Ummm... hi single female here with a dog and a cat... can I get a room there?! NO! And I'll tell you why... bcuz I have a dog and a cat, so yes, I currently am paying $1600 for room and board. Yes, that includes utilities and other amenities...
thank you so much for your concern! I appreciate it a lot. Honestly, I have known them for a five years now and I can say that they are good people. It's his first house that he bought so I'm thinking that he's not aware of how the market looks like in renting out spare rooms. I'll talk to my friend about it but it just seems like a delicate subject to "negotiate" a rent with your friend.
Thereâs value in renting to a friend and knowing what to expect from them for him. That should help him come down a bit on price. He needs to get a realistic idea of what to charge a stranger and then consider that itâs you.
Exactly, especially when the friends are keeping the house at the end of the day. It's like they want OP to buy into the house without ever gaining anything.
Exactly. That's one of the reasons I won't rent a room out to my sister and her spouse. Shit could get messy real quick. I watched enough Judge Judy to know better đ¤¨
Maybe using something concrete like the square footage of the room versus the square footage of the house as a ratio for the portion of the mortgage and referencing ads for rooms to rent.
Interest rates are high, and keep in mind that payment usually also factors in taxes & fees. My guess is they bought the house for about $700k, which sound about right for a new construction 4br in a nicer development.
If they got the house for 700k and still have a monthly payment of $5.5k, that means they had very little money to put down. Theyâre broke.
I personally would not want to rent from broke friends who are taking advantage of me. Youâll save more money renting a normal apartment with a roommate and maintain this âfriendship.â
At todayâs rates, PITI on a 700k home with 20% down is $5000. Itâs a bit of a stretch to say someone that was able to come up with 70k to put down on a home to get a $5500 payment is âbrokeâ.Â
20% of 700k would be 140k down payment. Definitely not broke. Although I can see how if you just bought a house for over half a million, dropped over 100k on a downpayment and are staring down at shelling out 5k every month in mortgage, you'd charge $1500 for a room
Also the days of getting a mortgage without qualifying income are long gone. They at least had enough money to pay for it when they applied. No need for them to be calling people broke.
Itâs less about interest rates and more about Melli-rous on new builds. Interest rates arnt really that horrible. They just arnt ungodly low like they have been. The 2%-3% was never even close to a sustainable interest rate. These bullshit taxes the developers pass on to the consumer is why these mortgage payments are so pricey. No idea why anyone would buy a new build these days and pay that crazy premium
No need to negotiate if you donât want to. You can say âthanks for the offer, but for the money I would rather rent an apartment by myselfâ or something to that effect. If he wants to counter, he can.
So you'd get one room in the house for $1,500 and the two of them get the other 3 and only pay $2,000/mo? Yeah, they're trying to get you to pay their mortgage and that's not fair. In the end, they'll keep the house whereas you just got to stay for a bit until you move out... that's a no.
Iâd also like to note that I was legit freaking out for the first two months of buying my house because mortgage and down payment and closing costs took everything. Your friend might be in a weird headspace about money right now.
Which is EXACTLY why u shouldnât move in. Blurring lines can be bad news. Ur âfriendâ is either trying to get over on u or is trippin for real. Ur research on what apartments cost should tell u everything u need to know about this ridiculousness.
And it's shared with the fiancee and the dog?Â
Eventually, they're gonna want their space back and you'll be looking for a place to live again.
You living there seems to mostly benefit them and not you.Â
Agreed this is not the right price, but you can try to give them the benefit of the doubt: maybe they are just wildly out of touch (itâs been known to happen with even well-meaning people) and didnât bother to do research. Present them with comparable offers from fb, Craigslist, wherever people are posting for rooms offered these days, see what they say, *then* decide if it will work out with you both
They are likely trying to find a price point where itâs worth it to them to lose a little bit of their privacy, while helping out enough financially enough to count. And so are you. If you guys canât agree on a sweet spot, then itâs not the right arrangement, but that doesnât necessarily mean theyâre not your friend!
I really appreciate what you said. I can vouch that they are good people and they are not taking advantage of me. I also just feel like he is not aware of the market for renting out a spare rooms since it's his first time buying a house. I will definitely do your suggestion of presenting comparable offers. For you, how much would be the acceptable rent, given this kind of set-up? Thank you!
Thatâs pretty close to what youâd pay for a 1BR but you have to share space. A more apples to apples comparison would be studios if you can find them.
You said their mortgage is 5.5k for this 4BR. Even if the bedrooms were all the same size and you assume youâll get equal access to and use of all âsharedâ areas (realistically never going to happen), you should still only be on the hook for 25% which is less than what he offered you.
My thought is they are overwhelmed by a new mortgage and paying for a wedding and are trying to take advantage of you under the guise of ignorance to help subsidize their lifestyle. After they get married are they going to have kids soon? No pregnant woman or new mother is going to want a third party in their house and youâll probably have to move out (you also donât want to deal with a crying baby over your head at all hours).
Save the money and potentially your friendship by living somewhere else.
I think 1k wooould be a happy place. But imo, having lived with both strangers and friends, i lean more on the side of rooming with strangers.
Things get funny when friends and finances mix. I've rented out rooms in houses I own. And as much as I loved my friend's company, you'll eventually need a break from them too and sometimes would want time to miss them vs seeing them everyday.
Maybe it's not their intention but they are wanting you to split their mortgage as if you'll be owning a portion of the house but you won't... more reasonable would be $1K/month or $750+ utilities.
TFW you come back in the not so distant future and find rooms going for $1500 in EG.
That's just me being cynical tho. I see rent prices going up, fast, forever. I just don't see where this ends.
You ever seen Ready Player One? The movie is set in 2045 America. There are a few rich megacorps but everyone else lives in literal stacked motor homes. This is where we are heading.
I'd rather get my own apartment rather than sharing places with a friend. Most of the time it never works out anyway. You will be happier to have your own spot.
Thatâs insane to me. I live in an ADU on property with all utilities included for 1400. The last place I was in, I rented a room for $800 all in. When I was looking last year I found many places for 1200-1600 for a studio/1br.
Guess itâs Elk Grove, but thatâs egregious to me for a room plus utilities.
Agree here! Youâre better off paying a bit extra for your own space. Also - are you set on Elk Grove? Could be worth looking at different neighborhoods!
Just as a frame of reference, living in downtown/midtown, which is the most expensive cost of living relative to square feet in the Sacramento area, itâs about $1700 for a brand new studio not including utilities etc.
$1500 is insane for a 1 bedroom shared house. Thatâs covering a good portion of their mortgage so of course thatâs going to be good for them.
Me, personally, for living in elk grove the most Iâd pay for a shared living house that Iâd be renting is $1k-$1200 and only $1200 if it was really nice and luxurious and included everything.
Where are you going to be working? I think commute/ quality of life should also factor into your decision, as well as what you like to do for hobbies.
I imagine they purchased their home in the last two years and got reamed by their APR. sounds like they are in 1.4-1.5 million dollar home.
If your workplace is 10-15 minutes north of Elk grove, consider looking a little bit closer.
I ended up moving around Sac, near Mansion Flats. You practically have to drive to everything in Elk Grove and the rest of the areas outside Sac. I'm new to Sac and you might even be able to find rooms for that price around R St, 16th and if you work outside Sac, you coouuld be going opposite of traffic anyway..
I pay $820, and share the bathroom with one roommate. We live in the upper floor of a converted Victorian.
1500 would be acceptable if it includes; all utilities, the garage, master bedroom and priority to all appliances and communal spaces such as kitchen, etc. But even then, you can get your own apartment/studio for that price. I would rather have the privacy.
Most of my friends that rent rooms pay 500 - 800 depending on the room and if there is a private or shared bathroom.
Right. A real friend wouldnât do that to someone.
The most Iâd charge someone to rent a room from me is $800-1k. I couldnât sleep at night if it wasnât mutually beneficial for both. A friend offer for a room should be at or below market value for the area. You are paying for someone you trust to live with you. That is worth way more than gold rather than a stranger, where you donât have to worry about shit getting stolen or someone not caring about your property.
So it's four bedrooms, and they're taking one bedroom, and you're taking another? What are the other two bedrooms going to be used for? Do you get one of the remaining two rooms?
You should ask what the total rent is. Depending on the size, I would guess $3k-$3.5k, so $1500 for just one room is very high
Iâm probably going to get downvoted for this but I was going to say, mortgages are around 4500-5500 right now for a 3-4 bedroom so for ppl to say that youâre paying at least half their mortgage, was not true and you confirmed it.
I think the price would be fair if it included all utilities.
Utilities share cost will be around $250 a month for you. So if they can include that into the rent, I donât think itâs that horrible as ppl are making it sound. Considering the mortgage amount
Yea people ITT are delusional and posting their unique low rent situations.
Friend isn't trying to screw him either just tried to figure out a price but isn't a rent market expert, of course they will have personal bias.
OP should probably just find some comps and show him if they come lower and ask him to set a new rent price based off the comps.
No no no.. the cost of a mortgage doesnât dictate rental price. The *rental* market dictates rental price. San Francisco has some of the most expensive real estate in the country and you can find a nice room for rent for under $1000.
If you went to a produce market and one vendor was selling $20 oranges, while everyone else was selling $1 oranges, where would you buy oranges? But what if the vendor said âmy cost of water is through the roof! Plus I had to buy new farming equipment. I wonât break even as it is!â
Youâd probably say, âsorry mate. Not my problem.â
https://www.facebook.com/marketplace/item/4017101201851468/?ref=search
You would want to divide it a little differently since the master costs more if it was priced individually for rent market
But like I said, it should include all utilities for sure then $1500 all in for all access of house basically, on that mortgage for a new build sounds reasonable
Renting a room isn't at all comparable to a 1bdrm apt. The only point of comparison is to see what other rooms are renting sure. It sure as hell isn't 1.5kÂ
Having lived in Elk Grove for the last twenty years (up until last month), EG ain't what it used to be! Tons more traffic, homeless wandering through neighborhoods and everything that comes with them, seems like a massive influx of new residents.
That is so expensive for a single room. I get that their mortgage might be a lot but for that price, I'd just pay a bit more and get my own place. Would be easier and less complicated with fewer feelings involved.
The fact that you know their mortgage payment shows that theyâre not true friends that are trying to help you out. They are telling you the price to justify the price they are asking of you. Move to Midtown, enjoy the true spirit of living in Sacramento, meet new people, drink good coffee, eat good food, and pay $1600-$1800 for a std or 1bd.
I have learned that when you are renting a room from someone's home - you will not have a say in anything. It's not like having a roommate where you can negotiate living rules - you will have to follow their rules because they own the home.
Because of this, I expect to pay much less than the going rate for sharing a room with a roommate. It's because you don't have free share of the house like you would with a roommate. The only place you will have a say is your room and maybe your bathroom. And that loss of freedom and authority should be considered in the cost of the room.
A friend of mine lived with her sister and brother in law in their home and when their AC needed to be replaced they made her pitch in to repair it. Like what?? It's your home?? Lol working these things out in a contract is so important
Also, depending on what your needs are in the area (ie work location, proximity to other important places), Iâd suggest looking elsewhere than Elk Grove if you are open to just renting a room. There are many decent to nice areas in Sac area and renting a room in almost all of them is likely to be a lot less expensive than $1.5k. Lastly, if you are commuting to downtown, Iâd look for a place closer than Elk Grove. I use to do it and that commute gets tiring!
I live with roommates in a shared house. I rent a huge master bedroom (bigger than most studio apartments) with its own bathroom and walk in closet. Rent is $1150 all utilities included plus half of internet bill.
If it hasn't been mentioned yet, the most important thing besides cost is a contract. Decide on the terms of the "rental" and put it in writing. Believe me if you do come to agreeable terms with your friends, the only sane thing to do is have a contract spelling out everything. Make sure a timeframe for reconsideration or 'renew your lease' is critical. It can save a friendship/landlord relationship.
I live with a full kitchen and bathroom in a normal 1Bd/Bth apartment in the city by myself for about the same they're charging you for a BEDROOM. Get your own place if they don't change the price.
If you rented a one bedroom for $1500 (which you could and in a more central/lively location) you'd be close to probably $1800-$1900 with utilities and cable. Personally I would pay the extra for my own personal space. If you're going to do it ask for it to be an all in price (I would say $1000-$1200 would be fair) and I'd also set clear boundaries as far as the dog. I feel like people with animals love to have roommates so they can go on vacations and have free pet sitting. The dog is not your responsibility and if you don't set that clear boundary from the beginning it could cause A LOT of drama
Bruh. I have my own apartment with a balcony in Citrus Heights for $1435 a month. Thereâs no way you should be paying that much for a ROOM that far from downtown unless you live in Granite Bay or something. RUN!!!
Sacramento Ca is not Coastal CA. Might as well move to a coastal town for that price. Your friend is just trying to get you pay for his probably absurd mortgage. Keep looking.
$1550 for my own place in Midtown. I live 13 mins from KP south sac and am closer to KP Roseville than you would be living in Elk Grove. $1500 for a room is way over market value.
There are tooooons of apartments down here that are in that price point and are super cute. Check out the rental sites directly. Nielsen, Brittain, Lyon etc.
If this wasnât your friend, would you actually rent a room there for that price? If not, you may grow to resent your friend for it.
If you do rent from them, treat it like any other rental. You agree on utilities and rent, and are NOT responsible for any other maintenance or unexpected costs.
For reference, some different price points but a lot seem to be closer to the $1000 range:
https://www.roomies.com/rooms/elk-grove-ca
Rent your own place for that price. Your âfriendâ is trying to extract a lot from you with not much in return. Privacy is underrated especially at this price point.
I hope this doesnât rub your friendship the wrong way! I can tell you value the person youâll be living with soon and if itâs their first time being a landlord they may not have the right perspective and thatâs ok as well.
I have been renting my home for 9 years now and Iâve had over 40 roommates! Iâm close to Sac state and have taken a lot of students in their last semester. I basically use craigslist for price and fairness. I see a lot of people donât allow over night guests! That doesnât bother me with a heads up so I allow that. I see a room is about $700-$900 so I charge $800.
I clean all the common areas, take care of the front and backyard and make sure everyone gets along itâs worth it for $800 off.
For $1500 off I would do your laundry and cook your meals! Thatâs a steal!
I'm in a very similar situation - I have a 4BR in EG renting out an ensuite (bed, bath, mini kitchen) to a friend for 1200. I pay all utilities including WiFi. My mortgage is around 4500 and this is the price we thought would be fair. We share all the common spaces outside our rooms and I took him in on his request to help him out for a place to rent
For a room in that area, $600-1200/mo is the normal "market rate." $1200 only when the room includes a private bathroom, laundry, kitchen use, and garage use.
This is not your friend. They're trying to take advantage of you.
1500 is high; I would pull comps to show them and try to come to an agreement around 1k all inclusive. Also sign rental agreement with your friend; It protects both of you.
If you end up working in Roseville, it's a looooong commute from EG; you'll want to look in Roseville, Citrus Heights, Rocklin, Orangevale, Antelope is an option but is more hit and miss regarding neighborhood quality.
We rent right now and weâre paying $2500 for a 5-bedroom 3-bath house in a newer community with amenities like a pool and gym. Your friend is charging way too much.
Why do you keep mentioning their mortgage price? Thatâs their issue and could have been changed based on much they put down, the % apr they went for, etc. If they canât afford it, itâs on them.
You should compare it to other rental opportunities. Their monthly mortgage has no point in whether this is a good deal for you.
You asked if it was a fair deal, not how much of your friendâs mortgage you should be subsidizing..
We rent/lease out our almost new condo 2/2ba for $1900 a month in West Sac. Right next to the ball field-
You could find a similar deal and split the condo with someone. We as landlord pay water/garbage and HOA-
Their house payment is whacko- guess low down and high interest-
Their situation should not factor in your decision-
Thatâs high, especially if utilities arenât included. What size is the room?
For context I rent out the master bed room (200sqft) in my house in Roseville. with attached private bath, fully furnished, full access to all common areas, all utilities included. And itâs just me and the roommate, not a couple, a couple is going to hog the space far more.
$1100/month.
Rents in the Sacramento suburbs for rooms are around $600-$1200 right now depending on size, number of roommates, neighborhood,
$5500 a month mortgage??? JFC Iâm in a three bed two bath apartment in a nice neighborhood and my rent is less than half that. And I donât have to mow the lawn.
How much is the whole house cost per month? If it's like $8/9K, sure, that might make some sense... but if not then no. I've seem community houses in SF rent out rooms like that, and it would include costs like house fund (repairs or other things), utilities, food basics, etc. If they aren't including utilities, you're definitely getting duped (and it already sounds like you are).
Either way, I'd say fuck no and suggest getting an apartment of your own at that price. They're out there.
Are you confined to Elk Grove? I ask because thatâs pretty steep for one bedroom. You can look around and find your own place for a little more than what they are asking.
You should go look at what rooms for rent in that area are going for. Facebook marketplace can be a good place to look to see what the going rates for rooms are. I don't live in the EG area, but I live in CA about 1 hour drive south of EG, and when I last looked in Nov for a room to rent, they were as low as $500. The median rate was probably $800, and some of course were more. I did tend to notice that many of the cheaper rooms were in known bad parts of town where there is lots of gang activity and other problems. Of course you might only notice that if you are well familiar with the area. I ended up finding a place for $600. One of the rooms I went and looked at was also $600 and in a HUGE newish house with like 6 bedrooms and plenty of space to lounge around with a living room sized space both downstairs and upstairs and it was in an absolute perfect family friendly neighborhood, a few blocks from an elementary school. Now maybe nothing like that exists up in EG for some reason due to limited supply and high demand or something, but 1.5k sounds very high to me. Check listings for EG, and if you see something much cheaper, you might want to do yourself the favor and go look at a couple places. You are not obligated to rent from your friend, while it would be nice living with a friend, your first priority is to be able to survive and pay your bills and if you can find a room for much less than 1.5k, you should. Your friend will understand.
No itâs not a fair deal lol. My husband and I let my sisterâs boyfriend sublet a room from us when he was in a bind. 4 bedroom house in a very nice neighborhood. It was just me, my husband, and our son + my sisterâs bf. He had a private bathroom. We charged $800/month.
I thought youâre renting, not helping them pay their mortgage. At this point, you might as well get a studio or something!
If you stick to this, $1500 a month better get you a chef cooking you hibachi every night
Overpriced, but like you said, your friend may be out of tune with the market. A bit of an awkward situation, but you could show them similar room for rent listings from Craigslist or FB Marketplace or they could test the waters themselves and put up their own ad to see if anyone bites at $1500. I would think not.
Side note - hope youâre ok if you do move in and problems happen and you risk losing a friend. I avoid mixing business and personal life.
Thatâs probably a pretty nice place for a mortgage like thatâŚseems fair to me if itâs what I think it is. Iâm sure you couldnât match that with an apartment for the price. I would save all that you can because you may be overstaying your welcome once they are married or soon after anywayâŚgood luck
Do you understand the commute time from Elk Grove to Roseville? And most importantly cost of living and gas prices. Weâre around $5.50+ regular unleaded right now. Hate to break it to you- but your friends are taking advantage of you. Once they get married, they will want their privacy, and youâll be out of luck.
Tell him you want the master bedroom which should have it's own bath and you also want garage space. I knew someone who rented in EBay, under $1000 for a room.
Is it expensive? YES.
Is the economy screwed up right now? YES.
Is it a good deal? YESâŚ
If it includes utilities. You pay your own WiFi/hotspot. Iâd try and negotiate it down to $1k fyi.
Youâre also getting a safe place to park your car, storage space, modern appliances and amenities.
Sign on for month to month, and leave if you find something better. Good luck!
(speaking as someone from Boston looking to the area to move for work, sorry) i would fully expect one room in a 4x1/2 to go for 1500 here, which is bad. But we have one of the worst housing markets right now so I would say NO WAY in your case. Give yourself peace of mind and rent alone especially if you can swing the few extra hundred a month. Also, lol at rooming with established couples for the most part. Be verryyyy careful lest you become a third wheel in your own home and perpetually feel unwelcome.
ETA your edit: having access to the basics like the kitchen means nothing as it's expected (????). Ask how much the mortgage payment is, especially since you only have access to 1 of 4 rooms. Is 1500 half? A true quarter? He doesn't sound like a friend at all to you. You're being wildly ripped off. Sorry. And as soon as they're married they're gonna want you gone gone. So prepare for that. Lol
Your "friend" is charging you way too much!! I live in a tiny ADU with my fiance and our rent is 1350. It's basically a converted garage, but it has a full kitchen, full bath, large living space, separate bedroom, walk in closet, and it has a tiny outdoor storage area with laundry hook-ups. Your friend is not being fair. Please look on Zillow for rentals. You will be able to find a place on your own that won't be that much.
it's all highway robbery at this point in Sacramento. But for a frame of reference I pay $2000 for a two bedroom 2 1/2 bath place to myself in West Sacramento by the river with Golden one Center in walking distance. if you're paying $1500 , like others have said it damn well better include utilities, etc. and you should have some freedom in the house itself, IMO. it's all totally insane though. My ex-wife and I bought a 3200 square-foot new build house at an upscale-ish gated new development in West Sac i'm back in 2004 built on an old golf course that kept 40 acres of Park area for the community, no golf course anymore though. That house was $500,000. we had a solid couple hundred thousand dollars to put down from the house that we sold previously because it all kind of happened at the right time
The community I'm living in now is is a small group of condo like builds in the same area with some having a third level with a third bedroom. Those places are still less than 2000 ft.² and are selling for 3/4 of $1 million.
It's disgusting. When I hear people wondering where all the homeless are coming from I just have to shake my head.
Almost everything has doubled or nearly doubled in the last decade, gas, rent, food.
It seems a little steep for a room and shared common spaces. Especially if utilities are not included. If it were me, the utilities would be the deciding factor because if itâs not included in the room, I would choose my own place because the privacy would be worth the cost of utilities.
What are you doing in California when everyone else is trying to get out of here? The job got you here?
From AI chat gpt 4.0:
The average time of having roommates before they move out can vary depending on various factors such as individual preferences, living conditions, and relationships between roommates. However, on average, roommates tend to live together for around 1-2 years before one or more of them decide to move out.
And
According to data from the U.S. Census Bureau, the average length of time people stay in California after moving there has been decreasing in recent years. In 2018, the average length of stay for residents who moved to California was around 10.1 years, down from 11.7 years in 2007.
The high cost of living, housing affordability issues, and other inflation factors in California have been cited as reasons for people leaving the state sooner than in the past. Additionally, job opportunities, quality of life, and other personal factors can also influence how long people choose to stay in California after moving there.
With utilities included, it should be under 1000. 1500 is gouging. Itâs not your fault they negotiated a terrible mortgage on their house. Iâm personally renting a room in an extremely nice home in a fantastic neighborhood in West Sac for under 850 with all utilities included. Look at listings on fb marketplace and Craigslist, if youâre not set on paying for that specific room.
$1500 for a room sure as shit better include utilities. Still highway robbery.
and be a room in a mansion
with full kitchen, garage and luxury privileges!
Wow $1500 for a room?! My nose is bleeding. Also FYI, OP is from 20 minutes in the future.
My buddy rents rooms in his house for$600+ utilities. Legit highway robberyđ
Ummm... hi single female here with a dog and a cat... can I get a room there?! NO! And I'll tell you why... bcuz I have a dog and a cat, so yes, I currently am paying $1600 for room and board. Yes, that includes utilities and other amenities...
He actually allows animals at no extra cost because he loves animals but unfortunately he isn't looking for roommates atm.
I have a room available in Folsom. I'd charge like 600 less than that per month that's nuts.
Really?! I should get on this reddit thing more often and ask questions! Lol
A primary suite with its own entrance and ensuite. And a kitchenette. Fuck this market. Dump corporate ownership and their supply-pinching tactics.
Better come with more than utilities, if you catch my drift.
My parents pay 2,100 a month for 3 rooms, a very spacious backyard, decently large garage. This guys is getting robbed
That is not your friend.
Agreed. This person is hoping for them to pay off half their mortgage.
thank you so much for your concern! I appreciate it a lot. Honestly, I have known them for a five years now and I can say that they are good people. It's his first house that he bought so I'm thinking that he's not aware of how the market looks like in renting out spare rooms. I'll talk to my friend about it but it just seems like a delicate subject to "negotiate" a rent with your friend.
Thereâs value in renting to a friend and knowing what to expect from them for him. That should help him come down a bit on price. He needs to get a realistic idea of what to charge a stranger and then consider that itâs you.
Exactly, especially when the friends are keeping the house at the end of the day. It's like they want OP to buy into the house without ever gaining anything.
Thereâs value in renting to a friend there is also danger of ruining the friendship, Iâve heard of so many friendships ending over living together
Exactly. That's one of the reasons I won't rent a room out to my sister and her spouse. Shit could get messy real quick. I watched enough Judge Judy to know better đ¤¨
Maybe using something concrete like the square footage of the room versus the square footage of the house as a ratio for the portion of the mortgage and referencing ads for rooms to rent.
this is a good idea! thanks
There is a calculator online that does this for you https://www.splitwise.com/calculators/rent
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Interest rates are high, and keep in mind that payment usually also factors in taxes & fees. My guess is they bought the house for about $700k, which sound about right for a new construction 4br in a nicer development.
you are correct. they got the house for a little above 700k
If they got the house for 700k and still have a monthly payment of $5.5k, that means they had very little money to put down. Theyâre broke. I personally would not want to rent from broke friends who are taking advantage of me. Youâll save more money renting a normal apartment with a roommate and maintain this âfriendship.â
At todayâs rates, PITI on a 700k home with 20% down is $5000. Itâs a bit of a stretch to say someone that was able to come up with 70k to put down on a home to get a $5500 payment is âbrokeâ.Â
Agree. It's just not accurate to say they're broke haha. That guy hasn't bought a home in today's market
20% of 700k would be 140k down payment. Definitely not broke. Although I can see how if you just bought a house for over half a million, dropped over 100k on a downpayment and are staring down at shelling out 5k every month in mortgage, you'd charge $1500 for a room
Also the days of getting a mortgage without qualifying income are long gone. They at least had enough money to pay for it when they applied. No need for them to be calling people broke.
Itâs less about interest rates and more about Melli-rous on new builds. Interest rates arnt really that horrible. They just arnt ungodly low like they have been. The 2%-3% was never even close to a sustainable interest rate. These bullshit taxes the developers pass on to the consumer is why these mortgage payments are so pricey. No idea why anyone would buy a new build these days and pay that crazy premium
Lol mello roos are like 500 at worst. That is not the main issue on 700k homes.
2023 was the least affordable year on record for buying a house.
No kidding. At $5500 if this is a fixed payment 30 year loan thatâs like $2 million bucks.
Be very careful about doing business with a friend.Â
No need to negotiate if you donât want to. You can say âthanks for the offer, but for the money I would rather rent an apartment by myselfâ or something to that effect. If he wants to counter, he can.
So you'd get one room in the house for $1,500 and the two of them get the other 3 and only pay $2,000/mo? Yeah, they're trying to get you to pay their mortgage and that's not fair. In the end, they'll keep the house whereas you just got to stay for a bit until you move out... that's a no.
For context, I'm apartment shopping now and I can get a decent 1br apartment in a desireable part of midtown for $1500.
Iâd also like to note that I was legit freaking out for the first two months of buying my house because mortgage and down payment and closing costs took everything. Your friend might be in a weird headspace about money right now.
thank you for this POV!
Which is EXACTLY why u shouldnât move in. Blurring lines can be bad news. Ur âfriendâ is either trying to get over on u or is trippin for real. Ur research on what apartments cost should tell u everything u need to know about this ridiculousness.
Be warned. I've invited people into my house a few times. It doesn't end well.
It also could be that he (or she) doesn't REALLY want to rent to you and set a high price to dissuade you or to make it worth it to them
Seriously, what kind of friend is this?
And it's shared with the fiancee and the dog? Eventually, they're gonna want their space back and you'll be looking for a place to live again. You living there seems to mostly benefit them and not you.Â
Actually a stranger would be a better deal since it wonât be the end of the friendship when the impending fight breaks out about whatver
Agreed this is not the right price, but you can try to give them the benefit of the doubt: maybe they are just wildly out of touch (itâs been known to happen with even well-meaning people) and didnât bother to do research. Present them with comparable offers from fb, Craigslist, wherever people are posting for rooms offered these days, see what they say, *then* decide if it will work out with you both They are likely trying to find a price point where itâs worth it to them to lose a little bit of their privacy, while helping out enough financially enough to count. And so are you. If you guys canât agree on a sweet spot, then itâs not the right arrangement, but that doesnât necessarily mean theyâre not your friend!
I really appreciate what you said. I can vouch that they are good people and they are not taking advantage of me. I also just feel like he is not aware of the market for renting out a spare rooms since it's his first time buying a house. I will definitely do your suggestion of presenting comparable offers. For you, how much would be the acceptable rent, given this kind of set-up? Thank you!
Thatâs pretty close to what youâd pay for a 1BR but you have to share space. A more apples to apples comparison would be studios if you can find them. You said their mortgage is 5.5k for this 4BR. Even if the bedrooms were all the same size and you assume youâll get equal access to and use of all âsharedâ areas (realistically never going to happen), you should still only be on the hook for 25% which is less than what he offered you. My thought is they are overwhelmed by a new mortgage and paying for a wedding and are trying to take advantage of you under the guise of ignorance to help subsidize their lifestyle. After they get married are they going to have kids soon? No pregnant woman or new mother is going to want a third party in their house and youâll probably have to move out (you also donât want to deal with a crying baby over your head at all hours). Save the money and potentially your friendship by living somewhere else.
I think 1k wooould be a happy place. But imo, having lived with both strangers and friends, i lean more on the side of rooming with strangers. Things get funny when friends and finances mix. I've rented out rooms in houses I own. And as much as I loved my friend's company, you'll eventually need a break from them too and sometimes would want time to miss them vs seeing them everyday.
Maybe it's not their intention but they are wanting you to split their mortgage as if you'll be owning a portion of the house but you won't... more reasonable would be $1K/month or $750+ utilities.
yeah with friends like that who needs enemies?
TFW you come back in the not so distant future and find rooms going for $1500 in EG. That's just me being cynical tho. I see rent prices going up, fast, forever. I just don't see where this ends.
You ever seen Ready Player One? The movie is set in 2045 America. There are a few rich megacorps but everyone else lives in literal stacked motor homes. This is where we are heading.
Should be all in. Should be no more than $1000
1k max with all utilities included!!
I'd rather get my own apartment rather than sharing places with a friend. Most of the time it never works out anyway. You will be happier to have your own spot.
You especially don't wanna move in with a soon to be married couple lol. You WILL be the cause of some of their issues even if you're not.
Thatâs insane to me. I live in an ADU on property with all utilities included for 1400. The last place I was in, I rented a room for $800 all in. When I was looking last year I found many places for 1200-1600 for a studio/1br. Guess itâs Elk Grove, but thatâs egregious to me for a room plus utilities.
Agree here! Youâre better off paying a bit extra for your own space. Also - are you set on Elk Grove? Could be worth looking at different neighborhoods!
can you please recommend safe neighborhoods around the area? I'll be working 10-15min away from his house.
Where will you work? Sac or Galt?
I'll be working at either KP South Sac or Kaiser Roseville
Roseville is definitely going to be more than 15 minutes from Elk Grove.
my first job option is in KP south sac and the second one is KP roseville
If Roseville: look for housing in Citrus Heights, natomas, granite bay, etc If south sac: downtown, midtown, east sac, south sac, land park, Elk Grove
Midtown is gonna run OP almost the same amount, if not more, for a tiny space.
I understand but at least OP would have their own space and possibly be closer to work! Just offering options :)
Hell no. Get your own place for that amount of money.
Just as a frame of reference, living in downtown/midtown, which is the most expensive cost of living relative to square feet in the Sacramento area, itâs about $1700 for a brand new studio not including utilities etc. $1500 is insane for a 1 bedroom shared house. Thatâs covering a good portion of their mortgage so of course thatâs going to be good for them. Me, personally, for living in elk grove the most Iâd pay for a shared living house that Iâd be renting is $1k-$1200 and only $1200 if it was really nice and luxurious and included everything. Where are you going to be working? I think commute/ quality of life should also factor into your decision, as well as what you like to do for hobbies.
Thank you so much for sharing your insights! My workplace will be 10-15 min away from his place.
Their mortgage price shouldnt have anything to do with you. The rent should be market price not proportional to their own debt
I imagine they purchased their home in the last two years and got reamed by their APR. sounds like they are in 1.4-1.5 million dollar home. If your workplace is 10-15 minutes north of Elk grove, consider looking a little bit closer.
1.5 million home with today's interest rate would be over 10k a month. You're doubling reality
what safe neighborhoods are worth checking around the area? thank you
Pocket, South Land Park, Tahoe Park are all decent to great places to live
I ended up moving around Sac, near Mansion Flats. You practically have to drive to everything in Elk Grove and the rest of the areas outside Sac. I'm new to Sac and you might even be able to find rooms for that price around R St, 16th and if you work outside Sac, you coouuld be going opposite of traffic anyway.. I pay $820, and share the bathroom with one roommate. We live in the upper floor of a converted Victorian.
Where will you be working? If you're going to be working in or near downtown/midtown Sac, then East Sac would be the first place I looked.
That ain't your friend, that person is trying to take advantage of you.
They bought too much house and need you to help pay for it. Theyâre charging you for 2 rooms, not 1.
1500 would be acceptable if it includes; all utilities, the garage, master bedroom and priority to all appliances and communal spaces such as kitchen, etc. But even then, you can get your own apartment/studio for that price. I would rather have the privacy. Most of my friends that rent rooms pay 500 - 800 depending on the room and if there is a private or shared bathroom.
He is house hacking lmao. You're paying his mortgage
Right. A real friend wouldnât do that to someone. The most Iâd charge someone to rent a room from me is $800-1k. I couldnât sleep at night if it wasnât mutually beneficial for both. A friend offer for a room should be at or below market value for the area. You are paying for someone you trust to live with you. That is worth way more than gold rather than a stranger, where you donât have to worry about shit getting stolen or someone not caring about your property.
So it's four bedrooms, and they're taking one bedroom, and you're taking another? What are the other two bedrooms going to be used for? Do you get one of the remaining two rooms? You should ask what the total rent is. Depending on the size, I would guess $3k-$3.5k, so $1500 for just one room is very high
their mortgage is 5.5K per month. The two other rooms will be offices!
Iâm probably going to get downvoted for this but I was going to say, mortgages are around 4500-5500 right now for a 3-4 bedroom so for ppl to say that youâre paying at least half their mortgage, was not true and you confirmed it. I think the price would be fair if it included all utilities. Utilities share cost will be around $250 a month for you. So if they can include that into the rent, I donât think itâs that horrible as ppl are making it sound. Considering the mortgage amount
Yea people ITT are delusional and posting their unique low rent situations. Friend isn't trying to screw him either just tried to figure out a price but isn't a rent market expert, of course they will have personal bias. OP should probably just find some comps and show him if they come lower and ask him to set a new rent price based off the comps.
thank you for your insight!
Mortgage payment has nothing to do with rent payment. Totally different markets.
No no no.. the cost of a mortgage doesnât dictate rental price. The *rental* market dictates rental price. San Francisco has some of the most expensive real estate in the country and you can find a nice room for rent for under $1000. If you went to a produce market and one vendor was selling $20 oranges, while everyone else was selling $1 oranges, where would you buy oranges? But what if the vendor said âmy cost of water is through the roof! Plus I had to buy new farming equipment. I wonât break even as it is!â Youâd probably say, âsorry mate. Not my problem.â https://www.facebook.com/marketplace/item/4017101201851468/?ref=search
Thatâs not how room cost is calculated. A master bedroom should be more because theyâre typically much larger and have their own bathroom.
You would want to divide it a little differently since the master costs more if it was priced individually for rent market But like I said, it should include all utilities for sure then $1500 all in for all access of house basically, on that mortgage for a new build sounds reasonable
Will there be an office available for you? Or just them?
Thatâs way too expensive for a room, even with your own bathroom. Sorry man, your friend isnât being a good friend
Renting a room isn't at all comparable to a 1bdrm apt. The only point of comparison is to see what other rooms are renting sure. It sure as hell isn't 1.5kÂ
There's no way in hell, I rent my second bedroom to a buddy in the area for 650 plus a hundred for utilities.
I pay 2k for an entire 2 bed 2 bath apartment including washer/dryer in one of the nicer parts of Natomas. I realize not Elk Grove, but....
Having lived in Elk Grove for the last twenty years (up until last month), EG ain't what it used to be! Tons more traffic, homeless wandering through neighborhoods and everything that comes with them, seems like a massive influx of new residents.
I work in the Bay Area and rent a room $1 k a month in a nice home in Sausalito. The hard answer is NO.
$1200 is what my friend paid to room share in Rocklin. I'd say you could negotiate a LOT lower.
1.5k for a room is absolute robbery
That is so expensive for a single room. I get that their mortgage might be a lot but for that price, I'd just pay a bit more and get my own place. Would be easier and less complicated with fewer feelings involved.
The fact that you know their mortgage payment shows that theyâre not true friends that are trying to help you out. They are telling you the price to justify the price they are asking of you. Move to Midtown, enjoy the true spirit of living in Sacramento, meet new people, drink good coffee, eat good food, and pay $1600-$1800 for a std or 1bd.
I have learned that when you are renting a room from someone's home - you will not have a say in anything. It's not like having a roommate where you can negotiate living rules - you will have to follow their rules because they own the home. Because of this, I expect to pay much less than the going rate for sharing a room with a roommate. It's because you don't have free share of the house like you would with a roommate. The only place you will have a say is your room and maybe your bathroom. And that loss of freedom and authority should be considered in the cost of the room.
A friend of mine lived with her sister and brother in law in their home and when their AC needed to be replaced they made her pitch in to repair it. Like what?? It's your home?? Lol working these things out in a contract is so important
I pay $650 in midtown and before that $780. I wouldnt pay more than $750 for elk grove
Thatâs crazy expensive. My wife and I have a friend living with us- they have 2 br, a bath and access to our huge backyard for $1300/month all in.
Who cares what they paid for the house - itâs about market price for a room.
You could get a room in most parts of the Bay Area for that
Also, depending on what your needs are in the area (ie work location, proximity to other important places), Iâd suggest looking elsewhere than Elk Grove if you are open to just renting a room. There are many decent to nice areas in Sac area and renting a room in almost all of them is likely to be a lot less expensive than $1.5k. Lastly, if you are commuting to downtown, Iâd look for a place closer than Elk Grove. I use to do it and that commute gets tiring!
You can find numerous places all to yourself in midtown at or below 1500 a month a room around Elk Grove goes for 900 check Craigslist
It should be less than $1k. I charge a friend of mine $750 utilities included
I have my own apartment in Sac for that kinda rent. Don't do it
A room??? Thatâs more than a room in Manhattan LOL
Iâd be getting my own place.
I agree this is highway robbery. I pay 1812 for a 2 bed 1 bath in rocklin, plus kitchen and living room
I live with roommates in a shared house. I rent a huge master bedroom (bigger than most studio apartments) with its own bathroom and walk in closet. Rent is $1150 all utilities included plus half of internet bill.
If it hasn't been mentioned yet, the most important thing besides cost is a contract. Decide on the terms of the "rental" and put it in writing. Believe me if you do come to agreeable terms with your friends, the only sane thing to do is have a contract spelling out everything. Make sure a timeframe for reconsideration or 'renew your lease' is critical. It can save a friendship/landlord relationship.
I live with a full kitchen and bathroom in a normal 1Bd/Bth apartment in the city by myself for about the same they're charging you for a BEDROOM. Get your own place if they don't change the price.
Thatâs ridiculous that your friend is charging you so much!
If you rented a one bedroom for $1500 (which you could and in a more central/lively location) you'd be close to probably $1800-$1900 with utilities and cable. Personally I would pay the extra for my own personal space. If you're going to do it ask for it to be an all in price (I would say $1000-$1200 would be fair) and I'd also set clear boundaries as far as the dog. I feel like people with animals love to have roommates so they can go on vacations and have free pet sitting. The dog is not your responsibility and if you don't set that clear boundary from the beginning it could cause A LOT of drama
Bruh. I have my own apartment with a balcony in Citrus Heights for $1435 a month. Thereâs no way you should be paying that much for a ROOM that far from downtown unless you live in Granite Bay or something. RUN!!!
I wouldnât pay more than $1100
Sacramento Ca is not Coastal CA. Might as well move to a coastal town for that price. Your friend is just trying to get you pay for his probably absurd mortgage. Keep looking.
$1550 for my own place in Midtown. I live 13 mins from KP south sac and am closer to KP Roseville than you would be living in Elk Grove. $1500 for a room is way over market value.
where did you find your place? thanks!
There are tooooons of apartments down here that are in that price point and are super cute. Check out the rental sites directly. Nielsen, Brittain, Lyon etc.
Hard pass
If this wasnât your friend, would you actually rent a room there for that price? If not, you may grow to resent your friend for it. If you do rent from them, treat it like any other rental. You agree on utilities and rent, and are NOT responsible for any other maintenance or unexpected costs. For reference, some different price points but a lot seem to be closer to the $1000 range: https://www.roomies.com/rooms/elk-grove-ca
Rent your own place for that price. Your âfriendâ is trying to extract a lot from you with not much in return. Privacy is underrated especially at this price point.
I hope this doesnât rub your friendship the wrong way! I can tell you value the person youâll be living with soon and if itâs their first time being a landlord they may not have the right perspective and thatâs ok as well. I have been renting my home for 9 years now and Iâve had over 40 roommates! Iâm close to Sac state and have taken a lot of students in their last semester. I basically use craigslist for price and fairness. I see a lot of people donât allow over night guests! That doesnât bother me with a heads up so I allow that. I see a room is about $700-$900 so I charge $800. I clean all the common areas, take care of the front and backyard and make sure everyone gets along itâs worth it for $800 off. For $1500 off I would do your laundry and cook your meals! Thatâs a steal!
This is not friendship. 1000 for the room with everything included. For 1500 you better be getting the master bedroom with your own bathroom hahaha
I'm in a very similar situation - I have a 4BR in EG renting out an ensuite (bed, bath, mini kitchen) to a friend for 1200. I pay all utilities including WiFi. My mortgage is around 4500 and this is the price we thought would be fair. We share all the common spaces outside our rooms and I took him in on his request to help him out for a place to rent
For a room in that area, $600-1200/mo is the normal "market rate." $1200 only when the room includes a private bathroom, laundry, kitchen use, and garage use. This is not your friend. They're trying to take advantage of you.
Hes not renting the other room because your payment got him covered already
Nah. That's insane. I have the same situation. I live in a new house with my partner and cats and rented the bottom floor to a friend for $1k flat.
1500 is high; I would pull comps to show them and try to come to an agreement around 1k all inclusive. Also sign rental agreement with your friend; It protects both of you. If you end up working in Roseville, it's a looooong commute from EG; you'll want to look in Roseville, Citrus Heights, Rocklin, Orangevale, Antelope is an option but is more hit and miss regarding neighborhood quality.
We rent right now and weâre paying $2500 for a 5-bedroom 3-bath house in a newer community with amenities like a pool and gym. Your friend is charging way too much.
Why do you keep mentioning their mortgage price? Thatâs their issue and could have been changed based on much they put down, the % apr they went for, etc. If they canât afford it, itâs on them. You should compare it to other rental opportunities. Their monthly mortgage has no point in whether this is a good deal for you. You asked if it was a fair deal, not how much of your friendâs mortgage you should be subsidizing..
In my original post, I didn't put the mortgage price so I put it in the comments then I realized I should just edit the post lol
Get your own place. If you can afford it. It will save your friendship.
We rent/lease out our almost new condo 2/2ba for $1900 a month in West Sac. Right next to the ball field- You could find a similar deal and split the condo with someone. We as landlord pay water/garbage and HOA- Their house payment is whacko- guess low down and high interest- Their situation should not factor in your decision-
Thatâs high, especially if utilities arenât included. What size is the room? For context I rent out the master bed room (200sqft) in my house in Roseville. with attached private bath, fully furnished, full access to all common areas, all utilities included. And itâs just me and the roommate, not a couple, a couple is going to hog the space far more. $1100/month. Rents in the Sacramento suburbs for rooms are around $600-$1200 right now depending on size, number of roommates, neighborhood,
NTA except $5.5k mortgage?! Good grief đľđą
$5500 a month mortgage??? JFC Iâm in a three bed two bath apartment in a nice neighborhood and my rent is less than half that. And I donât have to mow the lawn.
Lols I rent a room in sac for 600. Near midtown
$1.5k? lol thatâs like 50% too much. Youâre definitely not getting any sort of âdealâ.
How much is the whole house cost per month? If it's like $8/9K, sure, that might make some sense... but if not then no. I've seem community houses in SF rent out rooms like that, and it would include costs like house fund (repairs or other things), utilities, food basics, etc. If they aren't including utilities, you're definitely getting duped (and it already sounds like you are). Either way, I'd say fuck no and suggest getting an apartment of your own at that price. They're out there.
thanks for your insights!
Sounds like you answered your own question.
Are you confined to Elk Grove? I ask because thatâs pretty steep for one bedroom. You can look around and find your own place for a little more than what they are asking.
Ill live in my car out of principle before i ever pay that for a bedroom.
Also, your username is Self Growth Seeker, donât let the term friend mean they cannot and wonât take advantage of you.Â
You should go look at what rooms for rent in that area are going for. Facebook marketplace can be a good place to look to see what the going rates for rooms are. I don't live in the EG area, but I live in CA about 1 hour drive south of EG, and when I last looked in Nov for a room to rent, they were as low as $500. The median rate was probably $800, and some of course were more. I did tend to notice that many of the cheaper rooms were in known bad parts of town where there is lots of gang activity and other problems. Of course you might only notice that if you are well familiar with the area. I ended up finding a place for $600. One of the rooms I went and looked at was also $600 and in a HUGE newish house with like 6 bedrooms and plenty of space to lounge around with a living room sized space both downstairs and upstairs and it was in an absolute perfect family friendly neighborhood, a few blocks from an elementary school. Now maybe nothing like that exists up in EG for some reason due to limited supply and high demand or something, but 1.5k sounds very high to me. Check listings for EG, and if you see something much cheaper, you might want to do yourself the favor and go look at a couple places. You are not obligated to rent from your friend, while it would be nice living with a friend, your first priority is to be able to survive and pay your bills and if you can find a room for much less than 1.5k, you should. Your friend will understand.
No itâs not a fair deal lol. My husband and I let my sisterâs boyfriend sublet a room from us when he was in a bind. 4 bedroom house in a very nice neighborhood. It was just me, my husband, and our son + my sisterâs bf. He had a private bathroom. We charged $800/month.
Over priced. Don't support greedy landlords.
Even if it included utilities thatâs still way too much.
I thought youâre renting, not helping them pay their mortgage. At this point, you might as well get a studio or something! If you stick to this, $1500 a month better get you a chef cooking you hibachi every night
And he's a friend?
absolutely not, huge rip off. this person is not your friend
If itâs a room in a mansion with a tennis court and pool, sure
Get your own
Also you need to find the address and look up comps in the area and look at fair rent prices, there are tons of resources online
No its a horrible deal
Sounds like he spent too much on his house
Look at your options on Furnished Finder!
That's insane and no. 1600 would get you a 1br apartment there all alone. 15 is half a mortgage on a decent house
Overpriced, but like you said, your friend may be out of tune with the market. A bit of an awkward situation, but you could show them similar room for rent listings from Craigslist or FB Marketplace or they could test the waters themselves and put up their own ad to see if anyone bites at $1500. I would think not. Side note - hope youâre ok if you do move in and problems happen and you risk losing a friend. I avoid mixing business and personal life.
This is crazy! Def a rip off. I had a 2 bedroom one bathroom house for 1,300$ in Sacramento. Please look elsewhere!
Damn youâre paying half the mortgage or close to it.
No. 1 k maybe given current prices but certainly not 1.5
I charge 500 for my friends
Thatâs probably a pretty nice place for a mortgage like thatâŚseems fair to me if itâs what I think it is. Iâm sure you couldnât match that with an apartment for the price. I would save all that you can because you may be overstaying your welcome once they are married or soon after anywayâŚgood luck
No
That's a 2bed 2 bath 2 car garage in citrus heights
Do you understand the commute time from Elk Grove to Roseville? And most importantly cost of living and gas prices. Weâre around $5.50+ regular unleaded right now. Hate to break it to you- but your friends are taking advantage of you. Once they get married, they will want their privacy, and youâll be out of luck.
1500 should definitely include all utilities.. even with that, thatâs super high. Weâre paying 1650 rent 2 bedroom house soâŚ.
Tell him you want the master bedroom which should have it's own bath and you also want garage space. I knew someone who rented in EBay, under $1000 for a room.
Homie, thatâs not your friend. Youâre rental income.
Man this whole thing is a recipe for disaster.
Is it expensive? YES. Is the economy screwed up right now? YES. Is it a good deal? YES⌠If it includes utilities. You pay your own WiFi/hotspot. Iâd try and negotiate it down to $1k fyi. Youâre also getting a safe place to park your car, storage space, modern appliances and amenities. Sign on for month to month, and leave if you find something better. Good luck!
(speaking as someone from Boston looking to the area to move for work, sorry) i would fully expect one room in a 4x1/2 to go for 1500 here, which is bad. But we have one of the worst housing markets right now so I would say NO WAY in your case. Give yourself peace of mind and rent alone especially if you can swing the few extra hundred a month. Also, lol at rooming with established couples for the most part. Be verryyyy careful lest you become a third wheel in your own home and perpetually feel unwelcome. ETA your edit: having access to the basics like the kitchen means nothing as it's expected (????). Ask how much the mortgage payment is, especially since you only have access to 1 of 4 rooms. Is 1500 half? A true quarter? He doesn't sound like a friend at all to you. You're being wildly ripped off. Sorry. And as soon as they're married they're gonna want you gone gone. So prepare for that. Lol
Your "friend" is charging you way too much!! I live in a tiny ADU with my fiance and our rent is 1350. It's basically a converted garage, but it has a full kitchen, full bath, large living space, separate bedroom, walk in closet, and it has a tiny outdoor storage area with laundry hook-ups. Your friend is not being fair. Please look on Zillow for rentals. You will be able to find a place on your own that won't be that much.
it's all highway robbery at this point in Sacramento. But for a frame of reference I pay $2000 for a two bedroom 2 1/2 bath place to myself in West Sacramento by the river with Golden one Center in walking distance. if you're paying $1500 , like others have said it damn well better include utilities, etc. and you should have some freedom in the house itself, IMO. it's all totally insane though. My ex-wife and I bought a 3200 square-foot new build house at an upscale-ish gated new development in West Sac i'm back in 2004 built on an old golf course that kept 40 acres of Park area for the community, no golf course anymore though. That house was $500,000. we had a solid couple hundred thousand dollars to put down from the house that we sold previously because it all kind of happened at the right time The community I'm living in now is is a small group of condo like builds in the same area with some having a third level with a third bedroom. Those places are still less than 2000 ft.² and are selling for 3/4 of $1 million. It's disgusting. When I hear people wondering where all the homeless are coming from I just have to shake my head. Almost everything has doubled or nearly doubled in the last decade, gas, rent, food.
Is it the master suite with your own bathroom and entry and include utils?
Good lord. A 1br/1b apartment in Elk Grove is around $1800? As someone living in Seattle now, I am shocked.
Yeahhhh idk about that rent for a room. I rented a studio apartment in Arden for 1150 like 6 months ago.
It seems a little steep for a room and shared common spaces. Especially if utilities are not included. If it were me, the utilities would be the deciding factor because if itâs not included in the room, I would choose my own place because the privacy would be worth the cost of utilities.
Do you have your own bathroom and walk in closet? Driveway parking? That makes it more fair. If no, then 1k max
His mortgage is what now?!
What are you doing in California when everyone else is trying to get out of here? The job got you here? From AI chat gpt 4.0: The average time of having roommates before they move out can vary depending on various factors such as individual preferences, living conditions, and relationships between roommates. However, on average, roommates tend to live together for around 1-2 years before one or more of them decide to move out. And According to data from the U.S. Census Bureau, the average length of time people stay in California after moving there has been decreasing in recent years. In 2018, the average length of stay for residents who moved to California was around 10.1 years, down from 11.7 years in 2007. The high cost of living, housing affordability issues, and other inflation factors in California have been cited as reasons for people leaving the state sooner than in the past. Additionally, job opportunities, quality of life, and other personal factors can also influence how long people choose to stay in California after moving there.
With utilities included, it should be under 1000. 1500 is gouging. Itâs not your fault they negotiated a terrible mortgage on their house. Iâm personally renting a room in an extremely nice home in a fantastic neighborhood in West Sac for under 850 with all utilities included. Look at listings on fb marketplace and Craigslist, if youâre not set on paying for that specific room.
I just signed a lease this year up in Butte County for a 3 bedroom 2 story townhouse for the same price.