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258 points JumpCrisscross | 1 comments | | HN request time: 0.317s | source
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GenerWork ◴[] No.42130920[source]
While I do agree with the spirit of this, doesn't this mean that any fees that brokers require will be included in the rent?
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voberoi ◴[] No.42131237[source]
The fee will end up somewhere.

If it's in the rent, it's better to amortize the cost of the broker fee over a year vs. pay upfront.

Between the fee + first month's rent + security deposit (+ sometimes an additional month's rent) it is common to have to front 10K - 20K just to get into an apartment here.

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jftuga ◴[] No.42131284[source]
What are typical rents for 2 or 3 bedroom apartments that are located in safe neighborhoods?
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gnulinux ◴[] No.42131358[source]
In very expensive cities like NYC, Boston, SF it'll be $4k+ for 1 to 2 bedrooms, $5k+ for 2 to 3 bedrooms.

If you have 2 buddies and going on a $5500 3 bedroom in Boston, you'll likely be requested first rent + last rent + deposit + broker fee (=1 rent) = 4 * rent = $22k just to get the keys. That's $7300 per person. This is only to get the key, the next month you pay rent #2.

If you're going on a $4k 1 bedroom by yourself (or with your partner) you'll be hit with 4 * 4=$16k upfront cost, or $8k if you're lucky and have a partner.

Renting is extraordinarily expensive in big cities in the US right now. I'm sometimes surprised people can survive this market. I make ~$150k a year in a lucrative software engineering role, and rent is still too expensive for me. It's very difficult for e.g. teachers, researchers etc making ~$70k a year etc.

Some cities will be cheaper, some will be more expensive. E.g. I know that Philadelphia is particularly cheap when it comes to cost of living. Chicago is expensive, but seems to be slightly cheaper than NYC/Boston etc...

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1. throwaway2037 ◴[] No.42133800[source]
Why is it so expensive to rent in Boston? I am surprised to see it in your list. The economy isn't nearly as large as NYC or SF(+nearby cities). The only explanation I can think of: NIMBY/BANANA: It is almost impossible to add new units (housing stock).