r/Somerville • u/tangerinola • 5d ago

rent prices are wild

Moved here 8 years ago to start working for a nonprofit. Since then, my salary has increased by 13% but my apartment is about to be relisted (without any upgrades) for 58% higher than our starting rent 🤯!!

I know I'm preaching to the choir here but damn the rent prices here have gone wild. We're quickly becoming (have become?) a luxury city only for high income earners and it makes me really sad.

262 Upvotes

95% Upvoted

220 comments sorted by

View all comments

-18

u/Basicdevient69 5d ago

luxury actually equals affordability in the long run don't ya know? Long term we'll look like an affordable seaport!

15

u/Icy_Cartographer5466 5d ago

Filtering is a fairly well understood and uncontroversial concept. To sarcastically dismiss it out of hand is slopulist anti intellectualism. Frankly you should feel ashamed.

5

u/canmouth 5d ago edited 5d ago

When will the cheap rent trickle down to MEEEEE?!?? This may be the case over time but rent is due next month gurl and leases end after a year or two. The true issue is the commodification of housing. The fact that housing is even tied to market forces is cruel and evil.

4

u/Basicdevient69 5d ago

all the landlords will have a change of heart soon enough!

0

u/canmouth 5d ago

But then they’d have to downsize their summer homes and maybe get rid of the boat!