Cost of 1 bd rm 15 yrs ago in Plano

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Love to. But every time apartments get proposed or whatever, all the racists come out with their dog whistles screaming about republican bs. We have work to do to claim the state for common sense and common decency. The only way is a class war, y'all. The race stuff is a distraction to keep our eyes off the American Oligarchy.

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Taco_Blaino@reddit

I'm not super political and this is a serious question. Who are the oligarchs responsible for high property cost in Plano?

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NoSea7440@reddit

That same apartment is $1,498. Shameful

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EmbarrassedReference@reddit

Sometimes for fun I got back and see what the price on my first apartment in Lewisville has risen to. We paid $774/mo for 1200 sq ft in 2014. It’s now $1600

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Peni_Bagels@reddit

square footage?

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458socomcat@reddit

From their website it appears to be 674 sq feet, which runs from $1497-1537 now.

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Upstairs-Tadpole9154@reddit

With inflation, 630 is 900 today. [source](https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=630&year1=200801&year2=202303)

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jilver@reddit

Add in greedflation and there ya go

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Stevoman@reddit

It’s just simple economics. Demand for housing in Plano has dramatically increased since 2008. Meanwhile, the NIMBYs who run this city steadfastly refuse to permit construction of a sufficient quantity of new apartments. Huge demand + artificially low supply = shortages and price increases.

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UKnowWhoToo@reddit

Not sure what part of Plano you live in but there’s seemingly lots of apartments being proposed and built. East Plano has some destined for los rios area. Where the Plano market off ave k was located has an apartment complex not too far from complete.

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yeehawmoderate@reddit

Building *some* new apartments is good, but for the level of demand we have in Plano, we would need 5-10x the construction to keep up with said demand. Having 80% of your city be single family dwellings that are on average like .5 acres, 2500 sqft is TERRIBLE housing policy.

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UKnowWhoToo@reddit

That’s one opinion. Another opinion is that having stacked multi-family in a mainly car-dominated area with packed roads and lights makes for a terrible commute especially if you pack all those roads with high-density. I don’t know anyone who drives through the city of Plano and thinks the roads could sustain housing that’s 3x more dense. DART can’t sufficiently help Dallas so they’re not going to be a viable option for Plano. When the real estate bubble calms down, there will be plenty of housing available.

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yeehawmoderate@reddit

Literally nothing you just said is accurate according to ANY available data on the topic of housing. We aren’t even close to dense, we could easily be 30x more dense than we are now and still have room. Freaking TOKYO is more than 1,000 times as dense as Plano and their housing costs have declined the last several years, and they all magically are able to move around and go to work- it’s called investing in public transit which is part of increasing housing supply. Remove dependency of cars and improve public transit access. I mean at a very base economic level you objectively must increase supply to match demand for price equilibrium. The lengths y’all will go to just to avoid building more apartments and multi family homes is absolutely mind boggling

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UKnowWhoToo@reddit

Not worried about Tokyo as it’s not Plano with regards to terrain, culture, climate, nor needs. I’m not avoiding building. If you want Tokyo lifestyle or NYC lifestyle… go there. Are you going to build the multi family? If not, you’re not helping with the problem. Put your money where your opinion is.

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yeehawmoderate@reddit

It’s not an opinion, it’s objectively true that building more housing lowers costs. Plano is growing, it needs more houses; period. You can’t just magically make people stop moving here, but you can make it so that we’re a competitive city economically, a welcoming city for all who want to live here. Instead of being this boring and annoying “pwease don’t build more apartments near me, the lower and middle class folk might bring their undesirable qualities with them” crap

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UKnowWhoToo@reddit

It’s an opinion that we aren’t those things already. We are clearly done here.

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bobertmcmahon@reddit

Property taxes have gone up a lot since 2008, he signed that lease in the middle of the housing crash also.

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fluffybottom@reddit

Yup. North Richardson $1500+. I live in one of the cheapest places per square foot with ~850 sqft. Around me are 650 sqft for that much.

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yeehawmoderate@reddit

The same people here bitching about rent are NIMBY Leftists or NIMBY far right weirdos. “Just don’t building those undesirable apartments near ME” or “just do rent control LOL, building more apartments gives too much power to landlords” depending on which side of extremism you fall

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Spareo@reddit

2008 was 15 years ago, that hurts

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DFWreInvestor@reddit

This is what happens when the govt prints money

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Dreimoogen@reddit

As opposed to counterfeiters printing money?

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Hsensei@reddit

This is what you say when you get all your information from facebook memes

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DFWreInvestor@reddit

Facebook memes? I have a masters degree in finance and Econ but nice try. You should move to a true socialist country and see how you enjoy living there

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DFWreInvestor@reddit

Facebook memes? I have a masters degree in finance and Econ but nice try. You should move to a true socialist country and see how you enjoy living there

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daniyellidaniyelli@reddit

Oh man in 2008 I lived at Avalon at chase oaks. 2 beds, 2 baths, 1000 square feet and paid $900 total. So I only paid $450 bc I had a roommate.

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JMTyra001@reddit

I know the cost of housing gets a lot of hate in this sub, but let’s put this in context. An increase from $650 to $1,500 is an annualized increase of about 5% per year over a fifteen year period. Considering inflation tends to run between 3% and 4% annually in recent history (prior to 2021), this isn’t the craven money grab it may otherwise appear to be. Meanwhile, I bet you could find houses that have doubled in value over the last five years. Compared to that, this place looks conservative.

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Pepe_Silvia@reddit

>Considering inflation tends to run between 3% and 4% annually in recent history (prior to 2021) Looks to me like 2008 - 2021 was <2% average. [Source](https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi). [Here are the numbers with actual calculated inflation, 5% increase, and 6% increase.](https://i.imgur.com/93rfDBT.jpg) Last two inflation number use average over 2008-2021, so might end up being *slightly* higher.

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Versatile_Investor@reddit

Some of the price increases in Frisco were insane.

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DaddyDollarsUNITE@reddit

Where are you finding 1 bedroom apartments for $1500 in Plano, that's what they cost 6 years ago lol

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rigill@reddit

I pay $1300 in Plano for a 1 bed what are you on about?

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JMTyra001@reddit

OP said so, for this apartment exactly.

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DaddyDollarsUNITE@reddit

Yeah that is fair lol I see that comment now

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heinzenfeinzen@reddit

You are trying to apply math and logic so of course you will be down voted.

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nurdyguy@reddit

That's exactly what I was about to say. This sub is ridiculous sometimes.

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First-Ad317@reddit

My first Apt in Plano was 2014 in the 75074 area. 2b2b was $900 for 800ish sq ft. I remember thinking I was getting ripped off then. Here I am in my 20’s still renting. *cries in millennial*

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CoffeeandtheHighSeas@reddit

I’m more shocked that 2008 was 15 years ago.

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myst711@reddit

Can vouch for this, right around that time I was in a 700 sq/ft 1 bedroom ground floor with attached garage at Spring Creek and Ohio for $650/month on a 12 month lease. There were absolutely no upgrades on the interior and was “basic” as far as that goes, but who cares. It was fantastic apartment in an amazing location. Pretty sure it goes for at least $1300-1400/month now.

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nounthennumbers@reddit

How is the security deposit only $50. I have never paid less than a full months rent.

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suspicioushousemouse@reddit

Omg I had to leave that roach infested hell. I hated those apartments. I moved in when they were at about 1000 a month, but tbh there not livable.

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djcamic@reddit

$85 MOVE IN??? That’s the most surprising part to be

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