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Good-Expression-4433 t1_ixwkreq wrote

Reply to comment by Status_Silver_5114 in Is it just me or is Rhode Island as a whole becoming grossly unaffordable? by [deleted]

Oh I know. COL is up everywhere. Mostly looking at the rent increases with places like Black Rock scooping up everything during the late stages of the pandemic. Over on Fed Hill and see their people everywhere as of late. Then every new apartment is overpriced "luxury" apts.

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Status_Silver_5114 t1_ixwlqgj wrote

Yeah the luxury thing I don’t get! ESP with a 1 hour+ commute to Boston who is making enough money in PVD to live there (or want to live there?).

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FunLife64 t1_ixwr0cx wrote

Every apt building advertises themselves as luxury. It doesn’t mean it is. The prices are still rather affordable (especially compared to Boston) and don’t forget many people work remotely.

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Status_Silver_5114 t1_ixws33b wrote

Yeah but pre COVID the difference between a 2 br here and BOS was substantial. BOS still more expensive but the gap is getting bizarrely narrow

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FunLife64 t1_ixwu0no wrote

It is?

A 700sq ft one bedroom downtown in a new building is $2000-2200.

A 700sq ft one bedroom in a new building in the Seaport is $4000-4200.

Not sure I’d describe that as a narrow gap.

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Status_Silver_5114 t1_ixyna2a wrote

Comps would be more appropriate to compare a 2 br in J.P. or rosi v east side. Used to be 2400+ before Covid to about 1600 tops. Now it’s 2400 to 1800-2000 routinely.

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