👨‍💼Rental Costs Squeezing College Grads

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Real Estate Agent with Arizona Focus Realty SA634540000

💥Rental Costs Squeezing College Grads


 ☀️For ALL of Your East Valley AZ Real Estate Needs

📞Call or 🙋‍♂Text Brian at 480-773-2370

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Soaring rental costs are standing in the way of fresh college graduates entering a new stage of their lives. What are factors that new grads should know about the rental market right now?  To read the full article...  Click HERE.

 


I specialize in the East Valley of the Phoenix Metro area - Gilbert, Mesa, Chandler, Tempe, Scottsdale, Apache Junction, and Gold Canyon


☀️For ALL of Your East Valley AZ Real Estate Needs

📞Call or 🙋‍♂Text Brian at 480-773-2370

📨Email Brian  ~  Search the MLS for FREE

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Comments (19)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Such a tough time for them.  They just finished 2 years of isolation, now the inflation costs.  So sad. 

Jun 23, 2022 05:08 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian, rental rates are soaring, and pricing some out, and now need roommates to make it work.

Jun 23, 2022 05:20 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Yes, it seems like it is a very tough time to be a kid or young adult Bill Salvatore - East Valley but what would life be without struggle, haha.

Jun 23, 2022 05:22 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Roommates is going to turn into having to share a bed at the rate things are going Joan Cox 

Jun 23, 2022 05:23 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Brian,

Rental rates are soaring and its hurting so many families too! College Grads can at least find a roommate to share the cost of living expenses, but it isn't easy!

Jun 23, 2022 05:26 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Thursday morning, Brian.

Have a great day and a very productive week.

Jun 23, 2022 05:30 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Good morning, Dorie Dillard Austin TX and I have been seeing for quite a while now that kids live with their parents for a lot longer than back in my day.

Jun 23, 2022 05:30 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Brian... when I was a college graduate I moved back to NYC for graduate school... this was in 1970... high rents were a fact of life in NYC even back then... but that fact did not stop me or many of my fellow grads from moving on with our lives as responsible adults in our own homes, however small.

Jun 23, 2022 05:35 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

It can be a difficult time for many Brian with rents substantially increasing. Sharing a place may be an answer for some. 

Jun 23, 2022 06:35 AM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
Relocation to NW AZ with elbow room & more freedom

Agreed this is a difficult time for college grads. Too bad their high school education failed to include some pre-planning for the OOP$ in life.

Jun 23, 2022 06:43 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Brian. While rates are up 19% in downtown Chicago per the news, rates have not moved nearly that much if you watch the market. Enjoy your day.

Jun 23, 2022 07:00 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Good morning, Nina Hollander, Broker I remember when I was in college my parents helped me purchase a townhome.  I had a roommate and we split the mortgage amount which was much less than the average rental rates in the area.  After college, we sold the townhome for a nice profit.

Jun 23, 2022 07:52 AM
Nina Hollander, Broker

Brian England hi Brian... when I was graduating from high school, my classmates and I couldn't wait to go off to college and be independent. When we graduated from college, I can't think of anyone I knew who moved back home with their parents. We did whatever we had to in order to live independently.

Jun 23, 2022 07:55 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Sharing a place seems like a necessity these days Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 when young people are being paid low wages but rents are high.

Jun 23, 2022 07:53 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

High school should definitely include programs that would prepare kids for the real world Leanne Smith.  I remember that my Mom was teaching a program that would enable students to have a certification that would allow them to obtain a job paying over $70K/yr straight out of high school.  This was back in the 90's, so $70K+ was definitely a high income.  Unfortunately, the school budget, government funding, etc. didn't believe in it enough to have it done the right way and it went away.

Jun 23, 2022 07:56 AM
Leanne Smith

For over 20 years I have facilitated a program called Rising Stars which lays the groundwork for a successful future. This curriculum includes attitudes, goal planning, goal setting, goal achievement and having balance in one's life.  Delving into attitudes and connecting if those existing attitudes will get the young person to where he or she wants to be is a game changer for many young people. These students have never learned to this about all the "what ifs" and the necessity for one if not two back up plans.

Jun 23, 2022 07:59 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Good morning, Wayne Martin and here I was thinking that it severely cut into their budgets for adult libations, haha.

Jun 23, 2022 07:57 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey there Brian! I happen to know a great real estate agent in the East Valley AZ area that could help student find affordable housing. Call Brian England 

Jun 23, 2022 09:11 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You are a lucky man if you know him personally Rocky Dickerson I have heard he is a great guy, haha.

Jun 23, 2022 09:59 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Brian between student loans, low paying jobs, and now over the top rental costs.  College graduates are starting out on the short end of the stick.

Jun 23, 2022 04:08 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Low-paying jobs is the one that doesn't make sense George Souto and wages have been about the only thing that hasn't kept up with inflation.

Jun 24, 2022 05:00 AM