Ugh, housing...

[Lindsey]

Wow Tink, that rent seems pretty low! When I first moved here after high school, 4 of us shared a 4 bedroom, 3 bathroom house for $700 a month, which I thought was really expensive! Now I'm in a 3 bedroom, 1 bathroom duplex which is about a third the size of that house and we pay $1200 a month. It's hard to even find a one bedroom apartment for less than $1000.
If Kyle ends up with the house he's looking at today, mortgage payments for him would be around $1000 or maybe just a little less. He has two people (his cousin and a friend) who have agreed to move in with him and they'd each pay 1/3 of the mortgage for rent. Then if he saved up enough money to convert the basement into a suite, he could easily gain revenue from that, because the house is right near the tech college.

[DianaB]

In college communities the rent is always higher. I know that the rent around here is about like Tink's. My daughter's paying around $350 for her rent.