OK I am going to let you in on something I don’t normally share with anyone…how much I pay for rent. The reason I don’t share it is because no one can believe that rent can really cost that much (outside of CA or NYC, at least). And believe me, I don’t like paying it either, but we do…and we made the sacrifices to be able to do so. Here goes:
$1949 per month
I don’t know if it seems like a lot to you, but it might depending on where you live. Sure, this is a mortgage payment in most other places in this country. A big mortgage payment at that. But here in Southern California, you cannot get a mortgage payment that low on anything other than a cardboard box in the ghetto on a 50 year interest only mortgage, never mind on a 2 bedroom 1,000 sq foot+ place 1 block from the ocean. If we were to move out of here and move right back in (without rent control in place anymore) we would be paying $2400 per month. I guess the moral of my story is thank you to the City for setting rent control rate hikes at 2.3%!
But then again, it’s also an inspiration to get out of here soon and move somewhere more affordable and reasonable…like Taos, NM, which we are hoping to move to the beginning of 2008.