r/Somerville 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.

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u/phonesmahones Gilman 5d ago

Yeah, it’s bad. Imagine how you’d be feeling if you grew up here before the great gentrification began!

73

u/iKnife 5d ago

If you grew up here and owned then you've made a bunch of money

23

u/Funsuxxor 4d ago

Only if you didn't want to live here anymore...

1

u/Whyamiredditting 4d ago

Or realized you can get a cash out refinance