He Says That When He Went To Renew His Lease, The Rent On His Apartment Went Up $420 More Per Month
As if adulting couldn’t get any more difficult these days, the increase in rent costs all over the country has been hitting people especially hard.
One TikTok creator recently made a video about his experience with the raise in rent prices, documenting how the rent on his apartment went up to an additional $420 per month.
According to statistics from Realtor.com, the national median rent price raised to $1,827. That’s a whopping 17% increase from last year.
TikTok user @goldenflacko4 explains in his video that he has lived in Dallas, Texas, for over 3 years and has lived in the same one-bedroom apartment. His monthly rent for the apartment was $1,295.
He had to renew his lease, and with that process came a letter informing him that his rent would go up to $1,715.
“This is ridiculous,” @goldenflacko4 says in his video.
Many TikTok users could relate to the video, especially because many of them are going through the same thing. Some users commented that their rent prices went up over $300.
One TikTok user commented saying that they are ‘baffled’ by the notion that people will pay that much monthly to live in an apartment and suggested renting a house.
TikTok; pictured above is @goldenflacko4 in his video
“If I wanted to rent a house, I would rent a house,” replies @goldenflacko4 in a response video. “I’m essentially staying in a one-bedroom apartment because I’m trying to save money to buy a house.”
He then shows an example of a three-bedroom house listed for rent in southern Dallas. It costs over $3,300 a month and has the same amenities that his current apartment already has. Therefore, renting a house instead of an apartment would not help him reach his goal of one day owning a home.
Another commenter told @goldenflacko4 he should be “grateful” because if he lived in California, things would be much worse. This led him to create another response video, explaining that the minimum wage in California is significantly higher than it is in Texas, which would help explain the difference in rent.
@goldenflacko4 ends his video saying, “Make it make sense, y’all.”
To view the original TikTok video, visit the link here.
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