Just coming back into the rental market after owning a home for a short time. I found a place that would be great. Then, I got the lease.

This thing is a nightmare. Here are a few of the greatest hits:

• The lease lists my rent and then says they can charge "additional rent" which is "all added charges, costs, and fees for the duration of this lease." So, sounds like they can just make up a number and add it to the rent and I have to pay it?
• The landlord will make a "good faith effort" to make the apartment available to me when my lease starts. Shouldn't the landlord actually do that, not just make any sort of "effort" to do it, "good faith" or otherwise?
• If the unit is damaged such that I cannot live there while repairs are being made, the landlord "may" issue me a credit for the days I can't live there. What criteria will the landlord use? If they decide not to, that means I'll be paying rent for an apartment I cannot occupy?

This is a short lease — I've seen much longer in my time renting — but even so, I could come up with a dozen more examples like this. What is going on here? I've read the law in the area, and I suspect some of the clauses in here are actually unenforceable. For example, the lease allows for automatic rent increases at lease renewal without notification while the law requires 60 days notification, and it requires me to notify 14 days after notification of a rent increase if I do not accept where the law says I have 30 days to do so.

But how did we get here? I just want to pay a specified amount every month in order to be able to live in a space someone else owns. This should be relatively simple, but it's turned into this weird whack-a-mole game where every lease is a document of all that landlord's past tenant grievances they are trying to now avoid in the future, along with any other unreasonable terms they think they can get away with. Regardless of what the law is, the lease can say anything. If I read it and decline to sign, the next person will probably just sign it and hope for the best.

For those of you who are renting, how do you deal with this sort of stuff? Are there reasonable landlords still out there? Is the right way to buy a home just to escape from unreasonable lease terms, even if you don't really want to own?

Update: Possibly important context- This property is in Philadelphia, Pennsylvania.

We are renting a condo in an area that's experiencing tremendous rent and home price increases, so much so that if we refuse to renew our increased lease, we'd be looking at spending 2-3x on rent for a similar property. This is, somewhat conveniently, almost exactly what the total cost of monthly expenses would be if we purchased the unit at its estimated cost when comparing to similar units in the complex that recently sold. We also really like the location and would rather eat an increase in rent here than relocate in our city, which complicates things a little further.

My wife and I have floated the idea of approaching our property manager and asking if the owner has any willingness to sell, but we are also trying to imagine possible consequences of starting that conversation -- in particular, should they opt to sell but not to us. There are also some things that we'd like to update in our unit that would fall under the landlord's obligation while we are renting (plumbing issues, windows and blinds need repairs, etc.), so we're trying to gauge if we should even have this conversation before we request repairs.

We've thought about a few different options, and I'd be interested to hear from others who have tried anything similar.

1. Just ask to buy it and see what happens.

   • Pro: skirt all the bullshit and just get to the meat of the issue, which is that we want to buy the property.
   • Con: They check the price, decide to sell to someone else and we're back in "rent the same for more but in a worse location" territory. If they decide to sell to us, they might resist performing repairs because they'll just offload it to us eventually.

2. Wait for repairs to be done, then ask.

   • Pro: get our unit fixed, improve QOL immediately.
   • Con: They might be less likely to sell to us if they think we were trying to get stuff fixed so we didn't have to fix it after buying.

3. Offer some kind of plan to cost-share improvements or fixes in exchange for rent adjustments within the initial approach about buying.

   • Pro: Get improvements/fixes to the house quickly, reduce rent expenses regardless of if we are able to buy or not.
   • Con: They essentially get to subsidize improvements to their unit for long-term gain while we only get short-term benefits.

I'm deciding between home/condo ownership. A good condo/house cost roughly the same in my area. But I'm single and don't need a lot of space, so a condo makes sense. However, noise from neighbors is puts me off (a lot). Constantly hearing noise (parties, stomping, pets, etc.) would have a serious negative impact on what's supposed to be a home where you can relax and not deal with the world.

What are/were your experiences? Did the HOA do their diligence when things break or need maintenance? Are their costs reasonable considering how much is needed (time+money) to maintain a house? Was the heated parking garage worth the costs?

My lease is ending within the next two-three months and I have been trying to plan my next steps. My goal has been to buy a house (and hopefully coincide with my lease ending) but the more I have been looking at inventory, the more I have been hesitating about that commitment. I currently am a full time remote worker who can live in any US state at any given point.

I found that I can find a short term rental (60-90 days) in downtown Honolulu and am finding myself increasingly interested in the prospect. I have never visited Hawaii, and while I was recently married, we never actually went on a honeymoon because we are saving for a house. The rental I would choose would be ~$2300 a month, fully furnished and utilities included. I of course would have additional cost to consider, such as needing to put all my furniture in storage and paying rent on the locker. In addition, I would not have my car so I would need to find a decent place that is walking distance to life necessities.

This option would not make me broke, but it would cost me additional money. If I bought a house now, I would probably have to hold off on any big vacations for awhile, and Hawaii was on our list to go to in the next 5 years.

So just curious, what are your thoughts? Would this be a good way to spend my winter or would the burden of not having a car be difficult in Hawaii? Any other things I need to think about?

As the title says I'm a first time buyer buying a new build in the UK. It's built by the council and a reputable builders and has the standard warenty and such so I'm not too worried about quality but it's still a huge life change. I'm getting the keys and moving in in a fortnight. I don't have too much stuff to move in as I've been lodging for a while, lots of furniture to aquire! For those who've done this before, what did you wish you knew at the time and what should I look out for?

My spouse and I were recently pre approved for a home loan; this evening, we will be going to look at a house for the first time. This will be our first house, and unless truly extenuating circumstances arise, we will not be looking to move or sell anytime soon.

There are plenty of existing threads and articles covering things to look for in terms of the state of the house itself, such as foundation cracks, new paint covering mold, water damage, etc; what I am looking for is more a question of things to consider potentially liking or disliking about a home, regardless of its state of repair, that we might not think of until it's too late.

For example, some things I've come across that are important and can't be changed about a house, but I wouldn't have thought to consider if I hadn't seen someone else mention them, include:

• whether we get good cell service when not using wi-fi
• whether the hallway is wide enough to move large furniture through
• what direction the house faces, and subsequently when/where light comes in

What other things might be easy to overlook about a property, but should be taken into account?

Living in northern Virginia, it seems like half of newly-constructed homes are earmarked for "active adult" 55 and up communities.

Is there a financial incentive above and beyond normal residential construction that these are popping up more?

It seems like a newer trend that's picked up in the last 5 or 10 years.

Edit 1: Thank you all for the input and sharing your perspective. It's just been a question hanging in the back of my mind as I've been driving around in recent months.

In the next few months, I'm going to be on the rental market again for the first time in a couple of years. The last time I rented, I lucked into a very nice condo that was being rented out by the owner, and it was fantastic. We developed a great rapport. I looked after the place and paid the rent on time. She was kind and responsive whenever I had a problem. It felt like we were both getting exactly what we needed out of the arrangement.

She wanted to raise the rent when my lease renewed, but it was a very reasonable ask to cover an increase in her HOA fees. It was significantly less any increase than I had been subjected to on any prior lease renewal, which I appreciated.

After experiencing this, I decided I was done with corporate landlords who use algorithms (i.e., price fixing) to make sure they're extracting as much cash as possible and churning through tenants as they progressively price out more and more people without any regard for them and with no connection to the communities they're hollowing out on the way to more profit.

I ended up leaving that condo for a reason unrelated to the rent increase, and I'm trying to find a similar setup again… but I'm not sure where to look honestly. Pretty sure I found that place on Craigslist which seems to have since devolved into a playground for scammy "landlords" whose dear old mothers have all come up sick in some far away corner of the country so they can't show me the furnished apartment they're renting for 20% below market rate, but if I'll kindly send the deposit, they'll gladly mail me the keys.

Does anyone have any hot tips for how to find rentals like this in major metropolitan areas in the US?

Do you guys think they're using rate increases to kill off all the overleveraged homeowners in an effort to create a sell-off and thereby lower housing costs?

Could someone smarter than I please explain what is going on... or is our inflation that bad? Seems like some of the inflation might be what I've read as greedflation. I didn't realize we jumped almost 3.75% in less than a year last year...

I'm a young single adult with a fairly well paying remote job. I've been in my career for almost 4 years now and have saved up a decent chunk of money through investing and saving.

My game plan was to use the "market crash" that everyone was predicting in 2023 to try and make a stab at purchasing a home. When the interest rates spiked I thought it was a great sign for me because I thought for sure that housing prices would fall accordingly, jokes on me though because several months later homes in my area have barely gone down in price at all and even closer to town in nicer areas prices continue to climb.

Not only that but the only real thing the rate hikes have done for me personally is make what was looking like a modest mortgage payment suddenly become far less affordable, even with my very low personal spending.

Is anyone else in a similar situation? Are we doomed to rent forever? Should I move out to the boonies where it seems like that's the only place left with non-insane housing prices?

I look at Zillow and houses in my area that sold for 200k~ less than 5 years ago are now on the market for 400k-500k. It feels like anyone who didn't get in back then is just completely screwed

/rant

I have the opportunity to purchase a house in a beach town that would double as both a vacation home for myself and a short term rental property. This would be my first foray into the world of short term rentals so I was hoping to get your general advice, guidance, and experience.

I should mention that I think I've got a pretty good grasp on the financial aspects of it, i.e. the mortgage, rental rates, fees to the town and rental platforms, taxes, insurance, etc.

I'm more curious about things such as:

• Do you recommend using an umbrella management company to handle cleaning, maintenance, landscaping, etc. or do you outsource an individual cleaning service, handyman, etc.?
• What type of "filtering" do you recommend to make sure you're renting to people who will respect the property?
• What sort of furniture, linens, etc. do you recommend?
• Are there any gotchas that you didn't expect when getting into this line of work?

I’m attending college this fall and moving cross country for this move. I wanted to ask everyone who’s currently in college or graduated not too long ago on whether if it’s worth it to stay on-campus in the dorms.

I heard you get assigned a roommate and some dorms, depending on which one you get, can have 1-3 additional roommates.

I’ve always had my own room and the closest thing I’ve had to a roommate was my little sister…but she had her own room as well.

I know staying on campus it’s easier to get to class and I get to live the traditional college experience. I don’t mind having a roommate but I heard if you have a shitty one, it’s not gonna be fun.

The perks of having your own apartment you get the ability of having your own space and doing whatever you want with no dorm monitors right? Only downside is paying rent?

If you have any insight or experience to share I'd love to hear them! 🙏

After my lease is up in my current apartment, I am hoping to purchase a home somewhere in the US and am just now in the beginning stages. I'm not too far into my search but am generally looking for 2-3 bedroom with 1.5 bath, a basement, and a decent backyard. My budget is <$250k and I am looking at east Tennessee, North Carolina, Virginia, and maybe Michigan. Fortunately, I work from home and am not terribly dependent on being near a job, but unfortunately it seems like all houses have exploded in price the past 3 years in pretty much every area. It is crazy to look at a house that sold in 2019 for $100k being listed now at the top of my budget at $250k! It kind of makes me want to put in an offer at 65% of the listing price for some of these egregious increases. Especially as the higher interest rates making the house way more expensive than what they originally purchased at when the rates were at all time lows. It seems like the market for a $150k starter home is non-existent for most parts of the country these days.

• Anyways, I was curious who here is a homeowner?

• What is your experience like going from renting to buying, or if you were a homeowner and went back to renting?

• What are some things you wish that you had known to do prior and what advice would you give yourself back then?

• How long did you search and how long are you planning to stay in your home?

• What do you think of the current market dynamics? Is there any hope for prices to come back down to Earth?

• Any other thoughts you want to share?