ThatGuy | Indy Week

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Re: “In North Carolina, nearly 51 percent of renters are cost-burdened

I used to be an employee for a couple of national corporate housing companies from 2008-2014. The steady increase I saw in that role of "middle man" was felt from a professional stand point and it continues on a personal level as I've had to deal with a switch in my own personal relocation to Raleigh and career switch. The price of many places is simply outrageous for what you are getting. Sure, some of these places have nice aesthetic amenities but who has time to use them if they're working a standard 40 hour work week? I've found there are very few value / middle of the road deals in this area - it's either top of the line and outrageously priced or shoddy worn down risky low budget holes. It's not even so much that the actual living spaces are that grandiose, it's all the other stuff that seems to be cost adding.

I'd also love to be in a position to buy but that requires a lot more than I have and I imagine many people are in a similar situation around my age range. It's not as easy as going to a bank, getting the loan, and poof - your own place like it was in the years many people seem to fondly recall.

It's an issue that definitely needs to be addressed as the next generations deal with increasing education costs (dare I say millennials were at that pivotal time of increasing cost / previous generation's loan candy that they later said was bad for you). Now you throw in increased rental rates, extremely difficult job/pay advancement, and a host of other costs and the people you see on the streets are more likely to be either worn down depleted drones and/or underprivileged vagabonds instead of vibrant contributing personalities that want to make a better community.

Instead of trying to make the city more livable to where the middle can contribute to more growth, the leading voices instead spend more time arguing about why a patio should be taken away from local businesses.

4 likes, 0 dislikes
Posted by ThatGuy on 10/29/2015 at 11:33 AM

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