Gotta say, though I stan mansions that I’ll never have, modern well-appointed high-rise apartments with floor-level access control fobs, Nest, package lockers, good gym/amenities, 24/7 security, concierge... they’re pretty sweet compared to some dank old apartments I’ve lived in
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But damn... I’m now paying ~10x for a 1BR in downtown LA compared to what I was paying for 1/3 of a 2BR in Ann Arbor in 1997. Also making 10x more than grad stipend, but in some ways, it’s been like running in place
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That first year in the US, I was so scared of spending $, I managed to live unbelievably cheaply. Shared larger of the 2 bedrooms with another student, ate out like twice in entire first semester, and managed to save almost half my entire first year stipend.
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Bought used car and a dirt-cheap 3 week backpacking trip the following summer (1998) with savings before loosening the scrooges and living in less of an acting-dead way. But still managed to live super dirt cheap life till like 2005. Then... marriage + living in big cities = $$$
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Feels like another era entirely. Grad students don’t seem to live like this anymore.
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End of conversation
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Living in one of those in Portland, even with all ::waives hands:: this going on, being downtown is unbearable. The atmosphere of the place has been just so heavy. We get in the car and drive to the suburbs a couple of times a week just for some normalcy.
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I suspect demographic shifts and increased supply will make these reasonably affordable to own in the next 5 years.
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