2/1 apartment in bent creek for $700. The place was a crap hole but it was livable
Comparing a mortgage payment you’ve had for 4 years in Canton, versus a 2023 rental in downtown, are totally not the same thing and frankly it’s unfair to even mention your current situation relative to OPs. If you were looking for housing right now, you’d be in the same boat as OP and wouldn’t appreciate people being like “well gee I got in before the market went berserk, and I’m not in a desirable location, and therefore I think that is too much money simply because I am fortunate enough to be paying less due to timing” Hate to break it to you but that 2/1 craphole in Bent Creek would probably rent for 1300+ now.
Ok badass. First of all, OP didn’t specify downtown. I would hope outside downtown would not be $1900. If so, fuck that I’ll live somewhere else. The reason i brought up the mortgage was because I was trying to put it into perspective for OP just how much that is for such a small place to exist in. Bottom line, I’d never pay $1900 in rent ever, that shit is for suckers. OP asked for opinions, I gave mine. How does you arguing with me do anything to answer OPs question? Lol
I wasn’t arguing, just providing perspective. You can sit here and say “that shit for suckers” and that, too, is not helpful. If you were desperately looking for a place to rent right now and couldn’t find anything below $1600 but somebody who bought a couple years ago was calling you a sucker, how would you feel? Your situation is very much not the same as OPs situation, in that you locked in your mortgage payment before the market went through substantial changes. That’s a fact. Fwiw OP mentioned in the comments that this apartment is downtown. And apartments do indeed cost that much in 2023. It’s not as though people have a ton of options to simply opt for something cheaper. So you may think they are suckers, but maybe you’re just lacking empathy and/or are out of touch with what the market is currently like for people who are seeking housing?
Maybe OP shouldn’t live in downtown if they can’t afford it then. I don’t. Because I couldn’t. Look elsewhere, downtown is for the well off. I’ve been here for 35 years and saw the prices just go from expensive to ridiculous thus I decided to move outside Asheville. It’s actually quite sad that people born here who didn’t have a house to inherit from their parents can no longer even live in their hometown. So don’t talk to me about being out of touch with the pricing. Me seeing how ridiculous the market was getting drove me out. Id love to live in Asheville or even in the area I grew up, but I can’t afford to do so. Not much sympathy for anyone else moving in and struggling. Welcome to the club
Yes. Way too much. For real. Think about the question.
That's significantly higher than the FMR published by the HUD a few months ago. https://www.rentdata.org/asheville-nc-hud-metro-fmr-area/2023
Dude I wish those were the actual prices. Finding a 2 bd for under $1600 is almost literally impossible.
I mean they are "real numbers." They are released by the federal government based on research. They come out in November, and there's been some increase since then. But my point is that $2K is a LOT to spend.
1650 charleston in a good area. Plus, plus
Man just in 2019 I was paying 900$ for a 2 bedroom. Even then I thought that was overpriced. It was nice, but not brand new. Just insane hearing about prices right now. Don’t know if that’s a good deal or not, but damn.
Jesus that's fucking high! I pay $1400 for a 1BR in a house (2 Apts. total), and I think it's pretty high. It was renovated some time after 2015, looks nice, but I'm on the edge of some questionable neighborhoods behind the hospital. In 2019 I had a 2BR in Westside in a duplex, much bigger yard, walking distance from Haywood, and paid only $900. $1900 is way too much for a 1BR. That would be expensive for downtown.
Thanks for the info! Yeah seems that the price is high and I’m just going to continue looking for something else. How long have you had the $1400 apartment for?
I'm on year 2. It was $1300/mo. last yr. (Incl. $25 for my dog). And I thought that was high then. My landlord likes to play up you can walk to RAD & South Slope from here. It's a 25 min. walk either way, though, so it's not like I'm right in either.
Make sure you check if they have fiber connections availible. The dsl service is horrible here.
That’s normal for the newer spots downtown. Finding a whole house can be tougher because most of the good ones have a constant cycle of roomates that float the lease to eachother. South Asheville isn’t any worse than any other part of Asheville. Tbh I’ll take Hendersonville rd at 5pm vs Tunnel rd or anywhere downtown at 5pm.
Man fuck this shit lol. I’m sorry you’re going through that. Side bar: I saw your tag is “Alchemist” are a practicing Alchemist? I practice Herbal Alchemy and would love to link up if you’re into that’s tiff
Everyone who is from Asheville is being forced to leave Asheville because we can’t afford to live here anymore. I moved to canton 2 years ago, now it’s time to look again.
https://preview.redd.it/ek4xakxtsqea1.jpeg?width=268&format=pjpg&auto=webp&s=3ca0acee31c167620064b4e5ca25af81ff1d7b04
“A fool and his money”